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Transformer Oil Market By Type (Mineral Oil-Based, Silicone-Based, Bio-Based Oil), By Application (Power Transformers, Distribution Transformers) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

This report, titled "Transformer Oil Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the transformer oil market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on type, application, and geographical distribution.

The global transformer oil market is expected to witness high growth with increasing urbanization, growth in industrial electricity consumption due to the increasing operational scale of industries, and increasing penetration of electricity in rural areas due to various government initiatives, which are anticipated to propel the demand for transformer oil. Furthermore, the emergence of environmentally friendly transformer oil, such as bio-based transformer oil, is projected to propel the demand for transformer oil.

The global transformer oil market is dominated by key players in the transformer oil industry. Further, rapid urbanization and increasing government initiatives for rural electrification in the Asia Pacific are anticipated to fuel the demand for transformer oil over the forecast period.

The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.

Based on type, the global transformer oil market is segmented as mineral oil-based, silicone-based, and bio-based. By application, the global transformer oil market is segmented into power transformers, distribution transformers, and others. In addition, transformer oil manufacturing companies, distributors, and academic organizations form the major client types for the transformer oil market. This report presents the market size (million liters) and forecasts for each segment considered for the period 2015-2025, as well as their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global transformer oil market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To further elucidate, the geographical distribution of the global transformer oil market is described as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global transformer oil market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of transformer oil.

Based on type, the global transformer oil market is segmented as follows:

  • Mineral Oil-Based
  • Silicone-Based
  • Bio-Based Oil

On the basis of type, the global transformer oil market can be segmented into mineral oil-based, silicone-based, and bio-based oils. In 2016, the mineral oil-based segment accounted for the largest revenue share in the global transformer oil market. Transformer oil based on mineral oil is widely used in transformers. Affordable prices and easy availability increase the adaptability of the mineral-based transformer oil, which is expected to fuel the segment's growth during the forecast period. Bio-based transformer oil is projected to be the fastest-growing segment in the global transformer oil market. Favorable regulation, as well as a growing preference for renewables, particularly in developed economies of Europe, are expected to drive segment growth during the forecast period (2017-2025).

Based on the application, the global transformer oil market is segmented as follows:

  • Power Transformers
  • Distribution Transformers
  • Others

On the basis of application, the global transformer oil market can be segmented into power transformers, distribution transformers, and others. In 2016, distribution transformers were observed to be the largest application segment in the global transformer oil market. The increasing focus of governments to increase the penetration of electrical supply in rural areas, especially in emerging economies including India, China, Brazil, and various African countries, is projected to drive the growth of the segment. Further, rapid urbanization is fueling the power demand, which in turn is also projected to fuel the demand for distribution transformers during the forecast period (2017–2025).

For the purpose of this study, the global transformer oil market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global transformer oil market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific was estimated to hold the largest share of the global transformer oil market and is projected to maintain its dominance over the forecast period. Rapid urbanization and prompt industrialization, along with growing government initiatives in the region for rural electrification, especially in China and India, are projected to fuel the demand for transformers in the region, which in turn is projected to fuel the demand for transformer oil in the region. Thus, the region is projected to witness high growth in demand for transformer oil over the forecast period (2017–2025).

Frequently Asked Questions: 

The market for Transformer Oil is expected to reach US$ 5.3 Bn in 2025.

The Transformer Oil market is expected to see significant CAGR growth over the coming years, at 4.7%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Competitive Dashboard,Key Players,Cargill, Incorporated,Ergon Inc.,Engen Petroleum Limited are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Oil & Gas
Report ID:   58529
Report Format:   PDF
Pages:   120
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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