Battery State-of-Health Analytics Global Market Report 2025

The battery state-of-health analytics market size has grown rapidly in recent years. It will grow from $1.12 billion in 2024 to $1.33 billion in 2025 at a compound annual growth rate (CAGR) of 19.5%. The growth during the historic period can be attributed to increasing investments in renewable energy integration, greater adoption of fleet electrification, rising demand for smart charging infrastructure, growing consumer preference for long-lasting batteries, and expanded deployment of advanced battery chemistries.

The battery state-of-health analytics market size is expected to see rapid growth in the next few years. It will grow to $2.69 billion in 2029 at a compound annual growth rate (CAGR) of 19.2%. The growth during the forecast period can be attributed to the increasing adoption of electric vehicles, rising demand for energy storage systems, growing awareness of battery degradation effects, greater regulatory emphasis on battery safety and reliability, and expanding need for predictive maintenance solutions. Key trends in the forecast period include advancements in AI-powered diagnostics, development of advanced predictive analytics models, creation of cloud-based monitoring platforms, innovations in data-driven battery management, and progress in IoT-enabled state-of-health systems.

The increasing adoption of electric vehicles is expected to drive the growth of the battery state-of-health analytics market going forward. Electric vehicles (EVs) are powered wholly or partially by electricity stored in batteries instead of conventional fuels. Their adoption is rising due to growing environmental concerns, as they produce zero tailpipe emissions, helping reduce air pollution and greenhouse gas effects compared to traditional vehicles. Battery state-of-health (SoH) analytics supports electric vehicles by monitoring battery performance, predicting degradation, and optimizing usage, thereby extending battery life, ensuring reliability, and improving overall vehicle efficiency. For example, in 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric cars in 2023 were 3.5 million higher than in 2022, representing a 35% year-on-year increase. Therefore, the growing adoption of electric vehicles is driving the growth of the battery state-of-health analytics market.

Major companies in the battery state-of-health analytics market are focusing on technological advancements such as proprietary battery degradation algorithms to improve battery performance, extend lifespan, and optimize energy management for electric vehicles and energy storage systems. A proprietary battery degradation algorithm is a company-owned computational method designed to analyze, predict, and quantify battery aging over time, enabling precise assessment of remaining capacity, efficiency, and overall health. For instance, in March 2025, FlexGen Power Systems LLC, a US-based energy storage technology company, introduced a proprietary state-of-health (SoH) feature in its HybridOS energy management software to help customers maximize battery storage efficiency. This feature provides a precise, site-specific analysis of battery degradation by examining actual energy flow through batteries rather than relying solely on vendor lab data. This enables more accurate planning for system upgrades, warranty claims, and operational strategies to extend battery life and improve energy storage efficiency. Ultimately, it helps operators optimize system performance, reduce revenue loss, and confidently forecast battery capacity over time.

In April 2025, SOCOMEC Group S.A., a France-based manufacturing company, acquired PowerUp Technology for an undisclosed amount. Through this acquisition, SOCOMEC Group S.A. aims to enhance battery safety, performance, and longevity through AI-powered analytics, enabling proactive issue detection, optimized operations, and extended asset life to maximize customer return on investment while strengthening its market position. PowerUp Technology is a France-based technology company specializing in battery state-of-health analytics.

Major players in the battery state-of-health analytics market are Panasonic Corporation, Gs Yuasa Corporation, East Penn Manufacturing Co., Leoch International Technology Limited, Saft Batteries, Geotab Inc., FIAMM Energy Technology, Hbl Power Systems Ltd., TWAICE Technologies GmbH, Qnovo Inc., Accure Battery Intelligence GmbH, Nuvation Energy Inc., ION Energy Pvt. Ltd., Voltaiq Inc., Bamomas Oy, Byterat Technologies Ltd., Eatron Technologies Ltd., Electra Vehicles Inc., Energsoft Inc., Northstar Battery Company, ReJoule Inc., and Jump Energy Inc.

North America was the largest region in the battery state-of-health analytics market in 2024. The regions covered in battery state-of-health analytics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The battery state-of-health analytics market research report is one of a series of new reports that provides battery state-of-health analytics market statistics, including battery state-of-health analytics industry global market size, regional shares, competitors with a battery state-of-health analytics market share, detailed battery state-of-health analytics market segments, market trends and opportunities, and any further data you may need to thrive in the battery state-of-health analytics industry. This battery state-of-health analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Battery state-of-health (SoH) analytics refers to the process of evaluating and monitoring a battery’s overall condition and performance over time. It examines parameters such as capacity, internal resistance, and efficiency to determine the extent of degradation compared to the battery’s original state. SoH analytics helps predict the remaining useful life and optimize maintenance schedules, ensuring reliability, safety, and cost-effectiveness in battery-dependent systems such as electric vehicles and energy storage solutions.

The primary component types of battery state-of-health analytics include software, hardware, and services. Software comprises applications and platforms designed to monitor, analyze, and manage battery performance and health. Covered battery types include lithium-ion, lead-acid, nickel-based, and others, with deployment options available both on-premises and in the cloud. Key end-users include the automotive sector, energy and utilities, consumer electronics, industrial applications, aerospace and defense, and others.

The countries covered in the battery state-of-health analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The battery state-of-health analytics market consists of revenues earned by entities by providing services such as analyzing battery condition, predicting battery lifespan, offering reports on battery performance, and helping customers manage battery maintenance or replacements. The market value includes the value of related goods sold by the service provider or included within the service offering. The battery state-of-health analytics market also includes sales of battery management systems (BMS), voltage and current sensors, and temperature sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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