Tag Archives: Transformer Oil Market

Transformer Oil Market

Transformer Oil Market Overview:

Transformer Oil Market is Estimated to Grow Globally at 8.63% CAGR Accounting to USD 4,002.8 Mn during the Forecasting Period by 2018 to 2023.

Transformer Oil Market is projected to grow at a moderate pace of 7.5% in the next six years.

Transformer Oil Market Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the ****** transformer oils market;

  • Nynas AB (Sweden)
  • Ergon Inc. (U.S.)
  • Calumet Specialty Products (U.S.)
  • APAR Industries Limited (India)
  • PetroChina Company (China)
  • Sinopec Group (China)

Transformer Oil Market Size, Share, ****** Industry Report, 2018-2025

Industry Insights
The ****** transformer oil market size was estimated at USD 1.56 billion in 2016 and is expected to grow at a rate of 11.5% from 2017 to 2025. Expansion in the power sector to meet growing electricity requirements has driven significant progress in the transformers industry. The increasing focus on rural electrification in emerging economies such as India and China, coupled with a widespread awareness regarding equipment maintenance has driven market demand.