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Global Transformer Oil Market 2016-2020

About Transformer Oil

Transformer oil is generally used as an insulation and arc-quenching medium in power and distribution transformers. Windings use cellulose insulation, which has a strong affinity for oxygen and is immersed in transformer oil to prevent oxidation. Transformer oil is produced by the fractional distillation and subsequent processing of crude oil. It also finds application in circuit breakers and switchgear that are traditional and use oil as the arc-quenching fluid.

Technavio’s analysts forecast the global transformer oil market to grow at a CAGR of 8.96% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global transformer oil market for 2016-2020. To calculate the market size, Technavio has considered the demand for transformer oil from power and distribution transformers across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Transformer Oil Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apar Industries
  • Ergon Energy
  • Nynas
  • PetroChina
  • Sinopec
Other prominent vendors
  • Cargill
  • Engen Petroleum
  • Hydrodec Group
  • San Joaquin Refining
  • Valvoline
Market driver
  • T&D expansion leading to increase in transformer installations
  • For a full, detailed list, view our report
Market challenge
  • Deterioration of transformer oil due to moisture ingress
  • For a full, detailed list, view our report
Market trend
  • Environmentally friendly and more fire-resistant insulating liquids
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Transformer Oil Market 2016-2020

Technavio recognizes the following companies as the key players in the global transformer oil market: Apar Industries, Ergon Energy, Nynas, PetroChina, and Sinopec.

Other Prominent Vendors in the market are: Cargill, Engen Petroleum, Hydrodec Group, San Joaquin Refining, and Valvoline.

Commenting on the report, an analyst from Technavio’s team said: “One trend that could lead to market growth will be the evolution of eco-efficient power transformers. Several transformer manufacturers have started to design and manufacture environment-friendly products based on customer demand. Customers need transformers that are negligibly hazardous to the environment and offer improved life cycle costs, with minimal maintenance requirements and enhanced service lifetime.”

According to the report, one of the key drivers for market growth will be expanding the capacity of renewable power generation. In 2014, renewable energy sources approximately accounted for about 59% of the net additions to the global power generation capacity. All geographic regions exhibited significant growth in this sector. Dominating renewable energy segments included wind, solar PV, and hydropower. By the end of 2014, renewable energy sources accounted for about 28% of the total power generation capacity, an increase of 6% from 2013, which was enough to produce approximately 23% of electricity generated globally.

Further, the report states that emergence of dry-type transformers will be a challenge for the market. Dry-type transformers find application in places that are prone to fire. Such places include residential complexes and commercial spaces, like shopping malls, hospitals, and airports. With urban society expanding across the globe, there has been an increasing need to expand the necessary infrastructure, which has led to a rise in the number of high-density residential areas, industrial complexes, and commercial spaces. This has compelled utility companies to focus on the design and laying of a complex T&D network to supply the requisite quantity of electric power to the end-users.



Companies Mentioned

Apar Industries, Ergon Energy, Nynas, PetroChina, Sinopec, Cargill, Engen Petroleum, Hydrodec Group, San Joaquin Refining, Valvoline.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Transformer oil types
      • Table Parameters of transformer oil
      • Table Key countries in each region
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global transformer oil market: Product type
      • Table Global transformer oil market: Geography
  • Market landscape
    • Market size and forecast
      • Table Impact of application sectors on global instrument transformer market 2015-2020
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • T&D expansion leading to increase in transformer installations
    • Modernization of existing transformers
      • Table Power generation capacity addition in India 2013-2015 (GW)
      • Table Transformer capacity addition in India 2013-2015 (millions of MVA)
    • Renewable power generation capacity expansion
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Deterioration of transformer oil due to moisture ingress
      • Table Reasons for moisture influx
    • Corrosive nature of sulfur present in transformer oil
    • Emergence of dry-type transformers
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Environmentally friendly and more fire-resistant insulating liquids
      • Table Types of insulating liquids used in transformers
      • Table Advantages of alternative insulating liquids over mineral oil
      • Table Disadvantages of certain alternative insulating liquids
    • Evolution of eco-efficient power transformers
      • Table Seven green criteria covering three phases of product lifecycle
      • Table Conventional and green eco-efficient power transformers: A comparative study
    • Increasing popularity of bio-based and naphthenic transformer oil
  • Market segmentation by product
    • Table Global transformer oil market: Product segmentation
    • Global mineral-based transformer oil market
      • Table Global mineral-based transformer oil market 2015-2020 ($ billions)
    • Global silicone-based transformer oil market
      • Table Global silicone-based transformer oil market 2015-2020 ($ millions)
    • Global bio-based transformer oil market
      • Table Global bio-based transformer oil market 2015-2020 ($ millions)
  • Geographical segmentation
    • Table Global transformer oil market: Geographic segmentation
    • Transformer oil market in APAC
      • Table T&D line length addition and refurbishment in APAC 2014-2035 (thousand miles)
      • Table Transformer oils market in APAC 2015-2020 ($ millions)
    • Transformer oils market in EMEA
      • Table T&D line length addition and refurbishment in EMEA 2014-2035 (thousand miles)
      • Table Transformer oil market in EMEA 2015-2020 ($ millions)
    • Transformer oils market in Americas
      • Table T&D line length addition and refurbishment in Americas 2014-2035 (thousand miles)
      • Table Transformer oil market in Americas 2015-2020 ($ millions)
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Apar Industries
    • Ergon Energy
    • Nynas
      • Table Business segmentation, FY2015
    • PetroChina
      • Table PetroChina's product portfolio
    • Sinopec
  • Appendix
    • Top-vendor offerings
      • Table Product offerings
    • List of abbreviations
  • Explore Technavio

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