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Asia Pacific Transformer Oil Market Share

Report ID: GMI6636
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Transformer Oil Market Share

Major players operating across the Asia Pacific transformer oil market include:

APAR
Cargill
Incorporated
CASTROL LIMITED
Dow
HCS Group
Ergon
Exxon Mobil Corporation
Gandhar Oil Refinery (India) Limited
Royal Dutch Shell
PLC
China Petroleum & Chemical Corporation
Savita Oil Technologies Limited
NYNAS AB

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of transformer oil in Asia Pacific was reached USD 1.2 billion in 2023 and will cross USD 2.2 billion by 2032, owing to the increasing electricity demand along with the rapid population growth, urbanization, and industrialization in the region.

The power transformer application segment is anticipated to witness 6% CAGR from 2023 to 2032, driven by the expansion of power grids in developing nations and increased investments in the power sector.

Transformer oil industry size in China is poised to observe over 6% CAGR from 2023 to 2032, due to the rapid expansion of the transmission and distribution networks.

APAR, Cargill, Incorporated, CASTROL LIMITED, Dow, HCS Group, Ergon, Inc., Exxon Mobil Corporation, Gandhar Oil Refinery (India) Limited, Royal Dutch Shell, PLC, and China Petroleum & Chemical Corporation.