Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1405006
PUBLISHER: Grand View Research | PRODUCT CODE: 1405006
Transformer Oil Market Size, Share & Trends Analysis Report By Product (Mineral-based, Silicone-based), By Rating, By End-use (Utilities, Industrial), By Region, And Segment Forecasts, 2024 - 2030
PUBLISHED:
PAGES: 119 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Transformer Oil Market Growth & Trends:
The global transformer oil market size is expected to reach USD 6.12 billion by 2030, registering a CAGR of 12.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is driven by the high utilization of transformer oil in the power generation sector along with an increase in demand for electric grids in emerging economies.
The product is used to insulate high-voltage electrical transformers. It is developed to operate at very high temperatures. Transformer oil surrounds the windings and the core of transformers to prevent their wiring and cellulose-based insulation from corroding and oxidizing.
Recent market expansion is driven by technological development and rising R&D activities by key industry players. For instance, Cargill received an award from the U.S. Environmental Protection Agency, for developing transformer oil through natural esters. Market players are also focusing on manufacturing bio-based products to dominate the market.
Crude oil is the major raw material utilized for manufacturing transformer oil. Key industry participants involved in the production of this raw material are Saudi Aramco, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Shell Plc., and others. Some of the leading market players such as Exxon Mobil Corporation, China Petroleum & Chemical Corporation, and others are integrated across the value chain to produce crude oil, base oil, and transformer oil which increases their profitability margin.
Transformer Oil Market Report Highlights:
- By product, the bio-based segment is expected to register the fastest CAGR of 14.8% over the forecast period in terms of revenue due to growing regulations that are focused on reducing carbon emissions and increasing energy conservation
- By end-use, the residential segment is expected to register the fastest CAGR of 12.7% in terms of revenue over the forecast period owing to the growing population across the globe leading to an increase in the residential sector
- Asia Pacific is expected to register the fastest CAGR of 13.8% in terms of revenue over the forecast period owing to rapid industrialization in rural areas and investments by foreign bodies in the developing economies
- There is a significant demand for silicone-based products because of their capacity to extinguish themselves, making them acceptable for high-risk areas with possible fire threats. Due to their durability and lack of major maintenance requirements, silicones also contribute to longer transformer life
- In developing countries, the replacement of outdated transformers with new ones and technological advancements are anticipated to create numerous attractive job opportunities
- The U.S. Environmental Protection Agency, the Electricity & Cogeneration Regulatory Authority, and other federal agencies have adopted strict restrictions surrounding energy waste, and this has fueled demand for oil to reduce emissions and electricity waste.
Product Code: GVR-1-68038-799-5
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information Analysis
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
- 1.6.1 Research Scope And Assumptions
- 1.6.2 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Transformer Oil Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Trends
- 3.2.2 Manufacturing/Technology Trends
- 3.2.3 Sales Channel Analysis
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Influencing Prices
- 3.4 Regulatory Framework
- 3.5 Impact Of COVID-19 Pandemic
- 3.6 Impact Of Eastern European Geopolitical Conflict
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Ongoing Rapid Electrification Of Rural Areas
- 3.7.1.2 Increasing Investments In the Power Sector
- 3.7.2 Market Restraint Impact Analysis
- 3.7.2.1 Volatile Raw Material Prices
- 3.7.3 Market Challenges Analysis
- 3.7.4 Market Opportunity Analysis
- 3.7.1 Market Driver Analysis
- 3.8 Business Environment Analysis
- 3.8.1 Industry Analysis - Porter
- 3.8.2 PESTEL Analysis
Chapter 4 Transformer Oil Market: Suppliers Portfolio Analysis
- 4.1 List Of Key Raw Material Suppliers
- 4.2 Portfolio Analysis/Kraljic Matrix Of Transformer Oil Market
- 4.3 Engagement Model
- 4.4 Negotiation Strategies
- 4.5 Sourcing Best Practices
Chapter 5 Transformer Oil Market: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Mineral-Based Oils
- 5.1.1.1 Mineral-Based Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 5.1.2 Silicone-Based Oils
- 5.1.2.1 Silicon-Based Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 5.1.3 Bio-Based Oils
- 5.1.3.1 Bio-Based Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 5.1.1 Mineral-Based Oils
Chapter 6 Transformer Oil Market: Rating Estimates & Trend Analysis
- 6.1 Rating Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 <100 MVA
- 6.1.1.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, By <100 MVA, 2018 - 2030 (Kilotons) (USD Billion)
- 6.1.2 100 MVA To 500 MVA
- 6.1.2.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, By 100 MVA To 500 MVA, 2018 - 2030 (Kilotons) (USD Billion)
- 6.1.3 501 MVA To 800 MVA
- 6.1.3.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, By 501 MVA To 800 MVA, 2018 - 2030 (Kilotons) (USD Billion)
- 6.1.4 >800 MVA
- 6.1.4.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, By >800 MVA, 2018 - 2030 (Kilotons) (USD Billion)
- 6.1.1 <100 MVA
Chapter 7 Transformer Oil Market: End-Use Estimates & Trend Analysis
- 7.1 End-Use Movement Analysis & Market Share, 2023 & 2030
- 7.1.1 Utilities
- 7.1.1.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, In Utilities, 2018 - 2030 (Kilotons) (USD Billion)
- 7.1.2 Industrial
- 7.1.2.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, In Industrial, 2018 - 2030 (Kilotons) (USD Billion)
- 7.1.3 Residential
- 7.1.3.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, In Residential, 2018 - 2030 (Kilotons) (USD Billion)
- 7.1.4 Commercial
- 7.1.4.1 Transformer Oil Market Estimates & Forecast And Trend Analysis, IN Commercial, 2018 - 2030 (Kilotons) (USD Billion)
- 7.1.1 Utilities
Chapter 8 Transformer Oil Market: Regional Estimates & Trend Analysis
- 8.1 Transformer Oil Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.2.2 U.S.
- 8.2.2.1 Key Country Dynamics
- 8.2.2.1.1 U.S. Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.2.3 Canada
- 8.2.3.1 Key Country Dynamics
- 8.2.3.1.1 Canada Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.2.4 Mexico
- 8.2.4.1 Key Country Dynamics
- 8.2.4.1.1 Mexico Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.3 Europe
- 8.3.1 Europe Transformer Oil Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 8.3.2 Germany
- 8.3.2.1 Key Country Dynamics
- 8.3.2.1.1 Germany Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.3.3 UK
- 8.3.3.1 Key Country Dynamics
- 8.3.3.1.1 UK Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.3.4 France
- 8.3.4.1 Key Country Dynamics
- 8.3.4.1.1 France Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.3.5 Italy
- 8.3.5.1 Key Country Dynamics
- 8.3.5.1.1 Italy Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.3.6 Russia
- 8.3.6.1 Key Country Dynamics
- 8.3.6.1.1 Russia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Transformer Oil Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4.2 China
- 8.4.2.1 Key Country Dynamics
- 8.4.2.1.1 China Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4.3 India
- 8.4.3.1 Key Country Dynamics
- 8.4.3.1.1 India Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4.4 Japan
- 8.4.4.1 Key Country Dynamics
- 8.4.4.1.1 Japan Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4.5 South Korea
- 8.4.5.1 Key Country Dynamics
- 8.4.5.1.1 South Korea Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4.6 Australia
- 8.4.6.1 Key Country Dynamics
- 8.4.6.1.1 Australia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.4.7 Indonesia
- 8.4.7.1 Key Country Dynamics
- 8.4.7.1.1 Indonesia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.5 Central & South America
- 8.5.1 Central & South America Transformer Oil Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 8.5.2 Brazil
- 8.5.2.1 Key Country Dynamics
- 8.5.2.1.1 Brazil Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.5.3 Argentina
- 8.5.3.1 Key Country Dynamics
- 8.5.3.1.1 Argentina Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Transformer Oil Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- 8.6.2 Saudi Arabia
- 8.6.2.1 Key Country Dynamics
- 8.6.2.1.1 Saudi Arabia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.6.3 South Africa
- 8.6.3.1 Key Country Dynamics
- 8.6.3.1.1 South Africa Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 8.6.4 Turkey
- 8.6.4.1 Key Country Dynamics
- 8.6.4.1.1 Turkey Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Chapter 9 Transformer Oil Market - Competitive Landscape
- 9.1 Company Listing
- 9.1.1 China Petroleum & Chemical Corporation
- 9.1.2 Cargill Inc.
- 9.1.3 Shell Plc.
- 9.1.4 Nynas AB
- 9.1.5 Ergon, Inc.
- 9.1.6 Engen Petroleum Ltd.
- 9.2 Financial Performance
- 9.3 Product Benchmarking
- 9.4 Company Categorization
- 9.5 Company Market Positioning Analysis, 2023
- 9.6 Vendor Landscape
- 9.7 List Of Key Distributors & Channel Partners
- 9.8 List Of End-Users
- 9.9 Company Heat Map Analysis
- 9.10 Key Strategy Mapping
- 9.10.1 Partnerships
- 9.10.2 Product Launches
- 9.10.3 Innovations
Product Code: GVR-1-68038-799-5
List of Tables
- Table 1 List of Key Raw Material Suppliers
- Table 2 U.S. macro-economic outlay
- Table 3 Canada macro-economic outlay
- Table 4 Mexico macro-economic outlay
- Table 5 Germany macro-economic outlay
- Table 6 UK macro-economic outlay
- Table 7 France macro-economic outlay
- Table 8 Italy macro-economic outlay
- Table 9 Russia macro-economic outlay
- Table 10 China macro-economic outlay
- Table 11 India macro-economic outlay
- Table 12 Japan macro-economic outlay
- Table 13 South Korea macro-economic outlay
- Table 14 Australia macro-economic outlay
- Table 15 Indonesia macro-economic outlay
- Table 16 Brazil macro-economic outlay
- Table 17 Argentina macro-economic outlay
- Table 18 Saudi Arabia macro-economic outlay
- Table 19 South Africa macro-economic outlay
- Table 20 Turkey macro-economic outlay
- Table 21 Company Listing
- Table 22 Financial Performance
- Table 23 Product Benchmarking
- Table 24 List of Key Distributors & Channel Partners
- Table 25 List of End-Users
- Table 26 Company Heat Map Analysis
- Table 27 Key Companies Involved in Partnerships
- Table 28 Key Companies Undertaking Product Launches
- Table 29 Key Companies Undertaking Innovations
List of Figures
- Fig. 1 Transformer Oil Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Transformer Oil Market Snapshot
- Fig. 7 Transformer Oil Market Segment Snapshot, 2023 (USD Billion)
- Fig. 8 Transformer Oil Market: Competitive Landscape Snapshot
- Fig. 9 Industrial Lubricants Market Revenue, 2023 (USD Billion)
- Fig. 10 Transformer Oil Value Chain Analysis
- Fig. 11 Average Crude Oil Prices, 2015 - 2022 (USD/Barrel)
- Fig. 12 Global Transformer Oil Prices, 2018 - 2030 (USD/Kg)
- Fig. 13 Transformer Oil Market: Value Chain Analysis
- Fig. 14 Number Of People Without Access To Electricity, By Region, 2022 (Billion)
- Fig. 15 Energy - Efficiency Investments, 2015 - 2021 (USD Billion)
- Fig. 16 Average Crude Oil Prices, 2015 - 2022 (USD/Barrel)
- Fig. 17 Porter's Analysis
- Fig. 18 Pestel Analysis
- Fig. 19 Portfolio Analysis/Kraljic Matrix
- Fig. 20 Transformer Oil Market Estimate & Forecast And Trend Analysis, By Product, Key Takeaways
- Fig. 21 Transformer Oil Market Estimates & Forecast And Trend Analysis, By Product, Market Share 2023 & 2030
- Fig. 22 Mineral - Based Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 23 Silicon - Based Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 24 Bio - Based Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 25 Transformer Oil Market Estimate & Forecast And Trend Analysis, By Rating, Key Takeaways
- Fig. 26 Transformer Oil Market Estimates & Forecast And Trend Analysis, By Rating, Market Share 2023 & 2030
- Fig. 27 Transformer Oil Market Estimates & Forecast And Trend Analysis, By <100 Mva, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 28 Transformer Oil Market Estimates & Forecast And Trend Analysis, By 100 Mva To 500 Mva, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 29 Transformer Oil Market Estimates & Forecast And Trend Analysis, By 501 Mva To 800 Mva, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 30 Transformer Oil Market Estimates & Forecast And Trend Analysis, By >800 Mva, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 31 Transformer Oil Market Estimate & Forecast And Trend Analysis, By End - Use, Key Takeaways
- Fig. 32 Transformer Oil Market Estimates & Forecast And Trend Analysis, By End - Use, Market Share 2023 & 2030
- Fig. 33 Transformer Oil Market Estimates & Forecast And Trend Analysis, In Utilities, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 34 Transformer Oil Market Estimates & Forecast And Trend Analysis, By Industrial, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 35 Transformer Oil Market Estimates & Forecast And Trend Analysis, In Residential, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 36 Transformer Oil Market Estimates & Forecast And Trend Analysis, In Commercial, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 37 Transformer Oil Market Revenue, By Region, 2023 & 2030 (USD Billion)
- Fig. 38 North America Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 39 U.S. Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 40 Canada Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 41 Mexico Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 42 Europe Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 43 Germany Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 44 UK Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 45 France Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 46 Italy Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 47 Russia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 48 Asia Pacific Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 49 China Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 50 India Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 51 Japan Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 52 South Korea Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 53 Australia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 54 Indonesia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 55 Central & South America Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 56 Brazil Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 57 Argentina Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 58 Middle East & Africa Transformer Oil Market Estimates & Forecast And Trend Analysis, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 59 Saudi Arabia Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 60 South Africa Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 61 Turkey Transformer Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- Fig. 62 Company Categorization
- Fig. 63 Company Market Positioning Analysis, 2023
- Fig. 64 Key Strategy Mapping
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.