TPMS Battery

TPMS Battery

Global TPMS Battery Market to Reach US$1.0 Billion by 2030

The global market for TPMS Battery estimated at US$657.0 Million in the year 2023, is expected to reach US$1.0 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. CR Type Battery, one of the segments analyzed in the report, is expected to record a 6.8% CAGR and reach US$950.4 Million by the end of the analysis period. Growth in the BR Type Battery segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$177.7 Million While China is Forecast to Grow at 6.3% CAGR

The TPMS Battery market in the U.S. is estimated at US$177.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$161.3 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.9% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Global TPMS Battery Market - Key Trends & Drivers Summarized

What Are TPMS Batteries and Why Are They Important?

Tire Pressure Monitoring System (TPMS) batteries are specialized power sources used in TPMS sensors to monitor tire pressure in vehicles. These batteries are crucial for the proper functioning of TPMS, ensuring real-time monitoring and alerting drivers to any significant deviations in tire pressure. Proper tire pressure is essential for vehicle safety, fuel efficiency, and tire longevity, making TPMS batteries a critical component in modern automotive safety systems. Their importance has grown with increasing regulatory requirements for TPMS in vehicles to enhance road safety.

How Do TPMS Batteries Function in Automotive Systems?

TPMS batteries power the sensors that monitor tire pressure and transmit data to the vehicle’s onboard computer. These batteries must provide reliable power under varying temperature and environmental conditions. Typically, lithium-ion batteries are used due to their long life, high energy density, and ability to perform well in extreme temperatures. In practice, these batteries support the continuous operation of TPMS sensors, enabling them to send real-time pressure data and alerts to the driver, ensuring that tire pressure remains within safe limits. This system helps prevent tire blowouts, improve fuel efficiency, and reduce tire wear.

What Are the Challenges and Opportunities in TPMS Batteries Development?

The development and use of TPMS batteries face several challenges and opportunities. One major challenge is ensuring long battery life to minimize the need for frequent replacements, which can be costly and inconvenient. Additionally, TPMS batteries must be robust enough to operate effectively in extreme temperatures and harsh conditions. On the opportunity side, advancements in battery technology, such as the development of more energy-dense and longer-lasting batteries, are enhancing the performance and reliability of TPMS systems. The growing adoption of electric and hybrid vehicles presents new opportunities for integrating advanced TPMS technologies. Furthermore, increasing awareness of vehicle safety and stringent regulatory standards are driving demand for more efficient and durable TPMS batteries.

What Is Driving the Growth in the TPMS Batteries Market?

The growth in the TPMS batteries market is driven by several factors. Firstly, the increasing adoption of TPMS in vehicles, driven by regulatory mandates and safety concerns, is boosting demand for reliable batteries. Secondly, advancements in battery technology are enhancing the performance and lifespan of TPMS batteries, making them more attractive to manufacturers and consumers. Thirdly, the rising production of electric and hybrid vehicles, which require advanced TPMS systems, is creating new opportunities for the market. Additionally, growing consumer awareness about vehicle safety and the benefits of maintaining proper tire pressure are further driving market growth. Finally, the expansion of the automotive industry in emerging markets is increasing demand for TPMS and associated batteries, contributing to the market’s overall growth.

Select Competitors (Total 44 Featured) -
  • EVE Energy Co., Ltd.
  • Maxell, Ltd.,
  • Renata SA
  • Shenzhen PKCELL Battery Co., Ltd.
  • Suzhou South Large Battery Co. Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Global Economic Update
TPMS Battery - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Adoption of TPMS in Vehicles
Advancements in Lithium-Ion Battery Technology
Regulatory Mandates for Vehicle Safety
Growing Demand for Fuel Efficiency
Impact of Electric and Hybrid Vehicle Adoption
Technological Innovations in Battery Performance
Expansion of Automotive Aftermarket Services
Trends in Smart and Connected Vehicle Technologies
Influence of Consumer Awareness on Vehicle Safety Features
Development of Environmentally Friendly Battery Solutions
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for TPMS Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 2: World 7-Year Perspective for TPMS Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
TABLE 3: World Recent Past, Current & Future Analysis for CR Type Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 4: World 7-Year Perspective for CR Type Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 5: World Recent Past, Current & Future Analysis for BR Type Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 6: World 7-Year Perspective for BR Type Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 7: World TPMS Battery Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 8: USA Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 9: USA 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
CANADA
TABLE 10: Canada Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 11: Canada 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
JAPAN
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 12: Japan Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 13: Japan 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
CHINA
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 14: China Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 15: China 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
EUROPE
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 16: Europe Recent Past, Current & Future Analysis for TPMS Battery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 17: Europe 7-Year Perspective for TPMS Battery by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
TABLE 18: Europe Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 19: Europe 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
FRANCE
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 20: France Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 21: France 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
GERMANY
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 22: Germany Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 23: Germany 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
ITALY
TABLE 24: Italy Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 25: Italy 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
UNITED KINGDOM
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 26: UK Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 27: UK 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
REST OF EUROPE
TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 29: Rest of Europe 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
ASIA-PACIFIC
TPMS Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 31: Asia-Pacific 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
REST OF WORLD
TABLE 32: Rest of World Recent Past, Current & Future Analysis for TPMS Battery by Segment - CR Type Battery and BR Type Battery - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 33: Rest of World 7-Year Perspective for TPMS Battery by Segment - Percentage Breakdown of Value Sales for CR Type Battery and BR Type Battery for the Years 2024 & 2030
IV. COMPETITION

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