Market Research Logo

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

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

This report estimates the transformer oil market size in terms of USD million and thousand liters. The market has been broken down by regions and further split into countries. The transformer oil market is expected to reach a market of USD 2.79 billion in 2020, from USD 1.98 billion in 2015 with a CAGR of 7.14% from 2015 to 2020.

The transformer oil market has been segmented into four regions—namely, North America, Europe, Asia-Pacific, and Rest of the World (Africa, Latin America, and the Middle East). The report also touches on various other important aspects of the market. It includes an analysis of the supply chain, Porter’s Five Forces analysis, and a competitive landscape. In addition, 12 key players of this market have also been profiled.

Transformer oil or dielectric fluid is a highly refined mineral oil which is stable at high temperatures and has excellent dielectric and cooling properties. It is mainly used in oil-filled transformers as an insulating and cooling medium. Apart from this application, transformer oil is also used in few types of high voltage capacitors, high-voltage switches, and circuit breakers. The major functions of transformer oil are to insulate, suppress corona and arcing, and to behave as a coolant. But, the increasing use of dry type transformer oil and corrosive effect of sulfur present in transformer oil has limited the growth of this market.

Various secondary sources, such as encyclopedias, directories, and databases have been used to identify and collect information useful for this extensive commercial study of the global turbocompressors market. Primary sources, such as experts in the industry and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of the transformer oil market.

Leading market players have also been profiled and their recent developments and other strategic industry activities have been provided. These 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.).

Asia-Pacific accounted for about 40% of the total market share in 2014. China is the largest market in Asia-Pacific, and is expected to grow rapidly along with India in the near future. Mineral-based transformer oil held major market share in 2014 while the demand of bio-based transformer oil is set to increase at a higher rate.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITIONS
    • MARKET SCOPE
      • MARKETS COVERED (SUB-SEGMENTS INCLUDING GEO SEGMENTATION)
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • PACKAGE SIZE
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD
    • TRANSFORMER OIL MARKET SIZE, BY TYPE, 2020 (`000 LITERS)
    • TRANSFORMER OIL IS USED EXTENSIVELY IN SMALL TRANSFORMERS
    • NORTH AMERICA TRANSFORMER OIL MARKET
    • LIFE CYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • BY TYPE
      • MINERAL TRANSFORMER OIL
      • SILICONE TRANSFORMER OIL
      • BIO-BASED TRANSFORMER OIL
    • TRANSFORMER OIL, BY STANDARDS
      • AMERICAN SOCIETY FOR TESTING AND MINERALS (ASTM)
      • INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC)
        • Table TRANSFORMER OIL BREAK-DOWN VOLTAGES
      • BRITISH STANDARDS (BS)
      • CANADIAN STANDARDS ASSOCIATION (CSA)
    • MARKET DYNAMICS
      • DRIVERS
        • Table CUMULATIVE ENERGY SUPPLY INVESTMENT, 2012 (USD BILLION)
        • Table INSTALLED CAPACITY IN BRICS NATIONS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
      • SUPPLY CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • TRANSFORMER OIL MARKET, BY TYPE
    • INTRODUCTION
    • MARKET ANALYSIS BY TYPE
      • Table TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
      • Table TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • MINERAL OIL-BASED
        • Table MINERAL OIL-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 ('000 LITERS)
        • Table MINERAL OIL-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
        • Table NAPHTHENIC MINERAL OIL-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 ('000 LITERS)
        • Table NAPHTHENIC MINERAL OIL-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
        • Table PARAFFINIC MINERAL OIL-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 ('000 LITERS)
        • Table PARAFFINIC MINERAL OIL-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
      • SILICONE-BASED
        • Table SILICONE-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 ('000 LITERS)
        • Table SILICONE-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
      • BIO-BASED OIL
        • Table BIO-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 ('000 LITERS)
        • Table BIO-BASED TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
  • TRANSFORMER OIL MARKET, BY APPLICATION
    • INTRODUCTION
    • BY APPLICATION
      • SMALL TRANSFORMERS: HIGHEST CONSUMING APPLICATION SEGMENT
    • TRANSFORMER OIL APPLICATIONS
      • SMALL TRANSFORMERS
      • LARGE TRANSFORMERS
      • UTILITY
      • OTHERS
        • Table TRANSFORMER OIL MARKET SIZE, BY APPLICATION, 2013-2020 (`000 LITERS)
        • Table TRANSFORMER OIL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
  • TRANSFORMER OIL MARKET, BY REGION
    • INTRODUCTION
    • REGIONAL ANALYSIS
      • Table TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 ('000 LITERS)
      • Table TRANSFORMER OIL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • TRANSFORMER OILS: PROMINENT REGIONAL MARKETS
    • ASIA-PACIFIC
      • ASIA-PACIFIC: BIGGEST MARKET FOR TRANSFORMER OILS
        • Table ASIA-PACIFIC: TRANSFORMER OIL MARKET SIZE, BY COUNTRY, 2013-2020 ('000 LITERS)
        • Table ASIA-PACIFIC: TRANSFORMER OIL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • CHINA
        • Table CHINA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table CHINA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • INDIA
        • Table INDIA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table INDIA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • JAPAN
        • Table JAPAN: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table JAPAN: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • REST OF ASIA-PACIFIC
        • Table REST OF ASIA-PACIFIC: TRANSFORMER OIL MARKET, BY TYPE, 2013-2020 ('000 LITERS)
        • Table REST OF ASIA-PACIFIC: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
    • NORTH AMERICA
      • NORTH AMERICA: POTENTIAL MARKET FOR BIO-BASED DIELECTRIC FLUIDS
        • Table NORTH AMERICA: TRANSFORMER OIL MARKET SHARE, BY COUNTRY, 2013-2020 ('000 LITERS)
        • Table NORTH AMERICA: TRANSFORMER OIL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • U.S.
        • Table U.S.: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table U.S.: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • MEXICO
        • Table MEXICO: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table MEXICO: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • CANADA
        • Table CANADA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table CANADA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • BY TYPE
        • Table NORTH AMERICA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table NORTH AMERICA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
    • EUROPE
      • Table EUROPE: TRANSFORMER OIL MARKET SIZE, BY COUNTRY, 2013-2020 ('000 LITERS)
      • Table EUROPE: TRANSFORMER OIL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table RUSSIA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • GERMANY
        • Table GERMANY: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table GERMANY: TRANSFORMER OIL MARKET SIZE , BY TYPE, 2013-2020 (USD MILLION)
      • FRANCE
        • Table FRANCE: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table FRANCE: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • U.K.
        • Table U.K.: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table U.K.: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table REST OF EUROPE: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • BY TYPE
        • Table EUROPE: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table EUROPE: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: TRANSFORMER OIL MARKET SHARE, BY COUNTRY, 2013-2020 ('000 LITERS)
      • Table ROW: TRANSFORMER OIL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table BRAZIL: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table SAUDI ARABIA: TRANSFORMER OIL MARKET SIZE , BY TYPE, 2013-2020 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table ARGENTINA: TRANSFORMER OIL MARKET SIZE , BY TYPE, 2013-2020 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table SOUTH AFRICA: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • OTHERS
        • Table OTHERS: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table OTHERS: TRANSFORMER OIL MARKET SIZE , BY TYPE, 2013-2020 (USD MILLION)
      • BY TYPE
        • Table REST OF THE WORLD: TRANSFORMER OIL MARKET SIZE, BY TYPE, 2013-2020 ('000 LITERS)
        • Table REST OF THE WORLD: TRANSFORMER OIL MARKET SIZE , BY TYPE, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS, 2014
    • COMPETITIVE SITUATION & TRENDS
    • EXPANSIONS
      • Table EXPANSION, 2015
    • CONTRACTS & AGREEMENTS
      • Table CONTRACTS & AGREEMENTS, 2014-2015
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2013-2015
    • OTHERS
      • Table OTHERS, 2014-2015
    • NEW PRODUCT DEVELOPMENTS
      • Table NEW PRODUCT DEVELOPMENTS, 2011
  • COMPANY PROFILES
    • INTRODUCTION
    • NYNAS AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2011-2015
      • NYNAS AB: SWOT ANALYSIS
      • MNM VIEW
    • ERGON INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2012-2015
      • ERGON INC.: SWOT ANALYSIS
      • MNM VIEW
    • PETROCHINA COMPANY LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2011-2014
      • PETROCHINA COMPANY LIMITED: SWOT ANALYSIS
      • MNM VIEW
    • APAR INDUSTRIES LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2012-2014
      • APAR INDUSTRIES LIMITED: SWOT ANALYSIS
      • MNM VIEW
    • CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2011-2015
      • CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.: SWOT ANALYSIS
      • MNM VIEW
    • SINOPEC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
    • HYDRODEC GROUP PLC
      • BUSINESS OVERVIEW
      • PRODUCTS/SERVICES OFFERED
      • DEVELOPMENTS, 2012-2014
    • CARGILL, INCORPORATED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2014
    • ENGEN PETROLEUM LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
    • VALVOLINE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2011-2012
    • SAN JOAQUIN REFINING CO., INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS
    • GANDHAR OIL REFINERY INDIA LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2014
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • OTHER DEVELOPMENTS, 2011-2015
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report