Global Insulating Oil Market Growth 2019-2024

Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.
Although the growth of the downstream market of Asia-Pacific transformers is not as fast as expected. The biggest market are still in the rapidly growing Asia Pacific market—especially China, India, and the ASEAN countries. Based on improvements in political and economic stability, growth should also be better in Central and Eastern Europe, including the countries of the former USSR. Brazil is leading the growth in South America. Companies that are well established in these locations are in the strongest position to take advantage of these opportunities. Although the downstream market for transformers appears to be growing not so fast.

According to this study, over the next five years the Insulating Oil market will register a 6.2% CAGR in terms of revenue, the global market size will reach US$ 3070 million by 2024, from US$ 2150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Insulating Oil business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Insulating Oil market by product type, application, key manufacturers and key regions and countries.

This study considers the Insulating Oil value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Mineral Oil-based Insulating Oil
Silicone-based Insulating Oil
Synthetic Oil-based Insulating Oil
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Ordinary Transformer
EHV Transformer

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nynas
Petrochina
Shell
Apar Industry
Ergon
Sinopec
Calumet
Hydrodec
Jiangsu Shuangjiang
Jiangsu Gaoke
Dow Corning
Cargill
Engen Petroleum
Valvoline
Zibo Qinrun
Savita Oil
Raj Petro Specialties

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Insulating Oil consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Insulating Oil market by identifying its various subsegments.
Focuses on the key global Insulating Oil manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Insulating Oil with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Insulating Oil submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.