New Report: Transformer Oil Market - Global Industry Trends & Forecast to 2017

From: Fast Market Research, Inc.
Published: Thu May 09 2013


Transformer oil is a dielectric fluid mainly used in oil filled electrical transformers as an insulating and cooling medium. It is usually obtained by fractional distillation and subsequent processing of crude oil. The primary purpose of transformer oil is to insulate and cool the transformer windings and core. These also preserve the core and winding as these are fully immersed in the oil and prevent contact of oxygen with the cellulose paper insulation of windings, which has high affinity towards oxidation. Three basic types of transformer oil used are mineral oil (mostly naphthenic), silicone, and bio-based. Mineral oil based transformer oils dominate the consumption as it has good electrical and cooling properties, and provides cost-effective solution.

Full Report Details at
- http://www.fastmr.com/prod/583799_transformer_oil_market_by_types_mineral_oil.aspx?afid=303

The report segments the market based on geography (Asia-Pacific, North America, Europe, ROW); types (mineral oil-naphthenic and paraffinic, silicone, and bio-based); and applications (small transformers, large transformers, and utility), and provides market forecast in terms of consumption (thousand liters) and revenue ($million) for aforesaid segments.

The global transformer oil market revenue is estimated to reach $2.46 billion by 2017. Major factors responsible for market growth include increasing power requirements in developing regions, rising investments, enlargement of electricity grids in developed regions and rising transition towards renewable energy resources. The key concerns in the industry pertain to the corrosive nature of sulfur present in transformer oil and flammable nature of mineral oil based transformer oils. Transformer manufacturers have started using bio-based oil which has higher dielectric strength and flash point, and lower pour point.

The report classifies and defines the consumption of transformer oils in the electrical equipment industry. It covers qualitative data about transformer oil properties and its functions. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the market. Key players of the industry are profiled in detail with their recent developments and other strategic initiatives. Some of these include Nynas (Sweden), Ergon (U.S.), PetroChina (China), Calumet (U.S.), and San Joaquin Refining (U.S.).

RISING CONSUMPTION OF BIO-BASED TRANSFORMER OILS

Increasing frequency of fire accidents in mineral oil based transformers and its non-biodegradable nature has led to an increasing consumption of bio-based transformer oils, which are incombustible and non-toxic in nature. The industry is observing a high rate in adoption of bio-based transformer oil due to these aspects; lately its growing preference is also observed globally.

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Variable Frequency/Speed Drives (VFD/VSD) Market - By Type , Voltage Range , Power Range and Application - Global Market Trends & Forecast to 2017
- Fuel Additives Market - By Diesel, Gasoline & Aviation Applications, Types (Deposit control, Antioxidant, Corrosion inhibitor, Lubricity and Cetane improvers) - Global Trends & Forecast to 2017
- Global Oil Shale Market -by technology ,geography ,market potential ,trends and forecasts 2030
- Global Oil and Gas Survey 2012-2013: Market Trends, Marketing Spend and Sales Strategies in the Global Oil and Gas Industry
- Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) Industry to 2017 - Extensive E&P Activity in Brazil's Pre-Salt Areas to Drive Growth

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »