Global Electric Vehicle Fluid market anticipated propelling by the growing demand for Electric vehicles across the globe
Global Electric Vehicle Fluid market likely to grow with a notable rate during the forecast period, 2020-2027. It is owing to various government policies and regulations towards electric vehicles regarding carbon emissions and fuel economy. The transition to EVs will have implications for the entire lubricant market. The oil manufacturing companies developing gear oils, coolants and greases encounter electrical modules, sensors, and circuits, insulating materials or special plastics that are themselves exposed to electromagnetic fields.
Additionally, the declining prices of battery and the growing consumer's preferences for electric vehicles will be estimated to trigger the global electric vehicle fluid in the future timeline. According to the World Economic Forum, electric vehicle sales anticipated to surpass those of traditional vehicles by 2038, the global fleet of EVs is expected to surpass one billion by 2047. Furthermore, electric vehicles accounted for 4% of all 28.1 million automobiles sold in China last in 2018, and the government is setting its sights on EVs, making up 10% of all passenger car sales in 2019, rising to 12% in 2020.
Furthermore, the declining cost of batteries, which encouraging EV makers as they are putting more and more new EVs on roads that require more EV fluids. EV fluids have longer cycles compared to the Internal Combustion Engine (ICE) fluid, meaning less frequent refills. Additionally, the EVs and hybrid vehicles will require standard fluid becoming inadequate and requiring specialized EV fluids which have dielectric property.
Fluid Type Overview in the Global Electric Vehicle Fluid Market
Based on fluid type, the global Electric Vehicle Fluid market classified into Drivetrain Fluid, Power Steering Fluid, Brake Fluid, Air Conditioning Coolant/Refrigerants, Grease, and Others (Oil Additives, Washer Fluid). The Drivetrain Fluid segment likely to lead the market by 2027 as a result of the need for a wide range of heat transfer applications. They have an ideal thermal performance, Ultra-low viscosity, direct cooling and lubrication balance, and material compatibility (e.g., copper corrosion).
Vehicle Type Overview in the Global Electric Vehicle Fluid market
Based on vehicle type, the global Electric Vehicle Fluid market categorized into Passenger Vehicle (Hatch Back, Sedan Cars, LUV, and SUV), Commercial Vehicle (Light Commercial Vehicle and Heavy Commercial Vehicle), Off-Road Vehicle (Agricultural Vehicle, Construction Vehicle, and All-Terrain Vehicles), and Two-Wheeler. The Passenger Vehicle segment likely to lead the market by 2027 due to the rapid pace of urbanization, and government rules and regulations towards electric vehicles will lead to demand for passenger cars in developing and developed countries.
Sales Channel Overview in the Global Electric Vehicle Fluid Market
Based on Sales Channel, the global Electric Vehicle Fluid market bifurcated into OEM and Aftermarket. The Aftermarket segment projected to lead the market due to the major oil manufacturing companies started production of electric vehicles lubricants for its whole system. Aftermarket will flourish by the surge in demand for electric vehicles.
Electric Vehicle Type Overview in the Global Electric Vehicle Fluid Market
Based on Electric Vehicle Type, the global Electric Vehicle Fluid market classified into BEV, PHEV, and HEV. PHEV segments estimated to dominate the market by 2027 due to its features like the combination of a gasoline or diesel engine with an electric motor and a large rechargeable battery that require fluids to improve powertrain performance.
Regional Overview in the Global Electric Vehicle Fluid Market
By geography, the Global Electric Vehicle Fluid Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific will be the fastest-growing region on account of the surge in the automotive industry across countries such as China, Japan, and South Korea and the development of the advanced electric vehicle. Additionally, the government's rules for reducing carbon emission and forcing electric vehicles are expected to propel the growth of electric vehicles.
Global Electric Vehicle Fluid Market: Competitive Landscape
Companies such as Total S.A., Royal Dutch Shell PLC, Castrol Limited, Valvoline Inc., Exxon Mobil Corporation, PETRONAS, Lubrizol Corporation, 3M, Idemitsu Kosan Co., Ltd, and Norma Group are the key players in the Global Electric Vehicle Fluid Market.
Global Electric Vehicle Fluid Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Regulatory Framework 4.6. Company market share analysis, 2019 4.7. Porter's Five forces analysis 4.8. New Investment Analysis 4.9. PESTEL Analysis 5. Global EV Fluid Market Overview 5.1. Market Size & Forecast, 2018-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.1.2. Consumption 5.1.2.1. By Volume (Liters) 5.2. Market Share & Forecast, 2018-2027 5.2.1. By Fluid Type 5.2.1.1. Drivetrain Fluid 5.2.1.2. Power Steering Fluid 5.2.1.3. Brake Fluid 5.2.1.4. Air Conditioning Coolant/Refrigerants 5.2.1.5. Grease 5.2.1.6. Others (Oil Additives, Washer Fluid.) 5.2.2. By Vehicle Type 5.2.2.1. Passenger Vehicle 5.2.2.1.1. Hatch Back 5.2.2.1.2. Sedan Cars 5.2.2.1.3. LUV 5.2.2.1.4. SUV 5.2.2.2. Commercial Vehicle 5.2.2.2.1. Light Commercial Vehicle 5.2.2.2.2. Heavy Commercial Vehicle 5.2.2.3. Off Road Vehicles 5.2.2.3.1. Agricultural Vehicle 5.2.2.3.2. Construction Vehicle 5.2.2.3.3. All-Terrain Vehicle 5.2.2.4. Two-Wheeler 5.2.3. By Electric Vehicle Type 5.2.3.1. BEV 5.2.3.2. PHEV 5.2.3.3. HEV 5.2.4. By Price Segment 5.2.4.1. Economy 5.2.4.2. Medium 5.2.4.3. Luxury 5.2.5. By Sales Channel 5.2.5.1. OEM 5.2.5.2. Aftermarket 5.2.6. By Region 5.2.6.1. North America 5.2.6.2. Europe 5.2.6.3. Asia Pacific 5.2.6.4. South America 5.2.6.5. Middle East & Africa 6. North America EV Fluid Market Overview 6.1. North America EV Fluid Market Size & Forecast, 2018-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.1.2. Consumption 6.1.2.1. By Volume (Liters) 6.2. North America EV Fluid Market Share & Forecast, 2018-2027 6.2.1. By Fluid Type 6.2.1.1. Drivetrain Fluid 6.2.1.2. Power Steering Fluid 6.2.1.3. Brake Fluid 6.2.1.4. Air Conditioning Coolant/Refrigerants 6.2.1.5. Grease 6.2.1.6. Others (Oil Additives, Washer Fluid.) 6.2.2. By Vehicle Type 6.2.2.1. Passenger Vehicle 6.2.2.1.1. Hatch Back 6.2.2.1.2. Sedan Cars 6.2.2.1.3. LUV 6.2.2.1.4. SUV 6.2.2.2. Commercial Vehicle 6.2.2.2.1. Light Commercial Vehicle 6.2.2.2.2. Heavy Commercial Vehicle 6.2.2.3. Off Road Vehicles 6.2.2.3.1. Agricultural Vehicle 6.2.2.3.2. Construction Vehicle 6.2.2.3.3. All-Terrain Vehicle 6.2.2.4. Two-Wheeler 6.2.3. By Electric Vehicle Type 6.2.3.1. BEV 6.2.3.2. PHEV 6.2.3.3. HEV 6.2.4. By Price Segment 6.2.4.1. Economy 6.2.4.2. Medium 6.2.4.3. Luxury 6.2.5. By Sales Channel 6.2.5.1. OEM 6.2.5.2. Aftermarket 6.2.6. By Country 6.2.6.1. US 6.2.6.2. Canada 6.2.6.3. Mexico 6.2.7. Price-Point Analysis 6.2.8. Manufacturer & Distributor List (Top 5) 6.2.9. Company Market Share (Top 3-5) 6.2.10. Economic Impact Study on North America EV Fluid Market 7. Europe EV Fluid Market Overview 7.1. Europe EV Fluid Market Size & Forecast, 2018-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.1.2. Consumption 7.1.2.1. By Volume (Thousands Unit) 7.1.3. Supply/Production 7.1.3.1. By Volume (Thousands Unit) 7.2. Europe EV Fluid Market Share & Forecast, 2018-2027 7.2.1. By Fluid Type 7.2.1.1. Drivetrain Fluid 7.2.1.2. Power Steering Fluid 7.2.1.3. Brake Fluid 7.2.1.4. Air Conditioning Coolant/Refrigerants 7.2.1.5. Grease 7.2.1.6. Others (Oil Additives, Washer Fluid.) 7.2.2. By Vehicle Type 7.2.2.1. Passenger Vehicle 7.2.2.1.1. Hatch Back 7.2.2.1.2. Sedan Cars 7.2.2.1.3. LUV 7.2.2.1.4. SUV 7.2.2.2. Commercial Vehicle 7.2.2.2.1. Light Commercial Vehicle 7.2.2.2.2. Heavy Commercial Vehicle 7.2.2.3. Off Road Vehicles 7.2.2.3.1. Agricultural Vehicle 7.2.2.3.2. Construction Vehicle 7.2.2.3.3. All-Terrain Vehicle 7.2.2.4. Two-Wheeler 7.2.3. By Electric Vehicle Type 7.2.3.1. BEV 7.2.3.2. PHEV 7.2.3.3. HEV 7.2.4. By Price Segment 7.2.4.1. Economy 7.2.4.2. Medium 7.2.4.3. Luxury 7.2.5. By Sales Channel 7.2.5.1. OEM 7.2.5.2. Aftermarket 7.2.6. By Country 7.2.6.1. Germany 7.2.6.2. UK 7.2.6.3. France 7.2.6.4. Italy 7.2.6.5. Rest of Europe 7.2.7. Price-Point Analysis 7.2.8. Manufacturer & Distributor List (Top 5) 7.2.9. Company Market Share (Top 3-5) 7.2.10. Economic Impact Study on Europe EV Fluid Market 8. Asia Pacific EV Fluid Market Overview 8.1. Asia Pacific EV Fluid Market Size & Forecast, 2018-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.1.2. Consumption 8.1.2.1. By Volume (Liters) 8.2. Asia Pacific EV Fluid Market Share & Forecast, 2018-2027 8.2.1. By Fluid Type 8.2.1.1. Drivetrain Fluid 8.2.1.2. Power Steering Fluid 8.2.1.3. Brake Fluid 8.2.1.4. Air Conditioning Coolant/Refrigerants 8.2.1.5. Grease 8.2.1.6. Others (Oil Additives, Washer Fluid.) 8.2.2. By Vehicle Type 8.2.2.1. Passenger Vehicle 8.2.2.1.1. Hatch Back 8.2.2.1.2. Sedan Cars 8.2.2.1.3. LUV 8.2.2.1.4. SUV 8.2.2.2. Commercial Vehicle 8.2.2.2.1. Light Commercial Vehicle 8.2.2.2.2. Heavy Commercial Vehicle 8.2.2.3. Off Road Vehicles 8.2.2.3.1. Agricultural Vehicle 8.2.2.3.2. Construction Vehicle 8.2.2.3.3. All-Terrain Vehicle 8.2.2.4. Two-Wheeler 8.2.3. By Electric Vehicle Type 8.2.3.1. BEV 8.2.3.2. PHEV 8.2.3.3. HEV 8.2.4. By Price Segment 8.2.4.1. Economy 8.2.4.2. Medium 8.2.4.3. Luxury 8.2.5. By Sales Channel 8.2.5.1. OEM 8.2.5.2. Aftermarket 8.2.6. By Country 8.2.6.1. China 8.2.6.2. India 8.2.6.3. Japan 8.2.6.4. Australia 8.2.6.5. Rest of Asia Pacific 8.2.7. Price-Point Analysis 8.2.8. Manufacturer & Distributor List (Top 5) 8.2.9. Company Market Share (Top 3-5) 8.2.10. Economic Impact Study on Asia Pacific EV Fluid Market 9. South America EV Fluid Market Overview 9.1. South America EV Fluid Market Size & Forecast, 2018-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.1.2. Consumption 9.1.2.1. By Volume (Liters) 9.2. South America EV Fluid Market Share & Forecast, 2018-2027 9.2.1. By Fluid Type 9.2.1.1. Drivetrain Fluid 9.2.1.2. Power Steering Fluid 9.2.1.3. Brake Fluid 9.2.1.4. Air Conditioning Coolant/Refrigerants 9.2.1.5. Grease 9.2.1.6. Others (Oil Additives, Washer Fluid.) 9.2.2. By Vehicle Type 9.2.2.1. Passenger Vehicle 9.2.2.1.1. Hatch Back 9.2.2.1.2. Sedan Cars 9.2.2.1.3. LUV 9.2.2.1.4. SUV 9.2.2.2. Commercial Vehicle 9.2.2.2.1. Light Commercial Vehicle 9.2.2.2.2. Heavy Commercial Vehicle 9.2.2.3. Off Road Vehicles 9.2.2.3.1. Agricultural Vehicle 9.2.2.3.2. Construction Vehicle 9.2.2.3.3. All-Terrain Vehicle 9.2.2.4. Two-Wheeler 9.2.3. By Electric Vehicle Type 9.2.3.1. BEV 9.2.3.2. PHEV 9.2.3.3. HEV 9.2.4. By Price Segment 9.2.4.1. Economy 9.2.4.2. Medium 9.2.4.3. Luxury 9.2.5. By Sales Channel 9.2.5.1. OEM 9.2.5.2. Aftermarket 9.2.6. By Country 9.2.6.1. Brazil 9.2.6.2. Argentina 9.2.6.3. Rest of South America 9.2.7. Price-Point Analysis 9.2.8. Manufacturer & Distributor List (Top 5) 9.2.9. Company Market Share (Top 3-5) 9.2.10. Economic Impact Study on South America EV Fluid Market 10. Middle East & Africa EV Fluid Market Overview 10.1. Middle East & Africa EV Fluid Market Size & Forecast, 2018-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.1.2. Consumption 10.1.2.1. By Volume (Liters) 10.2. Middle East & Africa EV Fluid Market Share & Forecast, 2018-2027 10.2.1. By Fluid Type 10.2.1.1. Drivetrain Fluid 10.2.1.2. Power Steering Fluid 10.2.1.3. Brake Fluid 10.2.1.4. Air Conditioning Coolant/Refrigerants 10.2.1.5. Grease 10.2.1.6. Others (Oil Additives, Washer Fluid.) 10.2.2. By Vehicle Type 10.2.2.1. Passenger Vehicle 10.2.2.1.1. Hatch Back 10.2.2.1.2. Sedan Cars 10.2.2.1.3. LUV 10.2.2.1.4. SUV 10.2.2.2. Commercial Vehicle 10.2.2.2.1. Light Commercial Vehicle 10.2.2.2.2. Heavy Commercial Vehicle 10.2.2.3. Off Road Vehicles 10.2.2.3.1. Agricultural Vehicle 10.2.2.3.2. Construction Vehicle 10.2.2.3.3. All-Terrain Vehicle 10.2.2.4. Two-Wheeler 10.2.3. By Electric Vehicle Type 10.2.3.1. BEV 10.2.3.2. PHEV 10.2.3.3. HEV 10.2.4. By Price Segment 10.2.4.1. Economy 10.2.4.2. Medium 10.2.4.3. Luxury 10.2.5. By Sales Channel 10.2.5.1. OEM 10.2.5.2. Aftermarket 10.2.6. By Country 10.2.6.1. Saudi Arabia 10.2.6.2. UAE 10.2.6.3. South Africa 10.2.6.4. Rest of Middle East & Africa 10.2.7. Price-Point Analysis 10.2.8. Manufacturer & Distributor List (Top 5) 10.2.9. Company Market Share (Top 3-5) 10.2.10. Economic Impact Study on Middle East & Africa EV Fluid Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1.1. Total S.A. 11.7.1.2. Royal Dutch Shell PLC 11.7.1.3. Castrol Limited 11.7.1.4. Valvoline Inc. 11.7.1.5. Exxon Mobil Corporation 11.7.1.6. PETRONAS 11.7.1.7. Lubrizol Corporation 11.7.1.8. 3M 11.7.1.9. Idemitsu Kosan Co., Ltd 11.7.1.10. Norma Groupare 11.7.1.11. Other Prominent Players
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