Transformer Oil Market Worth $2.46 Billion by 2017
DALLAS, March 19, 2013 /PRNewswire/ –
The report “Transformer Oil Market: By Types (Mineral Oil – Naphthenic & Paraffinic,
Silicone and Bio-based), Applications (Small & Large Transformers, Utility) & Geography -
Global Industry Trends & Forecast to 2017″, defines and segments the transformer oil
market with analysis and forecasting of the global volume and revenue. Global transformer
oil market is expected to grow from $1.59 billion in 2012 to $2.46 billion by 2017, with a
CAGR of 9.17%. In this, mineral oil-based transformer oil is expected to occupy the major
share, when compared to silicone and bio-based transformer oils for the next five years.
- 103 market data tables - 41 figures - 274 pages and an in-depth Table of Content on "Transformer Oil Market"
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Asia-Pacific: The largest market for transformer oils
Asia-Pacific has been the largest transformer oil consumer since 2011 followed by
North America, Europe, and ROW. The major transformer oil consuming countries in
Asia-Pacific are China, India, and Japan. The consumption is high in these countries
mainly due to the increasing economic development, rising population owing to growing
electricity demand. The trend is estimated to remain the same during the forecasted
period. The consumption is high in the Asia-Pacific region, mainly due to the increasing
economic development, population, and electricity demand.
Mineral oil based transformer oil: Extensively consumed across the globe
Considering transformer oil consumption by types (Mineral oil-naphthenic & paraffinic,
silicone, and bio-based), mineral oil constituted the largest consumption share as of year
2012 and is expected to be largest segment by 2017. Naphthenic oil constituted the largest
share of mineral oil consumption in 2012.
Small transformers: Major application segment for transformer oils
Transformers having capacity rating below 5 MVA are considered as small. Majority of
small transformers are distribution transformers, which form an important part of a power
generation and distribution system. Thus, it is necessary that these transformers have the
specified oil content to insulate and dissipate heat into the atmosphere. With an
increasing population, rising power requirements, growing transition towards renewable,
the power distribution network is increasing. This is driving the use of distribution
transformers that, in turn, is propelling the demand for transformer oils. In 2012, small
transformers witnessed the largest transformer oil consumption, followed by large ones,
The report covers global transformer oil market
[http://www.marketsandmarkets.com/Market-Reports/transformer-oil-market-967.html ] in terms
of consumption (thousand liters) and revenue ($million) across regions such as
Asia-Pacific, Europe, North America, and Rest of the World (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 briefly explains the
transformer oil market by geography and types. It also explains trends in its consumption
from year 2010 to 2017.
The report also shows an overview of the technical as well as other important aspects
of transformer oil market. It includes an analysis of the value chain, Porters’ five
forces analysis, the competitive landscape, and company profiles. In addition to this, 19
key players in the market have also been profiled.
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