Electric Vehicles (EVs) Fluids Market 2020 Analysis by Segments, Share, Application, Development, Growing Demand, Regions, Top Key Players & Forecast 2025

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Global Electric Vehicles (EVs) Fluids Market

• Rising demand for Electric Vehicles (EVs) and
  advancement of their technology will propel the
  growth of EV Fluids Market

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2
Electric Vehicles (EVs) Fluids Market Size, Share
Growth, Industry Research Report 2019-2025

• The automotive industry, currently, is going
  through a paradigm shift as the number of
  electric vehicles (EVs) and hybrid vehicles
  increase year on year. In the year 2017, there
  were about three million EVs on road globally.
  Some studies expect this number to grow
  exponentially in the next decade. One such study
  by Shell indicate that by 2031, about half of all
  the vehicles manufactured are expected to be
  electrified vehicles. In addition to that, some
  car manufacturers have even said that they have
  in their plans to totally cease diesel model
  production. These forecasts can only be realised
  if EVs improve their performance considerably.
  Neglected until a few years ago, EV fluids can
  help improve the performance of EVs. These fluids
  have now become essential as they help in
  regulating EVs battery temperature and power
  electronics. Other chief functions of EV fluids
  is lubricating transmission and powertrains. In
  the coming years, the trend of EVs and hybrid
  vehicles becoming more powerful is expected to
  continue with standard fluid becoming inadequate
  and requiring specialised EV fluids which have
  dielectric property.
• Falling battery costs and regulatory environment
  will drive the adoption of EV fluids
• Among the major drivers of EV fluids market are
  the regulatory environment and environmental
  challenges. These regulations concerning carbon
  emissions and fuel economy are forcing companies
  to constantly innovate in order to decrease
  environmental damage at the same time managing
  user expectations for performance and quality.
  This shift to cleaner mobility is expected to be
  a major driver of the market. Another major
  driver of the market is the declining cost of
  batteries. Battery costs have depreciated 75
  over the past five years. This is encouraging for
  EV makers as they are putting more and more new
  EVs on roads which require more EV fluids.

3
Electric Vehicles (EVs) Fluids Market Size, Share
Growth, Industry Research Report 2019-2025

• Adoption of thermal EV fluids will be substantial
  in EVs
• By application, EVs are expected to be the major
  users of EV fluids. With growing number of EVs
  every year on road, more of them will require EV
  fluids to run optimally. End use wise, the
  thermal EV is projected to be the dominant
  segment. EVs motor and power train can function
  around 15,000 rpm which can generate a lot of
  heat. EV fluids can help with heat dissipation in
  such conditions.
• North America will lead the growth in this market
• Developed economies United States and Canada are
  key growth countries for EV fluids. The region
  has a large and developed eco-system for EVs with
  California being one of the largest markets of
  the same. The region is expected to be a leader
  in EV fluid market thanks to the high demand for
  EVs. In the coming years, driven by the
  regulations and advancement in technology, the
  market for EV fluids is expected to grow
  considerably.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/electric-vehicles-evs-fluids-market

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Market Segments EV Fluids Market

• By Application
• Electric Vehicles (EVs)
• Hybrid Vehicles
• By End Use
• Thermal EV Fluid
• Transmission EV Fluid
• EV Greases
• By Region (tentative)
• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World

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Electric Vehicles (EVs) Fluids Market Size, Share
Growth, Industry Research Report 2019-2025

• Key Market Players Total S.A., Royal Dutch Shell
  PLC, Castrol Limited, Valvoline Inc., Exxon Mobil
  Corporation, PETRONAS
• Key Sources
• Industry Associations
• Patent Websites
• Company Annual Reports
• Company Websites
• Key industry leaders
• Technology consultants
• Purchase a single user copy of the global
  Electric Vehicles (EVs) Fluids Market report_at_
  https//www.adroitmarketresearch.com/researchrepor
  t/purchase/1306

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