Global Turbine Drip Oil Market Size study & Forecast, by Type by Application, by Industry Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Turbine Drip Oil Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Turbine Drip Oil is a type of lubricating oil specifically formulated for use in steam turbines. Steam turbines are machines that convert thermal energy from steam into mechanical energy to generate electricity or perform other types of work. Turbine Drip Oil is designed to provide lubrication and cooling for the bearings and other rotating components within a steam turbine. These components operate at high speeds and temperatures, and proper lubrication is crucial to ensure smooth operation and prevent excessive wear and tear. The Turbine Drip Oil market is expanding because of factors such as surging utilization in aerospace sector and flourishing growth of the automotive industry..

The aerospace industry uses turbine oil extensively for aircraft gas turbine engines as a lubricant, as well as for propulsion systems, bearings, and other components. It is made up of base oil, oxidation inhibitors, corrosion inhibitors, defoamants, demulsifiers, and other additives. The desire for fuel-efficient and lightweight aircraft, as well as rising income levels, are all contributing to the aerospace industry's rapid expansion. For instance, Boeing estimates that by the year 2038, the airline industry will need more than 44,000 new commercial aeroplanes, costing US$6.8 trillion. The Aerospace and Defence Industries Association of Europe states that the military aeronautics industry in Europe have generated USD 47.4 billion in revenue in 2020, up from USD 45 billion in 2019. The use of turbine oil in aviation gas turbine engines, gear, bearings, and other components is increasing as a result of the booming aerospace output and growth potential, which in turn is boosting demand and propelling the turbine oil sector. In addition, increased environmental awareness and rising the demand for mineral-based lubricants is creating lucrative opportunity to the market. However, rise in operational and maintenance costs stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Turbine Drip Oil Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players and rising aerospace industry as well as rising technological advancement in the region. Asia Pacific is expected to grow significantly during the forecast period owing to factors such as rising oil and gas industry, rising aerospace industry and rising automotive industry in the region.

Major market players included in this report are:

Chevron UsA Inc.
Exxon Mobil Corporation
Shell India
Penrite Oil Company
Paras Lubricants Limited
FUSCH Lubritech GmbH
Lukoil Lubricants Company
RoyalDutch Shell Plc.
Eastern Petroleum Pvt. Ltd.
Eastman Chemical Corporation

Recent Developments in the Market:

In March 2020, EXXONMOBIL in collaboration with GE announced the launch of ADVANCED CO-BRANDED TURBINE OIL. This new technology can help operators reduce energy consumption, and, thus, the cost to produce power. The turbine oil is designed for use in multi-shaft 7HA, 9HA, 6FA.01, and 7FA GE turbines, with approval for use by GE.

Global Turbine Drip Oil Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Traditional Grade
Premium Grade

By Application:

Lubrication
Machine Oil
Others

By Industry Vertical:

Water Utility
Oil & Gas
Energy & Power
Automotive
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Turbine Drip Oil Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Turbine Drip Oil Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Turbine Drip Oil Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Turbine Drip Oil Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Turbine Drip Oil Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Turbine Drip Oil Market Dynamics

3.1. Turbine Drip Oil Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Surging Utilization in Aerospace Sector
  - 3.1.1.2. Flourishing Growth of the Automotive Industry
- 3.1.2. Market Challenges
  - 3.1.2.1. Rise in Operational and Maintenance Costs
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increased environmental awareness
  - 3.1.3.2. Rising demand for mineral-based lubricants

Chapter 4. Global Turbine Drip Oil Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Turbine Drip Oil Market, by Type

5.1. Market Snapshot
5.2. Global Turbine Drip Oil Market by Type, Performance - Potential Analysis
5.3. Global Turbine Drip Oil Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Turbine Drip Oil Market, Sub Segment Analysis
- 5.4.1. Traditional Grade
- 5.4.2. Premium Grade

Chapter 6. Global Turbine Drip Oil Market, by Application

6.1. Market Snapshot
6.2. Global Turbine Drip Oil Market by Application, Performance - Potential Analysis
6.3. Global Turbine Drip Oil Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Turbine Drip Oil Market, Sub Segment Analysis
- 6.4.1. Lubrication
- 6.4.2. Machine Oil
- 6.4.3. Others

Chapter 7. Global Turbine Drip Oil Market, by Industry Vertical

7.1. Market Snapshot
7.2. Global Turbine Drip Oil Market by Industry Vertical, Performance - Potential Analysis
7.3. Global Turbine Drip Oil Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
7.4. Turbine Drip Oil Market, Sub Segment Analysis
- 7.4.1. Water Utility
- 7.4.2. Oil & Gas
- 7.4.3. Energy & Power
- 7.4.4. Automotive
- 7.4.5. Others

Chapter 8. Global Turbine Drip Oil Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Turbine Drip Oil Market, Regional Market Snapshot
8.4. North America Turbine Drip Oil Market
- 8.4.1. U.S. Turbine Drip Oil Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Turbine Drip Oil Market
8.5. Europe Turbine Drip Oil Market Snapshot
- 8.5.1. U.K. Turbine Drip Oil Market
- 8.5.2. Germany Turbine Drip Oil Market
- 8.5.3. France Turbine Drip Oil Market
- 8.5.4. Spain Turbine Drip Oil Market
- 8.5.5. Italy Turbine Drip Oil Market
- 8.5.6. Rest of Europe Turbine Drip Oil Market
8.6. Asia-Pacific Turbine Drip Oil Market Snapshot
- 8.6.1. China Turbine Drip Oil Market
- 8.6.2. India Turbine Drip Oil Market
- 8.6.3. Japan Turbine Drip Oil Market
- 8.6.4. Australia Turbine Drip Oil Market
- 8.6.5. South Korea Turbine Drip Oil Market
- 8.6.6. Rest of Asia Pacific Turbine Drip Oil Market
8.7. Latin America Turbine Drip Oil Market Snapshot
- 8.7.1. Brazil Turbine Drip Oil Market
- 8.7.2. Mexico Turbine Drip Oil Market
8.8. Middle East & Africa Turbine Drip Oil Market
- 8.8.1. Saudi Arabia Turbine Drip Oil Market
- 8.8.2. South Africa Turbine Drip Oil Market
- 8.8.3. Rest of Middle East & Africa Turbine Drip Oil Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Chevron UsA Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Exxon Mobil Corporation
- 9.3.3. Shell India
- 9.3.4. Penrite Oil Company
- 9.3.5. Paras Lubricants Limited
- 9.3.6. FUSCH Lubritech GmbH
- 9.3.7. Lukoil Lubricants Company
- 9.3.8. RoyalDutch Shell Plc.
- 9.3.9. Eastern Petroleum Pvt. Ltd.
- 9.3.10. Eastman Chemical Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Turbine Drip Oil Market, report scope
TABLE 2. Global Turbine Drip Oil Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Turbine Drip Oil Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Turbine Drip Oil Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Turbine Drip Oil Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 7. Global Turbine Drip Oil Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Turbine Drip Oil Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Turbine Drip Oil Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Turbine Drip Oil Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Turbine Drip Oil Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Turbine Drip Oil Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Turbine Drip Oil Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Turbine Drip Oil Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Turbine Drip Oil Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Turbine Drip Oil Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Turbine Drip Oil Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Turbine Drip Oil Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Turbine Drip Oil Market
TABLE 72. List of primary sources, used in the study of global Turbine Drip Oil Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Turbine Drip Oil Market, research methodology
FIG 2. Global Turbine Drip Oil Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Turbine Drip Oil Market, key trends 2022
FIG 5. Global Turbine Drip Oil Market, growth prospects 2023-2030
FIG 6. Global Turbine Drip Oil Market, porters 5 force model
FIG 7. Global Turbine Drip Oil Market, pest analysis
FIG 8. Global Turbine Drip Oil Market, value chain analysis
FIG 9. Global Turbine Drip Oil Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Turbine Drip Oil Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Turbine Drip Oil Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Turbine Drip Oil Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Turbine Drip Oil Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Turbine Drip Oil Market, regional snapshot 2020 & 2030
FIG 15. North America Turbine Drip Oil Market 2020 & 2030 (USD Billion)
FIG 16. Europe Turbine Drip Oil Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Turbine Drip Oil Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Turbine Drip Oil Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Turbine Drip Oil Market 2020 & 2030 (USD Billion)