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What's Driving the Transformer Oil Market Growth? Apar Industries, Cargill, Castrol, Clearco Products, Engen Petroleum Limited, Ergon International, Exxon Mobil

05-12-2020 08:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

/ PR Agency: DecResearch.com
DEC Research has introduced a detailed analysis of the Transformer Oil Market that provides valuable business insights including revenue share, market size, market valuation, and regional spectrum of this vertical. The Transformer Oil Market report is an all-inclusive study of the current market trends, potential drivers & challenges, application landscape, competition situation, and industry-popular growth strategies, which will empower stakeholders to obtain a clear understanding of this domain.

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

Silicon based transformer oil market will witness growth of over 6.5% by 2024. Self-extinguishing nature, high flash & fire point, non-hazardous nature and low heat releasing properties are some of the key features that will escalate the product demand across the industry. However, growing adoption of bio-based oil is expected to offer competitive edge to silicon-based oils.

Growth Drives of Transformer Oil Market:
o Apar Industries
o Calumet Specialty Product Partners
o Cargill
o Castrol
o Clearco Products
o DOW Chemical Company
o Electrical Oil Services Limited
o Engen Petroleum Limited
o Ergon International
o Exxon Mobil
o Gandhar Oil Refinery India
o Hydrodec Group
o Novvi LLC
o Nynas AB

Transformer oil market in UK is anticipated to reach over 6% by 2024. Increasing demand for the replacement of existing grid networks along with the development of renewable energy infrastructure will strengthen the business outlook. Development of inter region transmission and distribution networks coupled with government supported electrification programs will further enhance the industry landscape.

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

Increasing demand for power has resulted in the widespread installation of new transformer units which in turn will drive the transformer oil market. Rising investments toward rural electrification along with considerable funding from nonprofit organizations will further propel the industry outlook. For instance, the electrical grid infrastructure in Southeast Asia attracted an investment worth USD 6.5 million from the Asian Development Bank in 2017.

Power transformers accounted for over 55% of the global transformer oil market share in 2017. Stringent regulatory measures for the development of energy efficient grids coupled with expansion of power networks in developing nations will strengthen the product demand. Extensive use of power transformers at the receiving and finishing end of high voltage transmission lines will further stimulate the industry landscape.

Table of content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Transformer Oil market 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends

Read More About Transformer Oil Market: https://www.globenewswire.com/news-release/2018/07/05/1533538/0/en/Transformer-Oil-Market-worth-over-3-billion-by-2024-Global-Market-Insights-Inc.html

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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