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Transformer Oil Market Share

Report ID: GMI2550
Published Date: Jun 2023
Report Format: PDF

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Transformer Oil Market Share

Major companies operating across the transformer oil market include:

APAR
Calumet Specialty Products Partners, L.P.
Cargill
Incorporated
ENGEN PETROLEUM LTD
CASTROL LIMITED
Gandhar Oil Refinery (India) Limited
Clearco Products Co., Inc. All
Dow
HCS Group
Ergon, Inc.
Exxon Mobil Corporation
Hydrodec Group plc
Novvi, LLC
Royal Dutch Shell, PLC
China Petroleum & Chemical Corporation.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of transformer oil exceeded USD 2.9 billion in 2023 and is estimated to reach USD 5.2 billion by 2032, driven by the surging electricity consumption due to the growing global population, industrialization, and urbanization.

Mineral-based transformer oil industry is anticipated to grow at over 6.5% CAGR from 2023 to 2032, due to the widespread availability and compatibility of mineral-based oils with high-voltage transformers.

Asia Pacific market is projected to record more than 6.5% CAGR through 2032, owing to the rapid development of transmission & distribution networks across the region.

Some of the key industry players are APAR, Calumet Specialty Products Partners, L.P., Cargill, Incorporated, ENGEN PETROLEUM LTD, CASTROL LIMITED, Gandhar Oil Refinery (India) Limited, and Clearco Products Co., Inc.