Transformer Oil Market Key Players Analysis 2031
Transformer oil, also known as insulating oil, is the oil used in transformers which has excellent insulating properties. The primary function of transformer oil is to cool and insulate a transformer. Transformer oil have high dielectric strength and are stable at high temperatures. Transformer oil is used in switchgears and circuit breakers and also in distribution and power transformers.
MARKET DYNAMICS
The transformer oil market is anticipated to grow in the forecast period owing to driving factors such as rising power consumption coupled with increasing demands from original equipment manufacturers. Stringent legislative measures and favorable regulatory reforms for the development of a reliable grid network along with increasing investments in power sector further contribute to the growth of the transformer oil market. However, demands for oil-free transformer and volatile raw material prices are major restraining factors for this market. Nonetheless, increasing adoption of bio-based transformer oil and rising focus towards rural electrification will continue to boost the transformer oil market during the forecast period.
MARKET SCOPE
The "Global Transformer Oil Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of transformer oil market with detailed market segmentation by type, application, and geography. The global transformer oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transformer oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global transformer oil market is segmented on the basis of type and application. Based on type, the market is segmented as mineral oil-based, silicone oil based, and bio based. On the basis of the application the market is segmented as distributed transformer, power transformers, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global transformer oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The transformer oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting transformer oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the transformer oil market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global transformer oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The transformer oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting transformer oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the transformer oil market in these regions.
MARKET PLAYERSThe reports cover key developments in the transformer oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from transformer oil market are anticipated to lucrative growth opportunities in the future with the rising demand for transformer oil in the global market. Below mentioned is the list of few companies engaged in the transformer oil market.
The report also includes the profiles of key transformer oil companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Apar Industries Limited
- Cargill, Incorporated
- China Petroleum & Chemical Corporation
- Engen Limited
- Ergon, Inc.
- Gandhar Oil Refinery (India) Limited
- Hydrodec Group plc
- Nynas AB
- San Joaquin Refining Co. Inc.
- Valvoline Inc
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Transformer Oil Market - By Type
1.3.2 Transformer Oil Market - By Application
1.3.3 Transformer Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TRANSFORMER OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TRANSFORMER OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TRANSFORMER OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. TRANSFORMER OIL - GLOBAL MARKET OVERVIEW
6.2. TRANSFORMER OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TRANSFORMER OIL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MINERAL OIL-BASED
7.3.1. Overview
7.3.2. Mineral Oil-Based Market Forecast and Analysis
7.4. SILICONE OIL BASED
7.4.1. Overview
7.4.2. Silicone Oil Based Market Forecast and Analysis
7.5. BIO-BASED
7.5.1. Overview
7.5.2. Bio-Based Market Forecast and Analysis
8. TRANSFORMER OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DISTRIBUTED TRANSFORMER
8.3.1. Overview
8.3.2. Distributed Transformer Market Forecast and Analysis
8.4. POWER TRANSFORMERS
8.4.1. Overview
8.4.2. Power Transformers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. TRANSFORMER OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Transformer Oil Market Overview
9.1.2 North America Transformer Oil Market Forecasts and Analysis
9.1.3 North America Transformer Oil Market Forecasts and Analysis - By Type
9.1.4 North America Transformer Oil Market Forecasts and Analysis - By Application
9.1.5 North America Transformer Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Transformer Oil Market
9.1.5.1.1 United States Transformer Oil Market by Type
9.1.5.1.2 United States Transformer Oil Market by Application
9.1.5.2 Canada Transformer Oil Market
9.1.5.2.1 Canada Transformer Oil Market by Type
9.1.5.2.2 Canada Transformer Oil Market by Application
9.1.5.3 Mexico Transformer Oil Market
9.1.5.3.1 Mexico Transformer Oil Market by Type
9.1.5.3.2 Mexico Transformer Oil Market by Application
9.2. EUROPE
9.2.1 Europe Transformer Oil Market Overview
9.2.2 Europe Transformer Oil Market Forecasts and Analysis
9.2.3 Europe Transformer Oil Market Forecasts and Analysis - By Type
9.2.4 Europe Transformer Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Transformer Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Transformer Oil Market
9.2.5.1.1 Germany Transformer Oil Market by Type
9.2.5.1.2 Germany Transformer Oil Market by Application
9.2.5.2 France Transformer Oil Market
9.2.5.2.1 France Transformer Oil Market by Type
9.2.5.2.2 France Transformer Oil Market by Application
9.2.5.3 Italy Transformer Oil Market
9.2.5.3.1 Italy Transformer Oil Market by Type
9.2.5.3.2 Italy Transformer Oil Market by Application
9.2.5.4 United Kingdom Transformer Oil Market
9.2.5.4.1 United Kingdom Transformer Oil Market by Type
9.2.5.4.2 United Kingdom Transformer Oil Market by Application
9.2.5.5 Russia Transformer Oil Market
9.2.5.5.1 Russia Transformer Oil Market by Type
9.2.5.5.2 Russia Transformer Oil Market by Application
9.2.5.6 Rest of Europe Transformer Oil Market
9.2.5.6.1 Rest of Europe Transformer Oil Market by Type
9.2.5.6.2 Rest of Europe Transformer Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Transformer Oil Market Overview
9.3.2 Asia-Pacific Transformer Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Transformer Oil Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Transformer Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Transformer Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Transformer Oil Market
9.3.5.1.1 Australia Transformer Oil Market by Type
9.3.5.1.2 Australia Transformer Oil Market by Application
9.3.5.2 China Transformer Oil Market
9.3.5.2.1 China Transformer Oil Market by Type
9.3.5.2.2 China Transformer Oil Market by Application
9.3.5.3 India Transformer Oil Market
9.3.5.3.1 India Transformer Oil Market by Type
9.3.5.3.2 India Transformer Oil Market by Application
9.3.5.4 Japan Transformer Oil Market
9.3.5.4.1 Japan Transformer Oil Market by Type
9.3.5.4.2 Japan Transformer Oil Market by Application
9.3.5.5 South Korea Transformer Oil Market
9.3.5.5.1 South Korea Transformer Oil Market by Type
9.3.5.5.2 South Korea Transformer Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Transformer Oil Market
9.3.5.6.1 Rest of Asia-Pacific Transformer Oil Market by Type
9.3.5.6.2 Rest of Asia-Pacific Transformer Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Transformer Oil Market Overview
9.4.2 Middle East and Africa Transformer Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Transformer Oil Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Transformer Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Transformer Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Transformer Oil Market
9.4.5.1.1 South Africa Transformer Oil Market by Type
9.4.5.1.2 South Africa Transformer Oil Market by Application
9.4.5.2 Saudi Arabia Transformer Oil Market
9.4.5.2.1 Saudi Arabia Transformer Oil Market by Type
9.4.5.2.2 Saudi Arabia Transformer Oil Market by Application
9.4.5.3 U.A.E Transformer Oil Market
9.4.5.3.1 U.A.E Transformer Oil Market by Type
9.4.5.3.2 U.A.E Transformer Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Transformer Oil Market
9.4.5.4.1 Rest of Middle East and Africa Transformer Oil Market by Type
9.4.5.4.2 Rest of Middle East and Africa Transformer Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Transformer Oil Market Overview
9.5.2 South and Central America Transformer Oil Market Forecasts and Analysis
9.5.3 South and Central America Transformer Oil Market Forecasts and Analysis - By Type
9.5.4 South and Central America Transformer Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Transformer Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Transformer Oil Market
9.5.5.1.1 Brazil Transformer Oil Market by Type
9.5.5.1.2 Brazil Transformer Oil Market by Application
9.5.5.2 Argentina Transformer Oil Market
9.5.5.2.1 Argentina Transformer Oil Market by Type
9.5.5.2.2 Argentina Transformer Oil Market by Application
9.5.5.3 Rest of South and Central America Transformer Oil Market
9.5.5.3.1 Rest of South and Central America Transformer Oil Market by Type
9.5.5.3.2 Rest of South and Central America Transformer Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRANSFORMER OIL MARKET, KEY COMPANY PROFILES
11.1. APAR INDUSTRIES LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL, INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHINA PETROLEUM CHEMICAL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENGEN LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ERGON, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GANDHAR OIL REFINERY (INDIA) LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HYDRODEC GROUP PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NYNAS AB
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAN JOAQUIN REFINING CO. INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VALVOLINE INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Apar Industries Limited
2. Cargill, Incorporated
3. China Petroleum Chemical Corporation
4. Engen Limited
5. Ergon, Inc.
6. Gandhar Oil Refinery (India) Limited
7. Hydrodec Group plc
8. Nynas AB
9. San Joaquin Refining Co. Inc.
10. Valvoline Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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