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Global Turbine Oils Market Research Report 2024
Synopsis
Turbine oil lubricants are used in the power generation, manufacturing, and mobility industries to address the specific needs of turbine machineries. These lubricants are formulated and are specifically made for power generation turbines. Steam, gas, and hydropower power generation turbines use lubricant oils known as R&O (rust and oxidation inhibited oils). Turbine equipment characteristics such as operating cycles, geometry, operating temperatures, maintenance practices, and the potential for system contamination present specific lubricating oil demands. Turbine oils are formulated in such a way that they shed water and allow solid waste particles to settle so that they can be removed later. Most turbine oils are formulated with high levels of detergents or dispersants that can clean and carry away all the contaminants. As turbine oils are not exposed to any soot or fuel, they do not have to be replaced and drained at frequent levels.
The global Turbine Oils market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
In the past few years, there have been increasing concerns pertaining to reduction of carbon emissions, as a result, lubricant end users are preferring use of environmentally friendly turbine oils over that of conventional metalworking fluids. The trend is expected to continue in the future years. Besides, rising demand for electricity in regions across the globe, has resulted in increasing need for installation of new gas, steam and hydroelectric power turbines. Also, increasingly stringent regulations pertaining to carbon emissions are being implemented by various countries across the globe. These demand higher performance of turbines, which has been translating into rising demand for turbine oils from heavy engineering industry. Also, major manufacturers of turbines, such as General Electric and Siemens, have been investing substantially in the development of advanced turbines, which is expected to, in turn, drive the demand for turbine oils.
This report aims to provide a comprehensive presentation of the global market for Turbine Oils, 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 Turbine Oils.
Report Scope
The Turbine Oils 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 Turbine Oils 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 Turbine Oils 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.
Market Segmentation
By Company
Chevron Lubricants
Shell
Exxon Mobil
Sinopec
Eastman Chemical
Lubrizol
Exol Lubricants
LUKOIL
Segment by Type
Mineral Oil-Based Turbine Oils
Synthetic Oil-Based Turbine Oils
Segment by Application
Steam Turbines
Gas Turbines
Wind Turbines
Hydroelectric Turbines
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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 Turbine Oils manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Turbine Oils 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 Turbine Oils 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.
Turbine oil lubricants are used in the power generation, manufacturing, and mobility industries to address the specific needs of turbine machineries. These lubricants are formulated and are specifically made for power generation turbines. Steam, gas, and hydropower power generation turbines use lubricant oils known as R&O (rust and oxidation inhibited oils). Turbine equipment characteristics such as operating cycles, geometry, operating temperatures, maintenance practices, and the potential for system contamination present specific lubricating oil demands. Turbine oils are formulated in such a way that they shed water and allow solid waste particles to settle so that they can be removed later. Most turbine oils are formulated with high levels of detergents or dispersants that can clean and carry away all the contaminants. As turbine oils are not exposed to any soot or fuel, they do not have to be replaced and drained at frequent levels.
The global Turbine Oils market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
In the past few years, there have been increasing concerns pertaining to reduction of carbon emissions, as a result, lubricant end users are preferring use of environmentally friendly turbine oils over that of conventional metalworking fluids. The trend is expected to continue in the future years. Besides, rising demand for electricity in regions across the globe, has resulted in increasing need for installation of new gas, steam and hydroelectric power turbines. Also, increasingly stringent regulations pertaining to carbon emissions are being implemented by various countries across the globe. These demand higher performance of turbines, which has been translating into rising demand for turbine oils from heavy engineering industry. Also, major manufacturers of turbines, such as General Electric and Siemens, have been investing substantially in the development of advanced turbines, which is expected to, in turn, drive the demand for turbine oils.
This report aims to provide a comprehensive presentation of the global market for Turbine Oils, 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 Turbine Oils.
Report Scope
The Turbine Oils 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 Turbine Oils 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 Turbine Oils 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.
Market Segmentation
By Company
Chevron Lubricants
Shell
Exxon Mobil
Sinopec
Eastman Chemical
Lubrizol
Exol Lubricants
LUKOIL
Segment by Type
Mineral Oil-Based Turbine Oils
Synthetic Oil-Based Turbine Oils
Segment by Application
Steam Turbines
Gas Turbines
Wind Turbines
Hydroelectric Turbines
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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 Turbine Oils manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Turbine Oils 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 Turbine Oils 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.
Index1 Turbine Oils Market Overview
1.1 Product Definition
1.2 Turbine Oils Segment by Type
1.2.1 Global Turbine Oils Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Mineral Oil-Based Turbine Oils
1.2.3 Synthetic Oil-Based Turbine Oils
1.3 Turbine Oils Segment by Application
1.3.1 Global Turbine Oils Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Steam Turbines
1.3.3 Gas Turbines
1.3.4 Wind Turbines
1.3.5 Hydroelectric Turbines
1.4 Global Market Growth Prospects
1.4.1 Global Turbine Oils Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Turbine Oils Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Turbine Oils Production Estimates and Forecasts (2019-2030)
1.4.4 Global Turbine Oils Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Turbine Oils Production Market Share by Manufacturers (2019-2024)
2.2 Global Turbine Oils Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Turbine Oils, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Turbine Oils Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Turbine Oils Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Turbine Oils, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Turbine Oils, Product Offered and Application
2.8 Global Key Manufacturers of Turbine Oils, Date of Enter into This Industry
2.9 Turbine Oils Market Competitive Situation and Trends
2.9.1 Turbine Oils Market Concentration Rate
2.9.2 Global 5 and 10 Largest Turbine Oils Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Turbine Oils Production by Region
3.1 Global Turbine Oils Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Turbine Oils Production Value by Region (2019-2030)
3.2.1 Global Turbine Oils Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Turbine Oils by Region (2025-2030)
3.3 Global Turbine Oils Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Turbine Oils Production by Region (2019-2030)
3.4.1 Global Turbine Oils Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Turbine Oils by Region (2025-2030)
3.5 Global Turbine Oils Market Price Analysis by Region (2019-2024)
3.6 Global Turbine Oils Production and Value, Year-over-Year Growth
3.6.1 North America Turbine Oils Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Turbine Oils Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Turbine Oils Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Turbine Oils Production Value Estimates and Forecasts (2019-2030)
4 Turbine Oils Consumption by Region
4.1 Global Turbine Oils Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Turbine Oils Consumption by Region (2019-2030)
4.2.1 Global Turbine Oils Consumption by Region (2019-2024)
4.2.2 Global Turbine Oils Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Turbine Oils Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Turbine Oils Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Turbine Oils Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Turbine Oils 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 Turbine Oils Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Turbine Oils 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 Turbine Oils Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Turbine Oils Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Turbine Oils Production by Type (2019-2030)
5.1.1 Global Turbine Oils Production by Type (2019-2024)
5.1.2 Global Turbine Oils Production by Type (2025-2030)
5.1.3 Global Turbine Oils Production Market Share by Type (2019-2030)
5.2 Global Turbine Oils Production Value by Type (2019-2030)
5.2.1 Global Turbine Oils Production Value by Type (2019-2024)
5.2.2 Global Turbine Oils Production Value by Type (2025-2030)
5.2.3 Global Turbine Oils Production Value Market Share by Type (2019-2030)
5.3 Global Turbine Oils Price by Type (2019-2030)
6 Segment by Application
6.1 Global Turbine Oils Production by Application (2019-2030)
6.1.1 Global Turbine Oils Production by Application (2019-2024)
6.1.2 Global Turbine Oils Production by Application (2025-2030)
6.1.3 Global Turbine Oils Production Market Share by Application (2019-2030)
6.2 Global Turbine Oils Production Value by Application (2019-2030)
6.2.1 Global Turbine Oils Production Value by Application (2019-2024)
6.2.2 Global Turbine Oils Production Value by Application (2025-2030)
6.2.3 Global Turbine Oils Production Value Market Share by Application (2019-2030)
6.3 Global Turbine Oils Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Chevron Lubricants
7.1.1 Chevron Lubricants Turbine Oils Corporation Information
7.1.2 Chevron Lubricants Turbine Oils Product Portfolio
7.1.3 Chevron Lubricants Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Chevron Lubricants Main Business and Markets Served
7.1.5 Chevron Lubricants Recent Developments/Updates
7.2 Shell
7.2.1 Shell Turbine Oils Corporation Information
7.2.2 Shell Turbine Oils Product Portfolio
7.2.3 Shell Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Shell Main Business and Markets Served
7.2.5 Shell Recent Developments/Updates
7.3 Exxon Mobil
7.3.1 Exxon Mobil Turbine Oils Corporation Information
7.3.2 Exxon Mobil Turbine Oils Product Portfolio
7.3.3 Exxon Mobil Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Exxon Mobil Main Business and Markets Served
7.3.5 Exxon Mobil Recent Developments/Updates
7.4 Sinopec
7.4.1 Sinopec Turbine Oils Corporation Information
7.4.2 Sinopec Turbine Oils Product Portfolio
7.4.3 Sinopec Turbine Oils 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 Eastman Chemical
7.5.1 Eastman Chemical Turbine Oils Corporation Information
7.5.2 Eastman Chemical Turbine Oils Product Portfolio
7.5.3 Eastman Chemical Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Eastman Chemical Main Business and Markets Served
7.5.5 Eastman Chemical Recent Developments/Updates
7.6 Lubrizol
7.6.1 Lubrizol Turbine Oils Corporation Information
7.6.2 Lubrizol Turbine Oils Product Portfolio
7.6.3 Lubrizol Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Lubrizol Main Business and Markets Served
7.6.5 Lubrizol Recent Developments/Updates
7.7 Exol Lubricants
7.7.1 Exol Lubricants Turbine Oils Corporation Information
7.7.2 Exol Lubricants Turbine Oils Product Portfolio
7.7.3 Exol Lubricants Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Exol Lubricants Main Business and Markets Served
7.7.5 Exol Lubricants Recent Developments/Updates
7.8 LUKOIL
7.8.1 LUKOIL Turbine Oils Corporation Information
7.8.2 LUKOIL Turbine Oils Product Portfolio
7.8.3 LUKOIL Turbine Oils Production, Value, Price and Gross Margin (2019-2024)
7.8.4 LUKOIL Main Business and Markets Served
7.7.5 LUKOIL Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Turbine Oils Industry Chain Analysis
8.2 Turbine Oils Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Turbine Oils Production Mode & Process
8.4 Turbine Oils Sales and Marketing
8.4.1 Turbine Oils Sales Channels
8.4.2 Turbine Oils Distributors
8.5 Turbine Oils Customers
9 Turbine Oils Market Dynamics
9.1 Turbine Oils Industry Trends
9.2 Turbine Oils Market Drivers
9.3 Turbine Oils Market Challenges
9.4 Turbine Oils 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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