The Transformer Oil Global Market Report 2023, provides comprehensive information on the transformer oil market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global transformer oil market is expected to grow from $2.07 billion in 2022 to $2.22 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the transformer oil market is expected to grow to $2.89 billion in 2027 at a CAGR of 6.8%.
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Technological advancement is a key trend in the transformer oil market. Major companies operating in the transformer oil market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2020, Vaisala Oyj, a Finland-based manufacturer of products and services for environmental and industrial measurement, introduced a ground-breaking technique for finding power transformer air leaks. Vaisala’s Optimus DGA Monitor OPT100 is the first maintenance-free dissolved gas analyzer for power transformers in the world. The new method, based on determining the total pressure of all dissolved gases in the power transformer insulating oil, will enable customers to locate any air leaks early on. This can extend a transformer’s lifespan and save a lot of money.
The transformer oil market is segmented:
1) By Type: Naphthenic Oil, Paraffinic Oil, Silicone-based Oil, Bio-based Oil, Other Types
2) By Function: Insulator, Cooling Agent, Lubricant, Chemical Stabilizer
3) By Application: Residential, Commercial, Industrial
4) By End User: Transmission And Distribution, Railways And Metros, Power generation, Other End Users
Asia-Pacific was the largest region in the transformer oil market in 2022.
The table of contents in TBRC’s transformer oil market report includes:
- Executive Summary
- Transformer Oil Market Characteristics
- Transformer Oil Market Trends And Strategies
- Transformer Oil Market – Macro Economic Scenario
- Transformer Oil Market Size And Growth
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- Africa Transformer Oil Market
- Transformer Oil Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Transformer Oil Market
- Transformer Oil Market Future Outlook and Potential Analysis
- Appendix
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