変圧器オイル市場：タイプ、用途、エンドユーザー、地域別、2024年～2031年

変圧器オイル市場の評価、2024年～2031年

急速な都市化、工業化、電力システム開発の結果、特に新興諸国では電力に対するニーズが高まっています。各国政府が老朽化した電気インフラのアップグレードや再生可能エネルギー源の統合に取り組むなか、変圧器、ひいては変圧器オイルのニーズは高まり、2024年には27億5,000万米ドルを超え、2031年には41億2,000万米ドルに達します。

さらに、スマートグリッドへのトランスミッションと高圧送電網の拡大により、冷却と絶縁を向上させる変圧器オイルの需要が高まっています。再生可能エネルギーの統合に向けた動向や、電化プロジェクトに対する政府の投資は、2024年から2031年にかけて約5.20%のCAGRで成長すると予想されます。

変圧器オイル市場定義／概要

変圧器オイルは、変圧器やその他の電気機器の冷却、絶縁、アーク抑制に使用される特殊な絶縁流体です。熱を分散させ、部品間の電気絶縁を行うことで、変圧器の効率と寿命に大きく貢献します。トランス・オイルの主な用途には、電力変圧器、サーキット・ブレーカー、コンデンサーなどがあり、特にエネルギー・ユーティリティ分野で使用されています。将来の展望としては、世界の電力需要の増加、送電網の開拓、再生可能エネルギー・インフラへの支出の増加、環境に優しく生分解性のオイルへのシフトなどにより、市場の拡大が予測されます。

スマートグリッドへのシフトの高まりは変圧器オイル市場を牽引するか？

スマートグリッドに向けた動向の高まりは、変圧器オイル市場にとって極めて重要な促進要因です。この変化は、より効率的で、信頼性が高く、持続可能な配電網の必要性によって推進され、高性能変圧器オイルの需要を高めています。スマートグリッドは、変動する負荷に対応し、再生可能エネルギー源を取り入れることができる最新の変圧器と、高品質の変圧器オイルの使用を必要とします。国際エネルギー機関（IEA）によると、スマートグリッドへの世界投資は2023年に350億米ドルに達し、2022年から12％増加します。2024年3月、米国エネルギー省は、スマートグリッドへの取り組みを含む送電網高度化プロジェクトに35億米ドルを投資すると発表しました。

インドでは、電力省が国家スマートグリッドミッションを策定し、スマートグリッド構想を通じて国内の電力業界に革命を起こすことを目指しています。2023年9月、政府は2025年までに2億5,000万台以上のスマートメーターを設置する計画を発表しました。中国では、中国国家電網公司が28省をカバーし、11億人以上にサービスを提供する世界最大のスマートグリッドシステムを構築したと発表しました。

環境問題の高まりは変圧器オイル市場の成長を妨げるか？

環境問題の高まりは、変圧器オイル市場の成長の妨げになると予測されています。特に、従来の鉱物ベースの変圧器オイルが環境に与える影響が精査されているためです。原油から生成されるこれらのオイルは、流出したり不適切に廃棄された場合、土壌や水質を著しく汚染する可能性があるため、その使用と廃棄に関する政府の規制強化が求められています。これに対し、天然エステル由来の生分解性オイルなど、より持続可能な選択肢を好む傾向が高まっています。この移行は技術革新の可能性を生み出す一方で、環境にやさしい製品を生み出すための研究開発に従事しなければならない生産者にとっては、価格上昇をもたらします。

さらに、法律があまり厳しくない地域では、環境に優しい潤滑油の採用が遅れる可能性があり、市場全体の成長に影響を与えます。短期的な障害にもかかわらず、こうした制限に適応し、持続可能なソリューションを提供できる組織は、長期的にはかなりの市場シェアを獲得できるかもしれないです。

目次

第1章 変圧器オイル世界市場のイントロダクション

• 市場概要
• 調査範囲
• 前提条件

第2章 エグゼクティブサマリー

第3章 VERIFIED MARKET RESEARCHの調査手法

• データマイニング
• バリデーション
• 一次資料
• データソース一覧

第4章 変圧器オイルの世界市場展望

• 概要
• 市場力学
  • 促進要因
  • 抑制要因
  • 機会
• ポーターのファイブフォースモデル
• バリューチェーン分析

第5章 変圧器オイルの世界市場、タイプ別

• 概要
• バイオベース
• シリコーンオイル
• 鉱物油

第6章 変圧器オイルの世界市場：用途別

• 概要
• 配電用変圧器
• 電力用変圧器
• 計器用変圧器
• その他の変圧器

第7章 変圧器オイルの世界市場：最終用途別

• 概要
• トランスミッションと配電
• 発電
• 鉄道・メトロ
• その他

第8章 変圧器オイルの世界市場：地域別

• 概要
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • その他欧州
• アジア太平洋
  • 中国
  • 日本
  • インド
  • その他アジア太平洋地域
• 世界のその他の地域
  • ラテンアメリカ
  • 中東・アフリカ

第9章 世界の変圧器オイル市場の競合情勢

• 概要
• 各社の市場ランキング
• 主な開発戦略

第10章 企業プロファイル

• Nynas AB
• Ergon Inc.
• Petrochina Company Limited
• APAR Industries Limited
• Calumet Specialty Products Partners
• L.P.
• Sinopec Corporation
• Hydrodec Group PLC
• Cargill
• Incorporated

第11章 付録

• 関連調査

Transformer Oil Market Valuation - 2024-2031

The increasing need for electricity as a result of fast urbanization, industrialization, and power system development, particularly in emerging countries. As governments work to upgrade old electrical infrastructure and integrate renewable energy sources, the need for transformers and, by extension, transformer oil, grows surpassing USD 2.75 Billion in 2024 and reaching USD 4.12 Billion by 2031.

Furthermore, the transition to smart grids and the expansion of high-voltage transmission networks are increasing the demand for specialist transformer oils that improve cooling and insulation. The trend towards renewable energy integration, as well as government investments in electrification projects, is expected to grow at aCAGR of about 5.20% from 2024 to 2031.

Transformer Oil Market: Definition/ Overview

Transformer oil is a specialized insulating fluid that is used to cool, insulate, and suppress arcs in transformers and other electrical equipment. It contributes significantly to transformer efficiency and longevity by dispersing heat and providing electrical insulation between components. Transformer oil's principal applications include power transformers, circuit breakers, and capacitors, particularly in the energy and utility sectors. In terms of future scope, the market is predicted to expand due to rising worldwide electricity demand, power grid development, and increased expenditures in renewable energy infrastructure, as well as a shift toward eco-friendly and biodegradable oils.

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Will the Rising Shift toward Smart Grids Drive the Transformer Oil Market?

The growing trend towards smart grids is a crucial driver for the transformer oil market. This change is driven by the need for more efficient, dependable, and sustainable power distribution networks, which raises the demand for high-performing transformer oils. Smart grids necessitate the use of modern transformers capable of handling fluctuating loads and incorporating renewable energy sources, as well as high-quality transformer oils. According to the International Energy Agency (IEA), global investment in smart grids will reach USD 35 Billion in 2023, up 12% from 2022. In March 2024, The US Department of Energy announced a USD 3.5 Billion investment in grid upgrading projects, including smart grid initiatives.

In India, the Ministry of Power developed the National Smart Grid Mission, which aims to revolutionize the country's power industry through smart grid initiatives. In September 2023 the government announced plans to install more than 250 million smart meters by 2025. China, with the State Grid Corporation of China announcing that it had built the world's largest smart grid system, which covered 28 provinces and served over 1.1 billion people.

Will Rising Environmental Concerns Hinder the Growth of the Transformer Oil Market?

Rising environmental concerns are projected to pose a hindrance to the transformer oil market's growth, particularly as the environmental impact of traditional mineral-based transformer oils is scrutinized. These oils, which are generated from crude oil, can cause considerable soil and water contamination if spilled or incorrectly disposed of, prompting stronger government rules on their use and disposal. In response, there is a rising preference for more sustainable options, such as biodegradable oils derived from natural esters. While this transition creates potential for innovation, it also raises prices for producers who must engage in R&D to generate environmentally friendly products.

Furthermore, adoption of environmentally friendly lubricants may be slower in areas with less rigorous laws, impacting total market growth. Despite the short-term obstacles, organizations that can adapt to these restrictions and provide sustainable solutions may grab a considerable market share in the long run.

Category-Wise Acumens

Will Rising Demand for Mineral Oil Drive the Transformer Oil Market?

The rising demand for mineral oil is driving the transformer oil market, as mineral oil is still the most extensively used insulating and cooling fluid for transformers, owing to its low cost and long-standing reliability. Its widespread application in power transformers, distribution transformers, and other electrical equipment is critical to ensuring electrical efficiency. Despite growing environmental concerns, mineral oil's ubiquitous infrastructure and lower cost continue to drive demand, particularly in regions with developing power grids. For instance, in March 2024, Shell announced an expansion in its production of mineral-based transformer oils to fulfill increased worldwide demand, notably from emerging regions in Asia and Africa with fast expanding power infrastructure.

However, environmental groups and governments are putting increasing pressure on businesses to adopt more sustainable practices. In February 2024, the European Union suggested stronger restrictions for the use of conventional mineral oils, with an emphasis on decreasing environmental concerns such as soil pollution from oil spills. This has pushed companies such as Nynas to expand their research into biodegradable and environmentally friendly oils as part of their product line.

However, bio-based oils are the fastest-growing segment, driven by increased environmental concerns and severe laws that need eco-friendly alternatives. Bio-based oils provide biodegradable, non-toxic solutions that reduce environmental concerns, making them increasingly attractive in both developed and developing countries, particularly in programs promoting sustainability and green energy integration.

Will Rising Sales of Distribution Transformers Drive the Transformer Oil Market?

Rising distribution transformer sales are considerably boosting the transformer oil market, owing to increased demand for power in both urban and rural areas. As countries invest in developing their electrical infrastructure to satisfy their populations' growing energy demands, the use of distribution transformers becomes increasingly important. These transformers serve an important role in scaling down high voltage electricity for local distribution, making them necessary for residential and commercial power supplies.

For instance, in January 2024, Siemens Energy announced plans to enhance distribution transformer production capacity in response to rising demand in emerging areas, particularly Asia and Africa, where electrification initiatives are growing. This growth in distribution transformer sales is directly proportional to the increased demand for transformer oil, as these devices require significant volumes for cooling and insulating.

However, distribution transformers are the fastest-growing market, driven by increased urbanization, rural electrification programs, and the expansion of electricity infrastructure in developing countries. As worldwide power demand rises, particularly in residential and commercial sectors, the demand for distribution transformers and, by extension, transformer oil, increases significantly.

Country/Region-wise Acumens

Will Rising Investments in Modernization in Grids in North America Drive the Transformer Oil Market?

The growing trend towards smart grids is a crucial driver for the transformer oil market. This change is driven by the need for more efficient, dependable, and sustainable power distribution networks, which raises the demand for high-performing transformer oils. Smart grids necessitate the use of modern transformers capable of handling fluctuating loads and incorporating renewable energy sources, as well as high-quality transformer oils. According to the International Energy Agency (IEA), global investment in smart grids will reach USD 35 Billion in 2023, up 12% from 2022. In March 2024, The US Department of Energy announced a USD 3.5 Billion investment in grid upgrading projects, including smart grid initiatives. The push for smart grid adoption is causing an increase in demand for transformer oils.

For instance, in April 2023, ExxonMobil said that it would expand its transformer oil production facility in Port Allen, Louisiana, by 25% to satisfy rising demand. Furthermore, In July 2023, the American Society for Testing and Materials (ASTM) modified its transformer oil standards introducing new parameters to meet the changing needs of current grid systems. These developments highlight the direct relationship between grid modernization investments and the growth of the transformer oil business in North America.

Will Rapid Urbanization in Asia-Pacific Propel the Transformer Oil Market?

Rapid urbanization in Asia-Pacific drives the transformer oil market due to increased demand for dependable electrical infrastructure. As cities and populations develop, power generation, distribution, and transmission become increasingly important. Transformer oils, which are required for the proper operation of transformers, are critical in reducing dangers such as overheating and electrical arcing. The increase in urban construction projects, such as residential, commercial, and industrial developments, directly drives transformer installations.

In August 2023, the Indian government announced the "National Electricity Policy," which aims to enhance the country's transmission and distribution networks, which are critical for metropolitan regions. This project calls for further renewable energy integration, as well as the use of high-quality transformer oils to ensure efficiency and longevity.

Competitive Landscape

The competitive landscape of the transformer oil market is characterized by intense competition driven by increasing demand for energy infrastructure, industrialization, and the expansion of power grids worldwide. Companies are focusing on innovation, offering environmentally friendly alternatives like biodegradable and high-performance oils. There is also a trend toward strategic partnerships and mergers to expand product portfolios and geographical reach. Additionally, firms are investing in research and development to enhance oil performance for transformers, ensuring greater efficiency and longer service life, while navigating regulatory pressures around environmental sustainability and safety standards.

Some of the prominent players operating in the transformer oil market include:

Sinopec Lubricant Company

Valvoline

Cargill, Inc.

Ergon International, Inc.

PetroChina Lubricant Company

Apar Industries Ltd.

Engen Petroleum Ltd.

Hydrodec Group plc

Calumet Specialty Products

Nynas AB

Savita Oil Technologies

Chevron Corporation

Gandhar Oil

Sasol

Hydrax Oil

Exxon Mobil Corporation

Royal Dutch Shell

Latest Developments

In May 2023, Chevron introduced better transformer oil products with higher viscosity and reduced environmental effects. The company's dedication to sustainability is consistent with worldwide trends toward lowering carbon emissions, allowing it to compete in areas dominated by green technologies.

In April 2023, ExxonMobil increased its transformer oil product portfolio by providing biodegradable choices in response to rising demand for environmentally friendly solutions in the energy sector. This project complements the company's strategy of innovating in response to regulatory challenges and customer desires for environmentally friendly products.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL TRANSFORMER OIL MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL TRANSFORMER OIL MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL TRANSFORMER OIL MARKET, BY TYPE

• 5.1 Overview
• 5.2 Bio Based
• 5.3 Silicone Oil
• 5.4 Mineral Oil

6 GLOBAL TRANSFORMER OIL MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Distribution Transformers
• 6.3 Power Transformers
• 6.4 Instrument Transformers
• 6.5 Other Transformers

7 GLOBAL TRANSFORMER OIL MARKET, BY END USE

• 7.1 Overview
• 7.2 Transmission & Distribution
• 7.3 Power Generation
• 7.4 Railways & Metros
• 7.5 Others

8 GLOBAL TRANSFORMER OIL MARKET, BY GEOGRAPHY

• 8.1 Overview
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 U.K.
  • 8.3.3 France
  • 8.3.4 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.5 Rest of the World
  • 8.5.1 Latin America
  • 8.5.2 Middle East And Africa

9 GLOBAL TRANSFORMER OIL MARKET COMPETITIVE LANDSCAPE

• 9.1 Overview
• 9.2 Company Market Ranking
• 9.3 Key Development Strategies

10 COMPANY PROFILES

• 10.1 Nynas AB
  • 10.1.1 Overview
  • 10.1.2 Financial Performance
  • 10.1.3 Product Outlook
  • 10.1.4 Key Developments
• 10.2 Ergon Inc.
  • 10.2.1 Overview
  • 10.2.2 Financial Performance
  • 10.2.3 Product Outlook
  • 10.2.4 Key Developments
• 10.3 Petrochina Company Limited
  • 10.3.1 Overview
  • 10.3.2 Financial Performance
  • 10.3.3 Product Outlook
  • 10.3.4 Key Developments
• 10.4 APAR Industries Limited
  • 10.4.1 Overview
  • 10.4.2 Financial Performance
  • 10.4.3 Product Outlook
  • 10.4.4 Key Developments
• 10.5 Calumet Specialty Products Partners
  • 10.5.1 Overview
  • 10.5.2 Financial Performance
  • 10.5.3 Product Outlook
  • 10.5.4 Key Developments
• 10.6 L.P.
  • 10.6.1 Overview
  • 10.6.2 Financial Performance
  • 10.6.3 Product Outlook
  • 10.6.4 Key Developments
• 10.7 Sinopec Corporation
  • 10.7.1 Overview
  • 10.7.2 Financial Performance
  • 10.7.3 Product Outlook
  • 10.7.4 Key Developments
• 10.8 Hydrodec Group PLC
  • 10.8.1 Overview
  • 10.8.2 Financial Performance
  • 10.8.3 Product Outlook
  • 10.8.4 Key Developments
• 10.9 Cargill
  • 10.9.1 Overview
  • 10.9.2 Financial Performance
  • 10.9.3 Product Outlook
  • 10.9.4 Key Developments
• 10.10 Incorporated
  • 10.10.1 Overview
  • 10.10.2 Financial Performance
  • 10.10.3 Product Outlook
  • 10.10.4 Key Developments

11 Appendix

• 11.1 Related Research