Product Code: EN_15750 / A00615
The global transformer oil market size was valued at $2.3 billion in 2020, and is projected to reach $4.3 million by 2030, growing at a CAGR of 6.3% from 2021 to 2030.
Transformer oils are derived from the fractional distillation of crude oil. Transformer oil serves two important functions in a transformer, i.e., suppression of arcing and dissipation of heat generated inside the transformers. Transformer oil is stable at extremely high temperature and shows significant insulating properties. It is used in the functioning of insulation, corona discharge suppression, arcing, and for cooling purpose. It is further used in preserving transformer's core and windings. Level of transformer oil is calculated by using magnetic oil level gauge.
Rise in demand for transformer oil from power generation, transmission, and distribution consumers across the globe is a key factor driving the global transformer oil market trend during the forecast period. In addition, rapid investment toward expansion and upgradation of grid network in developed economies significantly contribute toward the global transformer oil market growth. However, rise in demand for dry type transformers across the globe is expected to hamper the growth of the market, globally during the analyzed timeframe. Conversely, increase in adoption and awareness toward utilization of bio-based transformer oil are expected to create potential growth opportunity for key players operating in this market in the coming years.
The global transformer oil market analysis is segmented into type, function, end-use, application, and region. Depending on type, the market is categorized into naphthenic oil, paraffinic oil, silicone-based oil, bio-based oil, and others. On the basis of function, it is segregated into insulator, cooling agent, lubricant, and chemical stabilizer. Depending on end use, it is classified into small transformer, large transformer, utility transformers, distribution transformers, power transformers, and others. The applications covered in the study include residential, commercial, and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
- A comprehensive analysis of the factors that drive and restrict the growth of the transformer oil market share is provided.
- The Porter's five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and forecast are based on factors impacting the global transformer oil market forecast , in terms of value.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.
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KEY MARKET SEGMENTS
By Type
- Naphthenic Oil
- Paraffinic Oil
- Silicone-based Oil
- Bio-based Oil
- Others
By Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
By End Use
- Small Transformers
- Large Transformers
- Utility Transformers
- Distribution Transformers
- Power Transformers
- Others
By Application
- Residential
- Commercial
- Industrial
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By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Neste
- Petronas
- Sinopec Lubricant Company
- Royal Dutch Shell
- Exxon Mobil Corporation
- Total SE
- Chevron Corporation
- Exxon Mobil
- Repsol
- Gulf Oil International
- Other companies operating in the transformer oil market industry are Lubrita, Phillips 66 Company, Dow, Cargill Incorporated, Hydrodec Group Plc., Calumet Specialty Products Partners, L.P., Sasol, Hyrax Oil Sdn Bhd., and San Joaquin Refining Co.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits for stakeholders
- 1.4.Research methodology
- 1.4.1.Primary research
- 1.4.2.Secondary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings
- 2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Key forces shaping the market
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.1.1.Rising power consumption
- 3.4.1.2.Increasing investment in power sector
- 3.4.1.3.Expansion of power grids in developing countries
- 3.4.1.4.Rising production of transformers
- 3.4.2.Restraint
- 3.4.2.1.Increasing demand for oil free transformer
- 3.4.2.2.Volatile raw material prices
- 3.4.3.Opportunities
- 3.4.3.1.Increasing adoption of bio-based transformer oil
- 3.4.3.2.Corrosion free transformer oil
- 3.5.Value Chain Analysis
- 3.6.Impact of key regulations on the global Transformer Oil market
- 3.7.Impact of CORONA (COVID-19) outbreak on the market
CHAPTER 4:GLOBAL TRANSFORMER OIL, BY TYPE
- 4.1.Overview
- 4.1.1.Market size and forecast, by Type
- 4.2.Naphthenic Oil
- 4.2.1.Key market trends, growth factors, and opportunities
- 4.2.2.Market size and forecast, 2020-2030
- 4.3.Paraffinic Oil
- 4.3.1.Key market trends, growth factors, and opportunities
- 4.3.2.Market size and forecast, 2020-2030
- 4.4.Silicone-Based Oil
- 4.4.1.Key market trends, growth factors, and opportunities
- 4.4.2.Market size and forecast, 2020-2030
- 4.5.Bio-Based Oil
- 4.5.1.Key market trends, growth factors, and opportunities
- 4.5.2.Market size and forecast, 2020-2030
- 4.6.Others
- 4.6.1.Key market trends, growth factors, and opportunities
- 4.6.2.Market size and forecast, 2020-2030
CHAPTER 5:GLOBAL TRANSFORMER OIL, BY FUNCTION
- 5.1.Overview
- 5.1.1.Market size and forecast, by Function
- 5.2.Insulator
- 5.2.1.Key market trends, growth factors, and opportunities
- 5.2.2.Market size and forecast, 2020-2030
- 5.3.Cooling Agent
- 5.3.1.Key market trends, growth factors, and opportunities
- 5.3.2.Market size and forecast, 2020-2030
- 5.4.Lubricant
- 5.4.1.Key market trends, growth factors, and opportunities
- 5.4.2.Market size and forecast, 2020-2030
- 5.5.Chemical Stabilizer
- 5.5.1.Key market trends, growth factors, and opportunities
- 5.5.2.Market size and forecast, 2020-2030
CHAPTER 6:GLOBAL TRANSFORMER OIL, BY APPLICATION
- 6.1.Overview
- 6.1.1.Market size and forecast, by Application
- 6.2.Residential
- 6.2.1.Key market trends, growth factors, and opportunities
- 6.2.2.Market size and forecast, 2020-2030
- 6.3.Commercial
- 6.3.1.Key market trends, growth factors, and opportunities
- 6.3.2.Market size and forecast, 2020-2030
- 6.4.Industrial
- 6.4.1.Key market trends, growth factors, and opportunities
- 6.4.2.Market size and forecast, 2020-2030
CHAPTER 7:GLOBAL TRANSFORMER OIL MARKET, BY END-USE
- 7.1.Overview
- 7.1.1.Market size and forecast, by end-use
- 7.2.Small Transformer
- 7.2.1.Key market trends, growth factors, and opportunities
- 7.2.2.Market size and forecast, 2020-2030
- 7.3.Large Transformer
- 7.3.1.Key market trends, growth factors, and opportunities
- 7.3.2.Market size and forecast, 2020-2030
- 7.4.Utility Transformers
- 7.4.1.Key market trends, growth factors, and opportunities
- 7.4.2.Market size and forecast, 2020-2030
- 7.5.Distribution Transformers
- 7.5.1.Key market trends, growth factors, and opportunities
- 7.5.2.Market size and forecast, 2020-2030
- 7.6.Power Transformers
- 7.6.1.Key market trends, growth factors, and opportunities
- 7.6.2.Market size and forecast, 2020-2030
- 7.7.Others
- 7.7.1.Key market trends, growth factors, and opportunities
- 7.7.2.Market size and forecast, 2020-2030
CHAPTER 8:GLOBAL TRANSFORMER OIL MARKET, BY REGION
- 8.1.Overview
- 8.1.1.Market size and forecast, by region
- 8.2.North America
- 8.2.1.Key market trends, growth factors, and opportunities
- 8.2.2.Market size and forecast, by Type
- 8.2.3.Market size and forecast, by Function
- 8.2.4.Market size and forecast, by Application
- 8.2.5.Market size and forecast, by End-use
- 8.2.6.Market size and forecast, by country
- 8.2.6.1.U.S.
- 8.2.6.1.1.Market size and forecast, by Type
- 8.2.6.1.2.Market size and forecast, by Function
- 8.2.6.1.3.Market size and forecast, by Application
- 8.2.6.1.4.Market size and forecast, by End-use
- 8.2.6.2.Canada
- 8.2.6.2.1.Market size and forecast, by Type
- 8.2.6.2.2.Market size and forecast, by Function
- 8.2.6.2.3.Market size and forecast, by Application
- 8.2.6.2.4.Market size and forecast, by End-use
- 8.2.6.3.Mexico
- 8.2.6.3.1.Market size and forecast, by Type
- 8.2.6.3.2.Market size and forecast, by Function
- 8.2.6.3.3.Market size and forecast, by Application
- 8.2.6.3.4.Market size and forecast, by End-use
- 8.3.Europe
- 8.3.1.Key market trends, growth factors, and opportunities
- 8.3.2.Market size and forecast, by Type
- 8.3.3.Market size and forecast, by Function
- 8.3.4.Market size and forecast, by Application
- 8.3.5.Market size and forecast, by End-use
- 8.3.6.Market size and forecast, by country
- 8.3.6.1.France
- 8.3.6.1.1.Market size and forecast, by Type
- 8.3.6.1.2.Market size and forecast, by Function
- 8.3.6.1.3.Market size and forecast, by Application
- 8.3.6.1.4.Market size and forecast, by End-use
- 8.3.6.2.Germany
- 8.3.6.2.1.Market size and forecast, by Type
- 8.3.6.2.2.Market size and forecast, by Function
- 8.3.6.2.3.Market size and forecast, by Application
- 8.3.6.2.4.Market size and forecast, by End-use
- 8.3.6.3.Italy
- 8.3.6.3.1.Market size and forecast, by Type
- 8.3.6.3.2.Market size and forecast, by Function
- 8.3.6.3.3.Market size and forecast, by Application
- 8.3.6.3.4.Market size and forecast, by End-use
- 8.3.6.4.Spain
- 8.3.6.4.1.Market size and forecast, by Type
- 8.3.6.4.2.Market size and forecast, by Function
- 8.3.6.4.3.Market size and forecast, by Application
- 8.3.6.4.4.Market size and forecast, by End-use
- 8.3.6.5.UK
- 8.3.6.5.1.Market size and forecast, by Type
- 8.3.6.5.2.Market size and forecast, by Function
- 8.3.6.5.3.Market size and forecast, by Application
- 8.3.6.5.4.Market size and forecast, by End-use
- 8.3.6.6.Rest of Europe
- 8.3.6.6.1.Market size and forecast, by Type
- 8.3.6.6.2.Market size and forecast, by Function
- 8.3.6.6.3.Market size and forecast, by Application
- 8.3.6.6.4.Market size and forecast, by End-use
- 8.4.Asia-Pacific
- 8.4.1.Key market trends, growth factors, and opportunities
- 8.4.2.Market size and forecast, by Type
- 8.4.3.Market size and forecast, by Function
- 8.4.4.Market size and forecast, by Application
- 8.4.5.Market size and forecast, by End-use
- 8.4.6.Market size and forecast, by country
- 8.4.6.1.China
- 8.4.6.1.1.Market size and forecast, by Type
- 8.4.6.1.2.Market size and forecast, by Function
- 8.4.6.1.3.Market size and forecast, by Application
- 8.4.6.1.4.Market size and forecast, by End-use
- 8.4.6.2.Japan
- 8.4.6.2.1.Market size and forecast, by Type
- 8.4.6.2.2.Market size and forecast, by Function
- 8.4.6.2.3.Market size and forecast, by Application
- 8.4.6.2.4.Market size and forecast, by End-use
- 8.4.6.3.India
- 8.4.6.3.1.Market size and forecast, by Type
- 8.4.6.3.2.Market size and forecast, by Function
- 8.4.6.3.3.Market size and forecast, by Application
- 8.4.6.3.4.Market size and forecast, by End-use
- 8.4.6.4.South Korea
- 8.4.6.4.1.Market size and forecast, by Type
- 8.4.6.4.2.Market size and forecast, by Function
- 8.4.6.4.3.Market size and forecast, by Application
- 8.4.6.4.4.Market size and forecast, by End-use
- 8.4.6.5.Australia
- 8.4.6.5.1.Market size and forecast, by Type
- 8.4.6.5.2.Market size and forecast, by Function
- 8.4.6.5.3.Market size and forecast, by Application
- 8.4.6.5.4.Market size and forecast, by End-use
- 8.4.6.6.Rest of Asia-Pacific
- 8.4.6.6.1.Market size and forecast, by Type
- 8.4.6.6.2.Market size and forecast, by Function
- 8.4.6.6.3.Market size and forecast, by Application
- 8.4.6.6.4.Market size and forecast, by End-use
- 8.5.LAMEA
- 8.5.1.Key market trends, growth factors, and opportunities
- 8.5.2.Market size and forecast, by Type
- 8.5.3.Market size and forecast, by Function
- 8.5.4.Market size and forecast, by Application
- 8.5.5.Market size and forecast, by End-use
- 8.5.6.Market size and forecast, by country
- 8.5.6.1.Brazil
- 8.5.6.1.1.Market size and forecast, by Type
- 8.5.6.1.2.Market size and forecast, by Function
- 8.5.6.1.3.Market size and forecast, by Application
- 8.5.6.1.4.Market size and forecast, by End-use
- 8.5.6.2.South Africa
- 8.5.6.2.1.Market size and forecast, by Type
- 8.5.6.2.2.Market size and forecast, by Function
- 8.5.6.2.3.Market size and forecast, by Application
- 8.5.6.2.4.Market size and forecast, by End-use
- 8.5.6.3.Saudi Arabia
- 8.5.6.3.1.Market size and forecast, by Type
- 8.5.6.3.2.Market size and forecast, by Function
- 8.5.6.3.3.Market size and forecast, by Application
- 8.5.6.3.4.Market size and forecast, by End-use
- 8.5.6.4.Rest of LAMEA
- 8.5.6.4.1.Market size and forecast, by Type
- 8.5.6.4.2.Market size and forecast, by Function
- 8.5.6.4.3.Market size and forecast, by Application
- 8.5.6.4.4.Market size and forecast, by End-use
CHAPTER 9:COMPETITIVE LANDSCAPE
- 9.1.Introduction
- 9.1.1.Market Player Positioning, 2019
- 9.2.Top winning strategies
- 9.2.1.Top winning strategies, by year
- 9.2.2.Top winning strategies, by development
- 9.2.3.Top winning strategies, by company
- 9.3.Product Mapping of Top 10 Player
- 9.4.Competitive Heatmap
- 9.5.Key developments
- 9.5.1.New product launches
- 9.5.2.Agreement
- 9.5.3.Partnerships
- 9.5.4.Acquisition
- 9.5.5.Business Expansions
CHAPTER 10:COMPANY PROFILES
- 10.1.Chevron Corporation
- 10.1.1.Company overview
- 10.1.2.Company snapshot
- 10.1.1.Key executives
- 10.1.2.Operating business segments
- 10.1.3.Product portfolio
- 10.1.4.Business performance
- 10.2.Exxon Mobil Corporation
- 10.2.1.Company overview
- 10.2.2.Company snapshot
- 10.2.3.Key executives
- 10.2.4.Operating business segments
- 10.2.5.Product portfolio
- 10.2.6.Business performance
- 10.3.Gulf Oil Lubricants India Limited
- 10.3.1.Company overview
- 10.3.2.Company snapshot
- 10.3.3.Key executives
- 10.3.4.Product portfolio
- 10.3.5.Business performance
- 10.4.Neste
- 10.4.1.Company overview
- 10.4.2.Company snapshot
- 10.4.3.Key executives
- 10.4.4.Operating business segments
- 10.4.5.Product portfolio
- 10.4.6.Business performance
- 10.4.7.Key strategic moves and developments
- 10.5.Petroliam Nasional Berhad (PETRONAS)
- 10.5.1.Company overview
- 10.5.2.Company snapshot
- 10.5.3.Key executives
- 10.5.4.Operating business segments
- 10.5.5.Product portfolio
- 10.5.6.Business performance
- 10.6.Repsol
- 10.6.1.Company overview
- 10.6.2.Company snapshot
- 10.6.3.Key executives
- 10.6.4.Operating business segments
- 10.6.5.Product portfolio
- 10.6.6.Business performance
- 10.6.7.Key strategic moves and developments
- 10.7.Royal Dutch Shell Plc
- 10.7.1.Company overview
- 10.7.2.Company snapshot
- 10.7.3.Key executives
- 10.7.4.Operating business segments
- 10.7.5.Product portfolio
- 10.7.6.Business performance
- 10.7.7.Key strategic moves and developments
- 10.8.Sinopec Group
- 10.8.1.Company overview
- 10.8.2.Company snapshot
- 10.8.3.Key executives
- 10.8.4.Operating business segments
- 10.8.5.Product portfolio
- 10.8.6.Business performance
- 10.9.Total SE
- 10.9.1.Company overview
- 10.9.2.Company Snapshot
- 10.9.3.Key executives
- 10.9.4.Operating business segments
- 10.9.5.Product portfolio
- 10.9.6.Business performance
- 10.10.Valvoline Inc.
- 10.10.1.Company overview
- 10.10.2.Company Snapshot
- 10.10.3.Key executives
- 10.10.4.Operating business segments
- 10.10.5.Product portfolio
- 10.10.6.Business performance