Skip to main content

Transformer Oil Market Segmentation and Major key Players Analysis 2025

Rural electrification in emerging economies and expanding manufacturing sites have driven energy needs and boosted transformers growth, subsequently contributing to oils demand in recent years.

The Global Transformer Oil Market is expected to reach USD 4.05 billion by 2025, according to a new report by Grand View Research, Inc.


These products possess excellent insulative and electrical properties, oxidative stability and controlled low or negative gassing tendency. Crude oil is the major raw material, leading to price volatility owing to supply fluctuation in the global market. Political instability and crashing crude prices have driven industry growth in recent years, as consumers are opting for bulk volume purchases.

Technological advancements and increasing R&D initiatives by prominent industry players have also contributed to market expansion in recent years. Cargill is one such innovator, which was even awarded the Presidential Green Chemistry Challenge Award by the U.S. Environmental Protection Agency (EPA) for the development of Envirotemp FR3 transformer oils from natural esters.

To Know More About Transformer Oil Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/transformer-oil-market

Mineral-based products dominated the market in 2016, accounting for over 82% of the volume share. The highest contribution was observed from the paraffinic base sub-segment. These products are available on a global scale and are compatible with most electrical equipment. However, bio-based products are expected to grow at a rapid pace owing to increasing awareness regarding sustainability and recyclability.

Top Players of Transformer Oil Market:

Major players include BASF SE, Dairen Chemical Corporation, Nynas AB, Ergon Inc., Valvoline, PetroChina Company Ltd, Sinopec Corporation and Cargill Inc.

Market Segmentation of Transformer Oil Market:

The Global Transformer Oil Market segmented on the basis of Product, Application, and Region.

By Product:

    Mineral-based Oils
        Naphthenic Base Oils
        Paraffinic Base Oils
    Silicone-based oils
    Bio-based oils

By Application:

    Small-scale Transformers
    Large-scale Transformers
    Utility Transformer Oils

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Transformer Oil Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4362
Labels:

Comments

Post a Comment

Popular posts from this blog

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...
Post a Comment
Read more

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...
Post a Comment
Read more