According to Stratistics MRC, the Global Transformer Oil Market is accounted for $1.96 billion in 2021 and is expected to reach $3.49 billion by 2028 growing at a CAGR of 8.6% during the forecast period.
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Transformer Oil is oil that is stable at high temperatures and an exceptional insulator for electricity. This transformer oil is majorly derivatives of mineral oils, but substitute composition with better physical and chemical properties is growing in demand. Transformer oil is used in electrical power transformers to serve as a coolant and suppress corona discharge.
Some of the key players profiled in the Transformer Oil Market include Apar Industries Limited, Cargill, Incorporated, China Petroleum & Chemical Corporation, Dairen Chemical Corp, Eden Oils., Engen Limited, Ergon Inc., Gandhar Oil Refinery (India) Limited, Hydrodec Group plc, Nynas AB, Royal Dutch Shell, San Joaquin Refining Co. Inc., Valvoline Inc.
Oil Types Covered:
• Mineral Oil
• Synthetic Oils
• Silicone
• Bio-Based
• Other Oil Types
Functions Covered:
• Chemical Stabilizer
• Cooling Agent
• Insulator
• Lubricant
Transformer Types Covered:
• Distribution Transformer
• Instrument Transformer
• Large-Scale Transformers
• Power Transformer
• Small-Scale Transformers
• Transformer
• Utility Transformers
• Oil Filled Transformer
Applications Covered:
• Circuit Breakers
• Reactor
• Switchgear
• Other Applications
End Users Covered:
• Residential
• Commercial
• Industrial
• Transmission and Distribution
• Railways & Metros
• Power Generation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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