Global Turbine Oil Market 2020-2024

Global Turbine Oil Market 2020-2024

Technavio has been monitoring the turbine oil market and it is poised to grow by 1500.05 K MT during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on turbine oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth of global electricity demand and growing hydropower generation. In addition, the growth of global electricity demand is anticipated to boost the growth of the market as well.

The turbine oil market analysis includes product segment and geographical landscapes

Technavio's turbine oil market is segmented as below:

By Product

  • Mineral oil-based lubricants
  • Synthetic oil-based lubricants
By Geographical Landscapes
  • APAC
  • Europe
  • North America
  • MEA
  • South America
This study identifies the rising awareness toward reduction of carbon emissions as one of the prime reasons driving the turbine oil market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our turbine oil market covers the following areas:
  • Turbine oil market sizing
  • Turbine oil market forecast
  • Turbine oil market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading turbine oil market vendors that include Alexis Oil Co., BP Plc, Exxon Mobil Corp., Freudenberg SE, FUCHS PETROLUB SE, Indian Oil Corp. Ltd., PJSC LUKOIL, Royal Dutch Shell Plc, Total SA, and Valvoline Inc. Also, the turbine oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis – Specialty chemicals
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019 - 2024 (thousand MT)
        • Table Global - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Mineral oil-based lubricants - Market size and forecast 2019-2024
      • Table Mineral oil-based lubricants - Market size and forecast 2019-2024 (thousand MT)
      • Table Mineral oil-based lubricants - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table Mineral oil-based lubricants - Year-over-year growth 2019-2024 (%)
    • Synthetic oil-based lubricants - Market size and forecast 2019-2024
      • Table Synthetic oil-based lubricants - Market size and forecast 2019-2024 (thousand MT)
      • Table Synthetic oil-based lubricants - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table Synthetic oil-based lubricants - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (thousand MT)
      • Table APAC - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand MT)
      • Table Europe - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 (thousand MT)
      • Table North America - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand MT)
      • Table MEA - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 (thousand MT)
      • Table South America - Market size and forecast 2019-2024 (thousand MT), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand MT)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising awareness toward reduction of carbon emissions
      • Growth of global electricity demand
      • Growing hydropower generation
        • Table Countries with future hydropower project targets
      • Effects of poor lubrication on turbines
    • Market challenges
      • Slowdown of the marine industry
      • Risk of volatility in natural gas prices
      • Growing use of renewables
        • Table Impact of drivers and challenges
    • Market trends
      • Development of biolubricants
      • Growth of CCPP
      • Emergence of new power plants
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alexis Oil Co.
      • Table Alexis Oil Co. - Overview
      • Table Alexis Oil Co. - Product and service
      • Table Alexis Oil Co. - Key offerings
    • BP Plc
      • Table BP Plc - Overview
      • Table BP Plc - Business segments
      • Table BP Plc - Key news
      • Table BP Plc - Key offerings
      • Table BP Plc - Segment focus
    • Exxon Mobil Corp.
      • Table Exxon Mobil Corp. - Overview
      • Table Exxon Mobil Corp. - Business segments
      • Table Exxon Mobil Corp. - Key news
      • Table Exxon Mobil Corp. - Key offerings
      • Table Exxon Mobil Corp. - Segment focus
    • Freudenberg SE
      • Table Freudenberg SE - Overview
      • Table Freudenberg SE - Business segments
      • Table Freudenberg SE - Key news
      • Table Freudenberg SE - Key offerings
      • Table Freudenberg SE - Segment focus
    • FUCHS PETROLUB SE
      • Table FUCHS PETROLUB SE - Overview
      • Table FUCHS PETROLUB SE - Business segments
      • Table FUCHS PETROLUB SE - Key offerings
      • Table FUCHS PETROLUB SE - Segment focus
    • Indian Oil Corp. Ltd.
      • Table Indian Oil Corp. Ltd. - Overview
      • Table Indian Oil Corp. Ltd. - Business segments
      • Table Indian Oil Corp. Ltd. - Key offerings
      • Table Indian Oil Corp. Ltd. - Segment focus
    • PJSC LUKOIL
      • Table PJSC LUKOIL - Overview
      • Table PJSC LUKOIL - Product and service
      • Table PJSC LUKOIL - Key news
      • Table PJSC LUKOIL - Key offerings
    • Royal Dutch Shell Plc
      • Table Royal Dutch Shell Plc - Overview
      • Table Royal Dutch Shell Plc - Business segments
      • Table Royal Dutch Shell Plc - Key news
      • Table Royal Dutch Shell Plc - Key offerings
      • Table Royal Dutch Shell Plc - Segment focus
    • Total SA
      • Table Total SA - Overview
      • Table Total SA - Business segments
      • Table Total SA - Key offerings
      • Table Total SA - Segment focus
    • Valvoline Inc.
      • Table Valvoline Inc. - Overview
      • Table Valvoline Inc. - Business segments
      • Table Valvoline Inc. - Key news
      • Table Valvoline Inc. - Key offerings
      • Table Valvoline Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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