Energy & Environment Industry Today
Global Transformer Oil Market is Expected to Reach $3.68 billion by 2023
Market Research Report on Global Transformer Oil Market
Published 12 April 2018
Report Sellers has added a new market research report “Transformer Oil - Global Market Outlook (2017-23)” to its offerings.
According to Report, Global Transformer Oil Market is accounted for $2.12 billion in 2016 and expected to grow at a CAGR of 8.2% to reach $3.68 billion by 2023. Factors such as modernization of existing transformers, renewable power generation capacity expansion, new investments in the power sector in south Asia & Africa, and growing demand from original equipment manufacturers (OEMs) are driving the market growth. However, corrosive nature of sulphur present in transformer oil, deterioration of transformer oil due to moisture ingress and increasing demand for dry type transformers are the constraints faced by the market. Further, volatility in crude oil prices presents a challenge to the market. Increasing demand of bio-based transformer oil and corrosion free transformer oil will provide ample opportunity for the market to grow.
Mineral oil based segment is anticipated to show attractive growth due to easy availability & also due to its good oxidative stability and high-temperature viscosity characteristics. However, the bio-based oil is expected to grow lucratively due to environmental benefits. Asia Pacific is the largest market due to the presence of emerging markets India and China which are attributed to focus on rural and urban development in infrastructure. There is a growing demand for transformer oil in North America and Europe.
Some of the key players in Global Transformer Oil Market are Mitsubishi Heavy Industries, Ltd., ABB Ltd., Aevitas., Alstom Inc., Apar industries limited., Asia Electrical Power Equipment (Shenzhen) Co.,Royal Dutch Shell Plc, Clean Oil Services Pty Ltd., Cargill Incorporated, Dow Corning, Gulf Oil Middle East Limited., Interpower International Ltd., Electrical Oil Services Ltd., ERFA Industries Group, Exxonmobil Corporation and Eaton Corporation Plc.
Browse through the complete description and in-depth TOC on “Global Transformer Oil Market”
https://www.reportsellers.com/market-research-report/Transformer-Oil---Global-Market-Outlook-2017-2023
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Report Scope
Global Transformer Oil Market has been segmented by applications covered, types covered and regions covered
Applications Covered:
Power Transformers
Distribution Transformers
Instrument & Other Transformer
Types Covered:
Silicone-Based
Bio-Based Oil
Mineral Oil-Based
o Naphthenic Mineral Oil-Based
o Paraffinic Mineral Oil-Based
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Request sample here https://www.reportsellers.com/market-research-report/Transformer-Oil---Global-Market-Outlook-2017-2023
We have a large number of reports in Energy & Natural Resources Industry which can be accessed in the following link: https://www.reportsellers.com/category/energy-natural-resources-market-research-report
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.
For more information, contact
Report Sellers
Email: sales@reportsellers.com
Direct: +1-214-396-2385
According to Report, Global Transformer Oil Market is accounted for $2.12 billion in 2016 and expected to grow at a CAGR of 8.2% to reach $3.68 billion by 2023. Factors such as modernization of existing transformers, renewable power generation capacity expansion, new investments in the power sector in south Asia & Africa, and growing demand from original equipment manufacturers (OEMs) are driving the market growth. However, corrosive nature of sulphur present in transformer oil, deterioration of transformer oil due to moisture ingress and increasing demand for dry type transformers are the constraints faced by the market. Further, volatility in crude oil prices presents a challenge to the market. Increasing demand of bio-based transformer oil and corrosion free transformer oil will provide ample opportunity for the market to grow.
Mineral oil based segment is anticipated to show attractive growth due to easy availability & also due to its good oxidative stability and high-temperature viscosity characteristics. However, the bio-based oil is expected to grow lucratively due to environmental benefits. Asia Pacific is the largest market due to the presence of emerging markets India and China which are attributed to focus on rural and urban development in infrastructure. There is a growing demand for transformer oil in North America and Europe.
Some of the key players in Global Transformer Oil Market are Mitsubishi Heavy Industries, Ltd., ABB Ltd., Aevitas., Alstom Inc., Apar industries limited., Asia Electrical Power Equipment (Shenzhen) Co.,Royal Dutch Shell Plc, Clean Oil Services Pty Ltd., Cargill Incorporated, Dow Corning, Gulf Oil Middle East Limited., Interpower International Ltd., Electrical Oil Services Ltd., ERFA Industries Group, Exxonmobil Corporation and Eaton Corporation Plc.
Browse through the complete description and in-depth TOC on “Global Transformer Oil Market”
https://www.reportsellers.com/market-research-report/Transformer-Oil---Global-Market-Outlook-2017-2023
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Report Scope
Global Transformer Oil Market has been segmented by applications covered, types covered and regions covered
Applications Covered:
Power Transformers
Distribution Transformers
Instrument & Other Transformer
Types Covered:
Silicone-Based
Bio-Based Oil
Mineral Oil-Based
o Naphthenic Mineral Oil-Based
o Paraffinic Mineral Oil-Based
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Request sample here https://www.reportsellers.com/market-research-report/Transformer-Oil---Global-Market-Outlook-2017-2023
We have a large number of reports in Energy & Natural Resources Industry which can be accessed in the following link: https://www.reportsellers.com/category/energy-natural-resources-market-research-report
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.
For more information, contact
Report Sellers
Email: sales@reportsellers.com
Direct: +1-214-396-2385
Share on Social Media
Other Industry News
Ready to start publishing
Sign Up today!