The Global Transformer Oil market spurring market growth in the wake of meeting the electricity requirement and curb electricity wastage. The global transformer oil market has the potential to grow with USD 4.8 billion with bolstering CAGR in the forecast period from 2020-2027. The emerging demand for providing electricity to people and changing electricity grids are fueling the market demand for the global transformer oil market.
Transformer oil is the most critical insulating material inside the transformer, and its insulation performance undoubtedly plays a vital role in the safe operation of the transformer and the entire power system.
Due to the advantages of mineral transformer oil in terms of source, price, and performance, it has always occupied the most critical position of transformer oil. Transformer oil is a kind of synthetic mineral oil, which is produced by a series of distillation and refining of natural oil. The critical chemical component of transformer oil is a naphthenic hydrocarbon, accounting for about 80% of all parts, and the remaining ingredients are mostly aromatic hydrocarbons and alkanes. In addition to having excellent insulation properties, it also plays a vital role in heat dissipation and arc suppression in the daily operation of transformers.
Type overview in the Global Transformer Oil Market
Based on the type, the global transformer oil market classified into Mineral Oil, Silicone, and Bio-based. The mineral oil segment has captured the highest market value in the global transformer oil market in the forecast period from 2020-2027. Mineral oil can float on the surface of the water body and affect the exchange of oxygen between the air and the water body. It can also be dispersed in water, adsorbed on suspended particles, or existing in water in an emulsified state. Therefore, with low fire flammable property, it majorly used in high-risk areas to minimize the chances of an accident.
Application overview in the Global Transformer Oil Market
Based on the application, the global transformer oil market segmented into Transformer, Switchgear, and Reactor. The transformers segment is dominating the market demand for the global transformer oil market. The transformer is static electrical equipment. It uses the principle of electromagnetic induction to increase or decrease the input voltage to the same frequency AC voltage output to meet the needs of high-voltage power transmission, low-voltage power distribution, and other uses.
Once the transformer tripped, leakage, aging, and other faults, it will seriously affect the regular life order. Attention must be paid to the maintenance and repair of the transformer to ensure the proper use of the transformer and the safety and reliability of the transformer.
End-Use overview in the Global Transformer Oil Market
Based on the end-use, the global transformer oil market categorized into Transmission and Distribution, Power Generation, Railways & Metros, and Others. The power generation segment is capturing the largest share in the global transformer oil market and will continue to bolster its market demand in the forecast period from 2020-2027. It is owing to the rapid growth of population and urbanization, and the emerging need of the consumer for providing electricity grid is propelling the market share of the global transformer oil market.
Region overview in the Global Transformer Oil Market
Based on geography, the global transformer oil market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region dominates the market for the global transformer oil market. It is mainly due to the changing needs of the consumer with technology advancement, and the rising need for upgradation of electricity infrastructure is fueling the market demand for the global transformer oil.
Global Transformer Oil Market: Competitive Landscape
Companies such as Nynas AB, Ergon International, Petrochina Company Limited, Apar Industries, Sinopec Lubricant, Calumet Speciality Products, Hydrodec Group, Cargill, Incorporated, and ExxonMobil and others are key players in the global transformer oil market.
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Competitors & Product Analysis
4.3. Regulatory Framework
4.4. Company market share analysis, 2019
4.5. Porter’s Five forces analysis
4.6. New Investment Analysis
4.7. PESTEL Analysis
5. Global Transformer Oil Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Type
5.2.1.1. Mineral
5.2.1.2. Silicone
5.2.1.3. Bio-based
5.2.2. By Application
5.2.2.1. Transformer
5.2.2.2. Switchgear
5.2.2.3. Reactor
5.2.3. By End-use
5.2.3.1. Transmission and Distribution
5.2.3.2. Power Generation
5.2.3.3. Railways & Metros
5.2.3.4. Others
5.2.4. By Region
5.2.4.1. Europe
5.2.4.2. North America
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. Europe Transformer Oil Market Overview
6.1. Europe Transformer Oil Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. Europe Transformer Oil Market Share & Forecast, 2016-2027
6.2.1. By Type
6.2.1.1. Mineral
6.2.1.2. Silicone
6.2.1.3. Bio-based
6.2.2. By Application
6.2.2.1. Transformer
6.2.2.2. Switchgear
6.2.2.3. Reactor
6.2.3. By End-use
6.2.3.1. Transmission and Distribution
6.2.3.2. Power Generation
6.2.3.3. Railways & Metros
6.2.3.4. Others
6.2.4. By Country
6.2.4.1. Germany
6.2.4.2. UK
6.2.4.3. France
6.2.4.4. Italy
6.2.4.5. Rest of Europe
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on Europe Transformer Oil Market
7. North America Transformer Oil Market Overview
7.1. North America Transformer Oil Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. North America Transformer Oil Market Share & Forecast, 2016-2027
7.2.1. By Type
7.2.1.1. Mineral
7.2.1.2. Silicone
7.2.1.3. Bio-based
7.2.2. By Application
7.2.2.1. Transformer
7.2.2.2. Switchgear
7.2.2.3. Reactor
7.2.3. By End-use
7.2.3.1. Transmission and Distribution
7.2.3.2. Power Generation
7.2.3.3. Railways & Metros
7.2.3.4. Others
7.2.4. By Country
7.2.4.1. US
7.2.4.2. Canada
7.2.4.3. Mexico
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on North America Transformer Oil Market
8. Asia Pacific Transformer Oil Market Overview
8.1. Asia Pacific Transformer Oil Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Transformer Oil Market Share & Forecast, 2016-2027
8.2.1. By Type
8.2.1.1. Mineral
8.2.1.2. Silicone
8.2.1.3. Bio-based
8.2.2. By Application
8.2.2.1. Transformer
8.2.2.2. Switchgear
8.2.2.3. Reactor
8.2.3. By End-use
8.2.3.1. Transmission and Distribution
8.2.3.2. Power Generation
8.2.3.3. Railways & Metros
8.2.3.4. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Transformer Oil Market
9. South America Transformer Oil Market Overview
9.1. South America Transformer Oil Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Transformer Oil Market Share & Forecast, 2016-2027
9.2.1. By Type
9.2.1.1. Mineral
9.2.1.2. Silicone
9.2.1.3. Bio-based
9.2.2. By Application
9.2.2.1. Transformer
9.2.2.2. Switchgear
9.2.2.3. Reactor
9.2.3. By End-use
9.2.3.1. Transmission and Distribution
9.2.3.2. Power Generation
9.2.3.3. Railways & Metros
9.2.3.4. Others
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Transformer Oil Market
10. Middle East & Africa Transformer Oil Market Overview
10.1. Middle East & Africa Transformer Oil Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Transformer Oil Market Share & Forecast, 2016-2027
10.2.1. By Type
10.2.1.1. Mineral
10.2.1.2. Silicone
10.2.1.3. Bio-based
10.2.2. By Application
10.2.2.1. Transformer
10.2.2.2. Switchgear
10.2.2.3. Reactor
10.2.3. By End-use
10.2.3.1. Transmission and Distribution
10.2.3.2. Power Generation
10.2.3.3. Railways & Metros
10.2.3.4. Others
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Transformer Oil Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1.1. Nynas AB
11.7.1.2. Ergon International
11.7.1.3. Petrochina Company Limited
11.7.1.4. Apar Industries
11.7.1.5. Sinopec Lubricant
11.7.1.6. Calumet Speciality Products
11.7.1.7. Hydrodec Group
11.7.1.8. Cargill
11.7.1.9. Incorporated
11.7.1.10. ExxonMobil
11.7.1.11. Other players