E-Fluids Market Size- By Product Type, By Vehicle Type, By Propulsion, By Fill Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global E-Fluids Market Overview
According to SPER Market Research, the Global E-Fluids Market is estimated to reach USD 15.13 billion by 2032 with a CAGR of 31.42%. The fall in sales of internal combustion engine (ICE) vehicles is having a significant influence on the incredibly profitable automotive oils, fluids, and lubricants business. Demand for conventional lubricants and hydraulic fluids has sharply decreased, forcing the lubricant business and its aftermarket to scramble to diversify their sources of income.
Impact of COVID-19 on the Global E-Fluids MarketThe world has seen unheard-of health issues as well as economic, social, and political turmoil since the COVID-19 (C-19) pandemic. The global community is presently analyzing a wide range of perspectives on the immediate effects of C-19 on every sector. Prior to the financial crisis, sales of electric cars (EVs) were increasing, with China and other developed nations in Europe and North America taking the lead.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product Type, By Vehicle Type, By Propulsion, By Fill Type
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered BP Plc., ENEOS Corp., ExxonMobil Corporation, FUCHS Petrolub AG, Petronas, PTT, Repsol S.A., Royal Dutch Shell Plc, TotalEnergies SE, Valvoline Inc.
Global E-Fluids Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, Global E-Fluids Market is segmented as; Off-highway Vehicle, On-highway Vehicle.
By Propulsion: Based on the Propulsion, Global E-Fluids Market is segmented as; Battery EV, Hybrid EV.
By Fill Type: Based on the Fill Type, Global E-Fluids Market is segmented as; First Fill, Service Fill.