Insulating Oil Market - Trends Forecast Till 2028

Insulating Oil Market, by Oil Type (Mineral (Naphthenic, Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear, Reactor), End User (Transmission & Distribution, Power Generation, Railways & Metros) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CM-IOM-1070

Format:  

Number of Pages: 419

Domain: Chemicals & Materials

Insulating Oil Market – Trends Forecast Till 2028

The global Insulating Oil market size is projected to reach USD 3.4 billion by 2026 at a CAGR of 6.6% from USD 2 billion in 2021 during the forecast period 2021-2028.

Insulating oil better known as transformer oil is an oil which is stable and is used at high temperature. It also has insulating electric properties and is thus used at machines where there is generation of high temperature and electricity. The insulating property help to prevent the arcing in between the parts of the machine.

With industrialization and urbanizations taking pace along with the expansion of the electric grids are some of the factors that have supported long-term expansion for Insulating Oil Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Supply chain disruption, declined demand for the transformer oil, increased storage space all have resulted in a mixed impact over the market.

Insulating Oil Market Growth forecast

APAC is expected to be the largest market during the forecast period. Increased demand for electricity, industrialization, commercialization has led to the expansion of market in the region.

Insulating Oil Market is segmented into Oil type, Applications, End User and geography.

On the basis of Oil Type

  • Mineral oil
    • Naphthenic
      • Inhibited
      • Uninhibited
    • Paraffinic
  • Inhibited
  • Uninhibited
  • Silicone
  • Bio-based

On the basis of Application

  • Transformer
    • Power transformer
    • Distribution transformer
  • Reactor
  • Switchgear

On the basis of End-User

  • Transmission and Distribution
  • Railways & Metros
  • Power generation
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Insulating Oil Market Primary Respondent

 

Key Players

  • Royal Dutch Shell
  • Exxon Mobil Corporation
  • Savita Oil Technologies Limited
  • Chevron Corporation
  • Gandhar Oil
  • Lubrita
  • Phillips 66 Company
  • Gulf Oil International
  • Dow
  • Cargill
  • Hydrodec Group plc
  • Sasol
  • Hyrax Oil Sdn Bhd.
  • San Joaquin Refining Co
  • Valvoline Cummins
  • Engen Petroleum Limited

Recent Developments

  • In May 2021, Cargill, Incorporated. Signed up a partnership contract with Delta Star, Inc. for providing retro-filling services of its Envirotemp range of dielectric fluids to its customers.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Insulating Oil market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 2 billion

Growth Rate

CAGR of 6.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Oil type, Applications, End User and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Royal Dutch Shell , Exxon Mobil Corporation , Repsol , Ergon, Inc. , Nynas AB , Sinopec Lubricant Company , APAR Industries , PetroChina Company Limited , Savita Oil Technologies Limited , Chevron Corporation , M&I Materials Limited , Petro-Canada , Gandhar Oil , Lubrita , Phillips 66 Company , Gulf Oil International , Dow , Cargill, Incorporated. , Hydrodec Group plc , Calumet Specialty Products Partners, L.P. , Sasol , Hyrax Oil Sdn Bhd. , San Joaquin Refining Co, , Valvoline Cummins , and Engen Petroleum Limited

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