Global Transformer Oil Market
owing to the growing demand for power across the world , along with improvements in efficient power distribution . The need to expand infrastructure in the power sector is especially high in emerging economies including China and India , which is expected to increase the distribution of oil-filled transformers in the near future , boosting the global transformer oils market significantly ,” adds the analyst .
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Over the given forecast period , the continuous renovation and repairs in the existing power sector infrastructure is also expected to spur the demand for transformer oil . However , the emergence of smart transformers and dry transformers may limit the growth of this market in the years to come , notes the research study .
Power Transformer Usage to Rise
Power transformers are expected to show a significant upswing in usage , ramping up their demand for transformer oils in the years to come . Other application areas , such as switchgears , circuit boards , and high voltage capacitors are expected to hold a much smaller share in the global transformer oil market . As for the type of oils , the demand for mineral oil is higher and trend is expected to remain so over the next few years . However , the demand for bio-based oil is likely to increase at a significant rate in the near future .
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TABLE OF CONTENT
1 . Preface 1.1 . Report Scope and Market Segmentation 1.2 . Research Highlights
2 . Assumptions and Research Methodology 2.1 . Assumptions and Acronyms Used 2.2 . Research Methodology
3 . Executive Summary 4 . Market Overview
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