DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/w4glht/transformer_oil) has announced the addition of the "Transformer Oil Market by Type (Mineral- Naphthenic and Paraffinic), by Application (Small transformers, Large Transformers, Utility & Others), & Region (Asia-Pacific, North America, Europe, ROW) - Global Trends & Forecasts to 2020" report to their offering.
The market is expected to push the transformer oil market size from USD 1.98 Billion in 2015 to USD 2.79 Billion by 2020 with a CAGR of 7.14% from 2015 to 2020
The leading players of the market such as Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina (China), Calumet Specialty Products Partners (U.S.), and San Joaquin Refining Co. Inc. (U.S.) among others have been profiled in this report.
Increasing demand for the dry type transformers and the corrosive effect of sulfur present in transformer oil are major restraints for the transformer oil market. To counter the economic slump in European countries, transformer oil manufacturers are trying to expand their geographic presence and market penetration in other regions through the launch of new and advanced products and technologies.
The transformer oil market has exhibited steady growth over the last few years because of its increasing application in small transformers, large transformers, and utilities in emerging economies such as China and India. National utility companies across the world continue to invest in their power grids in order to meet the increasing demand of end-users giving scope for transformer oil market.
Small transformer is the largest application segment of the transformer oil market. With national governments ramping up power generation capabilities, the demand for transformer oil is expected to increase. The increasing demand from OEMs, coupled with expansion of electric grids in BRICS nations is expected to drive the global transformer oil market.
Mineral-based transformer oil is the most widely used transformer oil having occupied the largest market share in 2014. However, the demand of bio-based transformer oil is expected to increase in the near future due to environmental benefits and superior operational advantages.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Transformer Oil Market, By Type
7 Transformer Oil Market, By Application
8 Transformer Oil Market, By Region
9 Competitive Landscape
10 Company Profiles
- APAR Industries Limited
- Calumet Specialty Products Partners, L.P.
- Cargill, Incorporated
- Engen Petroleum Limited
- Ergon Inc.
- Gandhar Oil Refinery India Limite
- Hydrodec Group PLC
- Nynas AB
- Petrochina Company Limited
- San Joaquin Refining Co., Inc.
- Sinopec Corporation
For more information visit http://www.researchandmarkets.com/research/w4glht/transformer_oil