The global market for transformer oil is expected to grow at a CAGR of 8.3 percent till 2022 and will be mainly driven by the increased demand from the transmission and distribution segment of the power industry. The APAC, particularly India and China, will continue to drive the demand for transformer oil products due to the need for improving the rural and urban infrastructure. The global transformer oil market will be driven by increasing demand for electricity in the emerging and developed countries, along with the growing infrastructure investment for energy access. In addition to this, replacement of aging transformers in Europe and North America is expected to drive the market further.
The growth of transformer oil manufacturers will be higher in developing markets on account of increased demand for new transformers. In addition to this, the demand for revamping old transformers in developed markets will be relatively lower as compared to those of new transformers. Mineral-based oil is the market leader for transformer oil production and will continue to lead till 2020, mainly because of established value chains. The report also provides a market overview in regional markets, such as North America, Europe, APAC, along with supplier profiles, cost & price analysis, industry trends, drivers & constraints, and industry best practices.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Transformer Oils covers the following
Higher growth in transformer oil capacity due to the developing markets: Transformer oil growth in developing markets is expected to be higher as more demand is coming from new transformers in these markets. Demand from revamping of old transformers in developed markets will be comparatively lower to new transformers