Transformer Oil Market by Oil Type (Mineral (Naphthenic, Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear, Reactor), End-User (Transmission & Distribution, Power Generation, Railways & Metros), Region

The global transformer oil market is estimated to grow from USD 2.0 Billion in 2023 to USD 3.0 Billion by 2030; it is expected to record a CAGR of 5.9% during the forecast period. The growth of the transformer oil market is attributed to the strengthing of electric grids in developing economies along with the modernization of electric grids in developed economies due to growing industrialization and urbanization.

Mineral Oil: The largest segment of the transformer oil market, by oil type
Based on oil type, the transformer oil market has been split into three types: mineral oil, silicone oil, and bio-based oil. Mineral oil is further segmented into naphthenic and paraffinic oil. The growth for mineral oil is owed to its convenient cost and easy availability compared to other transformer oils. Majority of the existing and new transformers manufactured utilizes mineral oil as an insulation fluid which eventually boosts the growth of mineral oil segment in transformer oil market. In addition, mineral oil has good cooling properties which help dissipate heat from tranformers core and prevents overheating which drives the growth of the mineral oil segment.

Transformer segment is expected to be the largest segment based on application
By application, the transformer oil market has been segmented into transformer, switchgear, and reactor. The increasing number of substations due to increased demand for power generation in developing countries is one the primary factors driving the growth of the transformer segment. Transformers cater to various industries such as power generation, railways & metros, power utilities, and others to provide a consistent and reliable power supply, boosting the growth of the segment in the transformer oil market. During the forecast period, Asia Pacific is estimated to lead the transformer oil market within the transformer application segment.

By end-user, the transmission and distribution segment is expected to lead the market during the forecast period
Based on end-user, the transformer oil market is segmented into transmission and distribution, power generation, railways & metros, and others during the forecast period. The transmission and distribution segment is expected to lead the transformer oil market during the forecast period owing to the significant investment in expanding and modernizing the transmission and distribution network to accommodate the growing electricity demand. Expanding the T&D network would create demand for transformer oils as they would be integrated into the power transformers for cooling and insulations, eventually propelling the market growth for transformer oils.

North America is expected to be the second-largest region in the transformer oil market
North America is expected to be the second-largest transformer oil market during the forecast period. Growing demand for reliable power and investments in the T&D sector for upgrading the aging infrastructure will enhance the requirement for transformers, which is expected to boost the demand for transformer oil in North America. Moreover, the expansion of Canada’s transmission network plays a crucial role in the growth of transformer oil market. Hence, increasing investments toward expanding and upgrading power grid infrastructure is expected to provide ample opportunities for the providers of transformer oils in the region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 55%, Tier 2- 25%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 30%, and Others- 35%
By Region: Europe- 35%, North America- 25%, Asia-Pacific 25%, RoW-15%

Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The transformer oil market is dominated by a few major players that have a wide regional presence. The leading players in the transformer oil market are Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), Shell (UK), APAR Industries Limited (India), and Calumet Specialty Products Partners, L.P. (US). The major strategy adopted by the players includes new product launches and, investments & expansions.

Research Coverage:
The report defines, describes, and forecasts the global transformer oil market by oil type, end-user, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the transformer oil market.

Key Benefits of Buying the Report

Increasing investments in the modernization of power grid projects owing to increasing demand for electricity is the main factor driving the transformer oil market. Environmental concerns associated with adopting mineral oil due to its non-biodegradable characteristics in transformer oils still restrain the market. The replacement of aging grid infrastructure and increased demand for bio-based transformer oil due to growing environmental concerns, especially in the Asia Pacific, provides opportunities for the transformer oil market to grow. However, transformer oil is the refined and processed product of crude oil, and fluctuations in crude oil prices pose major challenges in the transformer oil market.
Product Development/ Innovation: The transformer oil market is witnessing significant product development and innovation, driven by the growing demand for renewable energy. Companies are investing in developing advanced transformer oils such as bio-based oil specifically designed to reduce the carbon emissions from grid infrastructure and promote renewable energy sources. These oils are bio-degradable and are majorly composed of vegetable oils and antioxidant additives to enhance the operational efficiency of transformers and reduce environmental impact.
Market Development: Renewable energy sources are becoming increasingly important in the power grid infrastructure. Renewables include sources such as solar, wind, hydro, geothermal, and biomass, among others. This has led to the development of solar energy and wind turbine transformers, usually biodegradable oil-filled transformers.
Market Diversification: Ergon, Inc. introduced HyVolt C50A, an Arctic grade transformer oil designed to withstand extreme cold weather conditions. The HyVolt C50A offers oxidation stability, high dielectric strength, and cooling properties.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), Shell (UK), APAR Industries Limited (India), and Calumet Specialty Products Partners, L.P. (US) among others in the transformer oil market.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Transformer Oil Market, by End-user: Inclusions & Exclusions
1.2.2 Market, by Application: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.8 Impact of Recession

2 Research Methodology

2.1 Research Data
Figure 1 Transformer Oil Market: Research Design
2.2 Market Breakdown & Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Industry Insights
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, & Region
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3.3 Demand-Side Analysis
Figure 6 Main Metrics Considered while Constructing and Assessing Demand for Transformer Oil
2.3.3.1 Calculation for Demand Side
2.3.3.2 Assumptions for Demand-Side Metrics
2.3.4 Supply-Side Analysis
Figure 7 Key Steps Considered for Assessing Supply of Transformer Oil
Figure 8 Transformers Oil Market: Supply-Side Analysis, 2022
2.3.4.1 Calculations for Supply Side
2.3.4.2 Assumptions for Supply-Side Metrics
Figure 9 Company Revenue Analysis, 2022
2.3.5 Forecast
2.3.5.1 Impact of Recession

3 Executive Summary

Table 1 Transformer Oil Market Snapshot
Figure 10 Mineral Oil Segment to Dominate Transformers Oil Market During Forecast Period
Figure 11 Transformer Segment to Lead Transformers Oil Market During Forecast Period
Figure 12 Transmission & Distribution Utilities Segment to Lead Transformer Oil Market During Forecast Period
Figure 13 Asia-Pacific Dominated Market in 2022

4 Premium Insights

4.1 Attractive Opportunities for Players in Transformer Oil Market
Figure 14 Growing Demand for Bio-based Transformer Oil due to Environmental Concerns to Drive Market During 2023-2030
4.2 Transformer Oil Market, by Region
Figure 15 Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period
4.3 Market, by Oil Type
Figure 16 Mineral Oil Segment Dominated Market in 2022
4.4 Market, by Application
Figure 17 Transformer Segment Accounted for Largest Market Share in 2022
4.5 Transformers Oil Market, by End-user
Figure 18 Transmission & Distribution Utilities Segment Captured Largest Share of Market in 2022
4.6 Asia-Pacific: Market, by Oil Type & Country
Figure 19 Mineral Oil and China Held Largest Shares of Market in Asia-Pacific in 2022

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 20 Transformer Oil Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Expansion of Electric Grid Network in Asia-Pacific
Figure 21 Global T&D Investment Projection, 2020-2040
5.2.1.2 Modernization of Electric Grids and Adoption of Smart Grids in Developed Economies
5.2.2 Restraints
5.2.2.1 Environmental Concerns Over Use of Mineral Transformer Oil
5.2.2.2 Increasing Demand for Dry-Type Transformers
5.2.2.3 Competition from Players in Unorganized Sector
5.2.3 Opportunities
5.2.3.1 Growing Demand for Bio-based Transformer Oil due to Environmental Concerns
5.2.3.2 Increase in Cross-Border Electricity Trade
5.2.3.3 Increasing Investments in Hvdc Transmission Systems
5.2.4 Challenges
5.2.4.1 Constant Fluctuations in Crude Oil Prices
Figure 22 West Texas Intermediate (Wti) Crude Oil Prices, January 2018-March 2023
5.3 Impact of Developments in Renewable Energy & Transition Toward Clean Energy on Market
5.4 Impact of EV Adoption & EV Infrastructure Developments on Market
Figure 23 Global EV Sales Volume, 2021-2022
5.5 Trends/Disruptions Impacting Customer Business
5.5.1 Revenue Shifts & New Revenue Pockets in Market
Figure 24 Revenue Shifts for Transformer Oil Providers
5.6 Average Selling Pricing Analysis
5.6.1 Average Selling Pricing Analysis, by Oil Type
Table 2 Transformers Oil Market: Pricing Analysis
5.7 Value Chain Analysis
Figure 25 Transformer Oil Market: Value Chain Analysis
Table 3 Market: Value Chain Analysis
5.7.1 Raw Material Suppliers
5.7.2 Transformer Oil Producers
5.7.3 Equipment Manufacturers
5.7.4 Distributors
5.7.5 End-users
5.8 Market Map
Figure 26 Transformer Oil: Market Map
5.9 Technology Analysis
Table 4 Transformers Oil Market: Regulations
5.10 Porter's Five Forces Analysis
Figure 27 Transformer Oil Market: Porter's Five Forces Analysis
Table 5 Market: Porter's Five Forces Analysis
5.10.1 Threat of New Entrants
5.10.2 Bargaining Power of Suppliers
5.10.3 Bargaining Power of Buyers
5.10.4 Threat of Substitutes
5.10.5 Intensity of Competitive Rivalry
5.11 Case Study Analysis
5.11.1 Tata Power Installs Distribution Transformers in Mumbai to Address Space- and Safety-Related Concerns and Reduce Cost and Environmental Impact

6 Transformer Oil Market, by Oil Type

6.1 Introduction
Figure 28 Market, by Oil Type, 2022 (USD Million)
Table 6 Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 7 Market, by Oil Type, 2023-2030 (USD Million)
Table 8 Market, by Oil Type, 2018-2022 (Million Liters)
Table 9 Market, by Oil Type, 2023-2030 (Million Liters)
6.2 Mineral Oil
6.2.1 Easy Availability and Low-Price Index to Increase Demand for Mineral Transformer Oil
Table 10 Mineral Oil: Transformers Oil Market, by Sub-Oil Type, 2018-2022 (USD Million)
Table 11 Mineral Oil: Market, by Sub-Oil Type, 2023-2030 (USD Million)
Table 12 Mineral Oil: Market, by Sub-Oil Type, 2018-2022 (Million Liters)
Table 13 Mineral Oil: Market, by Sub-Oil Type, 2023-2030 (Million Liters)
Table 14 Mineral Oil: Market, by Inhibition Type, 2018-2022 (USD Million)
Table 15 Mineral Oil: Market, by Inhibition Type, 2023-2030 (USD Million)
Table 16 Mineral Oil: Market, by Inhibition Type, 2018-2022 (Million Liters)
Table 17 Mineral Oil: Market, by Inhibition Type, 2023-2030 (Million Liters)
Table 18 Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 19 Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.2.2 Naphthenic Oil
Table 20 Naphthenic Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 21 Naphthenic Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.2.2.1 Naphthenic Mineral Oil, by Inhibition Type
Table 22 Naphthenic Mineral Oil: Market, by Inhibition Type, 2018-2022 (USD Million)
Table 23 Naphthenic Mineral Oil: Market, by Inhibition Type, 2023-2030 (USD Million)
Table 24 Naphthenic Mineral Oil: Market, by Inhibition Type, 2018-2022 (Million Liters)
Table 25 Naphthenic Mineral Oil: Market, by Inhibition Type, 2023-2030 (Million Liters)
6.2.2.1.1 Inhibited Naphthenic Mineral Oil
Table 26 Inhibited Naphthenic Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 27 Inhibited Naphthenic Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.2.2.1.2 Uninhibited Naphthenic Mineral Oil
Table 28 Uninhibited Naphthenic Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 29 Uninhibited Naphthenic Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.2.3 Paraffinic Oil
Table 30 Paraffinic Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 31 Paraffinic Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.2.3.1 Paraffinic Mineral Oil, by Inhibition Type
Table 32 Paraffinic Mineral Oil: Market, by Inhibition Type, 2018-2022 (USD Million)
Table 33 Paraffinic Mineral Oil: Market, by Inhibition Type, 2023-2030 (USD Million)
Table 34 Paraffinic Mineral Oil: Market, by Inhibition Type, 2018-2022 (Million Liters)
Table 35 Paraffinic Mineral Oil: Market, by Inhibition Type, 2023-2030 (Million Liters)
6.2.3.1.1 Inhibited Paraffinic Mineral Oil
Table 36 Inhibited Paraffinic Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 37 Inhibited Paraffinic Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.2.3.1.2 Uninhibited Paraffinic Mineral Oil
Table 38 Uninhibited Paraffinic Mineral Oil: Market, by Region, 2018-2022 (USD Million)
Table 39 Uninhibited Paraffinic Mineral Oil: Market, by Region, 2023-2030 (USD Million)
6.3 Bio-based Oil
6.3.1 Rising Environmental Concerns to Drive Demand for Bio-based Oil
Table 40 Bio-based Oil: Market, by Region, 2018-2022 (USD Million)
Table 41 Bio-based Oil: Market, by Region, 2023-2030 (USD Million)
6.4 Silicone Oil
6.4.1 Non-Reactive and Non-Toxic Properties to Fuel Need for Silicone Transformer Oil
Table 42 Silicone Oil: Market, by Region, 2018-2022 (USD Million)
Table 43 Silicone Oil: Market, by Region, 2023-2030 (USD Million)

7 Transformer Oil Market, by End-user

7.1 Introduction
Figure 29 Market, by End-user, 2022 (USD Million)
Table 44 Transformer Oil Market, by End-user, 2018-2022 (USD Million)
Table 45 Market, by End-user, 2023-2030 (USD Million)
Table 46 Market, by End-user, 2018-2022 (Million Liters)
Table 47 Market, by End-user, 2023-2030 (Million Liters)
7.2 Transmission & Distribution Utilities
7.2.1 Rising Focus on Upgrading Aging T&D Infrastructure to Fuel Market Growth
Table 48 Transmission & Distribution Utilities: Transformers Oil Market, by Region, 2018-2022 (USD Million)
Table 49 Transmission & Distribution Utilities: Market, by Region, 2023-2030 (USD Million)
7.3 Railways & Metros
7.3.1 Growing Investments in Railways & Metros to Propel Demand for Transformer Oil
Table 50 Railways & Metros: Market, by Region, 2018-2022 (USD Million)
Table 51 Railways & Metros: Market, by Region, 2023-2030 (USD Million)
7.4 Power Generation Utilities
7.4.1 Increasing Need for Power Generation to Drive Market
Table 52 Power Generation Utilities: Market, by Region, 2018-2022 (USD Million)
Table 53 Power Generation Utilities: Market, by Region, 2023-2030 (USD Million)
7.5 Others
Table 54 Others: Market, by Region, 2018-2022 (USD Million)
Table 55 Others: Market, by Region, 2023-2030 (USD Million)

8 Transformer Oil Market, by Application

8.1 Introduction
Figure 30 Market, by Application, 2022 (USD Million)
Table 56 Transformer Oil Market, by Application, 2018-2022 (USD Million)
Table 57 Market, by Application, 2023-2030 (USD Million)
Table 58 Market, by Application, 2018-2022 (Million Liters)
Table 59 Market, by Application, 2023-2030 (Million Liters)
8.2 Transformer
8.2.1 Increasing Investments in T&D Sector to Create Demand for Transformers
Table 60 Transformer: Market, by Sub-Application, 2018-2022 (USD Million)
Table 61 Transformer: Market, by Sub-Application, 2023-2030 (USD Million)
Table 62 Transformer: Market, by Sub-Application, 2018-2022 (Million Liters)
Table 63 Transformer: Market, by Sub-Application, 2023-2030 (Million Liters)
Table 64 Transformer: Market, by Region, 2018-2022 (USD Million)
Table 65 Transformer: Market, by Region, 2023-2030 (USD Million)
8.2.2 Power Transformer
Table 66 Power Transformer: Market, by Region, 2018-2022 (USD Million)
Table 67 Power Transformer: Market, by Region, 2023-2030 (USD Million)
8.2.3 Distribution Transformer
Table 68 Distribution Transformer: Market, by Region, 2018-2022 (USD Million)
Table 69 Distribution Transformer: Market, by Region, 2023-2030 (USD Million)
8.3 Reactor
8.3.1 Long-Term Industrial Growth and Increased Demand for Energy to Boost Segmental Growth
Table 70 Reactor: Market, by Region, 2018-2022 (USD Million)
Table 71 Reactor: Market, by Region, 2023-2030 (USD Million)
8.4 Switchgear
8.4.1 Investments in T&D Network Expansion to Propel Demand for Oil-Filled Switchgear
Table 72 Switchgear: Market, by Region, 2018-2022 (USD Million)
Table 73 Switchgear: Market, by Region, 2023-2030 (USD Million)

9 Transformer Oil Market, by Region

9.1 Introduction
Figure 31 Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period
Figure 32 Market Share (Value), by Region, 2022
Table 74 Transformer Oil Market, by Region, 2018-2022 (USD Million)
Table 75 Market, by Region, 2023-2030 (USD Million)
Table 76 Market, by Region, 2018-2022 (Million Liters)
Table 77 Market, by Region, 2023-2030 (Million Litters)
9.2 Asia-Pacific
Figure 33 Asia-Pacific: Market Snapshot
9.2.1 Asia-Pacific: Recession Impact
9.2.2 By Oil Type
Table 78 Asia-Pacific: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 79 Asia-Pacific: Market, by Oil Type, 2023-2030 (USD Million)
9.2.2.1 Mineral Oil - by Sub-Oil Type
Table 80 Asia-Pacific: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 81 Asia-Pacific: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
9.2.2.2 Mineral Oil - by Inhibition Type
Table 82 Asia-Pacific: Market, by Inhibition Type (Mineral Oil), 2018-2022 (USD Million)
Table 83 Asia-Pacific: Market, by Inhibition Type (Mineral Oil), 2023-2030 (USD Million)
9.2.2.2.1 Naphthenic Mineral Oil - by Inhibition Type
Table 84 Asia-Pacific: Market, by Inhibition Type (Naphthenic Mineral Oil), 2018-2022 (USD Million)
Table 85 Asia-Pacific: Market, by Inhibition Type (Naphthenic Mineral Oil), 2023-2030 (USD Million)
9.2.2.2.2 Paraffinic Mineral Oil - by Inhibition Type
Table 86 Asia-Pacific: Market, by Inhibition Type (Paraffinic Mineral Oil), 2018-2022 (USD Million)
Table 87 Asia-Pacific: Market, by Inhibition Type (Paraffinic Mineral Oil), 2023-2030 (USD Million)
9.2.3 By Application
Table 88 Asia-Pacific: Market, by Application, 2018-2022 (USD Million)
Table 89 Asia-Pacific: Market, by Application, 2023-2030 (USD Million)
9.2.3.1 Transformer - by Sub-Application
Table 90 Asia-Pacific: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 91 Asia-Pacific: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
9.2.4 By End-user
Table 92 Asia-Pacific: Market, by End-user, 2018-2022 (USD Million)
Table 93 Asia-Pacific: Market, by End-user, 2023-2030 (USD Million)
9.2.5 By Country
Table 94 Asia-Pacific: Market, by Country, 2018-2022 (USD Million)
Table 95 Asia-Pacific: Market, by Country, 2023-2030 (USD Million)
Table 96 Asia-Pacific: Market, by Country, 2018-2022 (Million Litters)
Table 97 Asia-Pacific: Market, by Country, 2023-2030 (Million Litters)
9.2.5.1 China
9.2.5.1.1 Increasing Investments in T&D Sector to Favor Market Growth
Table 98 China: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 99 China: Market, by Oil Type, 2023-2030 (USD Million)
Table 100 China: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 101 China: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 102 China: Market, by Application, 2018-2022 (USD Million)
Table 103 China: Market, by Application, 2023-2030 (USD Million)
Table 104 China: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 105 China: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 106 China: Market, by End-user, 2018-2022 (USD Million)
Table 107 China: Market, by End-user, 2023-2030 (USD Million)
9.2.5.2 India
9.2.5.2.1 Increasing Power Generation Activities to Generate Demand for Transformer Oil
Table 108 India: Market, by Oil Type, 2018-2022 (USD Million)
Table 109 India: Market, by Oil Type, 2023-2030 (USD Million)
Table 110 India: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 111 India: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 112 India: Market, by Application, 2018-2022 (USD Million)
Table 113 India: Market, by Application, 2023-2030 (USD Million)
Table 114 India: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 115 India: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 116 India: Market, by End-user, 2018-2022 (USD Million)
Table 117 India: Market, by End-user, 2023-2030 (USD Million)
9.2.5.3 Japan
9.2.5.3.1 Renovation of Grid Infrastructure to Drive Market
Table 118 Japan: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 119 Japan: Market, by Oil Type, 2023-2030 (USD Million)
Table 120 Japan: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 121 Japan: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 122 Japan: Market, by Application, 2018-2022 (USD Million)
Table 123 Japan: Market, by Application, 2023-2030 (USD Million)
Table 124 Japan: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 125 Japan: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 126 Japan: Market, by End-user, 2018-2022 (USD Million)
Table 127 Japan: Market, by End-user, 2023-2030 (USD Million)
9.2.5.4 Australia
9.2.5.4.1 Rising Construction and Mining Activities to Spur Demand for Transformer Oil
Table 128 Australia: Market, by Oil Type, 2018-2022 (USD Million)
Table 129 Australia: Market, by Oil Type, 2023-2030 (USD Million)
Table 130 Australia: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 131 Australia: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 132 Australia: Market, by Application, 2018-2022 (USD Million)
Table 133 Australia: Market, by Application, 2023-2030 (USD Million)
Table 134 Australia: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 135 Australia: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 136 Australia: Market, by End-user, 2018-2022 (USD Million)
Table 137 Australia: Market, by End-user, 2023-2030 (USD Million)
9.2.5.5 South Korea
9.2.5.5.1 Government Initiatives to Boost Renewable Power Generation to Increase Demand for Transformer Oil
Table 138 South Korea: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 139 South Korea: Market, by Oil Type, 2023-2030 (USD Million)
Table 140 South Korea: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 141 South Korea: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 142 South Korea: Market, by Application, 2018-2022 (USD Million)
Table 143 South Korea: Market, by Application, 2023-2030 (USD Million)
Table 144 South Korea: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 145 South Korea: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 146 South Korea: Market, by End-user, 2018-2022 (USD Million)
Table 147 South Korea: Market, by End-user, 2023-2030 (USD Million)
9.2.5.6 Rest of Asia-Pacific
Table 148 Rest of Asia-Pacific: Market, by Oil Type, 2018-2022 (USD Million)
Table 149 Rest of Asia-Pacific: Market, by Oil Type, 2023-2030 (USD Million)
Table 150 Rest of Asia-Pacific: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 151 Rest of Asia-Pacific: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 152 Rest of Asia-Pacific: Market, by Application, 2018-2022 (USD Million)
Table 153 Rest of Asia-Pacific: Market, by Application, 2023-2030 (USD Million)
Table 154 Rest of Asia-Pacific: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 155 Rest of Asia-Pacific: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 156 Rest of Asia-Pacific: Market, by End-user, 2018-2022 (USD Million)
Table 157 Rest of Asia-Pacific: Market, by End-user, 2023-2030 (USD Million)
9.3 North America
Figure 34 North America: Market Snapshot
9.3.1 North America: Recession Impact
9.3.2 By Oil Type
Table 158 North America: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 159 North America: Market, by Oil Type, 2023-2030 (USD Million)
9.3.2.1 Mineral Oil - by Sub-Oil Type
Table 160 North America: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 161 North America: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
9.3.2.2 Mineral Oil - by Inhibition Type
Table 162 North America: Market, by Inhibition Type (Mineral Oil), 2018-2022 (USD Million)
Table 163 North America: Market, by Inhibition Type (Mineral Oil), 2023-2030 (USD Million)
9.3.2.2.1 Naphthenic Mineral Oil - by Inhibition Type
Table 164 North America: Market, by Inhibition Type (Naphthenic Mineral Oil), 2018-2022 (USD Million)
Table 165 North America: Market, by Inhibition Type (Naphthenic Mineral Oil), 2023-2030 (USD Million)
9.3.2.2.2 Paraffinic Mineral Oil - by Inhibition Type
Table 166 North America: Market, by Inhibition Type (Paraffinic Mineral Oil), 2018-2022 (USD Million)
Table 167 North America: Market, by Inhibition Type (Paraffinic Mineral Oil), 2023-2030 (USD Million)
9.3.3 By Application
Table 168 North America: Market, by Application, 2018-2022 (USD Million)
Table 169 North America: Market, by Application, 2023-2030 (USD Million)
9.3.3.1 Transformer - by Sub-Application
Table 170 North America: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 171 North America: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
9.3.4 By End-user
Table 172 North America: Market, by End-user, 2018-2022 (USD Million)
Table 173 North America: Market, by End-user, 2023-2030 (USD Million)
9.3.5 By Country
Table 174 North America: Market, by Country, 2018-2022 (USD Million)
Table 175 North America: Market, by Country, 2023-2030 (USD Million)
Table 176 North America: Market, by Country, 2018-2022 (Million Liters)
Table 177 North America: Market, by Country, 2023-2030 (Million Liters)
9.3.5.1 US
9.3.5.1.1 Upgrades to Existing Power Infrastructure to Drive Market
Table 178 US: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 179 US: Market, by Oil Type, 2023-2030 (USD Million)
Table 180 US: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 181 US: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 182 US: Market, by Application, 2018-2022 (USD Million)
Table 183 US: Market, by Application, 2023-2030 (USD Million)
Table 184 US: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 185 US: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 186 US: Market, by End-user, 2018-2022 (USD Million)
Table 187 US: Market, by End-user, 2023-2030 (USD Million)
9.3.5.2 Canada
9.3.5.2.1 Expansion of Transmission Network to Propel Market
Table 188 Canada: Market, by Oil Type, 2018-2022 (USD Million)
Table 189 Canada: Market, by Oil Type, 2023-2030 (USD Million)
Table 190 Canada: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 191 Canada: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 192 Canada: Market, by Application, 2018-2022 (USD Million)
Table 193 Canada: Market, by Application, 2023-2030 (USD Million)
Table 194 Canada: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 195 Canada: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 196 Canada: Market, by End-user, 2018-2022 (USD Million)
Table 197 Canada: Market, by End-user, 2023-2030 (USD Million)
9.3.5.3 Mexico
9.3.5.3.1 Growth of Industrial Sector and Surging Energy Requirements to Boost Market
Table 198 Mexico: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 199 Mexico: Market, by Oil Type, 2023-2030 (USD Million)
Table 200 Mexico: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 201 Mexico: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 202 Mexico: Market, by Application, 2018-2022 (USD Million)
Table 203 Mexico: Market, by Application, 2023-2030 (USD Million)
Table 204 Mexico: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 205 Mexico: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 206 Mexico: Market, by End-user, 2018-2022 (USD Million)
Table 207 Mexico: Market, by End-user, 2023-2030 (USD Million)
9.4 Europe
9.4.1 Europe: Recession Impact
9.4.2 By Oil Type
Table 208 Europe: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 209 Europe: Market, by Oil Type, 2023-2030 (USD Million)
9.4.2.1 Mineral Oil - by Sub-Oil Type
Table 210 Europe: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 211 Europe: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
9.4.2.2 Mineral Oil - by Inhibition Type
Table 212 Europe: Market, by Inhibition Type (Mineral Oil), 2018-2022 (USD Million)
Table 213 Europe: Market, by Inhibition Type (Mineral Oil), 2023-2030 (USD Million)
9.4.2.2.1 Naphthenic Mineral Oil - by Inhibition Type
Table 214 Europe: Market, by Inhibition Type (Naphthenic Mineral Oil), 2018-2022 (USD Million)
Table 215 Europe: Market, by Inhibition Type (Naphthenic Mineral Oil), 2023-2030 (USD Million)
9.4.2.2.2 Paraffinic Mineral Oil - by Inhibition Type
Table 216 Europe: Market, by Inhibition Type (Paraffinic Mineral Oil), 2018-2022 (USD Million)
Table 217 Europe: Market, by Inhibition Type (Paraffinic Mineral Oil), 2023-2030 (USD Million)
9.4.3 By Application
Table 218 Europe: Market, by Application, 2018-2022 (USD Million)
Table 219 Europe: Market, by Application, 2023-2030 (USD Million)
9.4.3.1 Transformer - by Sub-Application
Table 220 Europe: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 221 Europe: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
9.4.4 By End-user
Table 222 Europe: Market, by End-user, 2018-2022 (USD Million)
Table 223 Europe: Market, by End-user, 2023-2030 (USD Million)
9.4.5 By Country
Table 224 Europe: Market, by Country, 2018-2022 (USD Million)
Table 225 Europe: Market, by Country, 2023-2030 (USD Million)
Table 226 Europe: Market, by Country, 2018-2022 (Million Liters)
Table 227 Europe: Market, by Country, 2023-2030 (Million Liters)
9.4.5.1 UK
9.4.5.1.1 Growing Investments in Renewables to Drive Market
Table 228 UK: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 229 UK: Market, by Oil Type, 2023-2030 (USD Million)
Table 230 UK: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 231 UK: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 232 UK: Market, by Application, 2018-2022 (USD Million)
Table 233 UK: Market, by Application, 2023-2030 (USD Million)
Table 234 UK: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 235 UK: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 236 UK: Market, by End-user, 2018-2022 (USD Million)
Table 237 UK: Market, by End-user, 2023-2030 (USD Million)
9.4.5.2 Germany
9.4.5.2.1 Expansion of Transmission Lines to Boost Demand for Transformer Oil
Table 238 Germany: Market, by Oil Type, 2018-2022 (USD Million)
Table 239 Germany: Market, by Oil Type, 2023-2030 (USD Million)
Table 240 Germany: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 241 Germany: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 242 Germany: Market, by Application, 2018-2022 (USD Million)
Table 243 Germany: Market, by Application, 2023-2030 (USD Million)
Table 244 Germany: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 245 Germany: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 246 Germany: Market, by End-user, 2018-2022 (USD Million)
Table 247 Germany: Market, by End-user, 2023-2030 (USD Million)
9.4.5.3 Russia
9.4.5.3.1 Investments in Oil & Gas Sector and Government Focus on Renewable Energy Production to Augment Market Growth
Table 248 Russia: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 249 Russia: Market, by Oil Type, 2023-2030 (USD Million)
Table 250 Russia: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 251 Russia: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 252 Russia: Market, by Application, 2018-2022 (USD Million)
Table 253 Russia: Market, by Application, 2023-2030 (USD Million)
Table 254 Russia: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 255 Russia: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 256 Russia: Market, by End-user, 2018-2022 (USD Million)
Table 257 Russia: Market, by End-user, 2023-2030 (USD Million)
9.4.5.4 France
9.4.5.4.1 Increased Adoption of Renewable Energy to Fuel Market Growth
Table 258 France: Market, by Oil Type, 2018-2022 (USD Million)
Table 259 France: Market, by Oil Type, 2023-2030 (USD Million)
Table 260 France: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 261 France: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 262 France: Market, by Application, 2018-2022 (USD Million)
Table 263 France: Market, by Application, 2023-2030 (USD Million)
Table 264 France: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 265 France: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 266 France: Market, by End-user, 2018-2022 (USD Million)
Table 267 France: Market, by End-user, 2023-2030 (USD Million)
9.4.5.5 Rest of Europe
Table 268 Rest of Europe: Market, by Oil Type, 2018-2022 (USD Million)
Table 269 Rest of Europe: Market, by Oil Type, 2023-2030 (USD Million)
Table 270 Rest of Europe: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 271 Rest of Europe: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 272 Rest of Europe: Market, by Application, 2018-2022 (USD Million)
Table 273 Rest of Europe: Market, by Application, 2023-2030 (USD Million)
Table 274 Rest of Europe: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 275 Rest of Europe: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 276 Rest of Europe: Market, by End-user, 2018-2022 (USD Million)
Table 277 Rest of Europe: Market, by End-user, 2023-2030 (USD Million)
9.5 Rest of the World
9.5.1 Rest of the World: Recession Impact
9.5.2 By Oil Type
Table 278 Rest of the World: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 279 Rest of the World: Market, by Oil Type, 2023-2030 (USD Million)
9.5.2.1 Mineral Oil - by Sub-Oil Type
Table 280 Rest of the World: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 281 Rest of the World: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
9.5.2.2 Mineral Oil - by Inhibition Type
Table 282 Rest of the World: Market, by Inhibition Type (Mineral Oil), 2018-2022 (USD Million)
Table 283 Rest of the World: Market, by Inhibition Type (Mineral Oil), 2023-2030 (USD Million)
9.5.2.2.1 Naphthenic Mineral Oil - by Inhibition Type
Table 284 Rest of the World: Market, by Inhibition Type (Naphthenic Mineral Oil), 2018-2022 (USD Million)
Table 285 Rest of the World: Market, by Inhibition Type (Naphthenic Mineral Oil), 2023-2030 (USD Million)
9.5.2.2.2 Paraffinic Mineral Oil - by Inhibition Type
Table 286 Rest of the World: Market, by Inhibition Type (Paraffinic Mineral Oil), 2018-2022 (USD Million)
Table 287 Rest of the World: Market, by Inhibition Type (Paraffinic Mineral Oil), 2023-2030 (USD Million)
9.5.3 By Application
Table 288 Rest of the World: Market, by Application, 2018-2022 (USD Million)
Table 289 Rest of the World: Market, by Application, 2023-2030 (USD Million)
9.5.3.1 Transformer - by Sub-Application
Table 290 Rest of the World: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 291 Rest of the World: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
9.5.4 By End-user
Table 292 Rest of the World: Market, by End-user, 2018-2022 (USD Million)
Table 293 Rest of the World: Market, by End-user, 2023-2030 (USD Million)
9.5.5 By Region
Table 294 Rest of the World: Market, by Region, 2018-2022 (USD Million)
Table 295 Rest of the World: Market, by Region, 2023-2030 (USD Million)
Table 296 Rest of the World: Market, by Region, 2018-2022 (Million Litters)
Table 297 Rest of the World: Market, by Region, 2023-2030 (Million Litters)
9.5.5.1 Middle East
9.5.5.1.1 Growing Investments in Oil & Gas Industry and Infrastructural Developments to Increase Demand for Transformer Oil
Table 298 Middle East: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 299 Middle East: Market, by Oil Type, 2023-2030 (USD Million)
Table 300 Middle East: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 301 Middle East: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 302 Middle East: Market, by Application, 2018-2022 (USD Million)
Table 303 Middle East: Market, by Application, 2023-2030 (USD Million)
Table 304 Middle East: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 305 Middle East: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 306 Middle East: Market, by End-user, 2018-2022 (USD Million)
Table 307 Middle East: Market, by End-user, 2023-2030 (USD Million)
9.5.5.2 Africa
9.5.5.2.1 Focus on Reducing Blackouts and Power Outages to Fuel Demand for Transformer Oil
Table 308 Africa: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 309 Africa: Market, by Oil Type, 2023-2030 (USD Million)
Table 310 Africa: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 311 Africa: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 312 Africa: Market, by Application, 2018-2022 (USD Million)
Table 313 Africa: Market, by Application, 2023-2030 (USD Million)
Table 314 Africa: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 315 Africa: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 316 Africa: Market, by End-user, 2018-2022 (USD Million)
Table 317 Africa: Market, by End-user, 2023-2030 (USD Million)
9.5.5.3 South America
9.5.5.3.1 Growing Investments in Power Generation to Enhance Market Growth
Table 318 South America: Transformer Oil Market, by Oil Type, 2018-2022 (USD Million)
Table 319 South America: Market, by Oil Type, 2023-2030 (USD Million)
Table 320 South America: Market, by Sub-Oil Type (Mineral Oil), 2018-2022 (USD Million)
Table 321 South America: Market, by Sub-Oil Type (Mineral Oil), 2023-2030 (USD Million)
Table 322 South America: Market, by Application, 2018-2022(USD Million)
Table 323 South America: Market, by Application, 2023-2030 (USD Million)
Table 324 South America: Market, by Sub-Application (Transformer), 2018-2022 (USD Million)
Table 325 South America: Market, by Sub-Application (Transformer), 2023-2030 (USD Million)
Table 326 South America: Market, by End-user, 2018-2022 (USD Million)
Table 327 South America: Market, by End-user, 2023-2030 (USD Million)

10 Competitive Landscape

10.1 Overview
Table 328 Key Developments in Transformer Oil Market, 2018-2023
10.2 Market Share Analysis of Key Players, 2022
Table 329 Market: Competitive Analysis
Figure 35 Market Share Analysis of Top Players in Transformer Oil Market, 2022
10.3 Market Evaluation Framework
Table 330 Market Evaluation Framework, 2018-2023
10.4 Segmental Revenue Analysis of Top Market Players, 2018-2022
Figure 36 Segmental Revenue Analysis, 2018-2022
10.5 Competitive Scenarios & Trends
10.5.1 Deals
Table 331 Transformers Oil Market: Deals, 2018-2023
10.5.2 Product Launches & Developments
Table 332 Transformer Oil Market: Product Launches & Developments, 2018-2023
10.6 Company Evaluation Quadrant
10.6.1 Stars
10.6.2 Emerging Leaders
10.6.3 Pervasive Players
10.6.4 Participants
Figure 37 Transformer Oil Market: Company Evaluation Quadrant, 2022
Table 333 Company Oil-Type Footprint
Table 334 Company Region Footprint

11 Company Profiles

(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 Key Players
11.1.1 Nynas Ab
Table 335 Nynas Ab: Business Overview
Figure 38 Nynas Ab: Company Snapshot
Table 336 Nynas Ab: Product Launches & Developments
Table 337 Nynas Ab: Others
11.1.2 Ergon, Inc.
Table 338 Ergon, Inc.: Business Overview
Table 339 Ergon, Inc.: Product Launches & Developments
Table 340 Ergon, Inc.: Deals
Table 341 Ergon, Inc.: Others
11.1.3 Petrochina Company Limited
Table 342 Petrochina Company Limited: Business Overview
Figure 39 Petrochina Company Limited: Company Snapshot
Table 343 Petrochina Company Limited: Others
11.1.4 Apar Industries Limited
Table 344 Apar Industries Limited: Business Overview
Figure 40 Apar Industries Limited: Company Snapshot
11.1.5 Shell
Table 345 Shell: Business Overview
Figure 41 Shell: Company Snapshot
Table 346 Shell: Product Launches & Developments
11.1.6 Calumet Specialty Products Partners, L.P.
Table 347 Calumet Specialty Products Partners, L.P.: Business Overview
Figure 42 Calumet Specialty Products Partners, L.P.: Company Snapshot
Table 348 Calumet Specialty Products Partners, L.P.: Deals
11.1.7 Sinopec Lubricant Company
Table 349 Sinopec Lubricant Company: Business Overview
Table 350 Sinopec Lubricant Company: Others
11.1.8 Cargill, Incorporated.
Table 351 Cargill, Incorporated.: Business Overview
Table 352 Cargill, Incorporated.: Deals
11.1.9 Exxon Mobil Corporation
Table 353 Exxon Mobil Corporation: Business Overview
Figure 43 Exxon Mobil Corporation: Company Snapshot
Table 354 Exxon Mobil Corporation: Others
11.1.10 Gulf Oil International Ltd.
Table 355 Gulf Oil International Ltd.: Business Overview
Table 356 Gulf Oil International Ltd.: Deals
Table 357 Gulf Oil International Ltd.: Others
11.1.11 M&I Materials Ltd.
Table 358 M&I Materials Ltd.: Business Overview
Table 359 M&I Materials Ltd.: Product Launches & Developments
Table 360 M&I Materials Ltd.: Deals
Table 361 M&I Materials Ltd.: Others
11.1.12 Phillips 66 Company
Table 362 Phillips 66 Company: Business Overview
Figure 44 Phillips 66 Company: Company Snapshot
Table 363 Phillips 66 Company: Deals
11.1.13 Dow
Table 364 Dow: Business Overview
Figure 45 Dow: Company Snapshot
11.1.14 Repsol
Table 365 Repsol: Business Overview
Figure 46 Repsol: Company Snapshot
Table 366 Repsol: Deals
11.1.15 Chevron Corporation
Table 367 Chevron Corporation: Business Overview
Figure 47 Chevron Corporation: Company Snapshot
Table 368 Chevron Corporation: Deals
11.2 Other Players
11.2.1 Gandhar Oil Refinery (India) Limited
11.2.2 Hydrodec Group PLC
11.2.3 Engen Petroleum Limited
11.2.4 Lubrita
11.2.5 Petro-Canada
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.

12 Appendix

12.1 Insights from Industry Experts
12.2 Discussion Guide

Companies Mentioned

Apar Industries Limited
Calumet Specialty Products Partners, L.P.
Cargill, Incorporated.
Chevron Corporation
Dow
Engen Petroleum Limited
Ergon, Inc.
Exxon Mobil Corporation
Gandhar Oil Refinery (India) Limited
Gulf Oil International Ltd.
Hydrodec Group PLC
Lubrita
M&I Materials Ltd.
Nynas Ab
Petro-Canada
Petrochina Company Limited
Phillips 66 Company
Repsol
Shell
Sinopec Lubricant Company

Table Information

Report Attribute	Details
No. of Pages	260
Published	June 2023
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 2 Billion
Forecasted Market Value ( USD ) by 2030	$ 3 Billion
Compound Annual Growth Rate	5.9%
Regions Covered	Global
No. of Companies Mentioned	20

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Transformer Oil Market by Oil Type (Mineral (Naphthenic, Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear, Reactor), End-User (Transmission & Distribution, Power Generation, Railways & Metros), Region - Forecast to 2030

Table of Contents

Companies Mentioned

Table Information

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Companies Mentioned

Table Information

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