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Transformer Oil Market Worth $2.79 Billion by 2020


News provided by

MarketsandMarkets

14 Sep, 2015, 11:30 GMT

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PUNE, India, September 14, 2015 /PRNewswire/ --

The report "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", defines and segments the transformer oil market with analysis and forecast of the global volume and revenue. Global transformer oil market is expected to grow from $1.98 Billion in 2015 to $2.79 Billion by 2020 at a CAGR of 7.14% from 2015 to 2020. Mineral oil-based transformer oil is expected to occupy the major share as compared to silicone and bio-based transformer oils for the next five years.

Browse 72 Tables and 42 Figures spread through 137 Pages and in-depth TOC on "Transformer Oil Market"

http://www.marketsandmarkets.com/Market-Reports/transformer-oil-market-967.html

Early buyers will receive 10% customization on this report. 

In 2015, Asia-Pacific is estimated to be the largest market for transformer oils and would remain the top consumer till the year 2020. Extensive demand for electricity especially in China and India is driving the expansion of electric networks increasing the installation and upgrade of transformers in turn increasing the demand for transformer oil. The growing transmission and distribution network across globe is key drivers for transformer oil market growth. Significant T&D expansion projects are ongoing in Asia-Pacific which is expected to be the biggest and the fastest growing market for transformer oil.

Download Free Sample Pages of Report @ http://www.marketsandmarkets.com/requestsample.asp?id=967

Mineral oil based transformer oil: Most used transformer oil across the globe

Naphthenic and paraffinic mineral based transformer oils are the most consumed globally. However, this dominance is likely to reduce in the longer run due to the growing acceptance of bio-based transformer oils.

Small transformers: Major application segment for transformer oils

Small transformers (below 5 MVA) are distribution transformers, which form an important part of a power generation and distribution system are the largest consumers of transformer oil. Increased capacity additions including distributed energy projects are set to drive this market.

The report covers global transformer oil market in terms of consumption (thousand liters) and revenue ($million) across regions such as Asia-Pacific, Europe, North America, and ROW. It explains qualitative and quantitative aspects of transformer oil types such as mineral oil - naphthenic & paraffinic, silicone, and bio-based transformer oils. The report also explains the transformer oil market by geography and types, and consumption trends from 2013 to 2020. However, the scope of the report is limited to analysis, estimations, and forecast about transformer oil market based on their types, geography, and applications.

The report also includes an analysis of the value chain, Porters' five forces analysis, the competitive landscape, and company profiles of 10 key players.

Browse Related Reports 

Converter Transformer Market by Configuration (Back-to-Back, Monopolar, Bipolar, and Multi-terminal), Voltage level, Application (Windfarms, Oil & Gas, and Grid interconnections), Power rating, and by Region - Global trends and forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/hvdc-converter-transformer-market-170425557.html

Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/smart-transformers-market-15362928.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
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Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
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Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
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