Transformer Oil Market
Transformer Oil Market - Global Industry Assessment & Forecast
#
Pages:
157
Base Year:
2022
Sep - 2023
Format:
Report Code:
VMR-VMR-2022-1105
Segments Covered
By
Type Mineral-based Oil, Silicone-based Oil, Bio-based Oil
-
By
Function Insulator, Cooling Agent, Lubricant, Chemical Stabilizer
-
By
End Use Transmission & Distribution, Power Generation, Railways & Metros, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
-
By
Application Transformer, Switchgear, Reactor, Circuit breaker, Capacitor
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 1.8 Billion |
 Revenue 2030:
|
USD 2.7 Billion |
 Revenue CAGR
(2023 - 2030): |
6.30% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Transformer Oil Market Segment Analysis
- Transformer Oil Type Outlook (Revenue, USD Million, 2018 - 2030)
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Transformer Oil Function Outlook (Revenue, USD Million, 2018 - 2030)
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Transformer Oil End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Transformer Oil Application Outlook (Revenue, USD Million, 2018 - 2030)
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
-
North America Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
-
North America Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
-
North America Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- U.S.
- U.S. Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- U.S. Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- U.S. Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- U.S. Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- U.S. Transformer Oil Market, by Type
- Canada
- Canada Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Canada Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Canada Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Canada Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Canada Transformer Oil Market, by Type
-
Mexico
- Mexico Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Mexico Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Mexico Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Mexico Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Mexico Transformer Oil Market, by Type
-
North America Transformer Oil Market, by Type
- Europe
-
Europe Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
-
Europe Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
-
Europe Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
-
Europe Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- U. K.
- U.K. Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- U.K. Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- U.K. Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- U.K. Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- U.K. Transformer Oil Market, by Type
- France
- France Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- France Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- France Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- France Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- France Transformer Oil Market, by Type
-
Germany
- Germany Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Germany Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Germany Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Germany Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Germany Transformer Oil Market, by Type
-
Italy
- Italy Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Italy Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Italy Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Italy Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Italy Transformer Oil Market, by Type
-
Spain
- Spain Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Spain Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Spain Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Spain Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Spain Transformer Oil Market, by Type
-
Rest of Europe
- Rest of Europe Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Rest of Europe Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Rest of Europe Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Rest of Europe Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Rest of Europe Transformer Oil Market, by Type
-
Europe Transformer Oil Market, by Type
- Asia Pacific
-
Asia Pacific Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
-
Asia Pacific Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
-
Asia Pacific Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
-
Asia Pacific Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- China
- China Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- China Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- China Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- China Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- China Transformer Oil Market, by Type
- Japan
- Japan Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Japan Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Japan Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Japan Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Japan Transformer Oil Market, by Type
-
Germany
- Germany Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Germany Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Germany Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Germany Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Germany Transformer Oil Market, by Type
-
India
- India Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- India Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- India Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- India Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- India Transformer Oil Market, by Type
-
South Korea
- South Korea Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- South Korea Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- South Korea Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- South Korea Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- South Korea Transformer Oil Market, by Type
-
South East Asia
- South East Asia Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- South East Asia Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- South East Asia Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- South East Asia Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- South East Asia Transformer Oil Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Rest of Asia Pacific Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Rest of Asia Pacific Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Rest of Asia Pacific Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Rest of Asia Pacific Transformer Oil Market, by Type
-
Asia Pacific Transformer Oil Market, by Type
- Latin America
-
Latin America Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
-
Latin America Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
-
Latin America Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
-
Latin America Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Brazil
- Brazil Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Brazil Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Brazil Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Brazil Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Brazil Transformer Oil Market, by Type
- Argentina
- Argentina Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Argentina Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Argentina Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Argentina Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Argentina Transformer Oil Market, by Type
-
Rest of Latin America
- Rest of Latin America Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Rest of Latin America Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Rest of Latin America Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Rest of Latin America Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Rest of Latin America Transformer Oil Market, by Type
-
Latin America Transformer Oil Market, by Type
- Middle East & Africa
-
Middle East & Africa Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
-
Middle East & Africa Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
-
Middle East & Africa Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
-
Middle East & Africa Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- GCC Countries
- GCC Countries Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- GCC Countries Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- GCC Countries Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- GCC Countries Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- GCC Countries Transformer Oil Market, by Type
- South Africa
- South Africa Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- South Africa Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- South Africa Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- South Africa Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- South Africa Transformer Oil Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Transformer Oil Market, by Type
- Mineral-based Oil
- Silicone-based Oil
- Bio-based Oil
- Rest of Middle East & Africa Transformer Oil Market, by Function
- Insulator
- Cooling Agent
- Lubricant
- Chemical Stabilizer
- Rest of Middle East & Africa Transformer Oil Market, by End Use
- Transmission & Distribution
- Power Generation
- Railways & Metros
- Others
- Rest of Middle East & Africa Transformer Oil Market, by Application
- Transformer
- Switchgear
- Reactor
- Circuit breaker
- Capacitor
- Rest of Middle East & Africa Transformer Oil Market, by Type
-
Middle East & Africa Transformer Oil Market, by Type
- North America
FAQ
Frequently Asked Question
What is the global demand for Transformer Oil in terms of revenue?
-
The global Transformer Oil valued at USD 1.8 Billion in 2022 and is expected to reach USD 2.7 Billion in 2030 growing at a CAGR of 6.30%.
Which are the prominent players in the market?
-
The prominent players in the market are Neste, Petronas, Sinopec Lubricant Company, Royal Dutch Shell, Exxon Mobil Corporation, Total SE, Chevron Corporation, Exxon Mobil, Repsol, and Gulf Oil International..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.30% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Transformer Oil include
- Rising power consumption
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Transformer Oil in 2022.
