DUBLIN, August 22, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Transformer Oil Market 2016-2020" report to their offering.

The report forecasts the global transformer oil market to grow at a CAGR of 8.96% during the period 2016-2020.

The report 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.

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.

Key vendors:

• Apar Industries
• Ergon Energy
• Nynas
• PetroChina
• Sinopec

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market drivers

PART 07: Impact of drivers

PART 08: Market challenges

PART 09: Impact of drivers and challenges

PART 10: Market trends

PART 11: Market segmentation by product

PART 12: Geographical segmentation

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

PART 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/ghxw76/global

Related Topics: Electricity

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SOURCE Research and Markets