Transformer Oil Size, Share, Growth, Demand, Segments and Forecast by 2029



Data Bridge Market Research analyses that the transformer oil market is expected to undergo a CAGR of 7.55% during the forecast period. This indicates that the market value, which was USD 1.90 billion in 2021, would rocket up to USD 3.40 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.


Transformer oil is an insulating oil which is stable at high temperatures and has superior electrical insulating properties. It is widely used in oil-filled transformers, high-voltage capacitors, fluorescent lamp ballasts, high-voltage switches and circuit breakers. There functions are to suppress corona discharge, insulate and arcing, and to serve as a coolant.

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Some of the major players operating in the transformer oil market are:

  • Shell (U.K.)
  • Exxon Mobil Corporation (U.S.)
  • Repsol (Spain), Ergon, Inc. (U.S.)
  • Nyan’s AB (Sweden)
  • Sinopec Lubricant Company (China)
  • APAR (India)
  • PetroChina Company Limited (China)
  • Savita Oil Technologies Limited (India)
  • Chevron Corporation (U.S.)
  • M&I Materials Limited (U.K.)
  • Gandhari Oil Refinery (India) Limited (India)
  • Laurita Check Oil Level (Netherlands)
  • Phillips 66 Company (U.S.)

Global Transformer Oil Market Scope:

Global transformer oil market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type
  • Mineral Oil
  • Silicone
  • Bio-based

Application
  • Transformer
  • Switchgear
  • Reactor


Transformer Oil Market Regional Analysis/Insights:

The transformer oil market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.

The countries covered in the transformer oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the transformer oil market due to the rising demand for power in developing economies such as India and China and established economies, such as China and Japan. Rising power requirements are anticipated to result in an upsurge in the number of substations in this region.

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