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Transformer Oil Market Estimated to Reach a Value US$ 3.26 Billion by 2024

May 16th 2019 at 12:23 AM

The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Transformer Oil Market Estimated to Reach a Value US$ 3.26 Billion by 2024”. The fact-based research report on the global Transformer Oil market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

Transformer oil is an oil used in oil filled transformers for insulation purposes. It is also used as a coolant and to prevent arcing and corona discharges in a transformer. The report provides in-depth analysis and forecast of the transformer oil market on the global as well as on regional level. It further includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the transformer oil industry, from raw material suppliers to end-users.

Various processes employed in the manufacture of transformer oil have been included in the value chain analysis. Porter’s five forces model has been included to determine the degree of competition in the market during the forecast period. Furthermore, market attractiveness analysis has been conducted to analyze application segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each application segment.

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The global transformer oil market is anticipated to register revenue valued at US$3.26 bn by 2024 end. The growth is prophesized to occur at a promising CAGR of 5.70% during the assessment period from 2016 to 2024. Transformer oil is required for repairing and renovating the existing power sector infrastructure. The market is mainly segmented on the basis of product type, application, and region.

The report includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global transformer oil market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various product type and application segments based on demand for transformer oil in each geographical segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

Detailed analysis of various factors driving the global transformer oil market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the transformer oil market during the forecast period.

The global transformer oil market is divided on the basis of product type as mineral oil, silicone based and bio based transformer oil. The mineral oil segment is further classified into naphthenic oil and paraffinic oil. Based on application type, the transformer oil market has been segmented into power transformers, distribution transformers and others application segment.

In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for transformer oil in each application segment type has been analyzed and forecast for a period of eight years. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn).

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The report also comprises profiles of leading companies in the transformer oil market. These include Nynas AB, Sinopec Corp., ExxonMobil Corp., Royal Dutch Shell Plc, Cargill Incorporated, Apar Industries Ltd., Gulf Oil Middle East Ltd., and Ergon Inc. among others. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

This report segments the global transformer oil market as follows:

By Product

Mineral Oil

Naphthenic Oil

Paraffinic Oil

Silicone based

Bio based

By Application

Power Transformers

Distribution Transformers

Others

By Region

North America

U.S.

Canada

Europe

U.K.

Italy

Spain

France

Germany

Rest of Europe

Asia Pacific

China

Japan & Korea

India

ASEAN

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa (MEA)

GCC

South Africa

Rest of MEA

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