Global Bio-Based Transformer Oil Market Outlook 2028

Description

Bio-based Transformer Oil Market Analysis 2019-2028

Bio-based transformer oil is an oil for electrical transformers which is usually made up from organic sources, such as vegetable oil feedstock. The oil is known to have the characteristics of being resistant to heat and electricity. The global bio-based transformer oil market is anticipated to grow with a CAGR of 5.9% during the forecast period, i.e., 2020-2028. Factors such as the growing demand for electricity worldwide, backed by the rise in consumption of electricity, followed by the increasing need to replace the existing electrical infrastructure in nations, along with the rising concerns for the environment for producing transformer oil from inorganic sources, are expected to drive the market growth during the forecast period. The market, which garnered a revenue of around USD 130 Million in the year 2019, is further expected to reach USD 221 Million by the end of 2028.

The global bio-based transformer oil market is segmented into numerous segments, which include segmentation by type, application, and by region. On the basis of type, the market is segmented into jatropha oil, karanja oil, and others. Out of these segments, the jatropha oil segment is expected to garner the highest market share during the forecast period. Alternatively, the karanja oil segment is expected to reach a revenue of USD 55948.1 Million by 2028. The market is further segmented by application into power transformer, distribution transformer, others. Amongst these, the distribution transformer segment is anticipated to hold the largest share throughout the forecast period, backed by the need to replace the aging power line distribution systems.

On the basis of geographical analysis, the global bio-based transformer oil market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Out of these, the market in Europe is expected to grow with the highest CAGR of 7.4% during the forecast period. The market in the region is also anticipated to touch a revenue of USD 51366.7 Million by the end of 2028.

Some of the prominent industry leaders in the global bio-based transformer oil market that are included in our report are: Cargill, Incorporated, M&I Materials Ltd, Savita Oil Technologies Limited, Nynas AB, ABB Ltd. and others.

1. Market Definition

1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview

2. Assumptions & Acronyms

3. Research Methodology

3.1. Research Process
3.2. Primary Research
- 3.2.1. Manufacturers
- 3.2.2. Suppliers
- 3.2.3. Others
3.3. Secondary Research
3.4. Market Size Estimation

4. Analyst Review

5. Executive Summary- Global Bio-based Transformer Oil Market

6. Market Lineage: Global Transformer Oil Market

6.1. Production Outlook
6.2. Consumption Outlook
6.3. Trade Outlook

7. Industry Value Chain Analysis

7.1. Raw material procurement
7.2. Manufacturing
7.3. Distribution & Supply
7.4. End-User Outlook
7.5. List of Key Players Across the Value Chain

8. Analysis of Market Dynamics

8.1. Market Drivers
8.2. Market Restraints
8.3. Key Opportunities
8.4. Market Trends

9. Trade Outlook

9.1. Import Analysis
9.2. Export Analysis
9.3. Key Import/Export Destinations

10. Technology Outlook

11. Regulatory & Standard Landscape

12. Impact of COVID-19 on the Global Bio-based Transformer Oil Market

12.1. Impact on Demand
12.2. Impact on the Manufacturers
12.3. Impact on the Supply & Distribution
12.4. Impact on the Key Market Players
12.5. Impact on the End-Users
12.6. Impact on the Pricing
12.7. Market Impact Analysis in 2020 (Quarter Wise) w.r.t Covid-19 Pandemic (USD Million)

13. Global Bio-based Transformer Oil Market Outlook

13.1. By Value (USD Million)
13.2. By Volume (Tons)

14. Market Segmentation by:

14.1. Type, 2019-2028F (USD Million, Tons)
- 14.1.1. Jatropha Oil, 2019-2028F (USD Million, Tons)
- 14.1.2. Karanja Oil, 2019-2028F (USD Million, Tons)
- 14.1.3. Others, 2019-2028F (USD Million, Tons)
14.2. Application, 2019-2028F (USD Million, Tons)
- 14.2.1. Power Transformer, 2019-2028F (USD Million, Tons)
- 14.2.2. Distribution Transformer, 2019-2028F (USD Million, Tons)
- 14.2.3. Others, 2019-2028F (USD Million, Tons)

15. North America Bio-based Transformer Oil Market

15.1. North America Bio-based Transformer Oil Market, in USD Million (2020-2028)
15.2. North America Bio-based Transformer Oil Market, in Tons (2020-2028)
15.3. Leading Companies in bio-based transformer oil
15.4. Pricing Outlook (USD/Ton)
15.5. Market Share (%), 2020
15.6. Market Segmentation by:
- 15.6.1. Type, 2019-2028F (USD Million, Tons)
  - 15.6.1.1. Jatropha Oil, 2019-2028F (USD Million, Tons)
  - 15.6.1.2. Karanja Oil, 2019-2028F (USD Million, Tons)
  - 15.6.1.3. Others, 2019-2028F (USD Million, Tons)
- 15.6.2. Application, 2019-2028F (USD Million, Tons)
  - 15.6.2.1. Power Transformer, 2019-2028F (USD Million, Tons)
  - 15.6.2.2. Distribution Transformer, 2019-2028F (USD Million, Tons)
  - 15.6.2.3. Others, 2019-2028F (USD Million, Tons)
15.7. Country-wise Bio-based Transformer Oil Market

16. Europe Bio-based Transformer Oil Market

16.1. Europe Bio-based Transformer Oil Market, in USD Million (2020-2028)
16.2. Europe Bio-based Transformer Oil Market, in Tons (2020-2028)
16.3. Leading Companies in bio-based transformer oil
16.4. Pricing Outlook (USD/Ton)
16.5. Market Share (%), 2020
16.6. Market Segmentation by:
- 16.6.1. Type, 2019-2028F (USD Million, Tons)
  - 16.6.1.1. Jatropha Oil, 2019-2028F (USD Million, Tons)
  - 16.6.1.2. Karanja Oil, 2019-2028F (USD Million, Tons)
  - 16.6.1.3. Others, 2019-2028F (USD Million, Tons)
- 16.6.2. Application, 2019-2028F (USD Million, Tons)
  - 16.6.2.1. Power Transformer, 2019-2028F (USD Million, Tons)
  - 16.6.2.2. Distribution Transformer, 2019-2028F (USD Million, Tons)
  - 16.6.2.3. Others, 2019-2028F (USD Million, Tons)
16.7. Country-wise Bio-based Transformer Oil Market

17. Asia-Pacific Bio-based Transformer Oil Market

17.1. Asia-Pacific Bio-based Transformer Oil Market, in USD Million (2020-2028)
17.2. Asia-Pacific Bio-based Transformer Oil Market, in Tons (2020-2028)
17.3. Leading Companies in bio-based transformer oil
17.4. Pricing Outlook (USD/Ton)
17.5. Market Share (%), 2020
17.6. Market Segmentation by:
- 17.6.1. Type, 2019-2028F (USD Million, Tons)
  - 17.6.1.1. Jatropha Oil, 2019-2028F (USD Million, Tons)
  - 17.6.1.2. Karanja Oil, 2019-2028F (USD Million, Tons)
  - 17.6.1.3. Others, 2019-2028F (USD Million, Tons)
- 17.6.2. Application, 2019-2028F (USD Million, Tons)
  - 17.6.2.1. Power Transformer, 2019-2028F (USD Million, Tons)
  - 17.6.2.2. Distribution Transformer, 2019-2028F (USD Million, Tons)
  - 17.6.2.3. Others, 2019-2028F (USD Million, Tons)
17.7. Country-wise Bio-based Transformer Oil Market

18. Latin America Bio-based Transformer Oil Market

18.1. Latin America Bio-based Transformer Oil Market, in USD Million (2020-2028)
18.2. Latin America Bio-based Transformer Oil Market, in Tons (2020-2028)
18.3. Leading Companies in bio-based transformer oil
18.4. Pricing Outlook (USD/Ton)
18.5. Market Share (%), 2020
18.6. Market Segmentation by:
- 18.6.1. Type, 2019-2028F (USD Million, Tons)
  - 18.6.1.1. Jatropha Oil, 2019-2028F (USD Million, Tons)
  - 18.6.1.2. Karanja Oil, 2019-2028F (USD Million, Tons)
  - 18.6.1.3. Others, 2019-2028F (USD Million, Tons)
- 18.6.2. Application, 2019-2028F (USD Million, Tons)
  - 18.6.2.1. Power Transformer, 2019-2028F (USD Million, Tons)
  - 18.6.2.2. Distribution Transformer, 2019-2028F (USD Million, Tons)
  - 18.6.2.3. Others, 2019-2028F (USD Million, Tons)
18.7. Country-wise Bio-based Transformer Oil Market

19. Middle East and Africa Bio-based Transformer Oil Market

19.1. Middle East and Africa Bio-based Transformer Oil Market, in USD Million (2020-2028)
19.2. Middle East and Africa Bio-based Transformer Oil Market, in Tons (2020-2028)
19.3. Leading Companies in bio-based transformer oil
19.4. Pricing Outlook (USD/Ton)
19.5. Market Share (%), 2020
19.6. Market Segmentation by:
- 19.6.1. Type, 2019-2028F (USD Million, Tons)
  - 19.6.1.1. Jatropha Oil, 2019-2028F (USD Million, Tons)
  - 19.6.1.2. Karanja Oil, 2019-2028F (USD Million, Tons)
  - 19.6.1.3. Others, 2019-2028F (USD Million, Tons)
- 19.6.2. Application, 2019-2028F (USD Million, Tons)
  - 19.6.2.1. Power Transformer, 2019-2028F (USD Million, Tons)
  - 19.6.2.2. Distribution Transformer, 2019-2028F (USD Million, Tons)
  - 19.6.2.3. Others, 2019-2028F (USD Million, Tons)
19.7. Country-wise Bio-based Transformer Oil Market