Transformer Oil Treatment Plants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Transformer Oil Treatment Plants: Introduction
• Transformer oil is primarily used as liquid insulation. It dissipates transformer heat. More specifically, transformer oil is used as a coolant in transformers and as a means of arc suppression in circuit breakers.
• There are two common types of insulating oils: mineral oil and paraffinic oil. Transformer oil is either changed or treated. Oil treatment includes purification, recycling or restoration, and other operations.
• Proper treatment and upgrade of insulating fluid results in low maintenance and lesser breakdown of transformers
Key Drivers, Major Developments, and Restraints of Transformer Oil Treatment Plants
• Increase in demand for energy and rise in number of smart grid distribution systems are expected to drive the demand for transformer oil. This is likely to fuel the transformer oil treatment plants market. Global demand for energy rose by 2.1% in 2017, twice the previous (2016) year’s rate.
• The transformer oil treatment plants market is also driven by factors such as rise in investments in renewable energy, such as wind energy, due to favorable government initiatives and policies. Policy interventions such as Nationally Determined Contributions (NDCs) and Sustainable Development Goals (SDGs) by several countries are driving the demand for renewable energy. This is boosting the transformer oil treatment plants market.
• In November 2018, the HCS Group, a leading international supplier of solutions for high-value hydrocarbon specialties, announced the acquisition of Trafolube GmbH. The company specializes in recycling of transformer and turbine oils using ecologically sound processes at its production site in Duisburg, Germany.
• Low awareness about benefits of transformer oil treatment plants in developing countries is anticipated to hamper the transformer oil treatment plants market

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COVID-19 Impact Analysis on Power Demand
• Governments of several countries across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to goods and services, have come to a halt because of lockdowns. This has adversely affected the demand for electricity for commercial & industrial purposes. Transformer is a vital part of the electricity grid; therefore, temporary closure of grid operations has led to lack of maintenance. This is hampering the transformer oil treatment plants market.
Transformer Oil Treatment Plants Market Segmentation
• The global transformer oil treatment plants market can be segmented based on transformer oil filtration system, treatment method, and end-use
• In terms of transformer oil filtration system, the global transformer oil treatment plants market can be segregated into single stage and two stage
• In terms of treatment method, the global transformer oil treatment plants market can be divided into filtering, purification (with drying processes), and regeneration (reclamation)
• In terms of end-use, the global transformer oil treatment plants market can be classified into utility, power, and others

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Transformer Oil Treatment Plants Market: Regional Segmentation
• In terms of region, the global transformer oil treatment plants market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
• The transformer oil treatment plants market in North America is expected to expand significantly during the forecast period. The region is upgrading and expanding grid installations. Additionally, significant investments in renewable resources, such as wind farms and hydroelectric power, are driving the transformer oil treatment plants market in the region. Currently, the U.S. has more than 55,000 substations and over 450,000 miles of high-voltage transmission lines installed.

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• Increase in demand for energy following urbanization, economic modernization, and better standard of living in Asia Pacific has resulted in the growth of sustainable power systems. This, in turn, has boosted the demand for transformer oil, thus driving the transformer oil treatment plants market in the region. China, Japan, and India are the leading countries in the region that are witnessing rapid transformation with significant developments in infrastructure and grid expansion.

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Key Players Operating in Global Market:
• ABB Ltd
• AVT Services
• Alfa Laval
• Ekofluid
• Enervac International ULC
• CbS Technologies Pvt. Ltd
• KONDIC d.o.o.
• Chongqing HOPU Filtration Plant Manufacture Co.,ltd
• Hering-VPT GmbH
• GlobeCore GmbH
• AR Engineering
Global Transformer Oil Treatment Plants Market: Research Scope
Global Transformer Oil Treatment Plants Market, by Transformer Oil Filtration System
• Single Stage
• Two Stage
Global Transformer Oil Treatment Plants Market, by Treatment Method
• Filtering
• Purification (with Drying Processes)
• Regeneration (Reclamation)
Global Transformer Oil Treatment Plants Market, by End-use
• Utility
• Power
• Others
Global Transformer Oil Treatment Plants Market, by Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa

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