Press release
2017-2021 Turbine Oil Market Demand and Global Usage
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Description-
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Turbine oil lubricants are used in the power generation, manufacturing, and mobility industries to address the specific needs of turbine machineries. These lubricants are formulated and are specifically made for power generation turbines. Steam, gas, and hydropower power generation turbines use lubricant oils known as R&O (rust and oxidation inhibited oils). Turbine equipment characteristics such as operating cycles, geometry, operating temperatures, maintenance practices, and the potential for system contamination present specific lubricating oil demands. Turbine oils are formulated in such a way that they shed water and allow solid waste particles to settle so that they can be removed later. Most turbine oils are formulated with high levels of detergents or dispersants that can clean and carry away all the contaminants. As turbine oils are not exposed to any soot or fuel, they do not have to be replaced and drained at frequent levels.
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– Technavios analysts forecast the global turbine oil market to grow at a CAGR of 3.498% during the period 2017-2021.
– Covered in this report
The report covers the present scenario and the growth prospects of the global turbine oil market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of turbine oil.
– The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Turbine Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Castrol
Chevron
ExxonMobil
Royal Dutch Shell
Valvoline
– Other prominent vendors
Bharat Petroleum
ConocoPhillips
Eastern Petroleum
FUCHS
Gazpromneft - Lubricants
Indian Oil Corporation
LUKOIL Lubricants
Petrelplus
– Market driver
Rising awareness toward reduction of carbon emissions
For a full, detailed list, view our report
– Market challenge
Political uncertainty over UKs exit from EU
For a full, detailed list, view our report
– Market trend
Positive effect of low crude oil prices
For a full, detailed list, view our report
– Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Key market highlights
Lubricant market overview
Turbine oil lubricants
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Global turbine oil market by product type
Global turbine oil market by mineral oil-based lubricants
Global turbine oil market by synthetic oil-based lubricants
PART 07: Geographical segmentation
Global turbine oil market by geography
Turbine oil market in APAC
Turbine oil market in EMEA
Turbine oil market in the Americas
PART 08: Decision framework
PART 09: Drivers and challenges
Market drivers
Impact of drivers on key customer segments
Market challenges
Impact of challenges on key customer segments
PART 10: Market trends
Development of biolubricants
Positive effect of low crude oil prices
Growth of CCPP
PART 11: Vendor landscape
Competitor landscape
Other prominent vendors
PART 12: Key vendor analysis
Castrol
Chevron
ExxonMobil
Royal Dutch Shell
Valvoline
PART 13: Appendix
List of abbreviations
List of Exhibits
Exhibit 01: Global turbine oil market
Exhibit 02: Global turbine oil market 2016-2021 (MMT)
Exhibit 03: Five forces analysis
Exhibit 04: Global turbine oil market by product type 2016 and 2021 (%)
Global turbine oil market by product type 2016-2021 (MMT)
Exhibit 05:
Exhibit 06: Global turbine oil market by mineral oil-based lubricants 2016-2021 (MMT)
Exhibit 07: Properties of mineral oil-based lubricants
Exhibit 08: Global turbine oil market by synthetic oil-based lubricants 2016-2021 (MMT)
Exhibit 09: Performance improvement properties of synthetic oils
Exhibit 10: Global turbine oil market by geography 2016 and 2021 (%)
Exhibit 11: Global turbine oil market by geography 2016-2021 (MMT)
Exhibit 12: Turbine oil market in APAC 2016-2021 (MMT)
Exhibit 13: Turbine oil market in EMEA 2016-2021 (MMT)
Exhibit 14: Turbine oil market in the Americas 2016-2021 (MMT)
Exhibit 15: Total electricity generation in the US 2015 (%)
Exhibit 16: Fossil fuel reserves 2013
Exhibit 17: World net electricity generation by fuel 2012, 2020, and 2025 (trillion kilowatt hours)
Exhibit 18: Hydropower generation by countries 2015 (% market share)
Exhibit 19: Countries with future hydropower project targets
Exhibit 20: Lubricant contamination issues in turbines
Exhibit 21: Impact of drivers
Exhibit 22: Baltic Dry Index (base year 2012=100 and data till January 2017) (USD hire paid per day)
Exhibit 23: China GDP growth 2006-2016 (%)
Exhibit 24: Natural gas price 2008-2016 (units in $ per MMBTU)
Exhibit 25: Impact of challenges
Exhibit 26: Properties of renewable lubricants
Exhibit 27: Global crude oil price volatility 2007-2016 ($/barrel)
Exhibit 28: Other prominent vendors: Global turbine oil manufacturers
Exhibit 29: Castrol: Key product offerings
Exhibit 30: Chevron: Key product offerings
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