United States Transformer Oil Market Report and Forecast 2025-2034
Description
The United States transformer oil market size was valued at USD 482.77 Million in 2024. The market is further projected to grow at a CAGR of 6.10% between 2025 and 2034, reaching a value of USD 872.76 Million by 2034.
One prominent trend in the transformer oil market in United States is the increasing adoption of ester-based transformer oils as they have higher fire resistance, better oxidation stability, and environmental friendliness compared to traditional mineral-based oils. This shift towards ester-based oils is driven by the growing emphasis on safety, environmental regulations, and the need for more efficient transformer operation. One prominent example is the increasing adoption of ester-based transformer oils by leading transformer manufacturers, such as ABB, Siemens, and General Electric.
Another notable trend is the rising demand for sustainable and bio-based transformer oils in the U.S. market. With increasing environmental awareness and regulations promoting eco-friendly solutions, there is a growing preference for transformer oils derived from renewable sources. A notable example is the development of bio-based transformer oils by companies such as Cargill, which launched its Bio-Therm line of vegetable-based transformer oils, offering advantages such as biodegradability, lower toxicity, and reduced environmental impact.
The United States transformer oil market growth can further be ascribed to technological innovations and smart grid integration. Advanced monitoring systems, IoT-enabled sensors, and predictive maintenance technologies are being integrated into transformer operations to enhance efficiency, reliability, and performance. Smart grid integration allows for real-time monitoring, remote diagnostics, and proactive maintenance, optimising transformer lifespan and reducing downtime. Companies like GridBridge and Survalent Technology have developed advanced monitoring systems.
Moreover, with the increasing demand for electricity, ageing grid infrastructure, and the transition towards renewable energy sources, there is a growing need for modernising the grid and upgrading transformer systems. A significant example is the USD 3.5 billion investment by the U.S. Department of Energy in the ‘Grid Modernisation Initiative.’
Market Segmentation
United States Transformer Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Mineral Oil_x000D_ _x000D_ Paraffinic _x000D_ Naphthenic _x000D_ _x000D_
Mineral Oil_x000D_ _x000D_ Paraffinic _x000D_ Naphthenic _x000D_ _x000D_
Silicone-Based Oil
Bio-Based Oil
Market Breakup by Application
Transformer
Switchgear
Circuit Breaker
Others
Market Breakup by End Use
Power Generation
Transmission
Railways and Metros
Others
Market Breakup by Region
New England
Mideast
Great Lakes
Plains
Southeast
Southwest
Rocky Mountain
Far West
Competitive Landscape
Market players are focusing on developing biodegradable transformer oils to align with environmental regulations and sustainability goals.
Shell Plc
Exxon Mobil Corporation
Chevron Corp.
Philips 66 Company
Castrol Limited
Petro-Canada Lubricants LLC
Calumet Specialty Products Partners, L.P.
San Joaquin Refining Co. Inc.
Ergon, Inc.
Cross Oil Refining & Marketing, Inc.
Sunoco Lubricants
Others
One prominent trend in the transformer oil market in United States is the increasing adoption of ester-based transformer oils as they have higher fire resistance, better oxidation stability, and environmental friendliness compared to traditional mineral-based oils. This shift towards ester-based oils is driven by the growing emphasis on safety, environmental regulations, and the need for more efficient transformer operation. One prominent example is the increasing adoption of ester-based transformer oils by leading transformer manufacturers, such as ABB, Siemens, and General Electric.
Another notable trend is the rising demand for sustainable and bio-based transformer oils in the U.S. market. With increasing environmental awareness and regulations promoting eco-friendly solutions, there is a growing preference for transformer oils derived from renewable sources. A notable example is the development of bio-based transformer oils by companies such as Cargill, which launched its Bio-Therm line of vegetable-based transformer oils, offering advantages such as biodegradability, lower toxicity, and reduced environmental impact.
The United States transformer oil market growth can further be ascribed to technological innovations and smart grid integration. Advanced monitoring systems, IoT-enabled sensors, and predictive maintenance technologies are being integrated into transformer operations to enhance efficiency, reliability, and performance. Smart grid integration allows for real-time monitoring, remote diagnostics, and proactive maintenance, optimising transformer lifespan and reducing downtime. Companies like GridBridge and Survalent Technology have developed advanced monitoring systems.
Moreover, with the increasing demand for electricity, ageing grid infrastructure, and the transition towards renewable energy sources, there is a growing need for modernising the grid and upgrading transformer systems. A significant example is the USD 3.5 billion investment by the U.S. Department of Energy in the ‘Grid Modernisation Initiative.’
Market Segmentation
United States Transformer Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Mineral Oil_x000D_ _x000D_ Paraffinic _x000D_ Naphthenic _x000D_ _x000D_
Mineral Oil_x000D_ _x000D_ Paraffinic _x000D_ Naphthenic _x000D_ _x000D_
Silicone-Based Oil
Bio-Based Oil
Market Breakup by Application
Transformer
Switchgear
Circuit Breaker
Others
Market Breakup by End Use
Power Generation
Transmission
Railways and Metros
Others
Market Breakup by Region
New England
Mideast
Great Lakes
Plains
Southeast
Southwest
Rocky Mountain
Far West
Competitive Landscape
Market players are focusing on developing biodegradable transformer oils to align with environmental regulations and sustainability goals.
Shell Plc
Exxon Mobil Corporation
Chevron Corp.
Philips 66 Company
Castrol Limited
Petro-Canada Lubricants LLC
Calumet Specialty Products Partners, L.P.
San Joaquin Refining Co. Inc.
Ergon, Inc.
Cross Oil Refining & Marketing, Inc.
Sunoco Lubricants
Others
Table of Contents
110 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 North America Transformer Oil Market Overview
- 5.1 Key Industry Highlights
- 5.2 North America Transformer Oil Historical Market (2018-2024)
- 5.3 North America Transformer Oil Market Forecast (2025-2034)
- 6 United States Transformer Oil Market Overview
- 6.1 Key Industry Highlights
- 6.2 United States Transformer Oil Historical Market (2018-2024)
- 6.3 United States Transformer Oil Market Forecast (2025-2034)
- 7 United States Transformer Oil Market by Type
- 7.1 Mineral Oil
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 Paraffinic
- 7.1.3.2 Naphthenic
- 7.2 Silicone-Based Oil
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Bio-Based Oil
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 United States Transformer Oil Market by Application
- 8.1 Transformer
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Switchgear
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Circuit Breaker
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 United States Transformer Oil Market by End Use
- 9.1 Power Generation
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Transmission
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Railways and Metros
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 United States Transformer Oil Market by Region
- 10.1 New England
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Mideast
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Great Lakes
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Plains
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Southeast
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Southwest
- 10.6.1 Historical Trend (2018-2024)
- 10.6.2 Forecast Trend (2025-2034)
- 10.7 Rocky Mountain
- 10.7.1 Historical Trend (2018-2024)
- 10.7.2 Forecast Trend (2025-2034)
- 10.8 Far West
- 10.8.1 Historical Trend (2018-2024)
- 10.8.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Shell Plc
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Exxon Mobil Corporation
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Chevron Corp.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Philips 66 Company
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Castrol Limited
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Petro?Canada Lubricants LLC
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Calumet Specialty Products Partners, L.P.
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 San Joaquin Refining Co. Inc.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Ergon, Inc.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Cross Oil Refining & Marketing, Inc.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Sunoco Lubricants
- 13.5.11.1 Company Overview
- 13.5.11.2 Product Portfolio
- 13.5.11.3 Demographic Reach and Achievements
- 13.5.11.4 Certifications
- 13.5.12 Others
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
