Transformer Oils Market: Prominent Regional Markets | Highest Consuming Application Segment | Biggest Market for Transformer Oils & future Growth forecast to 2025

Transformer Oil Market by Type (Mineral- Naphthenic and Paraffinic), by Application (Small transformers, Large Transformers, Utility & Others), & Region (Asia-Pacific, North America, Europe, ROW) - Global Trends & Forecasts to 2025

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.

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Global transformer oil market growth is driven by the increasing electric demand in developing economies such as India, Brazil, and South Africa, which are expected to enhance their grid infrastructure to increase the electricity accessibility to the region’s population. In addition, rapidly increasing demands from various application industries and regions are generating several exciting markets opportunities for transformer oil.
The report has been segmented on the basis of application, type, and region as follows:-

On the basis of type: The report considers different types of transformer oil such as the emerging bio-based transformer oil, silicone-based transformer oil, and major type mineral based transformer oil including both naphthenic based and paraffinic based transformer oil.
On the basis of application: Under this segmentation, the report considers various applications such as small transformers, large transformers, utility and others.

On the basis of region: The regions analyzed in the report include Asia-Pacific, North America, Europe, and the Rest of the world. Developing regions such as Asia-Pacific and South America find a lucrative market for transformer oil manufacturers.

Technological upgrade of the old grid infrastructure, new smart grid installations and replacement of ageing transformers mainly in North America and Europe are the major drivers behind the growth of transformer oil market.

The report also includes an analysis of the value chain, Porters’ five forces analysis, the competitive landscape, and company profiles of 10 key players of 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.

Applications Covered:
• Power Transformers
• Distribution Transformers
• Instrument & Other Transformer
Types Covered:
• Silicone-Based
• Bio-Based Oil
• Mineral Oil-Based
• Naphthenic Mineral Oil-Based
• Paraffinic Mineral Oil-Based

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market share assessments for the regional and country level segments
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Small transformers: Major application segment for transformer oils

Small transformers (below 5 MVA) are distribution transformers, which form an important part of a power generation and distribution system are the largest consumers of transformer oil. Increased capacity additions including distributed energy projects are set to drive this market.
The report covers global transformer oil market in terms of consumption (thousand liters) and revenue ($million) across regions such as Asia-Pacific, Europe, North America, and ROW. It explains qualitative and quantitative aspects of transformer oil types such as mineral oil – naphthenic & paraffinic, silicone, and bio-based transformer oils. The report also explains the transformer oil market by geography and types, and consumption trends from 2013 to 2020. However, the scope of the report is limited to analysis, estimations, and forecast about transformer oil market based on their types, geography, and applications.

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The transformer oil market has exhibited steady growth over the last few years because of its increasing application in small transformers, large transformers, and utilities in emerging economies such as China and India. National utility companies across the world continue to invest in their power grids in order to meet the increasing demand of end-users giving scope for transformer oil market.
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Small transformer is the largest application segment of the transformer oil market. With national governments ramping up power generation capabilities, the demand for transformer oil is expected to increase. The increasing demand from OEMs, coupled with expansion of electric grids in BRICS nations is expected to drive the global transformer oil market.

Mineral-based transformer oil is the most widely used transformer oil having occupied the largest market share in 2014. However, the demand of bio-based transformer oil is expected to increase in the near future due to environmental benefits and superior operational advantages.

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This release was published on openPR.