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.
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