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Naphthenic Transformer Oil Market Share

Report ID: GMI5936
Published Date: Jun 2023
Report Format: PDF

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Naphthenic Transformer Oil Market Share

Key companies operational across the naphthenic transformer oil market include:

APAR
CASTROL LIMITED
HCS Group
Exxon Mobil Corporation
Ergon Inc
Hydrodec Group plc
China Petroleum & Chemical Corporation
Calumet Specialty Products Partners L.P
Phillips 66 Company
Sunoco Lubricants
Mineral Oil Corporation
Gandhar Oil Refinery (India) Limited
NYNAS AB, and Chevron Corporation.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of naphthenic transformer oil exceeded USD 1.2 billion in 2023 and will cross USD 2.1 billion by 2032, due to the surging need for preventing electrical arcing and ensuring the efficient operation of transformers.

Demand for power naphthenic transformer oil is anticipated to witness over 5.5% from 2023 to 2032, owing to the increasing demand for effective equipment across electricity grid infrastructure.

APAC market share was reached USD 500 million in 2022 and will record USD 900 million by 2032, driven by the growing energy demand across countries with high industrialization rate.

Some of the leading companies are APAR, CASTROL LIMITED, HCS Group, Exxon Mobil Corporation, Ergon, Inc., Hydrodec Group plc, China Petroleum & Chemical Corporation, and Calumet Specialty Products Partners.