Global Transformer Oil Market Growth 2023-2029

Global Transformer Oil Market Growth 2023-2029

Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.

LPI (LP Information)' newest research report, the “Transformer Oil Industry Forecast” looks at past sales and reviews total world Transformer Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Transformer Oil sales for 2023 through 2029. With Transformer Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transformer Oil industry.

This Insight Report provides a comprehensive analysis of the global Transformer Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Transformer Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Transformer Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Transformer Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Transformer Oil.

The global Transformer Oil market size is projected to grow from US$ 2606.4 million in 2022 to US$ 3782.8 million in 2029; it is expected to grow at a CAGR of 3782.8 from 2023 to 2029.

In the Middle East, Africa and Asia markets, the major producers are PetroChina, APAR Industry, CNOOC, Sinopec and Savita Oil, with a combined market share of 56%.

This report presents a comprehensive overview, market shares, and growth opportunities of Transformer Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Mineral Oil-based Transformer Oil
Synthetic Oil-based Transformer Oil
Silicone-based Transformer Oil
Others

Segmentation by application
Ordinary Transformer
EHV Transformer

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Petrochina
Apar Industry
CNOOC
Sinopec
Savita Oil
Jiangsu Gaoke
Raj Petro Specialties
JXTG
Nynas
Jiangsu Shuangjiang
Shell

Key Questions Addressed in this Report

What is the 10-year outlook for the global Transformer Oil market?

What factors are driving Transformer Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Transformer Oil market opportunities vary by end market size?

How does Transformer Oil break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.