Transformer Oil Market Worth $2.73 Billion by 2018 - A Report by MarketsandMarkets
(PRWEB) May 08, 2014 -- The report “Transformer Oil Market by Types (Mineral Oil - Naphthenic & Paraffinic, Silicone, and Bio-based), Applications (Small & Large Transformers, Utility) & Geography - Global Industry Trends & Forecast to 2018’’, defines and segments the transformer oil market with analysis and forecast of the global volume and revenue. Global transformer oil market is expected to grow from $1.76 billion in 2013 to $2.73 billion by 2018, with a CAGR of 9.21% from 2013 to 2018. In this, mineral oil-based transformer oil is expected to occupy the major share, as compared to silicone and bio-based transformer oils for the next five years.
Browse 91 market data tables and 40 figures spread through 275 pages and in-depth TOC on “Transformer Oil Market by Types - Global Industry Trends & Forecast to 2018”
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Asia-Pacific: The Largest Market For Transformer Oils
In 2013, Asia-Pacific is estimated to be the largest market for transformer oils and would remain the top consumer till the year 2018. The North American market would be the second largest transformer oil consumer, whereas, Europe is expected to be the third largest in 2013. This demand trend is predicted to remain unchanged for the next five years.
Mineral Oil Based Transformer Oil: Extensively Consumed Across The Globe
Considering transformer oil consumption by types (Mineral oil - naphthenic & paraffinic, silicone, and bio-based), mineral oil is estimated to constitute the largest consumption share as of 2013, and is expected to be the largest segment by 2018. Naphthenic oil is estimated to constitute the largest mineral oil consumption share in 2013.
Small Transformers: Major Application Segment For Transformer Oils
Transformers having capacity rating below 5 MVA are considered as small. Majority of small transformers are distribution transformers, which form an important part of a power generation and distribution system. Thus, it is necessary that these transformers have the specified oil content to insulate and dissipate heat into the atmosphere. With an increasing population, rising power requirements, growing transition towards renewables, the power distribution network is increasing, giving rise to the usage of distribution transformers that in turn gives rise to the demand of transformer oil. In 2013, small transformers are estimated to have the largest transformer oil consumption share followed by large ones, and utility transformer.
The report covers global transformer oil market in terms of consumption (thousand liters) and revenue ($million) across regions such as Asia-Pacific, Europe, North America, and ROW. It explains qualitative and quantitative aspects of transformer oil types such as mineral oil – naphthenic & paraffinic, silicone, and bio-based transformer oils. The report briefly explains the transformer oil market by geography and types. It also explains trends in its consumption from 2011 to 2018. However, the scope of the report is limited to analysis, estimations, and forecast about transformer oil market based on their types, geography, and applications.
The report also touches the technical as well as other important aspects of transformer oil market. It includes an analysis of the value chain, Porters’ five forces analysis, the competitive landscape, and company profiles. In addition to this, 10 key players in the market also have been profiled.
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