Battery Passport Market Size, Share, Trends & Analysis by 2032

The global battery passport market is projected to reach USD 326.9 million by 2032, growing from USD 54.3 million in 2025, at a CAGR of 29.2%.
The global battery passport market [https://www.marketsandmarkets.com/Market-Reports/battery-passport-market-160933980.html] is projected to reach USD 326.9 million by 2032, growing from USD 54.3 million in 2025, at a CAGR of 29.2%. The demand for this battery passport market is gaining momentum with the implementation of stringent sustainability regulations, growing emphasis on end-to-end supply chain transparency, and rising demand for circular economy practices across the consumer goods, electric vehicles, energy storage, and other industrial sectors. Rising developments in the renewable energy storage, consumer electronics sectors, and electric vehicles adoption worldwide are creating a strong pull for digital battery passports that ensure compliance, traceability, and second-life utilization.

The automotive and transportation segment will dominate the battery passport market.

The automotive and transportation segment is likely to capture more than 60% of the global battery passport market from 2027 onwards. According to the International Energy Agency (IEA), electric vehicles are now responsible for nearly 90% of global lithium demand, a dramatic rise from just 64% in 2020. Continuous technical improvements and declining battery prices are making electric vehicles and other battery-powered mobility solutions more affordable and accessible, leading to wider acceptance globally. The unprecedented reliance on lithium batteries positions this sector at the forefront of the emerging battery passport market. The captured digital records detailing the provenance, composition, and lifecycle of each battery will gain rapid momentum as stakeholders seek transparency, second-life applications, and improved recycling rates.

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The IoT & embedded sensor-integrated battery passports are likely to be a rapidly booming segment by 2032.

The IoT and embedded sensor-integrated segment is emerging as the fastest-growing category for the battery passport market. Unlike blockchain or cloud-only approaches, which primarily address static compliance and traceability, IoT-based solutions enable real-time monitoring of battery health, performance, and lifecycle parameters such as charging cycles, temperature, and degradation. This capability is becoming increasingly critical as stakeholders prioritize not only regulatory compliance but also second-life applications, efficient recycling, and predictive maintenance.

North America is projected to be one of the major markets during the forecast period.

North America is poised to witness accelerated demand for battery passports, driven by the rapid scale-up of EV adoption, strong regulatory support, and deep integration of traceability within the expanding battery supply chain. The US Inflation Reduction Act (IRA) has been a major catalyst, SAE J3071, ISO 14040/14044 standard, tying EV tax credits to stringent sourcing and sustainability requirements, which in turn compels automakers and cell manufacturers to adopt battery passport solutions.

In North America, efforts to develop a battery passport framework are being spearheaded by SAE International and the Joint Office of Energy and Transportation, which issued Battery Passport Content Guidance in December 2023. Unlike the EU's model, the US is pursuing a tailored approach that emphasizes traceability of raw materials, compliance with the Uyghur Forced Labor Prevention Act, ESG disclosures, and carbon footprint tracking. The focus is on building a global traceability index to support regional recycling and recovery of critical minerals. Industry groups such as SAE, NAATBatt, and AIAG are collaborating to establish standards that are repeatable, consistent, and industry-friendly, while addressing gaps in areas like battery health diagnostics, safety, and lifecycle reporting.

List of Top Battery Passport Market Companies

The Battery Passport Market is dominated by a few major players that have a wide regional presence. The major players in the Battery Passport Market are

* Global Battery Alliance (GBA) (Belgium)
* Minespider Gmbh (Germany)
* Siemens (Germany)

* AVL (Austria)
* Tata elxi (India)
* Optel Group (Canada)

* Bloqsense (Switzerland), Circulor (UK)
* Denso (Japan).

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