E-Fluids Market Growth, Share, Revenue, Scope and Future Competition 2022-2032
E-Fluids Market Size- By Product Type, By Vehicle Type, By Propulsion, By Fill Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Jan-2023 | Report ID: CHEM2302 | Pages: 1 - 228 | Formats*: |
| Category : Chemical & Materials | |||
Global E-Fluids Market Overview
According to SPER Market Research, the Global E-Fluids Market is estimated to reach USD 15.13 billion by 2032 with a CAGR of 31.42%.
The fall in sales of internal combustion engine (ICE) vehicles is having a significant influence on the incredibly profitable automotive oils, fluids, and lubricants business. Demand for conventional lubricants and hydraulic fluids has sharply decreased, forcing the lubricant business and its aftermarket to scramble to diversify their sources of income. However, before you start writing their tombstone, keep in mind that electrified vehicles, including hybrid, electric, and fuel cell-powered ones, are growing in popularity as a potent new source of energy. A significant portion of new car sales are expected to be electric versions. To capitalize on this trend, the lubricants industry is diversifying into e-fluids that promise to enhance the performance, range, and durability of electric vehicles (EVs). Even if e-fluids' financial situation improves, not all participants or products will benefit from this success. As there are more electric vehicles on the road, it is projected that the market for their fluids will grow. The electricity required to run the motor of an electric car is stored in a battery pack. The fluids utilized in the engines of electric vehicles' motors have the ability to dissipate heat. Therefore, an engine that is cool increases efficiency. Fluids can also be utilized to regulate temperature in order to increase the lifespan of a vehicle.
Impact of COVID-19 on the Global E-Fluids Market
The world has seen unheard-of health issues as well as economic, social, and political turmoil since the COVID-19 (C-19) pandemic. The global community is presently analyzing a wide range of perspectives on the immediate effects of C-19 on every sector. Prior to the financial crisis, sales of electric cars (EVs) were increasing, with China and other developed nations in Europe and North America taking the lead. There are now regulatory systems in place that call for large carbon reductions. In order to encourage individuals to transition to EVs in the first stages of their expansion, governments have generously offered financial support and incentives. Apart from China and Europe, the global market for electric vehicles changed as consumers sought inexpensive items in the wake of the COVID-19 outbreak. The production of conventional vehicles was subsequently revived as a result. Manufacturers' investment and production choices were influenced by the potential shift in consumer preferences. In the end, the restart of production levels for both conventional and electric vehicles depended heavily on the recovery of demand, the activation of supply chains, and the availability of labor. Electric vehicle production in India has slowed down (EVs). While BS-VI car production was further hampered by restrictions on Chinese components, they concentrated on reviving demand at the same time. Short-term demand for EVs was tempered by lower discretionary income and a trend toward money saving.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By Vehicle Type, By Propulsion, By Fill Type |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | BP Plc., ENEOS Corp., ExxonMobil Corporation, FUCHS Petrolub AG, Petronas, PTT, Repsol S.A., Royal Dutch Shell Plc, TotalEnergies SE, Valvoline Inc. |
Target Audience-
- Automotive Companies
- E-Vehicle Manufacturers
- Oil & gas Companies
- Lubricant Manufacturers
- Research Institutes
- Academic Institutes
- Government Organizations
Global E-Fluids Market Segmentation:
1. By Product Type:
- Brake Fluid
- Coolants
- Greases
- Transmission Fluids
2. By Vehicle Type:
- Off-highway Vehicle
- On-highway Vehicle
3. By Propulsion:
- Battery EV
- Hybrid EV
4. By Fill Type:
- First Fill
- Service Fill
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global E-Fluids Market (FY’2019-FY’2032)
- Overview of Global E-Fluids Market
- Segmentation of Global E-Fluids Market By Product Type (Brake Fluid, Coolants, Greases, Transmission Fluids)
- Segmentation of Global E-Fluids Market By Vehicle Type (Off-highway Vehicle, On-highway Vehicle)
- Segmentation of Global E-Fluids Market By Propulsion (Battery EV, Hybrid EV)
- Segmentation of Global E-Fluids Market By Fill Type (First Fill, Service Fill)
- Statistical Snap of Global E-Fluids Market
- Growth Analysis of Global E-Fluids Market
- Problems and Challenges in Global E-Fluids Market
- Competitive Landscape in the Global E-Fluids Market
- Impact of COVID-19 and Demonetization on Global E-Fluids Market
- Details on Recent Investment in Global E-Fluids Market
- Competitive Analysis of Global E-Fluids Market
- Major Players in the Global E-Fluids Market
- SWOT Analysis of Global E-Fluids Market
- Global E-Fluids Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global E-Fluids Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global E-Fluids Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global E-Fluids Market
7. Global E-Fluids Market, By Product Type, 2019-2032 (USD Million)
7.1 Brake Fluid7.2 Coolants7.3 Greases7.4 Transmission Fluids
8. Global E-Fluids Market, By Vehicle Type, 2019-2032 (USD Million)
8.1 Off-highway Vehicle8.2 On-highway Vehicle
9. Global E-Fluids Market, By Propulsion, 2019-2032 (USD Million)
9.1 Battery EV9.2 Hybrid EV
10. Global E-Fluids Market, By Fill Type, 2019-2032 (USD Million)
10.1 First Fill10.2 Service Fill
11. Global E-Fluids Market, By Region, 2019-2032 (USD Million)
11.1 Global E-Fluids Size and Market Share by Region (2019-2025)11.2 Global E-Fluids Size and Market Share by Region (2026-2032)11.3 Asia-Pacific
11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe
11.5 Middle East & Africa
11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada11.6.2 Mexico11.6.3 United States
11.7 Latin America
11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12. Company Profiles
12.1 BP Plc.
12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments
12.2 ENEOS Corp.
12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments
12.3 ExxonMobil Corporation
12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments
12.4 FUCHS Petrolub AG
12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments
12.5 Petronas
12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments
12.6 PTT
12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments
12.7 Repsol S.A.
12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments
12.8 Royal Dutch Shell Plc
12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments
12.9 TotalEnergies SE
12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments
12.10 Valvoline Inc.
12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
E-Fluids Market is projected to reach USD 15.13 billion by 2032, growing at a CAGR of 31.42% during the forecast period.
E-Fluids Market grew in market size from 2021. The Market is expected to reach USD 15.13 billion by 2032, at a CAGR of 31.42% during the forecast period.
E-Fluids Market CAGR of 31.42% during the forecast period.
You can get the sample pages by clicking the link -Click Here
E-Fluids Market size is USD 15.13 billion from 2022 to 2032.
E-Fluids Market segment is Covered Segments Covered By Product Type, By Vehicle Type, By Propulsion, By Fill Type.
The North America region is anticipated to have the highest market share in the E-Fluids Market.
The key players in the market include Companies Covered BP Plc., ENEOS Corp., ExxonMobil Corporation, FUCHS Petrolub AG, Petronas, PTT, Repsol S.A., Royal Dutch Shell Plc, TotalEnergies SE, Valvoline Inc.
The electricity required to run the motor of an electric car is stored in a battery pack. The fluids utilized in the engines of electric vehicles' motors have the ability to dissipate heat. Therefore, an engine that is cool increases efficiency.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
