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Transformer Oil-Global Market Insights and Sales Trends 2025
Synopsis
Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.
The global Transformer Oil market size is expected to reach US$ 3836.7 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Transformer Oil in various end use industries. The expanding demands from the Ordinary Transformer and EHV Transformer, are propelling Transformer Oil market. Mineral Oil-based Transformer Oil, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Synthetic Oil-based Transformer Oil segment is estimated at % CAGR for the next seven-year period.
In the Middle East, Africa and Asia markets, the major producers are PetroChina, APAR Industry, CNOOC, Sinopec and Savita Oil, with a combined market share of 56%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Transformer Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Transformer Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Transformer Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Transformer Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Transformer Oil covered in this report include Petrochina, Apar Industry, CNOOC, Sinopec, Savita Oil, Jiangsu Gaoke, Raj Petro Specialties, JXTG and Nynas, etc.
The global Transformer Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Petrochina
Apar Industry
CNOOC
Sinopec
Savita Oil
Jiangsu Gaoke
Raj Petro Specialties
JXTG
Nynas
Jiangsu Shuangjiang
Shell
Global Transformer Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Transformer Oil market, Segment by Type:
Mineral Oil-based Transformer Oil
Synthetic Oil-based Transformer Oil
Silicone-based Transformer Oil
Others
Global Transformer Oil market, by Application
Ordinary Transformer
EHV Transformer
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Transformer Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Transformer Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.
The global Transformer Oil market size is expected to reach US$ 3836.7 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Transformer Oil in various end use industries. The expanding demands from the Ordinary Transformer and EHV Transformer, are propelling Transformer Oil market. Mineral Oil-based Transformer Oil, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Synthetic Oil-based Transformer Oil segment is estimated at % CAGR for the next seven-year period.
In the Middle East, Africa and Asia markets, the major producers are PetroChina, APAR Industry, CNOOC, Sinopec and Savita Oil, with a combined market share of 56%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Transformer Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Transformer Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Transformer Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Transformer Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Transformer Oil covered in this report include Petrochina, Apar Industry, CNOOC, Sinopec, Savita Oil, Jiangsu Gaoke, Raj Petro Specialties, JXTG and Nynas, etc.
The global Transformer Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Petrochina
Apar Industry
CNOOC
Sinopec
Savita Oil
Jiangsu Gaoke
Raj Petro Specialties
JXTG
Nynas
Jiangsu Shuangjiang
Shell
Global Transformer Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Transformer Oil market, Segment by Type:
Mineral Oil-based Transformer Oil
Synthetic Oil-based Transformer Oil
Silicone-based Transformer Oil
Others
Global Transformer Oil market, by Application
Ordinary Transformer
EHV Transformer
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Transformer Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Transformer Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Transformer Oil Market Overview
1.1 Transformer Oil Product Overview
1.2 Transformer Oil Market Segment by Type
1.2.1 Mineral Oil-based Transformer Oil
1.2.2 Synthetic Oil-based Transformer Oil
1.2.3 Silicone-based Transformer Oil
1.2.4 Others
1.3 Global Transformer Oil Market Size by Type
1.3.1 Global Transformer Oil Market Size Overview by Type (2018-2029)
1.3.2 Global Transformer Oil Historic Market Size Review by Type (2018-2023)
1.3.3 Global Transformer Oil Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Transformer Oil Sales Breakdown by Type (2018-2023)
1.4.2 Europe Transformer Oil Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Transformer Oil Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Transformer Oil Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Transformer Oil Sales Breakdown by Type (2018-2023)
2 Global Transformer Oil Market Competition by Company
2.1 Global Top Players by Transformer Oil Sales (2018-2023)
2.2 Global Top Players by Transformer Oil Revenue (2018-2023)
2.3 Global Top Players by Transformer Oil Price (2018-2023)
2.4 Global Top Manufacturers Transformer Oil Manufacturing Base Distribution, Sales Area, Product Type
2.5 Transformer Oil Market Competitive Situation and Trends
2.5.1 Transformer Oil Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Transformer Oil Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Transformer Oil as of 2022)
2.7 Date of Key Manufacturers Enter into Transformer Oil Market
2.8 Key Manufacturers Transformer Oil Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Transformer Oil Status and Outlook by Region
3.1 Global Transformer Oil Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Transformer Oil Historic Market Size by Region
3.2.1 Global Transformer Oil Sales in Volume by Region (2018-2023)
3.2.2 Global Transformer Oil Sales in Value by Region (2018-2023)
3.2.3 Global Transformer Oil Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Transformer Oil Forecasted Market Size by Region
3.3.1 Global Transformer Oil Sales in Volume by Region (2024-2029)
3.3.2 Global Transformer Oil Sales in Value by Region (2024-2029)
3.3.3 Global Transformer Oil Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Transformer Oil by Application
4.1 Transformer Oil Market Segment by Application
4.1.1 Ordinary Transformer
4.1.2 EHV Transformer
4.2 Global Transformer Oil Market Size by Application
4.2.1 Global Transformer Oil Market Size Overview by Application (2018-2029)
4.2.2 Global Transformer Oil Historic Market Size Review by Application (2018-2023)
4.2.3 Global Transformer Oil Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Transformer Oil Sales Breakdown by Application (2018-2023)
4.3.2 Europe Transformer Oil Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Transformer Oil Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Transformer Oil Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Transformer Oil Sales Breakdown by Application (2018-2023)
5 North America Transformer Oil by Country
5.1 North America Transformer Oil Historic Market Size by Country
5.1.1 North America Transformer Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Transformer Oil Sales in Volume by Country (2018-2023)
5.1.3 North America Transformer Oil Sales in Value by Country (2018-2023)
5.2 North America Transformer Oil Forecasted Market Size by Country
5.2.1 North America Transformer Oil Sales in Volume by Country (2024-2029)
5.2.2 North America Transformer Oil Sales in Value by Country (2024-2029)
6 Europe Transformer Oil by Country
6.1 Europe Transformer Oil Historic Market Size by Country
6.1.1 Europe Transformer Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Transformer Oil Sales in Volume by Country (2018-2023)
6.1.3 Europe Transformer Oil Sales in Value by Country (2018-2023)
6.2 Europe Transformer Oil Forecasted Market Size by Country
6.2.1 Europe Transformer Oil Sales in Volume by Country (2024-2029)
6.2.2 Europe Transformer Oil Sales in Value by Country (2024-2029)
7 Asia-Pacific Transformer Oil by Region
7.1 Asia-Pacific Transformer Oil Historic Market Size by Region
7.1.1 Asia-Pacific Transformer Oil Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Transformer Oil Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Transformer Oil Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Transformer Oil Forecasted Market Size by Region
7.2.1 Asia-Pacific Transformer Oil Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Transformer Oil Sales in Value by Region (2024-2029)
8 Latin America Transformer Oil by Country
8.1 Latin America Transformer Oil Historic Market Size by Country
8.1.1 Latin America Transformer Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Transformer Oil Sales in Volume by Country (2018-2023)
8.1.3 Latin America Transformer Oil Sales in Value by Country (2018-2023)
8.2 Latin America Transformer Oil Forecasted Market Size by Country
8.2.1 Latin America Transformer Oil Sales in Volume by Country (2024-2029)
8.2.2 Latin America Transformer Oil Sales in Value by Country (2024-2029)
9 Middle East and Africa Transformer Oil by Country
9.1 Middle East and Africa Transformer Oil Historic Market Size by Country
9.1.1 Middle East and Africa Transformer Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Transformer Oil Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Transformer Oil Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Transformer Oil Forecasted Market Size by Country
9.2.1 Middle East and Africa Transformer Oil Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Transformer Oil Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Petrochina
10.1.1 Petrochina Company Information
10.1.2 Petrochina Introduction and Business Overview
10.1.3 Petrochina Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Petrochina Transformer Oil Products Offered
10.1.5 Petrochina Recent Development
10.2 Apar Industry
10.2.1 Apar Industry Company Information
10.2.2 Apar Industry Introduction and Business Overview
10.2.3 Apar Industry Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Apar Industry Transformer Oil Products Offered
10.2.5 Apar Industry Recent Development
10.3 CNOOC
10.3.1 CNOOC Company Information
10.3.2 CNOOC Introduction and Business Overview
10.3.3 CNOOC Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.3.4 CNOOC Transformer Oil Products Offered
10.3.5 CNOOC Recent Development
10.4 Sinopec
10.4.1 Sinopec Company Information
10.4.2 Sinopec Introduction and Business Overview
10.4.3 Sinopec Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sinopec Transformer Oil Products Offered
10.4.5 Sinopec Recent Development
10.5 Savita Oil
10.5.1 Savita Oil Company Information
10.5.2 Savita Oil Introduction and Business Overview
10.5.3 Savita Oil Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Savita Oil Transformer Oil Products Offered
10.5.5 Savita Oil Recent Development
10.6 Jiangsu Gaoke
10.6.1 Jiangsu Gaoke Company Information
10.6.2 Jiangsu Gaoke Introduction and Business Overview
10.6.3 Jiangsu Gaoke Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Jiangsu Gaoke Transformer Oil Products Offered
10.6.5 Jiangsu Gaoke Recent Development
10.7 Raj Petro Specialties
10.7.1 Raj Petro Specialties Company Information
10.7.2 Raj Petro Specialties Introduction and Business Overview
10.7.3 Raj Petro Specialties Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Raj Petro Specialties Transformer Oil Products Offered
10.7.5 Raj Petro Specialties Recent Development
10.8 JXTG
10.8.1 JXTG Company Information
10.8.2 JXTG Introduction and Business Overview
10.8.3 JXTG Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.8.4 JXTG Transformer Oil Products Offered
10.8.5 JXTG Recent Development
10.9 Nynas
10.9.1 Nynas Company Information
10.9.2 Nynas Introduction and Business Overview
10.9.3 Nynas Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Nynas Transformer Oil Products Offered
10.9.5 Nynas Recent Development
10.10 Jiangsu Shuangjiang
10.10.1 Jiangsu Shuangjiang Company Information
10.10.2 Jiangsu Shuangjiang Introduction and Business Overview
10.10.3 Jiangsu Shuangjiang Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Jiangsu Shuangjiang Transformer Oil Products Offered
10.10.5 Jiangsu Shuangjiang Recent Development
10.11 Shell
10.11.1 Shell Company Information
10.11.2 Shell Introduction and Business Overview
10.11.3 Shell Transformer Oil Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Shell Transformer Oil Products Offered
10.11.5 Shell Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Transformer Oil Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Transformer Oil Industrial Chain Analysis
11.4 Transformer Oil Market Dynamics
11.4.1 Transformer Oil Industry Trends
11.4.2 Transformer Oil Market Drivers
11.4.3 Transformer Oil Market Challenges
11.4.4 Transformer Oil Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Transformer Oil Distributors
12.3 Transformer Oil Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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