Dry Type Transformer Market worth 5.38 Billion USD by 2020 Transformer Oil Market worth $2.79 Billion by 2020

Transformer Oil Market worth $2.79 Billion by 2020
The report "Transformer Oil Market by Type (Mineral- Naphthenic and Paraffinic), by Application
(Small transformers, Large Transformers, Utility & Others), & Region (Asia-Pacific, North America,
Europe, ROW) - Global Trends & Forecasts to 2020", defines and segments the transformer oil market
with analysis and forecast of the global volume and revenue. Global transformer oil market is expected to
grow from $1.98 Billion in 2015 to $2.79 Billion by 2020 at a CAGR of 7.14% from 2015 to 2020. Mineral
oil-based transformer oil is expected to occupy the major share as compared to silicone and bio-based
transformer oils for the next five years.
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In 2015, Asia-Pacific is estimated to be the largest market for transformer oils and would remain the top
consumer till the year 2020. Extensive demand for electricity especially in China and India is driving the
expansion of electric networks increasing the installation and upgrade of transformers in turn increasing the
demand for transformer oil. The growing transmission and distribution network across globe is key drivers
for transformer oil market growth. Significant T&D expansion projects are ongoing in Asia-Pacific which
is expected to be the biggest and the fastest growing market for transformer oil.
Mineral oil based transformer oil: Most used transformer oil across the globe
Naphthenic and paraffinic mineral based transformer oils are the most consumed globally. However, this
dominance is likely to reduce in the longer run due to the growing acceptance of bio-based transformer oils.
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Small transformers: Major application segment for transformer oils
Small transformers (below 5 MVA) are distribution transformers, which form an important part of a power
generation and distribution system are the largest consumers of transformer oil. Increased capacity additions
including distributed energy projects are set to drive this market.
The report covers global transformer oil market in terms of consumption (thousand liters) and revenue
($million) across regions such as Asia-Pacific, Europe, North America, and ROW. It explains qualitative
and quantitative aspects of transformer oil types such as mineral oil – naphthenic & paraffinic, silicone, and
bio-based transformer oils. The report also explains the transformer oil market by geography and types, and
consumption trends from 2013 to 2020. However, the scope of the report is limited to analysis, estimations,
and forecast about transformer oil market based on their types, geography, and applications.
The report also includes an analysis of the value chain, Porters’ five forces analysis, the competitive
landscape, and company profiles of 10 key players.
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