Electric Vehicles Fluids and Lubricants Market

Electric Vehicles Fluids and Lubricants Market by Future Prospects, Product Type (Grease, Brake Fluid, Heat Transfer Fluid, Drive System Fluid) by Distribution Channel Growth, & Competitive Analysis, 2023-2031.

Chemical & Material | November 2022 | Report ID: EMR002 | Pages: 190

The fluids and lubricants market used in electric vehicles is expected to grow from USD 2.15 billion in 2022 to USD 4.71 billion in 2031. Over the course of the forecast period, a CAGR of more than 20.08% is anticipated. Globally, the automobile industry has seen a significant change as a result of the introduction of Electric Vehicles (EVs) and Hybrids. Standard fluids can no longer efficiently retain their heat resistance, robustness, safety, and cooling capacity as electric vehicles (EVs) become more powerful and have better battery ranges and charging speeds. EVs, like conventional cars, need lubricants that can satisfy the particular needs of their powertrains. Determining EV-only fluids and lubricants with dielectric properties, material protection & thermal qualities, and standard lubrication is therefore a goal of the major firms in the sector.

Market Growth

The main factor anticipated to propel the Global Fluid and Lubricants for Electric Vehicle Market over the forecast period is the growing demand for efficient & dependable EV fluids & lubes to improve EV performance & driving experience. Another key factor that will increase the market growth is the increased demand for better thermal management in EVs. The various EV parts, such as the electric motors and battery systems, produce a lot of heat when driving, necessitating effective thermal management in EVs and requiring periodic Coolant Fluid topping off. Thus, it is anticipated that the aforementioned factors will dominate the market in the years to come.

Market Dynamics 

Market Drivers

The expansion of the heat transfer fluids market, which is anticipated to see considerable CAGR during the projected period, is being driven by the growing use of coolant fluid for thermal management systems in electric vehicles. Due to growing partnerships between automotive OEMs and significant fluid suppliers to supply fluids for their electric vehicles to improve driving experience, the OEMs segment is anticipated to enjoy considerable revenue growth over the course of the projection period.

Due to the growing acceptance of HEVs in developed and developing nations to reduce carbon emissions, the hybrid electric vehicle (HEV)/plug-in hybrid electric vehicle (PHEV) category is anticipated to have considerable increase in terms of market share over the forecast period.

Market Challenges

Due to the severe travel restrictions and lockdown enforced by governments around the world to stop the virus' transmission, COVID-19 had a massive and unprecedented influence on the automotive industry in 2020, which resulted in a steady decline in demand for EVs in all regions. It resulted in restrictions on cross-border trade and the closure of various manufacturing facilities, which had a significant negative impact on exports and imports of products and services and huge financial losses. The high cost of EVs and associated fluids, together with a number of obstacles to creating immersion-cooling batteries for effective thermal management, may prevent the market from expanding between 2023 and 2031.

Market Opportunities

The development of more effective thermal cooling systems is anticipated to assist market growth moving forward. Electric vehicle battery systems and e-motors produce heat while the vehicle is in use. In the near future, it is anticipated that market growth would be further accelerated by automakers in developing nations focusing more on the production of electric vehicles. For instance, the Volkswagen Group announced its intention to produce 22 million electric vehicles by 2026, half of which will be produced in China.

 

Report Attribute

Details

Projected CAGR in %

20.08%

Estimated Market Value (2031)

4.71 Billion

Base Year

2022

Forecast Years

2023 - 2031

Segments Covered

By Product Type, BY Distribution Channel, By Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

 

Competitive Landscape

Exxon Mobil Corporation, Valvoline Inc., Afton Chemicals, Dober, Infineum International Limited, Klüber Lubrication, M&I Materials Limited, Motul, FUCHS, Engineered Fluids, PolySi Technologies Inc., Lubrizol, Castrol, Panolin International Inc., Petronas, Royal Dutch Shell, Total Lubricants, and others are among the major market participants with a sizable market share.

Regional Analysis

The North America, South America, Asia-Pacific, Europe, Middle East, and Africa regions all contribute to the global market for fluids and lubricants for electric vehicles. Asia-Pacific has the greatest potential of all of them to control the largest share of the market from 2023 to 2031. The alarming rate of CO2 emissions caused by developing nations like India, China, and Malaysia as a result of overcrowding and vast industrial operations is mostly to blame for the growing shift in consumer behavior toward ecologically friendly lifestyles. The primary cause of the fastest market development in Europe is the numerous steps taken by the governments of the UK, Germany, and France to reduce carbon emissions and educate the public about the advantages of using EVs. It has caused a quick uptake of fuel-efficient automobiles in the area, which has in turn increased demand for and production of the fluids and lubricants needed for them.

Report Segmentation 

Product Insight

On the international market, there are four different product types: grease, brake fluid, heat transfer fluid, and drive system fluid. Revenue growth is anticipated to be required in the brake fluids industry in the following years. The most typical operating mode of electric vehicles is known as regenerative braking. Mechanical regenerative brakes, on the other hand, are not frequently used; instead, such vehicles include normal brake discs, necessitating the presence of braking fluid inside the car.

Distribution Channel Insight 

The two main Distribution Channels in this market are OEMs and Aftermarket. In terms of distribution channels, OEMs had the most market share in 2022. Due to increased collaborations between major fluid suppliers and automotive OEMs to provide fluids for their EVs to improve the driving experience, it is predicted that the OEMs segment would grow significantly in terms of revenue in the upcoming year.

Recent Development

  • In September 2019, with the debut of EV Performance Fluids, Valvoline Inc. began producing products tailored specifically for electric vehicles. In order to satisfy the special needs of electric vehicles, the global product line includes EV braking fluid, EV grease, EV heat transfer fluid, and EV drive system fluid.
  • In September 2019, Exxon Mobil Corporation introduced its Mobil EV offering, which consists of greases and fluids created to meet the changing requirements of battery electric vehicles.

Segmentations

By Product Type 

  • Grease
  • Brake Fluid
  • Heat Transfer Fluid
  • Drive System Fluid

By Distribution Channel

  • OEMs
  • Aftermarket

By Region

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

FAQ’s

 

Q1. What is the size of the market for lubricants and fluids for electric vehicles

     In 2031, it is anticipated that the market for wireless electric vehicle (EV) charging systems will amount to $4.71 billion USD.

 

Q2. What is the CAGR for the fluids and lubricants market for electric vehicles

     Over the next years, the market for fluids and lubricants for electric vehicles is anticipated to register a 20.08% CAGR.

 

Q3. What time frame is the market for fluids and lubricants for electric vehicles projected to cover

     The publication date range is 2023–2031.

 

Q4. What base year is taken into account for the market for fluids and lubricants for electric vehicles

     This report's base year is 2022.

 

Q5. Who are the major players in this market

    The major market players with a significant market share include Exxon Mobil Corporation, Valvoline Inc., Afton Chemicals, Dober, Infineum International Limited, Klüber Lubrication, M&I Materials Limited, Motul, FUCHS, Engineered Fluids, PolySi Technologies Inc., Lubrizol, Castrol, Panolin International Inc., Petronas, Royal Dutch Shell, Total Lubricants, and others.

Chapter 1 INTRODUCTION

1.1 OBJECTIVE OF THE STUDY

1.2 KEY QUESTIONS ANSWERED IN THIS REPORT

1.2.1 CURRENCY AND PRICING

1.2.2 GEOGRAPHIC SCOPE

1.2.3 YEARS CONSIDERATION

Chapter 2 Research Methodology

2.1 Research Methodology

2.2 MARKET RESEARCH APPROACHES

2.3 RESEARCH ASSUMPTION

Chapter 3 EXECUTIVE SUMMARY

3.1 KEY INSIGHTS OF THE STUDY

3.2 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: BY TYPE MARKET SHARE IN 2021

3.2.1 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: BY TYPE MARKET SHARE IN 2021

3.3 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: BY PROPULSION MARKET SHARE IN 2021

3.3.1 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: BY PROPULSION MARKET SHARE IN 2021

3.4 COMPETITIVE GRID

Chapter 4 PREMIUM INSIGHT

4.1 MARKET ATTRACTIVENESS ANALYSIS

4.2 INDUSTRY SWOT ANALYSIS

4.2.1 STRENGTHS

4.2.2 WEAKNESSES

4.2.3 OPPORTUNITIES

4.2.4 THREATS

4.3 MARKET ANALYSIS BY REGION

4.4 PORTER’S FIVE FORCES ANALYSIS

4.4.1 THREAT OF NEW ENTRANTS

4.4.2 BARGAINING POWER OF SUPPLIERS

4.4.3 BARGAINING POWER OF BUYERS

4.4.4 THREAT OF SUBSTITUTES

4.4.5 INTENSITY OF COMPETITIVE RIVALRY

4.5 COUNTRY LEVEL ANALYSIS

4.6 MICRO AND MARCO FACTORS AFFECTING THE MARKET

4.7 PESTLE ANALYSIS

4.8 IMPACT OF COVID-19 ON THE Electric Vehicle Fluids and Lubricant MARKET

4.9 VALUE CHAIN ANALYSIS

4.9.1 TYPE SUPPLIERS

4.9.2 OUTDOOR POWER EQUIPMENT MANUFACTURERS

4.9.3 DISTRIBUTORS AND RETAILERS

4.9.4 END-USE INDUSTRYS

4.9.5 POST-SALES SERVICE PROVIDERS

4.10 APPLICATION ANALYSIS

4.11 CUSTOMERS/BUYERS BY REGIONS

4.12 AVERAGE SELLING PRICE ANALYSIS

Chapter 5 MARKET OVERVIEW AND KEY DYNAMICS

5.1 MARKET DYNAMICS

5.1.1 DRIVERS

5.1.2 RESTRAINTS

5.1.3 OPPORTUNITIES

5.1.4 CHALLENGES

5.2 INDUSTRY TREND

Chapter 6 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE

6.1 INTRODUCTION

6.1.1 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION)  (2018-2030), CAGR (%) (2022-2030)

Chapter 7 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION

7.1 INTRODUCTION

7.1.1 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

Chapter 8 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY REGION

8.1 Introduction

8.1.1 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY REGIONR EVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

8.1.2 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

8.1.3 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

8.1.3.1 NORTH AMERICA

8.1.3.2 EUROPE

8.1.3.3 APAC

8.1.3.4 SOUTH AMERICA

8.1.3.5 MEA

Chapter 9 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY

9.1 Introduction

9.1.1 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

9.1.2 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD  MILLION) (2018-2030), CAGR (%) (2022-2030)

9.1.3 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

9.1.3.1 US

9.1.3.2 CANADA

9.1.3.3 MEXICO

Chapter 10 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY

10.1 Introduction

10.1.1 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

10.1.2 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

10.1.3 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

10.1.3.1 GERMANY

10.1.3.2 U. K

10.1.3.3 FRANCE

10.1.3.4 ITALY

10.1.3.5 SPAIN

10.1.3.6 SWEDEN

10.1.3.7 BEJGIUM

10.1.3.8 TURKEY

10.1.3.9 RUSSIA

10.1.3.10 POLAND

10.1.3.11 SWITZERLAND

10.1.3.12 NETHERLANDS

10.1.3.13 REST OF EUROPE

Chapter 11 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY

11.1 Introduction

11.1.1 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

11.1.2 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

11.1.3 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

11.1.3.1 JAPAN

11.1.3.2 CHINA

11.1.3.3 INDIA

11.1.3.4 AUSTRALIA

11.1.3.5 SOUTH KOREA

11.1.3.6 VIETNAM

11.1.3.7 NEW ZELAND

11.1.3.8 PHILIPPINES

11.1.3.9 TAIWAN

11.1.3.10 SINGAPORE

11.1.3.11 REST OF ASIA PACIFIC

Chapter 12 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY

12.1 Competitive Environment, 2020

12.1.1 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE  (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

12.1.2 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

12.1.3 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

12.1.3.1 BRAZIL

12.1.3.2 ARGENTINA

12.1.3.3 CHILE

12.1.3.4 COLOMBIA

12.1.3.5 REST OF SOUTH AMERICA

Chapter 13 MIDDLE EAST & AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY

13.1 Competitive Environment, 2020

13.1.1 MIDDLE EAST & AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

13.1.2 MIDDLE EAST AND AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

13.1.3 MIDDLE EAST AND AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

13.1.3.1 SOUTH AFRICA

13.1.3.2 U.A.E

13.1.3.3 SAUDI ARABIA

13.1.3.4 OMAN

13.1.3.4 REST OF MIIDLE EAST AND AFRICA

Chapter 14 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: COMPANY PROFILING

14.1 Afton Chemicals

14.1.1 COMPANY OVERVIEW

14.1.2 REVENUE ANALYSIS

14.1.3 GEOGRAPHICAL PRESENCE

14.1.4 TYPE PORTFOLIO

14.1.5 RECENT DEVELOPMENT

14.2 Engineered Fluids

14.3 Dober

14.4 Infineum International Limited

14.5 Klüber Lubrication

14.6 M&I Materials Limited

14.7 Panolin AG

14.8 CASTROL Limited

14.9 3M

14.10 Motul

14.11 Electrolube

14.12 Exxon Mobil Corporation

14.13 The Lubrizol Corporation

14.14 Petronas

14.15 PolySi Technologies Inc.

14.16 Shell plc

14.17 TotalEnergies SE

14.18 Valvoline Inc.

14.19 FUCHS

14.20 Others

List of Figures

FIG. 1 GEOGRAPHIC SCOPE

FIG. 2 YEARS CONSIDERATION

FIG. 3 RESEARCH METHODOLOGY

FIG. 4 SECONDARY RESOURCES

FIG. 5 CONSULTATION WITH KEY OPINION LEADERS/ INDUSTRY EXPERTS

FIG. 6 TOP-DOWN APPROACH

FIG. 7 BOTTOM-UP APPROACH

FIG. 8 DATA TRANGULATION

FIG. 9 DATA TRANGULATION

FIG. 10 DATA TRANGULATION

FIG. 11 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: BY TYPE MARKET SHARE IN 2021

FIG. 12 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: BY PROPULSION MARKET SHARE IN 2021

FIG. 13 COMPETITIVE GRID

FIG. 14 GLOBAL Electric Vehicle Fluids and Lubricant MARKET ATTRACTIVENESS: BY REGION

FIG. 15 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: SWOT ANALYSIS

FIG. 16 GLOBAL Electric Vehicle Fluids and Lubricant MARKET SHARE: BY REGION

FIG. 17 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: PORTER’S FIVE FORCES ANALYSIS

FIG. 18 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: COUNTRY LEVEL ANALYSIS

FIG. 19 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: MICRO AND MARCO FACTORS AFFECTING THE MARKET

FIG. 20 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: PESTLE ANALYSIS MARKET

FIG. 21 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: IMPACT OF COVID-19

FIG. 22 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: VALUE CHAIN ANALYSIS

FIG. 23 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: APPLICATION ANALYSIS

FIG. 24 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: DROCS

FIG. 25 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: INDUSTRY TREND

FIG. 26 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE

FIG. 27 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION

FIG. 28 GLOBAL Electric Vehicle Fluids and Lubricant MARKET: REGION MARKET ANALYSIS

FIG. 29 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET: COUNTRY MARKET ANALYSIS

FIG. 30 EUROPE Electric Vehicle Fluids and Lubricant MARKET: COUNTRY MARKET ANALYSIS

FIG. 31 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET: COUNTRY MARKET ANALYSIS

FIG. 32 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET: COUNTRY MARKET ANALYSIS

FIG. 33 MIDDLE EAST & AFRICA Electric Vehicle Fluids and Lubricant MARKET: COUNTRY MARKET ANALYSIS

FIG. 34 COMPANY SNAPSHOT

FIG. 35 COMPANY INFORMATION

 

List of Tables

TABLE 1 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 2 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 3 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 4 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 5 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY REGIONREVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 6 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 7 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 8 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 9 GLOBAL Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 10 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 11 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 12 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 13 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 14 NORTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 15 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 16 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 17 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 18 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 19 EUROPE Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 20 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 21 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 22 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 23 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 24 ASIA PACIFIC Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 25 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 26 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 27 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 28 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 29 SOUTH AMERICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 30 MIDDLE EAST & AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY COUNTRY REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030) 67

TABLE 31 MIDDLE EAST AND AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 32 MIDDLE EAST AND AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY TYPE VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 33 MIDDLE EAST AND AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION REVENUE (USD MILLION) (2018-2030), CAGR (%) (2022-2030)

TABLE 34 MIDDLE EAST AND AFRICA Electric Vehicle Fluids and Lubricant MARKET, BY PROPULSION VOLUME (MILLION TONS) (2018-2030), CAGR (%) (2022-2030)

TABLE 35 COMPANY INFORMATION

TABLE 36 TYPE PORTFOLIO

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.