Global Electric Vehicle Coolants Market Size Was Valued at USD 2.01 Billion In 2022 And Is Projected to Reach USD 2.65 Billion By 2030, Growing at A CAGR of 4% From 2023 To 2030.
Market Overview:
Global Electric Vehicle Coolants Market Size Was Valued at USD 2.01 Billion In 2022 And Is Projected to Reach USD 2.65 Billion By 2030, Growing at A CAGR of 4% From 2023 To 2030.
The battery system coolant was created to cool the heat generated in high-voltage batteries; it is intended for use only in electric vehicles, including hybrids. Battery system coolant provides better electrical insulation than engine coolant. (Electrical insulation test passed) In addition, the fire hazard test of the battery cells was passed. In low temperatures, a cold start is available with a freezing temperature below -36°C. It offers the best corrosion resistance of any metal currently used in battery systems. In modern metal parts, the coolant of the battery system has good anti-corrosion properties.
Key Players For The Electric Vehicle Coolants Market
BASF, Dober, Shell, Total Energies, Valeo, Chevron, Exxon Mobil, Lukoil Petrons, Ashland Corporation, Sinclair Oil Corporation, Blue Star Lubrication Technology and other key players.
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Market Dynamics:
Driver:
The global automotive industry is experiencing a significant shift towards electric vehicles due to environmental concerns and the need to reduce greenhouse gas emissions. As governments worldwide implement stricter emission regulations and provide incentives for EV adoption, the demand for electric vehicles is rising. This increased adoption of EVs directly translates to a higher demand for electric vehicle coolants to maintain the optimal operating temperatures of electric vehicle components. Electric vehicles rely on high-performance lithium-ion batteries for power storage. These batteries generate heat during operation, and maintaining their optimal operating temperature is crucial for performance, efficiency, and longevity. Electric vehicle coolants play a vital role in managing battery temperature by dissipating heat and preventing overheating.
Opportunities:
The commercial vehicle sector, including trucks, buses, delivery vans, and other fleet vehicles, is increasingly adopting electric vehicles to reduce operating costs and meet sustainability goals. The electrification of commercial fleets offers a significant growth opportunity for the electric vehicle coolants market. As more commercial vehicles transition to electric powertrains, the demand for efficient and reliable coolants for battery thermal management and overall vehicle performance will increase. And hence, the high growth potential of the commercial vehicle sector offers significant opportunities for the market.
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Segmentation Analysis of Digital Twin Technology Market
By Coolant Type
By Vehicle Type
By Region
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With a precise examination of the overall industry, our Electric Vehicle Coolants market report guarantees the highest level of accuracy and reliability. We establish a strong foundation for our findings by leveraging a wide range of primary and secondary sources. Enhancing the comprehensiveness of our evaluation, we utilize industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
The report covers exhaustive analysis on:
Table Of Content: -
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Coolant Type
3.2 By Vehicle Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Electric Vehicle Coolants Market by Coolant Type
5.1 Electric Vehicle Coolants Market Overview Snapshot and Growth Engine
5.2 Electric Vehicle Coolants Market Overview
5.3 Ethylene glycol
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Ethylene glycol: Geographic Segmentation
To be Continued…
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Oct 31, 2023
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