Global Transformer Oil Market Size & Outlook, 2022-2030
Global transformer oil market, 2018-2030 (US$M)
Related Markets
Global transformer oil market highlights
- The global transformer oil market generated a revenue of USD 2,103.2 million in 2022 and is expected to reach USD 5,388.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 12.5% by 2030.
- In terms of segment, mineral oil accounted for a revenue of USD 1,565.6 million in 2022.
- Bio Based oil is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,103.2 million |
| Market revenue in 2030 | USD 5,388.8 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Mineral oil |
| Fastest growing segment | Bio Based oil |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Oil, Silicon Oil, Bio Based oil |
Other key industry trends
- In terms of revenue, the North America accounted for 12.8% of the global transformer oil market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 1,477.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Transformer Oil Market Scope
Transformer Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ergon | View profile | 1001-5000 | Flowood, Mississippi, United States, North America | http://ergon.com |
| Nynas | View profile | 1001-5000 | Stockholm, Stockholms Lan, Sweden, Europe | https://www.nynas.com/ |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
Global transformer oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to transformer oil market will help companies and investors design strategic landscapes.
Mineral oil was the largest segment with a revenue share of 74.44% in 2022. Horizon Databook has segmented the Global transformer oil market based on mineral oil, silicon oil, bio based oil covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Transformer Oil Product Outlook (Revenue, USD Million, 2018-2030)
- Mineral Oil
- Nepthanic Oil
- Paraffinic Oil
- Silicon Oil
- Bio Based oil
- Mineral Oil
- Global Transformer Oil End Use Outlook (Revenue, USD Million, 2018-2030)
- Small Scale Transformers
- Large Scale Transformers
- Utilites
- Others
Reasons to subscribe to Global transformer oil market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global transformer oil market databook
-
Our clientele includes a mix of transformer oil market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global transformer oil market , including forecasts for subscribers. This global databook contains high-level insights into Global transformer oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global transformer oil market size, by regions, 2018-2030 (US$M)
Top 10 countries: Transformer oil market size, 2022 (US$M)
Global transformer oil market share, by product, 2022 & 2030 (%, US$M)
Transformer oil market: Opportunity assessment by country
Global transformer oil market, by region, 2022 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
