Transformer Oil Market Segmentation, Application, Trends, Op...| MENAFN.COM

Friday, 20 May 2022 08:06 GMT

Transformer Oil Market Segmentation, Application, Trends, Opportunity and Forecast 2021 to 2030


(MENAFN- America News Hour)

In a recently published report, Transformer Oil Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Transformer Oil Market products.

Request For The Sample Report Here: 

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Transformer Oil Market is valued approximately at USD 2.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2020-2026. Transformer Oil is an oil that is stable at high temperature and a superlative insulator for electricity and used in applications such as power and distribution transformers. It is a derivative of mineral oils, acts as a cooling agent to reduce the raising temperature and also acts as a medium for transferring the heat in an electric transformer.

Rising electricity requirements due to increasing population has resulted in an increase in investments for the expansion of the existing power grids as well as for the construction of new power infrastructure in developed and developing countries. upgradation of electric grids in developing countries along with the expansion of electric grids due to growing industrialization and urbanization are key factor accelerating the market growth. Furthermore, expanding energy demand and growing installation of power grids is likely to create significant growth opportunity in the market over the forecast period. For instance, as per the International Energy Agency, the demand the electricity demand in the Unites States is estimated to grow from 4 thousand TWh in 2019 to 5 thousand TWh (TeraWatt Hour)) by 2040. Similarly, the electricity demand from China is expected to reach 11 thousand TWh by 2040 from 7 thousand TWh in 2019. However, Easy contamination of transformer oil impedes the growth of the market over the forecast period of 2020-2026.
 
Request For The Sample Report Here: 

The regional analysis of global Transformer Oil market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to modernization of the existing transformers and technical upgradation coupled with declining crude oil prices in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as growing power requirements, along with the upgradation of the aging electrical infrastructure would create lucrative growth prospects for the Transformer Oil market across Asia-Pacific region.
Major market player included in this report are:
 Nynas AB
 Ergon International
 Petrochina Company Limited
 Apar Industries
Sinopec Lubricant
 Calumet Speciality Products
 Hydrodec Group
 Cargill, Incorporated
ExxonMobil
 Engen Petroleum Limited


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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Mineral
Silicone
Bio-based


By Application:
Transformer
Switchgear
Reactor


By End-user:
Transmission and Distribution
 Power Generation
Railways & Metros
Others


 By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Transformer Oil Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Click Here to Download Sample Report >>

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Transformer Oil Market, by Region, 2018-2026 (USD Billion)
1.2.2. Transformer Oil Market, by Type, 2018-2026 (USD Billion)
1.2.3. Transformer Oil Market, by Application, 2018-2026 (USD Billion)
1.2.4. Transformer Oil Market, by End-user, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Transformer Oil Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Transformer Oil Market Dynamics
3.1. Transformer Oil Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Transformer 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
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Transformer Oil Market, by Type
5.1. Market Snapshot
5.2. Global Transformer Oil Market by Type, Performance – Potential Analysis
5.3. Global Transformer Oil Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. Transformer Oil Market, Sub Segment Analysis
5.4.1. Mineral
5.4.2. Silicone
5.4.3. Bio-based
About Kenneth Research:
Kenneth Research is a reselling agency which focuses on multi-client market research database. The primary goal of the agency is to help industry professionals including various individuals and organizations gain an extra edge of competitiveness and help them identify the market trends and scope. The quality reports provided by the agency aims to make decision making easier for industry professionals and take firm decisions which helps them to form strategies after complete assessment of the market. Some of the industries under focus include healthcare & pharmaceuticals, ICT & Telecom, automotive and transportation, energy and power, chemicals, FMCG, food and beverages, aerospace and defense and others. Kenneth Research also focuses on strategic business consultancy services and offers a single platform for the best industry market research reports.

MENAFN21012022004545010068ID1103573564


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.