Digital News World

Transformer Oil Market Expected to Post a Growth Rate of 7.5% CAGR Between 2016 and 2022

May 19, 2017

"Transformer Oil Market"
Global Transformer Oil Market Information by Type (Naphthenic, Paraffinic, Silicone based Transformer Oil, and Bio based Transformer Oil), by Application (Small transformer, Large Transformers, Utility & others) and by Region - Forecast to 2022

The global market Transformer Oil service is expected to grow at a CAGR of about 7.5% during the forecast period, 2016 to 2022.


Market Highlights

Transformer Oil is used as insulator and coolant in transformers by energy and Power industry. Globe is experiencing a rise of demand for electricity which has led to the installation of new transformer, replacement of old transformer, installation of grid infrastructure. These factors have pushed the global market for transformer oil across all the regions, where Asia-Pacific has accounted the largest market share of around 40% followed by North America and Europe. Moreover, old and existing networks are not able to meet the new demand for power demand has resulted to modification of the transmission and distribution grid infrastructure. The global market on the basis of type, naphthenic has acquired the largest market due to abundance availability of naphthenic and is expected to retain its dominance during the forecast period. On the basis of application, large transformer segment is estimated to be valued at USD 1,103.9 million in 2016 and is anticipated to expand at a CAGR of 7.99%. The expansion of power grids in emerging countries in Asia is estimated to primarily drive the small transformers segment. However, the increasing transition from non-renewable to renewable energy sources is estimated to boost demand for large transformers over the forecast period


Key Players

  • 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.
  • Gandhar Oil Refinery India Limited


Request a Sample Report @


Key Findings

- Asia-Pacific accounts for the largest share of 40% in the global transformer oil market in 2015

- Naphthenic accounted for the largest market share of 54.60% in 2014, with a market value of USD 1,146.6 million and is projected to grow at a CAGR of 8.44% during the forecast period

- Large Transformers accounted for the largest market share of 49.00% in 2014, with a market value of USD 1,029.0 million and is projected to grow at a CAGR of 7.99% during the forecast period

- China accounted for the largest market share of 44.00% in 2014, with a market value of USD 369.6 million and is projected to grow at the highest CAGR of 9.98% during the forecast period


Segment Analysis

The global transformer oil market is majorly ruled by mineral oil forms such as naphthenic and paraffinic, which cumulative accounts for 90.0% of the overall market. The major reason behind this factor is easy availability of naphthenic oil, and as per the analysis, this factor would retain its dominance till the end of forecasted period. However, prominent trends in the market such as increasing environmental concerns and increasing stringent regulations regarding fire safety are anticipated to boost market demand for bio based and silicone oil over the forecast period. Silicone oil is estimated to exhibit highest CAGR over the forecast period.


Scope of the report

This study provides an overview of the global Transformer Oil industry, tracking market segments across the categorized four geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the World.


Browse Report @


Target Audience

  • Transformer Oil manufacturers
  • Transformer Oil dealers and supplier
  • Grid Infrastructure player
  • Energy and power sector
  • Industry Associations and Publications
  • Investment bankers and M&A Consultants


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
City: Pune
State: Maharashtra
Country: India

Most Viewed News Release

Coated Paper Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022

Smart City ICT Infrastructure 2017 Global Market Expected to Grow at CAGR of 17.44% and Forecast to 2021

Ammonia Market: New Business Opportunities, Emerging Trends, Competitive Strategies and Forecasts 2022

Charcoal Barbecues Global Market Size, Share, Demand, Growth, Opportunities, Analysis of Top Key Player and Forecast to 2022

Calibration Management Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022

Growing Adoption of Employee Benefits among SMEs in U.K. to Substantially Boost Retention of Skilled Workforce

Smart Irrigation Market is Contrary Hot & Expected to grow at USD 1561 million by 2022

Integrated Passive Devices Market is Expected To Grow Remarkably Well, Registering Over steady CAGR, Forecast to 2022

Global Pharmaceutical Logistics 2017 Industry Trends, Sales, Supply, Demand, Analysis & Forecast to 2025

Smart Thermostat Market is Estimated To Witness A Remarkable Growth at USD ~3.5 Billion by 2022

Tourism Potential Index Market 2017 – By Analyzing the Performance of Various Competitors

Distributed Antenna Market shows an impressive growth, estimated to reach at market size of US ~$11 billion by 2022

Smartwatches 2017 Global Market Growth, Opportunities , Industry Applications, Analysis and Forecast To 2022

Digital Signage Software 2017 Global Market Growth, Opportunities , Industry Applications, Analysis and Forecast To 2022

High Strength Steel 2017 Global Market Growth, Opportunities , Industry Applications, Analysis and Forecast To 2022