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Transformer Oil Market to Reach $3.4 Billion, Globally, By Top Key Players: Nynas AB, Ergon, Inc., PetroChina Company Limited, Apar Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group Plc, Cargill Incorporate

02-12-2019 05:42 PM CET | Energy & Environment

Press release from: Allied Market Research

Transformer Oil Market

Transformer Oil Market

Transformer oil market sales to reach $3.4 billion by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020. In 2014, the consumption of transformer oils was 1,437.8 million litres across the globe, which is expected to increase at 6.3% from 2015 to 2020.

Mineral oil-based transformer oil dominates the market while bio-based is projected to be the fastest growing segment. Bio-based transformer oil has emerged as an alternative for crude oil-based transformer oil, owing to its biodegradability, high dielectric strength, and low toxic risk & less carbon foot prints. Silicone transformer oil is the second fastest growing segment caused by its increasing demand as a fire safe and eco-friendly alternative to traditional transformer oil.

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Transformer oil serves two important functions in a transformer i.e. suppression of arcing and dissipation of heat generated inside the transformers. Transformer oils are derived from the fractional distillation of crude oil. They are stable at very high temperature and show significant insulating properties. There are three types of transformer oil based on origin: mineral oil-based, silicone oil-based, and bio-based. The market for the transformer oils has witnessed a stable growth during past five years and this trend is expected to continue in the near future. Rising power consumption, increasing investment in the power sector and expansion of electrical grids in the developing regions are the major factors driving the growth of the transformer oils market worldwide. Rising production of transformers is a major factor driving the growth of the transformer oils market; however, increasing adoption of dry transformers and volatility in raw material prices further restrict the market growth.

Transformers oils are consumed across distribution, power, and other (instrumental & others) transformers. In 2014, power transformers consumed 668.9 million litres of transformer oil. These transformers are used in various industrial applications including nuclear power plants, hydel power stations, thermal power stations, and others. Rising industrialization and modernizations supplement the demand for power transformers, which in turn lead the consumption of transformer oil.

The transformer oil market has been segmented by type as mineral oil-based, silicone oil-based, and bio-based. Furthermore, the mineral oil-based segment is sub-segmented into naphthenic and paraffinic. In 2014, the consumption of paraffinic transformer oil was the highest owing to its easy availability. Paraffinic transformer oil is extensively used in transformer cooling applications due to its good oxidative stability and high-temperature viscosity characteristics.

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Asia-Pacific is expected to maintain its dominance through 2020, due to increasing demand for electricity in densely populated countries such as India and China, expansion of grid infrastructure and increasing investments in the power sector. China dominates the Asia-Pacific transformer oil market followed by India owing to the high demand for transformer oil in power transmission infrastructure. Russia and Germany are the largest consumers of transformer oil in the European market. Increasing consumption of electricity and development of new power plants are expected to provide stellar growth opportunities for the Russian transformer oil market. The Middle Eastern transformer oil market is projected to exhibit the highest CAGR during the analysis period, both in terms of volume and revenue. This is attributed to factors such as increase in power grids, heavy investment, and expansion of electricity network.

The prominent players profiled in this report, include Nynas AB, Ergon, Inc., PetroChina Company Limited, Apar Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group Plc, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited.

List of Figures

FIG. 1 GLOBAL TRANSFORMER OILS MARKET, BY GEOGRAPHY, VOLUME 2014-2020
FIG. 2 GLOBAL TRANSFORMER OIL MARKET, BY GEOGRAPHY, VOLUME (MILLION LITRES) 2014
FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO (2020 - 2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020 - 2025)
FIG. 3 TOP IMPACTING FACTORS, DIMINISHING GROWTH SCENARIO (2020 - 2025)
FIG. 4 TOP FACTORS IMPACTING GLOBAL TRANSFORMER OIL MARKET
FIG. 5 TOP INVESTMENT POCKETS
FIG. 6 TOP WINNING STRATEGIES IN THE TRANSFORMER OIL MARKET (2011-2015)
FIG. 7 RECENT DEVELOPMENTS OF TOP PLAYERS IN THE TRANSFORMER OIL MARKET (2011-2015))
FIG. 8 PORTERS FIVE ANALYSIS OF WORLD TRANSFORMER OIL MARKET
FIG. 9 VALUE CHAIN ANALYSIS OF TRANSFORMER OIL MARKET
FIG. 10 MARKET SHARE ANALYSIS-2014
FIG. 11 U.S. TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 12 U.S. TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 13 CANADA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 14 CANADA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 15 MEXICO TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 16 MEXICO TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 17 RUSSIA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 18 RUSSIA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 19 GERMANY TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 20 GERMANY TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 21 FRANCE TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 22 FRANCE TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 23 U.K. TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 24 U.K. TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 25 REST OF EUROPE TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 26 REST OF EUROPE TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 27 CHINA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 28 CHINA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 29 JAPAN TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 30 JAPAN TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 31 INDIA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 32 INDIA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 33 REST OF ASIA-PACIFIC TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 34 REST OF ASIA-PACIFIC TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 35 BRAZIL TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 36 BRAZIL TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 37 ARGENTINA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 38 ARGENTINA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 39 SAUDI ARABIA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 40 SAUDI ARABIA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 41 SOUTH AFRICA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 42 SOUTH AFRICA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 43 REST OF LAMEA TRANSFORMER OIL MARKET, BY VOLUME (MILLION LITRES), 2014-2020
FIG. 44 REST OF LAMEA TRANSFORMER OIL MARKET, BY VALUE ($MILLION), 2014-2020
FIG. 45 NYNAS AB REVENUE ANALYSIS, $MILLION (2012-2014)
FIG. 46 NYNAS AB NAPHTHENICS REVENUE ANALYSIS, BY PRODUCT SEGMENTS, 2014
FIG. 47 SWOT ANALYSIS OF NYNAS AB
FIG. 48 SWOT ANALYSIS OF ERGON, INC.
FIG. 49 PETROCHINA COMPANY LIMITED REVENUE ANALYSIS ($MILLION) (2011- 2014)
FIG. 50 SWOT ANALYSIS PETROCHINA COMPANY LIMITED
FIG. 51 APAR INDUSTRIES LIMITED, REVENUE ANALYSIS ($MILLION) (2012- 2014)
FIG. 52 SWOT ANALYSIS OF APAR INDUSTRIES LIMITED
FIG. 53 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P., REVENUE ANALYSIS ($MILLION) (2011-2014)
FIG. 54 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P., REVENUE ANALYSIS BY BUSINESS SEGMENT, 2014
FIG. 55 SWOT ANALYSIS OF CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
FIG. 56 SINOPEC CORPORATION, REVENUE ANALYSIS ($MILLION). (2011- 2014)
FIG. 57 SINOPEC CORPORATION, REVENUE ANALYSIS BY BUSINESS SEGMENTS, 2014
FIG. 58 SWOT ANALYSIS OF SINOPEC CORPORATION
FIG. 59 HYDRODEC GROUP PLC, REVENUE ANALYSIS ($MILLION) (2012-2014)
FIG. 60 HYDRODEC GROUP PLC, REVENUE ANALYSIS BY BUSINESS SEGMENT (2013)
FIG. 61 SWOT ANALYSIS OF HYDRODEC GROUP PLC
FIG. 62 CARGILL INCORPORATED, REVENUE ANALYSIS ($MILLION), (2012-2014)
FIG. 63 SWOT ANALYSIS OF CARGILL INCORPORATED
FIG. 64 ENGEN PETROLEUM LIMITED REVENUE, ANALYSIS ($MILLION), (2011-2013)
FIG. 65 SWOT ANALYSIS OF ENGEN PETROLEUM LIMITED
FIG. 66 SWOT ANALYSIS OF VALVOLINE
FIG. 67 SWOT ANALYSIS OF SAN JOAQUIN REFINING CO., INC.
FIG. 68 SWOT ANALYSIS OF GANDHAR OIL REFINRY INDIA LIMITED

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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