Press release
THE GLOBAL TRANSFORMER OIL MARKET IS EXPECTED TO REACH USD 3.45 BILLION BY 2027 - ARIZTON
Industrialization drives economic growth in emerging economies. Emerging economies contribute almost 60% to the annual global growth as industrial development in China and India is high. In 2021, around 37 emerging countries accounted for 80% of the global population and approximately 70% of the world's gross domestic product (GDP) growth generated through emerging economies, according to the International Monetary Fund (IMF). Emerging economies, especially India, China, and Brazil, represent profitable opportunities for the electricity industry due to their large populations. Oil & gas, agriculture, automotive, and pharmaceutical industries are major demand generators in emerging economies. Therefore, the electrical grid is expanding in emerging economies to cater to the increasing electricity demand due to industrial development. This expansion in the electrical grid is projected to increase the use of various types of transformers for the transmission & distribution of electricity. Hence the demand for the transformer oil market is expected to grow significantly.Key Vendors
Chevron Corporation
Company Overview
Financial Overview
Product Offerings
Key Strategies
Key Strengths
Key Opportunities
Dow
ExxonMobil
Shell PLC
TotalEnergies
Other Prominent Vendors
APAR Industries
Bharat Petroleum Corporation Limited
Calumet Specialty Products Partners, L.P.
Cargill Incorporated
Castrol Limited
Engen Petroleum Limited
Ergon Inc.
Gandhar Oil
Gulf Oil India Lubricants Limited
Hydrodec Group PLC
Indian Oil Corporation Limited
Nynas AB
Petro Canada Lubricants
PetroChina
Philips 66
Repsol
Sinopec
Valvoline Inc.
Segmentation by Oil Type
Mineral Oil
Silicone Oil
Bio-based Oil
Segmentation by End User
Transmission & Distribution
Power Generation
Railways & Metros
Others
Segmentation by Geography
APAC
China
India
Japan
Indonesia
South Korea
Rest of APAC
North America
U.S.
Canada
Europe
Germany
Russia
Italy
UK
France
Spain
Rest of Europe
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
Iran
Saudi Arabia
South Africa
Rest of MEA
Know more: https://www.arizton.com/market-reports/transformer-oil-market
ABOUT ARIZTON:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Call: +1-312-235-2040
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