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Focus on Product, Application, and Country-
Level Analysis
Analysis and Forecast: 2022-2032
February 2023
Immersion Cooling
Fluids Market for
EVs - A Global and
Regional Analysis
Table of Content
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BIS Research is a leading market intelligence and technology research company. BIS Research publishes in-
depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-
growth applications, deeply segmented granular country-level market data and other important market
parameters useful in the strategic decision making for senior management. BIS Research provides multi-client
reports, company profiles, databases, and custom research services.
Copyright © 2023 BIS Research Inc.
All Rights Reserved. This document contains highly confidential information and is the sole property of BIS
Research. Disclosing, copying, circulating, quoting, or otherwise reproducing any or all contents of this
document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people
or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third
party.
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Table of Content
Executive Summary ........................................................................ 40
Scope of the Study.......................................................................... 48
1. Markets .................................................................................... 52
1.1 Industry Outlook..............................................................................................53
1.1.1 Immersion Cooling Fluids: Overview ........................................................53
1.1.1.1 History of EV Battery Thermal Management ....................................................54
1.1.1.2 Immersion Cooling: The Way Forward for Electric Vehicle Battery Thermal
Management....................................................................................................54
1.1.2 Overview of Regulatory Hurdles ................................................................56
1.1.2.1 Battery Issues ..................................................................................................56
1.1.2.2 Fire-Related Regulations..................................................................................58
1.1.2.2.1 China EV Fire-Related Regulations......................................................................... 58
1.1.2.2.2 Canada EV Fire-Related Regulations...................................................................... 58
1.1.2.2.3 U.S. EV Fire-Related Regulations ........................................................................... 59
1.1.2.2.4 France EV Fire-Related Regulations ....................................................................... 59
1.1.2.2.5 South Korea EV Fire-Related Regulations .............................................................. 59
1.1.2.2.6 India EV Fire-Related Regulations........................................................................... 60
1.1.3 Trends: Current and Future........................................................................61
1.1.4 Supply Chain Network ................................................................................62
1.1.5 Comparative Analysis: Liquid Cooling Vs. Immersion Cooling ..............63
1.1.6 Case Study: Solving EV Range Anxiety ....................................................64
1.1.7 Additives for Fluids in Electric Vehicle Batteries .....................................65
1.1.7.1 Analyst View on Additives for Fluids in EV Batteries ........................................67
1.1.8 Ecosystem/Ongoing Programs ..................................................................68
1.1.8.1 Consortiums, Associations, and Regulatory Bodies .........................................68
1.1.8.1.1 North America .......................................................................................................... 68
1.1.8.1.2 Europe...................................................................................................................... 69
1.1.8.1.3 Asia-Pacific and Japan ............................................................................................ 70
1.1.8.2 Government Initiatives......................................................................................70
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1.1.8.3 Programs by Research Institutions and Universities.........................................74
1.1.9 Key Patent Mapping ....................................................................................76
1.1.9.1 Past Vs. Future of Research and Development Activities in the Immersion
Cooling Fluids Market for EVs..........................................................................78
1.1.10 Overview of EV Fluid Cost Estimation.......................................................80
1.2 Business Dynamics.........................................................................................82
1.2.1 Business Drivers .........................................................................................83
1.2.1.1 Rising Acceptance of Electric Vehicles.............................................................83
1.2.1.2 Need to Increase the Driving Range of Electric Vehicles..................................84
1.2.1.3 Thermal Management in Electric Vehicles........................................................86
1.2.1.4 Growing Need for Enhanced Electrification Components .................................87
1.2.1.5 Immersion Cooling for Electric Vehicle Batteries ..............................................87
1.2.2 Business Restraints....................................................................................89
1.2.2.1 Higher Cost of Immersion Cooling Fluids for EVs.............................................89
1.2.2.2 Developing Environment-Friendly Electric Vehicle Fluids.................................90
1.2.2.3 Complex Battery Chemistry and Amount of Immersion Cooling Fluid
Needed ............................................................................................................90
1.2.2.4 Changes Required to be Made in the Construction of EV Batteries..................91
1.2.2.5 Lack of Knowledge About the Advantages of Immersion Cooling.....................91
1.2.3 Business Strategies ....................................................................................92
1.2.3.1 Product Development.......................................................................................92
1.2.3.2 Market Development ........................................................................................93
1.2.4 Corporate Strategies...................................................................................94
1.2.4.1 Mergers and Acquisitions .................................................................................94
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances.............................95
1.2.5 Business Opportunities..............................................................................96
1.2.5.1 Coolants for EV Electronics and Charging Port Cables ....................................96
1.2.5.2 Stringent Regulations by Government Bodies for Promoting Sustainable
EV Environment ...............................................................................................97
1.2.5.3 Growing Trend for the Development of Autonomous Vehicles..........................97
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1.3 Impact of COVID-19 on the industry ..............................................................98
2. Application............................................................................. 100
2.1 Immersion Cooling Fluids Market for EVs – Applications and
Specifications ................................................................................................101
2.1.1 Immersion Cooling Fluids Market for EVs (by Vehicle Type) ................101
2.1.1.1 Passenger Vehicles .......................................................................................101
2.1.1.2 Light Commercial Vehicles.............................................................................102
2.1.1.3 Heavy Commercial Vehicles...........................................................................102
2.1.2 Immersion Cooling Fluids Market for EVs (by Propulsion Type)..........103
2.1.2.1 Battery Electric Vehicles (BEVs) ....................................................................104
2.1.2.2 Hybrid Electric Vehicles (HEVs) .....................................................................105
2.1.2.3 Plug-in Hybrid Electric Vehicles (PHEVs).......................................................105
2.1.3 Immersion Cooling Fluids Market for EVs (by Application) ..................106
2.1.3.1 EV Batteries...................................................................................................106
2.1.3.2 EV Motors ......................................................................................................107
2.1.3.3 Power Electronics ..........................................................................................108
2.2 Immersion Cooling Fluids Market for EVs – Demand Analysis (by
Applications)..................................................................................................109
2.2.1 Immersion Cooling Fluids Market for EVs (by Vehicle Type), Volume
and Value Data...........................................................................................109
2.2.1.1 Passenger Vehicles .......................................................................................110
2.2.1.2 Light Commercial Vehicles.............................................................................110
2.2.1.3 Heavy Commercial Vehicles...........................................................................111
2.2.2 Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Volume and Value Data.............................................................................111
2.2.2.1 Battery Electric Vehicles.................................................................................112
2.2.2.2 Hybrid Electric Vehicles..................................................................................113
2.2.2.3 Plug-in Hybrid Electric Vehicles......................................................................113
2.2.3 Immersion Cooling Fluids Market for EVs (by Application), Volume
and Value Data...........................................................................................114
2.2.3.1 EV Batteries...................................................................................................115
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2.2.3.2 EV Motors ......................................................................................................115
2.2.3.3 Power Electronics ..........................................................................................116
3. Products ................................................................................ 117
3.1 Immersion Cooling Fluids Market for EVs – Products and
Specifications ................................................................................................118
3.1.1 Immersion Cooling Fluids Market for EVs (by Product Type) ...............118
3.1.1.1 Single-Phase Coolant.....................................................................................118
3.1.1.2 Two-Phase Coolant........................................................................................119
3.1.2 Immersion Cooling Fluids Market for EVs (by Chemistry) ....................120
3.1.2.1 Mineral Oils....................................................................................................120
3.1.2.2 Synthetic Oils and Esters ...............................................................................121
3.2 Immersion Cooling Fluids Market for EVs – Demand Analysis (by
Products)........................................................................................................122
3.2.1 Immersion Cooling Fluids Market for EVs (by Product Type),
Volume and Value Data.............................................................................122
3.2.1.1 Single-Phase Coolant.....................................................................................123
3.2.1.2 Two-Phase Coolant........................................................................................123
3.2.2 Immersion Cooling Fluids Market for EVs (by Chemistry), Volume
and Value Data...........................................................................................124
3.2.2.1 Mineral Oils....................................................................................................124
3.2.2.2 Synthetic Oils and Esters ...............................................................................125
3.3 Product Benchmarking: Growth Rate – Market Share Matrix....................125
3.3.1 Opportunity Matrix (by Region)................................................................125
3.3.2 Opportunity Matrix (by Product Type).....................................................126
3.3.3 Opportunity Matrix (by Chemistry) ..........................................................126
3.4 Global Pricing Analysis.................................................................................127
3.5 Technology Roadmap ...................................................................................128
4. Regions.................................................................................. 129
4.1 North America................................................................................................133
4.1.1 Markets.......................................................................................................133
4.1.1.1 Buyer Attributes..............................................................................................133
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4.1.1.2 Key Manufacturers in North America..............................................................133
4.1.1.3 Competitive Benchmarking ............................................................................133
4.1.1.4 Business Challenges......................................................................................134
4.1.1.5 Business Drivers ............................................................................................134
4.1.2 Applications...............................................................................................135
4.1.2.1 North America Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032...............................................................135
4.1.2.2 North America Immersion Cooling Fluids Market for EVs (by Propulsion
Type), Value and Volume Data, 2021-2032....................................................136
4.1.2.3 North America Immersion Cooling Fluids Market for EVs (by Application),
Value and Volume Data, 2021-2032...............................................................137
4.1.3 Products.....................................................................................................138
4.1.3.1 North America Immersion Cooling Fluids Market for EVs (by Product
Type), Value and Volume Data, 2021-2032....................................................138
4.1.3.2 North America Immersion Cooling Fluids Market for EVs (by Chemistry),
Value and Volume Data, 2021-2032...............................................................139
4.1.4 North America: Country-Level Analysis..................................................139
4.1.4.1 U.S.................................................................................................................139
4.1.4.1.1 Markets .................................................................................................................. 139
4.1.4.1.1.1 Buyer Attributes .............................................................................................. 139
4.1.4.1.1.2 Key Manufacturers in the U.S......................................................................... 140
4.1.4.1.1.3 Business Challenges ...................................................................................... 140
4.1.4.1.1.4 Business Drivers............................................................................................. 141
4.1.4.1.2 Applications............................................................................................................ 141
4.1.4.1.2.1 U.S. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032 ............................................................................... 141
4.1.4.1.2.2 U.S. Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 142
4.1.4.1.2.3 U.S. Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 143
4.1.4.1.3 Products ................................................................................................................. 144
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4.1.4.1.3.1 U.S. Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032 ............................................................................... 144
4.1.4.1.3.2 U.S. Immersion Cooling Fluids Market for EVs (by Chemistry), Value and
Volume Data, 2021-2032 ...................................................................................... 145
4.1.4.2 Canada ..........................................................................................................145
4.1.4.2.1 Markets .................................................................................................................. 145
4.1.4.2.1.1 Buyer Attributes .............................................................................................. 145
4.1.4.2.1.2 Key Manufacturers in Canada ........................................................................ 146
4.1.4.2.1.3 Business Challenges ...................................................................................... 146
4.1.4.2.1.4 Business Drivers............................................................................................. 146
4.1.4.2.2 Applications............................................................................................................ 147
4.1.4.2.2.1 Canada Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032..................................................................... 147
4.1.4.2.2.2 Canada Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 148
4.1.4.2.2.3 Canada Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 149
4.1.4.2.3 Products ................................................................................................................. 149
4.1.4.2.3.1 Canada Immersion Cooling Fluids Market for EVs (by Product Type),
Value and Volume Data, 2021-2032..................................................................... 149
4.1.4.2.3.2 Canada Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032 ............................................................................... 150
4.1.4.3 Mexico ...........................................................................................................151
4.1.4.3.1 Markets .................................................................................................................. 151
4.1.4.3.1.1 Buyer Attributes .............................................................................................. 151
4.1.4.3.1.2 Key Manufacturers in Mexico ......................................................................... 151
4.1.4.3.1.3 Business Challenges ...................................................................................... 151
4.1.4.3.1.4 Business Drivers............................................................................................. 151
4.1.4.3.2 Applications............................................................................................................ 152
4.1.4.3.2.1 Mexico Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032..................................................................... 152
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4.1.4.3.2.2 Mexico Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 153
4.1.4.3.2.3 Mexico Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 154
4.1.4.3.3 Products ................................................................................................................. 155
4.1.4.3.3.1 Mexico Immersion Cooling Fluids Market for EVs (by Product Type),
Value and Volume Data, 2021-2032..................................................................... 155
4.1.4.3.3.2 Mexico Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032 ............................................................................... 156
4.2 Europe ............................................................................................................158
4.2.1 Markets.......................................................................................................158
4.2.1.1 Buyer Attributes..............................................................................................158
4.2.1.2 Key Manufacturers in Europe.........................................................................158
4.2.1.3 Competitive Benchmarking ............................................................................158
4.2.1.4 Business Challenges......................................................................................159
4.2.1.5 Business Drivers ............................................................................................159
4.2.2 Applications...............................................................................................160
4.2.2.1 Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032.........................................................................160
4.2.2.2 Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032...............................................................161
4.2.2.3 Europe Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032.........................................................................162
4.2.3 Products.....................................................................................................163
4.2.3.1 Europe Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032.........................................................................163
4.2.3.2 Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032.........................................................................164
4.2.4 Europe: Country-Level Analysis ..............................................................165
4.2.4.1 Germany ........................................................................................................165
4.2.4.1.1 Markets .................................................................................................................. 165
4.2.4.1.1.1 Buyer Attributes .............................................................................................. 165
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4.2.4.1.1.2 Key Manufacturers in Germany...................................................................... 165
4.2.4.1.1.3 Business Challenges ...................................................................................... 165
4.2.4.1.1.4 Business Drivers............................................................................................. 166
4.2.4.1.2 Applications............................................................................................................ 166
4.2.4.1.2.1 Germany Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032..................................................................... 166
4.2.4.1.2.2 Germany Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 167
4.2.4.1.2.3 Germany Immersion Cooling Fluids Market for EVs (by Application),
Value and Volume Data, 2021-2032..................................................................... 168
4.2.4.1.3 Products ................................................................................................................. 169
4.2.4.1.3.1 Germany Immersion Cooling Fluids Market for EVs (by Product Type),
Value and Volume Data, 2021-2032..................................................................... 169
4.2.4.1.3.2 Germany Immersion Cooling Fluids Market for EVs (by Chemistry),
Value and Volume Data, 2021-2032..................................................................... 170
4.2.4.2 France............................................................................................................170
4.2.4.2.1 Markets .................................................................................................................. 170
4.2.4.2.1.1 Buyer Attributes .............................................................................................. 170
4.2.4.2.1.2 Key Manufacturers in France ......................................................................... 171
4.2.4.2.1.3 Business Challenges ...................................................................................... 171
4.2.4.2.1.4 Business Drivers............................................................................................. 171
4.2.4.2.2 Applications............................................................................................................ 172
4.2.4.2.2.1 France Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032..................................................................... 172
4.2.4.2.2.2 France Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 173
4.2.4.2.2.3 France Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 174
4.2.4.2.3 Products ................................................................................................................. 174
4.2.4.2.3.1 France Immersion Cooling Fluids Market for EVs (by Product Type),
Value and Volume Data, 2021-2032..................................................................... 174
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4.2.4.2.3.2 France Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032 ............................................................................... 175
4.2.4.3 Italy ................................................................................................................176
4.2.4.3.1 Markets .................................................................................................................. 176
4.2.4.3.1.1 Buyer Attributes .............................................................................................. 176
4.2.4.3.1.2 Key Manufacturers in Italy .............................................................................. 176
4.2.4.3.1.3 Business Challenges ...................................................................................... 176
4.2.4.3.1.4 Business Drivers............................................................................................. 176
4.2.4.3.2 Applications............................................................................................................ 177
4.2.4.3.2.1 Italy Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032 ............................................................................... 177
4.2.4.3.2.2 Italy Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 178
4.2.4.3.2.3 Italy Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 179
4.2.4.3.3 Products ................................................................................................................. 179
4.2.4.3.3.1 Italy Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032 ............................................................................... 179
4.2.4.3.3.2 Italy Immersion Cooling Fluids Market for EVs (by Chemistry), Value and
Volume Data, 2021-2032 ...................................................................................... 180
4.2.4.4 Spain..............................................................................................................181
4.2.4.4.1 Markets .................................................................................................................. 181
4.2.4.4.1.1 Buyer Attributes .............................................................................................. 181
4.2.4.4.1.2 Key Manufacturers in Spain............................................................................ 181
4.2.4.4.1.3 Business Challenges ...................................................................................... 181
4.2.4.4.1.4 Business Drivers............................................................................................. 181
4.2.4.4.2 Applications............................................................................................................ 182
4.2.4.4.2.1 Spain Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032 ............................................................................... 182
4.2.4.4.2.2 Spain Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 183
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4.2.4.4.2.3 Spain Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 184
4.2.4.4.3 Products ................................................................................................................. 185
4.2.4.4.3.1 Spain Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032 ............................................................................... 185
4.2.4.4.3.2 Spain Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032 ............................................................................... 185
4.2.4.5 Rest-of-Europe...............................................................................................186
4.2.4.5.1 Markets .................................................................................................................. 186
4.2.4.5.1.1 Buyer Attributes .............................................................................................. 186
4.2.4.5.1.2 Key Manufacturers in Rest-of-Europe ............................................................ 186
4.2.4.5.1.3 Business Challenges ...................................................................................... 187
4.2.4.5.1.4 Business Drivers............................................................................................. 187
4.2.4.5.2 Applications............................................................................................................ 187
4.2.4.5.2.1 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Vehicle
Type), Value and Volume Data, 2021-2032.......................................................... 187
4.2.4.5.2.2 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Propulsion
Type), Value and Volume Data, 2021-2032.......................................................... 188
4.2.4.5.2.3 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by
Application), Value and Volume Data, 2021-2032................................................ 189
4.2.4.5.3 Products ................................................................................................................. 190
4.2.4.5.3.1 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Product
Type), Value and Volume Data, 2021-2032.......................................................... 190
4.2.4.5.3.2 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Chemistry),
Value and Volume Data, 2021-2032..................................................................... 191
4.3 U.K. .................................................................................................................193
4.3.1 Markets.......................................................................................................193
4.3.1.1 Buyer Attributes..............................................................................................193
4.3.1.2 Key Manufacturers in the U.K.........................................................................193
4.3.1.3 Competitive Benchmarking ............................................................................193
4.3.1.4 Business Challenges......................................................................................194
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4.3.1.5 Business Drivers ............................................................................................194
4.3.2 Applications...............................................................................................195
4.3.2.1 U.K. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032.........................................................................195
4.3.2.2 U.K. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value
and Volume Data, 2021-2032.........................................................................196
4.3.2.3 U.K. Immersion Cooling Fluids Market for EVs (by Application), Value and
Volume Data, 2021-2032 ...............................................................................197
4.3.3 Products.....................................................................................................197
4.3.3.1 U.K. Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032.........................................................................197
4.3.3.2 U.K. Immersion Cooling Fluids Market for EVs (by Chemistry), Value and
Volume Data, 2021-2032 ...............................................................................198
4.4 China...............................................................................................................200
4.4.1 Markets.......................................................................................................200
4.4.1.1 Buyer Attributes..............................................................................................200
4.4.1.2 Key Manufacturers in China ...........................................................................200
4.4.1.3 Competitive Benchmarking ............................................................................201
4.4.1.4 Business Challenges......................................................................................201
4.4.1.5 Business Drivers ............................................................................................201
4.4.2 Applications...............................................................................................202
4.4.2.1 China Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032.........................................................................202
4.4.2.2 China Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032...............................................................203
4.4.2.3 China Immersion Cooling Fluids Market for EVs (by Application), Value and
Volume Data, 2021-2032 ...............................................................................204
4.4.3 Products.....................................................................................................205
4.4.3.1 China Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032.........................................................................205
4.4.3.2 China Immersion Cooling Fluids Market for EVs (by Chemistry), Value and
Volume Data, 2021-2032 ...............................................................................206
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4.5 Asia-Pacific and Japan..................................................................................208
4.5.1 Markets.......................................................................................................208
4.5.1.1 Buyer Attributes..............................................................................................208
4.5.1.2 Key Manufacturers in Asia-Pacific and Japan ................................................208
4.5.1.3 Competitive Benchmarking ............................................................................208
4.5.1.4 Business Challenges......................................................................................209
4.5.1.5 Business Drivers ............................................................................................209
4.5.2 Applications...............................................................................................210
4.5.2.1 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by
Vehicle Type), Value and Volume Data, 2021-2032.......................................210
4.5.2.2 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by
Propulsion Type), Value and Volume Data, 2021-2032..................................211
4.5.2.3 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by
Application), Value and Volume Data, 2021-2032 ..........................................212
4.5.3 Products.....................................................................................................213
4.5.3.1 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by
Product Type), Value and Volume Data, 2021-2032 ......................................213
4.5.3.2 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by
Chemistry), Value and Volume Data, 2021-2032............................................214
4.5.4 Asia-Pacific and Japan: Country-Level Analysis....................................214
4.5.4.1 Japan.............................................................................................................214
4.5.4.1.1 Markets .................................................................................................................. 214
4.5.4.1.1.1 Buyer Attributes .............................................................................................. 214
4.5.4.1.1.2 Key Manufacturers in Japan........................................................................... 215
4.5.4.1.1.3 Business Challenges ...................................................................................... 215
4.5.4.1.1.4 Business Drivers............................................................................................. 215
4.5.4.1.2 Applications............................................................................................................ 216
4.5.4.1.2.1 Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032 ............................................................................... 216
4.5.4.1.2.2 Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 217
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4.5.4.1.2.3 Japan Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 218
4.5.4.1.3 Products ................................................................................................................. 218
4.5.4.1.3.1 Japan Immersion Cooling Fluids Market for EVs (by Product Type),
Value and Volume Data, 2021-2032..................................................................... 218
4.5.4.1.3.2 Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032 ............................................................................... 219
4.5.4.2 South Korea...................................................................................................220
4.5.4.2.1 Markets .................................................................................................................. 220
4.5.4.2.1.1 Buyer Attributes .............................................................................................. 220
4.5.4.2.1.2 Key Manufacturers in South Korea................................................................. 220
4.5.4.2.1.3 Business Challenges ...................................................................................... 220
4.5.4.2.1.4 Business Drivers............................................................................................. 221
4.5.4.2.2 Applications............................................................................................................ 221
4.5.4.2.2.1 South Korea Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032..................................................................... 221
4.5.4.2.2.2 South Korea Immersion Cooling Fluids Market for EVs (by Propulsion
Type), Value and Volume Data, 2021-2032.......................................................... 222
4.5.4.2.2.3 South Korea Immersion Cooling Fluids Market for EVs (by Application),
Value and Volume Data, 2021-2032..................................................................... 223
4.5.4.2.3 Products ................................................................................................................. 224
4.5.4.2.3.1 South Korea Immersion Cooling Fluids Market for EVs (by Product
Type), Value and Volume Data, 2021-2032.......................................................... 224
4.5.4.2.3.2 South Korea Immersion Cooling Fluids Market for EVs (by Chemistry),
Value and Volume Data, 2021-2032..................................................................... 225
4.5.4.3 India...............................................................................................................225
4.5.4.3.1 Markets .................................................................................................................. 225
4.5.4.3.1.1 Buyer Attributes .............................................................................................. 225
4.5.4.3.1.2 Key Manufacturers in India............................................................................. 226
4.5.4.3.1.3 Business Challenges ...................................................................................... 226
4.5.4.3.1.4 Business Drivers............................................................................................. 226
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4.5.4.3.2 Applications............................................................................................................ 227
4.5.4.3.2.1 India Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value
and Volume Data, 2021-2032 ............................................................................... 227
4.5.4.3.2.2 India Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 228
4.5.4.3.2.3 India Immersion Cooling Fluids Market for EVs (by Application), Value
and Volume Data, 2021-2032 ............................................................................... 229
4.5.4.3.3 Products ................................................................................................................. 229
4.5.4.3.3.1 India Immersion Cooling Fluids Market for EVs (by Product Type), Value
and Volume Data, 2021-2032 ............................................................................... 229
4.5.4.3.3.2 India Immersion Cooling Fluids Market for EVs (by Chemistry), Value and
Volume Data, 2021-2032 ...................................................................................... 230
4.5.4.4 Australia.........................................................................................................231
4.5.4.4.1 Markets .................................................................................................................. 231
4.5.4.4.1.1 Buyer Attributes .............................................................................................. 231
4.5.4.4.1.2 Key Manufacturers in Australia....................................................................... 231
4.5.4.4.1.3 Business Challenges ...................................................................................... 231
4.5.4.4.1.4 Business Drivers............................................................................................. 231
4.5.4.4.2 Applications............................................................................................................ 232
4.5.4.4.2.1 Australia Immersion Cooling Fluids Market for EVs (by Vehicle Type),
Value and Volume Data, 2021-2032..................................................................... 232
4.5.4.4.2.2 Australia Immersion Cooling Fluids Market for EVs (by Propulsion Type),
Value and Volume Data, 2021-2032..................................................................... 233
4.5.4.4.2.3 Australia Immersion Cooling Fluids Market for EVs (by Application),
Value and Volume Data, 2021-2032..................................................................... 234
4.5.4.4.3 Products ................................................................................................................. 235
4.5.4.4.3.1 Australia Immersion Cooling Fluids Market for EVs (by Product Type),
Value and Volume Data, 2021-2032..................................................................... 235
4.5.4.4.3.2 Australia Immersion Cooling Fluids Market for EVs (by Chemistry), Value
and Volume Data, 2021-2032 ............................................................................... 235
4.5.4.5 Rest-of-Asia-Pacific and Japan ......................................................................236
4.5.4.5.1 Markets .................................................................................................................. 236
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4.5.4.5.1.1 Buyer Attributes .............................................................................................. 236
4.5.4.5.1.2 Key Manufacturers in Rest-of-Asia-Pacific and Japan................................... 236
4.5.4.5.1.3 Business Challenges ...................................................................................... 237
4.5.4.5.1.4 Business Drivers............................................................................................. 237
4.5.4.5.2 Applications............................................................................................................ 238
4.5.4.5.2.1 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs
(by Vehicle Type), Value and Volume Data, 2021-2032....................................... 238
4.5.4.5.2.2 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs
(by Propulsion Type), Value and Volume Data, 2021-2032 ................................. 239
4.5.4.5.2.3 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs
(by Application), Value and Volume Data, 2021-2032.......................................... 240
4.5.4.5.3 Products ................................................................................................................. 241
4.5.4.5.3.1 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs
(by Product Type), Value and Volume Data, 2021-2032 ...................................... 241
4.5.4.5.3.2 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs
(by Chemistry), Value and Volume Data, 2021-2032 ........................................... 241
4.6 Rest-of-the-World ..........................................................................................244
4.6.1 Markets.......................................................................................................244
4.6.1.1 Buyer Attributes..............................................................................................244
4.6.1.2 Key Manufacturers in Rest-of-the-World.........................................................244
4.6.1.3 Competitive Benchmarking ............................................................................245
4.6.1.4 Business Challenges......................................................................................245
4.6.1.5 Business Drivers ............................................................................................245
4.6.2 Applications...............................................................................................247
4.6.2.1 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Vehicle
Type), Value and Volume Data, 2021-2032....................................................247
4.6.2.2 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Propulsion
Type), Value and Volume Data, 2021-2032....................................................248
4.6.2.3 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by
Application), Value and Volume Data, 2021-2032 ..........................................249
4.6.3 Products.....................................................................................................249
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4.6.3.1 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Product
Type), Value and Volume Data, 2021-2032....................................................249
4.6.3.2 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by
Chemistry), Value and Volume Data, 2021-2032............................................250
5. Markets - Competitive Benchmarking & Company Profiles...... 251
5.1 Competitive Benchmarking ..........................................................................252
5.2 Market Share Analysis ..................................................................................252
5.3 Company Profiles ..........................................................................................253
5.3.1 Type 1 Companies: Immersion Cooling Fluids Manufacturers .............253
5.3.1.1 FUCHS ..........................................................................................................253
5.3.1.1.1 Company Overview................................................................................................ 253
5.3.1.1.1.1 Role of FUCHS in the Immersion Cooling Fluids Market for EVs .................. 253
5.3.1.1.1.2 Product Portfolio ............................................................................................. 253
5.3.1.1.2 Business Strategies ............................................................................................... 254
5.3.1.1.2.1 FUCHS: Product Development....................................................................... 254
5.3.1.1.3 Corporate Strategies.............................................................................................. 254
5.3.1.1.3.1 FUCHS: Mergers and Acquisitions................................................................. 254
5.3.1.1.3.2 FUCHS: Partnerships, Joint Ventures, Collaborations, and Alliances ........... 255
5.3.1.1.4 Production Sites and R&D Analysis....................................................................... 255
5.3.1.1.5 Analyst View........................................................................................................... 256
5.3.1.2 The Lubrizol Corporation................................................................................257
5.3.1.2.1 Company Overview................................................................................................ 257
5.3.1.2.1.1 Role of The Lubrizol Corporation in the Immersion Cooling Fluids Market
for EVs................................................................................................................... 257
5.3.1.2.1.2 Product Portfolio ............................................................................................. 257
5.3.1.2.2 Corporate Strategies.............................................................................................. 258
5.3.1.2.2.1 The Lubrizol Corporation: Partnerships, Joint Ventures, Collaborations,
and Alliances......................................................................................................... 258
5.3.1.2.3 Production Sites and R&D Analysis....................................................................... 258
5.3.1.2.4 Analyst View........................................................................................................... 259
5.3.1.3 3M..................................................................................................................260
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5.3.1.3.1 Company Overview................................................................................................ 260
5.3.1.3.1.1 Role of 3M in the Immersion Cooling Fluids Market for EVs.......................... 260
5.3.1.3.1.2 Product Portfolio ............................................................................................. 260
5.3.1.3.2 Production Sites and R&D Analysis....................................................................... 261
5.3.1.3.3 Analyst View........................................................................................................... 262
5.3.1.4 Castrol Limited ...............................................................................................263
5.3.1.4.1 Company Overview................................................................................................ 263
5.3.1.4.1.1 Role of Castrol Limited in the Immersion Cooling Fluids Market for EVs....... 263
5.3.1.4.1.2 Product Portfolio ............................................................................................. 264
5.3.1.4.2 Business Strategies ............................................................................................... 264
5.3.1.4.2.1 Castrol Limited: Product Development ........................................................... 264
5.3.1.4.3 Corporate Strategies.............................................................................................. 264
5.3.1.4.3.1 Castrol Limited: Partnerships, Joint Ventures, Collaborations, and
Alliances ................................................................................................................ 264
5.3.1.4.4 Production Sites and R&D Analysis....................................................................... 265
5.3.1.4.5 Analyst View........................................................................................................... 265
5.3.1.5 M&I Materials Ltd. ..........................................................................................266
5.3.1.5.1 Company Overview................................................................................................ 266
5.3.1.5.1.1 Role of M&I Materials Ltd. in the Immersion Cooling Fluids Market for
EVs........................................................................................................................ 266
5.3.1.5.1.2 Product Portfolio ............................................................................................. 266
5.3.1.5.2 Business Strategies ............................................................................................... 267
5.3.1.5.2.1 M&I Materials Ltd.: Product Development ...................................................... 267
5.3.1.5.3 Corporate Strategies.............................................................................................. 267
5.3.1.5.3.1 M&I Materials Ltd.: Partnerships, Joint Ventures, Collaborations, and
Alliances ................................................................................................................ 267
5.3.1.5.4 Production Sites and R&D Analysis....................................................................... 267
5.3.1.5.5 Analyst View........................................................................................................... 267
5.3.1.6 Engineered Fluids ..........................................................................................268
5.3.1.6.1 Company Overview................................................................................................ 268
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5.3.1.6.1.1 Role of Engineered Fluids in the Immersion Cooling Fluids Market for
EVs........................................................................................................................ 268
5.3.1.6.1.2 Product Portfolio ............................................................................................. 268
5.3.1.6.2 Production Sites and R&D Analysis....................................................................... 268
5.3.1.6.3 Analyst View........................................................................................................... 269
5.3.1.7 Shell plc .........................................................................................................270
5.3.1.7.1 Company Overview................................................................................................ 270
5.3.1.7.1.1 Role of Shell plc in the Immersion Cooling Fluids Market for EVs ................. 270
5.3.1.7.1.2 Product Portfolio ............................................................................................. 271
5.3.1.7.2 Business Strategies ............................................................................................... 271
5.3.1.7.2.1 Shell plc: Product Development ..................................................................... 271
5.3.1.7.3 Production Sites and R&D Analysis....................................................................... 271
5.3.1.7.4 Analyst View........................................................................................................... 272
5.3.1.8 TotalEnergies SE ...........................................................................................273
5.3.1.8.1 Company Overview................................................................................................ 273
5.3.1.8.1.1 Role of TotalEnergies SE in the Immersion Cooling Fluids Market for EVs
273
5.3.1.8.1.2 Product Portfolio ............................................................................................. 273
5.3.1.8.2 Business Strategies ............................................................................................... 274
5.3.1.8.2.1 TotalEnergies SE: Product Development....................................................... 274
5.3.1.8.3 Corporate Strategies.............................................................................................. 274
5.3.1.8.3.1 TotalEnergies SE: Partnerships, Joint Ventures, Collaborations, and
Alliances ................................................................................................................ 274
5.3.1.8.4 Production Sites and R&D Analysis....................................................................... 274
5.3.1.8.5 Analyst View........................................................................................................... 275
5.3.1.9 Cargill, Incorporated.......................................................................................276
5.3.1.9.1 Company Overview................................................................................................ 276
5.3.1.9.1.1 Role of Cargill, Incorporated in the Immersion Cooling Fluids Market for
EVs........................................................................................................................ 276
5.3.1.9.1.2 Product Portfolio ............................................................................................. 277
5.3.1.9.2 Business Strategies ............................................................................................... 277
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5.3.1.9.2.1 Cargill, Incorporated: Product Development................................................... 277
5.3.1.9.3 Production Sites and R&D Analysis....................................................................... 277
5.3.1.9.4 Analyst View........................................................................................................... 278
5.3.1.10 DOBER ..........................................................................................................279
5.3.1.10.1 Company Overview................................................................................................ 279
5.3.1.10.1.1Role of DOBER in the Immersion Cooling Fluids Market for EVs.................. 279
5.3.1.10.1.2Product Portfolio ............................................................................................. 279
5.3.1.10.2 Production Sites and R&D Analysis....................................................................... 280
5.3.1.10.3 Analyst View........................................................................................................... 280
5.3.1.11 LANXESS ......................................................................................................281
5.3.1.11.1 Company Overview................................................................................................ 281
5.3.1.11.1.1Role of LANXESS in the Immersion Cooling Fluids Market for EVs .............. 281
5.3.1.11.1.2Product Portfolio ............................................................................................. 281
5.3.1.11.2 Production Sites and R&D Analysis....................................................................... 282
5.3.1.11.3 Analyst View........................................................................................................... 282
5.3.2 Type 2 Companies: Immersion Cooling System Providers ...................283
5.3.2.1 XING Mobility .................................................................................................283
5.3.2.1.1 Company Overview................................................................................................ 283
5.3.2.1.1.1 Role of XING Mobility in the Immersion Cooling Fluids Market for EVs......... 283
5.3.2.1.1.2 Product Portfolio ............................................................................................. 283
5.3.2.1.2 Business Strategies ............................................................................................... 284
5.3.2.1.2.1 XING Mobility: Product Development ............................................................. 284
5.3.2.1.3 Corporate Strategies.............................................................................................. 284
5.3.2.1.3.1 XING Mobility: Partnerships, Joint Ventures, Collaborations, and
Alliances ................................................................................................................ 284
5.3.2.1.4 Analyst View........................................................................................................... 285
5.3.2.2 MAHLE GmbH ...............................................................................................286
5.3.2.2.1 Company Overview................................................................................................ 286
5.3.2.2.1.1 Role of MAHLE GmbH in the Immersion Cooling Fluids Market for EVs....... 286
5.3.2.2.1.2 Product Portfolio ............................................................................................. 286
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5.3.2.2.2 Business Strategies ............................................................................................... 287
5.3.2.2.2.1 MAHLE GmbH: Product Development ........................................................... 287
5.3.2.2.3 Production Sites and R&D Analysis....................................................................... 287
5.3.2.2.4 Analyst View........................................................................................................... 288
5.3.2.3 Kreisel Electric ...............................................................................................289
5.3.2.3.1 Company Overview................................................................................................ 289
5.3.2.3.1.1 Role of Kreisel Electric in the Immersion Cooling Fluids Market for EVs....... 289
5.3.2.3.1.2 Product Portfolio ............................................................................................. 289
5.3.2.3.2 Business Strategies ............................................................................................... 290
5.3.2.3.2.1 Kreisel Electric: Market Development............................................................. 290
5.3.2.3.3 Corporate Strategies.............................................................................................. 290
5.3.2.3.3.1 Kreisel Electric: Mergers and Acquisitions ..................................................... 290
5.3.2.3.3.2 Kreisel Electric: Partnerships, Joint Ventures, Collaborations, and
Alliances ................................................................................................................ 291
5.3.2.3.4 Analyst View........................................................................................................... 291
5.3.2.4 E-MERSIV......................................................................................................292
5.3.2.4.1 Company Overview................................................................................................ 292
5.3.2.4.1.1 Role of E-MERSIV in the Immersion Cooling Fluids Market for EVs ............. 292
5.3.2.4.1.2 Product Portfolio ............................................................................................. 292
5.3.2.4.2 Analyst View........................................................................................................... 293
5.3.3 Other Key Companies...............................................................................293
5.4 Customer Outlook: Electric Vehicle Manufacturers ..................................294
5.4.1 Tesla Inc.....................................................................................................294
5.4.1.1 Company Overview........................................................................................294
5.4.1.2 Electric Vehicle Production.............................................................................294
5.4.1.3 Product Overview...........................................................................................295
5.4.2 Volkswagen AG .........................................................................................296
5.4.2.1 Company Overview........................................................................................296
5.4.2.2 Electric Vehicle Production.............................................................................296
5.4.2.3 Product Overview...........................................................................................297
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5.4.3 SAIC Motors...............................................................................................298
5.4.3.1 Company Overview........................................................................................298
5.4.3.2 Electric Vehicle Production.............................................................................298
5.4.3.3 Product Overview...........................................................................................299
5.4.4 BYD Co. Ltd. ..............................................................................................300
5.4.4.1 Company Overview........................................................................................300
5.4.4.2 Electric Vehicle Production.............................................................................300
5.4.4.3 Product Overview...........................................................................................301
5.4.5 Stellantis N.V. ............................................................................................302
5.4.5.1 Company Overview........................................................................................302
5.4.5.2 Electric Vehicle Production.............................................................................302
5.4.5.3 Product Overview...........................................................................................303
5.4.6 General Motors ..........................................................................................304
5.4.6.1 Company Overview........................................................................................304
5.4.6.2 Electric Vehicle Production.............................................................................304
5.4.6.3 Product Overview...........................................................................................305
5.4.7 Ford Motor Company ................................................................................306
5.4.7.1 Company Overview........................................................................................306
5.4.7.2 Electric Vehicle Production.............................................................................306
5.4.7.3 Product Overview...........................................................................................307
5.4.8 Hyundai Motor Company..........................................................................308
5.4.8.1 Company Overview........................................................................................308
5.4.8.2 Electric Vehicle Production.............................................................................308
5.4.8.3 Product Overview...........................................................................................309
5.4.9 Honda Motor Co., Ltd................................................................................310
5.4.9.1 Company Overview........................................................................................310
5.4.9.2 Electric Vehicle Production.............................................................................310
5.4.9.3 Product Overview...........................................................................................311
5.4.10 Groupe Renault..........................................................................................312
5.4.10.1 Company Overview........................................................................................312
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5.4.10.2 Electric Vehicle Production.............................................................................312
5.4.10.3 Product Overview...........................................................................................313
5.4.11 Toyota Motor Corporation ........................................................................314
5.4.11.1 Company Overview........................................................................................314
5.4.11.2 Electric Vehicle Production.............................................................................314
5.4.11.3 Product Overview...........................................................................................315
5.4.12 Bayerische Motoren Werke AG ................................................................316
5.4.12.1 Company Overview........................................................................................316
5.4.12.2 Electric Vehicle Production.............................................................................316
5.4.12.3 Product Overview...........................................................................................317
6. Research Methodology........................................................... 318
6.1 Data Sources..................................................................................................318
6.1.1 Primary Data Sources ...............................................................................318
6.1.2 Secondary Data Sources ..........................................................................318
6.2 Data Triangulation .........................................................................................319
6.3 Market Estimation and Forecast...................................................................321
6.3.1 Factors for Data Prediction and Modeling ..............................................321
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List of Figures
Figure 1: Immersion Cooling Fluids Market for EVs Overview, Million Liters, 2021-2032
Figure 2: Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Figure 3: Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
Figure 4: Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2022, 2026, and 2032
Figure 5: Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Figure 6: Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Figure 7: Immersion Cooling Fluids Market for EVs (by Region), Value, $Million, 2021
Figure 8: Immersion Cooling Fluids Market for EVs: Coverage
Figure 9: Electric Vehicle Trends: Current and Future
Figure 10: Immersion Cooling Fluids Market for EVs Supply Chain Analysis
Figure 11: Stakeholders in Immersion Cooling Fluids Market for EVs
Figure 12: Base Oil Groups for Immersion Cooling Fluid
Figure 13: Business Dynamics for Immersion Cooling Fluids Market for EVs
Figure 14: Driving Range of Various Electric Vehicles
Figure 15: Components in an EV Battery
Figure 16: Key Business Strategies, 2020-2022
Figure 17: Product Development (by Company), 2020-2022
Figure 18: Key Corporate Strategies, 2020-2022
Figure 19: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), 2020-2022
Figure 20: Coolants in EV Charging Cables
Figure 21: Timeline for Autonomous Vehicles
Figure 22: Immersion Cooling Fluids Market for EVs (by Vehicle Type)
Figure 23: Immersion Cooling Fluids Market for EVs (by Propulsion Type)
Figure 24: Component Structures for HEVs, PHEVs, and BEVs
Figure 25: Immersion Cooling Fluids Market for EVs (by Application)
Figure 26: Immersion Cooling Fluids Market for EVs (Passenger Vehicles), $Million and Million Liters, 2021-
2032
Figure 27: Immersion Cooling Fluids Market for EVs (Light Commercial Vehicles), $Million and Million Liters,
2021-2032
Figure 28: Immersion Cooling Fluids Market for EVs (Heavy Commercial Vehicles), $Million and Million
Liters, 2021-2032
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Figure 29: Immersion Cooling Fluids Market for EVs (Battery Electric Vehicles), $Million and Million Liters,
2021-2032
Figure 30: Immersion Cooling Fluids Market for EVs (Hybrid Electric Vehicles), $Million and Million Liters,
2021-2032
Figure 31: Immersion Cooling Fluids Market for EVs (Plug-in Hybrid Electric Vehicles), $Million and Million
Liters, 2021-2032
Figure 32: Immersion Cooling Fluids Market for EVs (EV Batteries), $Million and Million Liters, 2021-2032
Figure 33: Immersion Cooling Fluids Market for EVs (EV Motors), $Million and Million Liters, 2021-2032
Figure 34: Immersion Cooling Fluids Market for EVs (Power Electronics), $Million and Million Liters, 2021-
2032
Figure 35: Immersion Cooling Fluids Market for EVs (by Product Type)
Figure 36: Immersion Cooling Fluids Market for EVs (by Chemistry)
Figure 37: Immersion Cooling Fluids Market for EVs (Single-Phase Coolant), $Million and Million Liters,
2021-2032
Figure 38: Immersion Cooling Fluids Market for EVs (Two-Phase Coolant), $Million and Million Liters, 2021-
2032
Figure 39: Immersion Cooling Fluids Market for EVs (Mineral Oils), $Million and Million Liters, 2021-2032
Figure 40: Immersion Cooling Fluids Market for EVs (Synthetic Oils and Esters), $Million and Million Liters,
2021-2032
Figure 41: Immersion Cooling Fluids Market for EVs Opportunity Matrix (by Region), $Million
Figure 42: Immersion Cooling Fluids Market for EVs Opportunity Matrix (by Product Type), $Million
Figure 43: Immersion Cooling Fluids Market for EVs Opportunity Matrix (by Chemistry), $Million
Figure 44: Global Pricing Analysis (by Product Type), $USD/Liter, 2021-2032
Figure 45: Technology Roadmap for Electric Vehicles
Figure 46: Competitive Benchmarking in North America, 2021
Figure 47: North America Immersion Cooling Fluids Market for EVs, $Million and Million Liters, 2021-2032
Figure 48: Competitive Benchmarking in Europe, 2021
Figure 49: Europe Immersion Cooling Fluids Market for EVs, $Million and Million Liters, 2021-2032
Figure 50: Competitive Benchmarking in U.K., 2021
Figure 51: U.K. Immersion Cooling Fluids Market for EVs, $Million and Million Liters, 2021-2032
Figure 52: Competitive Benchmarking in China, 2021
Figure 53: China Immersion Cooling Fluids Market for EVs, $Million and Thousand Liters, 2021-2032
Figure 54: Competitive Benchmarking in Asia-Pacific and Japan, 2021
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Figure 55: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs, $Million and Thousand Liters,
2021-2032
Figure 56: Competitive Benchmarking in Rest-of-the-World, 2021
Figure 57: Rest-of-the-World Immersion Cooling Fluids Market for EVs, $Thousand and Thousand Liters,
2021-2032
Figure 58: Competitive Benchmarking, 2021
Figure 59: FUCHS: R&D Expenditure, $Million, 2019-2021
Figure 60: 3M: R&D Expenditure, $Billion, 2019-2021
Figure 61: Shell plc: R&D Expenditure, $Million, 2019-2021
Figure 62: TotalEnergies SE: R&D Expenditure, $Million, 2019-2021
Figure 63: LANXESS: R&D Expenditure, $Million, 2019-2021
Figure 64: MAHLE GmbH: R&D Expenditure, $Million, 2019-2021
Figure 65: Electric Vehicle Production: Tesla Inc., 2019-2021
Figure 66: Electric Vehicle Production: Volkswagen AG, 2019-2021
Figure 67: Electric Vehicle Production: SAIC Motors, 2019-2021
Figure 68: Electric Vehicle Production: BYD Co. Ltd., 2019-2021
Figure 69: Electric Vehicle Production: Stellantis N.V., 2019-2021
Figure 70: Electric Vehicle Production: General Motors, 2019-2021
Figure 71: Electric Vehicle Production: Ford Motor Company, 2019-2021
Figure 72: Electric Vehicle Production: Hyundai Motor Company, 2019-2021
Figure 73: Electric Vehicle Production: Honda Motor Co., Ltd., 2019-2021
Figure 74: Electric Vehicle Production: Groupe Renault, 2019-2021
Figure 75: Electric Vehicle Production: Toyota Motor Corporation, 2019-2021
Figure 76: Electric Vehicle Production: Bayerische Motoren Werke AG, 2019-2021
Figure 77: Research Methodology
Figure 78: Data Triangulation
Figure 79: Top-Down and Bottom-Up Approach
Figure 80: Assumptions and Limitations
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List of Tables
Table 1: Immersion Cooling Fluids Market for EVs Overview
Table 2: Need to Use Immersion Cooling Technology
Table 3: Comparative Analysis: Liquid Cooling Vs. Immersion Cooling
Table 4: Government Initiatives for Electric Vehicles
Table 5: Programs by Research Institutions and Universities
Table 6: Key Patent Mapping for Immersion Colling Fluids Market for EVs
Table 7: Key Initiatives by Companies in the Immersion Cooling Fluids Market for EVs
Table 8: Impact of Business Drivers
Table 9: Effect of Thermal Conditions on EV Batteries
Table 10: Impact of Business Restraints
Table 11: Impact of Business Opportunities
Table 12: Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Table 13: Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 14: Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
Table 15: Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 16: Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032
Table 17: Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 18: Single-Phase Coolant Vs Two-Phase Coolant
Table 19: Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Table 20: Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 21: Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Table 22: Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 23: Immersion Cooling Fluids Market for EVs (by Region), Million Liters, 2021-2032
Table 24: Immersion Cooling Fluids Market for EVs (by Region), $Million, 2021-2032
Table 25: North America Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-
2032
Table 26: North America Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 27: North America Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters,
2021-2032
Table 28: North America Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-
2032
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Table 29: North America Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-
2032
Table 30: North America Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 31: North America Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-
2032
Table 32: North America Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 33: North America Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-
2032
Table 34: North America Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 35: U.S. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Table 36: U.S. Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 37: U.S. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
Table 38: U.S. Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 39: U.S. Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032
Table 40: U.S. Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 41: U.S. Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Table 42: U.S. Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 43: U.S. Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Table 44: U.S. Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 45: Canada Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-
2032
Table 46: Canada Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 47: Canada Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-
2032
Table 48: Canada Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 49: Canada Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 50: Canada Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 51: Canada Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-
2032
Table 52: Canada Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 53: Canada Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 54: Canada Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 55: Mexico Immersion Cooling Fluids Market for EVs (by Vehicle Type), Liters, 2021-2032
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Table 56: Mexico Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032
Table 57: Mexico Immersion Cooling Fluids Market for EVs (by Propulsion Type), Liters, 2021-2032
Table 58: Mexico Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Thousand, 2021-2032
Table 59: Mexico Immersion Cooling Fluids Market for EVs (by Application), Liters, 2021-2032
Table 60: Mexico Immersion Cooling Fluids Market for EVs (by Application), $Thousand, 2021-2032
Table 61: Mexico Immersion Cooling Fluids Market for EVs (by Product Type), Liters, 2021-2032
Table 62: Mexico Immersion Cooling Fluids Market for EVs (by Product Type), $Thousand, 2021-2032
Table 63: Mexico Immersion Cooling Fluids Market for EVs (by Chemistry), Liters, 2021-2032
Table 64: Mexico Immersion Cooling Fluids Market for EVs (by Chemistry), $Thousand, 2021-2032
Table 65: Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Table 66: Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 67: Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
Table 68: Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 69: Europe Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032
Table 70: Europe Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 71: Europe Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Table 72: Europe Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 73: Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Table 74: Europe Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 75: Germany Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Table 76: Germany Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 77: Germany Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-
2032
Table 78: Germany Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 79: Germany Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032
Table 80: Germany Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 81: Germany Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Table 82: Germany Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 83: Germany Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Table 84: Germany Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 85: France Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Table 86: France Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 87: France Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
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Table 88: France Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 89: France Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032
Table 90: France Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 91: France Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Table 92: France Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 93: France Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Table 94: France Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 95: Italy Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 96: Italy Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032
Table 97: Italy Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 98: Italy Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 99: Italy Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 100: Italy Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 101: Italy Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 102: Italy Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 103: Italy Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 104: Italy Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 105: Spain Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 106: Spain Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 107: Spain Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-
2032
Table 108: Spain Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 109: Spain Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 110: Spain Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 111: Spain Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 112: Spain Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 113: Spain Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 114: Spain Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 115: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters,
2021-2032
Table 116: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 117: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters,
2021-2032
32
All rights reserved at BIS Research Inc.
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Table 118: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-
2032
Table 119: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters,
2021-2032
Table 120: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 121: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters,
2021-2032
Table 122: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 123: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-
2032
Table 124: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 125: U.K. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032
Table 126: U.K. Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 127: U.K. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
Table 128: U.K. Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 129: U.K. Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032
Table 130: U.K. Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 131: U.K. Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032
Table 132: U.K. Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 133: U.K. Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032
Table 134: U.K. Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 135: China Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 136: China Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 137: China Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-
2032
Table 138: China Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 139: China Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 140: China Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 141: China Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 142: China Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 143: China Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 144: China Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf
Immersion Cooling Fluids Market for EVs.pdf

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Immersion Cooling Fluids Market for EVs.pdf

  • 1. 1 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s fres Focus on Product, Application, and Country- Level Analysis Analysis and Forecast: 2022-2032 February 2023 Immersion Cooling Fluids Market for EVs - A Global and Regional Analysis Table of Content
  • 2. 2 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s BIS Research is a leading market intelligence and technology research company. BIS Research publishes in- depth market intelligence reports focusing on the market estimations, technology analysis, emerging high- growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services. Copyright © 2023 BIS Research Inc. All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research. Disclosing, copying, circulating, quoting, or otherwise reproducing any or all contents of this document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third party.
  • 3. 3 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Table of Content Executive Summary ........................................................................ 40 Scope of the Study.......................................................................... 48 1. Markets .................................................................................... 52 1.1 Industry Outlook..............................................................................................53 1.1.1 Immersion Cooling Fluids: Overview ........................................................53 1.1.1.1 History of EV Battery Thermal Management ....................................................54 1.1.1.2 Immersion Cooling: The Way Forward for Electric Vehicle Battery Thermal Management....................................................................................................54 1.1.2 Overview of Regulatory Hurdles ................................................................56 1.1.2.1 Battery Issues ..................................................................................................56 1.1.2.2 Fire-Related Regulations..................................................................................58 1.1.2.2.1 China EV Fire-Related Regulations......................................................................... 58 1.1.2.2.2 Canada EV Fire-Related Regulations...................................................................... 58 1.1.2.2.3 U.S. EV Fire-Related Regulations ........................................................................... 59 1.1.2.2.4 France EV Fire-Related Regulations ....................................................................... 59 1.1.2.2.5 South Korea EV Fire-Related Regulations .............................................................. 59 1.1.2.2.6 India EV Fire-Related Regulations........................................................................... 60 1.1.3 Trends: Current and Future........................................................................61 1.1.4 Supply Chain Network ................................................................................62 1.1.5 Comparative Analysis: Liquid Cooling Vs. Immersion Cooling ..............63 1.1.6 Case Study: Solving EV Range Anxiety ....................................................64 1.1.7 Additives for Fluids in Electric Vehicle Batteries .....................................65 1.1.7.1 Analyst View on Additives for Fluids in EV Batteries ........................................67 1.1.8 Ecosystem/Ongoing Programs ..................................................................68 1.1.8.1 Consortiums, Associations, and Regulatory Bodies .........................................68 1.1.8.1.1 North America .......................................................................................................... 68 1.1.8.1.2 Europe...................................................................................................................... 69 1.1.8.1.3 Asia-Pacific and Japan ............................................................................................ 70 1.1.8.2 Government Initiatives......................................................................................70
  • 4. 4 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 1.1.8.3 Programs by Research Institutions and Universities.........................................74 1.1.9 Key Patent Mapping ....................................................................................76 1.1.9.1 Past Vs. Future of Research and Development Activities in the Immersion Cooling Fluids Market for EVs..........................................................................78 1.1.10 Overview of EV Fluid Cost Estimation.......................................................80 1.2 Business Dynamics.........................................................................................82 1.2.1 Business Drivers .........................................................................................83 1.2.1.1 Rising Acceptance of Electric Vehicles.............................................................83 1.2.1.2 Need to Increase the Driving Range of Electric Vehicles..................................84 1.2.1.3 Thermal Management in Electric Vehicles........................................................86 1.2.1.4 Growing Need for Enhanced Electrification Components .................................87 1.2.1.5 Immersion Cooling for Electric Vehicle Batteries ..............................................87 1.2.2 Business Restraints....................................................................................89 1.2.2.1 Higher Cost of Immersion Cooling Fluids for EVs.............................................89 1.2.2.2 Developing Environment-Friendly Electric Vehicle Fluids.................................90 1.2.2.3 Complex Battery Chemistry and Amount of Immersion Cooling Fluid Needed ............................................................................................................90 1.2.2.4 Changes Required to be Made in the Construction of EV Batteries..................91 1.2.2.5 Lack of Knowledge About the Advantages of Immersion Cooling.....................91 1.2.3 Business Strategies ....................................................................................92 1.2.3.1 Product Development.......................................................................................92 1.2.3.2 Market Development ........................................................................................93 1.2.4 Corporate Strategies...................................................................................94 1.2.4.1 Mergers and Acquisitions .................................................................................94 1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances.............................95 1.2.5 Business Opportunities..............................................................................96 1.2.5.1 Coolants for EV Electronics and Charging Port Cables ....................................96 1.2.5.2 Stringent Regulations by Government Bodies for Promoting Sustainable EV Environment ...............................................................................................97 1.2.5.3 Growing Trend for the Development of Autonomous Vehicles..........................97
  • 5. 5 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 1.3 Impact of COVID-19 on the industry ..............................................................98 2. Application............................................................................. 100 2.1 Immersion Cooling Fluids Market for EVs – Applications and Specifications ................................................................................................101 2.1.1 Immersion Cooling Fluids Market for EVs (by Vehicle Type) ................101 2.1.1.1 Passenger Vehicles .......................................................................................101 2.1.1.2 Light Commercial Vehicles.............................................................................102 2.1.1.3 Heavy Commercial Vehicles...........................................................................102 2.1.2 Immersion Cooling Fluids Market for EVs (by Propulsion Type)..........103 2.1.2.1 Battery Electric Vehicles (BEVs) ....................................................................104 2.1.2.2 Hybrid Electric Vehicles (HEVs) .....................................................................105 2.1.2.3 Plug-in Hybrid Electric Vehicles (PHEVs).......................................................105 2.1.3 Immersion Cooling Fluids Market for EVs (by Application) ..................106 2.1.3.1 EV Batteries...................................................................................................106 2.1.3.2 EV Motors ......................................................................................................107 2.1.3.3 Power Electronics ..........................................................................................108 2.2 Immersion Cooling Fluids Market for EVs – Demand Analysis (by Applications)..................................................................................................109 2.2.1 Immersion Cooling Fluids Market for EVs (by Vehicle Type), Volume and Value Data...........................................................................................109 2.2.1.1 Passenger Vehicles .......................................................................................110 2.2.1.2 Light Commercial Vehicles.............................................................................110 2.2.1.3 Heavy Commercial Vehicles...........................................................................111 2.2.2 Immersion Cooling Fluids Market for EVs (by Propulsion Type), Volume and Value Data.............................................................................111 2.2.2.1 Battery Electric Vehicles.................................................................................112 2.2.2.2 Hybrid Electric Vehicles..................................................................................113 2.2.2.3 Plug-in Hybrid Electric Vehicles......................................................................113 2.2.3 Immersion Cooling Fluids Market for EVs (by Application), Volume and Value Data...........................................................................................114 2.2.3.1 EV Batteries...................................................................................................115
  • 6. 6 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 2.2.3.2 EV Motors ......................................................................................................115 2.2.3.3 Power Electronics ..........................................................................................116 3. Products ................................................................................ 117 3.1 Immersion Cooling Fluids Market for EVs – Products and Specifications ................................................................................................118 3.1.1 Immersion Cooling Fluids Market for EVs (by Product Type) ...............118 3.1.1.1 Single-Phase Coolant.....................................................................................118 3.1.1.2 Two-Phase Coolant........................................................................................119 3.1.2 Immersion Cooling Fluids Market for EVs (by Chemistry) ....................120 3.1.2.1 Mineral Oils....................................................................................................120 3.1.2.2 Synthetic Oils and Esters ...............................................................................121 3.2 Immersion Cooling Fluids Market for EVs – Demand Analysis (by Products)........................................................................................................122 3.2.1 Immersion Cooling Fluids Market for EVs (by Product Type), Volume and Value Data.............................................................................122 3.2.1.1 Single-Phase Coolant.....................................................................................123 3.2.1.2 Two-Phase Coolant........................................................................................123 3.2.2 Immersion Cooling Fluids Market for EVs (by Chemistry), Volume and Value Data...........................................................................................124 3.2.2.1 Mineral Oils....................................................................................................124 3.2.2.2 Synthetic Oils and Esters ...............................................................................125 3.3 Product Benchmarking: Growth Rate – Market Share Matrix....................125 3.3.1 Opportunity Matrix (by Region)................................................................125 3.3.2 Opportunity Matrix (by Product Type).....................................................126 3.3.3 Opportunity Matrix (by Chemistry) ..........................................................126 3.4 Global Pricing Analysis.................................................................................127 3.5 Technology Roadmap ...................................................................................128 4. Regions.................................................................................. 129 4.1 North America................................................................................................133 4.1.1 Markets.......................................................................................................133 4.1.1.1 Buyer Attributes..............................................................................................133
  • 7. 7 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.1.1.2 Key Manufacturers in North America..............................................................133 4.1.1.3 Competitive Benchmarking ............................................................................133 4.1.1.4 Business Challenges......................................................................................134 4.1.1.5 Business Drivers ............................................................................................134 4.1.2 Applications...............................................................................................135 4.1.2.1 North America Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032...............................................................135 4.1.2.2 North America Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032....................................................136 4.1.2.3 North America Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032...............................................................137 4.1.3 Products.....................................................................................................138 4.1.3.1 North America Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032....................................................138 4.1.3.2 North America Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032...............................................................139 4.1.4 North America: Country-Level Analysis..................................................139 4.1.4.1 U.S.................................................................................................................139 4.1.4.1.1 Markets .................................................................................................................. 139 4.1.4.1.1.1 Buyer Attributes .............................................................................................. 139 4.1.4.1.1.2 Key Manufacturers in the U.S......................................................................... 140 4.1.4.1.1.3 Business Challenges ...................................................................................... 140 4.1.4.1.1.4 Business Drivers............................................................................................. 141 4.1.4.1.2 Applications............................................................................................................ 141 4.1.4.1.2.1 U.S. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032 ............................................................................... 141 4.1.4.1.2.2 U.S. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 142 4.1.4.1.2.3 U.S. Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 143 4.1.4.1.3 Products ................................................................................................................. 144
  • 8. 8 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.1.4.1.3.1 U.S. Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032 ............................................................................... 144 4.1.4.1.3.2 U.S. Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ...................................................................................... 145 4.1.4.2 Canada ..........................................................................................................145 4.1.4.2.1 Markets .................................................................................................................. 145 4.1.4.2.1.1 Buyer Attributes .............................................................................................. 145 4.1.4.2.1.2 Key Manufacturers in Canada ........................................................................ 146 4.1.4.2.1.3 Business Challenges ...................................................................................... 146 4.1.4.2.1.4 Business Drivers............................................................................................. 146 4.1.4.2.2 Applications............................................................................................................ 147 4.1.4.2.2.1 Canada Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032..................................................................... 147 4.1.4.2.2.2 Canada Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 148 4.1.4.2.2.3 Canada Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 149 4.1.4.2.3 Products ................................................................................................................. 149 4.1.4.2.3.1 Canada Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032..................................................................... 149 4.1.4.2.3.2 Canada Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ............................................................................... 150 4.1.4.3 Mexico ...........................................................................................................151 4.1.4.3.1 Markets .................................................................................................................. 151 4.1.4.3.1.1 Buyer Attributes .............................................................................................. 151 4.1.4.3.1.2 Key Manufacturers in Mexico ......................................................................... 151 4.1.4.3.1.3 Business Challenges ...................................................................................... 151 4.1.4.3.1.4 Business Drivers............................................................................................. 151 4.1.4.3.2 Applications............................................................................................................ 152 4.1.4.3.2.1 Mexico Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032..................................................................... 152
  • 9. 9 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.1.4.3.2.2 Mexico Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 153 4.1.4.3.2.3 Mexico Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 154 4.1.4.3.3 Products ................................................................................................................. 155 4.1.4.3.3.1 Mexico Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032..................................................................... 155 4.1.4.3.3.2 Mexico Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ............................................................................... 156 4.2 Europe ............................................................................................................158 4.2.1 Markets.......................................................................................................158 4.2.1.1 Buyer Attributes..............................................................................................158 4.2.1.2 Key Manufacturers in Europe.........................................................................158 4.2.1.3 Competitive Benchmarking ............................................................................158 4.2.1.4 Business Challenges......................................................................................159 4.2.1.5 Business Drivers ............................................................................................159 4.2.2 Applications...............................................................................................160 4.2.2.1 Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032.........................................................................160 4.2.2.2 Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032...............................................................161 4.2.2.3 Europe Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032.........................................................................162 4.2.3 Products.....................................................................................................163 4.2.3.1 Europe Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032.........................................................................163 4.2.3.2 Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032.........................................................................164 4.2.4 Europe: Country-Level Analysis ..............................................................165 4.2.4.1 Germany ........................................................................................................165 4.2.4.1.1 Markets .................................................................................................................. 165 4.2.4.1.1.1 Buyer Attributes .............................................................................................. 165
  • 10. 10 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.2.4.1.1.2 Key Manufacturers in Germany...................................................................... 165 4.2.4.1.1.3 Business Challenges ...................................................................................... 165 4.2.4.1.1.4 Business Drivers............................................................................................. 166 4.2.4.1.2 Applications............................................................................................................ 166 4.2.4.1.2.1 Germany Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032..................................................................... 166 4.2.4.1.2.2 Germany Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 167 4.2.4.1.2.3 Germany Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032..................................................................... 168 4.2.4.1.3 Products ................................................................................................................. 169 4.2.4.1.3.1 Germany Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032..................................................................... 169 4.2.4.1.3.2 Germany Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032..................................................................... 170 4.2.4.2 France............................................................................................................170 4.2.4.2.1 Markets .................................................................................................................. 170 4.2.4.2.1.1 Buyer Attributes .............................................................................................. 170 4.2.4.2.1.2 Key Manufacturers in France ......................................................................... 171 4.2.4.2.1.3 Business Challenges ...................................................................................... 171 4.2.4.2.1.4 Business Drivers............................................................................................. 171 4.2.4.2.2 Applications............................................................................................................ 172 4.2.4.2.2.1 France Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032..................................................................... 172 4.2.4.2.2.2 France Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 173 4.2.4.2.2.3 France Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 174 4.2.4.2.3 Products ................................................................................................................. 174 4.2.4.2.3.1 France Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032..................................................................... 174
  • 11. 11 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.2.4.2.3.2 France Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ............................................................................... 175 4.2.4.3 Italy ................................................................................................................176 4.2.4.3.1 Markets .................................................................................................................. 176 4.2.4.3.1.1 Buyer Attributes .............................................................................................. 176 4.2.4.3.1.2 Key Manufacturers in Italy .............................................................................. 176 4.2.4.3.1.3 Business Challenges ...................................................................................... 176 4.2.4.3.1.4 Business Drivers............................................................................................. 176 4.2.4.3.2 Applications............................................................................................................ 177 4.2.4.3.2.1 Italy Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032 ............................................................................... 177 4.2.4.3.2.2 Italy Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 178 4.2.4.3.2.3 Italy Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 179 4.2.4.3.3 Products ................................................................................................................. 179 4.2.4.3.3.1 Italy Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032 ............................................................................... 179 4.2.4.3.3.2 Italy Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ...................................................................................... 180 4.2.4.4 Spain..............................................................................................................181 4.2.4.4.1 Markets .................................................................................................................. 181 4.2.4.4.1.1 Buyer Attributes .............................................................................................. 181 4.2.4.4.1.2 Key Manufacturers in Spain............................................................................ 181 4.2.4.4.1.3 Business Challenges ...................................................................................... 181 4.2.4.4.1.4 Business Drivers............................................................................................. 181 4.2.4.4.2 Applications............................................................................................................ 182 4.2.4.4.2.1 Spain Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032 ............................................................................... 182 4.2.4.4.2.2 Spain Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 183
  • 12. 12 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.2.4.4.2.3 Spain Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 184 4.2.4.4.3 Products ................................................................................................................. 185 4.2.4.4.3.1 Spain Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032 ............................................................................... 185 4.2.4.4.3.2 Spain Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ............................................................................... 185 4.2.4.5 Rest-of-Europe...............................................................................................186 4.2.4.5.1 Markets .................................................................................................................. 186 4.2.4.5.1.1 Buyer Attributes .............................................................................................. 186 4.2.4.5.1.2 Key Manufacturers in Rest-of-Europe ............................................................ 186 4.2.4.5.1.3 Business Challenges ...................................................................................... 187 4.2.4.5.1.4 Business Drivers............................................................................................. 187 4.2.4.5.2 Applications............................................................................................................ 187 4.2.4.5.2.1 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032.......................................................... 187 4.2.4.5.2.2 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032.......................................................... 188 4.2.4.5.2.3 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032................................................ 189 4.2.4.5.3 Products ................................................................................................................. 190 4.2.4.5.3.1 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032.......................................................... 190 4.2.4.5.3.2 Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032..................................................................... 191 4.3 U.K. .................................................................................................................193 4.3.1 Markets.......................................................................................................193 4.3.1.1 Buyer Attributes..............................................................................................193 4.3.1.2 Key Manufacturers in the U.K.........................................................................193 4.3.1.3 Competitive Benchmarking ............................................................................193 4.3.1.4 Business Challenges......................................................................................194
  • 13. 13 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.3.1.5 Business Drivers ............................................................................................194 4.3.2 Applications...............................................................................................195 4.3.2.1 U.K. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032.........................................................................195 4.3.2.2 U.K. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032.........................................................................196 4.3.2.3 U.K. Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ...............................................................................197 4.3.3 Products.....................................................................................................197 4.3.3.1 U.K. Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032.........................................................................197 4.3.3.2 U.K. Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ...............................................................................198 4.4 China...............................................................................................................200 4.4.1 Markets.......................................................................................................200 4.4.1.1 Buyer Attributes..............................................................................................200 4.4.1.2 Key Manufacturers in China ...........................................................................200 4.4.1.3 Competitive Benchmarking ............................................................................201 4.4.1.4 Business Challenges......................................................................................201 4.4.1.5 Business Drivers ............................................................................................201 4.4.2 Applications...............................................................................................202 4.4.2.1 China Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032.........................................................................202 4.4.2.2 China Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032...............................................................203 4.4.2.3 China Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ...............................................................................204 4.4.3 Products.....................................................................................................205 4.4.3.1 China Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032.........................................................................205 4.4.3.2 China Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ...............................................................................206
  • 14. 14 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.5 Asia-Pacific and Japan..................................................................................208 4.5.1 Markets.......................................................................................................208 4.5.1.1 Buyer Attributes..............................................................................................208 4.5.1.2 Key Manufacturers in Asia-Pacific and Japan ................................................208 4.5.1.3 Competitive Benchmarking ............................................................................208 4.5.1.4 Business Challenges......................................................................................209 4.5.1.5 Business Drivers ............................................................................................209 4.5.2 Applications...............................................................................................210 4.5.2.1 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032.......................................210 4.5.2.2 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................211 4.5.2.3 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ..........................................212 4.5.3 Products.....................................................................................................213 4.5.3.1 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032 ......................................213 4.5.3.2 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032............................................214 4.5.4 Asia-Pacific and Japan: Country-Level Analysis....................................214 4.5.4.1 Japan.............................................................................................................214 4.5.4.1.1 Markets .................................................................................................................. 214 4.5.4.1.1.1 Buyer Attributes .............................................................................................. 214 4.5.4.1.1.2 Key Manufacturers in Japan........................................................................... 215 4.5.4.1.1.3 Business Challenges ...................................................................................... 215 4.5.4.1.1.4 Business Drivers............................................................................................. 215 4.5.4.1.2 Applications............................................................................................................ 216 4.5.4.1.2.1 Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032 ............................................................................... 216 4.5.4.1.2.2 Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 217
  • 15. 15 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.5.4.1.2.3 Japan Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 218 4.5.4.1.3 Products ................................................................................................................. 218 4.5.4.1.3.1 Japan Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032..................................................................... 218 4.5.4.1.3.2 Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ............................................................................... 219 4.5.4.2 South Korea...................................................................................................220 4.5.4.2.1 Markets .................................................................................................................. 220 4.5.4.2.1.1 Buyer Attributes .............................................................................................. 220 4.5.4.2.1.2 Key Manufacturers in South Korea................................................................. 220 4.5.4.2.1.3 Business Challenges ...................................................................................... 220 4.5.4.2.1.4 Business Drivers............................................................................................. 221 4.5.4.2.2 Applications............................................................................................................ 221 4.5.4.2.2.1 South Korea Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032..................................................................... 221 4.5.4.2.2.2 South Korea Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032.......................................................... 222 4.5.4.2.2.3 South Korea Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032..................................................................... 223 4.5.4.2.3 Products ................................................................................................................. 224 4.5.4.2.3.1 South Korea Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032.......................................................... 224 4.5.4.2.3.2 South Korea Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032..................................................................... 225 4.5.4.3 India...............................................................................................................225 4.5.4.3.1 Markets .................................................................................................................. 225 4.5.4.3.1.1 Buyer Attributes .............................................................................................. 225 4.5.4.3.1.2 Key Manufacturers in India............................................................................. 226 4.5.4.3.1.3 Business Challenges ...................................................................................... 226 4.5.4.3.1.4 Business Drivers............................................................................................. 226
  • 16. 16 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.5.4.3.2 Applications............................................................................................................ 227 4.5.4.3.2.1 India Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032 ............................................................................... 227 4.5.4.3.2.2 India Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 228 4.5.4.3.2.3 India Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ............................................................................... 229 4.5.4.3.3 Products ................................................................................................................. 229 4.5.4.3.3.1 India Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032 ............................................................................... 229 4.5.4.3.3.2 India Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ...................................................................................... 230 4.5.4.4 Australia.........................................................................................................231 4.5.4.4.1 Markets .................................................................................................................. 231 4.5.4.4.1.1 Buyer Attributes .............................................................................................. 231 4.5.4.4.1.2 Key Manufacturers in Australia....................................................................... 231 4.5.4.4.1.3 Business Challenges ...................................................................................... 231 4.5.4.4.1.4 Business Drivers............................................................................................. 231 4.5.4.4.2 Applications............................................................................................................ 232 4.5.4.4.2.1 Australia Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032..................................................................... 232 4.5.4.4.2.2 Australia Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032..................................................................... 233 4.5.4.4.2.3 Australia Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032..................................................................... 234 4.5.4.4.3 Products ................................................................................................................. 235 4.5.4.4.3.1 Australia Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032..................................................................... 235 4.5.4.4.3.2 Australia Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ............................................................................... 235 4.5.4.5 Rest-of-Asia-Pacific and Japan ......................................................................236 4.5.4.5.1 Markets .................................................................................................................. 236
  • 17. 17 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.5.4.5.1.1 Buyer Attributes .............................................................................................. 236 4.5.4.5.1.2 Key Manufacturers in Rest-of-Asia-Pacific and Japan................................... 236 4.5.4.5.1.3 Business Challenges ...................................................................................... 237 4.5.4.5.1.4 Business Drivers............................................................................................. 237 4.5.4.5.2 Applications............................................................................................................ 238 4.5.4.5.2.1 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032....................................... 238 4.5.4.5.2.2 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032 ................................. 239 4.5.4.5.2.3 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032.......................................... 240 4.5.4.5.3 Products ................................................................................................................. 241 4.5.4.5.3.1 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032 ...................................... 241 4.5.4.5.3.2 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032 ........................................... 241 4.6 Rest-of-the-World ..........................................................................................244 4.6.1 Markets.......................................................................................................244 4.6.1.1 Buyer Attributes..............................................................................................244 4.6.1.2 Key Manufacturers in Rest-of-the-World.........................................................244 4.6.1.3 Competitive Benchmarking ............................................................................245 4.6.1.4 Business Challenges......................................................................................245 4.6.1.5 Business Drivers ............................................................................................245 4.6.2 Applications...............................................................................................247 4.6.2.1 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032....................................................247 4.6.2.2 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032....................................................248 4.6.2.3 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032 ..........................................249 4.6.3 Products.....................................................................................................249
  • 18. 18 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 4.6.3.1 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032....................................................249 4.6.3.2 Rest-of-the-World Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032............................................250 5. Markets - Competitive Benchmarking & Company Profiles...... 251 5.1 Competitive Benchmarking ..........................................................................252 5.2 Market Share Analysis ..................................................................................252 5.3 Company Profiles ..........................................................................................253 5.3.1 Type 1 Companies: Immersion Cooling Fluids Manufacturers .............253 5.3.1.1 FUCHS ..........................................................................................................253 5.3.1.1.1 Company Overview................................................................................................ 253 5.3.1.1.1.1 Role of FUCHS in the Immersion Cooling Fluids Market for EVs .................. 253 5.3.1.1.1.2 Product Portfolio ............................................................................................. 253 5.3.1.1.2 Business Strategies ............................................................................................... 254 5.3.1.1.2.1 FUCHS: Product Development....................................................................... 254 5.3.1.1.3 Corporate Strategies.............................................................................................. 254 5.3.1.1.3.1 FUCHS: Mergers and Acquisitions................................................................. 254 5.3.1.1.3.2 FUCHS: Partnerships, Joint Ventures, Collaborations, and Alliances ........... 255 5.3.1.1.4 Production Sites and R&D Analysis....................................................................... 255 5.3.1.1.5 Analyst View........................................................................................................... 256 5.3.1.2 The Lubrizol Corporation................................................................................257 5.3.1.2.1 Company Overview................................................................................................ 257 5.3.1.2.1.1 Role of The Lubrizol Corporation in the Immersion Cooling Fluids Market for EVs................................................................................................................... 257 5.3.1.2.1.2 Product Portfolio ............................................................................................. 257 5.3.1.2.2 Corporate Strategies.............................................................................................. 258 5.3.1.2.2.1 The Lubrizol Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances......................................................................................................... 258 5.3.1.2.3 Production Sites and R&D Analysis....................................................................... 258 5.3.1.2.4 Analyst View........................................................................................................... 259 5.3.1.3 3M..................................................................................................................260
  • 19. 19 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 5.3.1.3.1 Company Overview................................................................................................ 260 5.3.1.3.1.1 Role of 3M in the Immersion Cooling Fluids Market for EVs.......................... 260 5.3.1.3.1.2 Product Portfolio ............................................................................................. 260 5.3.1.3.2 Production Sites and R&D Analysis....................................................................... 261 5.3.1.3.3 Analyst View........................................................................................................... 262 5.3.1.4 Castrol Limited ...............................................................................................263 5.3.1.4.1 Company Overview................................................................................................ 263 5.3.1.4.1.1 Role of Castrol Limited in the Immersion Cooling Fluids Market for EVs....... 263 5.3.1.4.1.2 Product Portfolio ............................................................................................. 264 5.3.1.4.2 Business Strategies ............................................................................................... 264 5.3.1.4.2.1 Castrol Limited: Product Development ........................................................... 264 5.3.1.4.3 Corporate Strategies.............................................................................................. 264 5.3.1.4.3.1 Castrol Limited: Partnerships, Joint Ventures, Collaborations, and Alliances ................................................................................................................ 264 5.3.1.4.4 Production Sites and R&D Analysis....................................................................... 265 5.3.1.4.5 Analyst View........................................................................................................... 265 5.3.1.5 M&I Materials Ltd. ..........................................................................................266 5.3.1.5.1 Company Overview................................................................................................ 266 5.3.1.5.1.1 Role of M&I Materials Ltd. in the Immersion Cooling Fluids Market for EVs........................................................................................................................ 266 5.3.1.5.1.2 Product Portfolio ............................................................................................. 266 5.3.1.5.2 Business Strategies ............................................................................................... 267 5.3.1.5.2.1 M&I Materials Ltd.: Product Development ...................................................... 267 5.3.1.5.3 Corporate Strategies.............................................................................................. 267 5.3.1.5.3.1 M&I Materials Ltd.: Partnerships, Joint Ventures, Collaborations, and Alliances ................................................................................................................ 267 5.3.1.5.4 Production Sites and R&D Analysis....................................................................... 267 5.3.1.5.5 Analyst View........................................................................................................... 267 5.3.1.6 Engineered Fluids ..........................................................................................268 5.3.1.6.1 Company Overview................................................................................................ 268
  • 20. 20 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 5.3.1.6.1.1 Role of Engineered Fluids in the Immersion Cooling Fluids Market for EVs........................................................................................................................ 268 5.3.1.6.1.2 Product Portfolio ............................................................................................. 268 5.3.1.6.2 Production Sites and R&D Analysis....................................................................... 268 5.3.1.6.3 Analyst View........................................................................................................... 269 5.3.1.7 Shell plc .........................................................................................................270 5.3.1.7.1 Company Overview................................................................................................ 270 5.3.1.7.1.1 Role of Shell plc in the Immersion Cooling Fluids Market for EVs ................. 270 5.3.1.7.1.2 Product Portfolio ............................................................................................. 271 5.3.1.7.2 Business Strategies ............................................................................................... 271 5.3.1.7.2.1 Shell plc: Product Development ..................................................................... 271 5.3.1.7.3 Production Sites and R&D Analysis....................................................................... 271 5.3.1.7.4 Analyst View........................................................................................................... 272 5.3.1.8 TotalEnergies SE ...........................................................................................273 5.3.1.8.1 Company Overview................................................................................................ 273 5.3.1.8.1.1 Role of TotalEnergies SE in the Immersion Cooling Fluids Market for EVs 273 5.3.1.8.1.2 Product Portfolio ............................................................................................. 273 5.3.1.8.2 Business Strategies ............................................................................................... 274 5.3.1.8.2.1 TotalEnergies SE: Product Development....................................................... 274 5.3.1.8.3 Corporate Strategies.............................................................................................. 274 5.3.1.8.3.1 TotalEnergies SE: Partnerships, Joint Ventures, Collaborations, and Alliances ................................................................................................................ 274 5.3.1.8.4 Production Sites and R&D Analysis....................................................................... 274 5.3.1.8.5 Analyst View........................................................................................................... 275 5.3.1.9 Cargill, Incorporated.......................................................................................276 5.3.1.9.1 Company Overview................................................................................................ 276 5.3.1.9.1.1 Role of Cargill, Incorporated in the Immersion Cooling Fluids Market for EVs........................................................................................................................ 276 5.3.1.9.1.2 Product Portfolio ............................................................................................. 277 5.3.1.9.2 Business Strategies ............................................................................................... 277
  • 21. 21 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 5.3.1.9.2.1 Cargill, Incorporated: Product Development................................................... 277 5.3.1.9.3 Production Sites and R&D Analysis....................................................................... 277 5.3.1.9.4 Analyst View........................................................................................................... 278 5.3.1.10 DOBER ..........................................................................................................279 5.3.1.10.1 Company Overview................................................................................................ 279 5.3.1.10.1.1Role of DOBER in the Immersion Cooling Fluids Market for EVs.................. 279 5.3.1.10.1.2Product Portfolio ............................................................................................. 279 5.3.1.10.2 Production Sites and R&D Analysis....................................................................... 280 5.3.1.10.3 Analyst View........................................................................................................... 280 5.3.1.11 LANXESS ......................................................................................................281 5.3.1.11.1 Company Overview................................................................................................ 281 5.3.1.11.1.1Role of LANXESS in the Immersion Cooling Fluids Market for EVs .............. 281 5.3.1.11.1.2Product Portfolio ............................................................................................. 281 5.3.1.11.2 Production Sites and R&D Analysis....................................................................... 282 5.3.1.11.3 Analyst View........................................................................................................... 282 5.3.2 Type 2 Companies: Immersion Cooling System Providers ...................283 5.3.2.1 XING Mobility .................................................................................................283 5.3.2.1.1 Company Overview................................................................................................ 283 5.3.2.1.1.1 Role of XING Mobility in the Immersion Cooling Fluids Market for EVs......... 283 5.3.2.1.1.2 Product Portfolio ............................................................................................. 283 5.3.2.1.2 Business Strategies ............................................................................................... 284 5.3.2.1.2.1 XING Mobility: Product Development ............................................................. 284 5.3.2.1.3 Corporate Strategies.............................................................................................. 284 5.3.2.1.3.1 XING Mobility: Partnerships, Joint Ventures, Collaborations, and Alliances ................................................................................................................ 284 5.3.2.1.4 Analyst View........................................................................................................... 285 5.3.2.2 MAHLE GmbH ...............................................................................................286 5.3.2.2.1 Company Overview................................................................................................ 286 5.3.2.2.1.1 Role of MAHLE GmbH in the Immersion Cooling Fluids Market for EVs....... 286 5.3.2.2.1.2 Product Portfolio ............................................................................................. 286
  • 22. 22 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 5.3.2.2.2 Business Strategies ............................................................................................... 287 5.3.2.2.2.1 MAHLE GmbH: Product Development ........................................................... 287 5.3.2.2.3 Production Sites and R&D Analysis....................................................................... 287 5.3.2.2.4 Analyst View........................................................................................................... 288 5.3.2.3 Kreisel Electric ...............................................................................................289 5.3.2.3.1 Company Overview................................................................................................ 289 5.3.2.3.1.1 Role of Kreisel Electric in the Immersion Cooling Fluids Market for EVs....... 289 5.3.2.3.1.2 Product Portfolio ............................................................................................. 289 5.3.2.3.2 Business Strategies ............................................................................................... 290 5.3.2.3.2.1 Kreisel Electric: Market Development............................................................. 290 5.3.2.3.3 Corporate Strategies.............................................................................................. 290 5.3.2.3.3.1 Kreisel Electric: Mergers and Acquisitions ..................................................... 290 5.3.2.3.3.2 Kreisel Electric: Partnerships, Joint Ventures, Collaborations, and Alliances ................................................................................................................ 291 5.3.2.3.4 Analyst View........................................................................................................... 291 5.3.2.4 E-MERSIV......................................................................................................292 5.3.2.4.1 Company Overview................................................................................................ 292 5.3.2.4.1.1 Role of E-MERSIV in the Immersion Cooling Fluids Market for EVs ............. 292 5.3.2.4.1.2 Product Portfolio ............................................................................................. 292 5.3.2.4.2 Analyst View........................................................................................................... 293 5.3.3 Other Key Companies...............................................................................293 5.4 Customer Outlook: Electric Vehicle Manufacturers ..................................294 5.4.1 Tesla Inc.....................................................................................................294 5.4.1.1 Company Overview........................................................................................294 5.4.1.2 Electric Vehicle Production.............................................................................294 5.4.1.3 Product Overview...........................................................................................295 5.4.2 Volkswagen AG .........................................................................................296 5.4.2.1 Company Overview........................................................................................296 5.4.2.2 Electric Vehicle Production.............................................................................296 5.4.2.3 Product Overview...........................................................................................297
  • 23. 23 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 5.4.3 SAIC Motors...............................................................................................298 5.4.3.1 Company Overview........................................................................................298 5.4.3.2 Electric Vehicle Production.............................................................................298 5.4.3.3 Product Overview...........................................................................................299 5.4.4 BYD Co. Ltd. ..............................................................................................300 5.4.4.1 Company Overview........................................................................................300 5.4.4.2 Electric Vehicle Production.............................................................................300 5.4.4.3 Product Overview...........................................................................................301 5.4.5 Stellantis N.V. ............................................................................................302 5.4.5.1 Company Overview........................................................................................302 5.4.5.2 Electric Vehicle Production.............................................................................302 5.4.5.3 Product Overview...........................................................................................303 5.4.6 General Motors ..........................................................................................304 5.4.6.1 Company Overview........................................................................................304 5.4.6.2 Electric Vehicle Production.............................................................................304 5.4.6.3 Product Overview...........................................................................................305 5.4.7 Ford Motor Company ................................................................................306 5.4.7.1 Company Overview........................................................................................306 5.4.7.2 Electric Vehicle Production.............................................................................306 5.4.7.3 Product Overview...........................................................................................307 5.4.8 Hyundai Motor Company..........................................................................308 5.4.8.1 Company Overview........................................................................................308 5.4.8.2 Electric Vehicle Production.............................................................................308 5.4.8.3 Product Overview...........................................................................................309 5.4.9 Honda Motor Co., Ltd................................................................................310 5.4.9.1 Company Overview........................................................................................310 5.4.9.2 Electric Vehicle Production.............................................................................310 5.4.9.3 Product Overview...........................................................................................311 5.4.10 Groupe Renault..........................................................................................312 5.4.10.1 Company Overview........................................................................................312
  • 24. 24 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s 5.4.10.2 Electric Vehicle Production.............................................................................312 5.4.10.3 Product Overview...........................................................................................313 5.4.11 Toyota Motor Corporation ........................................................................314 5.4.11.1 Company Overview........................................................................................314 5.4.11.2 Electric Vehicle Production.............................................................................314 5.4.11.3 Product Overview...........................................................................................315 5.4.12 Bayerische Motoren Werke AG ................................................................316 5.4.12.1 Company Overview........................................................................................316 5.4.12.2 Electric Vehicle Production.............................................................................316 5.4.12.3 Product Overview...........................................................................................317 6. Research Methodology........................................................... 318 6.1 Data Sources..................................................................................................318 6.1.1 Primary Data Sources ...............................................................................318 6.1.2 Secondary Data Sources ..........................................................................318 6.2 Data Triangulation .........................................................................................319 6.3 Market Estimation and Forecast...................................................................321 6.3.1 Factors for Data Prediction and Modeling ..............................................321
  • 25. 25 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s List of Figures Figure 1: Immersion Cooling Fluids Market for EVs Overview, Million Liters, 2021-2032 Figure 2: Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Figure 3: Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032 Figure 4: Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2022, 2026, and 2032 Figure 5: Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Figure 6: Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Figure 7: Immersion Cooling Fluids Market for EVs (by Region), Value, $Million, 2021 Figure 8: Immersion Cooling Fluids Market for EVs: Coverage Figure 9: Electric Vehicle Trends: Current and Future Figure 10: Immersion Cooling Fluids Market for EVs Supply Chain Analysis Figure 11: Stakeholders in Immersion Cooling Fluids Market for EVs Figure 12: Base Oil Groups for Immersion Cooling Fluid Figure 13: Business Dynamics for Immersion Cooling Fluids Market for EVs Figure 14: Driving Range of Various Electric Vehicles Figure 15: Components in an EV Battery Figure 16: Key Business Strategies, 2020-2022 Figure 17: Product Development (by Company), 2020-2022 Figure 18: Key Corporate Strategies, 2020-2022 Figure 19: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), 2020-2022 Figure 20: Coolants in EV Charging Cables Figure 21: Timeline for Autonomous Vehicles Figure 22: Immersion Cooling Fluids Market for EVs (by Vehicle Type) Figure 23: Immersion Cooling Fluids Market for EVs (by Propulsion Type) Figure 24: Component Structures for HEVs, PHEVs, and BEVs Figure 25: Immersion Cooling Fluids Market for EVs (by Application) Figure 26: Immersion Cooling Fluids Market for EVs (Passenger Vehicles), $Million and Million Liters, 2021- 2032 Figure 27: Immersion Cooling Fluids Market for EVs (Light Commercial Vehicles), $Million and Million Liters, 2021-2032 Figure 28: Immersion Cooling Fluids Market for EVs (Heavy Commercial Vehicles), $Million and Million Liters, 2021-2032
  • 26. 26 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Figure 29: Immersion Cooling Fluids Market for EVs (Battery Electric Vehicles), $Million and Million Liters, 2021-2032 Figure 30: Immersion Cooling Fluids Market for EVs (Hybrid Electric Vehicles), $Million and Million Liters, 2021-2032 Figure 31: Immersion Cooling Fluids Market for EVs (Plug-in Hybrid Electric Vehicles), $Million and Million Liters, 2021-2032 Figure 32: Immersion Cooling Fluids Market for EVs (EV Batteries), $Million and Million Liters, 2021-2032 Figure 33: Immersion Cooling Fluids Market for EVs (EV Motors), $Million and Million Liters, 2021-2032 Figure 34: Immersion Cooling Fluids Market for EVs (Power Electronics), $Million and Million Liters, 2021- 2032 Figure 35: Immersion Cooling Fluids Market for EVs (by Product Type) Figure 36: Immersion Cooling Fluids Market for EVs (by Chemistry) Figure 37: Immersion Cooling Fluids Market for EVs (Single-Phase Coolant), $Million and Million Liters, 2021-2032 Figure 38: Immersion Cooling Fluids Market for EVs (Two-Phase Coolant), $Million and Million Liters, 2021- 2032 Figure 39: Immersion Cooling Fluids Market for EVs (Mineral Oils), $Million and Million Liters, 2021-2032 Figure 40: Immersion Cooling Fluids Market for EVs (Synthetic Oils and Esters), $Million and Million Liters, 2021-2032 Figure 41: Immersion Cooling Fluids Market for EVs Opportunity Matrix (by Region), $Million Figure 42: Immersion Cooling Fluids Market for EVs Opportunity Matrix (by Product Type), $Million Figure 43: Immersion Cooling Fluids Market for EVs Opportunity Matrix (by Chemistry), $Million Figure 44: Global Pricing Analysis (by Product Type), $USD/Liter, 2021-2032 Figure 45: Technology Roadmap for Electric Vehicles Figure 46: Competitive Benchmarking in North America, 2021 Figure 47: North America Immersion Cooling Fluids Market for EVs, $Million and Million Liters, 2021-2032 Figure 48: Competitive Benchmarking in Europe, 2021 Figure 49: Europe Immersion Cooling Fluids Market for EVs, $Million and Million Liters, 2021-2032 Figure 50: Competitive Benchmarking in U.K., 2021 Figure 51: U.K. Immersion Cooling Fluids Market for EVs, $Million and Million Liters, 2021-2032 Figure 52: Competitive Benchmarking in China, 2021 Figure 53: China Immersion Cooling Fluids Market for EVs, $Million and Thousand Liters, 2021-2032 Figure 54: Competitive Benchmarking in Asia-Pacific and Japan, 2021
  • 27. 27 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Figure 55: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs, $Million and Thousand Liters, 2021-2032 Figure 56: Competitive Benchmarking in Rest-of-the-World, 2021 Figure 57: Rest-of-the-World Immersion Cooling Fluids Market for EVs, $Thousand and Thousand Liters, 2021-2032 Figure 58: Competitive Benchmarking, 2021 Figure 59: FUCHS: R&D Expenditure, $Million, 2019-2021 Figure 60: 3M: R&D Expenditure, $Billion, 2019-2021 Figure 61: Shell plc: R&D Expenditure, $Million, 2019-2021 Figure 62: TotalEnergies SE: R&D Expenditure, $Million, 2019-2021 Figure 63: LANXESS: R&D Expenditure, $Million, 2019-2021 Figure 64: MAHLE GmbH: R&D Expenditure, $Million, 2019-2021 Figure 65: Electric Vehicle Production: Tesla Inc., 2019-2021 Figure 66: Electric Vehicle Production: Volkswagen AG, 2019-2021 Figure 67: Electric Vehicle Production: SAIC Motors, 2019-2021 Figure 68: Electric Vehicle Production: BYD Co. Ltd., 2019-2021 Figure 69: Electric Vehicle Production: Stellantis N.V., 2019-2021 Figure 70: Electric Vehicle Production: General Motors, 2019-2021 Figure 71: Electric Vehicle Production: Ford Motor Company, 2019-2021 Figure 72: Electric Vehicle Production: Hyundai Motor Company, 2019-2021 Figure 73: Electric Vehicle Production: Honda Motor Co., Ltd., 2019-2021 Figure 74: Electric Vehicle Production: Groupe Renault, 2019-2021 Figure 75: Electric Vehicle Production: Toyota Motor Corporation, 2019-2021 Figure 76: Electric Vehicle Production: Bayerische Motoren Werke AG, 2019-2021 Figure 77: Research Methodology Figure 78: Data Triangulation Figure 79: Top-Down and Bottom-Up Approach Figure 80: Assumptions and Limitations
  • 28. 28 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s List of Tables Table 1: Immersion Cooling Fluids Market for EVs Overview Table 2: Need to Use Immersion Cooling Technology Table 3: Comparative Analysis: Liquid Cooling Vs. Immersion Cooling Table 4: Government Initiatives for Electric Vehicles Table 5: Programs by Research Institutions and Universities Table 6: Key Patent Mapping for Immersion Colling Fluids Market for EVs Table 7: Key Initiatives by Companies in the Immersion Cooling Fluids Market for EVs Table 8: Impact of Business Drivers Table 9: Effect of Thermal Conditions on EV Batteries Table 10: Impact of Business Restraints Table 11: Impact of Business Opportunities Table 12: Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Table 13: Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 14: Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032 Table 15: Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 16: Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032 Table 17: Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 18: Single-Phase Coolant Vs Two-Phase Coolant Table 19: Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Table 20: Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 21: Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Table 22: Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 23: Immersion Cooling Fluids Market for EVs (by Region), Million Liters, 2021-2032 Table 24: Immersion Cooling Fluids Market for EVs (by Region), $Million, 2021-2032 Table 25: North America Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021- 2032 Table 26: North America Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 27: North America Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032 Table 28: North America Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021- 2032
  • 29. 29 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Table 29: North America Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021- 2032 Table 30: North America Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 31: North America Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021- 2032 Table 32: North America Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 33: North America Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021- 2032 Table 34: North America Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 35: U.S. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Table 36: U.S. Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 37: U.S. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032 Table 38: U.S. Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 39: U.S. Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032 Table 40: U.S. Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 41: U.S. Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Table 42: U.S. Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 43: U.S. Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Table 44: U.S. Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 45: Canada Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021- 2032 Table 46: Canada Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 47: Canada Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021- 2032 Table 48: Canada Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 49: Canada Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032 Table 50: Canada Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 51: Canada Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021- 2032 Table 52: Canada Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 53: Canada Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032 Table 54: Canada Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 55: Mexico Immersion Cooling Fluids Market for EVs (by Vehicle Type), Liters, 2021-2032
  • 30. 30 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Table 56: Mexico Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032 Table 57: Mexico Immersion Cooling Fluids Market for EVs (by Propulsion Type), Liters, 2021-2032 Table 58: Mexico Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Thousand, 2021-2032 Table 59: Mexico Immersion Cooling Fluids Market for EVs (by Application), Liters, 2021-2032 Table 60: Mexico Immersion Cooling Fluids Market for EVs (by Application), $Thousand, 2021-2032 Table 61: Mexico Immersion Cooling Fluids Market for EVs (by Product Type), Liters, 2021-2032 Table 62: Mexico Immersion Cooling Fluids Market for EVs (by Product Type), $Thousand, 2021-2032 Table 63: Mexico Immersion Cooling Fluids Market for EVs (by Chemistry), Liters, 2021-2032 Table 64: Mexico Immersion Cooling Fluids Market for EVs (by Chemistry), $Thousand, 2021-2032 Table 65: Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Table 66: Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 67: Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032 Table 68: Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 69: Europe Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032 Table 70: Europe Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 71: Europe Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Table 72: Europe Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 73: Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Table 74: Europe Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 75: Germany Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Table 76: Germany Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 77: Germany Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021- 2032 Table 78: Germany Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 79: Germany Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032 Table 80: Germany Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 81: Germany Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Table 82: Germany Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 83: Germany Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Table 84: Germany Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 85: France Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Table 86: France Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 87: France Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032
  • 31. 31 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Table 88: France Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 89: France Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032 Table 90: France Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 91: France Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Table 92: France Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 93: France Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Table 94: France Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 95: Italy Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032 Table 96: Italy Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032 Table 97: Italy Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032 Table 98: Italy Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 99: Italy Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032 Table 100: Italy Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 101: Italy Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032 Table 102: Italy Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 103: Italy Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032 Table 104: Italy Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 105: Spain Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032 Table 106: Spain Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 107: Spain Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021- 2032 Table 108: Spain Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 109: Spain Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032 Table 110: Spain Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 111: Spain Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032 Table 112: Spain Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 113: Spain Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032 Table 114: Spain Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 115: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032 Table 116: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 117: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
  • 32. 32 All rights reserved at BIS Research Inc. I m m e r s i o n C o o l i n g F l u i d s M a r k e t f o r E V s – A G l o b a l a n d R e gi o n a l A n a l y s i s Table 118: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021- 2032 Table 119: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032 Table 120: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 121: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032 Table 122: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 123: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021- 2032 Table 124: Rest-of-Europe Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 125: U.K. Immersion Cooling Fluids Market for EVs (by Vehicle Type), Million Liters, 2021-2032 Table 126: U.K. Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 127: U.K. Immersion Cooling Fluids Market for EVs (by Propulsion Type), Million Liters, 2021-2032 Table 128: U.K. Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 129: U.K. Immersion Cooling Fluids Market for EVs (by Application), Million Liters, 2021-2032 Table 130: U.K. Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 131: U.K. Immersion Cooling Fluids Market for EVs (by Product Type), Million Liters, 2021-2032 Table 132: U.K. Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 133: U.K. Immersion Cooling Fluids Market for EVs (by Chemistry), Million Liters, 2021-2032 Table 134: U.K. Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032 Table 135: China Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032 Table 136: China Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032 Table 137: China Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021- 2032 Table 138: China Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032 Table 139: China Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032 Table 140: China Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032 Table 141: China Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032 Table 142: China Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032 Table 143: China Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032 Table 144: China Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032