Energy & Green Renewable Technology Market News

Transformer oil market worth $2.79 billion by 2020

Transformer oil market worth $2.79 billion by 2020

The Global transformer oil market is expected to grow from $1.98 Billion in 2015 to $2.79 Billion by 2020 at a CAGR of 7.14% from 2015 to 2020.

- Advertising -

Mineral oil-based transformer oil is expected to occupy the major share as compared to silicone and bio-based transformer oils for the next five years.

Access report: www.marketsandmarkets.com/pdfdownload.asp?id=967    

In 2015, Asia-Pacific is estimated to be the largest market for transformer oils and would remain the top consumer till the year 2020. Extensive demand for electricity especially in China and India is driving the expansion of electric networks increasing the installation and upgrade of transformers in turn increasing the demand for transformer oil.

- Advertising -

The growing transmission and distribution network across globe is key drivers for transformer oil market growth. Significant T&D expansion projects are ongoing in Asia-Pacific which is expected to be the biggest and the fastest growing market for transformer oil.

Mineral oil based transformer oil: Most used transformer oil across the globe

Naphthenic and paraffinic mineral based transformer oils are the most consumed globally. However, this dominance is likely to reduce in the longer run due to the growing acceptance of bio-based transformer oils.

Request for Customization: www.marketsandmarkets.com/requestC…zation.asp?id=967

Small transformers: Major application segment for transformer oils

Small transformers (below 5 MVA) are distribution transformers, which form an important part of a power generation and distribution system are the largest consumers of transformer oil. Increased capacity additions including distributed energy projects are set to drive this market.

The report covers global transformer oil market in terms of consumption (thousand liters) and revenue ($million) across regions such as Asia-Pacific, Europe, North America, and ROW. It explains qualitative and quantitative aspects of transformer oil types such as mineral oil – naphthenic & paraffinic, silicone, and bio-based transformer oils.

The report also explains the transformer oil market by geography and types, and consumption trends from 2013 to 2020. However, the scope of the report is limited to analysis, estimations, and forecast about transformer oil market based on their types, geography, and applications.

The report also includes an analysis of the value chain, Porters’ five forces analysis, the competitive landscape, and company profiles of 10 key players.

Sample Report:  www.marketsandmarkets.com/requestsample.asp?id=967    

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany profile: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...