Fluid and Lubricants for Electric Vehicle Market Bifurcations, Drivers, Restraints, and Trends Forecast 2024-2030

MarkNtel Advisors – Leading Market Research Company found Global Fluid and Lubricants for Electric Vehicle Market is expected to reach 30.4% CAGR Growth By 2030.

This report provides a comprehensive analysis of the Global Fluid and Lubricants for Electric Vehicle Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the Fluid and Lubricants for Electric Vehicle Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  - https://www.marknteladvisors.com/query/request-sample/global-fluid-and-lubricants-for-electric-vehicle-market.html

Scope of the Fluid and Lubricants for Electric Vehicle Market Report:

The Global Fluid and Lubricants for Electric Vehicle Market size is estimated to grow at a CAGR of around 30.4% during the forecast period, i.e., 2024-30. The market has been experiencing robust growth due to the rising demand for efficient and long-lasting fluids tailored for electric vehicles (EVs). Key components within an EV, such as battery systems and electric motors, generate considerable heat during operation. This has led to the development of innovative lubricants equipped with specific additives and dielectric properties that are suited to the unique mechanics of electric vehicles. Common fluid types designed to optimize EV functionality include greases, heat transfer fluids, drive system fluids, and brake fluids. As the industry continues to advance, there is a growing emphasis on creating more effective thermal cooling systems, which are crucial for supporting future market growth & expansion.

Which prominent factor is expected to drive the Fluid and Lubricants for Electric Vehicle Market during 2024-30?

Expansion of Electric Vehicle Manufacturing Units to Boost Market Growth – Over the past few years, the adoption of electric automobiles increased substantially owing to the growing greenhouse emissions & the incentives provided for the purchase of electric automobiles. As per the statistics by the IEA, global electric car sales in 2023 reached around 14 million, an increase of about 35% compared to 2022. This mounting electric vehicle demand is necessitating the top companies to ramp up their production capabilities and expand their manufacturing units. Thus, generating a demand for the necessary fluids & lubricants directly from the original equipment manufacturers and enlarging the market size.

Further, authorities across the globe are also easing corporate taxes & providing favorable business environments. Owing to this, several market players are actively constructing their EV manufacturing units. In 2023, PMI Electro announced to setting up of a commercial EV manufacturing plant in Maharashtra, India. These rising establishment of EV production units would continue to boost the demand for Fluids, engine oils, and other lubricants, uplifting the market growth in the forthcoming years.

What are the different Segment Available in the Fluid and Lubricants for Electric Vehicle Market?

By Product Type

• Engine Oil- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Greases- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Heat Transfer Fluid- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Coolants- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Others (Transmission Fluids, Brake Fluids, etc.) - Market Size & Forecast 2019-2030F, (Thousand Tons)

By Demand Type

• OEM- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Aftermarket- Market Size & Forecast 2019-2030F, (Thousand Tons)

By Vehicle Type

• Passenger Vehicle - Market Size & Forecast 2019-2030F, (Thousand Tons)
• Commercial Vehicle- Market Size & Forecast 2019-2030F, (Thousand Tons)
  • Light Commercial Vehicle- Market Size & Forecast 2019-2030F, (Thousand Tons)
  • Medium & Heavy Commercial Vehicle- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Others (Two-Wheeler Vehicle, Three-Wheeler Vehicle, etc.)- Market Size & Forecast 2019-2030F, (Thousand Tons)

By Propulsion Type

• Battery Electric Vehicles (BEVs)- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Hybrid Electric Vehicles (HEVs)- Market Size & Forecast 2019-2030F, (Thousand Tons)
• Plug-In Hybrid Electric Vehicles (PHEVs)- Market Size & Forecast 2019-2030F, (Thousand Tons)

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-fluid-and-lubricants-for-electric-vehicle-market.html

Leading Fluid and Lubricants for Electric Vehicle companies operating in the Market

• 3M
• Exxon Mobil Corporation
• Valvoline Inc.
• Afton Chemicals
• Dober
• Infinium International
• Klüber Lubrication
• M&I Materials Limited
• Motul
• FUCHS
• Engineered Fluids
• PolySi Technologies Inc.
• Lubrizol
• Castrol
• Panolin International Inc.
• Petronas
• Royal Dutch Shell
• Total Lubricants
• Others.

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