Global Transformer Oil Market Size, Share, Forecast Report 2025

The global transformer oil market is expected to witness a CAGR of 6.9% to reach USD 4.02 billion by 2025. Increase in power consumption is expected to drive the market growth over the forecast period. Moreover, increasing demand from emerging economies is anticipated to foster the demand for transformer oil in the coming years.

Transformer oil is used in oil-filled transformers, switches, high-voltage capacitors, circuit breaker, among other applications. It retains stability at high temperatures and is therefore utilized as an insulator and heat dissipater. Insulating property of the transformer oil is used to protect the core and winding of the transformer. In recent years, urbanization of rural areas in developing countries has led to growth of this market and is expected to propel the market over the forecast years.

The years used for the assessment are as follows;

  • Historical year: 2015, 2016, and 2017
  • Base year: 2018
  • Forecast period: 2019 – 2025

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total transformer oil market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the transformer oil market
  • Finalizing the overall size and share for the global transformer oil market

OBJECTIVES:

  • To classify the global transformer oil market into segments by agent type, application, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the transformer oil market.
  • Profiling key companies operating in the global transformer oil market.
  • To study market response with respect to the mergers and acquisitions in the industry.

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Type

1.2.2. Market Breakdown, By Application

1.2.3. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities and Trends

   2.2.2.1. Electrification of rural areas in APAC countries

2.2.3. Growth Drivers

   2.2.3.1. Increase in power consumption

   2.2.3.2. Increasing demand from emerging economies

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

    2.2.5.1. Volatile nature of raw material prices

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. Value Chain Analysis

3.2. Competitive Analysis

3.2.1. Company Market Share Analysis

3.2.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Transformer Oil Market Size and Forecast (2019 – 2025)

4.1. Global Transformer Oil Market, By Type

4.1.1. Bio-Based

4.1.2. Silicon-Based

 4.1.3. Mineral-Based

    4.1.3.1. Naphthenic

   4.1.3.2. Paraffinic

4.1.4. Others

4.2. Global Transformer Oil Market, By Application

4.2.1. Distribution Transformer

4.2.2. Power Transformer

4.2.3. Instrument Transformer

4.2.4. Others

CHAPTER 5. Global Transformer Oil Market, By Region

5.1. North America Transformer Oil Market (USD Million)

5.1.1. North America Transformer Oil Market, By Type (USD Million)

5.1.2. North America Transformer Oil Market, By Application (USD Million)

5.1.3. North America Transformer Oil Market, By Country

  5.1.3.1. U.S. Transformer Oil Market (USD Million)

  5.1.3.2. Canada Transformer Oil Market (USD Million)

  5.1.3.3. Mexico Transformer Oil Market (USD Million)

5.2. Europe Transformer Oil Market (USD Million)

5.2.1. Europe Transformer Oil Market, By Type (USD Million)

5.2.2. Europe Transformer Oil Market, By Application (USD Million)

5.2.3. Europe Transformer Oil Market, By Country

  5.2.3.1. U.K Transformer Oil Market (USD Million)

  5.2.3.2. Germany Transformer Oil Market (USD Million)

  5.2.3.3. Italy Transformer Oil Market (USD Million)

  5.2.3.4. Russia Transformer Oil Market (USD Million)

  5.2.3.5. Rest of Europe Transformer Oil Market (USD Million)

5.3. Asia-Pacific Transformer Oil Market (USD Million)

5.3.1. Asia-Pacific Transformer Oil Market, By Type (USD Million)

5.3.2. Asia-Pacific Transformer Oil Market, By Application (USD Million)

5.3.3. Asia-Pacific Transformer Oil Market, By Country

  5.3.3.1. China Transformer Oil Market (USD Million)

  5.3.3.2. Japan Transformer Oil Market (USD Million)

  5.3.3.3. India Transformer Oil Market (USD Million)

  5.3.3.4. South Korea Transformer Oil Market (USD Million)

  5.3.3.5. Rest of Asia-Pacific Transformer Oil Market (USD Million)

5.4. Central & South America Transformer Oil Market (USD Million)

5.4.1. Central & South America Transformer Oil Market, By Type (USD Million)

5.4.2. Central & South America Transformer Oil Market, By Application (USD Million)

5.4.3. Central & South America Transformer Oil Market, By Country

  5.4.3.1. Brazil Transformer Oil Market (USD Million)

  5.4.3.2. Rest of Central & South America Transformer Oil Market (USD Million)

5.5. Middle East & Africa Transformer Oil Market (USD Million)

5.5.1. Middle East & Africa Transformer Oil Market, By Type (USD Million)

5.5.2. Middle East & Africa Transformer Oil Market, By Application (USD Million)

5.5.3. Middle East & Africa Transformer Oil Market, By Country

  5.5.3.1. UAE Transformer Oil Market (USD Million)

  5.5.3.2. Saudi Arabia Transformer Oil Market (USD Million)

  5.5.3.3. Qatar Transformer Oil Market (USD Million)

  5.5.3.4. Rest of Middle East & Africa Transformer Oil Market (USD Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Cargill

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Clearco Products

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. Castrol

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. The Dow Chemical Company

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Calumet Specialty Products Partners L.P.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. Electrical Oil Services Limited

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Ergon International

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. Exxon Mobil

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Engen Petroleum Limited

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Apar Industries Limited

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

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