Transformer Oil Market: Current Analysis and Forecast (2021-2027)
About the Report
About the Report
Transformer oil, also known as insulating oil, is the oil used in transformers which has excellent insulating properties. The primary function of transformer oil is to cool and insulate a transformer. Transformer oil have high dielectric strength and are stable at high temperatures. It is used in switchgears and circuit breakers and also in distribution and power transformers. The factors that are driving the market demand for transformer oil is mainly owing to surging power consumption, increasing expansion of electric grid in developing countries coupled with implementation of regulatory reforms for the development of a reliable grid network along with increasing investments in power sector further contribute to the growth of the transformer oil market. However, factors such as volatility in crude oil prices and increasing adoption of dry transformers are expected to hamper the market growth.
Based on Oil Type, the market is segmented into mineral based, silicon and bio-based. Currently, mineral based oil segment expected to captured considerable market share. It is mainly owing to a its low cost index and easy availability compared to other transformer oils.
Based on Application, the market is classified into transformer, reactor and switchgear. Currently, transformer holds considerable demand and expected to grow at an influential rate in the projected period. It is mainly owing to the to rising power demands upgrade and expansion of electric grids has escalated the installation of transformers, which is expected to eventually propel the growth of the transformer segment.
Based on End-Users, the market is segmented transmission and distribution, railways and metros, power generation and others. Transmission and distribution holds significant share in the transformer oil market and expected to have influential growth rate in the forecasted period as well. As growing demand for power would necessitate the expansion of the transmission & distribution network, thereby enhancing the demand for electrical components, such as transformers, reactors, and switchgears, leading to an increase in the demand for transformer oil.
For a better understanding of the market adoption of transformer oil , the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and expected to have an influential growth rate in the projected years predominantly due to growth of industrial and commercial sectors, will lead to an increase in the number of substations which in turn would generate the demand for transformer oil.
Some of the major players operating in the market include Apar Industries Limited, Cargill, Incorporated, China Petroleum & Chemical Corporation, Engen Limited, Ergon, Inc., Gandhar Oil Refinery (India) Limited, Hydrodec Group plc, Nynas AB, San Joaquin Refining Co. Inc., Valvoline Inc.
Apar Industries Limited, Cargill Incorporated, China Petroleum & Chemical Corporation, Engen Limited, Ergon Inc., Gandhar Oil Refinery (India) Limited, Hydrodec Group plc, Nynas AB, San Joaquin Refining Co. Inc., Valvoline Inc.
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.3. Stake Holders
1.4. Currency Used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global TRANSFORMER OIL Market
2.1.1. Main Objective of the Global TRANSFORMER OIL Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL TRANSFORMER OIL MARKET AMID COVID-19
6 GLOBAL TRANSFORMER OIL MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY Oil Type
7.1. Mineral Based Oil
8 MARKET INSIGHTS BY Application
8.1.1. Power transformer
8.1.2. Distribution transformer
9 MARKET INSIGHTS BY End-User
9.1. Transmission and Distribution
9.2. Railways & Metros
9.3. Power Generation
10 MARKET INSIGHTS BY REGION
10.1. North America TRANSFORMER OIL Market
10.1.1. United States
10.1.3. Rest of North America
10.2. Europe TRANSFORMER OIL Market
10.2.2. United Kingdom
10.2.5. Rest of Europe
10.3. Asia Pacific TRANSFORMER OIL Market
10.3.5. Rest of Asia-Pacific
10.4. Rest of the World TRANSFORMER OIL Market
11 TRANSFORMER OIL MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 TRANSFORMER OIL MARKET OPPORTUNITIES
13 TRANSFORMER OIL MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2. Top Business Partnerships
15.2.3. Top Business Expansions, Investments and Divestitures
15.2.4. Top Merger and Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1. Porter's Five Forces Analysis
17.1.1. Bargaining power of Supplier
17.1.2. Bargaining power of Buyer
17.1.3. Industry Rivalry
17.1.4. Availability of Substitute
17.1.5. Threat of new Entrants
17.2. Competitive Landscape
17.2.1. Company Shares, By Revenue
18 COMPANY PROFILED
18.1. Apar Industries Limited
18.2. Cargill, Incorporated
18.3. China Petroleum & Chemical Corporation
18.4. Engen Limited
18.5. Ergon, Inc.
18.6. Gandhar Oil Refinery (India) Limited
18.7. Hydrodec Group plc
18.8. Nynas AB
18.9. San Joaquin Refining Co. Inc.
18.10. Valvoline Inc
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