According to a market report by Lucintel, the future of the global transformer oil market looks promising with opportunities in the transformer, reactor, and switchgear end uses. The global transformer oil market is expected to reach an estimated $3 billion by 2030 from $2 billion in 2024 at a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are need amplifying the development of the electric grid network across the globe and upgrading electric grid systems and embracing smart grid technology in advanced economies.
A more than 150-page report to
understand trends, opportunity and
forecast in global transformer oil market to 2030 by oil type (mineral oil, silicone
oil, and bio-based oil), application (transformer, reactor, and switchgear),
end use (transmission and distribution, railways & metros, power
generation, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel
forecasts that mineral oil will remain the largest segment over the forecast
period due to balance of performance, cost, and availability.
Within
this market, transformer is expected to witness the higher growth due to
escalating energy requirements and aging transformer infrastructure.
Download
sample by clicking on transformer oil
market.
APAC is expected
to witness highest growth over the forecast period due to elevating the need
for transformer oil.
Nynas,
Ergon, Shell, Calumet Specialty Products Partners, APAR Industries, PetroChina
Company, Exxon Mobil, Repsol, Sinopec Lubricant, Savita Oil Technologies are
the major suppliers in the transformer
oil market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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