Press Resease

Transformer Oil Market by Type (Mineral Oil-Based, Silicone-Based, and Bio-Based Oil), for Distribution Transformers and Power Transformers Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2022

Published Date: 10-Apr-2017 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-774 Status : Published

Global transformer oil market is expected to reach USD 3,159. 0 million in 2022, growing at a CAGR of 7.1% between 2017 and 2022.

Description

The report covers forecast and analysis for the transformer oil market on a global and regional level. The study provides historic information of 2016 with a forecast from 2017 to 2022 based on both volume (million Liters) and revenue (USD Million). The study covers the key drivers and restraints for the transformer oil market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the transformer oil market on a global level.

In order to offer the users of this report a comprehensive read on the transformer oil market, we have provided a detailed value chain analysis. To know the competitive landscape in the market, an analysis of Porter’s Five Forces model for the transformer oil market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby all segments are benchmarked on the basis of their market size, rate and attractiveness.

The report also covers the market share of the key participant’s operative in the respective market across the globe. Additionally, the report covered the strategic development together with acquisitions & mergers, new resins launch, agreements, partnerships, collaborations and joint ventures and regional growth of major participants concerned within the market on the international and regional basis.

The study provides a crucial view on the transformer oil market by segmenting the market based on its segmentation. The segmentation included application, type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Based on type, the global transformer oil included in this study are mineral oil-based, silicone-based, and bio-based oil. Distribution transformers and power transformers are the key application segment of transformer oil market. In addition, the regional classification includes the major countries and regions such as Europe, North America, Latin America, Asia-Pacific, and Middle East & Africa. These regions are further segmented into U.S., U.K., Germany, France, Japan, China, India and Brazil.

The study provides the detailed company profiles of the global market along with the in-depth description of participants that includes constraints such as company overview, financials, recent developments and the business strategy of the company. Thus, some of the key manufacturers included in the study are Nynas AB, Ergon Inc., PetroChina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners, Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited.

This report segments the transformer oil market as follows:

Global Transformer Oil Market: Type Analysis

  • Mineral Oil-Based
  • Silicone-Based
  • Bio-Based Oil

Global Transformer Oil Market: Application Analysis

  • Distribution transformers
  • Power Transformers

Global Transformer Oil Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Transformer Oil Market, 2014 - 2022, (USD Million) (Million Liters)
    • 2.2. Transformer oil: Market snapshot
  • Chapter 3. Transformer Oil Market: Industry Analysis
    • 3.1. Transformer Oil: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Expansion of electricity grid in Asia Pacific region
      • 3.2.2. Upgrade of electric grids in North America
    • 3.3. Restraints
      • 3.3.1. Increasing demand for dry type transformers
    • 3.4. Opportunity
      • 3.4.1. Increasing demand of bio-based transformer oil
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by type segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by region segment
  • Chapter 4. Global Transformer oil Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global transformer oil market: company market share, 2016
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
  • Chapter 5. Global Transformer Oil Market: Type Overview
    • 5.1. Global transformer oil market share, by type, 2016 and 2022
    • 5.2. Global mineral oil-based transformer oil market, 2014 - 2022(USD Million) (Million Liters)
    • 5.3. Global silicone-based transformer oil market, 2014 - 2022 (USD Million) (Million Liters)
    • 5.4. Global bio-based oil supplement market, 2014 - 2022 (USD Million) (Million Liters)
  • Chapter 6. Global Transformer Oil Market: Application Overview
    • 6.1. Global transformer oil market share for application, 2016 and 2022
    • 6.2. Global transformer oil market for distribution transformer, 2014 – 2022 (USD Million) (Million Liters)
    • 6.3. Global Transformer oil market for power transformer, 2014 - 2022 (USD Million) (Million Liters)
  • Chapter 7. Global Transformer Oil Market: Regional Analysis
    • 7.1. Global Transformer Oil Market: Regional overview
      • 7.1.1. Global transformer oil market share, by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.2. North America transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.3. North America transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.4. North America transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.2.5.2. U.S transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.2.5.3. U.S transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.2.5.4. U.S transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.3. Europe
      • 7.3.1. Europe transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.2. Europe transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.3. Europe transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.4. Europe transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.5. UK
        • 7.3.5.1. UK transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.5.2. UK transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.5.3. UK transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.5.4. UK transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.6. France
        • 7.3.6.1. France transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.6.2. France transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.6.3. France transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.6.4. France transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.7. Germany
        • 7.3.7.1. Germany transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.7.2. Germany transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.7.3. Germany transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.7.4. Germany transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.4.2. Asia Pacific transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.4.3. Asia Pacific transformer oil market volume, by application, 2015 – 5 – 2021 (USD Million) (Million Liters)
      • 7.4.4. Asia Pacific transformer oil market revenue, by application, 2015 – 5 – 2021 (USD Million) (Million Liters)
      • 7.4.5. China
        • 7.4.5.1. China transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.5.2. China transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.5.3. China transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.5.4. China transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.4.6. India
        • 7.4.6.1. India transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.6.2. India transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.6.3. India transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.6.4. India transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.5. Latin America
      • 7.5.1. Latin America transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.2. Latin America transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.3. Latin America transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.4. Latin America transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.5.5.2. Brazil transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.5.5.3. Brazil transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.5.5.4. Brazil transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.6.2. Middle East & Africa transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.6.3. Middle East & Africa transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.6.4. Middle East & Africa transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
  • Chapter 8. Company Profiles
    • 8.1. Nynas AB
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Typeportfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Ergon Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Typeportfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. PetroChina Company Limited
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Typeportfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. APAR Industries Limited
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Typeportfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Calumet Specialty Products Partners
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Typeportfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Sinopec Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Typeportfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Hydrodec Group PLC
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Typeportfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Cargill Incorporated
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Typeportfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Engen Petroleum Limited
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Typeportfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Valvoline
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Typeportfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. San Joaquin Refining Co., Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Typeportfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Gandhar Oil Refinery India Limited
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Typeportfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Transformer Oil market. Zion Research has collected and analyzed key data belong to the global Transformer Oil market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Transformer Oil across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Transformer Oil industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Transformer Oil market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Transformer oil is utilized as coolant and insulator in transformers by energy and power industry. Transformer oil provides two main functions in transformers i.e. dissipation of heat generated inside the transformers and suppression of arcing. They are derived from the fractional distillation of crude oil. Transformer oils are stable at extremely high temperature and show considerable insulating properties. Most commonly used products are mineral-oil based like paraffinic oil which is used for cooling applications owing to its viscosity features and excellent oxidative stability.

The global market for transformer oil is expected to grow at a significant rate. Rising power consumption, increasing investment in the power sector and expansion of electrical grids in the developing countries are the major factors driving the growth of the transformer oil market globally. Furthermore, rising production of transformers is anticipated to fuel the demand for transformer oil market. However, increasing demand for the dry type transformers may hamper the market growth in near future. Moreover, the corrosive effect of sulfur present in transformer oil may abstract the growth of the market.

Global-Transformer-Oil-Market

Global transformer oil market has been segmented on the basis of type, application, and region. On the basis of type, transformer oil market is classified into mineral oil-based, silicone-based, and bio-based oil. Mineral-based transformer oil is the most widely used transformer oil having occupied the largest market share in 2016. However, the demand of bio-based transformer oil is anticipated to increase in the coming years owing to its environmental benefits and superior operational advantages. On the basis of the application, the market is classified into distribution transformers and power transformers. In 2016, distribution transformer segment dominates the transformer oil market, accounting for nearly half of the overall market.

Asia-Pacific held the largest share of the transformer oil market in 2016 and is expected to retain its majority by 2022. Countries like India and China have a high demand for the transformer oil for expansion of electric grids and installation of transformers. The growth for transformer oil is expected to be slower in North America and Europe region, as they are more depend on renewable sources than conventional sources of energy.

The transformer oil market comprises of a diverse group of international and regional transformer oil manufacturers and appears to be moderately fragmented. The key players of global transformer oil market include Nynas AB, Ergon Inc., PetroChina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners, Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited among others.

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