The global transformer oil market was value at USD 1.7 Billion in 2020 and is projected to reach USD 6.08 Billion by 2030, growing at a CAGR of 12.8% from 2022 to 2030.

The growing transition towards a renewable source of energy, increasing investment for enhancing the electricity grids, coupled with rising environmental concerns, are fueling the market share for the global transformer oils market.

Major market player included in this report are:
Nynas AB
Ergon International
Petrochina Company Limited
Apar Industries
Sinopec Lubricant
Calumet Speciality Products
Hydrodec Group
Cargill
ExxonMobil

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Mineral
Silicone
Bio-based
By Application
Transformer
Switchgear
Reactor
By End-use
Transmission and Distribution
Power Generation
Railways & Metros
Others


By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

Furthermore, years considered for the study are as follows:

Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.

Target Audience of the Global Transformer Oil Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors