Global Transformer Oil Market - Trends & Forecast, 2016-2022

Publisher : Market Research Future Publication Date : Feb 07, 2017

Number of Pages : 163 Subcategory : Oil
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  • Description

    Product Description

    Introduction
    Transformer oil also known as dielectric insulating oil. It is obtained by subsequent treatment of crude oil or by fractional distillation. Basically, transformer oil is used as a coolant and as electric insulation in electric transformers. Additionally, it aids to preserve the core and winding, fully immersed inside oil and also prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation. According to MRFR analysis, the global Transformer oil market was valued at USD 2,100 million in 2015 and is expected to be valued at USD 3641.1 million by the end of 2022, expanding at a CAGR of 8.29 %. Based on type, global transformer oil market is segmented as naphthenic oil, paraffinic oil, bio based oil, and silicone oil. The global transformer oil market is dominated by mineral oil forms namely, naphthenic and paraffinic, which accounts for 90.0% of the overall market. Owing to easy availability of naphthenic oil, it is estimated to retain its dominance through the forecast period. However, prominent trends in the market such as increasing environmental concerns and increasing stringent regulations regarding fire safety are anticipated to boost market demand for bio based and silicone oil over the forecast period. Transformer oil is a dielectric oil used as coolant in various types of transformers. The global transformer oil market is segmented on the basis of application as large transformers (>200 MVA), small transformers (<200 MVA), and utility & others (high voltage switches). On basis of application, large transformer accounted for largest market share in 2015, it is anticipated to be the dominating application segment throughout the forecast period. Thus, the increasing transition from non-renewable to renewable energy sources is estimated to boost demand for large transformers over the forecast period.
    Key Players
    The Key Players in Transformer Oil Market are Nynas AB, Ergon Inc, Calumet Specialty Products Partners L.P, APAR Industries Limited, Petro China, Sinopec Group, Hydrodec Group Plc, Cargill Inc, Engen Petroleum Limited, Valvoline International, Inc, San Joaquin Refining Co. Inc., Gandhar Oil Refinery India Limited and others.
    Objectives of Global Transformer Oil Market
    • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global transformer oil market.
    • To provide insights about factors influencing and affecting the market growth.
    • To provide historical and forecast revenue of the market segments and sub-segments with respect to – Regional markets and their countries
    • To provide historical and forecast revenue of the market segments based on by type, by application and by region for global transformer oil market.
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market.
    • To provide Economical factors that influences the global transformer oil market.

    Key Findings
    • Transformer oil Market is expected to grow at compound annual growth rate of 8.29% from year 2016 to year 2022.
    • Asia-Pacific accounts for 40% market share in 2014 and is expected to be dominating the market of Transformer oil throughout the forecast period.
    • By type, Naphthenic oil accounts for the largest market share of 55% in the global market, followed by Paraffinic.
    • By Application, large transformer accounts for the largest market share of 49.00% in the global market, followed by small transformer.

    Regional and Country Analysis of Transformer Oil Market
    The global Transformer oil market is expected to reach USD 3641.1 million by the end of forecasted period i.e. 2022. Asia-Pacific has accounted the largest market share followed by North America and Europe. The Asia Pacific region offers huge growth potential for Transformer oil market and is slated to register the highest CAGR of 9.28% to reach USD 879.3 million by 2022 owing to the presence of large number of producers, cheap labor cost and growing exports.

    The reports also covers country level analysis:
    • North America
    o US
    o Canada
    • Europe
    o France
    o Germany
    o Italy
    o Spain
    o United Kingdom
    o Rest of Europe
    • Asia – Pacific
    o China
    o India
    o Japan
    o Others
    • Middle East & Africa
    • Latin America

  • Table of Content

    Global Transformer Oil Market - Trends & Forecast, 2016-2022

    Table of Contents

    1 Report Prologue 15
    2 Introduction 16
    2.1 Definition 17
    2.2 Scope of the Study 17
    2.3 Research Objective 17
    2.4 Assumptions & Limitations 18
    2.4.1 Assumptions 18
    2.4.2 Limitations 18
    2.5 Market Structure 18
    3 Research Methodology 19
    3.1 Research Process 19
    3.2 Primary Research 20
    3.3 Secondary Research 20
    3.4 Market Size Estimation 20
    4 Market Dynamics 23
    4.1 Introduction 23
    4.2 Market Drivers 24
    4.2.1 Electricity Grid Expansion Owing to Increasing Energy Demand in Developing Countries in Asia 24
    4.2.2 Increasing Transition to Renewable Energy Sources 25
    4.2.3 Power Grid Up gradation in Europe & North America 26
    4.3 Market Restraints 26
    4.3.1 Increasing Demand of Dry Type Transformers May Restraint The Market Growth 27
    4.3.2 Fluctuating Raw Material Prices 27
    4.4 Trends 27
    4.4.1 Increasing use of Bio based Transformer Oil 27
    4.4.2 Growing Demand of Silicone based Oil Owing to Its Fire Resistant Properties 28
    4.5 Opportunity 28
    4.5.1 New Power Grid Projects in Brazil & Middle East Markets 28
    4.6 Value chain analysis 29
    4.6.1 Raw Material Suppliers 29
    4.6.2 Transformer Oil Manufacturers 29
    4.6.3 Distributor/Supplier 29
    4.6.4 End Users 30
    4.7 Porter’s Five Forces Analysis 30
    4.7.1 Threat from New Entrants 30
    4.7.2 Bargaining Power of Buyers 31
    4.7.3 Bargaining Power of Supplier 31
    4.7.4 Threat from Substitutes 31
    4.7.5 Threat of Rivalry 32
    5 Transformer Oil Market, By Type 33
    5.1 Introduction 33
    5.2 Naphthenic 35
    5.3 Paraffinic 41
    5.4 Silicone Based Transformer Oil 47
    5.5 Bio Based Transformer Oil 54
    6 Transformer Oil Market, By Application 61
    6.1 Introduction 61
    6.2 Small Transformer 63
    6.3 Large Transformers 69
    6.4 Utility & Others 74
    7 Transformer Oil Market, By Region 81
    7.1 Introduction 81
    7.2 North America 84
    7.2.1 US 87
    7.2.2 Canada 89
    7.2.3 Mexico 91
    7.3 Europe 93
    7.3.1 Germany 96
    7.3.2 UK 98
    7.3.3 Russia 100
    7.3.4 France 102
    7.3.5 Rest of Europe 104
    7.4 Asia-Pacific 106
    7.4.1 China 109
    7.4.2 Japan 111
    7.4.3 India 113
    7.4.4 Rest of Asia-Pacific 115
    7.5 Rest of the World 117
    7.5.1 Brazil 120
    7.5.2 Saudi Arabia 122
    7.5.3 Argentina 124
    7.5.4 South Africa 126
    7.5.5 Others 128

    8 Competitive Landscape 131
    8.1 Introduction 131
    8.2 Expansion 132
    8.3 Acquisition 134
    8.4 Agreement, Partnership and Joint Venture 136
    9 Company Profiles 138
    9.1 Nynas AB 138
    9.1.1 Overview 138
    9.1.2 Financial Overview 138
    9.1.3 Product/Business Segment Overview 139
    9.1.4 Key Development 140
    9.2 Ergon Inc 141
    9.2.1 Overview 141
    9.2.2 Financial Overview 141
    9.2.3 Product Development 141
    9.2.4 Key Development 142
    9.3 Calumet Specialty Products Partners L.P., 143
    9.3.1 Overview 143
    9.3.2 Financial Overview 143
    9.3.3 Key Developments 144
    9.4 APAR Industries Limited 145
    9.4.1 Overview 145
    9.4.2 Financial Overview 145
    9.4.3 Product/ Business Segment 147
    9.4.4 Key Development 148
    9.5 Petro China 149
    9.5.1 Overview 149
    9.5.2 Financials 149
    9.5.3 Product/ Business Segment 150
    9.6 Sinopec Group 151
    9.6.1 Overview 151
    9.6.2 Financials 151
    9.6.3 Product/ Business Segment 151
    9.7 Hydrodec Group Plc 152
    9.7.1 Overview 152
    9.7.2 Financials 152
    9.7.3 Key developments 153
    9.8 Cargill Inc 154
    9.8.1 Overview 154
    9.8.2 Financial Overview 154
    9.8.3 Key Developments 154
    9.9 Engen Petroleum Limited 155
    9.9.1 Overview 155
    9.9.2 Financial Overview 155
    9.9.3 Product/ Business Segment 155
    9.9.4 Key developments 156
    9.10 Valvoline International, Inc. 157
    9.10.1 Overview 157
    9.10.2 Financial Overview 157
    9.10.3 Product/ Business Segment 158
    9.10.4 Key Development 158
    9.11 San Joaquin Refining Co. Inc. 159
    9.11.1 Overview 159
    9.11.2 Product/ Business Segment 159
    9.12 Gandhar Oil Refinery India Limited 160
    9.12.1 Overview 160
    9.12.2 Financial 160
    9.12.3 Product/ Business Segment 160
    10 Conclusion 161

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