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Asia-Pacific Immersion Cooling Fluids Market for EVs - Analysis and Forecast, 2022-2032

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    Report

  • 143 Pages
  • November 2023
  • Region: Asia Pacific
  • BIS Research
  • ID: 5910654
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The Asia-Pacific immersion cooling fluids market for EVs (excluding China) is projected to reach $65.1 million by 2032 from $3.0 million in 2022, growing at a CAGR of 36.0% during the forecast period 2022-2032. Rising sales of electric vehicles equipped with immersion cooling systems are anticipated to propel the expansion of the immersion cooling fluids market in APAC.

Market Introduction

Immersion cooling fluids, which are used in electric vehicles (EVs), have seen significant technological improvement in the Asia-Pacific (APAC) industry, and growth in this area is expected to pick up speed over the next several years. The production of high-performance immersion cooling fluids is the target of ongoing research and development projects, which should greatly enhance important market growth initiatives. The demand for immersion cooling fluids in electric vehicles (EVs) is being driven by the growing fleet of these vehicles, which is driving the expansion of the APAC market for these fluids. As a result, throughout the next projection period, the APAC immersion cooling fluids market for EVs is expected to rise rapidly.

Market Segmentation

Segmentation 1: by Propulsion Type

  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)

Segmentation 2: by Vehicle Type

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Segmentation 3: by Application

  • EV Batteries
  • EV Motors
  • Power Electronics

Segmentation 4: by Product Type

  • Single-Phase Coolant
  • Two-Phase Coolant

Segmentation 5: by Chemistry

  • Mineral Oils
  • Synthetic Oils and Esters

Segmentation 6: by Country

  • Japan
  • India
  • South Korea
  • Australia
  • Rest-of-Asia-Pacific and Japan

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of electric vehicle immersion cooling fluids products available by propulsion type (battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs)), vehicle type (passenger vehicles, light commercial vehicles, and heavy commercial vehicles), application (EV batteries, EV motors, and power electronics), product type (single-phase coolant and two-phase coolant), and chemistry (mineral oils and synthetic oils and esters). Increasing demand for electric vehicles worldwide is pushing the sales of immersion cooling fluids. Therefore, the immersion cooling fluids business is a high-investment and high-revenue generating model.

Growth/Marketing Strategy: The Asia-Pacific immersion cooling fluids market for EVs is exponentially growing, with enormous opportunities for the market players. Some strategies covered in this segment are product launches, partnerships and collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the Asia-Pacific immersion cooling fluids market for EVs.

Competitive Strategy: Key players in the Asia-Pacific immersion cooling fluids market for EVs analyzed and profiled in the study involve immersion cooling fluids-based product manufacturers and immersion cooling system manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific immersion cooling fluids market for EVs has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • XING Mobility
  • SAIC Motors
  • BYD Co. Ltd.
  • Hyundai Motor Company
  • Honda Motor Co., Ltd.
  • Toyota Motor Corporation


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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Immersion Cooling Fluids: Overview
1.1.1.1 History of EV Battery Thermal Management
1.1.1.2 Immersion Cooling: The Way Forward for Electric Vehicle Battery Thermal Management
1.1.2 Overview of Regulatory Hurdles
1.1.2.1 Battery Issues
1.1.2.2 Fire-Related Regulations
1.1.2.2.1 China EV Fire-Related Regulations
1.1.2.2.2 Canada EV Fire-Related Regulations
1.1.2.2.3 U.S. EV Fire-Related Regulations
1.1.2.2.4 France EV Fire-Related Regulations
1.1.2.2.5 South Korea EV Fire-Related Regulations
1.1.2.2.6 India EV Fire-Related Regulations
1.1.3 Trends: Current and Future
1.1.4 Supply Chain Network
1.1.5 Comparative Analysis: Liquid Cooling Vs. Immersion Cooling
1.1.6 Case Study: Solving EV Range Anxiety
1.1.7 Additives for Fluids in Electric Vehicle Batteries
1.1.7.1 Analyst View on Additives for Fluids in EV Batteries
1.1.8 Ecosystem/Ongoing Programs
1.1.8.1 Consortiums, Associations, and Regulatory Bodies
1.1.8.1.1 North America
1.1.8.1.2 Europe
1.1.8.1.3 Asia-Pacific and Japan
1.1.8.2 Government Initiatives
1.1.8.3 Programs by Research Institutions and Universities
1.1.9 Key Patent Mapping
1.1.9.1 Past Vs. Future of Research and Development Activities in the Immersion Cooling Fluids Market for EVs
1.1.10 Overview of EV Fluid Cost Estimation
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rising Acceptance of Electric Vehicles
1.2.1.2 Need to Increase the Driving Range of Electric Vehicles
1.2.1.3 Thermal Management in Electric Vehicles
1.2.1.4 Growing Need for Enhanced Electrification Components
1.2.1.5 Immersion Cooling for Electric Vehicle Batteries
1.2.2 Business Restraints
1.2.2.1 Higher Cost of Immersion Cooling Fluids for EVs
1.2.2.2 Developing Environment-Friendly Electric Vehicle Fluids
1.2.2.3 Complex Battery Chemistry and Amount of Immersion Cooling Fluid Needed
1.2.2.4 Changes Required to be Made in the Construction of EV Batteries
1.2.2.5 Lack of Knowledge About the Advantages of Immersion Cooling
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.5 Business Opportunities
1.2.5.1 Coolants for EV Electronics and Charging Port Cables
1.2.5.2 Stringent Regulations by Government Bodies for Promoting Sustainable EV Environment
1.2.5.3 Growing Trend for the Development of Autonomous Vehicles
1.3 Impact of COVID-19 on the industry
2 Regions
2.1 China
2.1.1 Markets
2.1.1.1 Buyer Attributes
2.1.1.2 Key Manufacturers in China
2.1.1.3 Competitive Benchmarking
2.1.1.4 Business Challenges
2.1.1.5 Business Drivers
2.1.2 Applications
2.1.2.1 China Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.1.2.2 China Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.1.2.3 China Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.1.3 Products
2.1.3.1 China Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.1.3.2 China Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
2.2 Asia-Pacific and Japan
2.2.1 Markets
2.2.1.1 Buyer Attributes
2.2.1.2 Key Manufacturers in Asia-Pacific and Japan
2.2.1.3 Competitive Benchmarking
2.2.1.4 Business Challenges
2.2.1.5 Business Drivers
2.2.2 Applications
2.2.2.1 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.2.2.2 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.2.2.3 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.2.3 Products
2.2.3.1 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.2.3.2 Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
2.2.4 Asia-Pacific and Japan: Country-Level Analysis
2.2.4.1 Japan
2.2.4.1.1 Markets
2.2.4.1.1.1 Buyer Attributes
2.2.4.1.1.2 Key Manufacturers in Japan
2.2.4.1.1.3 Business Challenges
2.2.4.1.1.4 Business Drivers
2.2.4.1.2 Applications
2.2.4.1.2.1 Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.2.4.1.2.2 Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.2.4.1.2.3 Japan Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.2.4.1.3 Products
2.2.4.1.3.1 Japan Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.2.4.1.3.2 Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
2.2.4.2 South Korea
2.2.4.2.1 Markets
2.2.4.2.1.1 Buyer Attributes
2.2.4.2.1.2 Key Manufacturers in South Korea
2.2.4.2.1.3 Business Challenges
2.2.4.2.1.4 Business Drivers
2.2.4.2.2 Applications
2.2.4.2.2.1 South Korea Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.2.4.2.2.2 South Korea Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.2.4.2.2.3 South Korea Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.2.4.2.3 Products
2.2.4.2.3.1 South Korea Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.2.4.2.3.2 South Korea Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
2.2.4.3 India
2.2.4.3.1 Markets
2.2.4.3.1.1 Buyer Attributes
2.2.4.3.1.2 Key Manufacturers in India
2.2.4.3.1.3 Business Challenges
2.2.4.3.1.4 Business Drivers
2.2.4.3.2 Applications
2.2.4.3.2.1 India Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.2.4.3.2.2 India Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.2.4.3.2.3 India Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.2.4.3.3 Products
2.2.4.3.3.1 India Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.2.4.3.3.2 India Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
2.2.4.4 Australia
2.2.4.4.1 Markets
2.2.4.4.1.1 Buyer Attributes
2.2.4.4.1.2 Key Manufacturers in Australia
2.2.4.4.1.3 Business Challenges
2.2.4.4.1.4 Business Drivers
2.2.4.4.2 Applications
2.2.4.4.2.1 Australia Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.2.4.4.2.2 Australia Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.2.4.4.2.3 Australia Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.2.4.4.3 Products
2.2.4.4.3.1 Australia Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.2.4.4.3.2 Australia Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
2.2.4.5 Rest-of-Asia-Pacific and Japan
2.2.4.5.1 Markets
2.2.4.5.1.1 Buyer Attributes
2.2.4.5.1.2 Key Manufacturers in Rest-of-Asia-Pacific and Japan
2.2.4.5.1.3 Business Challenges
2.2.4.5.1.4 Business Drivers
2.2.4.5.2 Applications
2.2.4.5.2.1 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Value and Volume Data, 2021-2032
2.2.4.5.2.2 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Value and Volume Data, 2021-2032
2.2.4.5.2.3 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), Value and Volume Data, 2021-2032
2.2.4.5.3 Products
2.2.4.5.3.1 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), Value and Volume Data, 2021-2032
2.2.4.5.3.2 Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Value and Volume Data, 2021-2032
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Share Analysis
3.3 Company Profiles
3.3.1 Type 2 Companies: Immersion Cooling System Providers
3.3.1.1 XING Mobility
3.3.1.1.1 Company Overview
3.3.1.1.1.1 Role of XING Mobility in the Immersion Cooling Fluids Market for EVs
3.3.1.1.1.2 Product Portfolio
3.3.1.1.2 Business Strategies
3.3.1.1.2.1 XING Mobility: Product Development
3.3.1.1.3 Corporate Strategies
3.3.1.1.3.1 XING Mobility: Partnerships, Joint Ventures, Collaborations, and Alliances
3.3.1.1.4 Analyst View
3.3.2 SAIC Motors
3.3.2.1 Company Overview
3.3.2.2 Electric Vehicle Production
3.3.2.3 Product Overview
3.3.3 BYD Co. Ltd.
3.3.3.1 Company Overview
3.3.3.2 Electric Vehicle Production
3.3.3.3 Product Overview
3.3.4 Hyundai Motor Company
3.3.4.1 Company Overview
3.3.4.2 Electric Vehicle Production
3.3.4.3 Product Overview
3.3.5 Honda Motor Co., Ltd.
3.3.5.1 Company Overview
3.3.5.2 Electric Vehicle Production
3.3.5.3 Product Overview
3.3.6 Toyota Motor Corporation
3.3.6.1 Company Overview
3.3.6.2 Electric Vehicle Production
3.3.6.3 Product Overview
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.2 Data Triangulation
4.3 Market Estimation and Forecast
4.3.1 Factors for Data Prediction and Modeling
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: Electric Vehicle Trends: Current and Future
Figure 9: Immersion Cooling Fluids Market for EVs Supply Chain Analysis
Figure 10: Stakeholders in Immersion Cooling Fluids Market for EVs
Figure 11: Base Oil Groups for Immersion Cooling Fluid
Figure 12: Business Dynamics for Immersion Cooling Fluids Market for EVs
Figure 13: Driving Range of Various Electric Vehicles
Figure 14: Components in an EV Battery
Figure 15: Key Business Strategies, 2020-2022
Figure 16: Product Development (by Company), 2020-2022
Figure 17: Key Corporate Strategies, 2020-2022
Figure 18: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), 2020-2022
Figure 19: Coolants in EV Charging Cables
Figure 20: Timeline for Autonomous Vehicles
Figure 21: Competitive Benchmarking in China, 2021
Figure 22: China Immersion Cooling Fluids Market for EVs, $Million and Thousand Liters, 2021-2032
Figure 23: Competitive Benchmarking in Asia-Pacific and Japan, 2021
Figure 24: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs, $Million and Thousand Liters, 2021-2032
Figure 25: Competitive Benchmarking, 2021
Figure 26: Electric Vehicle Production: SAIC Motors, 2019-2021
Figure 27: Electric Vehicle Production: BYD Co. Ltd., 2019-2021
Figure 28: Electric Vehicle Production: Hyundai Motor Company, 2019-2021
Figure 29: Electric Vehicle Production: Honda Motor Co., Ltd., 2019-2021
Figure 30: Electric Vehicle Production: Toyota Motor Corporation, 2019-2021
Figure 31: Research Methodology
Figure 32: Data Triangulation
Figure 33: Top-Down and Bottom-Up Approach
Figure 34: Assumptions and Limitations
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 Region), Million Liters, 2021-2032
Table 13: Immersion Cooling Fluids Market for EVs (by Region), $Million, 2021-2032
Table 14: China Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 15: China Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 16: China Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 17: China Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 18: China Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 19: China Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 20: China Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 21: China Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 22: China Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 23: China Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 24: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 25: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 26: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 27: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 28: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 29: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 30: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 31: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 32: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 33: Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 34: Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 35: Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Million, 2021-2032
Table 36: Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 37: Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Million, 2021-2032
Table 38: Japan Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 39: Japan Immersion Cooling Fluids Market for EVs (by Application), $Million, 2021-2032
Table 40: Japan Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 41: Japan Immersion Cooling Fluids Market for EVs (by Product Type), $Million, 2021-2032
Table 42: Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 43: Japan Immersion Cooling Fluids Market for EVs (by Chemistry), $Million, 2021-2032
Table 44: South Korea Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 45: South Korea Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032
Table 46: South Korea Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 47: South Korea Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Thousand, 2021-2032
Table 48: South Korea Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 49: South Korea Immersion Cooling Fluids Market for EVs (by Application), $Thousand, 2021-2032
Table 50: South Korea Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 51: South Korea Immersion Cooling Fluids Market for EVs (by Product Type), $Thousand, 2021-2032
Table 52: South Korea Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 53: South Korea Immersion Cooling Fluids Market for EVs (by Chemistry), $Thousand, 2021-2032
Table 54: India Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 55: India Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032
Table 56: India Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 57: India Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Thousand, 2021-2032
Table 58: India Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 59: India Immersion Cooling Fluids Market for EVs (by Application), $Thousand, 2021-2032
Table 60: India Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 61: India Immersion Cooling Fluids Market for EVs (by Product Type), $Thousand, 2021-2032
Table 62: India Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 63: India Immersion Cooling Fluids Market for EVs (by Chemistry), $Thousand, 2021-2032
Table 64: Australia Immersion Cooling Fluids Market for EVs (by Vehicle Type), Thousand Liters, 2021-2032
Table 65: Australia Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032
Table 66: Australia Immersion Cooling Fluids Market for EVs (by Propulsion Type), Thousand Liters, 2021-2032
Table 67: Australia Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Thousand, 2021-2032
Table 68: Australia Immersion Cooling Fluids Market for EVs (by Application), Thousand Liters, 2021-2032
Table 69: Australia Immersion Cooling Fluids Market for EVs (by Application), $Thousand, 2021-2032
Table 70: Australia Immersion Cooling Fluids Market for EVs (by Product Type), Thousand Liters, 2021-2032
Table 71: Australia Immersion Cooling Fluids Market for EVs (by Product Type), $Thousand, 2021-2032
Table 72: Australia Immersion Cooling Fluids Market for EVs (by Chemistry), Thousand Liters, 2021-2032
Table 73: Australia Immersion Cooling Fluids Market for EVs (by Chemistry), $Thousand, 2021-2032
Table 74: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), Liters, 2021-2032
Table 75: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Vehicle Type), $Thousand, 2021-2032
Table 76: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), Liters, 2021-2032
Table 77: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Propulsion Type), $Thousand, 2021-2032
Table 78: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), Liters, 2021-2032
Table 79: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Application), $Thousand, 2021-2032
Table 80: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), Liters, 2021-2032
Table 81: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Product Type), $Thousand, 2021-2032
Table 82: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), Liters, 2021-2032
Table 83: Rest-of-Asia-Pacific and Japan Immersion Cooling Fluids Market for EVs (by Chemistry), $Thousand, 2021-2032
Table 84: Market Share Analysis, 2021
Table 85: XING Mobility: Product and Service Portfolio
Table 86: XING Mobility: Product Development
Table 87: XING Mobility: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 88: SAIC Motors: Product Overview
Table 89: BYD Co. Ltd.: Product Overview
Table 90: Hyundai Motor Company: Product Overview
Table 91: Honda Motor Co., Ltd.: Product Overview
Table 92: Toyota Motor Corporation: Product Overview

Executive Summary

The Asia-Pacific immersion cooling fluids market for EVs (excluding China) is estimated to reach $65.1 million by 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 36.0% during the forecast period 2022-2032.

The Asia-Pacific and Japan region is a hotspot for the production and consumption of electric vehicles due to the rising costs of fuel and the need to reduce carbon emissions to build a cleaner and more sustainable environment. The region consists of countries such as Japan, South Korea, India, and Australia. The EV sales in Asia-Pacific are concentrated in small pockets. EV sales are prominent in the countries of South Asia. Leading automotive companies in Asia are Honda, Nissan, Toyota, and Nissan, which are also involved in the manufacturing of globally popular electric vehicles.

USPs of report

Market ranking analysis based on product portfolios and recent developments

  • Analysis of business drivers and challenges of the Asia-Pacific Immersion Cooling Fluids Market for EVs
  • Detailed analysis of Immersion Cooling Fluids Market for EVs for Japan, India, South Korea and Australia
  • A detailed company profile comprising established players
  • Segmentation by product type, chemistry, application, propulsion type, and vehicle type provided in the report

Analyst’s Perspective on Asia-Pacific Immersion Cooling Fluids Market for EVs

The Principal Analyst states, 'The immersion cooling fluids market for EVs is in the early stage and is expected to grow substantially in the forecast period. The rapid ongoing research and development activities are pushing the market growth significantly. Immersion cooling fluids producers are partnering with immersion cooling system manufacturers to enhance the performance of electric vehicle battery systems by optimizing fluid and hardware. A surge in battery electric vehicle sales growth is anticipated to boost the immersion cooling fluids market for EVs growth in the forecast period.'

Some of the prominent names established in this market are:

  • XING Mobility
  • SAIC Motors
  • BYD Co. Ltd.
  • Hyundai Motor Company
  • Honda Motor Co., Ltd.
  • Toyota Motor Corporation

Key Questions Answered in the Report

  • What are the key drivers and challenges for players in the Asia-Pacific immersion cooling fluids market for EVs?
  • How is the market landscape for immersion cooling fluids manufacturers expected to be formed for electric vehicles?
  • What are the steps taken by the existing players to improve/maintain their market positioning and the strategy adopted by new players entering in market space?

Companies Mentioned

  • XING Mobility
  • SAIC Motors
  • BYD Co. Ltd.
  • Hyundai Motor Company
  • Honda Motor Co., Ltd.
  • Toyota Motor Corporation

Table Information

Report AttributeDetails
No. of Pages143
PublishedNovember 2023
Forecast Period2022 - 2032
Estimated Market Value ( USD ) in 2022 $ 3 Million
Forecasted Market Value ( USD ) by 2032 $ 65.1 Million
Compound Annual Growth Rate36.0%
Regions CoveredAsia Pacific
No. of Companies Mentioned6

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About the Immersion Cooling Fluid Market

Immersion Cooling Fluid is a type of industrial refrigeration technology that uses a liquid to cool and protect sensitive electronic components. This technology is used in a variety of industries, including data centers, automotive, aerospace, and medical. The fluid is typically a non-conductive, non-toxic, and non-flammable liquid that is circulated around the components to be cooled. The fluid absorbs the heat generated by the components and transfers it to a cooling system, such as a chiller or a heat exchanger. The fluid is then recycled back into the system, allowing for efficient cooling. The Immersion Cooling Fluid market is growing rapidly due to the increasing demand for efficient cooling solutions in industrial applications. This technology is becoming increasingly popular due to its cost-effectiveness, energy efficiency, and environmental friendliness. Some of the major players in the Immersion Cooling Fluid market include 3M, Asetek, CoolIT Systems, Cooler Master, and Cooling Technologies. Show Less Read more

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