Analysis Of Transformer Oil Market Expected To Grow At A CAGR Of 8.2% To Reach $3.68 Billion By 2023

Orbis Research has added Latest report on “Global Transformer Oil Market” by Manufacturers, Regions, Companies and Forecast up to 2023

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Global Transformer Oil Market is accounted for $2.12 billion in 2016 and expected to grow at a CAGR of 8.2% to reach $3.68 billion by 2023. Factors such as modernization of existing transformers, renewable power generation capacity expansion, new investments in the power sector in south Asia & Africa, and growing demand from original equipment manufacturers (OEMs) are driving the market growth. However, corrosive nature of sulphur present in transformer oil, deterioration of transformer oil due to moisture ingress and increasing demand for dry type transformers are the constraints faced by the market. Further, volatility in crude oil prices presents a challenge to the market. Increasing demand of bio-based transformer oil and corrosion free transformer oil will provide ample opportunity for the market to grow.

Mineral oil based segment is anticipated to show attractive growth due to easy availability & also due to its good oxidative stability and high-temperature viscosity characteristics. However, the bio-based oil is expected to grow lucratively due to environmental benefits. Asia Pacific is the largest market due to the presence of emerging markets India and China which are attributed to focus on rural and urban development in infrastructure. There is a growing demand for transformer oil in North America and Europe.

Some of the key players in Global Transformer Oil Market are Mitsubishi Heavy Industries, Ltd., ABB Ltd., Aevitas., Alstom Inc., Apar industries limited., Asia Electrical Power Equipment (Shenzhen) Co.,Royal Dutch Shell Plc, Clean Oil Services Pty Ltd., Cargill Incorporated, Dow Corning, Gulf Oil Middle East Limited., Interpower International Ltd., Electrical Oil Services Ltd., ERFA Industries Group, Exxonmobil Corporation and Eaton Corporation Plc.

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Applications Covered:
Power Transformers
Distribution Transformers
Instrument & Other Transformer

Types Covered:
Bio-Based Oil
Mineral Oil-Based
Naphthenic Mineral Oil-Based
Paraffinic Mineral Oil-Based

Regions Covered:
North America
Rest of Europe
Asia Pacific
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
South Africa

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What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

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