Transformer Oil Market Research Report - Forecast to 2022

Transformer Oil Market Research Report - Forecast to 2022

ID: MRFR/CnM/1237-CRR | February, 2017 | Region: Global | 163 pages | Cooked Research Reports

 


Global Transformer Oil Market Information by Type (Naphthenic, Paraffinic, Silicone based Transformer Oil, and Bio based Transformer Oil), by Application (Small transformer, Large Transformers, Utility & others) and by Region - Forecast to 2022


Market Scenario:

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)



Transformer Oil Market Share


Key Findings:



  • Asia-Pacific accounts for the largest share of 40% in the global transformer oil market in 2015

  • Naphthenic accounted for the largest market share of 54.60% in 2014, with a market value of USD 1,146.6 million and is projected to grow at a CAGR of 8.44% during the forecast period

  • Large Transformers accounted for the largest market share of 49.00% in 2014, with a market value of USD 1,029.0 million and is projected to grow at a CAGR of 7.99% during the forecast period

  • China accounted for the largest market share of 44.00% in 2014, with a market value of USD 369.6 million and is projected to grow at the highest CAGR of 9.98% during the forecast period


Study Objectives of Global Transformer Oil Market:



  • To provide detailed analysis of the market structure along with forecast for the next six years of various segments and sub-segments of the Global Transformer Oil market

  • To provide insights about factors affecting the market growth

  • To analyze the Global Transformer Oil market based on various factors such as supply chain analysis, and Porter’s five forces analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries - North America, Europe, Asia-Pacific, Rest of the World

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segment by type, by application and by region

  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Transformer Oil market


Market Segmentation:


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.


Key Players:


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


Target Audience:



  • Transformer Oil manufacturers

  • Transformer Oil dealers and supplier

  • Grid Infrastructure player

  • Energy and power sector

  • Industry Associations and Publications

  • Investment bankers and M&A Consultants


Geographic Analysis:



  • Geographical analysis across 17 countries


Company Information:



  • Profiling of 10 key market players

  • SWOT analysis, and strategy  information of top five players in the market

  • Competitive landscape including emerging trends adopted by major companies


The report covers brief analysis of country level market information –

Asia-Pacific



  • China

  • India

  • Japan

  • Rest of Asia-Pacific


North America



  • U.S.

  • Canada

  • Mexico


Europe



  • Russia

  • Germany

  • France

  • U.K.

  • Rest of Europe


Rest of the World



  • Brasil

  • Saudi Arabia

  • Argentina

  • South Africa

  • Others


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.


 


 

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TABLE OF CONTENTS

2.1 Definition 17

2.2 Scope of the Study 17

2.3 Research Objective 17

2.4 Assumptions & Limitations 18

2.4.1 Assumptions 18

2.4.2 Limitations 18

2.5 Market Structure 18

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 20

3.4 Market Size Estimation 20

4.1 Introduction 23

4.2 Market Drivers 24

4.2.1 Electricity Grid Expansion Owing to Increasing Energy Demand in Developing Countries in Asia 24

4.2.2 Increasing Transition to Renewable Energy Sources 25

4.2.3 Power Grid Up gradation in Europe & North America 26

4.3 Market Restraints 26

4.3.1 Increasing Demand of Dry Type Transformers May Restraint The Market Growth 27

4.3.2 Fluctuating Raw Material Prices 27

4.4 Trends 27

4.4.1 Increasing use of Bio based Transformer Oil 27

4.4.2 Growing Demand of Silicone based Oil Owing to Its Fire Resistant Properties 28

4.5 Opportunity 28

4.5.1 New Power Grid Projects in Brazil & Middle East Markets 28

4.6 Value chain analysis 29

4.6.1 Raw Material Suppliers 29

4.6.2 Transformer Oil Manufacturers 29

4.6.3 Distributor/Supplier 29

4.6.4 End Users 30

4.7 Porter’s Five Forces Analysis 30

4.7.1 Threat from New Entrants 30

4.7.2 Bargaining Power of Buyers 31

4.7.3 Bargaining Power of Supplier 31

4.7.4 Threat from Substitutes 31

4.7.5 Threat of Rivalry 32

5.1 Introduction 33

5.2 Naphthenic 35

5.3 Paraffinic 41

5.4 Silicone Based Transformer Oil 47

5.5 Bio Based Transformer Oil 54

6.1 Introduction 61

6.2 Small Transformer 63

6.3 Large Transformers 69

6.4 Utility & Others 74

7.1 Introduction 81

7.2 North America 84

7.2.1 US 87

7.2.2 Canada 89

7.2.3 Mexico 91

7.3 Europe 93

7.3.1 Germany 96

7.3.2 UK 98

7.3.3 Russia 100

7.3.4 France 102

7.3.5 Rest of Europe 104

7.4 Asia-Pacific 106

7.4.1 China 109

7.4.2 Japan 111

7.4.3 India 113

7.4.4 Rest of Asia-Pacific 115

7.5 Rest of the World 117

7.5.1 Brazil 120

7.5.2 Saudi Arabia 122

7.5.3 Argentina 124

7.5.4 South Africa 126

7.5.5 Others 128 

8.1 Introduction 131

8.2 Expansion 132

8.3 Acquisition 134

9.1 Nynas AB 138

9.1.1 Overview 138

9.1.2 Financial Overview 138

9.1.3 Product/Business Segment Overview 139

9.1.4 Key Development 140

9.2 Ergon Inc 141

9.2.1 Overview 141

9.2.2 Financial Overview 141

9.2.3 Product Development 141

9.2.4 Key Development 142

9.3 Calumet Specialty Products Partners L.P., 143

9.3.1 Overview 143

9.3.2 Financial Overview 143

9.3.3 Key Developments 144

9.4 APAR Industries Limited 145

9.4.1 Overview 145

9.4.2 Financial Overview 145

9.4.3 Product/ Business Segment 147

9.4.4 Key Development 148

9.5 Petro China 149

9.5.1 Overview 149

9.5.2 Financials 149

9.5.3 Product/ Business Segment 150

9.6 Sinopec Group 151

9.6.1 Overview 151

9.6.2 Financials 151

9.6.3 Product/ Business Segment 151

9.7 Hydrodec Group Plc 152

9.7.1 Overview 152

9.7.2 Financials 152

9.7.3 Key developments 153

9.8 Cargill Inc 154

9.8.1 Overview 154

9.8.2 Financial Overview 154

9.8.3 Key Developments 154

9.9 Engen Petroleum Limited 155

9.9.1 Overview 155

9.9.2 Financial Overview 155

9.9.3 Product/ Business Segment 155

9.9.4 Key developments 156

9.10 Valvoline International, Inc. 157

9.10.1 Overview 157

9.10.2 Financial Overview 157

9.10.3 Product/ Business Segment 158

9.10.4 Key Development 158

9.11 San Joaquin Refining Co. Inc. 159

9.11.1 Overview 159

9.11.2 Product/ Business Segment 159

9.12 Gandhar Oil Refinery India Limited 160

9.12.1 Overview 160

9.12.2 Financial 160

9.12.3 Product/ Business Segment 160

Table 1 Global Transformer Oil Market: By Type, 2014-2022 (USD Billion)
Table 2 Naphthenic: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 3 Paraffinic: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 4 Silicone based Transformer Oil: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 5 Bio based Transformer Oil: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 6 Global Transformer Oil Market: By Application, 2014-2022 (USD Billion)
Table 7 Small transformer: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 8 Large Transformers: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 9 Utility: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 10 Others: Transformer Oil Market, By Region, 2014-2022 (USD Billion)
Table 11 Global Transformer Oil Market: By Region, 2014-2022 (USD Billion)
Table 12 North America: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 13 North America: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 14 North America: Transformer Oil Market, By Country, 2014-2022 (USD Billion)
Table 15 U.S.: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 16 U.S.: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 17 Canada: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 18 Canada: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 19 Mexico: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 20 Mexico: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 21 Europe: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 22 Europe: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 23 Europe: Transformer Oil Market, By Country, 2014-2022 (USD Billion)
Table 24 U.K.: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 25 U.K.: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 26 Germany: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 27 Germany: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 28 Russia: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 29 Russia: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 30 France: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 31 France: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 32 Rest of Europe: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 33 Rest of Europe: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 34 Asia-Pacific: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 35 Asia-Pacific: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 36 Asia-Pacific: Transformer Oil Market, By Country, 2014-2022 (USD Billion)
Table 37 China: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 38 China: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 39 India: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 40 India: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 41 Japan: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 42 Japan: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 43 Rest of Asia-Pacific: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 44 Rest of Asia-Pacific: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 46 Rest of the World: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 47 Rest of the World: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 48 Rest of the World: Transformer Oil Market, By Country, 2014-2022 (USD Billion)
Table 49 Brazil: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 50 Brazil: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 51 Argentina: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 52 Argentina: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 53 Saudi Arabia: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 54 Saudi Arabia: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 55 South Africa: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 56 South Africa: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 57 Others: Transformer Oil Market, By Type, 2014-2022 (USD Billion)
Table 58 Others: Transformer Oil Market, By Application, 2014-2022 (USD Billion)
Table 59 Transformer Oil, by Region, 2014-2016 (Units)
Table 60 Transformer Oil, by Key players, 2014-2016 (Units)

FIGURE 1 Global Transformer oil market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Transformer Oil Market
FIGURE 4 Value Chain of Global Transformer Oil Market
FIGURE 5 Global Transformer oil Market: By Type, 2014-2022 (USD Billion)
FIGURE 6 Global Transformer oil Market: By Application, 2014-2022 (USD Billion)
FIGURE 7 Global Transformer oil Market: By Region, 2014-2022 (USD Billion)
FIGURE 8 Asia-Pacific Transformer oil Market: By Country, 2016 (%)
FIGURE 9 North America Transformer oil Market: By Country, 2016 (%)
FIGURE 10 Europe Transformer oil Market: By Country, 2016 (%)
FIGURE 11 Rest of the World Transformer oil Market: By Country, 2016 (%)
FIGURE 12 Transformer oil, by Region, 2016 (%)
FIGURE 13 Transformer oil, by Key players, 2016 (%)
FIGURE 14 Market Development Analyses, 2014-2016 (%)