Electric Vehicle Fluids Market 2022-2028

Description

List of Tables

Global Electric Vehicle Fluids Market Size, Share & Trends Analysis Report by Product Type (Engine Oil, Coolants, Transmission Fluids, and Greases), by Fill Type (First Fill and Service Fill), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), and by Propulsion Type (Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, and Battery Electric Vehicle) Forecast (2022-2028)

The global electric vehicle fluids market is anticipated to grow at a substantial CAGR of 21.9% during the forecast period. One of the major factors that are fueling the market growing awareness and importance of fluids in the functioning of vehicles. Every vehicle requires a specific number of minimum fluids such as engine oil, lubricants, coolants, and others for proper functioning of the vehicle. Without these fluids, a vehicle cannot perform smoothly. Thus, with the rising demand for electric vehicles (EVs), the demand for EV fluids have also been increased significantly. For instance, in June 2021, Kixx, a brand of GS Caltex, launched a Kixx EV Fluid, a new brand of advanced fluids designed specifically for EVs to fulfill the demands of these cutting-edge EV. Kixx EV Fluid offers a range of products that includes both e-transmission fluid and e-thermal fluid designed to improve operational efficiency and protect essential components.

The global electric vehicle fluids market is segmented based on the product type, fill type, vehicle type, and propulsion type. Based on the product type, the market is segmented into the engine oil, coolants, transmission fluids, and greases. Based on the fill type, the market is sub-segmented into the first fill, and service fills. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. Based on the propulsion type, the market is segmented into a hybrid electric vehicle, fuel cell electric vehicle, and battery electric vehicle. The above-mentioned segments can be customized as per the requirements. Among the propulsion type segment, the Hybrid Electric Vehicles (HEV) segment is expected to hold prominent market share of the electric fluid market compared to other sub-segments. HEVs have a higher requirement for fluids owing to the presence of a combustion engine along with a battery system. Electric vehicles have three main fluids that incudes windscreen washer fluid, coolant fluid, and brake fluid. However, HEV requires more transmission fluid that needs to be changed regularly, which may restrain growth of the market.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is anticipated to hold prominent market share of the electric vehicle fluid market, due to the presence of key automotive players across the nations such as Germany, UK, and others. As per the data released by the International Energy Agency (IEA) 2020, Europe has 3.2 million units of EV cars stock while the US has 1.7 million EV cars stock.

The major companies serving the global electric vehicle fluids market include BP p.l.c., ExxonMobil, Shell plc, TotalEnergies international group, Valvoline, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2019, M&I Materials developed a MIVOLT is a new range of biodegradable dielectric fluids. It offers immersion cooling for charging points and electric vehicle (EV) batteries. It offers longer-range, higher-performance, and more environmentally friendly electric vehicles and associated infrastructure.

Research Methodology

The market study of the global electric vehicle fluids market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Electric Vehicle Fluids Market Research and Analysis by Product Type.

2. Global Electric Vehicle Fluids Market Research and Analysis by Fill Type.

3. Global Electric Vehicle Fluids Market Research and Analysis by Vehicle Type.

4. Global Electric Vehicle Fluids Market Research and Analysis by Propulsion Type.

The Report Covers:

Comprehensive Research Methodology of the global electric vehicle fluids market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global electric vehicle fluids market.
Insights about market determinants that are stimulating the global electric vehicle fluids market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026382

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Electric Vehicle Fluids Market
Recovery Scenario of Global Electric Vehicle Fluids Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. BP plc
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Exxon Mobil Corp.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Shell plc
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. TotalEnergies International Group
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Valvoline Inc.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Electric Vehicle Fluids Market by Product Type
- 4.1.1. Engine Oil
- 4.1.2. Coolants
- 4.1.3. Transmission Fluids
- 4.1.4. Greases
4.2. Global Electric Vehicle Fluids Market by Fill Type
- 4.2.1. First Fill
- 4.2.2. Service Fill
4.3. Global Electric Vehicle Fluids Market by Vehicle Type
- 4.3.1. Passenger Vehicle
- 4.3.2. Commercial Vehicle
4.4. Global Electric Vehicle Fluids Market by Propulsion Type
- 4.4.1. Hybrid Electric Vehicles (HEV)
- 4.4.2. Fuel Cell Electric Vehicles (FCEV)
- 4.4.3. Battery Electric Vehicles (BEV)

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. The 3M Co.
6.2. Afton Chemical Corp.
6.3. Dober
6.4. ENEOS Corp.
6.5. Engineered Fluids, Inc.
6.6. Fuchs Petrolub SE
6.7. Infineum International Ltd.
6.8. Klueber Lubrication Muenchen KG
6.9. M&I Materials Ltd.
6.10. MOTUL S.A.
6.11. PANOLIN AG
6.12. PETRONAS Lubricants International (PLI)
6.13. PTT Public Company Ltd. (PTT)
6.14. Repsol Group
6.15. The Lubrizol Corp.