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The turbine oil market is forecasted to grow by USD 630.89 mn during 2023-2028, accelerating at a CAGR of 8% during the forecast period. The report on the turbine oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in global electricity demand, rising awareness toward reduction of carbon emissions, and side effects of poor lubrication on turbines.
The turbine oil market is segmented as below:
By Product Type
- Mineral oil
- Synthetic oil
By Application
- Steam turbine
- Gas turbine
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the turbine oil market covers the following areas:
- Turbine oil market sizing
- Turbine oil market forecast
- Turbine oil market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global turbine oil market: Apar Industries Ltd., Axel Christiernsson International AB, Behran Oil Co., Castrol Ltd., Chevron Corp., CHS Inc., Eastman Chemical Co., Eni SpA, FUCHS PETROLUB SE, Growmark Inc., Hindustan Petroleum Corp. Ltd., Lubrication Engineers Inc., Matrix Specialty Lubricants BV, Miguez Fuel and Lubricants, Petroleos de Venezuela SA, Phillips 66, Pure Lubricants Chennai Pvt. Ltd., Savita Oil Technologies Ltd., Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., Tide Water Oil Co. India Ltd., and Valvoline Inc..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growth of combined-cycle power plant (CCPP).'
According to the report, one of the major drivers for this market is the increase in global electricity demand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apar Industries Ltd.
- Axel Christiernsson International AB
- Behran Oil Co.
- Castrol Ltd.
- Chevron Corp.
- CHS Inc.
- Eastman Chemical Co.
- Eni SpA
- FUCHS PETROLUB SE
- Growmark Inc.
- Hindustan Petroleum Corp. Ltd.
- Lubrication Engineers Inc.
- Matrix Specialty Lubricants BV
- Miguez Fuel and Lubricants
- Petroleos de Venezuela SA
- Phillips 66
- Pure Lubricants Chennai Pvt. Ltd.
- Savita Oil Technologies Ltd.
- Shell plc
- Sinopec Shanghai Petrochemical Co. Ltd.
- Tide Water Oil Co. India Ltd.
- Valvoline Inc.