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The Global Transformer Oil market is expected to reach $3.86 billion by 2026 growing at a CAGR of 8.9% from 2018 to 2026. Transformer oils are electrical insulating oils which are stable at elevated temperature, and serve two significant functions in a transformer, that is, suppression of arcing and dissipation of heat generated in the transformer. High demand for electricity, expansion of power grids, and rapid urbanization are driving the market growth. However, fluctuating raw material prices is restraining the market growth. Based on type, the mineral oil segment is going to have a lucrative growth during the forecast period due to its low price, easy availability and ability to operate without affecting the efficiency of the transformer. The key vendors mentioned are Valvoline, Sinopec Lubricant Company , Nynas AB, Cargill Inc, Calumet Specialty Products, Engen Petroleum Ltd, PetroChina Lubricant Company , Ergon International Inc, Royal Dutch Shell , Eden Oil, Hyrax Oil Sdn Bhd, San Joaquin Refining Co Ltd, Hydrodec Group Plc, Apar Industries Ltd, and HILUBO Oil Co Ltd. Functions Covered: • Lubricant • Insulator • Chemical Stabilizer • Cooling Agent Types Covered: • Synthetic Oils • Silicone • Bio-based • Mineral Oil Applications Covered: • Switchgear • Transformer • Reactor End Users Covered: • Power Generation • Railways & Metros • Transmission & Distribution Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2016 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Transformer Oil Market, By Function
5.1 Introduction
5.2 Lubricant
5.3 Insulator
5.4 Chemical Stabilizer
5.5 Cooling Agent
6 Global Transformer Oil Market, By Type
6.1 Introduction
6.2 Synthetic Oils
6.3 Silicone
6.4 Bio-based
6.5 Mineral Oil
7 Global Transformer Oil Market, By Application
7.1 Introduction
7.2 Switchgear
7.3 Transformer
7.4 Reactor
8 Global Transformer Oil Market, By End User
8.1 Introduction
8.2 Power Generation
8.3 Railways & Metros
8.4 Transmission & Distribution
9 Global Transformer Oil Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Valvoline
11.2 Sinopec Lubricant Company
11.3 Nynas AB
11.4 Cargill Inc
11.5 Calumet Specialty Products
11.6 Engen Petroleum Ltd
11.7 PetroChina Lubricant Company
11.8 Ergon International Inc
11.9 Royal Dutch Shell
11.10 Eden Oil
11.11 Hyrax Oil Sdn Bhd
11.12 San Joaquin Refining Co Ltd
11.13 Hydrodec Group Plc
11.14 Apar Industries Ltd
11.15 HILUBO Oil Co Ltd
List of Data Tables
Table 1 Global Transformer Oil Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Transformer Oil Market Outlook, By Function (2016-2026) ($MN)
Table 3 Global Transformer Oil Market Outlook, By Lubricant (2016-2026) ($MN)
Table 4 Global Transformer Oil Market Outlook, By Insulator (2016-2026) ($MN)
Table 5 Global Transformer Oil Market Outlook, By Chemical Stabilizer (2016-2026) ($MN)
Table 6 Global Transformer Oil Market Outlook, By Cooling Agent (2016-2026) ($MN)
Table 7 Global Transformer Oil Market Outlook, By Type (2016-2026) ($MN)
Table 8 Global Transformer Oil Market Outlook, By Synthetic Oils (2016-2026) ($MN)
Table 9 Global Transformer Oil Market Outlook, By Silicone (2016-2026) ($MN)
Table 10 Global Transformer Oil Market Outlook, By Bio-based (2016-2026) ($MN)
Table 11 Global Transformer Oil Market Outlook, By Mineral Oil (2016-2026) ($MN)
Table 12 Global Transformer Oil Market Outlook, By Application (2016-2026) ($MN)
Table 13 Global Transformer Oil Market Outlook, By Switchgear (2016-2026) ($MN)
Table 14 Global Transformer Oil Market Outlook, By Transformer (2016-2026) ($MN)
Table 15 Global Transformer Oil Market Outlook, By Reactor (2016-2026) ($MN)
Table 16 Global Transformer Oil Market Outlook, By End User (2016-2026) ($MN)
Table 17 Global Transformer Oil Market Outlook, By Power Generation (2016-2026) ($MN)
Table 18 Global Transformer Oil Market Outlook, By Railways & Metros (2016-2026) ($MN)
Table 19 Global Transformer Oil Market Outlook, By Transmission & Distribution (2016-2026) ($MN)
Table 20 North America Transformer Oil Market Outlook, By Function (2016-2026) ($MN)
Table 21 North America Transformer Oil Market Outlook, By Type (2016-2026) ($MN)
Table 22 North America Transformer Oil Market Outlook, By Application (2016-2026) ($MN)
Table 23 North America Transformer Oil Market Outlook, By End User (2016-2026) ($MN)
Table 24 Europe Transformer Oil Market Outlook, By Function (2016-2026) ($MN)
Table 25 Europe Transformer Oil Market Outlook, By Type (2016-2026) ($MN)
Table 26 Europe Transformer Oil Market Outlook, By Application (2016-2026) ($MN)
Table 27 Europe Transformer Oil Market Outlook, By End User (2016-2026) ($MN)
Table 28 Asia Pacific Transformer Oil Market Outlook, By Function (2016-2026) ($MN)
Table 29 Asia Pacific Transformer Oil Market Outlook, By Type (2016-2026) ($MN)
Table 30 Asia Pacific Transformer Oil Market Outlook, By Application (2016-2026) ($MN)
Table 31 Asia Pacific Transformer Oil Market Outlook, By End User (2016-2026) ($MN)
Table 32 South America Transformer Oil Market Outlook, By Function (2016-2026) ($MN)
Table 33 South America Transformer Oil Market Outlook, By Type (2016-2026) ($MN)
Table 34 South America Transformer Oil Market Outlook, By Application (2016-2026) ($MN)
Table 35 South America Transformer Oil Market Outlook, By End User (2016-2026) ($MN)
Table 36 Middle East & Africa Transformer Oil Market Outlook, By Function (2016-2026) ($MN)
Table 37 Middle East & Africa Transformer Oil Market Outlook, By Type (2016-2026) ($MN)
Table 38 Middle East & Africa Transformer Oil Market Outlook, By Application (2016-2026) ($MN)
Table 39 Middle East & Africa Transformer Oil Market Outlook, By End User (2016-2026) ($MN)