Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Insulating 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 Insulating Oil. This report contains market size and forecasts of Insulating Oil in global, including the following market information:
Global Insulating Oil Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Insulating Oil Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Insulating Oil companies in 2022 (%)
The global Insulating Oil market was valued at US$ 2836.3 million in 2022 and is projected to reach US$ 3368.8 million by 2029, at a CAGR of 2.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Insulating Oil main players are Nynas, Petrochina, Apar Industry, Ergon, etc. Global top four manufacturers hold a share over 45%. China is the largest market, with a share nearly 30%.
We surveyed the Insulating Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Insulating Oil Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Insulating Oil Market Segment Percentages, by Type, 2022 (%)
Mineral Oil-based Insulating Oil
Silicone-based Insulating Oil
Synthetic Oil-based Insulating Oil
Global Insulating Oil Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Insulating Oil Market Segment Percentages, by Application, 2022 (%)
Ordinary Transformer
EHV Transformer
Global Insulating Oil Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Insulating Oil Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Insulating Oil revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Insulating Oil revenues share in global market, 2022 (%)
Key companies Insulating Oil sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Insulating Oil sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nynas
Petrochina
Ergon
Apar Industry
CNOOC
Shell
Sinopec
Savita Oil
Calumet
Engen Petroleum
Valvoline
Jiangsu Gaoke
Raj Petro Specialties
Jiangsu Shuangjiang
Hydrodec
Cargill
Dow Corning
Outline of Major Chapters:
Chapter 1: Introduces the definition of Insulating Oil, market overview.
Chapter 2: Global Insulating Oil market size in revenue and volume.
Chapter 3: Detailed analysis of Insulating Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Insulating 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Insulating Oil capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
