openPR Logo
Press release

Transformer Oil Market Growth Forecast with Industry Key Participants Cargill, DOW Chemical, Clearco, APAR Industries, Calumet, Nynas, Valvoline, Hydrodec, Engen

10-08-2018 07:39 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Transformer Oil Market

Transformer Oil Market

Transformer oil market has been following an upward growth trajectory owing to the rising demand for installation of new power grids equipped with large transmission capacities. As per reliable estimates, power transformers apportioned over 55% of the global transformer oil market share in 2017 demonstrating that the power sector will be a significant contributor for the growth of industry in the forthcoming years.

This escalating demand puts emerging economies at the forefront as the leading consumers of transformer oil given that these nations have been focusing on building infrastructure to facilitate proper power supply to their rural and urban regions. This in turn has established Asian countries as among the largest consumers of transformer oils in the recent times.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2550

A succinct outline of the transformer oil industry trends with reference to the regional landscape:

China:

The China transformer oil market was valued at about $250 million in 2017 and is estimated to register a 5% y-o-y growth rate over 2018-2024. The nation’s enormous population and sustained economic growth has exerted a considerable amount of stress upon its existing electric infrastructure. The need for keeping their transformers up and running to ensure a steady and uninterrupted power supply would propel the regional transformer oil industry in the upcoming years.

Testament to the aforementioned aspects is the 5-year plan announced by the National Energy Administration of China in 2015. The plan apparently intends to invest over $302 billion in electricity grid transformation and construction which would increase the reach of transmission lines in high and medium voltage sectors.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2550

United States:

US contributed to more than $200 million toward the total remuneration portfolio of the industry in 2017. The nation’s Department of Energy announced a Grid Modernization initiative with $220 million investment in 2016 to upgrade their existing transformer grid infrastructure.

The country also faces rising energy demands and is renowned to be the world’s largest consumer of energy. To fuel these demands various other clean energy initiatives have been rolled out by the government and private sector in the country ensuring a sustained demand for electricity which would impel the U.S. transformer oil industry.

Other North American counterparts don’t lag much behind with Mexico’s clean energy auctions garnering global attention from investors including that of various Canadian power companies like Canadian Solar. who have increasingly begun investing in the continent’s clean energy sector.

United Kingdom:

The UK faces the same issues faced by other developed economies viz. difficulty in maintaining and upgrading their power infrastructure. According to reliable sources, the ageing electrical infrastructure in the UK is operating at its peak capacity and is often over exerted, yet it barely keeps up with the increased demand for electricity. According to Agora Energiewende, the electricity consumption in the continent increased by 0.7% in 2017, which also marked a consecutive increase for the third year. This rapid progression in electricity consumption would, in turn, open up numerous opportunities for the firms Europe transformer oil industry players.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/transformer-oil-market

Recent weather anomalies like heat waves, thunder storms and floods have further pushed the power infrastructure to the brink as energy consumption rates either rise or completely crash during events such as flooding with significant damages that require repair. This has consequentially established UK an ideal investment ground to fund the development and maintenance of electrical grid infrastructures – a factor that would boost the UK transformer oil industry in the years ahead. In fact, the UK transformer oil market is projected to record a CAGR of 6% over 2018-2024, as per a report compiled by Global Market Insights, Inc.

With a slew of electric infrastructure upgradation projects in pipeline, transformer oil market is poised to witness remarkable growth in the ensuing years. Holding a global consumption target of 2,000 million litres by 2024, the industry’s competitive landscape is replete with players like Cargill, Calumet, Nynas, APAR Industries, Hydrodec, DOW Chemical, Valvoline, Engen, Clearco, and Electrical Oil Services.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Transformer Oil Market Growth Forecast with Industry Key Participants Cargill, DOW Chemical, Clearco, APAR Industries, Calumet, Nynas, Valvoline, Hydrodec, Engen here

News-ID: 1285570 • Views: 349

More Releases from Global Market Insights, Inc.

Linear alpha olefins market size, share, trends, 2024, Key players are INEOS Oli …
The linear alpha olefins market report is a deep-dive collection of important deliverables. An inherent sub-vertical of the global chemical’s domain, the linear alpha olefins market has carved out quite a remunerative growth path in the recent years. The report enlists substantial details about this market with respect to its overall foothold in the chemical industry and how the product would find applications across major end-user sectors. Get sample copy of
N-hexyl alcohol market to hit USD 1.6 billion by 2024, key players are Sasol, Na …
Estimates claim that N-hexyl alcohol market valuation from food & beverage applications was worth USD 325 million in the year 2016 and is expected to register continuous growth during the estimated timeframe. Rising adoption of N-hexyl alcohol compounds as a flavoring agent for alcoholic beverages, fruits, and vegetables has bolstered product demand. Additionally, N-hexyl alcohol is utilized to develop additives for lubricants which are further used in food grain machine
Waterborne Coating Market: Global Industry Analysis, Growth, Trends and Forecast …
Global waterborne coating market is expected to expand at a considerable pace owing to high awareness of consumers towards the adoption of eco-friendly coatings. The product is considered a better choice for the environment and contains a less amount of solvent. Low toxicity due to less HAP emissions and VOC levels, alongside high water-content that helps in reducing air emissions, will augment the product demand over the forecast spell. Waterborne
Trend in automotive application to Asia Pacific expanded polyethylene foam marke …
Of late, expanded polyethylene foam has become a trendy petrochemical product in applications, ranging from automotive, construction, packaging, protective covers and sports goods. Eliminating cost of making expensive molds and offering tremendous cushion against vibrations, shocks and abrasion are some of the upsides that have encouraged emerging economies such as India, China, Vietnam and Malaysia to infuse funds in EPE for packaging goods, boost high thermal resistance and weight

All 5 Releases


More Releases for Transformer

Southeast Asia Transformer market :Global Demand Analysis & Opportunity Outlook …
Abstract: The Southeast Asia Transformer market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by the end of 2024 with a CAGR of XX% from 2019 to 2024. Request For Free Sample@ https://www.kennethresearch.com/sample-request-10071643 This report is an essential reference for who looks for detailed information on Southeast Asia Transformer market. The report covers data on Southeast Asia
Solid State Transformer Market
The global "Solid State Transformer Market Is Expected To Reach Around USD 495 Million Globally By 2024” report acts as a journal comprising every detailed information about the global Solid State Transformer Market, which basically includes a preface, market value, growth pattern, and much more relevant information. The report offers the complete structural outline and description of the Solid State Transformer Market. An estimation of the growth pattern is
A professional manufacturer of transformer
Leilang-Electric is located in Shanghai, China. We are specialized in manufacturing all kinds of transformers, voltage stabilizers, voltage regulators, reactors, etc. With more than 10 years experience, Leilang-Electric always adhere to the "TOP QUALITY" route. Our technology and quality have been in a leading position in transformer industry. We may not be able to offer the cheapest price, but we can promise the best quality and higher value to customers. Leilang-Electric products: Isolation transformers, three-phase
Transformer monitor and logger
Transformer monitoring made easy!!!! Miro-F Transformer monitor and logger is a precision power quality instrument, intended for permanent installation and specifically designed for comprehensive and reliable LV side transformer monitoring. • Measure three phase voltages, four currents and two temperatures (ambient and surface).' • Information includes V, I, P.F, THD, Sags,Swells, Interruptions and other power quality measurements. • Integrated WiFi and Cellular (3G/4G), provides platforms for TCP/IP, FTP, CiDR and DNP3 (SCADA). • Suited for
Transformer Cores Market by Application - Power Industry Transformer and Consume …
ReportsWeb.com has announced the addition of the “Global Transformer Cores Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Global Transformer Cores market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including ABB Siemens Alstom Toshiba Mitsubishi Electric Hitachi Hyosung Zaporozhtransformator PJSC Starkstrom-Ger-tebau GmbH Fuji Electric CG SPX Transformer Solutions TDK Corporation Efacec Capital Laird Fair-Rite Products Ferroxcube TBEA JSHP Transformer Wujiang Transformer China XD Group Tianwei Group Dachi Electric Liye
Audio Frequency Transformer Market 2017 Research & Development
Global Audio Frequency Transformer market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Mouser Pico RS Components Jensen Transformers Magnetic Components Pulse Electronics ... Request a sample copy at http://www.reportsweb.com/inquiry&RW0001827222/sample Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD) , market share and growth rate of Audio Frequency Transformer in these regions, from 2012 to 2022 (forecast) , covering United States EU China Japan South Korea Taiwan For more