Ozone Market Reports projects that the Transformer Oil market size will grow from USD 2.33 Billion in 2017 to USD 3.65 Billion by 2023, at an estimated CAGR of 7.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increasing demand for the dry type transformers and the corrosive effect of sulfur present in transformer oil are major restraints for the transformer oil market. To counter the economic slump in European countries, transformer oil manufacturers are trying to expand their geographic presence and market penetration in other regions through the launch of new and advanced products and technologies. The transformer oil market has exhibited steady growth over the last few years because of its increasing application in small transformers, large transformers, and utilities in emerging economies such as China and India. National utility companies across the world continue to invest in their power grids in order to meet the increasing demand of end-users giving scope for transformer oil market.
By Market Players:
Nynas AB , Ergon Inc. , Petrochina Company Limited , APAR Industries Limited , Calumet Specialty Products Partners, L.P. , Sinopec Corporation , Hydrodec Group PLC , Cargill, Incorporated , Engen Petroleum Limited , Valvoline , San Joaquin Refining Co., Inc. , Gandhar Oil Refinery India Limited, , , , , , , ,
Mineral- Naphthenic, Paraffinic, , ,
Small transformers, Large Transformers, Utility, Others,
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
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