Transformer Oil Industry,Strategic Insights and Top Impacting Growth Factors Over 2027| Key
Transformer Oils Market Global Research Report: By Type (Naphthenic Oil, Paraffinic Oil, Bio-
Based Oil, Silicone Oil), By Application (Large Transformers, Small Transformers, Utility &
Others), And Region – Forecast till 2027
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Transformer Oil Market Analysis
Transformer Oil is used as insulator and coolant in transformers by energy and Power industry.
Globe is experiencing a rise of demand for electricity which has led to the installation of new
transformer, replacement of old transformer, installation of grid infrastructure.
These factors have pushed the global market for Transformer Oil across all the regions, where Asia-
Pacific has accounted the largest market share of around 40% followed by North America and
Europe. Moreover, old and existing networks are not able to meet the new demand for power
demand has resulted to modification of the transmission and distribution grid infrastructure.
The global market on the basis of type, naphthenic has acquired the largest market due to
abundance availability of naphthenic and is expected to retain its dominance during the forecast
period. On the basis of application, large transformer segment is estimated to be valued at USD
1,029.0 million in 2016 and is anticipated to expand at a CAGR of 7.99%.
The expansion of power grids in emerging countries in Asia is estimated to primarily drive the small
transformers segment. However, the increasing transition from non-renewable to renewable energy
sources is estimated to boost demand for large transformers over the forecast period.
Top Key Players
The key players of Global Transformer Oil Market report include- Nynas AB, Ergon Inc., Petrochina
Company Limited, APAR Industries Limited, Calumet Specialty Products Partners L.P., Sinopec