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This report estimates the transformer oil market size in terms of USD million and thousand liters. The market has been broken down by regions and further split into countries. The transformer oil market is expected to reach a market of USD 2.79 billion in 2020, from USD 1.98 billion in 2015 with a CAGR of 7.14% from 2015 to 2020.
The transformer oil market has been segmented into four regionsnamely, North America, Europe, AsiaPacific, and Rest of the World Africa, Latin America, and the Middle East. The report also touches on various other important aspects of the market. It includes an analysis of the supply chain, Porter's Five Forces analysis, and a competitive landscape. In addition, 12 key players of this market have also been profiled.
Transformer oil or dielectric fluid is a highly refined mineral oil which is stable at high temperatures and has excellent dielectric and cooling properties. It is mainly used in oilfilled transformers as an insulating and cooling medium. Apart from this application, transformer oil is also used in few types of high voltage capacitors, highvoltage switches, and circuit breakers. The major functions of transformer oil are to insulate, suppress corona and arcing, and to behave as a coolant. But, the increasing use of dry type transformer oil and corrosive effect of sulfur present in transformer oil has limited the growth of this market.
Various secondary sources, such as encyclopedias, directories, and databases have been used to identify and collect information useful for this extensive commercial study of the global turbocompressors market. Primary sources, such as experts in the industry and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of the transformer oil market.
Leading market players have also been profiled and their recent developments and other strategic industry activities have been provided. These include Nynas AB Sweden, Ergon Inc. U.S., PetroChina Company Limited China, Apar Industries Limited India, and Calumet Specialty Products Partners, L.P. U.S..
AsiaPacific accounted for about 40% of the total market share in 2014. China is the largest market in AsiaPacific, and is expected to grow rapidly along with India in the near future. Mineralbased transformer oil held major market share in 2014 while the demand of biobased transformer oil is set to increase at a higher rate.
Original Article: Transformer Oil Market by Type Mineral Naphthenic and Paraffinic, by Application Small transformers, Large Transformers, Utility Others, Region AsiaPacific, North America, Europe, ROW Global Trends Forecasts to 2020 Prices from USD $5650NEXT ARTICLE