Transformer Oil Global Market 2017 by Application, Data Validation, Analysis and Forecasts to 2023
ReportsWeb.com published “Transformer Oil Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
(EMAILWIRE.COM, September 07, 2017 ) According to Publisher, the Global Transformer Oil Market is accounted for $2.12 billion in 2016 and expected to grow at a CAGR of 8.2% to reach $3.68 billion by 2023. Factors such as modernization of existing transformers, renewable power generation capacity expansion, new investments in the power sector in south Asia & Africa, and growing demand from original equipment manufacturers (OEMs) are driving the market growth. However, corrosive nature of sulphur present in transformer oil, deterioration of transformer oil due to moisture ingress and increasing demand for dry type transformers are the constraints faced by the market. Further, volatility in crude oil prices presents a challenge to the market. Increasing demand of bio-based transformer oil and corrosion free transformer oil will provide ample opportunity for the market to grow.
Mineral oil based segment is anticipated to show attractive growth due to easy availability & also due to its good oxidative stability and high-temperature viscosity characteristics. However, the bio-based oil is expected to grow lucratively due to environmental benefits. Asia Pacific is the largest market due to the presence of emerging markets India and China which are attributed to focus on rural and urban development in infrastructure. There is a growing demand for transformer oil in North America and Europe.
For more information @ http://www.reportsweb.com/transformer-oil-global-market-outlook-2017-2023
Some of the key players in Global Transformer Oil Market are Mitsubishi Heavy Industries, Ltd., ABB Ltd., Aevitas., Alstom Inc., Apar industries limited., Asia Electrical Power Equipment (Shenzhen) Co.,Royal Dutch Shell Plc, Clean Oil Services Pty Ltd., Cargill Incorporated, Dow Corning, Gulf Oil Middle East Limited., Interpower International Ltd., Electrical Oil Services Ltd., ERFA Industries Group, Exxonmobil Corporation and Eaton Corporation Plc.
Applications Covered:
-Power Transformers
-Distribution Transformers
-Instrument & Other Transformer
Types Covered:
-Silicone-Based
-Bio-Based Oil
-Mineral Oil-Based
- Naphthenic Mineral Oil-Based
- Paraffinic Mineral Oil-Based
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Regions Covered:
-North America
- US
- Canada
- Mexico
-Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
-Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt
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Mineral oil based segment is anticipated to show attractive growth due to easy availability & also due to its good oxidative stability and high-temperature viscosity characteristics. However, the bio-based oil is expected to grow lucratively due to environmental benefits. Asia Pacific is the largest market due to the presence of emerging markets India and China which are attributed to focus on rural and urban development in infrastructure. There is a growing demand for transformer oil in North America and Europe.
For more information @ http://www.reportsweb.com/transformer-oil-global-market-outlook-2017-2023
Some of the key players in Global Transformer Oil Market are Mitsubishi Heavy Industries, Ltd., ABB Ltd., Aevitas., Alstom Inc., Apar industries limited., Asia Electrical Power Equipment (Shenzhen) Co.,Royal Dutch Shell Plc, Clean Oil Services Pty Ltd., Cargill Incorporated, Dow Corning, Gulf Oil Middle East Limited., Interpower International Ltd., Electrical Oil Services Ltd., ERFA Industries Group, Exxonmobil Corporation and Eaton Corporation Plc.
Applications Covered:
-Power Transformers
-Distribution Transformers
-Instrument & Other Transformer
Types Covered:
-Silicone-Based
-Bio-Based Oil
-Mineral Oil-Based
- Naphthenic Mineral Oil-Based
- Paraffinic Mineral Oil-Based
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001888527/sample
Regions Covered:
-North America
- US
- Canada
- Mexico
-Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
-Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001888527/buying
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results