Global Transformer Oil Market: Size, Trends and Forecasts (2019-2023)

Scope of the Report

The report titled “Global Transformer Oil Market: Size, Trends and Forecasts (2019-2023)”, provides an in depth analysis of the global transformer oil market by value, by volume, by type, by application, by region, etc. The report also provides a regional analysis of the transformer oil market, including the following regions: Asia Pacific (China & Rest of Asia Pacific), North America (the US & Rest of North America), Europe (Germany & Rest of Europe) and ROW. The report also provides a detailed analysis of the US market by value and by type, and Germany market by value and by application.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global transformer oil market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global transformer oil market is highly dominated with few market players operating worldwide. Some transformer oil market players operating on a local level while other players operating on a regional and global level. The producers of transformer oil produce different types of transformer oil for different applications. Further, key players of the transformer oil market are Nynas AB, Ergon, Inc., PetroChina Company Limited, Apar industries Ltd. are also profiled with their financial information and respective business strategies.

Country Coverage

Asia Pacific
North America
Europe
ROW

Company Coverage

Nynas AB
Ergon, Inc.
PetroChina Company Limited
Apar Industries Ltd.

Executive Summary

Transformer oil, also known as insulating oil, is commonly used in transformers for its excellent electrical insulating properties and dielectric properties. The primary function of the transformer oil is to insulate and cool down the transformers. The transformer oil acts as a coolant agent to dissipate the heat of the transformers. Transformer oil is also used in high voltage switches, high voltage capacitors, and circuit breakers.

Transformer oil has an excellent properties that assist the transformers to reach their designed technical life. The transformer oil has high resistivity leading to better insulation between windings, high thermal stability facilitating a reduction in evaporation losses, excellent dielectric properties and ageing characteristics, stability at high temperatures and availability in a broad range of grades to meet every requirement.

For the proper maintenance of the transformer, it is also very important to check the quality and quantity of transformer oil. There are various tests available to evaluate the condition of the oil, which include routine tests, complimentary tests, and special investigative tests. The transformer oil market can be segmented on the basis of type (Mineral-based, Silicone-based and Bio-based) and application (Small Transformers, Large Transformers, Utility and Others).

The global transformer oil market has increased at a significant CAGR during the years 2015-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The transformer oil market is expected to increase due to the expansion of the transformer market, rising investment in the electrical transmission infrastructure, increasing demand for electricity, a growing number of smart grid distribution systems, surging energy demand, rising industrial activities, etc. Yet the market faces some challenges such as increasing adoption of dry-type transformers, high cost of transformer oil, wearing effects of sulfur in transformer oil, etc.

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Figure 1: Uses of Transformer Oil
Figure 2: Properties of Transformer Oil
Figure 3: Different Types of Transformer Oil Tests
Figure 4: Transformer Oil Segmentation by Type
Figure 5: Transformer Oil Segmentation by Application
Figure 6: Global Transformer Oil Market by Value; 2015-2018 (US$ Billion)
Figure 7: Global Transformer Oil Market by Value; 2019-2023(US$ Billion)
Figure 8: Global Transformer Oil Market by Volume; 2014-2018 (Billion Litres)
Figure 9: Global Transformer Oil Market by Volume; 2019-2023 (Billion Litres)
Figure 10: Global Transformer Oil Market by Type; 2018 (Percentage, %)
Figure 11: Global Transformer Oil Market by Application; 2018 (Percentage, %)
Figure 12: Global Transformer Oil Market by Region; 2018 (Percentage, %)
Figure 13: Global Mineral-based Transformer Oil Market by Value; 2016-2018 (US$ Billion)
Figure 14: Global Mineral-based Transformer Oil Market by Value; 2019-2023 (US$ Billion)
Figure 15: Global Naphthenic and Paraffinic Mineral-based Transformer Oil Market by Value; 2016-2023 (US$ Million)
Figure 16: Global Silicone-based Transformer Oil Market by Value; 2016-2018 (US$ Million)
Figure 17: Global Silicone-based Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 18: Global Bio-based Transformer Oil Market by Value; 2016-2018 (US$ Million)
Figure 19: Global Bio-based Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 20: Global Small Transformer Oil Market by Value; 2016-2018 (US$ Million)
Figure 21: Global Small Transformer Oil Market by Value; 2019-2023 (US$ Billion)
Figure 22: Global Large Transformer Oil Market by Value; 2016-2018 (US$ Million)
Figure 23: Global Large Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 24: Global Utilities Transformer Oil Market by Value; 2016-2018 (US$ Million)
Figure 25: Global Utilities Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 26: Global Others Transformer Oil Market by Value; 2016-2018 (US$ Million)
Figure 27: Global Others Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 28: Asia Pacific Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 29: Asia Pacific Transformer Oil Market by Value; 2019-2023 (US$ Billion)
Figure 30: Asia Pacific Transformer Oil Market by Region; 2018 (Percentage, %)
Figure 31: China Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 32: China Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 33: Rest of Asia Pacific Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 34: Rest of Asia Pacific Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 35: North America Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 36: North America Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 37: North America Transformer Oil Market by Type; 2018 (Percentage, %)
Figure 38: North America Mineral-based Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 39: North America Mineral-based Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 40: North America Other Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 41: North America Other Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 42: North America Transformer Oil Market by Region; 2018 (Percentage, %)
Figure 43: The US Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 44: The US Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 45: The US Transformer Oil Market by Type; 2018 (Percentage, %)
Figure 46: The US Mineral-based Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 47: The US Mineral-based Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 48: The US Silicone-based Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 49: The US Silicone-based Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 50: The US Bio-based Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 51: The US Bio-based Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 52: Rest of North America Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 53: Rest of North America Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 54: Europe Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 55: Europe Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 56: Europe Transformer Oil Market by Region; 2018 (Percentage, %)
Figure 57: Germany Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 58: Germany Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 59: Germany Transformer Oil Market by Application; 2018 (Percentage, %)
Figure 60: Germany Small Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 61: Germany Small Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 62: Germany Large Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 63: Germany Large Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 64: Germany Other Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 65: Germany Other Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 66: Rest of Europe Transformer Oil Market by Value; 2017-2018 (US$ Million)
Figure 67: Rest of Europe Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 68: ROW Transformer Oil Market by Value; 2015-2018 (US$ Million)
Figure 69: ROW Transformer Oil Market by Value; 2019-2023 (US$ Million)
Figure 70: Global Transformer Market by Value; 2017-2023 (US$ Billion)
Figure 71: The US Electrical Transmission Infrastructure Investment; 2012-2018 (US$ Billion)
Figure 72: Global Electricity Demand; 2015-2040 (Thousand TWh)
Figure 73: Global Smart Grid Market; 2016-2022 (US$ Billion)
Figure 74: Global Total Primary Energy Demand (TPED); 2015-2040 (MTOE)
Figure 75: Global Industrial Production by Region; 2015-2018 (Index)
Figure 76: Global Dry Transformers Market; 2017-2022 (US$ Billion)
Figure 77: Global Transformer Oil Players by Market Share; 2018 (Percentage, %)
Figure 78: Nynas AB Net Sales; 2013-2017 (US$ Billion)
Figure 79: Nynas AB Net Sales by Segments; 2017 (Percentage, %)
Figure 80: Nynas AB Net Sales by Region; 2017 (Percentage, %)
Figure 81: PetroChina Company Limited Revenue; 2013-2017 (US$ Billion)
Figure 82: PetroChina Company Limited Revenue by Segments; 2017 (Percentage, %)
Figure 83: PetroChina Company Limited Revenue by Region; 2017 (Percentage, %)
Figure 84: Apar Industries Ltd. Revenue; 2014-2018 (US$ Million)
Figure 85: Apar Industries Ltd. Revenue by Segments; 2018 (Percentage, %)
Figure 86: Apar Industries Ltd. Revenue by Region; 2018 (Percentage, %)
Table 1: Global Transformer Oil Market Players: A Financial Comparison; 2017/2018