Transformer Oil Market

Global Transformer
Oil Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Report Description
In order to meet the residential, commercial and industrial energy requirements and
ensure a smooth operation of power supply transformer plays an important role. During
transformer operation, transformers dissipate heat which can damage the system if not
controlled. In order to achieve seamless operation of transformer by preventing from
heat damage the oil are used. Transformer oil is used in oil-filled and submersible
transformers to maintain temperature of transformer. Application of transformer oil can
also be seen in high-voltagecircuit breakers and switches. Since the oil is in constant
contact with components it is therefore susceptible to chemical interaction. It is
therefore essential to check for the quality of transformer oil at regular intervals since
with continuous reaction the chemical composition of the oil may change and this may
render it unfit for use.
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The market for transformer oil is subjected to the demands of the various end-use
industries such as chemicals and automotive, and the type of transformer used. The oil
used in transformers is hydrocarbon mineral oil. There are two major types of
transformer oil used in the industry; naphthenic and paraffinic based. Though bio based
transformer oil have gained attention due to stringent environmental issues but their
usage is restricted due to limited advantage. The market of transformer oil will be driven
by the expanding energy demand and growing installation of power grids in urban
scenario. Due to growing population, the power grid companies needs to expand and
upgrade their existing capacities causing penetration of transformers to increase which in

Report Description
The transition towards renewable sources of energy, strict environmental laws and shift
towards organic oils may restraint the market of mineral based transformer oil.
Asia is one of the largest consumer of transformer oils followed by North America, South
America and Europe. For the forecasted year’s Asia-pacific transformer oil market will
continue to lead in terms of consumption. The demand for transformer oil in Asia Pacific
is rapidly growing for emerging markets of India and China. This demand is transformer
oil is attributed to the increasing focus on rural and urban development in infrastructure.
This involves a shift in focus from high capacity transformer to small and mid-segment
transformers for domestic and agricultural uses. The transformer oil markets of China,
India and also Brazil will dominate owing to the government initiative for the electricity
accessibility to the country’s population. The demand for in the mineral based is
anticipated to stabilize due to the shift towards green (bio based) alternatives. The
demand for transformer oil in regions of Americas and Europe is related to high capacity
industrial transformers. The demand for transformer oil in these regions is anticipated to
be slower than those in Asia Pacific owing to the significant development of renewable
sources of energy and reduced dependability on conventional sources of energy.
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Transformer Oil Market: Key Players
Some of the key players identified in the transformer oil market are Hydrodec Group PLC,
Nynas AB, Calumet Specialty Products Partners, Valvoline,APAR Industries, Sinopec

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