Transformer Oil Market: By Type, Application, Segments, Region & Forecast, 2016-2022

Transformer Oil Market: By Type, Application, Segments, Region & Forecast, 2016-2022

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According to the report, global transformer oil market was valued at USD 2,099.1 million in 2016, is expected to reach USD 3,159. 0 million in 2022 and is anticipated to grow at a CAGR of 7.1% between 2017 and 2022. Transformer oil is stable at high temperatures and has excellent electrical insulating properties. It is used in oil-filled transformers, fluorescent lamp ballasts, some types of high-voltage switches, some types of high-voltage capacitors, and circuit breakers.




According to the report, global transformer oil market was valued at USD 2,099.1 million in 2016, is expected to reach USD 3,159. 0 million in 2022 and is anticipated to grow at a CAGR of 7.1% between 2017 and 2022.

Transformer oil is utilized as coolant and insulator in transformers by energy and power industry. Transformer oil provides two main functions in transformers i.e. dissipation of heat generated inside the transformers and suppression of arcing. They are derived from the fractional distillation of crude oil. Transformer oils are stable at extremely high temperature and show considerable insulating properties. Most commonly used products are mineral-oil based like paraffinic oil which is used for cooling applications owing to its viscosity features and excellent oxidative stability.

The global market for transformer oil is expected to grow at a significant rate. Rising power consumption, increasing investment in the power sector and expansion of electrical grids in the developing countries are the major factors driving the growth of the transformer oil market globally. Furthermore, rising production of transformers is anticipated to fuel the demand for transformer oil market. However, increasing demand for the dry type transformers may hamper the market growth in near future. Moreover, the corrosive effect of sulfur present in transformer oil may abstract the growth of the market.

Global-Transformer-Oil-Market

Global transformer oil market has been segmented on the basis of type, application, and region. On the basis of type, transformer oil market is classified into mineral oil-based, silicone-based, and bio-based oil. Mineral-based transformer oil is the most widely used transformer oil having occupied the largest market share in 2016. However, the demand of bio-based transformer oil is anticipated to increase in the coming years owing to its environmental benefits and superior operational advantages. On the basis of the application, the market is classified into distribution transformers and power transformers. In 2016, distribution transformer segment dominates the transformer oil market, accounting for nearly half of the overall market.

Asia-Pacific held the largest share of the transformer oil market in 2016 and is expected to retain its majority by 2022. Countries like India and China have a high demand for the transformer oil for expansion of electric grids and installation of transformers. The growth for transformer oil is expected to be slower in North America and Europe region, as they are more depend on renewable sources than conventional sources of energy.

The transformer oil market comprises of a diverse group of international and regional transformer oil manufacturers and appears to be moderately fragmented. The key players of global transformer oil market include Nynas AB, Ergon Inc., PetroChina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners, Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited among others.

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Transformer Oil Market, 2014 – 2022, (USD Million) (Million Liters)
    • 2.2. Transformer oil: Market snapshot
  • Chapter 3. Transformer Oil Market: Industry Analysis
    • 3.1. Transformer Oil: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Expansion of electricity grid in Asia Pacific region
      • 3.2.2. Upgrade of electric grids in North America
    • 3.3. Restraints
      • 3.3.1. Increasing demand for dry type transformers
    • 3.4. Opportunity
      • 3.4.1. Increasing demand of bio-based transformer oil
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by type segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by region segment
  • Chapter 4. Global Transformer oil Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global transformer oil market: company market share, 2016
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
  • Chapter 5. Global Transformer Oil Market: Type Overview
    • 5.1. Global transformer oil market share, by type, 2016 and 2022
    • 5.2. Global mineral oil-based transformer oil market, 2014 – 2022(USD Million) (Million Liters)
    • 5.3. Global silicone-based transformer oil market, 2014 – 2022 (USD Million) (Million Liters)
    • 5.4. Global bio-based oil supplement market, 2014 – 2022 (USD Million) (Million Liters)
  • Chapter 6. Global Transformer Oil Market: Application Overview
    • 6.1. Global transformer oil market share for application, 2016 and 2022
    • 6.2. Global transformer oil market for distribution transformer, 2014 – 2022 (USD Million) (Million Liters)
    • 6.3. Global Transformer oil market for power transformer, 2014 – 2022 (USD Million) (Million Liters)
  • Chapter 7. Global Transformer Oil Market: Regional Analysis
    • 7.1. Global Transformer Oil Market: Regional overview
      • 7.1.1. Global transformer oil market share, by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.2. North America transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.3. North America transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.4. North America transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.2.5.2. U.S transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.2.5.3. U.S transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.2.5.4. U.S transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.3. Europe
      • 7.3.1. Europe transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.2. Europe transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.3. Europe transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.4. Europe transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.5. UK
        • 7.3.5.1. UK transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.5.2. UK transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.5.3. UK transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.5.4. UK transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.6. France
        • 7.3.6.1. France transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.6.2. France transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.6.3. France transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.6.4. France transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.3.7. Germany
        • 7.3.7.1. Germany transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.7.2. Germany transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.7.3. Germany transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.3.7.4. Germany transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.4.2. Asia Pacific transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.4.3. Asia Pacific transformer oil market volume, by application, 2015 – 5 – 2021 (USD Million) (Million Liters)
      • 7.4.4. Asia Pacific transformer oil market revenue, by application, 2015 – 5 – 2021 (USD Million) (Million Liters)
      • 7.4.5. China
        • 7.4.5.1. China transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.5.2. China transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.5.3. China transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.5.4. China transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.4.6. India
        • 7.4.6.1. India transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.6.2. India transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.6.3. India transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.4.6.4. India transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.5. Latin America
      • 7.5.1. Latin America transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.2. Latin America transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.3. Latin America transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.4. Latin America transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.5.5.2. Brazil transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
        • 7.5.5.3. Brazil transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
        • 7.5.5.4. Brazil transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa transformer oil market volume, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.6.2. Middle East & Africa transformer oil market revenue, by type, 2014 – 2022 (USD Million) (Million Liters)
      • 7.6.3. Middle East & Africa transformer oil market volume, by application, 2014 – 2022 (USD Million) (Million Liters)
      • 7.6.4. Middle East & Africa transformer oil market revenue, by application, 2014 – 2022 (USD Million) (Million Liters)
  • Chapter 8. Company Profiles
    • 8.1. Nynas AB
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Typeportfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Ergon Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Typeportfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. PetroChina Company Limited
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Typeportfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. APAR Industries Limited
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Typeportfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Calumet Specialty Products Partners
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Typeportfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Sinopec Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Typeportfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Hydrodec Group PLC
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Typeportfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Cargill Incorporated
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Typeportfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Engen Petroleum Limited
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Typeportfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Valvoline
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Typeportfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. San Joaquin Refining Co., Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Typeportfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Gandhar Oil Refinery India Limited
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Typeportfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments

List of Figures 

1. Global transformer oil market segmentation by type, application, and region
2. Global transformer oil market, 2014 – 2022 (USD Million) (Million Liters)
3. Porter’s five forces analysis: Transformer oil market
4. Market attractiveness analysis by type segment
5. Market attractiveness analysis by application segment
6. Market attractiveness analysis by regional segment
7. Global Transformer Oil Market : Company Market Share, 2016
8. Price Trend Analysis : Transformer oil Market
9. Global transformer oil market share, by type, 2016 -2022
10. Global mineral oil-based transformer oil market, 2014 – 2022 (USD Million) (Million Liters)
11. Global silicone-based transformer oil market, 2014 – 2022 (USD Million) (Million Liters)
12. Global bio-based oil transformer oil market, 2014 – 2022 (USD Million) (Million Liters)
13. Global transformer oil market share, by application, 2016 -2022
14. Global transformer oil market for distribution transformer, 2014 – 2022 (USD Million) (Million Liters)
15. Global transformer oil market for power transformer, 2014 – 2022 (USD Million) (Million Liters)
16. Global transformer oil market share, by region, 2016 – 2022
17. North America transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
18. U.S. transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
19. Europe transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
20. UK transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
21. France transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
22. Germany transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
23. Asia Pacific transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
24. China transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
25. Japan transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
26. India transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
27. Latin America transformer oil market, 2015-2021, (USD Million) (Million Liters)
28. Brazil transformer oil market, 2014 – 2022, (USD Million) (Million Liters)
29. Middle East & Africa transformer oil market, 2014 – 2022, (USD Million) (Million Liters)


List of Tables

1. Transformer oil market: Market snapshot
2. Drivers of global transformer oil market: Impact analysis
3. Restraints of global transformer oil market: Impact analysis
4. North America transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
5. North America transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
6. North America transformer oil market volume, by application, 2014 – 2022(USD Million)  (Million Liters)
7. North America transformer oil market revenue, by application, 2014 – 2022(USD Million)  (Million Liters)
8. U.S. transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
9. U.S. transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
10. U.S. transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
11. U.S. transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
12. Europe  transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
13. Europe  transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
14. Europe  transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
15. Europe  transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
16. Germany transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
17. Germany transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
18. Germany transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
19. Germany transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
20. France transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
21. France transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
22. France transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
23. France transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
24. UK transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
25. UK transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
26. UK transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
27. UK transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
28. Asia Pacific transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
29. Asia Pacific transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
30. Asia Pacific transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
31. Asia Pacific transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
32. China transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
33. China transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
34. China transformer oil market volume, by application 2014 – 2022(USD Million) (Million Liters)
35. China transformer oil market revenue, by application 2014 – 2022(USD Million) (Million Liters)
36. Japan transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
37. Japan transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
38. Japan transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
39. Japan transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
40. India transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
41. India transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
42. India transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
43. India transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
44. Latin America transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
45. Latin America transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
46. Latin America transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
47. Latin America transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
48. Brazil transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
49. Brazil transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
50. Brazil transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
51. Brazil transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)
52. Middle East and Africa transformer oil market volume, by type, 2014 – 2022(USD Million) (Million Liters)
53. Middle East and Africa transformer oil market revenue, by type, 2014 – 2022(USD Million) (Million Liters)
54. Middle East and Africa transformer oil market volume, by application, 2014 – 2022(USD Million) (Million Liters)
55. Middle East and Africa transformer oil market revenue, by application, 2014 – 2022(USD Million) (Million Liters)

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