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Transformer Oil Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Petrochina, Apar Industry, CNOOC, Sinopec

02 Jan, 2020 | 120 Pages
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Registering a CAGR of 6.5% over the forecast period of 2021-2027, the global Transformer Oil market is anticipated to reach the market value of US$ 1.9 billion from US$ 3.3 billion in the year 2020.



Transformer Oil Market Overview



The factors driving the growth for transformer oil are the expansion of electric grids in developing countries along with the modernization of electric grids in the developed economies due to growing industrialization and urbanization. These oils are derived from crude oil through the fractional distillation process and they offer various properties such as excellent di-electricity, high resistivity, thermal conductivity, minimum power loss, and chemical stability, among others. It plays an important role to meet the residential, commercial, and industrial energy requirements and ensure a smooth operation of the power supply transformer. During operation, transformers dissipate heat which can damage the system if not controlled. Therefore, to achieve the seamless operation of the transformer by preventing heat damage the oil is used. Application of transformer oil can also be seen in high-voltage circuit breakers and switches. Transformer oil is also used in power generation and railways.Transmission and distribution are expected to show positive growth in the market due to the growing need for electricity and the expansion of electricity distribution networks across industrial, residential, and commercial sectors.



Recent Developments:



23-Sept-2020 :Shell launches new biodegradable transformer oil- Shell has launched Shell Diala S5 BD, a new biodegradable transformer oil made from gas-to-liquids (GTL) technology. The new oil, Shell Diala S5 BD, is formulated with Sulphur-free GTL technology, which eliminates the risk of corrosion caused by corrosive Sulphur. The mineral-based transformer oil will reportedly also be offered at a lower price point than traditional ester-based biodegradable oils.




Who are the Major Players in Transformer Oil Market?



Top Key Players in the Transformer Oil Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Transformer Oil Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include petrochina Company Limited (NYSE:PTR), Apar Industry Limited (NSE:APARINDS.NS), CNOOC Limited (HKSE :0883.HK), Sinopec, Savita Oil, Jiangsu Gaoke, Raj Petro Specialties, JXTG, Nynas, Jiangsu Shuangjiang, Shell, and others.



What are the major Applications, Types, and Regions for Transformer Oil Market?



By Type, Transformer Oil Market has been segmented into 




  • Mineral Oil-based Transformer Oil

  • Synthetic Oil-based Transformer Oil

  • Silicone-based Transformer Oil

  • Others



By Application, Transformer Oil Market has been segmented into 




  • Ordinary Transformer

  • EHV Transformer



Transformer Oil Market Regional Analysis:



The rapid increase in the demand for electricity and an increase in the power generation capacity in developing countries such as India and China, along with the growth in industrial and commercial sectors, will lead to an increase in the number of substations. Growth in the number of substations will propel the demand for transformers, which will enhance the demand for transformer oil in APAC.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Transformer Oil Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 6.5% during the review period (2022 to 2027).



By Type




  • Mineral Oil-based Transformer Oil

  • Synthetic Oil-based Transformer Oil

  • Silicone-based Transformer Oil

  • Others



 



By Application




  • Ordinary Transformer

  • EHV Transformer



 



By Companies



petrochina Company Limited (NYSE:PTR), Apar Industry Limited (NSE:APARINDS.NS), CNOOC Limited (HKSE :0883.HK), Sinopec, Savita Oil, Jiangsu Gaoke, Raj Petro Specialties, JXTG, Nynas, Jiangsu Shuangjiang, Shell, and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



120



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Transformer Oil Report




  • Evaluate Transformer Oil market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Transformer Oil market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Transformer Oil Market is studied from 2017 - 2027.



What is the growth rate of Transformer Oil Market?



The Transformer Oil Market is growing at a CAGR of 6.5% over the next 5 years.



Who are the leading key players in Transformer Oil Market?



petrochina Company Limited (NYSE:PTR), Apar Industry Limited (NSE:APARINDS.NS), CNOOC Limited (HKSE :0883.HK), Sinopec, Savita Oil, Jiangsu Gaoke, Raj Petro Specialties, JXTG, Nynas, Jiangsu Shuangjiang, Shell, and others.



What regions regions does this Transformer Oil Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Transformer Oil Market?



Mineral Oil-based Transformer Oil, Synthetic Oil-based Transformer Oil, Silicone-based Transformer Oil, Others



The end user’s industry application on Transformer Oil Market is



Ordinary Transformer, EHV Transformer



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL TRANSFORMER OIL MARKET BY TYPES

    3. GLOBAL TRANSFORMER OIL MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR TRANSFORMER OIL



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. TRANSFORMER OIL GROWTH

      2. APPLICATION OF TRANSFORMER OIL



    4. IMPACT OF COVID 19



  5. GLOBAL TRANSFORMER OIL MARKET, BY TYPES

    1. INTRODUCTION

    2. MINERAL OIL-BASED TRANSFORMER OIL

    3. SYNTHETIC OIL-BASED TRANSFORMER OIL

    4. SILICONE-BASED TRANSFORMER OIL

    5. OTHERS



  6. GLOBAL TRANSFORMER OIL MARKET, BY APPLICATION

    1. INTRODUCTION

    2. ORDINARY TRANSFORMER

    3. EHV TRANSFORMER

    4.  OTHERS



  7. GLOBAL TRANSFORMER OIL MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. PETROCHINA

      2. APAR INDUSTRY

      3. CNOOC

      4. SINOPEC

      5. SAVITA OIL

      6. JIANGSU GAOKE

      7. RAJ PETRO SPECIALTIES

      8. JXTG

      9. NYNAS

      10. JIANGSU SHUANGJIANG

      11. SHELL







 

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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