Electric Vehicle Fluids Market Size, Share 2024, Impressive Industry Growth Report 2031

The global electric vehicle fluids market is anticipated to grow at a considerable CAGR of 21.9% during the forecast period (2024-2031). The primary factor contributing towards the growth of the market is the rising shift of key market players towards e-fluids. Further, the rapidly growing competition among the market, as companies are inclining towards launching their products for electric vehicle fluids owing to the growing electric vehicle demand is another factor supporting the growth of the market. As per the data of the International Energy Agency (IEA) 2020, the sales of EV cars increased by more than 40% as compared to the sales of EV cars in 2019. Such demand has shown a huge potential in the market and has pushed market players to launch their own products.

Get Free Sample link @ https://www.omrglobal.com/request-sample/electric-vehicle-fluids-market

For instance, in May 2019, Shell launched a new range of fluids specifically designed to work in battery electric vehicles (EVs). These E-Transmission Fluids, E-Thermal Fluids, and E-Greases have made battery EVs perform better and be more efficient. Later, in October 2020, Royal Dutch Shell plc added fluids for light-, medium- and heavy-duty commercial EVs to its existing range of passenger car e-fluids. The newly available fluids were for fuel-cell and battery EVs and included transmission fluids, greases, and battery coolants.

Earlier in 2020, Fuchs Petrolub SE launched a dedicated range of fluid products for EVs called BluEV. The German independent joined a small but growing number of lubricant companies that are formulating fluids optimized for plug-ins and hybrids.

Full report of Electric Vehicle Fluids Market available @ https://www.omrglobal.com/industry-reports/electric-vehicle-fluids-market

Market Coverage

Segment Covered-

By Product Type
By Fill Type
By Vehicle Type
By Propulsion Type

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including BP p.l.c., ExxonMobil, Shell plc, TotalEnergies international group, Valvoline, and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Electric Vehicle Fluids Market Report Segment

By Product Type

Engine Oil
Coolants
Transmission Fluids
Greases

By Fill Type

First Fill
Service Fill

By Vehicle Type

Passenger Vehicle
Commercial Vehicle

By Propulsion Type

Hybrid Electric Vehicles (HEV)
Fuel Cell Electric Vehicles (FCEV)
Battery Electric Vehicles (BEV)

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-vehicle-fluids-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.