Market Research Engine has published a new report titled as “Global Transformer Oil Market Size By Type (Napthenic Oil, Paraffinic Oil, Silicone-Based, Bio-Based), By Function (Insulator, Cooling Agent, Lubricant, Chemical Stabilizer), By End-Use (Small Transformers, Large Transformers, Utility), By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.”
The Transformer Oil Market is expected to be around US$ 3.41 Billion by 2027 at a CAGR of 7.31% in the given forecast period.
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Transformer Oil is insulation oil that is constant at a high temperatures and superlative insulator for electricity. This transformer oil is majorly derivatives of mineral oils, but supernumerary composition with chemical properties and better physical are rising in demand. Rapid urbanization and industrialization in developing countries and the resultant demand for distribution, power generation, and transmission in developing countries has led to the extensive spread use and installation of power and distribution transformers. These oils are used for insulating contributing to cooling systems, power equipment, and dissipating heat. These products possess outstanding insulative and electrical properties, oxidative constancy and controlled low or negative gassing tendency. Crude oil is the major raw material, leading to value volatility owing to supply fluctuation in the global market. Transformer oils are electrical insulating oils constant at high temperature, which helps two important functions in a transformer, viz., suppression of arcing and dissipation of heat generated in the transformer. The capability of transformer oil to fulfil these functions are chiefly responsible for its acceptance, and thus drives the market development. High growth in the power generation sector to meet rising electricity requirements has driven the market development.
The global Transformer Oil market is segregated on the basis of Type as Napthenic Oil, Paraffinic Oil, Silicone-Based, Bio-Based, and Others. Based on Function the global Transformer Oil market is segmented in Insulator, Cooling Agent, Lubricant, and Chemical Stabilizer. Based on End-Use the global Transformer Oil market is segmented in Small Transformers, Large Transformers, Utility, and Others.
Based on Application, the global Transformer Oil market is segmented in Residential, Commercial, and Industrial.
The global Transformer Oil market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Global Transformer Oil market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
The global Transformer Oil market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Transformer Oil market share. Major industry players with significant revenue share include Nynas AB, Ergon Inc., Petrochina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group PLC, and others.
Nynas AB, Ergon Inc., Petrochina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group PLC, and others are among the major players in the global Transformer Oil market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Transformer Oil Market has been segmented as below:
Global Transformer Oil Market, By Type
- Napthenic Oil
- Paraffinic Oil
Global Transformer Oil Market, By Function
- Cooling Agent
- Chemical Stabilizer
Global Transformer Oil Market, By End-Use
- Small Transformers
- Large Transformers
Global Transformer Oil Market, By Application
Global Transformer Oil Market, By Region
- North America
- Rest of the World
Global Transformer Oil Market, By Company
- Nynas AB
- Ergon Inc
- Petrochina Company Limited
- APAR Industries Limited
- Calumet Specialty Products Partners
- Sinopec Corporation
- Hydrodec Group PLC
The report covers:
- Global Transformer Oil market sizes from 2021 to 2027, along with CAGR for 2021-2026
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Transformer Oil market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Transformer Oil market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Reasons to Buy this Report:
- Gain detailed insights on the Global Transformer Oil industry trends
- Find complete analysis on the market status
- Identify the Global Transformer Oil market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customized report as per the requirement can be offered with appropriate recommendations
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Table of Contents:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Global Transformer Oil Market, By Type
6. Global Transformer Oil Market, By Function
7. Global Transformer Oil Market, By End-Use
8. Global Transformer Oil Market, By Application
9. Competitive Landscape
10. Company Profiles
10.1 Nynas AB
10.2 Ergon Inc.
10.3 Petrochina Company Limited
10.4 APAR Industries Limited
10.5 Calumet Specialty Products Partners
10.7 Sinopec Corporation
10.8 Hydrodec Group PLC
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