ID: MRFR/CnM/1237-CRR | February, 2017 | Region: Global | 163 pages | Cooked Research Reports
Transformer Oil is used as insulator and coolant in transformers by energy and power industry. The global transformaer oil markert has seen a potential growth over the past years and as per MRFR analysis, the global market is expected to reach USD 3,614.1 million by 2022 from USD 2,100 million with a CAGR of 8.29%. Globe is facing rise of demand for electricity which will lead to the installation of new transformer, replacement of old transformer, installation of grid infrastructure which will lead the market for transformer oil market. Moreover, old and existing networks are not able to meet the new demand for power has resulted to modification of the transmission and distribution grid infrastructure. This will impact the growth of the transformer oil market in the forecasted year. However, increasing adoption of dry transformer and volatility in crude oil prices is expected to hamper the market, on account of growing transmission and distribution network across globe.
Global Transformer Oil Market Share, by Region (USD Million)
Study Objectives of Global Transformer Oil Market:
Global transformer oil market has been segmented into:
Types: Naphthenic, Paraffanic, Silicone Based and Bio Based.
Application: Small Transformer, Large Transormer, Utility and others.
Region: North America, Europe, Asia-Pacific and RoW.
Regional Analysis of Global Transformer Oil Market:
Asia Pacific held the largest share of 40% within the Transformer Oil market in 2015, and is expected to retain its majority by 2022. Followed by APAC, North America and Europe region is expected to compete each other in terms of both value and volume. Countries like China and India has a high demand for the Transformer oil for expansion of electric networks and installation of transformer. Transformer oil market will be driven by the growth of transmission and distribution network all across the globe. The growth for transformer oil will be slower in Americas and Europe region, as they are more depended on renewable sources then conventional sources of energy.
The key players of Global Transformer Oil Market report include- Nynas AB, Ergon Inc., Petrochina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners L.P., Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co. Inc., and Gandhar Oil Refinery India Limited
The report covers brief analysis of country level market information –
Rest of the World
The report for Global Transformer Oil Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.