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Synopsis
Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.
The global Transformer Oil market was valued at US$ 2664.3 million in 2023 and is anticipated to reach US$ 3836.7 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
In the Middle East, Africa and Asia markets, the major producers are PetroChina, APAR Industry, CNOOC, Sinopec and Savita Oil, with a combined market share of 56%.
This report aims to provide a comprehensive presentation of the global market for Transformer Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transformer Oil.
Report Scope
The Transformer Oil market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Transformer Oil market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Transformer Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
- Petrochina
- Apar Industry
- CNOOC
- Sinopec
- Savita Oil
- Jiangsu Gaoke
- Raj Petro Specialties
- JXTG
- Nynas
- Jiangsu Shuangjiang
- Shell
Segment by Type
- Mineral Oil-based Transformer Oil
- Synthetic Oil-based Transformer Oil
- Silicone-based Transformer Oil
- Others
Segment by Application
- Ordinary Transformer
- EHV Transformer
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Transformer Oil manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Transformer Oil by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Transformer Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index
1 Transformer Oil Market Overview
1.1 Product Definition
1.2 Transformer Oil Segment by Type
1.2.1 Global Transformer Oil Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Mineral Oil-based Transformer Oil
1.2.3 Synthetic Oil-based Transformer Oil
1.2.4 Silicone-based Transformer Oil
1.2.5 Others
1.3 Transformer Oil Segment by Application
1.3.1 Global Transformer Oil Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Ordinary Transformer
1.3.3 EHV Transformer
1.4 Global Market Growth Prospects
1.4.1 Global Transformer Oil Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Transformer Oil Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Transformer Oil Production Estimates and Forecasts (2019-2030)
1.4.4 Global Transformer Oil Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Transformer Oil Production Market Share by Manufacturers (2019-2024)
2.2 Global Transformer Oil Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Transformer Oil, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Transformer Oil Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Transformer Oil Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Transformer Oil, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Transformer Oil, Product Offered and Application
2.8 Global Key Manufacturers of Transformer Oil, Date of Enter into This Industry
2.9 Transformer Oil Market Competitive Situation and Trends
2.9.1 Transformer Oil Market Concentration Rate
2.9.2 Global 5 and 10 Largest Transformer Oil Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Transformer Oil Production by Region
3.1 Global Transformer Oil Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Transformer Oil Production Value by Region (2019-2030)
3.2.1 Global Transformer Oil Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Transformer Oil by Region (2025-2030)
3.3 Global Transformer Oil Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Transformer Oil Production by Region (2019-2030)
3.4.1 Global Transformer Oil Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Transformer Oil by Region (2025-2030)
3.5 Global Transformer Oil Market Price Analysis by Region (2019-2024)
3.6 Global Transformer Oil Production and Value, Year-over-Year Growth
3.6.1 North America Transformer Oil Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Transformer Oil Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Transformer Oil Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Transformer Oil Production Value Estimates and Forecasts (2019-2030)
4 Transformer Oil Consumption by Region
4.1 Global Transformer Oil Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Transformer Oil Consumption by Region (2019-2030)
4.2.1 Global Transformer Oil Consumption by Region (2019-2024)
4.2.2 Global Transformer Oil Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Transformer Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Transformer Oil Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Transformer Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Transformer Oil Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Transformer Oil Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Transformer Oil Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Transformer Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Transformer Oil Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Transformer Oil Production by Type (2019-2030)
5.1.1 Global Transformer Oil Production by Type (2019-2024)
5.1.2 Global Transformer Oil Production by Type (2025-2030)
5.1.3 Global Transformer Oil Production Market Share by Type (2019-2030)
5.2 Global Transformer Oil Production Value by Type (2019-2030)
5.2.1 Global Transformer Oil Production Value by Type (2019-2024)
5.2.2 Global Transformer Oil Production Value by Type (2025-2030)
5.2.3 Global Transformer Oil Production Value Market Share by Type (2019-2030)
5.3 Global Transformer Oil Price by Type (2019-2030)
6 Segment by Application
6.1 Global Transformer Oil Production by Application (2019-2030)
6.1.1 Global Transformer Oil Production by Application (2019-2024)
6.1.2 Global Transformer Oil Production by Application (2025-2030)
6.1.3 Global Transformer Oil Production Market Share by Application (2019-2030)
6.2 Global Transformer Oil Production Value by Application (2019-2030)
6.2.1 Global Transformer Oil Production Value by Application (2019-2024)
6.2.2 Global Transformer Oil Production Value by Application (2025-2030)
6.2.3 Global Transformer Oil Production Value Market Share by Application (2019-2030)
6.3 Global Transformer Oil Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Petrochina
7.1.1 Petrochina Transformer Oil Corporation Information
7.1.2 Petrochina Transformer Oil Product Portfolio
7.1.3 Petrochina Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Petrochina Main Business and Markets Served
7.1.5 Petrochina Recent Developments/Updates
7.2 Apar Industry
7.2.1 Apar Industry Transformer Oil Corporation Information
7.2.2 Apar Industry Transformer Oil Product Portfolio
7.2.3 Apar Industry Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Apar Industry Main Business and Markets Served
7.2.5 Apar Industry Recent Developments/Updates
7.3 CNOOC
7.3.1 CNOOC Transformer Oil Corporation Information
7.3.2 CNOOC Transformer Oil Product Portfolio
7.3.3 CNOOC Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.3.4 CNOOC Main Business and Markets Served
7.3.5 CNOOC Recent Developments/Updates
7.4 Sinopec
7.4.1 Sinopec Transformer Oil Corporation Information
7.4.2 Sinopec Transformer Oil Product Portfolio
7.4.3 Sinopec Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Sinopec Main Business and Markets Served
7.4.5 Sinopec Recent Developments/Updates
7.5 Savita Oil
7.5.1 Savita Oil Transformer Oil Corporation Information
7.5.2 Savita Oil Transformer Oil Product Portfolio
7.5.3 Savita Oil Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Savita Oil Main Business and Markets Served
7.5.5 Savita Oil Recent Developments/Updates
7.6 Jiangsu Gaoke
7.6.1 Jiangsu Gaoke Transformer Oil Corporation Information
7.6.2 Jiangsu Gaoke Transformer Oil Product Portfolio
7.6.3 Jiangsu Gaoke Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Jiangsu Gaoke Main Business and Markets Served
7.6.5 Jiangsu Gaoke Recent Developments/Updates
7.7 Raj Petro Specialties
7.7.1 Raj Petro Specialties Transformer Oil Corporation Information
7.7.2 Raj Petro Specialties Transformer Oil Product Portfolio
7.7.3 Raj Petro Specialties Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Raj Petro Specialties Main Business and Markets Served
7.7.5 Raj Petro Specialties Recent Developments/Updates
7.8 JXTG
7.8.1 JXTG Transformer Oil Corporation Information
7.8.2 JXTG Transformer Oil Product Portfolio
7.8.3 JXTG Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.8.4 JXTG Main Business and Markets Served
7.7.5 JXTG Recent Developments/Updates
7.9 Nynas
7.9.1 Nynas Transformer Oil Corporation Information
7.9.2 Nynas Transformer Oil Product Portfolio
7.9.3 Nynas Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Nynas Main Business and Markets Served
7.9.5 Nynas Recent Developments/Updates
7.10 Jiangsu Shuangjiang
7.10.1 Jiangsu Shuangjiang Transformer Oil Corporation Information
7.10.2 Jiangsu Shuangjiang Transformer Oil Product Portfolio
7.10.3 Jiangsu Shuangjiang Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Jiangsu Shuangjiang Main Business and Markets Served
7.10.5 Jiangsu Shuangjiang Recent Developments/Updates
7.11 Shell
7.11.1 Shell Transformer Oil Corporation Information
7.11.2 Shell Transformer Oil Product Portfolio
7.11.3 Shell Transformer Oil Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Shell Main Business and Markets Served
7.11.5 Shell Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Transformer Oil Industry Chain Analysis
8.2 Transformer Oil Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Transformer Oil Production Mode & Process
8.4 Transformer Oil Sales and Marketing
8.4.1 Transformer Oil Sales Channels
8.4.2 Transformer Oil Distributors
8.5 Transformer Oil Customers
9 Transformer Oil Market Dynamics
9.1 Transformer Oil Industry Trends
9.2 Transformer Oil Market Drivers
9.3 Transformer Oil Market Challenges
9.4 Transformer Oil Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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