Global Transformer Oil Market 2016-2020

The transformer oil market research report will offer up-to-date analysis about the accelerating transformer oil market size during the predicted period. This market research report analyzes the key players in the transformer oil market such as Apar Industries, Ergon, Nynas, PetroChina, and Sinopec. The report also presents transformer oil market share, oil market industry analysis, transformer oil market forecast,the competitive analysis of the market by product (bio-based, mineral-based, and silicone-based),and by geography (the Americas, APAC, and EMEA)

Below are some of the key findings from the global transformer oil market

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Global transformer oil market outlook

Technavio’s market research analysts have predicted that the global transformer oil market will grow steadily during the predicted period and in terms of revenue, will post a CAGR of about 9% by 2020. This industry research report identifies the modernization of existing transformers to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The rise in demand for electricity across the globe has led to the installation of new transformers and also the replacement of old transformers with new ones. Moreover, the inability of existing networks to meet the growth in demand for power has resulted in the renovation of the transmission and distribution infrastructure globally. Several countries such as Malaysia, India, and Russia have already started undertaking capacity expansion programs, and this trend is expected to continue in the other countries as well. This will have a positive impact on the growth of the transformer insulating oil market in the coming years.

The next few years will witness the increasing popularity of bio-based and naphthenic transformer oil in the market. This is mainly due to the increase in fire accidents in mineral oil-based transformers and the non-biodegradable nature of mineral oil. Biobased oil has several advantages such as incombustibility, non-toxic, excellent insulating properties, biodegradable, high fire point. The oil also has a low-cost advantage due to oil spill remediation, owing to which several countries across the world, especially in North America, have already started using bio-based transformer oils.

Competitive landscape and key vendors

and appears to be moderately fragmented. Most of the vendors lack product differentiation and mainly compete on the basis of product pricing and services. Moreover, the established vendors also face a threat from regional vendors who offer low-priced, customized solutions to customers. Since the market requires the need transformer oil manufacturers. The market comprises of a diverse group of international and regional of a massive capital expenditure, the coming years will not witness the entry of many new vendors. The new entrants will also find it difficult to compete with the large established companies in terms of product quality, features, design, services offered, turnaround time, and maintaining customer relationships.

The leading vendors in the market are -

• Apar Industries
• Ergon
• Nynas
• PetroChina
• Sinopec

The other prominent vendors in the market are Cargill Incorporated, Engen Petroleum Limited, Hydrodec Group Plc, San Joaquin Refining, and Valvoline.

Segmentation by product and analysis of the transformer oil market

• Bio-based
• Mineral-based
• Silicone-based

Accounting for more than 90% of the total shares of the market, the mineral-based oil segment dominated the transformer insulating oil market during 2015. This mainly attributes to the large-scale manufacturing of transformers that operate using this insulating medium. Moreover, the use of mineral-based transformer oil in power and distribution transformers, switchgear, and circuit breakers all over the world especially in APAC will also aid in the growth of this segment.

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Geographical segmentation and analysis of the transformer oil market

• Americas
• APAC
• EMEA

According to this market study, APAC will account for more than 52% of the total market share by 2020 and will also dominate the transformer oil market throughout the forecast period. APAC countries, especially China and India have the largest transmission and distribution networks in the world. The constant growth in demand for electric power will increase the demand to renovate and expand the existing infrastructure, which will provide for the growth of the market in this region in the coming years.

Key questions answered in the report include

• What will the market size and thegrowth rate of transformer oil market be in 2020?
• What are the key factors driving the global transformer oil market?
• What are the key market trends impacting the growth of the global transformer oil market?
• What are the challenges to market growth?
• Who are the key vendors in the global transformer oil market?
• What are the market opportunities and threats faced by the vendors in the global transformer oil market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global transformer oil market?

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