Tuesday, May 24th, 2022

Electric Vehicle Fluids Market size Record Ascending Growth size 2028

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Electric Vehicle Fluids Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Electric Vehicle Fluids Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Electric Vehicle Fluids Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Electric Vehicle Fluids Market is offered. In accordance with the report, the global Electric Vehicle Fluids Market is projected to expand with healthy CAGR over the period of forecast.

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast methodology. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and December 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast period.

Market Insight, Drivers, Restraints & Opportunity of the Market:

Presently, the application for the EV fluids is limited to the driveline & battery thermal management although in the coming years, due to the increase in the fast charging there will be devoted coolants for the power electronics & even the charger cables. In the power electronics, liquid cooled high power on-board charger could be the standard fit for that, replacing the air-cooled, 3.3/3.7kW on-board charger.

 Electric Vehicle currently present the new set of challenge to it’s ICE counterpart. Electric Vehicles require a fluid which can cool & lubricate motor, & also protect on-board electronics & be well-matched with the non-metal material like the plastics. Hence, developing the specialized high-performance lubricant for the BEVs could actually result in the high margin sales.

Although the EV sales gone down in China by 4% Year Over Year in the year 2019, it still accounts for roughly 50% of the global EV market (1.1 to 1.2M units yearly).Main push for the Electric Vehicles came from the government subsidies, provided for the purpose of making the Electric Vehicle price comparable to that of the ICE. Now that the subsidies for the cars with the total driving distance covered less than 250km is being taken away & the remaining subsidies are being cut by ~50%.  Government is looking to phase out the most of the subsidies soon. It’s going to be interesting to see if the Electric Vehicles can sustain healthy YOY growth in the past 4 years.

Among the 19 Electric Vehicle models from the 8 OEMs, which cumulatively accounted for roughly 87% of the total US sales in the year 2019, only 3 were from the B segment,8 belonged to the C segment & 8 belonged to the D Segment. C and D segment vehicles are the ones having higher rate in the price category are better suited to absorb high cost of Electrification as compared to the B segment


Segment Covered:

This market intelligence report on the global Electric Vehicle Fluids Market encompasses market segments based on vehicle type, EV type, application and country.

Based on vehicle type the global Electric Vehicle Fluids Market is classified into:

  • Passenger Vehicle
  • Commercial Vehicle

Based on EV type the global Electric Vehicle Fluids Market is classified into:

  • BEV
  • PHEV
  • HEV

Based on Application the global Electric Vehicle Fluids Market is classified into:

  • Driveline
  • Battery Coolant
  • Grease

By country/region, the global Electric Vehicle Fluids Market has been divided into:

  • North America (the U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina and other countries)
  • Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries)
  • Asia Pacific (India, Japan, China, Australia and New Zealand and other countries)
  • Middle East and Africa (GCC, South Africa, Israel and Other countries)

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:

  • Royal Dutch Shell PLC
  • Total S.A.
  • Castrol Limited
  • FUCHS Lubricants
  • ExxonMobil Corporation
  • Lubrizol Corporation
  • Petronas Nasional Bhd

Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Electric Vehicle Fluids Market related investment & spending and developments by major players of the market are tracked in this global report.


Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

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Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Electric Vehicle Fluids Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Electric Vehicle Fluids Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Electric Vehicle Fluids caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Electric Vehicle Fluids Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Electric Vehicle Fluids Market

v Identification of key factors driving investment opportunities in the Electric Vehicle Fluids Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

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