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.

Global transformer oil market growth is driven by the increasing electric demand in developing economies such as India, Brazil, and South Africa, which are expected to enhance their grid infrastructure to increase the electricity accessibility to the region’s population.

Global transformer oil market is expected to grow from $1.98 Billion in 2015 to $2.79 Billion by 2020 at a CAGR of 7.14% from 2015 to 2020.

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Target Audience:

Transformer oil manufacturers, dealers, and suppliers, material providers, consulting companies in the energy and power sector, government and research organizations, government utility providers, private utility providers, private customers, network operators, smart grid players, venture capital firms, and investment banks.

Opportunities:

· Rising Power Requirement in Asia-Pacific & Africa

· Upcoming Power Projects in Brazil, India, China, & Russia

· Increasing Demand of Bio-Based Transformer Oil

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The growing transmission and distribution network across globe is key drivers for transformer oil market growth. Significant T&D expansion projects are ongoing in Asia-Pacific which is expected to be the biggest and the fastest growing market for transformer oil.

Key Players:

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.

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