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
[137 Pages Report] Global transformer oil market growth is driven by the increasing electric demand in developing economies such as India, Brazil, and South Africa, which are expected to enhance their grid infrastructure to increase the electricity accessibility to the regions population. In addition, rapidly increasing demands from various application industries and regions are generating several exciting markets opportunities for transformer oil.
The report has been segmented on the basis of application, type, and region as follows:-
- On the basis of type: The report considers different types of transformer oil such as the emerging bio-based transformer oil, silicone-based transformer oil, and major type mineral based transformer oil including both naphthenic based and paraffinic based transformer oil.
- On the basis of application: Under this segmentation, the report considers various applications such as small transformers, large transformers, utility and others.
- On the basis of region: The regions analyzed in the report include Asia-Pacific, North America, Europe, and the Rest of the world. Developing regions such as Asia-Pacific and South America find a lucrative market for transformer oil manufacturers.
Technological upgrade of the old grid infrastructure, new smart grid installations and replacement of ageing transformers mainly in North America and Europe are the major drivers behind the growth of transformer oil industry.
The report caters to transformer oil manufacturers, dealers, and suppliers, material providers, consulting companies in the energy and power sector, government and research organizations, government utility providers, private utility providers, private customers, network operators, smart grid players, venture capital firms, and investment banks. Transformer oil has witnessed growth in developing economies such as Asia-Pacific, South America and Africa, which are improving and enhancing their grid infrastructure to increase their electrification rate. These drivers are expected to push the transformer oil market size from USD 1.98 Billion in 2015 to USD 2.79 Billion by 2020 with a CAGR of 7.14% from 2015 to 2020 . The report provides insights about the major players of the market and the growth strategies adopted by them. The leading players of the market such as Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina (China), Calumet Specialty Products Partners (U.S.), and San Joaquin Refining Co. Inc. (U.S.) among others have been profiled in this report.
The market was dominated by Asia-Pacific with a share of about 45% in 2015. It is also expected to be a fast growing market at a CAGR of 8.5% from 2015 to 2020. However, increasing adoption of dry type transformers can hamper the growth of the market.
The report also offers the following customizations:
- Detailed analysis and profiling of additional market players (Up to 5).
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of the Europe Transformer Oil Industry
- Further breakdown of the North American Transformer Oil Industry into United States, Canada and Mexico
Company Information
- Detailed analysis and profiling of additional market players (Upto 5).
Transformer Oil market: USD 2.79 Billion market 2020 with a projected CAGR of 7.1% from 2015 to 2020.
Increasing demand for the dry type transformers and the corrosive effect of sulfur present in transformer oil are major restraints for the transformer oil. 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 industry 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 market.
Small transformer is the largest application segment of the market. With national governments ramping up power generation capabilities, the demand for transformer oil is expected to increase. The increasing demand from OEMs, coupled with expansion of electric grids in BRICS nations is expected to drive the global market.
Mineral-based transformer oil is the most widely used transformer oil having occupied the largest industry share in 2014. However, the demand of bio-based transformer oil is expected to increase in the near future due to environmental benefits and superior operational advantages.
Asia-Pacific currently dominates the transformer oil industry. It held the largest market share in 2014 owing to its increasing power requirements and expansion of electric grids. Major players in the market include Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina Company Limited (China), Apar Industries Limited (India), and Calumet Specialty Products Partners, L.P. (U.S.).
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definitions
1.3 Market Scope
1.3.1 Markets Covered (Sub-Segments Including GEO Segmentation)
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Package Size
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions
2.4.1 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 30)
4.1 Asia-Pacific: The Largest Market During the Forecast Period
4.2 Market Size, By Type, 2020 (000 Liters)
4.3 Transformer Oil is Used Extensively in Small Transformers
4.4 North America Transformer Oil Industry
4.5 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 By Type
5.2.1 Mineral Transformer Oil
5.2.2 Silicone Transformer Oil
5.2.3 Bio-Based Transformer Oil
5.3 Transformer Oil, By Standards
5.3.1 American Society for Testing and Minerals (ASTM)
5.3.2 International Electrotechnical Commission (IEC)
5.3.3 British Standards (BS)
5.3.4 Canadian Standards Association (CSA)
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 New Investments in the Power Sector in South Asia & Africa
5.4.1.2 Upgrade of Electric Grids in North America
5.4.1.3 Expansion of Electric Grids in Brics Nations
5.4.1.4 Increasing Demand From Oems
5.4.2 Restraints
5.4.2.1 Increasing Demand for Dry Type Transformers
5.4.2.2 Corrosive Effect of Sulfur Present in Transformer Oil
5.4.3 Opportunities
5.4.3.1 Rising Power Requirement in Asia-Pacific & Africa
5.4.3.2 Upcoming Power Projects in Brazil, India, China, & Russia
5.4.3.3 Increasing Demand of Bio-Based Transformer Oil
5.4.4 Challenges
5.4.4.1 Volatile Crude Oil Prices
5.4.5 Supply Chain Analysis
5.5 Porters Five Forces Analysis
5.5.1 Threat of New Entrants
5.5.2 Threat of Substitutes
5.5.3 Bargaining Power of Suppliers
5.5.4 Bargaining Power of Buyers
5.5.5 Intensity of Competitive Rivalry
6 Transformer Oil, By Type (Page No. - 48)
6.1 Introduction
6.2 Market Analysis By Type
6.2.1 Mineral Oil-Based
6.2.1.1 Naphthenic Mineral Oil-Based
6.2.1.2 Paraffinic Mineral Oil-Based
6.2.2 Silicone-Based
6.2.3 Bio-Based Oil
7 Transformer Oil Market, By Application (Page No. - 57)
7.1 Introduction
7.2 By Application
7.2.1 Small Transformers: Highest Consuming Application Segment
7.3 Transformer Oil Applications
7.3.1 Small Transformers
7.3.2 Large Transformers
7.3.3 Utility
7.3.4 Others
8 Transformer Oil, By Region (Page No. - 62)
8.1 Introduction
8.2 Regional Analysis
8.3 Transformer Oil: Prominent Regional Industry
8.4 Asia-Pacific
8.4.1 Asia-Pacific: Biggest Market for Transformer Oils
8.4.2 China
8.4.3 India
8.4.4 Japan
8.4.5 Rest of Asia-Pacific
8.5 North America
8.5.1 North America: Potential Market for Bio-Based Dielectric Fluids
8.5.2 U.S.
8.5.3 Mexico
8.5.4 Canada
8.5.5 By Type
8.6 Europe
8.6.1 Russia
8.6.2 Germany
8.6.3 France
8.6.4 U.K.
8.6.5 Rest of Europe
8.6.6 By Type
8.7 Rest of the World
8.7.1 Brazil
8.7.2 Saudi Arabia
8.7.3 Argentina
8.7.4 South Africa
8.7.5 Others
8.7.6 By Type
9 Competitive Landscape (Page No. - 93)
9.1 Overview
9.2 Market Share Analysis, 2014
9.3 Competitive Situation & Trends
9.4 Expansions
9.5 Contracts & Agreements
9.6 Mergers & Acquisitions
9.7 Others
9.8 New Product Developments
10 Company Profiles (Page No. - 102)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
10.1 Introduction
10.2 Nynas AB
10.3 Ergon Inc.
10.4 Petrochina Company Limited
10.5 APAR Industries Limited
10.6 Calumet Specialty Products Partners, L.P.
10.7 Sinopec Corporation
10.8 Hydrodec Group PLC
10.9 Cargill, Incorporated
10.10 Engen Petroleum Limited
10.11 Valvoline
10.12 San Joaquin Refining Co., Inc.
10.13 Gandhar Oil Refinery India Limited
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 131)
11.1 Insights of Industry Experts
11.2 Other Developments, 2011-2015
11.3 Discussion Guide
11.4 Introducing RT: Real Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
List of Tables (72 Tables)
Table 1 Transformer Oil Break-Down Voltages
Table 2 Cumulative Energy Supply Investment, 2012 (USD Billion)
Table 3 Installed Capacity in Brics Nations
Table 4 Market Size, By Type, 20132020 ('000 Liters)
Table 5 Market Size, By Type, 20132020 (USD Million)
Table 6 Mineral Oil-Based: Market Size, By Region, 20132020 ('000 Liters)
Table 7 Mineral Oil-Based: Market Size, By Region, 20132020 (USD Million)
Table 8 Naphthenic Mineral Oil-Based: Market Size, By Region, 20132020 ('000 Liters)
Table 9 Naphthenic Mineral Oil-Based: Market Size, By Region, 20132020 (USD Million)
Table 10 Paraffinic Mineral Oil-Based: Market Size, By Region, 20132020 ('000 Liters)
Table 11 Paraffinic Mineral Oil-Based: Market Size, By Region, 20132020 (USD Million)
Table 12 Silicone-Based: Market Size, By Region, 20132020 ('000 Liters)
Table 13 Silicone-Based: Market Size, By Region, 20132020 (USD Million)
Table 14 Bio-Based: Market Size, By Region, 20132020 ('000 Liters)
Table 15 Bio-Based: Market Size, By Region, 20132020 (USD Million)
Table 16 Market Size, By Application, 20132020 (000 Liters)
Table 17 Market Size, By Application, 20132020 (USD Million)
Table 18 Market Size, By Region, 20132020 (000 Liters)
Table 19 Market Size, By Region, 20132020 (USD Million)
Table 20 Asia-Pacific: By Market Size, By Country, 20132020 (000 Liters)
Table 21 Asia-Pacific: By Market Size, By Country, 20132020 (USD Million)
Table 22 China: By Market Size, By Type, 20132020 (000 Liters)
Table 23 China: By Market Size, By Type, 20132020 (USD Million)
Table 24 India: By Market Size, By Type, 20132020 (000 Liters)
Table 25 India: By Market Size, By Type, 20132020 (USD Million)
Table 26 Japan: By Market Size, By Type, 20132020 (000 Liters)
Table 27 Japan: By Market Size, By Type, 20132020 (USD Million)
Table 28 Rest of Asia-Pacific: By Market, By Type, 20132020 (000 Liters)
Table 29 Rest of Asia-Pacific: By Market Size, By Type, 20132020 (USD Million)
Table 30 North America: By Market Share, By Country, 20132020 (000 Liters)
Table 31 North America: By Market Size, By Country, 20132020 (USD Million)
Table 32 U.S.: By Market Size, By Type, 20132020 (000 Liters)
Table 33 U.S.: By Market Size, By Type, 20132020 (USD Million)
Table 34 Mexico: By Market Size, By Type, 20132020 (000 Liters)
Table 35 Mexico: By Market Size, By Type, 20132020 (USD Million)
Table 36 Canada: By Market Size, By Type, 20132020 (000 Liters)
Table 37 Canada: By Market Size, By Type, 20132020 (USD Million)
Table 38 North America: By Market Size, By Type, 20132020 (000 Liters)
Table 39 North America: By Market Size, By Type, 20132020 (USD Million)
Table 40 Europe: By Market Size, By Country, 20132020 (000 Liters)
Table 41 Europe: By Market Size, By Country, 20132020 (USD Million)
Table 42 Russia: By Market Size, By Type, 20132020 (000 Liters)
Table 43 Russia: By Market Size, By Type, 20132020 (USD Million)
Table 44 Germany: By Market Size, By Type, 20132020 (000 Liters)
Table 45 Germany: By Market Size , By Type, 20132020 (USD Million)
Table 46 France: By Market Size, By Type, 20132020 (000 Liters)
Table 47 France: By Market Size, By Type, 20132020 (USD Million)
Table 48 U.K.: By Market Size, By Type, 20132020 (000 Liters)
Table 49 U.K.: By Market Size, By Type, 20132020 (USD Million)
Table 50 Rest of Europe: By Market Size, By Type, 20132020 (000 Liters)
Table 51 Rest of Europe: By Market Size, By Type, 20132020 (USD Million)
Table 52 Europe: By Market Size, By Type, 20132020 (000 Liters)
Table 53 Europe: By Market Size, By Type, 20132020 (USD Million)
Table 54 RoW: By Market Share, By Country, 20132020 ('000 Liters)
Table 55 RoW: By Market Size, By Country, 20132020 (USD Million)
Table 56 Brazil: By Market Size, By Type, 20132020 ('000 Liters)
Table 57 Brazil: By Market Size, By Type, 20132020 (USD Million)
Table 58 Saudi Arabia: Market Size, By Type, 20132020 ('000 Liters)
Table 59 Saudi Arabia: Market Size , By Type, 20132020 (USD Million)
Table 60 Argentina: Market Size, By Type, 20132020 ('000 Liters)
Table 61 Argentina: Market Size , By Type, 20132020 (USD Million)
Table 62 South Africa: Market Size, By Type, 20132020 ('000 Liters)
Table 63 South Africa: Market Size, By Type, 20132020 (USD Million)
Table 64 Others: Market Size, By Type, 20132020 ('000 Liters)
Table 65 Others: Market Size , By Type, 20132020 (USD Million)
Table 66 Rest of the World: Market Size, By Type, 20132020 ('000 Liters)
Table 67 Rest of the World: Market Size , By Type, 20132020 (USD Million)
Table 68 Expansion, 2015
Table 69 Contracts & Agreements, 20142015
Table 70 Mergers & Acquisitions, 2013-2015
Table 71 Others, 20142015
Table 72 New Product Developments, 2011
List of Figures (42 Figures)
Figure 1 Markets Covered: Industry
Figure 2 Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown & Data Triangulation
Figure 7 Assumptions
Figure 8 Limitations
Figure 9 Market Size Snapshot, 2015 vs 2020 (USD Million) Period
Figure 10 Market Share (Value), By Type, 2015 & 2020
Figure 11 Market Size, By Application, 2015-2020 (000 Litres)
Figure 12 Market Share (Value), 2014*
Figure 13 The Chinese Market is Projected to Grow at the Highest Cagr During the Forecast Period
Figure 14 Attractive Opportunities in the Transformer Oil Industry (USD Million)
Figure 15 Market Share (Volume), By Region, 2015-2020
Figure 16 Asia-Pacific to Continue Dominating the Market in the During the Forecast Period
Figure 17 Use of Transformer Oil in Utility Application Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 18 U.S. Transformer Oil Accounted for the Largest Share in the North America in 2014
Figure 19 Asia-Pacific Market is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 20 Market Segmentation: Transformer Oils
Figure 21 Expansion of Electric Grids is Driving the Transformer Oil Industry
Figure 22 Transformer Oil: Supply Chain Analysis
Figure 23 Porters Five Forces Analysis: Transformer Oil
Figure 24 Market Size, By Region & Type, 20132020 (000 Liters)
Figure 25 Market Size (Value), By Application, 2015 vs 2020
Figure 26 Asia-Pacific is Expected to Continue to Dominate the Market Share (By Value), By Region, 2015 vs 2020
Figure 27 Brics Nations are Expected to Be Prominent Regional Markets in 2015
Figure 28 Europe: Market Share (By Value), By Country, 2015
Figure 29 Companies Adopted Contracts & Agreements as the Key Growth Strategy (2011-2015)
Figure 30 Nynas AB Accounted for A Major Share in the Transformer Oil, 2014
Figure 31 Market Evaluation Framework
Figure 32 Battle for Market Share: Expansions is the Key Strategy
Figure 33 Regional Revenue Mix of Top 5 Market Players
Figure 34 Nynas AB: Company Snapshot
Figure 35 Ergon Inc.: Company Snapshot
Figure 36 Petrochina Company Limited: Company Snapshot
Figure 37 APAR Industries Limited: Company Snapshot
Figure 38 Calumet Specialty Products Partners, L.P.: Company Snapshot
Figure 39 Sinopec Corporation: Company Snapshot
Figure 40 Hydrodec Group PLC: Company Snapshot
Figure 41 Cargill, Incorporated: Company Snapshot
Figure 42 Valvoline: Company Snapshot
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