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Transformers oils are consumed across distribution, power, and other (instrumental & others) transformers. In 2014, power transformers consumed 668.9 million litres of transformer oil. These transformers are used in various industrial applications including nuclear power plants, hydel power stations, thermal power stations, and others. Rising industrialization and modernizations supplement the demand for power transformers, which in turn lead the consumption of transformer oil.
The transformer oil market has been segmented by type as mineral oil-based, silicone oil-based, and bio-based. Furthermore, the mineral oil-based segment is sub-segmented into naphthenic and paraffinic. In 2014, the consumption of paraffinic transformer oil was the highest owing to its easy availability. Paraffinic transformer oil is extensively used in transformer cooling applications due to its good oxidative stability and high-temperature viscosity characteristics.
In terms of geography, the market has been segmented into North America, Europe, and Asia-Pacific & LAMEA. In 2014, the consumption of transformer oil in Asia-Pacific was highest due to the increasing demand for electricity, especially in densely populated countries such as India and China and enhancement of grid infrastructure and increasing investments. In addition, Asia is one of the largest consumers of transformer oil due to the increased focus of both urban and rural infrastructure.
Competitive intelligence on few prominent manufacturers of transformer oils provide key insights in terms of strategies implemented to gain significant share in the transformer oil market. For smoothening the operation and retaining competitiveness in the global market, the top players are adopting some key developmental strategies including partnerships, expansions, collaborations, joint ventures, mergers, and product launches. Some of the leading manufacturers profiled in this report include Nynas AB, Ergon Inc., PetroChina Company Limited, Apar Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group Plc, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited.
KEY MARKET BENEFITS:
The report includes extensive analysis of the factors driving as well as restraining the global transformer oil market.
The market projections for the period 2014-2020 have been included along with factors affecting the same.
The report also provides quantitative as well as qualitative market trends to help the stakeholders in understanding the situations prevailing in the market
An in-depth analysis of key segments of the market demonstrates stakeholders with different types of transformer oil consumed across different industries on the globe.
SWOT analysis enables to study the internal environment of the leading companies for strategy formulation
Competitive intelligence highlights the business practices followed by the leading market players across various geographies
GLOBAL TRANSFORMER OIL MARKET SEGMENTS:
The market for global transformer oil is segmented as:
Market, By Type
Market, By Application
Others (Instrumental & others)
Market, By Geography
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
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