North America Fluid and Lubricant for Electric Vehicles Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 2.10 Billion by 2030, growing at a CAGR of 13.65% from 2024 to 2030.
The rapid growth of the electric vehicle (EV) industry has created a new and evolving demand for specialized fluids and lubricants that are essential for the optimal performance of these advanced machines. In North America, the market for fluid and lubricants in electric vehicles has been witnessing significant growth, driven by the need for efficient energy management, cooling systems, and drivetrain operations. Traditional lubricants used in internal combustion engines (ICE) vehicles are not sufficient for electric vehicles, creating a gap that manufacturers and suppliers are now working to fill with innovative, specialized solutions.
One of the key applications of fluids and lubricants in electric vehicles is in the thermal management system. EV batteries generate significant heat during charging and discharging cycles, making the use of efficient cooling fluids crucial for maintaining optimal performance and safety. These fluids help regulate temperatures, preventing overheating and enhancing the overall lifespan of the batteries. Additionally, specialized lubricants are necessary for reducing friction in the electric motors and other moving components, thereby increasing the vehicle's energy efficiency and overall longevity.
Another critical area where fluids and lubricants are required is in the transmission system of electric vehicles. Unlike traditional vehicles with complex gear mechanisms, electric vehicles utilize a simplified transmission system. However, lubricants still play an essential role in reducing friction and wear, especially in electric vehicle drivetrains that operate at higher speeds. With the increase in the number of electric vehicles, OEMs (Original Equipment Manufacturers) and suppliers are continuously innovating and adapting their products to meet the specific needs of the industry.
Industries involved in the manufacturing and supply of EV-related fluids and lubricants need to comply with stringent regulatory standards for safety, performance, and environmental impact. As EV technology evolves, fluid and lubricant manufacturers must keep pace with technological advancements, ensuring that their products continue to meet the growing requirements of the industry. North American companies are investing in research and development to enhance product efficiency, sustainability, and cost-effectiveness.
The future of the North America Fluid and Lubricant for Electric Vehicles Market appears to be bright, with the continued rise in electric vehicle adoption and advancements in vehicle technology, paving the way for specialized fluids and lubricants that are critical for the next generation of electric mobility.
Get an In-Depth Research Analysis of the North America Fluid and Lubricant for Electric Vehicles Market Size And Forecast [2025-2032]
SK Lubricants Co.
Ltd. (SK Inc.)
GS Caltex Corporation
S-OIL CORPORATION
Klüber Lubrication
Panolin AG
Idemitsu Kosan Co.
Ltd.
Exxon Mobil Corporation
Repsol SA
ENEOS Corporation (ENEOS Holdings
Inc.)
The Lubrizol Corporation
Petroliam Nasional Berhad (PETRONAS)
Shell Plc
TotalEnergies SE
Valvoline Inc.
FUCHS
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Fluid and Lubricant for Electric Vehicles Market
BEV
HEV
Based on Types the Market is categorized into Below types that held the largest Fluid and Lubricant for Electric Vehicles market share In 2023.
Grease
Thermal Fluids
Drive System Fluids
Brake Fluids
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Fluid and Lubricant for Electric Vehicles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Fluid and Lubricant for Electric Vehicles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Fluid and Lubricant for Electric Vehicles Market, By Type
6. North America Fluid and Lubricant for Electric Vehicles Market, By Application
7. North America Fluid and Lubricant for Electric Vehicles Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Fluid and Lubricant for Electric Vehicles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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