HOME › Research Insight › The recent technological developments, globally, in the transformer oil market have been very encouraging
The recent technological developments, globally, in the transformer oil market have been very encouraging
The growth of the transformer oil market is directly proportional to the energy demand and industrialization activities across the globe. Bio-based transformer oil is being used in large number of transformers mainly in the North America due to its excellent insulation and biodegradable nature. The market observed a good rate of adoption of bio-based transformer oil due to these aspects in the recent five years; this trend is likely to continue globally and is further expected to increase. The recent technological developments, globally, in the transformer oil market have been very encouraging.
The leading transformer oil companies are focusing to expand their production capacities to meet up the growing demand. The global transformer market continues to witness numerous strategic developments being carried out by major manufacturers such as Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina (China), Calumet Specialty Products Partners (U.S.), and San Joaquin Refin ing Co. Inc. (U.S.). These companies together occupy a huge global market share, and also have been the most active companies in terms of strategic developments. The Nynas AB (Sweden) and Ergon Inc. (U.S.) in particular, are the fore front leading players in the industry.
Transformer Oil Market by Types (Mineral Oil – Naphthenic & Paraffinic, Silicone, and Bio-based), Applications (Small & Large Transformers, Utility) & Geography – Global Industry Trends & Forecast to 2018
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