
Electric Vehicle Fluids Market Share, Size, Trends, Industry Analysis Report, By Product (Engine oil, Coolants, Transmission fluids, Greases); By Vehicle Type; By Propulsion Type; By Fill Type; By Region; Segment Forecast, 2024 - 2032
Description
Electric Vehicle Fluids Market Share, Size, Trends, Industry Analysis Report, By Product (Engine oil, Coolants, Transmission fluids, Greases); By Vehicle Type; By Propulsion Type; By Fill Type; By Region; Segment Forecast, 2024 - 2032
The global electric vehicle fluids market size is expected to reach USD 12.27 billion by 2032, according to a new study by Polaris Market Research. The report “Electric Vehicle Fluids Market Share, Size, Trends, Industry Analysis Report, By Product (Engine oil, Coolants, Transmission fluids, Greases); By Vehicle Type; By Propulsion Type; By Fill Type; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Electric vehicle fluids are gaining momentum with increasing disposable income among individuals, contributing to the demand for mobility. The growing government initiatives to promote a circular economy in the world are optimally fueling the adoption of electric vehicle fluids in the marketplace. Furthermore, the rising development of advanced electric vehicles along with the fluids is improving e-mobility functioning, stimulating the demand for electric vehicles.
The rising investments by companies to enhance their product offerings and meet changing consumer needs are creating new growth opportunities for the electric vehicle fluids market. For instance, in January 2024, Castrol announced an investment of USD 60 million in its UK-based electric vehicle battery testing facility. As a part of its onward strategy, Castrol introduced a range of products in the Castrol ON EV Fluids product line, such as EV thermal, greases, and transmission fluids.
Growing consumption of electric vehicles around the world is showcasing a favorable market for electric vehicle fluids, with an increasing need for fluids that enhance the functionality of EVs. This trend is motivating manufacturers to develop effective fluids aiming to promote a circular economy. For instance, in December 2023, Texaco Lubricants announced the launch of a new range of electric fluids into its product portfolio to meet growing electric vehicle market needs. It is adopting renewable oil in the development process to limit carbon intensity in business operations.
Growing awareness campaigns and increasing electric vehicle fluid trials are anticipated to drive market expansion in the global market. For instance, in December 2023, CRP Automotive announced the introduction of the Pentosin Tesla EV Fluid Program to utilize Tesla-based premium fluids in the vehicles.
The increasing number of studies exploring the development of efficient fuid-determining tools is likely to foster market growth over the forecast period. For instance, in March 2023, researchers at Southwest Research Institute announced the development of a mechanical fluid testing device. It has the potential to track the friction and wear of electric fluids in the presence of applied voltage.
Electric Vehicle Fluids Market Report Highlights
Engine oil segment is anticipated to witness the highest growth in the coming years due to the increasing consumption of hybrid electric vehicles.
On-highway electric vehicles segment accounted for the largest market share owing to the increasing construction of charging stations.
Hybrid electric vehicle segment is projected to experience a larger revenue share due to its convenience, and flexibility.
APAC is projected to register the fastest growth, attributable to the growing government policies to support the growth of the electric vehicle industry.
The global players include BP, ENEOS Corporation, ExxonMobil Corporation, FUCHS Petrolub AG, Petronas, PTT, Repsol & Royal Dutch Shell.
Polaris Market Research has segmented the electric vehicle fluids market report based on product, vehicle type, propulsion type, fill type, and region:
Electric Vehicle Fluids, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Engine oil
Coolants
Transmission fluids
Greases
Electric Vehicle Fluids, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)
On-highway Electric Vehicles
Off-highway Electric Vehicles
Electric Vehicle Fluids, Propulsion Type Outlook (Revenue - USD Billion, 2019 - 2032)
Battery electric vehicles
Hybrid electric vehicles
Electric Vehicle Fluids, Fill Type Outlook (Revenue - USD Billion, 2019 - 2032)
First fill
Service fill
Electric Vehicle Fluids, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of APAC
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
119 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Signals Intelligence Market Insights
- 4.1. Signals Intelligence Market – Solutions Snapshot
- 4.2. Signals Intelligence Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising adoption of signal intelligence navy systems
- 4.2.1.2. Increasing advancements in the signal intelligence software
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Higher cost of development is likely to impede market growth
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Signals Intelligence Market Solutions Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Signals Intelligence Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 5.3. ELINT
- 5.3.1. Global Signals Intelligence Market, by ELINT, by Region, 2019-2032 (USD Billion)
- 5.4. COMINT
- 5.4.1. Global Signals Intelligence Market, by COMINT, by Region, 2019-2032 (USD Billion)
- 5.5. FISINT
- 5.5.1. Global Signals Intelligence Market, by FISINT, by Region, 2019-2032 (USD Billion)
- 6. Global Signals Intelligence Market, by Mobility
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 6.3. Fixed
- 6.3.1. Global Signals Intelligence Market, by Fixed, by Region, 2019-2032 (USD Billion)
- 6.4. Man Portable
- 6.4.1. Global Signals Intelligence Market, by Man Portable, by Region, 2019-2032 (USD Billion)
- 7. Global Signals Intelligence Market, by Solutions
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.3. Airborne
- 7.3.1. Global Signals Intelligence Market, by Airborne, By Region, 2019-2032 (USD Billion)
- 7.4. Ground
- 7.4.1. Global Signals Intelligence Market, by Ground, By Region, 2019-2032 (USD Billion)
- 7.5. Naval
- 7.5.1. Global Signals Intelligence Market, by Naval, By Region, 2019-2032 (USD Billion)
- 7.6. Space
- 7.6.1. Global Signals Intelligence Market, by Space, By Region, 2019-2032 (USD Billion)
- 7.7. Cyber
- 7.7.1. Global Signals Intelligence Market, by Cyber, By Region, 2019-2032 (USD Billion)
- 7.8. Global Signals Intelligence Market, by Geography
- 7.8.1. Key findings
- 7.8.2. Introduction
- 7.8.2.1. Signals Intelligence Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.8.3. Signals Intelligence Market – North America
- 7.8.3.1. North America: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.3.2. North America: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.3.3. North America: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.3.4. Signals Intelligence Market – U.S.
- 7.8.3.4.1. U.S.: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.3.4.2. U.S.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.3.4.3. U.S.: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.3.5. Signals Intelligence Market – Canada
- 7.8.3.5.1. Canada: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.3.5.2. Canada.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.3.5.3. Canada: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4. Signals Intelligence Market – Europe
- 7.8.4.1. Europe: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.2. Europe.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.3. Europe: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.4. Signals Intelligence Market – UK
- 7.8.4.4.1. UK: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.4.2. UK.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.4.3. UK: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.5. Signals Intelligence Market – France
- 7.8.4.5.1. France: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.5.2. France.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.5.3. France: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.6. Signals Intelligence Market – Germany
- 7.8.4.6.1. Germany: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.6.2. Germany.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.6.3. Germany: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.7. Signals Intelligence Market – Italy
- 7.8.4.7.1. Italy: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.7.2. Italy.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.7.3. Italy: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.8. Signals Intelligence Market – Spain
- 7.8.4.8.1. Spain: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.8.2. Spain.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.8.3. Spain: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.9. Signals Intelligence Market – Netherlands
- 7.8.4.9.1. Netherlands: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.9.2. Netherlands.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.9.3. Netherlands: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.4.10. Signals Intelligence Market – Russia
- 7.8.4.10.1. Russia: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.4.10.2. Russia.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.4.10.3. Russia: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5. Signals Intelligence Market – Asia Pacific
- 7.8.5.1. Asia Pacific: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.2. Asia Pacific.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.3. Asia Pacific: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5.4. Signals Intelligence Market – China
- 7.8.5.4.1. China: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.4.2. China.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.4.3. China: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5.5. Signals Intelligence Market – India
- 7.8.5.5.1. India: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.5.2. India.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.5.3. India: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5.6. Signals Intelligence Market – Malaysia
- 7.8.5.6.1. Malaysia: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.6.2. Malaysia.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.6.3. Malaysia: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5.7. Signals Intelligence Market – Japan
- 7.8.5.7.1. Japan: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.7.2. Japan.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.7.3. Japan: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5.8. Signals Intelligence Market – Indonesia
- 7.8.5.8.1. Indonesia: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.8.2. Indonesia.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.8.3. Indonesia: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.5.9. Signals Intelligence Market – South Korea
- 7.8.5.9.1. South Korea: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.5.9.2. South Korea.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.5.9.3. South Korea: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.6. Signals Intelligence Market – Middle East & Africa
- 7.8.6.1. Middle East & Africa: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.6.2. Middle East & Africa.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.6.3. Middle East & Africa: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.6.4. Signals Intelligence Market – Saudi Arabia
- 7.8.6.4.1. Saudi Arabia: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.6.4.2. Saudi Arabia.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.6.4.3. Saudi Arabia: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.6.5. Signals Intelligence Market – UAE
- 7.8.6.5.1. UAE: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.6.5.2. UAE.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.6.5.3. UAE: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.6.6. Signals Intelligence Market – Israel
- 7.8.6.6.1. Israel: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.6.6.2. Israel.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.6.6.3. Israel: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.6.7. Signals Intelligence Market – South Africa
- 7.8.6.7.1. South Africa: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.6.7.2. South Africa.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.6.7.3. South Africa: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.7. Signals Intelligence Market – Latin America
- 7.8.7.1. Latin America: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.7.2. Latin America.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.7.3. Latin America: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.7.4. Signals Intelligence Market – Mexico
- 7.8.7.4.1. Mexico: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.7.4.2. Mexico.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.7.4.3. Mexico: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.7.5. Signals Intelligence Market – Brazil
- 7.8.7.5.1. Brazil: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.7.5.2. Brazil.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.7.5.3. Brazil: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 7.8.7.6. Signals Intelligence Market – Argentina
- 7.8.7.6.1. Argentina: Signals Intelligence Market, by Type, 2019-2032 (USD Billion)
- 7.8.7.6.2. Argentina.: Signals Intelligence Market, by Solutions, 2019-2032 (USD Billion)
- 7.8.7.6.3. Argentina: Signals Intelligence Market, by Mobility, 2019-2032 (USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. BAE Systems (UK)
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Elbit Systems (Israel)
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. General Dynamics (US)
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. HENSOLDT (Germany)
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Indra (Spain)
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Lockheed Martin (US)
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Mercury Systems (US)
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Northrop Grumman (US)
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Raytheon (US)
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Saab (Sweden)
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Thales (France)
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.