Please Wait.....
Report
North America Electric Vehicle Fluids Market Report and Forecast 2024-2032
Market Report I 2024-04-16 I 143 Pages I EMR Inc.
North America Electric Vehicle Fluids Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America electric vehicle fluids market size reached a value of USD 383.84 million in 2023. Aided by the burgeoning adoption of electric vehicles across the region, the market is projected to further grow at a CAGR of 21.8% between 2024 and 2032 to reach a value of USD 2348.55 million by 2032.
Electric vehicle fluids are specialised lubricants and coolants designed to meet the unique requirements of electric drivetrains, batteries, and other EV components. These fluids play crucial roles in heat management, efficiency enhancement, and the longevity of electric vehicle components. As the EV market continues to expand, driven by environmental concerns and supportive governmental policies, the demand for these specialised fluids is expected to rise significantly.
The North America electric vehicle fluids market growth is primarily fuelled by the rapid increase in EV sales in North America, technological advancements in EV fluid formulations, and the stringent regulatory standards requiring high-performance and environmentally sustainable automotive fluids.
Innovation in fluid technology is a key trend in the market. Manufacturers are developing advanced formulations that offer better thermal stability, enhanced conductivity, and reduced friction, which are critical for improving the efficiency and range of electric vehicles. As per the North America electric vehicle fluids market analysis, these fluids are specially formulated to protect against electrical arcing, reduce battery degradation, and enhance the performance of power electronics.
Regulatory frameworks in North America are also evolving to support cleaner transportation solutions, which include mandates for lower emissions and higher efficiency standards. These regulations are pushing automotive fluid manufacturers to innovate and develop products that are not only effective but also environmentally friendly, such as biodegradable coolants and lubricants made from renewable resources.
As per the North America electric vehicle fluids market outlook, the United States leads the market in North America, driven by high EV adoption rates, established automotive sector infrastructure, and supportive government policies. Canada and Mexico are also showing significant growth potential with increasing investments in EV infrastructure and incentives for EV adoption.
There is a growing trend towards the development of bio-based fluids as a sustainable alternative to conventional petroleum-based products which propels the North America electric vehicle fluids market expansion. These fluids are designed to be biodegradable and have a lower environmental impact. Companies are increasingly focusing on these innovations to meet the rising demand for green and sustainable automotive solutions.
As the market for high-performance electric vehicles grows, there is an increasing need for fluids that can handle higher thermal loads and offer better electrical insulation properties. Manufacturers are developing fluids that are specifically tailored for the high-demand conditions of performance EVs, such as sports cars and luxury vehicles.
With the advancement in battery technology and the push for longer EV ranges, there is a need for more efficient cooling systems in the North America electric vehicle fluids market. Fluid manufacturers are working on solutions that integrate seamlessly with advanced cooling technologies, such as immersion cooling systems, which involve submerging battery cells directly in a non-conductive liquid.
Recent developments include partnerships between fluid manufacturers and automotive OEMs to co-develop tailored solutions that enhance the performance and lifespan of electric vehicles which can contribute to the North America electric vehicle fluids market share. Additionally, there is a growing trend of collaborations with tech companies to integrate smart sensors and IoT technology into fluid management systems, enabling real-time monitoring and predictive maintenance.
Market Segmentation
The market can be divided based on propulsion type, vehicle type, fill type, product type, and country.
Market Breakup by Propulsion Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
Market Breakup by Vehicle Type
- On-Highway Electric Vehicle
- Off-Highway Electric Vehicle
Market Breakup by Fill Type
- First Fill
- Service Fill
Market Breakup by Product Type
- Coolants
- Engine Oils
- Transmission Fluids
- Greases
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America electric vehicle fluids market. Some of the major players explored in the report by Expert Market Research are as follows:
- Shell Plc
- TotalEnergies SE
- Valvoline Inc.
- Exxon Mobil Corp.
- Castrol Ltd.
- Petroliam Nasional Berhad (PETRONAS)
- ENEOS Holdings, Inc.
- Afton Chemical
- Repsol, S.A.
- Gulf Oil International Limited
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Electric Vehicle Fluids Market Overview
8.1 Key Industry Highlights
8.2 Global Electric Vehicle Fluids Historical Market (2018-2023)
8.3 Global Electric Vehicle Fluids Market Forecast (2024-2032)
8.4 Global XYZ Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Electric Vehicle Fluids Market Overview
9.1 Key Industry Highlights
9.2 North America Electric Vehicle Fluids Historical Market (2018-2023)
9.3 North America Electric Vehicle Fluids Market Forecast (2024-2032)
10 North America Electric Vehicle Fluids Market by Propulsion Type
10.1 Battery Electric Vehicle
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hybrid Electric Vehicle
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Plug-In Hybrid Electric Vehicle
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Electric Vehicle Fluids Market by Vehicle Type
11.1 On-Highway Electric Vehicle
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Off-Highway Electric Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Electric Vehicle Fluids Market by Fill Type
12.1 First Fill
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Service Fill
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Electric Vehicle Fluids Market by Product Type
13.1 Coolants
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Engine Oils
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Transmission Fluids
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Greases
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 North America Electric Vehicle Fluids Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Shell Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 TotalEnergies SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Valvoline Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Exxon Mobil Corp.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Castrol Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Petroliam Nasional Berhad (PETRONAS)
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 ENEOS Holdings, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Afton Chemical
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Repsol, S.A.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Gulf Oil International Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Vehicle Fluids Market: Key Industry Highlights, 2018 and 2032
2. North America Electric Vehicle Fluids Market: Key Industry Highlights, 2018 and 2032
3. North America Electric Vehicle Fluids Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
4. North America Electric Vehicle Fluids Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
5. North America Electric Vehicle Fluids Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
6. North America Electric Vehicle Fluids Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
7. North America Electric Vehicle Fluids Historical Market: Breakup by Fill Type (USD Million), 2018-2023
8. North America Electric Vehicle Fluids Market Forecast: Breakup by Fill Type (USD Million), 2024-2032
9. North America Electric Vehicle Fluids Historical Market: Breakup by Product Type (USD Million), 2018-2023
10. North America Electric Vehicle Fluids Market Forecast: Breakup by Product Type (USD Million), 2024-2032
11. North America Electric Vehicle Fluids Historical Market: Breakup by Country (USD Million), 2018-2023
12. North America Electric Vehicle Fluids Market Forecast: Breakup by Country (USD Million), 2024-2032
13. North America Electric Vehicle Fluids Market Structure
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security