Transformer Oil Market Research Report – Forecast to 2027

Transformer Oils Market Research Report: By Type (Naphthenic Oil, Paraffinic Oil, Bio-Based Oil, Silicone Oil), By Application (Large Transformers, Small Transformers, Utility & Others), And Region – Forecast till 2027

ID: MRFR/CnM/1237-CR | April, 2017 | Region : Global

Transformer Oil Market Overview:


With demand and supply focused and studied the Transformer Oil Market will be able to reach the market value of more than 2.6 billion US dollars by the end of the forecast year. The Transformer Oil Market is expected to register a CAGR of 8% by the year 2023.


Insulation within transformers is essential to avoid harmful accidents thus, insulating oil or transformer oil is used as a coolant in the components of the electrical transformers. By the process of fractional distillation, transformer oil is extracted from the crude oil. The chemical properties of transformer oil which make them highly useable include high resistivity, excellent di-electricity, thermal conductivity, chemical stability, minimal power loss, and other benefits.


The major factors involving the market growth are the rising demand for energy grids in the emerging economies of the Asia-Pacific regions, shift towards renewable and biodegradable sources of energy, modernization, technical upgrade, and improvement of the already present transformers, and manufacturing of new transformers as per consumer's demand in the North American region, rising investments in the power sector, rising investments in the power sector because of the introduction of advanced technological electronic devices, and others. However, dynamically changing and fluctuating cost of trading, exporting, importing raw materials, and changing consumer preferences towards dry transfers might challenge the market to a great extent.


COVID-19 Analysis:


The prevalence of ongoing pandemic has severely affected human lives globally. With the first case that originated in China to the global pandemic, the COVID-19 has proven to be fatal. The countries saw the loss of life, power, revenue, and others. The world went to a halt seeing the global pandemic and is still in the phase of misery with the outbreak of new strains and mutants. With vaccine under testing to control the adverse effects COVID-19 is likely to prevail for a longer duration. Market dynamics changed for industries around the world. The rate of utilization decreased enormously, which resulted in the shortage of supply for a significant number of end-users. The transformer oils market saw a downfall in various sectors, but it spiked significantly in the healthcare sectors and hospitals to maintain a continuity of services there to treat patients infected with the virus. Transformers are essential in healthcare sectors to maintain continuity of electricity so that it does not hamper patient care. The other industrial sectors are also expected to regain value and status as the world fight against the pandemic with combined forces.


Competitive Landscape:


The association of fundamental market players, revenue generated, application dominance, new market initiatives, pricing analysis, trade analysis, company financials, investors interest, market width and breadth, and robust nature of the manufacturing unit is analyzed, studied, and stockpiled under the competitive analysis section of the report.


The Audience attracted by the global transformer oils market are:


- Raw material transporters
- Distributors of transformer oils
- Transformer oils manufacturers
- Traders of transformer oils 
- Potential investors of the unit
- Industries involved in production units


The foremost market contenders include:


- Nynas AB (Sweden)
- Calumet Specialty Products (U.S.)
- PetroChina Company (China)
- Hydrodec Group Plc. (U.K)
- Engen Petroleum Limited (South Africa)
- San Joaquin Refining (U.S.)
- Ergon Inc. (U.S.)
- APAR Industries Limited (India)
- Sinopec Group (China)
- Cargill Inc. (U.S.)
- Valvoline Inc. (U.S.)
- Gandhar Oil Refining (India)


Market Dynamics:



  • Drivers:


- Extensive demand for energy grids in the emerging economies of the developing nations of India and China.


- Efforts to rely on renewable and biodegradable sources of energy.


- Modernization, technical upgrade, and improvement of the already present transformers, and manufacturing new transformers as per consumer's demand in the North American region.


- Rising investments in the power sector.
- High power consumption to meet the requirements of increasing electricity demands.
- Introduction of advanced technological electronic devices.


  •  Challenges:


- Dynamically changing and fluctuating cost of trading, exporting, importing raw materials.
- Introduction of dry transformers.
- Installation of a transformer is an expensive and time-consuming process

Technology Analysis:


By the process of fractional distillation, transformer oil is extracted from the crude oil. The chemical properties of transformer oil which make them highly useable include high resistivity, excellent di-electricity, thermal conductivity, chemical stability, minimal power loss, and other benefits. Insulation with transformers is essential to avoid harmful accidents thus, insulating oil or transformer oil is used as a coolant in the components of the electrical transformers. 


With high power comes difficulty to maintain supply continuity thus transformer oils are used for dissipating heat, insulating power equipment, cooling systems, and others. A global shift to adapt to the use of renewable and biodegradable sources of energy is leading the global transformer oil market. The factors that fueled the market growth in the emerging economies of the Asia-Pacific regions are Rapid urbanization, growing consumer requirements, rising demand for energy grids, exponential development, drastic industrialization, equipment maintenance, and improvement of rural electrification. Modernization, technical upgrade, and improvement of the already present transformers, and manufacturing new transformers as per consumer's demand in the North American region. However, installation of transformer is an expensive and time-consuming process, dynamically changing and fluctuating cost of trading, exporting, importing raw materials, and changing consumer preferences towards dry transfers might restrain the market growth.


Study Objectives:


- To share a brief note on Opportunity Analysis, Industry Forecast, Market Share, Market Value, Pricing Analysis, and Trading Analysis.
- To share analysis on the market dynamics studying the historic and current data.
- A study on regional analysis based on key market players, competition within regions,
- A qualitative review on technology analysis about the production of the transformer oils.

Segment Overview:


By Type:


The global Transformer Oil Market is segmented based on type as silicone oil, bio-based oil, naphthenic oil, and paraffinic oil.


By Application:


The global Transformer Oil Market is segmented based on application as small-scale transformers, large-scale transformers, utilities, and others.


Regional Analysis:


Geographically the global transformer oils market is segmented in the regions of The US and Canada in the North American region, Russia, Germany, Italy, The U.K., Spain, and France in the European region, India, China, and Japan in the Asia-Pacific region, Argentina, Mexico in the Latin American region, Turkey, Iran in The Middle East, Africa, and South Africa.


- Asia-Pacific region has emerged as the paramount market leader as per regional analysis collected over the period. With an extensive demand for energy grids in the emerging economies of the developing nations of India and China, supply is expected to rise to an eye-raising amount. The region is expected to register a CAGR worth 10.57% of the total market through the end of the forecast period. China is the leading manufacturing hub in the region due to the industrial revolution which augmented the trading of transformer oils and transformers.
- North America accounts for a share of 30% of the total market value and share-making is the second leader of the world in the global transformer oils market. Modernization, technical upgrade, and improvement of the already present transformers, and manufacturing new transformers as per consumer's demand is on the rise in the North American region, giving rise to the interest of investors and manufacturers in the region.

Recent Developments:


- In 2016, as part of the Grid Modernization Initiative, a total investment of 220 million US dollars was made by the U.S. DOE manufacturing company to re-energize the power grid of the transformers to make them sustainable, resilient, and affordable. The increasing expenditure costs and rapid urbanization and modernization in the infrastructure sector stimulated business opportunities in the developed economies.
- In 2013, The European Union allocated 10.6 billion US dollars to fund the infrastructure of the energy network in the European region to meet the increasing electricity demand.
- To extend the traditional electricity grid, The World Bank shares an investment of 37 billion US dollars every year to achieve Sustainable Energy by the year 2030.

Report Overview:


- To study the strategies of profiled market players.
- The developments, trends, and expected revenue during the forecast period.
- To share a brief note on Opportunity Analysis, Industry Forecast, Market Share, Market Value, Pricing Analysis, and Trading Analysis.
- Segment-wise analysis of the market based on application, region, and application.
- To share analysis on the market dynamics studying the historic and current data.
- A study on regional analysis based on key market players, competition within regions,
- A qualitative review on technology analysis about the production of the transformer oils.
- Nynas AB is stated to be the world's largest manufacture of the transfer oil product.
- Understanding of source and target of the industry, audiences involved, and opportunities created.
- A comprehensive outlook on the value chain optimization, collaborations between key players, import-export within regions, and others.

1 Report Prologue

2 Market Introduction

2.1 Definition 17

2.2 Scope Of The Study 17

2.3 List Of Assumptions 17

2.4 Limitations 17

2.5 Market Structure 18

3 Market Insights

4 Research Methodology

4.1 Research Process 24

4.2 Primary Research 25

4.3 Secondary Research 26

4.4 Market Size Estimation 27

4.5 Forecast Model 27

5 Market Dynamics

5.1 Introduction 29

5.1.1 Market Dynamic Overview 29

5.2 Drivers 30

5.2.1 Electricity Grid Expansion Owing To Increasing Energy Demand In Developing Countries Of Asia Pacific 30

5.2.2 Continuous Transition Towards Renewable Energy Sources 31

5.2.3 Power Grid Upgrade In Europe And North America 32

5.3 Restraints 33

5.3.1 Fluctuating Raw Material Prices 33

5.3.2 Increasing Demand For Dry-Type Transformers 34

5.4 Opportunities 35

5.4.1 New Power Grid Projects In Brazil And Middle East Markets 35

5.5 Trends 35

5.5.1 Increasing Use Of Bio-Based Transformer Oil 35

5.5.2 Growing Demand For Silicone-Based Transformer Oil Owing To Its Fire-Resistant Properties 35

6 Market Factor Analysis

6.1 Supply Chain Analysis 37

6.1.1 Raw Material Suppliers 37

6.1.2 Transformer Oil Manufacturers 37

6.1.3 Distributor/Supplier 37

6.1.4 End-Users 37

6.2 Porter’s Five Forces Analysis 38

6.2.1 The Threat Of New Entrants 38

6.2.2 Bargaining Power Of Buyers 38

6.2.3 Bargaining Power Of Supplier 38

6.2.4 Threat Of Substitutes 39

6.2.5 Threat Of Rivalry 39

7 Global Transformer Oil Market, By Type

7.1 Introduction 41

7.2 Naphthenic 43

7.3 Paraffinic 44

7.4 Silicone Based Transformer Oil 45

7.5 Bio Based Transformer Oil 46

8 Global Transformer Oil Market, By Application

8.1 Introduction 48

8.2 Large Transformers 50

8.3 Small Transformer 51

8.4 Utility & Others 52

9 Global Transformer Oil Market, By Region

9.1 Introduction 54

9.2 North America 56

9.2.1 The U.S. 59

9.2.2 Canada 61

9.3 Europe 63

9.3.1 Germany 66

9.3.2 UK 68

9.3.3 Russia 70

9.3.4 France 71

9.3.5 Belgium 73

9.3.6 Spain 75

9.3.7 Italy 76

9.3.8 Rest Of The Europe 78

9.4 Asia Pacific 80

9.4.1 China 83

9.4.2 India 85

9.4.3 Japan 87

9.4.4 South Korea 89

9.4.5 Rest Of The Asia Pacific 91

9.5 Latin America 93

9.5.1 Brazil 97

9.5.2 Mexico 99

9.5.3 Argentina 101

9.5.4 Rest Of The Latin America 103

9.6 Middle East & Africa 105

9.6.1 UAE 108

9.6.2 South Africa 110

9.6.3 Saudi Arabia 112

9.6.4 Rest Of The Middle East & Africa 114

10 Competitive Landscape

10.1 Introduction 117

10.2 Leading Player Analysis 118

10.3 Expansion 119

10.4 Acquisition 120

10.5 Agreement, Partnership And Joint Venture 121

11 Company Profiles

11.1 Nynas AB 123

11.1.1 Company Overview 123

11.1.2 Financials 123

11.1.3 Products 123

11.1.4 Strategy 123

11.1.5 Key Developments 123

11.2 Ergon Inc. 124

11.2.1 Company Overview 124

11.2.2 Financials 124

11.2.3 Products 124

11.2.4 Strategy 124

11.2.5 Key Developments 124

11.3 Calumet Specialty Products 125

11.3.1 Company Overview 125

11.3.2 Financials 125

11.3.3 Products 125

11.3.4 Strategy 125

11.3.5 Key Developments 125

11.4 APAR Industries Limited 126

11.4.1 Company Overview 126

11.4.2 Financials 126

11.4.3 Products 126

11.4.4 Strategy 126

11.4.5 Key Developments 126

11.5 PetroChina Company 127

11.5.1 Company Overview 127

11.5.2 Financials 127

11.5.3 Products 127

11.5.4 Strategy 127

11.5.5 Key Developments 127

11.6 Sinopec Group 128

11.6.1 Company Overview 128

11.6.2 Financials 128

11.6.3 Products 128

11.6.4 Strategy 128

11.6.5 Key Developments 128

11.7 Hydrodec Group Plc. 129

11.7.1 Company Overview 129

11.7.2 Financials 129

11.7.3 Products 129

11.7.4 Strategy 129

11.7.5 Key Developments 129

11.8 Cargill Inc. 130

11.8.1 Company Overview 130

11.8.2 Financials 130

11.8.3 Products 130

11.8.4 Strategy 130

11.8.5 Key Developments 130

11.9 Engen Petroleum Limited 131

11.9.1 Company Overview 131

11.9.2 Financials 131

11.9.3 Products 131

11.9.4 Strategy 131

11.9.5 Key Developments 131

11.10 Valvoline Inc. 132

11.10.1 Company Overview 132

11.10.2 Financials 132

11.10.3 Products 132

11.10.4 Strategy 132

11.10.5 Key Developments 132

11.11 San Joaquin Refining 133

11.11.1 Company Overview 133

11.11.2 Financials 133

11.11.3 Products 133

11.11.4 Strategy 133

11.11.5 Key Developments 133

11.12 Gandhar Oil Refinery 134

11.12.1 Company Overview 134

11.12.2 Financials 134

11.12.3 Products 134

11.12.4 Strategy 134

11.12.5 Key Developments 134

12 Conclusion

13 List Of Tables

TABLE 1 GLOBAL TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 41

TABLE 2 GLOBAL TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 42

TABLE 3 GLOBAL TRANSFORMER OIL MARKET FOR NAPTHENIC (2020-2027) (USD MILLION) 43

TABLE 4 GLOBAL TRANSFORMER OIL MARKET FOR NAPTHENIC (2020-2027) (MILLION LITER) 43

TABLE 5 GLOBAL TRANSFORMER OIL MARKET FOR PARAFFINIC (2020-2027) (USD MILLION) 44

TABLE 6 GLOBAL TRANSFORMER OIL MARKET FOR PARAFFINIC (2020-2027) (MILLION LITER) 44

TABLE 7 GLOBAL TRANSFORMER OIL MARKET FOR SILICON BASED TRANSFORMER OIL (2020-2027) (USD MILLION) 45

TABLE 8 GLOBAL TRANSFORMER OIL MARKET FOR SILICON BASED TRANSFORMER OIL TYPE (2020-2027) (MILLION LITER) 45

TABLE 9 GLOBAL TRANSFORMER OIL MARKET FOR BIO BASED TRANSFORMER OIL (2020-2027) (USD MILLION) 46

TABLE 10 GLOBAL TRANSFORMER OIL MARKET FOR BIO BASED TRANSFORMER OIL (2020-2027) (MILLION LITER) 46

TABLE 11 GLOBAL TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 48

TABLE 12 GLOBAL TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 49

TABLE 13 GLOBAL TRANSFORMER OIL MARKET FOR LARGE TRANSFORMER (2020-2027) (USD MILLION) 50

TABLE 14 GLOBAL TRANSFORMER OIL MARKET FOR LARGE TRANSFORMER (2020-2027) (MILLION LITER) 50

TABLE 15 GLOBAL TRANSFORMER OIL MARKET FOR SMALLTRANSFORMER (2020-2027) (USD MILLION) 51

TABLE 16 GLOBAL TRANSFORMER OIL MARKET FOR SMALL TRANSFORMER (2020-2027) (MILLION LITER) 51

TABLE 17 GLOBAL TRANSFORMER OIL MARKET FOR UTILITY & OTHERS LARGE TRANSFORMER (2020-2027) (USD MILLION) 52

TABLE 18 GLOBAL TRANSFORMER OIL MARKET FOR UTILITY & OTHERS (2020-2027) (MILLION LITER) 52

TABLE 19 GLOBAL TRANSFORMER OIL MARKET BY REGION (2020-2027) (USD MILLION) 55

TABLE 20 GLOBAL TRANSFORMER OIL MARKET BY REGION (2020-2027) (MILLION LITER) 55

TABLE 21 NORTH AMERICA TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (USD MILLION) 57

TABLE 22 NORTH AMERICA TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (MILLION LITER) 57

TABLE 23 NORTH AMERICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 57

TABLE 24 NORTH AMERICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 58

TABLE 25 NORTH AMERICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 58

TABLE 26 NORTH AMERICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 58

TABLE 27 THE U.S. TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 59

TABLE 28 THE U.S. TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 59

TABLE 29 THE U.S. TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 59

TABLE 30 THE U.S. TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 60

TABLE 31 CANADA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 61

TABLE 32 CANADA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 61

TABLE 33 CANADA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 61

TABLE 34 CANADA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 62

TABLE 35 EUROPE TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (USD MILLION) 64

TABLE 36 EUROPE TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (MILLION LITER) 64

TABLE 37 EUROPE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 65

TABLE 38 EUROPE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 65

TABLE 39 EUROPE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 65

TABLE 40 EUROPE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 66

TABLE 41 GERMANY TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 66

TABLE 42 GERMANY TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 67

TABLE 43 GERMANY TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 67

TABLE 44 GERMANY TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 67

TABLE 45 UK TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 68

TABLE 46 UK TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 68

TABLE 47 UK TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 69

TABLE 48 UK TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 69

TABLE 49 RUSSIA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 70

TABLE 50 RUSSIA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 70

TABLE 51 RUSSIA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 70

TABLE 52 RUSSIA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 71

TABLE 53 FRANCE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 71

TABLE 54 FRANCE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 72

TABLE 55 FRANCE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 72

TABLE 56 FRANCE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 72

TABLE 57 BELGIUM TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 73

TABLE 58 BELGIUM TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 73

TABLE 59 BELGIUM TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 74

TABLE 60 BELGIUM TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 74

TABLE 61 SPAIN TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 75

TABLE 62 SPAIN TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 75

TABLE 63 SPAIN TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 75

TABLE 64 SPAIN TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 76

TABLE 65 ITALY TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 76

TABLE 66 ITALY TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 77

TABLE 67 ITALY TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 77

TABLE 68 ITALY TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 77

TABLE 69 REST OF THE EUROPE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 78

TABLE 70 REST OF THE EUROPE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 78

TABLE 71 REST OF THE EUROPE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 79

TABLE 72 REST OF THE EUROPE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 79

TABLE 73 ASIA PACIFIC TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (USD MILLION) 81

TABLE 74 ASIA PACIFIC TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (MILLION LITER) 81

TABLE 75 ASIA PACIFIC TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 82

TABLE 76 ASIA PACIFIC TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 82

TABLE 77 ASIA PACIFIC TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 82

TABLE 78 ASIA PACIFIC TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 83

TABLE 79 CHINA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 83

TABLE 80 CHINA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 84

TABLE 81 CHINA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 84

TABLE 82 CHINA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 84

TABLE 83 INDIATRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 85

TABLE 84 INDIATRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 85

TABLE 85 INDIATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 86

TABLE 86 INDIATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 86

TABLE 87 JAPANTRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 87

TABLE 88 JAPANTRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 87

TABLE 89 JAPANTRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 88

TABLE 90 JAPANTRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 88

TABLE 91 SOUTH KOREATRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 89

TABLE 92 SOUTH KOREATRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 89

TABLE 93 SOUTH KOREATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 90

TABLE 94 SOUTH KOREATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 90

TABLE 95 REST OF THE ASIA PACIFIC TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 91

TABLE 96 REST OF THE ASIA PACIFIC TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 91

TABLE 97 REST OF THE ASIA PACIFIC TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 92

TABLE 98 REST OF THE ASIA PACIFIC TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 92

TABLE 99 LATIN AMERICATRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (USD MILLION) 94

TABLE 100 LATIN AMERICATRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (MILLION LITER) 94

TABLE 101 LATIN AMERICATRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 95

TABLE 102 LATIN AMERICATRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 95

TABLE 103 LATIN AMERICATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 96

TABLE 104 LATIN AMERICATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 96

TABLE 105 BRAZILTRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 97

TABLE 106 BRAZILTRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 97

TABLE 107 BRAZILTRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 98

TABLE 108 BRAZILTRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 98

TABLE 109 MEXICOTRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 99

TABLE 110 MEXICOTRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 99

TABLE 111 MEXICOTRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 100

TABLE 112 MEXICOTRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 100

TABLE 113 ARGENTINATRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 101

TABLE 114 ARGENTINATRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 101

TABLE 115 ARGENTINATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 102

TABLE 116 ARGENTINATRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 102

TABLE 117 REST OF THE LATIN AMERICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 103

TABLE 118 REST OF THE LATIN AMERICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 103

TABLE 119 REST OF THE LATIN AMERICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 104

TABLE 120 REST OF THE LATIN AMERICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 104

TABLE 121 MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (USD MILLION) 106

TABLE 122 MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY COUNTRIES (2020-2027) (MILLION LITER) 106

TABLE 123 MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 107

TABLE 124 MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 107

TABLE 125 MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 107

TABLE 126 MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 108

TABLE 127 UAE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 108

TABLE 128 UAE TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 109

TABLE 129 UAE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 109

TABLE 130 UAE TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 109

TABLE 131 SOUTH AFRICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 110

TABLE 132 SOUTH AFRICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 110

TABLE 133 SOUTH AFRICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 111

TABLE 134 SOUTH AFRICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 111

TABLE 135 SAUDI ARABIA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 112

TABLE 136 SAUDI ARABIA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 112

TABLE 137 SAUDI ARABIA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 113

TABLE 138 SAUDI ARABIA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 113

TABLE 139 REST OF THE MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 114

TABLE 140 REST OF THE MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 114

TABLE 141 REST OF THE MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 114

TABLE 142 REST OF THE MIDDLE EAST & AFRICA TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 115

TABLE 143 EXPANSION, 2020-2027 119

TABLE 144 ACQUISITION, 2015 120

TABLE 145 AGREEMENT, PARTNERSHIP AND JOINT VENTURE, 2020-2027 121

14 List Of Figures

FIGURE 1 NORTH AMERICA MARKET SIZE BY COUNTRY & SHARE (2020 VS 2027) 20

FIGURE 2 EUROPE MARKET SIZE BY COUNTRY & SHARE (2020 VS 2027) 20

FIGURE 3 ASIA PACIFIC MARKET SIZE BY COUNTRY & SHARE (2020 VS 2027) 21

FIGURE 4 LATIN AMERICA MARKET SIZE BY COUNTRY & SHARE (2020 VS 2027) 21

FIGURE 5 MIDDLE EAST & AFRICA MARKET SIZE BY COUNTRY & SHARE (2020 VS 2027) 22

FIGURE 6 RESEARCH PROCESS OF MRFR 24

FIGURE 7 TOP DOWN & BOTTOM UP APPROACH 27

FIGURE 8 GLOBAL TRANSFORMER OIL MARKET BY TYPE (2020-2027) (USD MILLION) 41

FIGURE 9 GLOBAL TRANSFORMER OIL MARKET BY TYPE (2020-2027) (MILLION LITER) 42

FIGURE 10 GLOBAL TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (USD MILLION) 48

FIGURE 11 GLOBAL TRANSFORMER OIL MARKET BY APPLICATION (2020-2027) (MILLION LITER) 49

FIGURE 12 GLOBAL TRANSFORMER OIL MARKET BY REGION (2020) (%) 54

FIGURE 13 GLOBAL TRANSFORMER OIL MARKET BY REGION (2020-2027) (USD MILLION) 54

FIGURE 14 GLOBAL TRANSFORMER OIL MARKET BY REGION (2020-2027) (MILLION LITER) 55

FIGURE 15 EXPANSION WAS THE KEY GROWTH STARTERGY ADOPTED BY TRANSFORMER OIL PLAYERS, 2020-2027 117

Transformer Oil Market