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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

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Market Insights

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
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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).

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Transformer Oil Market Snapshot
2.1.1. Global Transformer Oil Market, by Type, 2016
2.1.2. Global Transformer Oil Market, by Application, 2016
2.1.3. Global Transformer Oil Market, by Geography, 2016
2.1.4. Key Players
2.1.5. Drivers, Restrains & Future Prospects

3. Global Transformer Oil Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Global Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry

4. Global Transformer Oil Market Size & Forecast (US$ Mn), By Type, 2015 – 2025
4.1. Overview
4.1.1. Market Share Analysis by Type, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Type
4.2. Mineral Oil-Based
4.2.1. Naphthenic Mineral Oil-Based
4.2.2. Paraffinic Mineral Oil-Based
4.3. Silicone-Based
4.4. Bio-Based Oil

5. Global Transformer Oil Market Size & Forecast (US$ Mn), By Application, 2015 – 2025
5.1. Overview
5.1.1. Market Share Analysis by Application, 2016 vs. 2025
5.1.2. Attractive Investment Proposition by Application
5.2. Power Transformers
5.3. Distribution Transformers
5.4. Others (Instrumental & others)

6. Global Transformer Oil Market Size & Forecast (US$ Mn), By Geography, 2015 – 2025
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2016 vs. 2025
6.1.2. Attractive Investment Proposition by Geography
6.2. North America Transformer Oil Market Analysis, 2015 – 2025
6.2.1. North America Transformer Oil Market Overview
6.2.1.1. North America Market Size & Forecast (US$ Mn), 2015 – 2025
6.2.1.2. North America Market Attractive Investment Proposition, by Country
6.2.1.3. North America Market Attractive Investment Proposition, by Type
6.2.1.4. North America Market Attractive Investment Proposition, by Application
6.2.2. North America Transformer Oil Market Size & Forecast (US$ Mn), By Country, 2015 – 2025
6.2.2.1. U.S.
6.2.2.2. Canada
6.2.3. North America Transformer Oil Market Size & Forecast (US$ Mn), By Type
6.2.3.1. Mineral Oil-Based
6.2.3.1.1. Naphthenic Mineral Oil-Based
6.2.3.1.2. Paraffinic Mineral Oil-Based
6.2.3.2. Silicone-Based
6.2.3.3. Bio-Based Oil
6.2.4. North America Transformer Oil Market Size & Forecast (US$ Mn), By Application, 2015 – 2025
6.2.4.1. Power Transformers
6.2.4.2. Distribution Transformers
6.2.4.3. Others (Instrumental & others)
6.3. Europe Transformer Oil Market Analysis, 2015 – 2025
6.3.1. Europe Transformer Oil Market Overview
6.3.1.1. Europe Market Size & Forecast (US$ Mn), 2015 – 2025
6.3.1.2. Europe Market Attractive Investment Proposition, by Country
6.3.1.3. Europe Market Attractive Investment Proposition, by Type
6.3.1.4. Europe Market Attractive Investment Proposition, by Application
6.3.2. Europe Transformer Oil Market Size & Forecast (US$ Mn), By Country, 2015 – 2025
6.3.2.1. U.K.
6.3.2.2. Germany
6.3.2.3. Italy
6.3.2.4. France
6.3.2.5. Rest of Europe
6.3.3. Europe Transformer Oil Market Size & Forecast (US$ Mn), By Type
6.3.3.1. Mineral Oil-Based
6.3.3.1.1. Naphthenic Mineral Oil-Based
6.3.3.1.2. Paraffinic Mineral Oil-Based
6.3.3.2. Silicone-Based
6.3.3.3. Bio-Based Oil
6.3.4. Europe Transformer Oil Market Size & Forecast (US$ Mn), By Application, 2015 – 2025
6.3.4.1. Power Transformers
6.3.4.2. Distribution Transformers
6.3.4.3. Others (Instrumental & others)
6.4. Asia Pacific Transformer Oil Market Analysis , 2015 – 2025
6.4.1. Asia Pacific Transformer Oil Market Overview
6.4.1.1. Asia Pacific Market Size & Forecast (US$ Mn), 2015 – 2025
6.4.1.2. Asia Pacific Market Attractive Investment Proposition, by Country
6.4.1.3. Asia Pacific Market Attractive Investment Proposition, by Type
6.4.1.4. Asia Pacific Market Attractive Investment Proposition, by Application
6.4.2. Asia Pacific Transformer Oil Market Size & Forecast (US$ Mn), By Country, 2015 – 2025
6.4.2.1. China
6.4.2.2. Japan
6.4.2.3. India
6.4.2.4. Rest of Asia Pacific
6.4.3. Asia Pacific Transformer Oil Market Size & Forecast (US$ Mn), By Type
6.4.3.1. Mineral Oil-Based
6.4.3.1.1. Naphthenic Mineral Oil-Based
6.4.3.1.2. Paraffinic Mineral Oil-Based
6.4.3.2. Silicone-Based
6.4.3.3. Bio-Based Oil
6.4.4. Asia Pacific Transformer Oil Market Size & Forecast (US$ Mn), By Application, 2015 – 2025
6.4.4.1. Power Transformers
6.4.4.2. Distribution Transformers
6.4.4.3. Others (Instrumental & others)
6.5. Latin America Transformer Oil Market Analysis , 2015 – 2025
6.5.1. Latin America Transformer Oil Market Overview
6.5.1.1. Latin America Market Size & Forecast (US$ Mn), 2015 – 2025
6.5.1.2. Latin America Market Attractive Investment Proposition, by Country
6.5.1.3. Latin America Market Attractive Investment Proposition, by Type
6.5.1.4. Latin America Market Attractive Investment Proposition, by Application
6.5.2. Latin America Transformer Oil Market Size & Forecast (US$ Mn), By Country, 2015 – 2025
6.5.2.1. Brazil
6.5.2.2. Mexico
6.5.2.3. Rest of Latin America
6.5.3. Latin America Transformer Oil Market Size & Forecast (US$ Mn), By Type
6.5.3.1. Mineral Oil-Based
6.5.3.1.1. Naphthenic Mineral Oil-Based
6.5.3.1.2. Paraffinic Mineral Oil-Based
6.5.3.2. Silicone-Based
6.5.3.3. Bio-Based Oil
6.5.4. Latin America Transformer Oil Market Size & Forecast (US$ Mn), By Application, 2015 – 2025
6.5.4.1. Power Transformers
6.5.4.2. Distribution Transformers
6.5.4.3. Others (Instrumental & others)
6.6. Middle East & Africa (MEA) Transformer Oil Market Analysis , 2015 – 2025
6.6.1. MEA Transformer Oil Market Overview
6.6.1.1. MEA Market Size & Forecast (US$ Mn), 2015 – 2025
6.6.1.2. MEA Market Attractive Investment Proposition, by Region
6.6.1.3. MEA Market Attractive Investment Proposition, by Type
6.6.1.4. MEA Market Attractive Investment Proposition, by Application
6.6.2. MEA Transformer Oil Market Size & Forecast (US$ Mn), By Region, 2015 – 2025
6.6.2.1. GCC
6.6.2.2. Rest of MEA
6.6.3. MEA Transformer Oil Market Size & Forecast (US$ Mn), By Type
6.6.3.1. Mineral Oil-Based
6.6.3.1.1. Naphthenic Mineral Oil-Based
6.6.3.1.2. Paraffinic Mineral Oil-Based
6.6.3.2. Silicone-Based
6.6.3.3. Bio-Based Oil
6.6.4. MEA Transformer Oil Market Size & Forecast (US$ Mn), By Application, 2015 – 2025
6.6.4.1. Power Transformers
6.6.4.2. Distribution Transformers
6.6.4.3. Others (Instrumental & others)

7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. APAR Industries Limited
7.2.1.1. Business Description
7.2.1.2. Financial Information*
7.2.1.3. Product Portfolio
7.2.1.4. Key Developments/ Business Strategies
7.2.1.5. SWOT Analysis
7.2.2. Calumet Specialty Products Partners, L.P.
7.2.3. Cargill, Incorporated
7.2.4. Ergon Inc.
7.2.5. Engen Petroleum Limited
7.2.6. Gandhar Oil Refinery India Limited
7.2.7. Hydrodec Group PLC
7.2.8. Nynas AB
7.2.9. Petrochina Company Limited
7.2.10. Sinopec Corporation
7.2.11. San Joaquin Refining Co., Inc.
7.2.12. Valvoline
7.2.13. Other Notable Players

List of Figures

Figure 01: Global Transformer Oil Market Size (US$ Mn) & Forecast, 2015-2025
Figure 02: Global Transformer Oil Market Share (Value %) Analysis by Geography, 2016 vs. 2025
Figure 03: Global Transformer Oil Market Investment Proposition by Geography, 2017-2025
Figure 04: Global Transformer Oil Market Investment Proposition by Type, 2017-2025
Figure 05: Global Transformer Oil Market Investment Proposition by Application, 2017-2025
Figure 06: North America Transformer Oil Market Investment Proposition by Country, 2017-2025
Figure 07: North America Transformer Oil Market Investment Proposition by Type, 2017-2025
Figure 08: North America Transformer Oil Market Investment Proposition by Application, 2017-2025
Figure 09: Europe Transformer Oil Market Investment Proposition by Country, 2017-2025
Figure 10: Europe Transformer Oil Market Investment Proposition by Type, 2017-2025
Figure 11: Europe Transformer Oil Market Investment Proposition by Application, 2017-2025
Figure 12: Asia Pacific Transformer Oil Market Investment Proposition by Country, 2017-2025
Figure 13: Asia Pacific Transformer Oil Market Investment Proposition by Type, 2017-2025
Figure 14: Asia Pacific Transformer Oil Market Investment Proposition by Application, 2017-2025
Figure 15: Latin America Transformer Oil Market Investment Proposition by Country, 2017-2025
Figure 16: Latin America Transformer Oil Market Investment Proposition by Type, 2017-2025
Figure 17: Latin America Transformer Oil Market Investment Proposition by Application, 2017-2025
Figure 18: Middle East & Africa Transformer Oil Market Investment Proposition by Region, 2017-2025
Figure 19: Middle East & Africa Transformer Oil Market Investment Proposition by Type, 2017-2025
Figure 20: Middle East & Africa Transformer Oil Market Investment Proposition by Application, 2017-2025

List of Tables

Table 01: Global Transformer Oil Market Value (US$ Mn) & Forecast, by Geography, 2015-2025
Table 02: Global Transformer Oil Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 03: Global Transformer Oil Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 04: North America Transformer Oil Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 05: North America Transformer Oil Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 06: North America Transformer Oil Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 07: Europe Transformer Oil Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 08: Europe Transformer Oil Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 09: Europe Transformer Oil Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 10: Asia Pacific Transformer Oil Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 11: Asia Pacific Transformer Oil Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 12: Asia Pacific Transformer Oil Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 13: Latin America Transformer Oil Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 14: Latin America Transformer Oil Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 15: Latin America Transformer Oil Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 16: MEA Transformer Oil Market Value (US$ Mn) & Forecast, by Region, 2015-2025
Table 17: MEA Transformer Oil Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 18: MEA Transformer Oil Market Value (US$ Mn) & Forecast, by Application, 2015-2025

Frequently Asked Questions: 

What is the size of Transformer Oil Market?

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

What is the Transformer Oil Market CAGR?

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

What is the Forecast period considered for Transformer Oil Market?

The report is forecasted from 2017-2025.

What is the base year considered for Transformer Oil Market?

The base year of this report is 2016.

Who are the major players in this market?

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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