バッテリーパスポート市場規模、シェア、動向、2035年までの世界予測

Battery Passport Market - Global Forecast To 2035

Battery Passport Market by Industry (Automotive, Energy & Utility, Off-Highway/Industrial), Battery Type (Lithium-ion, Lead-acid, Sodium-ion), Technology (Blockchain, Cloud, IoT & AI-integrated), End User, Business Model, Region - Global Forecast to 2035

商品番号 : SMB-90898

出版社MarketsandMarkets
出版年月2025年11月
ページ数212
図表数172
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

バッテリーパスポート市場 – 業界(自動車、エネルギー・公益事業、オフハイウェイ/産業)、電池の種類(リチウムイオン、鉛蓄電池、ナトリウムイオン)、技術(ブロックチェーン、クラウド、IoT、AI統合)、エンドユーザー、ビジネスモデル、地域別 – 2035年までの世界予測

バッテリーパスポート市場は、2025年の1億5,000万米ドルから2035年には23億5,000万米ドルに達し、年平均成長率(CAGR)32.1%で成長すると予測されています。欧州では、メーカーがEUバッテリー規制に準拠するにつれ、バッテリーパスポートの導入が加速しています。企業は、調達記録、炭素指標、化学データ、耐久性パラメータを取得するために、安全なクラウドリンク、組み込みメモリユニット、暗号化されたQRまたはNFCアクセスを備えたブロックチェーンベースの識別子を採用しています。健全性指標、サイクルパターン、充電行動、熱トレースからのセンサーフィードは、主要なEU市場全体で一貫した検証をサポートしています。ブロックチェーンプラットフォームは、改ざん防止の監査証跡、許可されたアクセス、追跡可能なライフサイクルエントリを提供し、リサイクル業者は材料の構成と回収ルートに関する洞察を自動的に得ることができます。オンボード診断、BMS暗号化、OTA機能、統一されたデータ形式を備えたモジュラーバッテリー設計は、コンプライアンスを合理化し、検証済みのライフサイクルの透明性を市場参加の必須条件としています。

本調査は、バッテリーパスポート市場を、業界別(自動車、エネルギー・公益事業、オフハイウェイ/工業、その他)、バッテリータイプ別(リチウムイオン、鉛蓄電池、ナトリウムイオン、その他)、技術別(ブロックチェーンベース、クラウドベース、IoT・AI統合型バッテリーパスポート、その他)、コンプライアンス別(EUバッテリー規制準拠バッテリー、パイロット制度下のバッテリー、非準拠/旧式バッテリー)、エンドユーザー別(コンプライアンスエンドユーザー、運用エンドユーザー)、ビジネスモデル別(サービス型ソフトウェアプラットフォーム、ホワイトラベルソリューション、オンプレミス導入、サブスクリプション、ライセンス、従量課金)、地域別(アジア太平洋、欧州、北米)に分析しています。また、バッテリーパスポート市場における主要企業の競合状況と企業プロファイルについても解説しています。

本調査では、主要市場プレーヤーの包括的な競合分析を提供し、企業プロフィール、製品および事業内容に関する主要な洞察、最近の動向、主要な市場戦略などを網羅しています。本レポートは、市場リーダー企業および新規参入企業にとって、バッテリーパスポート市場全体とそのサブセグメントの収益予測に役立ちます。また、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、効果的な市場開拓戦略を策定するための知見を深めるのに役立ちます。さらに、本レポートは主要な市場牽引要因、制約要因、課題、機会に関する情報も提供しており、ステークホルダーが市場動向に関する最新情報を常に把握できるよう支援します。

本レポートでは、以下の点について洞察を提供しています。

市場の成長に影響を与える主要な推進要因(バッテリーサプライチェーンの透明性と持続可能性、規制の執行とコンプライアンス義務、消費者中心のトレーサビリティとブランド信頼)、制約要因(データの機密性と市場の抵抗、コンプライアンスのための高額な設備投資と運用コスト、断片化された標準と相互運用性のギャップ)、機会(循環型経済、バッテリー・アズ・ア・サービスの実現)、課題(移行と実装の課題、技術的な複雑さ、データの正確性、ガバナンス、サイバーセキュリティ)の分析

  • 製品開発/イノベーション:バッテリーパスポート市場における今後の技術、研究開発活動、製品投入に関する詳細な洞察
  • 市場開発:有望な市場に関する包括的な情報。本レポートでは、様々な地域のバッテリーパスポートを分析しています。
  • 市場多様化:バッテリーパスポート市場における新製品、未開拓地域、最近の開発状況、投資に関する包括的な情報
  • 競合評価:Minespider GmbH(ドイツ)、AVL(オーストリア)、Siemens(ドイツ)、Circulor(英国)、Optel Group(カナダ)といった主要企業の市場シェア、成長戦略、サービス提供に関する詳細な評価

Report Overview

The battery passport market is projected to reach USD 2.35 billion by 2035, from USD 0.15 billion in 2025, with a CAGR of 32.1%. The rollout of battery passports in Europe is accelerating as manufacturers align with the EU Battery Regulation. Firms are adopting blockchain-backed identifiers with secure cloud links, embedded memory units, and encrypted QR or NFC access to capture sourcing records, carbon metrics, chemistry data, and durability parameters. Sensor feeds from state-of-health indicators, cycle patterns, charging behavior, and thermal traces support consistent validation across major EU markets. Blockchain platforms provide tamper-proof audit trails, permissioned access, and traceable lifecycle entries, while recyclers gain automated insights into material composition and recovery routes. Modular battery designs with onboard diagnostics, BMS encryption, OTA capability, and harmonized data formats streamline compliance, making verified lifecycle transparency mandatory for market participation.

バッテリーパスポート市場規模、シェア、動向、2035年までの世界予測
Battery Passport Market – Global Forecast To 2035

“Automotive is expected to surpass other industries during the forecast period.”

The automotive industry is expected to remain the largest adopter of battery passports as EV and PHEV volumes surge sharply across passenger and commercial segments from 2025 to 2032, with lithium-based chemistries maintaining a share of more than 90–95% and driving the need for authenticated sourcing, carbon metrics, durability data, and recycled-content validation. OEMs such as BMW, Mercedes-Benz, Volkswagen, Stellantis, and Kia are already integrating passport-ready data models to comply with EU Regulation 2023/1542, while Kia’s public trials and similar initiatives across North America and Asia reflect the shift toward unified production-to-end-of-life traceability. These systems streamline supplier reporting, align BMS data with lifecycle indicators, and support recyclers and second-life operators with verified inputs for material recovery and reuse. The scale of upcoming EV deployment, tightening disclosure mandates, and region-wide harmonization efforts position automotive players as the primary drivers of reporting standards, interoperability frameworks, and lifecycle governance practices across the battery passport ecosystem.

バッテリーパスポート市場規模、シェア、動向、2035年までの世界予測 - by industry
Battery Passport Market – Global Forecast To 2035 – by industry

“Sodium-ion is expected to exhibit the fastest growth during the forecast period.”

The sodium-ion battery is advancing through focused commercial activity, with automotive and regional programs in China, India, and Europe accelerating its shift from pilot lines to scaled deployment. Industry leaders are pushing tangible progress. For instance, CATL is expanding its Naxtra platform for mobility and storage use cases. Northvolt has validated 160 Wh/kg cells for large-scale storage systems, while Faradion, under Reliance, is driving improvements in energy density and cycle stability to meet India’s mobility and grid needs. These developments reflect a move toward cost-efficient alternatives where lithium supply pressures are significant. As adoption rises, battery passports will be essential for capturing sodium-specific parameters, such as hard-carbon or Prussian-blue characteristics, conductivity thresholds, stability markers, and voltage-curve behavior. This requires distinct reporting formats and BMS logic that differ from those of lithium-ion batteries due to their unique discharge signatures and thermal responses. A tailored passport framework will support supply chain qualification, operational reliability, and regulatory compliance as the chemistry gains industrial traction. Integrating these parameters into digital passport frameworks enhances validation processes and supports accurate end-of-life planning for sodium-ion assets. The chemistry’s lower material cost and favorable sustainability characteristics align well with the rising need for traceable lifecycle data, prompting early adoption of digital battery passport structures for sourcing information, carbon metrics, and durability records.

バッテリーパスポート市場規模、シェア、動向、2035年までの世界予測 - 地域
Battery Passport Market – Global Forecast To 2035 – region

“Europe is expected to be the largest market during the forecast period.”

Europe is the primary operational region for the deployment of the Battery Passport under Regulation (EU) 2023/1542, which defines a machine-readable passport and interoperability requirements for relevant batteries, with implementation milestones applying to batteries exceeding the regulatory capacity threshold. Industry and research consortia are shaping the technical baseline. Across Europe, several EU member states are advancing digital battery passport initiatives. Notably, Germany leads the Battery Pass consortium, FIWARE, IPCEI Batteries, and the BASE project (with partners from Spain, Belgium, Lithuania, the Netherlands, and Ireland) in developing decentralized, interoperable passports utilizing distributed ledger technology. France contributes through recycling pilot projects linked to the GBA, while Sweden engages via value-chain working groups, and the Netherlands and Belgium participate in BASE. Industry consortia, such as Battery Pass, CIRPASS/CIRPASS 2, and the Catena X automotive ecosystem, are developing harmonized data models for material provenance, carbon accounting, cell and pack manufacturing, degradation, end-of-life routing, and secure digital identifiers with encrypted APIs that link BMS, MES, and ERP systems. Pilots in Germany, France, and Sweden are validating cross-party consent frameworks and real-time analytics for cycle and thermal history, positioning Europe as the most advanced region for standards-based battery passport deployment.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Battery Passport Providers – 69% and Others – 31%
  • By Designation: CXOs – 46%, Managers – 23%, and Others – 31%
  • By Region: North America – 8%, Europe – 61%, and Asia Pacific – 31%
バッテリーパスポート市場規模、シェア、動向、2035年までの世界予測 - 対象企業
Battery Passport Market – Global Forecast To 2035 – ecosystem

The battery passport market is dominated by established players, including Minespider GmbH (Germany), AVL (Austria), Siemens (Germany), Circulor (UK), and Optel Group (Canada). These companies actively manufacture and develop new and advanced connectors. They have also set up R&D facilities and offer best-in-class products to their customers.

Research Coverage:

The study covers the battery passport market by industry (automotive, energy & utility, off-highway/industrial, other industries), battery type (lithium-ion, lead-acid, sodium-ion, other batteries), technology (blockchain-based battery passport, cloud-based battery passport, IoT & AI-integrated battery passport, other technologies), compliance (EU Battery Regulation-compliant batteries, batteries under pilot schemes, non-compliant/legacy batteries), end users (compliance end users, operational end users), business model (software-as-a-service platform, white-label solution, on-premise deployment, subscription, licensing, pay-per-use), and region (Asia Pacific, Europe, and North America). It also covers the competitive landscape and company profiles of the major players in the battery passport market.

Key Benefits of Purchasing this Report

The study provides a comprehensive competitive analysis of key market players, including their company profiles, key insights into product and business offerings, recent developments, and primary market strategies. The report will assist market leaders and new entrants with estimates of revenue figures for the overall battery passport market and its subsegments. It helps stakeholders understand the competitive landscape and gain additional insights to better position their businesses and develop effective go-to-market strategies. Additionally, the report provides information on key market drivers, restraints, challenges, and opportunities, enabling stakeholders to stay informed about market dynamics.

The report provides insights into the following points:

  • Analysis of key drivers (battery supply chain transparency and sustainability, regulatory enforcement and compliance mandates, consumer-centric traceability and brand trust), restraints (data confidentiality and market reluctance, high CapEx and OpEx for compliance, fragmented standards and interoperability gaps), opportunities (circular economy, battery-as-a-service enablement), and challenges (transition and implementation challenges, technical complexity, data accuracy, governance, and cybersecurity) influencing market growth
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the battery passport market
  • Market Development: Comprehensive information about lucrative markets; the report analyzes battery passports across various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the battery passport market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Minespider GmbH (Germany), AVL (Austria), Siemens (Germany), Circulor (UK), and Optel Group (Canada)

Table of Contents

1               INTRODUCTION              22

1.1           STUDY OBJECTIVES       22

1.2           MARKET DEFINITION   22

1.3           STUDY SCOPE   24

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      24

1.3.2        INCLUSIONS AND EXCLUSIONS 24

1.3.3        YEARS CONSIDERED      24

1.4           CURRENCY CONSIDERED            25

1.5           STAKEHOLDERS               25

2               RESEARCH METHODOLOGY       26

2.1           RESEARCH DATA              26

2.1.1        SECONDARY DATA          27

2.1.1.1    List of secondary sources    27

2.1.1.2    Key data from secondary sources       28

2.1.2        PRIMARY DATA 28

2.1.2.1    Primary interviewees from demand and supply sides     29

2.1.2.2    Breakdown of primary interviews      30

2.1.2.3    List of primary participants 30

2.2           MARKET SIZE ESTIMATION         31

2.2.1        BOTTOM-UP APPROACH              32

2.2.2        TOP-DOWN APPROACH                33

2.3           DATA TRIANGULATION                34

2.4           FACTOR ANALYSIS          35

2.5           RESEARCH ASSUMPTIONS AND RISK ASSESSMENT                 36

2.6           RESEARCH LIMITATIONS             37

3               EXECUTIVE SUMMARY  38

3.1           KEY INSIGHTS AND MARKET HIGHLIGHTS          38

3.2           KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS    40

3.3           DISRUPTIVE TRENDS SHAPING MARKET               41

3.4           HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS         42

3.5           MNM INSIGHTS ON EU BATTERY REGULATIONS                 43

3.6           SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE, AND FORECAST                44

4               PREMIUM INSIGHTS       45

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY PASSPORT MARKET   45

4.2           BATTERY PASSPORT MARKET, BY REGION          46

4.3           BATTERY PASSPORT MARKET, BY BATTERY TYPE                 46

4.4           BATTERY PASSPORT MARKET, BY INDUSTRY     47

4.5           BATTERY PASSPORT MARKET, BY TECHNOLOGY                 47

5               MARKET OVERVIEW       48

5.1           INTRODUCTION              48

5.2           MARKET DYNAMICS       49

5.2.1        DRIVERS               49

5.2.1.1    Battery supply chain transparency and sustainability     49

5.2.1.2    Regulatory enforcement and compliance mandates        50

5.2.1.3    Consumer-centric traceability and brand trust                51

5.2.2        RESTRAINTS      52

5.2.2.1    Data confidentiality and market reluctance     52

5.2.2.2    Fragmented standards and interoperability gaps             52

5.2.2.3    High CapEx and OpEx for compliance             52

5.2.3        OPPORTUNITIES              52

5.2.3.1    Battery industry’s shift toward circular economy            52

5.2.3.2    Rise of Battery-as-a-Service model   53

5.2.4        CHALLENGES    54

5.2.4.1    Data accuracy, governance, and cybersecurity concerns                 54

5.2.4.2    Transition and implementation constraints     54

5.2.4.3    Technical complexity           54

5.3           UNMET NEEDS AND WHITE SPACES       54

5.3.1        UNMET NEEDS 55

5.3.2        WHITE SPACES 55

5.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              56

5.4.1        SCALE OF COLLABORATION AND MARKET INTERDEPENDENCE      56

5.4.2        REGULATORY SYNCHRONIZATION AND COMPLIANCE TIMELINES         56

5.4.3        R&D COLLABORATION AND FUNDING SUPPORT                 56

5.5           STRATEGIC MOVES BY TIER-1/2/3 PLAYERS        57

5.5.1        TIER 1   57

5.5.2        TIER 2   57

5.5.3        TIER 3   57

6               INDUSTRY TRENDS         59

6.1           MACROECONOMIC INDICATORS              59

6.1.1        INTRODUCTION              59

6.1.2        GDP TRENDS AND FORECAST   59

6.1.2.1    Regional GDP dynamics     59

6.1.2.1.1 Developed markets (US, EU, and Japan)         59

6.1.2.1.2 Emerging markets (China, India, and Southeast Asia)  59

6.1.2.2    Investment environment     60

6.1.2.3    Implications for battery passport adoption       60

6.1.3        TRENDS IN EV AND EV BATTERY INDUSTRY       60

6.1.3.1    EV penetration and market dynamics               60

6.1.3.2    Battery manufacturing expansion      61

6.1.3.3    Regulatory and policy alignment        61

6.1.3.4    Strategic implications for stakeholders              61

6.2           ECOSYSTEM ANALYSIS  62

6.2.1        RAW MATERIAL SUPPLIERS AND MINERS             62

6.2.2        BATTERY MANUFACTURERS      63

6.2.3        OEMS    63

6.2.4        RECYCLERS AND SECOND-LIFE OPERATORS      63

6.2.5        DIGITAL PASSPORT AND TRACEABILITY PROVIDERS                 63

6.2.6        REGULATORY AUTHORITIES AND GOVERNANCE ORGANIZATIONS             63

6.2.7        TECHNOLOGY AND AI PROVIDERS         63

6.2.8        AUDITORS AND CERTIFICATION AGENCIES       63

6.3           PRICING ANALYSIS          64

6.4           VALUE CHAIN ANALYSIS               65

6.5           CASE STUDY ANALYSIS 66

6.5.1        EFFICIENT RECYCLING PROCESSES THROUGH BATTERY PASSPORT DATA         66

6.5.2        BATTERY PASSPORT WITH QR AND BLOCKCHAIN TECHNOLOGY  66

6.5.3        BATTERY PASSPORT IMPLEMENTATION WITH MINESPIDER      67

6.6           US 2025 TARIFF 67

6.6.1        IMPACT OF US TARIFFS ON BATTERY VALUE CHAIN                 67

6.6.1.1    Cost and import dynamics  67

6.6.1.2    Supply chain reorientation  67

6.6.2        REGULATORY ALIGNMENT AND TRANSPARENCY IMPLICATIONS 68

6.6.3        SPECIFIC IMPLICATIONS FOR BATTERY PASSPORT MARKET               68

6.6.3.1    Opportunity side  68

6.6.3.2    Risk/Headwind side             68

6.6.4        STRATEGIC CONSIDERATIONS FOR US BATTERY PASSPORT MARKET        69

6.6.5        RECOMMENDATIONS FOR STAKEHOLDERS        69

6.7           KEY CONFERENCES AND EVENTS             70

6.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            70

6.9           INVESTMENT AND FUNDING SCENARIO               71

6.10         BATTERY PASSPORT PILOT TRIALS         71

6.10.1      2023 BATTERY PASSPORT PILOT TRIALS               71

6.10.2      2024 BATTERY PASSPORT PILOT TRIALS               72

6.11         BATTERY PASSPORT FRAMEWORK          73

6.12         BATTERY PASSPORT INFORMATION      75

6.13         KEY CONSORTIUMS AND INITIATIVES IN BATTERY PASSPORT ECOSYSTEM 76

6.13.1      CATENA-X AUTOMOTIVE NETWORK (2021)         76

6.13.2      BATTERY PASS CONSORTIUM (2022)       76

6.13.3      GLOBAL BATTERY ALLIANCE BATTERY PASSPORT (2017)    76

6.13.4      CIRPASS PROJECT (2022)               77

6.14         BATTERY PASSPORT IMPLEMENTATION EFFORTS AND COST DRIVERS 77

7               TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 79

7.1           KEY TECHNOLOGIES     79

7.1.1        CELL CHEMISTRY AND MATERIAL-LEVEL TRACEABILITY 79

7.1.2        STATE-OF-HEALTH MONITORING AND LIFECYCLE DATA INTEGRATION     79

7.1.3        BLOCKCHAIN INTEGRATION FOR TAMPER-PROOF DATA    80

7.2           COMPLEMENTARY TECHNOLOGIES       80

7.2.1        BATTERY MANAGEMENT AND TELEMETRY SYSTEMS                 80

7.2.2        IOT AND EDGE INTELLIGENCE INTEGRATION  81

7.2.3        ARTIFICIAL INTELLIGENCE, DIGITAL TWINS, AND PREDICTIVE ANALYTICS               81

7.3           ADJACENT TECHNOLOGIES       82

7.3.1        BATTERY RECYCLING AND END-OF-LIFE INTEGRATION                 82

7.3.2        AUTOMATED DISMANTLING AND MATERIAL RECOVERY PROCESSES 82

7.4           TECHNOLOGY ROADMAP            83

7.5           IMPACT OF AI/GEN AI   84

7.5.1        TOP USE CASES AND MARKET POTENTIAL          84

7.5.2        INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS           84

7.5.3        CLIENTS’ READINESS TO ADOPT GEN AI IN BATTERY PASSPORT  MARKET     85

7.6           PATENT ANALYSIS          85

7.7           FUTURE APPLICATIONS               89

7.7.1        APPLICATION OF TRACEABILITY SYSTEMS FOR DATA COLLECTION    89

7.7.1.1    Future application                89

7.7.1.2    Strategic impact    89

7.7.2        INTEGRATION INTO OFFICIAL DOWNSTREAM PROCESSES         90

7.7.2.1    Future application                90

7.7.2.2    Strategic impact    90

7.7.3        AGGREGATION OF DATA FROM MULTIPLE BATTERY PASSPORTS        91

7.7.3.1    Future application                91

7.7.3.2    Strategic impact    91

8               SUSTAINABILITY AND REGULATORY LANDSCAPE                 92

8.1           REGULATORY FRAMEWORK       92

8.1.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             92

8.1.2        REGULATIONS RELATED TO BATTERY PASSPORTS                 94

8.1.2.1    Europe   94

8.1.2.1.1 EU Battery Regulation         94

8.1.2.2    North America      95

8.1.2.2.1 US Inflation Reduction Act 95

8.1.2.2.2 US Department of Energy’s Battery Recycling Initiative                 96

8.1.2.3    Asia Pacific            96

8.1.2.3.1 Automobile Management Act             96

8.1.3        COMPLIANCE COSTS PER BATTERY AND INFLUENCE ON OEM SOURCING STRATEGIES             96

8.1.4        INDUSTRY STANDARDS                97

8.1.5        REGULATIONS ON CIRCULARITY AND RESOURCE EFFICIENCY: DIN DKE SPEC 99100             98

8.2           SUSTAINABILITY INITIATIVES   104

8.2.1        CORE SUSTAINABILITY DIMENSIONS    104

8.2.1.1    Environmental impact transparency 104

8.2.1.2    Social responsibility and human rights compliance        105

8.2.1.3    Governance and data integrity            105

8.2.2        CIRCULAR ECONOMY INTEGRATION     105

8.2.3        GLOBAL COLLABORATIONS AND PILOTS            105

8.2.4        MEASURABLE SUSTAINABILITY OUTCOMES       105

8.2.5        CARBON IMPACT AND ECO-APPLICATIONS        106

8.3           SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES       106

8.4           CERTIFICATION, LABELING, AND ECO-STANDARDS                 106

9               CUSTOMER LANDSCAPE AND BUYER BEHAVIOR                 107

9.1           DECISION-MAKING PROCESS     107

9.2           KEY STAKEHOLDERS AND BUYING CRITERIA     108

9.3           ADOPTION BARRIERS AND INTERNAL CHALLENGES                 108

9.4           UNMET NEEDS FROM END-USE INDUSTRIES      108

10            BATTERY PASSPORT MARKET, BY COMPLIANCE                 110

10.1         INTRODUCTION              110

10.2         EU BATTERY REGULATION-COMPLIANT BATTERIES                 110

10.3         BATTERIES UNDER PILOT SCHEMES      110

10.3.1      BATTERY PASSPORT PILOT PARTICIPANTS        111

10.4         NON-COMPLIANT/LEGACY BATTERIES 112

11            BATTERY PASSPORT MARKET, BY BUSINESS MODEL                 113

11.1         INTRODUCTION              113

11.2         BUSINESS MODELS BY MODE OF OPERATION    113

11.2.1      SOFTWARE-AS-A-SERVICE PLATFORM   114

11.2.2      WHITE-LABEL SOLUTION            115

11.2.3      ON-PREMISE DEPLOYMENT       115

11.3         BUSINESS MODELS BY REVENUE STREAM            115

11.3.1      SUBSCRIPTION 116

11.3.2      LICENSING         116

11.3.3      PAY-PER-USE/TRANSACTIONAL               117

12            BATTERY PASSPORT MARKET, BY END USER      118

12.1         INTRODUCTION              118

12.2         COMPLIANCE END USERS            118

12.2.1      BATTERY MANUFACTURERS      118

12.2.2      EV MANUFACTURERS    119

12.2.3      BATTERY RECYCLERS    120

12.3         OPERATIONAL END USERS          120

12.3.1      ENERGY STORAGE SYSTEM INTEGRATORS          120

12.3.2      UTILITY OPERATORS     121

12.3.3      FLEET OPERATORS         121

13            BATTERY PASSPORT MARKET, BY BATTERY TYPE                 122

13.1         INTRODUCTION              123

13.2         LITHIUM-ION    124

13.2.1      REGULATORY COMPLIANCE FOR BATTERY TRACEABILITY TO DRIVE MARKET          124

13.3         LEAD-ACID         125

13.3.1      HIGH RECYCLING-EFFICIENCY AND SECOND-LIFE APPLICATIONS TO DRIVE MARKET         125

13.4         SODIUM-ION     126

13.4.1      ABUNDANT RAW MATERIALS, STRONG LOW-TEMPERATURE PERFORMANCE, AND SUPPLY CHAIN DIVERSIFICATION TO DRIVE MARKET   126

13.5         OTHER BATTERIES         127

13.6         PRIMARY INSIGHTS        129

14            BATTERY PASSPORT MARKET, BY TECHNOLOGY                 130

14.1         INTRODUCTION              131

14.2         BLOCKCHAIN-BASED    132

14.2.1      TRACEABILITY, COMPLIANCE, AND DATA INTEGRITY ACROSS BATTERY SUPPLY CHAIN TO DRIVE MARKET    132

14.3         CLOUD-BASED 133

14.3.1      EFFICIENT LIFECYCLE TRACKING AND STREAMLINED REPORTING ACROSS BATTERY SUPPLY CHAIN TO DRIVE MARKET               133

14.4         IOT & AI-INTEGRATED 134

14.4.1      REAL-TIME MONITORING AND DATA-DRIVEN LIFECYCLE MANAGEMENT REQUIREMENTS TO DRIVE MARKET                 134

14.5         OTHER TECHNOLOGIES               135

14.6         PRIMARY INSIGHTS        136

15            BATTERY PASSPORT MARKET, BY INDUSTRY     137

15.1         INTRODUCTION              138

15.2         AUTOMOTIVE   139

15.2.1      REGULATORY COMPLIANCE, CONSUMER DEMAND, AND SUPPLY CHAIN TRANSPARENCY TO DRIVE MARKET                 139

15.3         ENERGY & UTILITY         140

15.3.1      ESG REQUIREMENTS, MATERIAL TRACEABILITY, AND SECOND-LIFE APPLICATIONS TO DRIVE MARKET            140

15.4         OFF-HIGHWAY/INDUSTRIAL      141

15.4.1      REGULATORY ADHERENCE, RISK MITIGATION, MATERIAL TRACEABILITY, AND STANDARDS ALIGNMENT TO DRIVE MARKET 141

15.5         OTHER INDUSTRIES       143

15.6         PRIMARY INSIGHTS        144

16            BATTERY PASSPORT MARKET, BY REGION          145

16.1         INTRODUCTION              146

16.2         ASIA PACIFIC     147

16.2.1      CHINA  149

16.2.2      JAPAN   149

16.2.3      SOUTH KOREA  149

16.2.4      INDIA    149

16.2.5      MALAYSIA           149

16.3         EUROPE               150

16.3.1      GERMANY           151

16.3.2      FRANCE                151

16.3.3      NETHERLANDS 152

16.3.4      SPAIN    152

16.3.5      FINLAND             152

16.3.6      SWEDEN              152

16.3.7      NORWAY              152

16.4         NORTH AMERICA             153

16.4.1      US           154

16.4.2      CANADA               155

17            COMPETITIVE LANDSCAPE         156

17.1         INTRODUCTION              156

17.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025                 156

17.3         MARKET SHARE ANALYSIS, 2024                 157

17.4         BRAND/PRODUCT COMPARISON             159

17.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 160

17.5.1      STARS   160

17.5.2      EMERGING LEADERS     161

17.5.3      PERVASIVE PLAYERS      161

17.5.4      PARTICIPANTS 161

17.5.5      COMPANY FOOTPRINT 162

17.5.5.1  Company footprint               162

17.5.5.2  Region footprint   162

17.5.5.3  Battery type footprint          163

17.5.5.4  Industry footprint 164

17.6         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        164

17.6.1      PROGRESSIVE COMPANIES         164

17.6.2      RESPONSIVE COMPANIES            164

17.6.3      DYNAMIC COMPANIES  165

17.6.4      STARTING BLOCKS         165

17.6.5      COMPETITIVE BENCHMARKING               166

17.6.5.1  List of start-ups/SMEs        166

17.6.5.2  Competitive benchmarking of start-ups/SMEs               166

17.7         COMPETITIVE SCENARIO             167

17.7.1      PRODUCT LAUNCHES/DEVELOPMENTS               167

17.7.2      DEALS  168

17.7.3      EXPANSIONS     170

17.7.4      OTHER DEVELOPMENTS              170

18            COMPANY PROFILES      171

18.1         KEY PLAYERS     171

18.1.1      MINESPIDER GMBH        171

18.1.1.1  Business overview 171

18.1.1.2  Solutions offered  171

18.1.1.3  Recent developments           172

18.1.1.3.1                Product launches/developments        172

18.1.1.3.2                Deals      172

18.1.1.3.3                Other developments             173

18.1.1.4  MnM view              174

18.1.1.4.1                Key strengths        174

18.1.1.4.2                Strategic choices   174

18.1.1.4.3                Weaknesses and competitive threats 174

18.1.2      AVL        175

18.1.2.1  Business overview 175

18.1.2.2  Solutions offered  175

18.1.2.3  Recent developments           176

18.1.2.3.1                Product launches/developments        176

18.1.2.4  MnM view              176

18.1.2.4.1                Key strengths        176

18.1.2.4.2                Strategic choices   177

18.1.2.4.3                Weaknesses and competitive threats 177

18.1.3      SIEMENS              178

18.1.3.1  Business overview 178

18.1.3.2  Solutions offered  179

18.1.3.3  Recent developments           180

18.1.3.3.1                Deals      180

18.1.3.4  MnM view              180

18.1.3.4.1                Key strengths        180

18.1.3.4.2                Strategic choices   180

18.1.3.4.3                Weaknesses and competitive threats 180

18.1.4      CIRCULOR           181

18.1.4.1  Business overview 181

18.1.4.2  Solutions offered  181

18.1.4.3  Recent developments           182

18.1.4.3.1                Deals      182

18.1.4.4  MnM view              183

18.1.4.4.1                Key strengths        183

18.1.4.4.2                Strategic choices   183

18.1.4.4.3                Weaknesses and competitive threats 183

18.1.5      OPTEL GROUP  184

18.1.5.1  Business overview 184

18.1.5.2  Solutions offered  184

18.1.5.3  Recent developments           184

18.1.5.3.1                Deals      184

18.1.5.4  MnM view              185

18.1.5.4.1                Key strengths        185

18.1.5.4.2                Strategic choices   185

18.1.5.4.3                Weaknesses and competitive threats 185

18.1.6      CIRCULARISE     186

18.1.6.1  Business overview 186

18.1.6.2  Solutions offered  186

18.1.6.3  Recent developments           186

18.1.6.3.1                Deals      186

18.1.6.3.2                Expansions             187

18.1.7      DENSO CORPORATION 188

18.1.7.1  Business overview 188

18.1.7.2  Solutions offered  189

18.1.7.3  Recent developments           189

18.1.7.3.1                Product launches/developments        189

18.1.8      IPOINT-SYSTEMS GMBH               190

18.1.8.1  Business overview 190

18.1.8.2  Solutions offered  190

18.1.8.3  Recent developments           190

18.1.8.3.1                Deals      190

18.1.9      CHARGEZONE   191

18.1.9.1  Business overview 191

18.1.9.2  Solutions offered  191

18.1.9.3  Recent developments           191

18.1.9.3.1                Product launches/developments        191

18.1.10   RCS GLOBAL      192

18.1.10.1                 Business overview 192

18.1.10.2                 Solutions offered  192

18.1.10.3                 Recent developments           192

18.1.10.3.1             Product launches/developments        192

18.1.10.3.2             Deals      193

18.1.10.3.3             Other developments             193

18.2         OTHER PLAYERS              194

18.2.1      PERFICIENT INC               194

18.2.2      BLOQSENS AG   195

18.2.3      TATA ELXSI        196

18.2.4      VOLVO CARS     197

18.2.5      THINGSPIRE      198

18.2.6      GLASSDOME      199

18.2.7      BATX ENERGIES                200

18.2.8      MICROVAST HOLDINGS, INC.    201

18.2.9      FARASIS ENERGY GMBH                202

18.2.10   EVERLEDGER LIMITED 203

18.2.11   RESOURCE          204

18.2.12   SPHERITY GMBH              205

19            APPENDIX           206

19.1         INSIGHTS FROM INDUSTRY EXPERTS     206

19.2         DISCUSSION GUIDE        206

19.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                208

19.4         CUSTOMIZATION OPTIONS        210

19.4.1      BATTERY PASSPORT MARKET, BY BATTERY TYPE, AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT)                 210

19.4.2      BATTERY PASSPORT MARKET, BY INDUSTRY, AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT)                 210

19.4.3      COMPANY INFORMATION           210

19.4.3.1  Profiling of additional market players (up to five)          210

19.5         RELATED REPORTS         210

19.6         AUTHOR DETAILS           211

LIST OF TABLES

TABLE 1                MARKET DEFINITION, BY INDUSTRY      22

TABLE 2                MARKET DEFINITION, BY BATTERY TYPE                 23

TABLE 3                MARKET DEFINITION, BY TECHNOLOGY                 23

TABLE 4                CURRENCY EXCHANGE RATES  25

TABLE 5                STRATEGIC MOVES BY TIER-1/2/3 PLAYERS                 57

TABLE 6                ROLE OF COMPANIES IN ECOSYSTEM    64

TABLE 7                INDICATIVE PRICING OF BATTERY PASSPORTS, 2024 (USD)          64

TABLE 8                KEY CONFERENCES AND EVENTS, 2026  70

TABLE 9                BATTERY PASSPORT IMPLEMENTATION EFFORTS AND COST DRIVERS   77

TABLE 10              PATENT ANALYSIS          86

TABLE 11              TRACEABILITY SYSTEM INTEGRATION AND DATA QUALITY IMPROVEMENTS             90

TABLE 12              OFFICIAL DOWNSTREAM PROCESSES    90

TABLE 13              AGGREGATED BATTERY PASSPORT DATA AND ANALYTICAL APPLICATIONS     91

TABLE 14              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 92

TABLE 15              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           93

TABLE 16              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS                 93

TABLE 17              INDUSTRY STANDARDS                97

TABLE 18              REGULATIONS ON CIRCULARITY AND RESOURCE EFFICIENCY: DIN DKE SPEC 99100     98

TABLE 19              DECISION-MAKING PROCESS OF KEY STAKEHOLDERS               107

TABLE 20              MARKET OPPORTUNITIES FOR UNMET NEEDS                 109

TABLE 21              BATTERY PASSPORT PILOT PARTICIPANTS                 111

TABLE 22              BATTERY PASSPORT MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)                123

TABLE 23              BATTERY PASSPORT MARKET, BY BATTERY TYPE, 2031–2035 (USD MILLION)                124

TABLE 24              LITHIUM-ION BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            125

TABLE 25              LITHIUM-ION BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            125

TABLE 26              LEAD-ACID BATTERY PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)          126

TABLE 27              LEAD-ACID BATTERY PASSPORT MARKET, BY REGION, 2031–2035 (USD MILLION)          126

TABLE 28              SODIUM-ION BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            127

TABLE 29              SODIUM-ION BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            127

TABLE 30              OTHER BATTERIES: BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            128

TABLE 31              OTHER BATTERIES: BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            128

TABLE 32              BATTERY PASSPORT MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)            131

TABLE 33              BATTERY PASSPORT MARKET, BY TECHNOLOGY, 2031–2035 (USD MILLION)            132

TABLE 34              BLOCKCHAIN-BASED BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            132

TABLE 35              BLOCKCHAIN-BASED BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            133

TABLE 36              CLOUD-BASED BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            133

TABLE 37              CLOUD-BASED BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            134

TABLE 38              IOT & AI-INTEGRATED BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            134

TABLE 39              IOT & AI-INTEGRATED BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            135

TABLE 40              OTHER TECHNOLOGIES: BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            135

TABLE 41              OTHER TECHNOLOGIES: BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            136

TABLE 42              BATTERY PASSPORT MARKET, BY INDUSTRY, 2023–2030 (USD MILLION)            138

TABLE 43              BATTERY PASSPORT MARKET, BY INDUSTRY, 2031–2035 (USD MILLION)            139

TABLE 44              AUTOMOTIVE: BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            140

TABLE 45              AUTOMOTIVE: BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            140

TABLE 46              ENERGY & UTILITY: BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            141

TABLE 47              ENERGY & UTILITY: BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            141

TABLE 48              OFF-HIGHWAY/INDUSTRIAL: BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            142

TABLE 49              OFF-HIGHWAY/INDUSTRIAL: BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            142

TABLE 50              OTHER INDUSTRIES: BATTERY PASSPORT MARKET, BY REGION,

2023–2030 (USD MILLION)            143

TABLE 51              OTHER INDUSTRIES: BATTERY PASSPORT MARKET, BY REGION,

2031–2035 (USD MILLION)            143

TABLE 52              BATTERY PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)            146

TABLE 53              BATTERY PASSPORT MARKET, BY REGION, 2031–2035 (USD MILLION)            147

TABLE 54              ASIA PACIFIC: BATTERY PASSPORT MARKET, BY INDUSTRY,

2023–2030 (USD MILLION)            148

TABLE 55              ASIA PACIFIC: BATTERY PASSPORT MARKET, BY INDUSTRY,

2031–2035 (USD MILLION)            148

TABLE 56              EUROPE: BATTERY PASSPORT MARKET, BY INDUSTRY, 2023–2030 (USD MILLION)    151

TABLE 57              EUROPE: BATTERY PASSPORT MARKET, BY INDUSTRY, 2031–2035 (USD MILLION)    151

TABLE 58              NORTH AMERICA: BATTERY PASSPORT MARKET, BY INDUSTRY,

2023–2030 (USD MILLION)            154

TABLE 59              NORTH AMERICA: BATTERY PASSPORT MARKET, BY INDUSTRY,

2031–2035 (USD MILLION)            154

TABLE 60              KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025        156

TABLE 61              MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2024   158

TABLE 62              REGION FOOTPRINT     162

TABLE 63              BATTERY TYPE FOOTPRINT       163

TABLE 64              INDUSTRY FOOTPRINT 164

TABLE 65              LIST OF START-UPS/SMES           166

TABLE 66              COMPETITIVE BENCHMARKING OF START-UPS/SMES           166

TABLE 67              BATTERY PASSPORT MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,

2023–2025              167

TABLE 68              BATTERY PASSPORT MARKET: DEALS, 2023–2025                 168

TABLE 69              BATTERY PASSPORT MARKET: EXPANSIONS, 2023–2025              170

TABLE 70              BATTERY PASSPORT MARKET: OTHER DEVELOPMENTS, 2023–2025         170

TABLE 71              MINESPIDER GMBH: COMPANY OVERVIEW                 171

TABLE 72              MINESPIDER GMBH: SOLUTIONS OFFERED                 171

TABLE 73              MINESPIDER GMBH: PRODUCT LAUNCHES/DEVELOPMENTS    172

TABLE 74              MINESPIDER GMBH: DEALS        172

TABLE 75              MINESPIDER GMBH: OTHER DEVELOPMENTS                 173

TABLE 76              AVL: COMPANY OVERVIEW         175

TABLE 77              AVL: SOLUTIONS OFFERED         175

TABLE 78              AVL: PRODUCT LAUNCHES/DEVELOPMENTS                 176

TABLE 79              SIEMENS: COMPANY OVERVIEW               178

TABLE 80              SIEMENS: SOLUTIONS OFFERED               179

TABLE 81              SIEMENS: DEALS               180

TABLE 82              CIRCULOR: COMPANY OVERVIEW           181

TABLE 83              CIRCULOR: SOLUTIONS OFFERED           181

TABLE 84              CIRCULOR: DEALS           182

TABLE 85              OPTEL GROUP: COMPANY OVERVIEW  184

TABLE 86              OPTEL GROUP: SOLUTIONS OFFERED  184

TABLE 87              OPTEL GROUP: DEALS  184

TABLE 88              CIRCULARISE: COMPANY OVERVIEW     186

TABLE 89              CIRCULARISE: SOLUTIONS OFFERED     186

TABLE 90              CIRCULARISE: DEALS     186

TABLE 91              CIRCULARISE: EXPANSIONS        187

TABLE 92              DENSO CORPORATION: COMPANY OVERVIEW                 188

TABLE 93              DENSO CORPORATION: SOLUTIONS OFFERED                 189

TABLE 94              DENSO CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS    189

TABLE 95              IPOINT-SYSTEMS GMBH: COMPANY OVERVIEW                 190

TABLE 96              IPOINT-SYSTEMS GMBH: SOLUTIONS OFFERED                 190

TABLE 97              IPOINT-SYSTEMS GMBH: DEALS               190

TABLE 98              CHARGEZONE: COMPANY OVERVIEW   191

TABLE 99              CHARGEZONE: SOLUTIONS OFFERED   191

TABLE 100            CHARGEZONE: PRODUCT LAUNCHES/DEVELOPMENTS    191

TABLE 101            RCS GLOBAL: COMPANY OVERVIEW       192

TABLE 102            RCS GLOBAL: SOLUTIONS OFFERED      192

TABLE 103            RCS GLOBAL: PRODUCT LAUNCHES/DEVELOPMENTS    192

TABLE 104            RCS GLOBAL: DEALS      193

TABLE 105            RCS GLOBAL: OTHER DEVELOPMENTS 193

TABLE 106            PERFICIENT INC: COMPANY OVERVIEW                 194

TABLE 107            BLOQSENS AG: COMPANY OVERVIEW   195

TABLE 108            TATA ELXSI: COMPANY OVERVIEW         196

TABLE 109            VOLVO CARS: COMPANY OVERVIEW      197

TABLE 110            THINGSPIRE: COMPANY OVERVIEW       198

TABLE 111            GLASSDOME: COMPANY OVERVIEW       199

TABLE 112            BATX ENERGIES: COMPANY OVERVIEW 200

TABLE 113            MICROVAST HOLDINGS, INC.: COMPANY OVERVIEW          201

TABLE 114            FARASIS ENERGY GMBH: COMPANY OVERVIEW                 202

TABLE 115            EVERLEDGER LIMITED: COMPANY OVERVIEW                 203

TABLE 116            RESOURCE: COMPANY OVERVIEW           204

TABLE 117            SPHERITY GMBH: COMPANY OVERVIEW                 205

LIST OF FIGURES

FIGURE 1              BATTERY PASSPORT MARKET SEGMENTATION                 24

FIGURE 2              RESEARCH DESIGN         26

FIGURE 3              RESEARCH DESIGN MODEL         27

FIGURE 4              KEY INDUSTRY INSIGHTS             30

FIGURE 5              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           31

FIGURE 6              BOTTOM-UP APPROACH              32

FIGURE 7              TOP-DOWN APPROACH                33

FIGURE 8              DATA TRIANGULATION                34

FIGURE 9              FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES    35

FIGURE 10            KEY INSIGHTS AND MARKET HIGHLIGHTS                 39

FIGURE 11            STRATEGIC DEVELOPMENTS BY KEY MARKET PLAYERS              40

FIGURE 12            DISRUPTIVE TRENDS SHAPING MARKET                 41

FIGURE 13            AUTOMOTIVE TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 42

FIGURE 14            NEW VALUE STREAMS FOR STAKEHOLDERS IN BATTERY PASSPORT MARKET   43

FIGURE 15            NORTH AMERICA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       44

FIGURE 16            ADOPTION OF EMBEDDED SENSORS IN BATTERY AND IOT INTEGRATION TO DRIVE MARKET  45

FIGURE 17            EUROPE TO BE LARGEST MARKET FOR BATTERY PASSPORTS IN 2025     46

FIGURE 18            LITHIUM-ION TO BE DOMINANT DURING FORECAST PERIOD         46

FIGURE 19            AUTOMOTIVE TO SECURE LEADING POSITION DURING FORECAST PERIOD       47

FIGURE 20            IOT & AI-INTEGRATED TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD  47

FIGURE 21            BATTERY PASSPORT MARKET DYNAMICS                 49

FIGURE 22            BATTERY SUPPLY CHAIN TRANSPARENCY                 50

FIGURE 23            DIGITAL DATA CHAIN IN TRACEABILITY SYSTEMS              51

FIGURE 24            CIRCULAR ECONOMY IN BATTERY INDUSTRY                 53

FIGURE 25            EV BATTERY DEMAND, 2021–2024              61

FIGURE 26            ECOSYSTEM ANALYSIS  62

FIGURE 27            VALUE CHAIN ANALYSIS               65

FIGURE 28            STRATEGIC CONSIDERATIONS FOR US BATTERY PASSPORT MARKET   69

FIGURE 29            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   70

FIGURE 30            INVESTMENT AND FUNDING SCENARIO, 2021–2025        71

FIGURE 31            2023 BATTERY PASSPORT PILOT TRIALS                 72

FIGURE 32            2024 BATTERY PASSPORT PILOT TRIALS                 73

FIGURE 33            BATTERY PASSPORT FRAMEWORK          74

FIGURE 34            BATTERY PASSPORT INFORMATION      75

FIGURE 35            BATTERY PASSPORT TECHNOLOGY ROADMAP                 83

FIGURE 36            PATENT ANALYSIS          86

FIGURE 37            EU BATTERY REGULATION         95

FIGURE 38            BATTERY PASSPORT MARKET, BY BUSINESS MODEL 113

FIGURE 39            COMPARISON OF BUSINESS MODEL, BY MODE OF OPERATION                 114

FIGURE 40            COMPARISON OF BUSINESS MODEL, BY REVENUE STREAM           116

FIGURE 41            BATTERY PASSPORT MARKET, BY END USER                 118

FIGURE 42            BATTERY PASSPORT MARKET, BY BATTERY TYPE, 2025 VS. 2035 (USD MILLION)         123

FIGURE 43            BATTERY PASSPORT MARKET, BY TECHNOLOGY, 2025 VS. 2035 (USD MILLION)      131

FIGURE 44            BATTERY PASSPORT MARKET, BY INDUSTRY, 2025 VS. 2035 (USD MILLION)      138

FIGURE 45            BATTERY PASSPORT MARKET, BY REGION, 2025 VS. 2035 (USD MILLION)                146

FIGURE 46            ASIA PACIFIC: BATTERY PASSPORT MARKET SNAPSHOT          148

FIGURE 47            EUROPE: BATTERY PASSPORT MARKET SNAPSHOT          150

FIGURE 48            NORTH AMERICA: BATTERY PASSPORT MARKET SNAPSHOT       153

FIGURE 49            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        158

FIGURE 50            BRAND/PRODUCT COMPARISON             160

FIGURE 51            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  161

FIGURE 52            COMPANY FOOTPRINT 162

FIGURE 53            COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024                165

FIGURE 54            SIEMENS: COMPANY SNAPSHOT               179

FIGURE 55            DENSO CORPORATION: COMPANY SNAPSHOT                 188