Industry Background:
Transformer oil is also referred to as insulating oil, that is stable at the condition of extreme temperatures and it has superior electrical insulating characteristics. It is utilized in the oil-filled transformers, fluorescent lamp ballasts, high-voltage capacitors, and high-voltage switches as well as the circuit breakers. Transformer oil is also been utilized to preserve the transformer’s core and windings as these are fully immersed in the oil. Another significant property which is driving the transformer oil market size is its ability to prevent oxidation. Transformer oil basically serves two important functions in a transformer that is suppression of arcing and dissipation of the heat generated inside the transformers.
This growth is primarily driven by New Investments in the Power Sector in South Asia & Africa, Upgrade of Electric Grids in North America and Increasing Demand From OEMs.
Globally, a noticeable market trend is evident Expansion of Electric Grids in Brics Nations. Major Vendors, such as Nynas AB (Sweden), Ergon Inc. (United States), PetroChina Company Limited (China), Apar Industries Limited (India), Calumet Specialty Products Partners, L.P. (United States), Shell (Netherlands), Sinopec (China), Hydrodec (United Kingdom), Jiangsu Shuangjiang (China) and Jiangsu Gaoke (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- New Investments in the Power Sector in South Asia & Africa
- Upgrade of Electric Grids in North America
- Increasing Demand From OEMs
Market Trend
- Expansion of Electric Grids in Brics Nations
Restraints
- Increasing Demand for Dry Type Transformers
- Corrosive Effect of Sulfur Present in Transformer Oil
Opportunities
Rising Power Requirement in Asia-Pacific & Africa, Upcoming Power Projects in Brazil, India, China, & Russia and Increasing Demand of Bio-Based Transformer Oil
Challenges
Volatile Crude Oil Prices
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Transformer Oil Study Sheds Light on
The Transformer Oil Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Transformer Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Transformer Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.