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Global Transformer Oil Market by Oil Type (Mineral (Naphthenic, Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear, Reactor), End User (Transmission & Distribution, Power Generation, Railways & Metros), and Region - Forecast to 2030

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    Report

  • 213 Pages
  • August 2021
  • Region: Global
  • Markets and Markets
  • ID: 5401783

The global transformer oil market is projected to reach USD 3.3 billion by 2030 from an estimated market size of USD 1.9 billion in 2021, at a CAGR of 6.5% during the forecast period. 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.



Mineral oil segment dominates the global market

The mineral oil segment is expected to have the largest market share and is projected to grow at the highest rate during the forecast period. Mineral oil is further segmented into naphthenic and paraffinic oil, and a majority of the existing and new transformers manufactured use mineral oil as the insulation fluid. The demand for mineral oil is expected to grow during the forecast period because of its low cost index and easy availability compared to other transformer oils.


Transmission & Distribution segment to lead the global transformer oil market

The transmission & distribution segment is projected to be the most significant transformer oil market, by end-user, during the forecast period. It has the largest share of the transformer oil market owing to the global growth in the production and consumption of electricity. Transmission & distribution utilities own and operate the transmission & distribution system. Thus, growing demand for power will necessitate the expansion of the transmission & distribution network, thereby enhancing the demand for electrical components, such as transformers, reactors, and switchgears, leading to an increase in the demand for transformer oil.


APAC dominates the global transformer oil market in terms of annual growth rate

APAC was the largest market, for transformer oil market in 2020, driven mainly by activities in China, India, Japan, South Korea and Australia. The region is also projected to have the highest CAGR during the forecast period. 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.


Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  •  
  • By Company Type: Tier I - 55%, Tier II - 25%, and Tier III - 20%
  • By Designation: C-Level - 35%, Director Level - 30%, and Others - 35%
  • By Region: Europe - 35%, North America - 25%, Asia-Pacific 25%, RoW - 15%

Note: Others include sales managers, marketing managers, product managers, and product engineers. The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.


The transformer oil market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global transformer oil market include Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), Apar Industries (India), Sinopec Lubricant (China). The major strategy adopted by the players include investments & expansions.


Research Coverage:

The report defines, describes, and forecasts the transformer oil market, by oil type, application, end user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the transformer oil market.


Key Benefits of Buying the Report

  • The report identifies and addresses the key markets for transformer oil, which would help transformer oil providers review the growth in demand.
  • The report helps service providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Frequently Asked Questions about the Global Transformer Oil Market

What is the estimated value of the Global Transformer Oil Market?

The Global Transformer Oil Market was estimated to be valued at $1.9 Billion in 2021.

What is the growth rate of the Global Transformer Oil Market?

The growth rate of the Global Transformer Oil Market is 6.5%, with an estimated value of $3.3 Billion by 2030.

What is the forecasted size of the Global Transformer Oil Market?

The Global Transformer Oil Market is estimated to be worth $3.3 Billion by 2030.

Who are the key companies in the Global Transformer Oil Market?

Key companies in the Global Transformer Oil Market include Apar Industries, Calumet Specialty Products Partners, L.P., Cargill, Incorporated., Chevron Corporation, Dow, Engen Petroleum Limited, Ergon, Inc., Exxon Mobil Corporation and Gulf Oil International Ltd.

Table of Contents

1 Introduction

1.1 Study Objectives
1.2 Definition and Scope
1.2.1 Transformer Oil Market, by End User: Inclusions & Exclusions
1.2.2 Transformer Oil Market, by Application: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitation
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology

2.1 Research Data
Figure 1 Transformer Oil Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key data from secondary sources
2.2.2 Primary Data
2.2.2.1 Key industry insights
2.2.2.2 Breakdown of primaries
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.4 Demand-Side Metrics
Figure 6 Main Metrics Considered While Constructing and Assessing Demand for Transformer Oil
2.4.1 Calculation for Demand-Side Metrics
2.4.2 Research Assumptions for Demand-Side Metrics
2.5 Supply-Side Analysis
Figure 7 Key Steps Considered for Assessing the Supply of Transformer Oil
Figure 8 Transformer Oil Market: Supply-Side Analysis, 2020
2.5.1 Calculations for Supply-Side
2.5.2 Assumptions for Supply-Side
2.6 Forecast

3 Executive Summary

Table 1 Transformer Oil Market Snapshot
Figure 9 Mineral Oil Segment Is Expected To Dominate Transformer Oil Market, by Oil Type, During forecast Period
Figure 10 Transformer Segment Is Expected To Dominate Transformer Oil Market, by Application, During forecast Period
Figure 11 T&D Is Expected To Be the Largest End User Segment of Transformer Oil Market, During forecast Period
Figure 12 Asia Pacific Dominated Transformer Oil Market In 2020

4 Premium Insights

4.1 Attractive Opportunities In Transformer Oil Market
Figure 13 Growing Demand for Bio-Based Transformer Oil Due To Environmental Concerns and Increasing Investments In HVDC Transmission Systems Are Expected To Drive the Transformer Oil Market, 2021-2030
4.2 Transformer Oil Market (Value), by Region
Figure 14 Transformer Oil Market To Register the Highest Growth In Asia Pacific During the forecast Period
4.3 Transformer Oil Market, by Oil Type
Figure 15 Mineral Oil Segment Dominated Transformer Oil Market, by Oil Type, In 2020
4.4 Transformer Oil Market, by Application
Figure 16 Transformer Segment Dominated Transformer Oil Market, by Application, In 2020
4.5 Transformer Oil Market, by End User
Figure 17 T&D Segment Dominated Transformer Oil Market, by End User, In 2020
4.6 Transformer Oil Market In Asia Pacific, by Oil Type & Country
Figure 18 Mineral Oil & China Dominated the Asia Pacific Transformer Oil Market, by Oil Type & Country, In 2020

5 Market Overview

5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 19 COVID-19 Global Propagation
Figure 20 COVID-19 Propagation In Select Countries
5.3 Road To Recovery
Figure 21 COVID-19 Propagation In Select Countries
5.4 COVID-19 Economic Assessment
Figure 22 Revised GDP forecasts for Select G20 Countries In 2020
5.5 Market Dynamics
Figure 23 Transformer Oil Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Expansion of electric grid in APAC region
Figure 24 Global T&D Investment Projection, 2020-2040, (USD Billion)
5.5.1.2 Modernization of electric grids and adoption of smart grids in developed economies
5.5.2 Restraints
5.5.2.1 Environmental concerns associated with the usage of mineral-based transformer oil
5.5.2.2 Increasing demand for dry-type transformers
5.5.2.3 Increased intervention from the unorganized sector
5.5.3 Opportunities
5.5.3.1 Growing demand for bio-based transformer oil due to environmental concerns
5.5.3.2 Expansion in cross-border electricity trade
5.5.3.3 Increased investment in HVDC transmission systems
5.5.4 Challenges
5.5.4.1 Fluctuations in crude oil prices
Figure 25 West Texas Intermediate (WTI) Crude Oil Prices, January 2018-July 2021
5.6 COVID-19 Impact
5.7 Impact of Developments In Renewable Energy Growth and Clean Energy Transition
5.8 Impact of EV Adoption and EV Infrastructure
Figure 26 Global EV Sales Volume, 2019-2020
5.9 Trends/Disruptions Impacting Customers’ Businesses
5.9.1 Revenue Shift and New Revenue Pockets In Transformer Oil Market
Figure 27 Revenue Shift of Transformer Oil Providers
5.10 Average Pricing Analysis
Table 2 Transformer Oil Market: Pricing Analysis
5.11 Value Chain Analysis
Figure 28 Transformer Oil Market: Value Chain Analysis
Table 3 Transformer Oil Market: Value Chain
5.11.1 Raw Material Suppliers
5.11.2 Transformer Oil Manufacturers
5.11.3 Equipment Manufacturers (OEM and ODM)
5.11.4 Distributors
5.11.5 End Users
5.12 Market Map
Figure 29 Transformer Oil: Market Map
5.13 Technology Analysis
5.14 Transformer Oil Market: Regulations
5.15 Porter’s Five forces Analysis
Figure 30 Transformer Oil Market: Porter’s Five forces Analysis
Table 4 Transformer Oil Market: Porter’s Five forces Analysis
5.15.1 Threat of New Entrants
5.15.2 Bargaining Power of Suppliers
5.15.3 Bargaining Power of Buyers
5.15.4 Threat of Substitutes
5.15.5 Degree of Competition
5.16 Case Study Analysis
5.16.1 Tata Power’s Impactful Decision To Address Mumbai’s Population and Safety Constraints To the Installation of New T&D Utilities

6 Transformer Oil Market, by Oil Type

6.1 Introduction
Figure 31 Transformer Oil Market, by Oil Type, 2020
Table 5 Transformer Oil Market, by Oil Type, 2018-2030 (USD Million)
Table 6 Transformer Oil Market, by Oil Type, 2018-2030 (Million Liters)
6.2 Mineral Oil
6.2.1 Low Price Index & Easy Availability To Increase Demand for Mineral Oil-Based Transformer Oil
Table 7 Transformer Oil Market for Mineral Oil, by Sub Oil Type, 2018-2030 (USD Million)
Table 8 Transformer Oil Market for Mineral Oil, by Sub Oil Type, 2018-2030 (Million Liters)
Table 9 Transformer Oil Market for Mineral Oil, by Inhibition Type, 2018-2030 (USD Million)
Table 10 Transformer Oil Market for Mineral Oil, by Inhibition Type, 2018-2030 (Million Liters)
Table 11 Transformer Oil Market for Mineral Oil, by Region, 2018-2030 (USD Million)
6.2.2 Naphthenic Oil
Table 12 Transformer Oil Market for Naphthenic Mineral Oil, by Region, 2018-2030 (USD Million)
6.2.2.1 Inhibition Type (Naphthenic Mineral Oil)
Table 13 Transformer Oil Market for Naphthenic Mineral Oil, by Inhibition Type, 2018-2030 (USD Million)
Table 14 Transformer Oil Market for Naphthenic Mineral Oil, by Inhibition Type, 2018-2030 (Million Liters)
6.2.2.1.1 Inhibited Naphthenic Mineral Oil
Table 15 Transformer Oil Market for Inhibited Naphthenic Mineral Oil, by Region, 2018-2030 (USD Million)
6.2.2.1.2 Uninhibited Naphthenic Mineral Oil
Table 16 Transformer Oil Market for Uninhibited Naphthenic Mineral Oil, by Region, 2018-2030 (USD Million)
6.2.3 Paraffinic Oil
Table 17 Transformer Oil Market for Paraffinic Mineral Oil, by Region, 2018-2030 (USD Million)
6.2.3.1 Inhibition Type (Paraffinic Mineral Oil)
Table 18 Transformer Oil Market for Paraffinic Mineral Oil, by Inhibition Type, 2018-2030 (USD Million)
Table 19 Transformer Oil Market for Paraffinic Mineral Oil, by Inhibition Type, 2018-2030 (Million Liters)
6.2.3.1.1 Inhibited Paraffinic Mineral Oil
Table 20 Transformer Oil Market for Inhibited Paraffinic Mineral Oil, by Region, 2018-2030 (USD Million)
6.2.3.1.2 Uninhibited Paraffinic Mineral Oil
Table 21 Transformer Oil Market for Uninhibited Paraffinic Mineral Oil, by Region, 2018-2030 (USD Million)
6.3 Bio-Based Oil
6.3.1 Rising Environmental Concerns To Drive Market for Bio-Based Oil
Table 22 Transformer Oil Market for Bio-Based Oil, by Region, 2018-2030 (USD Million)
6.4 Silicone Oil
6.4.1 High Heat Resistance Is Expected To Drive Demand for Silicone-Based Transformer Oil
Table 23 Transformer Oil Market for Silicone Oil, by Region, 2018-2030 (USD Million)

7 Transformer Oil Market, by Application

7.1 Introduction
Figure 32 Transformer Oil Market, by Application, 2020
Table 24 Transformer Oil Market, by Application, 2018-2030 (USD Million)
Table 25 Transformer Oil Market, by Application, 2018-2030 (Million Liters)
7.2 Transformer
7.2.1 Increasing Investments In T&D Sector To Boost the Transformer Segment During forecast Period
Table 26 Transformer Oil Market for Transformer, by Sub-Application, 2018-2030 (USD Million)
Table 27 Transformer Oil Market for Transformer, by Sub-Application, 2018-2030 (Million Liters)
Table 28 Transformer Oil Market for Transformer, by Region, 2018-2030 (USD Million)
7.2.2 Power Transformer
Table 29 Transformer Oil Market for Power Transformer, by Region, 2018-2030 (USD Million)
7.2.3 Distribution Transformer
Table 30 Transformer Oil Market for Distribution Transformer, by Region, 2018-2030 (USD Million)
7.3 Reactor
7.3.1 Long-Term Industrial Growth and Increased Demand for Energy To Boost Growth of the Reactor Segment
Table 31 Transformer Oil Market for Reactor, by Region, 2018-2030 (USD Million)
7.4 Switchgear
7.4.1 Renewable Power Transmission and Medium-Voltage Sub-Stations To Directly Propel Demand for Switchgear Segment
Table 32 Transformer Oil Market for Switchgear, by Region, 2018-2030 (USD Million)

8 Transformer Oil Market, by End User

8.1 Introduction
Figure 33 Transformer Oil Market, by End User, 2020 (Value)
Table 33 Transformer Oil Market, by End User, 2018-2030 (USD Million)
Table 34 Transformer Oil Market, by End User, 2018-2030 (Million Liters)
8.2 Transmission and Distribution
8.2.1 Upgrading of Aging T&D Infrastructure To Fuel Transformer Oil Market Growth
Table 35 Transformer Oil Market for Transmission and Distribution, by Region, 2018-2030 (USD Million)
8.3 Railways & Metros
8.3.1 Growing Investments In Railways & Metros Likely To Propel Demand for Transformer Oil
Table 36 Transformer Oil Market for Railways & Metros, by Region, 2018-2030 (USD Million)
8.4 Power Generation
8.4.1 Rise In Power Generation Capacity Expected To Drive the Market for Transformer Oil
Table 37 Transformer Oil Market for Power Generation, by Region, 2018-2030 (USD Million)
8.5 Others
Table 38 Transformer Oil Market for Others, by Region, 2018-2030 (USD Million)

9 Transformer Oil Market, by Region

9.1 Introduction
Figure 34 Regional Snapshot: Market In Asia Pacific Is Expected To Grow At the Highest CAGR During the forecast Period
Figure 35 Transformer Oil Market Share (Value), by Region, 2020
Table 39 Transformer Oil Market, by Region, 2018-2030 (USD Million)
Table 40 Transformer Oil Market, by Region, 2018-2030 (Million Liters)
9.2 Asia Pacific
Figure 36 Asia Pacific: Regional Snapshot
9.2.1 By Oil Type
Table 41 Transformer Oil Market In Asia Pacific, by Oil Type, 2018-2030 (USD Million)
9.2.1.1 Mineral Oil - By Sub Oil Type
Table 42 Transformer Oil Market In Asia Pacific, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
9.2.1.2 Mineral Oil - By Inhibition Type
Table 43 Transformer Oil Market In Asia Pacific, by Inhibition Type (Mineral Oil), 2018-2030 (USD Million)
9.2.1.2.1 Naphthenic Mineral Oil - By Inhibition Type
Table 44 Transformer Oil Market In Asia Pacific, by Inhibition Type (Naphthenic Mineral Oil), 2018-2030 (USD Million)
9.2.1.2.2 Paraffinic Mineral Oil - By Inhibition Type
Table 45 Transformer Oil Market In Asia Pacific, by Inhibition Type (Paraffinic Mineral Oil), 2018-2030 (USD Million)
9.2.2 By Application
Table 46 Transformer Oil Market In Asia Pacific, by Application, 2018-2030 (USD Million)
9.2.2.1 Transformer - By Sub-Application
Table 47 Transformer Oil Market In Asia Pacific, by Sub-Application (Transformer), 2018-2030 (USD Million)
9.2.3 By End User
Table 48 Transformer Oil Market In Asia Pacific, by End User, 2018-2030 (USD Million)
9.2.4 By Country
Table 49 Transformer Oil Market In Asia Pacific, by Country, 2018-2030 (USD Million)
Table 50 Transformer Oil Market In Asia Pacific, by Country, 2018-2030 (Million Liters)
9.2.4.1 China
9.2.4.1.1 Long term industrial growth and increasing investments in T&D sector expected to drive China’s transformer oil market
Table 51 Transformer Oil Market In China, by Oil Type, 2018-2030 (USD Million)
Table 52 Transformer Oil Market In China, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 53 Transformer Oil Market In China, by Application, 2018-2030 (USD Million)
Table 54 Transformer Oil Market In China, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 55 Transformer Oil Market In China, by End User, 2018-2030 (USD Million)
9.2.4.2 India
9.2.4.2.1 Increased demand for electricity and increasing investments in power generation to drive India’s transformer oil market
Table 56 Transformer Oil Market In India, by Oil Type, 2018-2030 (USD Million)
Table 57 Transformer Oil Market In India, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 58 Transformer Oil Market In India, by Application, 2018-2030 (USD Million)
Table 59 Transformer Oil Market In India, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 60 Transformer Oil Market In India, by End User, 2018-2030 (USD Million)
9.2.4.3 Japan
9.2.4.3.1 Renovation of grid infrastructure to drive Japan’s market for transformer oil
Table 61 Transformer Oil Market In Japan, by Oil Type, 2018-2030 (USD Million)
Table 62 Transformer Oil Market In Japan, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 63 Transformer Oil Market In Japan, by Application, 2018-2030 (USD Million)
Table 64 Transformer Oil Market In Japan, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 65 Transformer Oil Market In Japan, by End User, 2018-2030 (USD Million)
9.2.4.4 Australia
9.2.4.4.1 Rapid industrialization with rising construction & mining activities expected to boost Australia’s demand for transformer oil
Table 66 Transformer Oil Market In Australia, by Oil Type, 2018-2030 (USD Million)
Table 67 Transformer Oil Market In Australia, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 68 Transformer Oil Market In Australia, by Application, 2018-2030 (USD Million)
Table 69 Transformer Oil Market In Australia, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 70 Transformer Oil Market In Australia, by End User, 2018-2030 (USD Million)
9.2.4.5 South Korea
9.2.4.5.1 Government initiatives toward renewable power generation expected to increase South Korea’s demand for transformer oil
Table 71 Transformer Oil Market In South Korea, by Oil Type, 2018-2030 (USD Million)
Table 72 Transformer Oil Market In South Korea, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 73 Transformer Oil Market In South Korea, by Application, 2018-2030 (USD Million)
Table 74 Transformer Oil Market In South Korea, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 75 Transformer Oil Market In South Korea, by End User, 2018-2030 (USD Million)
9.2.4.6 Rest of Asia Pacific
Table 76 Transformer Oil Market In Rest of Asia Pacific, by Oil Type, 2018-2030 (USD Million)
Table 77 Transformer Oil Market In Rest of Asia Pacific, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 78 Transformer Oil Market In Rest of Asia Pacific, by Application, 2018-2030 (USD Million)
Table 79 Transformer Oil Market In Rest of Asia Pacific, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 80 Transformer Oil Market In Rest of Asia Pacific, by End User, 2018-2030 (USD Million)
9.3 North America
Figure 37 North America: Regional Snapshot
9.3.1 By Oil Type
Table 81 Transformer Oil Market In North America, by Oil Type, 2018-2030 (USD Million)
9.3.1.1 Mineral Oil - By Sub Oil Type
Table 82 Transformer Oil Market In North America, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
9.3.1.2 Mineral Oil - By Inhibition Type
Table 83 Transformer Oil Market In North America, by Inhibition Type (Mineral Oil), 2018-2030 (USD Million)
9.3.1.2.1 Naphthenic Mineral Oil - By Inhibition Type
Table 84 Transformer Oil Market In North America, by Inhibition Type (Naphthenic Mineral Oil), 2018-2030 (USD Million)
9.3.1.2.2 Paraffinic Mineral Oil - By Inhibition Type
Table 85 Transformer Oil Market In North America, by Inhibition Type (Paraffinic Mineral Oil), 2018-2030 (USD Million)
9.3.2 By Application
Table 86 Transformer Oil Market In North America, by Application, 2018-2030 (USD Million)
9.3.2.1 Transformer - By Sub-Application
Table 87 Transformer Oil Market In North America, by Sub-Application (Transformer), 2018-2030 (USD Million)
9.3.3 By End User
Table 88 Transformer Oil Market In North America, by End User, 2018-2030 (USD Million)
9.3.4 By Country
Table 89 Transformer Oil Market In North America, by Country, 2018-2030 (USD Million)
Table 90 Transformer Oil Market In North America, by Country, 2018-2030 (Million Liters)
9.3.4.1 US
9.3.4.1.1 Upgrades to the existing power infrastructure expected to drive the US transformer oil market
Table 91 Transformer Oil Market In US, by Oil Type, 2018-2030 (USD Million)
Table 92 Transformer Oil Market In US, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 93 Transformer Oil Market In US, by Application, 2018-2030 (USD Million)
Table 94 Transformer Oil Market In US, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 95 Transformer Oil Market In US, by End User, 2018-2030 (USD Million)
9.3.4.2 Canada
9.3.4.2.1 Growing demand for replacement of aging electricity infrastructure expected to drive the Canadian transformer oil market
Table 96 Transformer Oil Market In Canada, by Oil Type, 2018-2030 (USD Million)
Table 97 Transformer Oil Market In Canada, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 98 Transformer Oil Market In Canada, by Application, 2018-2030 (USD Million)
Table 99 Transformer Oil Market In Canada, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 100 Transformer Oil Market In Canada, by End User, 2018-2030 (USD Million)
9.3.4.3 Mexico
9.3.4.3.1 Growth of industrial sector and energy requirements are expected to boost the Mexican transformer oil market
Table 101 Transformer Oil Market In Mexico, by Oil Type, 2018-2030 (USD Million)
Table 102 Transformer Oil Market In Mexico, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 103 Transformer Oil Market In Mexico, by Application, 2018-2030 (USD Million)
Table 104 Transformer Oil Market In Mexico, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 105 Transformer Oil Market In Mexico, by End User, 2018-2030 (USD Million)
9.4 Europe
9.4.1 By Oil Type
Table 106 Transformer Oil Market In Europe, by Oil Type, 2018-2030 (USD Million)
9.4.1.1 Mineral Oil - By Sub Oil Type
Table 107 Transformer Oil Market In Europe, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
9.4.1.2 Mineral Oil - By Inhibition Type
Table 108 Transformer Oil Market In Europe, by Inhibition Type (Mineral Oil), 2018-2030 (USD Million)
9.4.1.2.1 Naphthenic Mineral Oil - By Inhibition Type
Table 109 Transformer Oil Market In Europe, by Inhibition Type (Naphthenic Mineral Oil), 2018-2030 (USD Million)
9.4.1.2.2 Paraffinic Mineral Oil - By Inhibition Type
Table 110 Transformer Oil Market In Europe, by Inhibition Type (Paraffinic Mineral Oil), 2018-2030 (USD Million)
9.4.2 By Application
Table 111 Transformer Oil Market In Europe, by Application, 2018-2030 (USD Million)
9.4.2.1 Transformer - By Sub-Application
Table 112 Transformer Oil Market In Europe, by Sub-Application (Transformer), 2018-2030 (USD Million)
9.4.3 By End User
Table 113 Transformer Oil Market In Europe, by End User, 2018-2030 (USD Million)
9.4.4 By Country
Table 114 Transformer Oil Market In Europe, by Country, 2018-2030 (USD Million)
Table 115 Transformer Oil Market In Europe, by Country, 2018-2030 (Million Liters)
9.4.4.1 UK
9.4.4.1.1 Increasing investments in renewables and high industrialization expected to drive UK’s transformer oil market
Table 116 Transformer Oil Market In UK, by Oil Type, 2018-2030 (USD Million)
Table 117 Transformer Oil Market In UK, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 118 Transformer Oil Market In UK, by Application, 2018-2030 (USD Million)
Table 119 Transformer Oil Market In UK, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 120 Transformer Oil Market In UK, by End User, 2018-2030 (USD Million)
9.4.4.2 Germany
9.4.4.2.1 Growth in renewable sector & construction sector is expected to boost Germany’s transformer oil market
Table 121 Transformer Oil Market In Germany, by Oil Type, 2018-2030 (USD Million)
Table 122 Transformer Oil Market In Germany, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 123 Transformer Oil Market In Germany, by Application, 2018-2030 (USD Million)
Table 124 Transformer Oil Market In Germany, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 125 Transformer Oil Market In Germany, by End User, 2018-2030 (USD Million)
9.4.4.3 Russia
9.4.4.3.1 Investment in oil & gas sector and Government’s focus on renewable energy to boost Russia’s transformer oil market growth
Table 126 Transformer Oil Market In Russia, by Oil Type, 2018-2030 (USD Million)
Table 127 Transformer Oil Market In Russia, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 128 Transformer Oil Market In Russia, by Application, 2018-2030 (USD Million)
Table 129 Transformer Oil Market In Russia, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 130 Transformer Oil Market In Russia, by End User, 2018-2030 (USD Million)
9.4.4.4 France
9.4.4.4.1 Increased demand for power generation systems owing to growth in adoption of renewable energy to fuel the growth of transformer oil market in France
Table 131 Transformer Oil Market In France, by Oil Type, 2018-2030 (USD Million)
Table 132 Transformer Oil Market In France, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 133 Transformer Oil Market In France, by Application, 2018-2030 (USD Million)
Table 134 Transformer Oil Market In France, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 135 Transformer Oil Market In France, by End User, 2018-2030 (USD Million)
9.4.4.5 Rest of Europe
Table 136 Transformer Oil Market In Rest of Europe, by Oil Type, 2018-2030 (USD Million)
Table 137 Transformer Oil Market In Rest of Europe, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 138 Transformer Oil Market In Rest of Europe, by Application, 2018-2030 (USD Million)
Table 139 Transformer Oil Market In Rest of Europe, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 140 Transformer Oil Market In Rest of Europe, by End User, 2018-2030 (USD Million)
9.5 RoW
9.5.1 By Oil Type
Table 141 Transformer Oil Market In RoW, by Oil Type, 2018-2030 (USD Million)
9.5.1.1 Mineral Oil - By Sub Oil Type
Table 142 Transformer Oil Market In RoW, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
9.5.1.2 Mineral Oil - By Inhibition Type
Table 143 Transformer Oil Market In RoW, by Inhibition Type (Mineral Oil), 2018-2030 (USD Million)
9.5.1.2.1 Naphthenic Mineral Oil - By Inhibition Type
Table 144 Transformer Oil Market In RoW, by Inhibition Type (Naphthenic Mineral Oil), 2018-2030 (USD Million)
9.5.1.2.2 Paraffinic Mineral Oil - By Inhibition Type
Table 145 Transformer Oil Market In RoW, by Inhibition Type (Paraffinic Mineral Oil), 2018-2030 (USD Million)
9.5.2 By Application
Table 146 Transformer Oil Market In RoW, by Application, 2018-2030 (USD Million)
9.5.2.1 Transformer - By Sub-Application
Table 147 Transformer Oil Market In RoW, by Sub-Application (Transformer), 2018-2030 (USD Million)
9.5.3 By End User
Table 148 Transformer Oil Market In RoW, by End User, 2018-2030 (USD Million)
9.5.4 By Country
Table 149 Transformer Oil Market In RoW, by Country, 2018-2030 (USD Million)
Table 150 Transformer Oil Market In RoW, by Country, 2018-2030 (Million Liters)
9.5.4.1 Middle East
9.5.4.1.1 Growing investments in oil & gas industry and investments for infrastructural developments to increase demand for transformer oil in the Middle East
Table 151 Transformer Oil Market In Middle East, by Oil Type, 2018-2030 (USD Million)
Table 152 Transformer Oil Market In Middle East, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 153 Transformer Oil Market In Middle East, by Application, 2018-2030 (USD Million)
Table 154 Transformer Oil Market In Middle East, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 155 Transformer Oil Market In Middle East, by End User, 2018-2030 (USD Million)
9.5.4.2 Africa
9.5.4.2.1 Need to avoid black outs and power outages is expected to drive the African transformer oil market
Table 156 Transformer Oil Market In Africa, by Oil Type, 2018-2030 (USD Million)
Table 157 Transformer Oil Market In Africa, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 158 Transformer Oil Market In Africa, by Application, 2018-2030 (USD Million)
Table 159 Transformer Oil Market In Africa, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 160 Transformer Oil Market In Africa, by End User, 2018-2030 (USD Million)
9.5.4.3 South America
9.5.4.3.1 Growing investments in power generation capacity expected to drive the South American market for transformer oil
Table 161 Transformer Oil Market In South America, by Oil Type, 2018-2030 (USD Million)
Table 162 Transformer Oil Market In South America, by Sub Oil Type (Mineral Oil), 2018-2030 (USD Million)
Table 163 Transformer Oil Market In South America, by Application, 2018-2030 (USD Million)
Table 164 Transformer Oil Market In South America, by Sub-Application (Transformer), 2018-2030 (USD Million)
Table 165 Transformer Oil Market In South America, by End User, 2018-2030 (USD Million)

10 Competitive Landscape

10.1 Overview
Figure 38 Key Developments In the Transformer Oil Market, 2014 To 2021
10.2 Market Share Analysis of Key Players, 2020
Table 166 Transformer Oil Market: Competitive Analysis
Figure 39 Share Analysis of Top Players In Transformer Oil Market, 2020
10.3 Market Evaluation Framework
Table 167 Market Evaluation Framework, 2014-2021
10.4 Revenue Analysis of Top 3 Market Players
Figure 40 Top Players Dominated the Market In the Last 5 Years
10.5 Recent Developments
10.5.1 Deals
10.5.1.1 Transformer Oil Market: Deals,2014-2021
10.5.2 Others
10.5.2.1 Transformer Oil Market: Others,2014-2021
10.6 Competitive Leadership Mapping
10.6.1 Star
10.6.2 Emerging Leader
10.6.3 Pervasive
10.6.4 Participant
Figure 41 Transformer Oil Market: Competitive Leadership Mapping, 2020
Table 168 Company Product Footprint
Table 169 Company Region Footprint

11 Company Profiles

(Business overview, Products offered, Recent Developments, Mnm view)*
11.1 Key Companies
11.1.1 Nynas AB
Table 170 Nynas AB: Business Overview
Figure 42 Nynas AB: Company Snapshot
11.1.2 Ergon, Inc.
Table 171 Ergon, Inc.: Business Overview
11.1.3 Petrochina Company Limited
Table 172 Petrochina Company Limited: Business Overview
Figure 43 Petrochina Company Limited: Company Snapshot
11.1.4 Apar Industries
Table 173 Apar Industries: Business Overview
Figure 44 Apar Industries: Company Snapshot
11.1.5 Sinopec Lubricant Company
Table 174 Sinopec Lubricant Company: Business Overview
11.1.6 Calumet Specialty Products Partners, L.P.
Table 175 Calumet Specialty Products Partners, L.P.: Business Overview
Figure 45 Calumet Specialty Products Partners, L.P.: Company Snapshot
11.1.7 Cargill, Incorporated.
Table 176 Cargill, Incorporated.: Business Overview
11.1.8 Exxon Mobil Corporation
Table 177 Exxon Mobil Corporation: Business Overview
Figure 46 Exxon Mobil Corporation: Company Snapshot
11.1.9 Royal Dutch Shell
Table 178 Royal Dutch Shell: Business Overview
Figure 47 Royal Dutch Shell: Company Snapshot
11.1.10 Gulf Oil International Ltd
Table 179 Gulf Oil International Ltd: Business Overview
11.1.11 M&I Materials Ltd
Table 180 M&I Materials Limited: Business Overview
11.1.12 Phillips 66 Company
Table 181 Phillips 66 Company: Business Overview
Figure 48 Phillips 66 Company: Company Snapshot
11.1.13 Dow
Table 182 Dow: Business Overview
Figure 49 Dow: Company Snapshot
11.1.14 Repsol
Table 183 Repsol: Business Overview
Figure 50 Repsol: Company Snapshot
11.1.15 Chevron Corporation
Table 184 Chevron Corporation: Business Overview
Figure 51 Chevron Corporation: Company Snapshot
11.2 Other Players
11.2.1 Gandhar Oil
11.2.2 Hydrodec Group Plc
11.2.3 Engen Petroleum Limited
11.2.4 Valvoline Cummins
11.2.5 Petro-Canada
*Details on Business overview, Products offered, Recent Developments, Mnm view might not be captured in case of unlisted companies.

12 Appendix

12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: The Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

Executive Summary

Companies Mentioned

  • Apar Industries
  • Calumet Specialty Products Partners, L.P.
  • Cargill, Incorporated.
  • Chevron Corporation
  • Dow
  • Engen Petroleum Limited
  • Ergon, Inc.
  • Exxon Mobil Corporation
  • Gandhar Oil
  • Gulf Oil International Ltd
  • Hydrodec Group Plc
  • M&I Materials Ltd
  • Nynas AB
  • Petro-Canada
  • Petrochina Company Limited
  • Phillips 66 Company
  • Repsol
  • Royal Dutch Shell
  • Sinopec Lubricant Company
  • Valvoline Cummins

Methodology

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