Global Transformer Oil Market was valued at USD 2,545 million in 2019 which is expected to reach USD 3,530.6 million by 2030 at CAGR 4.8%.
Transformer oil is referred as insulation oil which is steady at high temperatures and a superlative insulator for electricity. This is majorly derivatives of mineral oils, but substitute composition with better chemical and physical properties are growing in demand.
Increase in focus on rural electrification in emerging countries such as china and India is expected to drive the global transformer oil market. Furthermore, increase in urbanization, drastic industrialization, as well as progressive access to modern electricity grids in rural areas in APAC region which is expected to positively influence the market growth over the forecast period. Also, increase in consumer requirements and exponential development in distribution networks have also support the market growth during this forecast period. Moreover, rise in demand for electricity across the world has fuel the deployment of new transformers which in turn will propel the market growth.
A fluctuation in crude oil prices is the major challenging factor which is expected to hinder the global transformer oil market growth. Also, rise in adoption of alternate transformer technologies will limit the global transformer oil market growth.
Global Transformer Oil Market is segmented into product type Mineral Based Oil (Naphthenic Base Oil, and Paraffinic Oil), Silicone Based Oil, and Bio-Based Oil. Further, market is segmented into application such as Small-Scale Transformers, Large-Scale Transformers, and Utility Transformer Oil.
Also, Global Transformer Oil Market is fragmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as BASF SE, Emirates Lube Oil Company, Royal Dutch Shell, Hydrodec Group Plc, Engen Petroleum Ltd, Hyrax Oil Sdn Bhd, Calumet Specialty Products, Cargill Inc, Sinopec Corporation, PetroChina Company Ltd, Valvoline, Ergon Inc, Nynas AB, and Dairen Chemical Corporation.
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Transformer Oil Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Transformer Oil Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Transformer Oil Market Share Analysis, By Product Type
5.3 Global Transformer Oil Market Size and Forecast, By Product Type
5.3.1 Mineral Based Oil
5.3.1.1 Naphthenic Base Oil
5.3.1.2 Paraffinic Oil
5.3.2 Silicone Based Oil
5.3.3 Bio-Based Oil
6 Global Transformer Oil Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Transformer Oil Market Share Analysis, By Application
6.3 Global Transformer Oil Market Size and Forecast, By Application
6.3.1 Small-Scale Transformers
6.3.2 Large-Scale Transformers
6.3.3 Utility Transformer Oil
7Global Transformer Oil Market, By Region
7.1 Global Transformer Oil Market Share Analysis, By Region
7.2 Global Transformer Oil Market Share Analysis, By Region
7.3 Global Transformer Oil Market Size and Forecast, By Region
8North America Transformer Oil Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Transformer Oil Market Share Analysis, By Product Type
8.3 North America Transformer Oil Market Size and Forecast, By Application
8.4 North America Transformer Oil Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Transformer Oil Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Transformer Oil Market Share Analysis, By Product Type
9.3 Europe Transformer Oil Market Size and Forecast, By Application
9.4 Europe Transformer Oil Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Transformer Oil Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Transformer Oil Market Share Analysis, By Product Type
10.3 Asia Pacific Transformer Oil Market Size and Forecast, By Application
10.4 Asia Pacific Transformer Oil Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Transformer Oil Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Transformer Oil Market Share Analysis, By Product Type
11.3 Latin America Transformer Oil Market Size and Forecast, By Application
11.4 Latin America Transformer Oil Market Size and Forecast, By Country
12Middle East Transformer Oil Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Transformer Oil Market Share Analysis, By Product Type
12.3 Middle East Transformer Oil Market Size and Forecast, By Application
12.4 Middle East Transformer Oil Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 BASF SE
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Emirates Lube Oil Company
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Royal Dutch Shell
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Hydrodec Group Plc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Engen Petroleum Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hyrax Oil Sdn Bhd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Calumet Specialty Products
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Cargill Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Sinopec Corporation
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 PetroChina Company Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Valvoline
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Ergon Inc
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Nynas AB
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
14.14 Dairen Chemical Corporation
14.14.1 Overview
14.14.2 Offerings
14.14.3 Key Financials
14.14.4 Business Segment & Geographic Overview
14.14.5 Key Market Developments
14.14.6 Key Strategies
