Transformer Oil Market to be Driven by Rising Power Consumption Levels & Increasing Investment in the Power Sector Till 2025 | Million Insights

News provided by

Dec 17, 2019, 05:20 ET

FELTON, California, Dec. 17, 2019 /PRNewswire/ -- Global Transformer Oil Market is anticipated to reach USD 4.05 billion by 2025. Transformer oil is also known as "Insulating oil". Transformer oil is a superlative insulator for electricity, and it is stable at high temperature. This transformer oil is mainly a derivative of mineral oils, but substitute composition with better chemical and physical properties. Transformer oil has several properties such as high resistivity, thermal conductivity, minimum power loss, excellent di-electricity, chemical stability, and among others.

The factors that propel the growth of the Transformer Oil industry include increasing electric demand in emerging countries such as Brazil, South Africa, and India; which are anticipated to develop their grid infrastructure to increase the availability of electricity to the population.

On the other hand, there are factors that may hamper the growth of the market including strict environmental laws and shift towards organic oils, and the transition towards renewable sources of energy. Transformer Oil Market is anticipated to grow at a significant CAGR of 11.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Get Sample PDF and read more details about the "Transformer Oil Market" Report 2025.

Transformer Oil may be explored by product type, application, end users, and geography. Transformer Oil may be explored by product type as Mineral-based Oils, (Paraffinic Base Oils, Naphthenic Base Oils), Bio-based oils, and Silicone-based oils. The "Mineral-based Transformer Oil" segment surpassed the Transformer Oil industry in 2016 and is anticipated to maintain its dominance by 2025 owing to superior operational advantages, and environmental benefits.

The key applications that could be explored in the Transformer Oil Market include Utility Transformer Oils, Large-scale Transformers, and Small-scale Transformers. The "Small- scale Transformer" segment surpassed the Transformer Oil industry in 2016 and is anticipated to maintain its dominance by 2025 owing to growing electrification and urbanization of rural areas, several government initiatives to expand the power infrastructure, particularly in emerging economies such as Latin America, Africa, and Asia-Pacific. Transformer Oil may be explored by end users as chemicals and automotive.

Asia-Pacific accounted for the major share of the Transformer Oil Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include expansion of electric grids, increasing power requirements, and increasing requirement to transform & upgrade existing electricity supply organizations in emerging nations such as Vietnam, India, Indonesia and Thailand.

Some of the key players that fuel the growth of the Transformer Oil industry comprise ABB Ltd., General Electric Company, Siemens AG, Mitsubishi Electric Corporation, Crompton Greaves Limited, Hyundai Heavy Industries Co. Ltd., Toshiba Corporation, Hyosung Group, Bharat Heavy Electricals Limited, Schneider Electric, and SPX Transformer Solutions, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Browse 165 page research report with TOC on "Global Transformer Oil Market" at: https://www.millioninsights.com/industry-reports/transformer-oil-market

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Mineral-based Oils
Naphthenic Base Oils
Paraffinic Base Oils
Silicone-based oils
Bio-based oils

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

Small-scale Transformers
Large-scale Transformers
Utility Transformer Oils

Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

North America

U.S.
Canada

Europe

Germany
France
UK
Italy
Russia

Asia Pacific

China
India
Japan

Latin America

Mexico
Brazil

Middle East & Africa

Saudi Arabia
UAE
Oman

Browse reports of similar category available with Million Insights:

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: [email protected]

Web: https://www.millioninsights.com/

Blog: https://millioninsights.blogspot.com/

SOURCE Million Insights