Global Transformer Oil Market - 2019-2026

The global transformer oil market was valued at USD XX million in 2018. Research at DMI pegged the market forecast valuation at USD xx million by 2026 and esti-mated the transformer oil market size to grow at a CAGR of xx% during the fore-cast period 2019-2026.

Transformer oil serves two important functions in a transformer i.e. suppression of arcing and dissipation of heat generated inside the transformers. Transformer oils are derived from the fractional distillation of crude oil. They are stable at very high temperature and show significant insulating properties. There are three types of transformer oil based on origin: mineral oil-based, silicone oil-based, and bio-based.

Drivers & Restraint

The market for the transformer oils has witnessed a stable growth during past five years and this trend is expected to continue in the near future. Rising power con-sumption, increasing investment in the power sector and expansion of electrical grids in the developing regions are the major factors driving the growth of the transformer oils market worldwide.

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 pro-vide ample opportunity for the market to grow.

Moreover, Non-petroleum base and non-toxicity are some other requirements contributing to the amplified product penetration growth. Though, rising promi-nence of bio-based products is anticipated to offer significant competition to the silicon-based transformer oils.

However, the fluctuating raw material cost and the demand for dry transformers may restrain the market growth during the review period.

Segment Analysis by Type:

On the basis of the Type, the global transformer oil market is segmented into Par-affinic Mineral Oil-Based, Naphthenic Mineral Oil-Based, Silicone-Based. Among all the others, the naphthenic mineral oil-based supply is higher in the global market due to the maturity of developed markets but the growth of the paraffinic mineral oil-based is expected to be higher due to the increase in demand from the developing markets. Naphthenic type transformer oil holds approximately 48% of global market. Easy availability and affordable prices are projected to be the growth drivers of the segment. However, the demand for bio-based oil is likely to increase at a significant rate in the near future.

Segment Analysis by Application:

On the basis of the Application, the global transformer oil market is segmented in-to Distribution Transformer, Power Transformer, Instrument Transformer, Oth-ers. Among all others, Power Transformer dominated the market, due to rising investment in the electricity sector along with development of power grids in de-veloping countries will augment the product demand. Increasing use of power transformer at the receiving & finishing end of HV transmission lines will further boost the industry outlook. Owing to the escalating demand for transformer oil, the market for transformer oil is also estimated to experience surge in future.

Geography Analysis:

Geographically, the global transformer market has been segmented into North America, Asia-pacific, South America, Europe and RoW. Among all the regions, Asia-Pacific is dominated the market followed by North America where demand for transformer oil is attributed to the increasing focus on rural and urban devel-opment in infrastructure.

Moreover, the demand for transformer oil in developing nations like China, India and Brazil is expected to be largely driven by the installation of new electrical in-frastructure due to the increasing population and building better infrastructure. This is expected to act as an improvement to the growth of the global transformer oil market during the forecast period.

Competitor Landscape

The global transformer oil market is fragmented with large number of local and international players. However, Nynas AB, Royal Dutch Shell Plc, and Columbia Petro Chem Pvt. Ltd are the leading suppliers of transformer oils in the world. These three companies together hold around 20% of total market.

Why purchase the report?

• Identify commercial opportunities in the global transformer oil market by ana-lyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the global transformer oil mar-ket by segmentation level.
• PDF report with the most relevant analysis cogently put together after exhaus-tive qualitative interviews and in-depth market study.
• Product mapping in excel for the key global transformer oil market of all major market players.

Target Audience

• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers