PUBLISHED DATE : Oct 2022 | Pages : 249
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The Global Transformer Oil Market Size, Share, & Trends Analysis Report by
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2027
249 Pages
100 Tables
92 Charts
5 Regions
23 Countries
23 Companies
3 Market Segment
| Report Attribute | Details |
|---|---|
| Market Size (2027) | USD 3.45 Billion |
| Market Size (2021) | USD 2.3 Billion |
| CAGR (2022-2027) | 6.36% |
| MARKET SIZE BY VOLUME (2027) | 2,584 Kilotons |
| BASE YEAR | 2021 |
| Forecast Year | 2022-2027 |
| SEGMENTS BY | Oil Type, End User, and Geography |
| Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
| KEY PLAYERS | Chevron Corporation, Dow, ExxonMobil, Shell PLC, and TotalEnergies |
The global transformer oil market volume is expected to reach 2,584.99 kilotons by 2027. Transformers oil or insulating oil, or dielectric fluid, is an oil that is stable at high temperatures with the best electrical insulating properties. This type of oil is used in wet transformers or oil-filled transformers, some high-voltage switches, circuit breakers, and high-voltage capacitors. The primary purpose of transformer oils is to insulate and maintain the temperature. Therefore, transformer oil must have the properties such as dielectric strength, chemical stability, thermal conductivity, and the ability to hold these properties for a longer duration.
The electricity distributors and industrial manufacturers regularly perform maintenance activities to avoid any transformers malfunctioning or interrupting electricity distribution. In addition, the increasing global population and use of various appliances have increased the per capita demand for electricity. Therefore, the global transformer oil market is expected to increase significantly due to the abovementioned factors. Further, transformer oil market manufacturers have invested much capital in R&D to develop improved products to offer prolonged service life, oil purification, and low environmental impact.
Expansion in Cross-Border Electricity Trade
The cross-border electricity trade is increasing in Asia as the countries such as India, Bhutan, Nepal, Bangladesh, Shri Lanka, Thailand, Malaysia, and Singapore have established an electrical grid that helps in electricity trade. This trade can be bilateral unidirectional and bilateral bidirectional. The evolving electricity industry in India is expected to improve the demand for cross-border electricity trade in South Asia. Similarly, the various countries in this region have laid down some net zero emission policies projected to boost the demand for renewable power generation. This increase in renewable power generation is expected to increase the cross-border electricity trade. The existing cross-border electricity trade in south Asian countries such as India, Bhutan, Bangladesh, and Nepal has established a foundation that will build a good relationship that could result in easy electricity trade on a regional level.
Expansion of Electric Grid in Emerging Economies
Industrialization drives economic growth in emerging economies. Emerging economies contribute almost 60% to the annual global growth as industrial development in China and India is high. In 2021, around 37 emerging countries accounted for 80% of the global population and approximately 70% of the world’s gross domestic product (GDP) growth generated through emerging economies, according to the International Monetary Fund (IMF). Emerging economies, especially India, China, and Brazil, represent profitable opportunities for the electricity industry due to their large populations. Oil & gas, agriculture, automotive, and pharmaceutical industries are major demand generators in emerging economies. Therefore, the electrical grid is expanding in emerging economies to cater to the increasing electricity demand due to industrial development. This expansion in the electrical grid is projected to increase the use of various types of transformers for the transmission & distribution of electricity. Hence the demand for the transformer oil market is expected to grow significantly.
Increasing Demand for Dry-Type Transformers
A dry-type transformer is a stationary solid-state device that requires minimal maintenance to function properly. There are no moving components in this transformer. Unlike liquid fill transformers, this transformer uses only high-temperature insulating technologies, which are extremely ecologically friendly. These transformers provide a safe and steady power supply that does not require fire-resistant vaults, poisonous gas emissions, or catch basins. These safety features will enable these transformers to be used in various applications where fire safety is necessary, such as schools, buildings, hospitals, factories, and chemical plants. This transformer does not employ a liquid-like silicone or oil to cool the core and coils. Therefore, the demand for dry transformers is expected to grow significantly due to the low cost of production and maintenance. Therefore, the need for oiled transformers is expected to decrease, likely negatively impacting the transformer oil market.
INSIGHTS BY END USER
Based on end users, the global transformer oil market is segmented into transmission & distribution, power generation, railways & metros, and others. Amond the end-user segment, the transmission & distribution is expected to be the largest segment in the industry with a market value of USD 1.10 billion in 2021. As a result, transformer oils are essential for keeping these transformers in good operating order. Transmission & distribution is one of the most critical industries for transformer oil, as numerous types of transformers are utilized in the transmission & distribution of power.
INSIGHTS BY Oil Type
Mineral oil is the largest segment amongst others in the transformer oil market. Mineral oil dominates the global industry as the ability to mix with a large number of additives. But in the future, the dominance of mineral oil in the transformer oil market is expected to decline due to the introduction of silicone-based and bio-based transformer oil. Also, developed countries such as the U.S., Germany, and Japan are concerned about the environmental impact of mineral oils; therefore, the respective government has laid down stringent regulations for transformer oils.
APAC is the largest global transformer oil market and is estimated to cross USD 1.4 billion by 2027. Asia Pacific region is the leading market because of its rapidly developing infrastructure, readily increasing population, and demand for various industries such as food & beverage, aerospace, automotive, power generation, and manufacturing. Furthermore, demand for power generation is expected to grow significantly as the APAC region population has grown tremendously in recent years.
South Asian countries are also engaging in cross-border electricity trade, which has boosted the transformer oil market demand. Even though APAC is a dominant industry in the world, many other countries with a high scope of development in transformer oil will challenge APAC's dominance. Regions such as North America and Europe have the most developed countries comprising various well-established industries requiring significant electricity.
North America is the 3rd largest market for transformer oil, and it is expected to grow at a considerable rate of 5.70% during the forecasted period. The oil & gas industry is a significant contributor to economic development in North America as North America is the largest crude oil manufacturer in the world. In addition, North America is one of the major hubs for the manufacturing sector that contributes significantly to various industries such as automotive, oil & gas, chemicals, and others. The North American region is home to many industrial lubrication manufacturers due to the high production and processing of oil & gas. Companies such as ExxonMobil, Valvoline, and Petro Canada have headquarters in the North American region. The U.S. and Canada are contributing to North America's high demand for transformer oil.
The key companies in the global transformer oil market have formed strategic partnerships with transmission and distribution service providers and the various industries that use oil transformers. This gives companies a competitive advantage that boosts their industry share. The key companies have undertaken different strategies to grow in the transformer oil market. Companies in the transformer oil industry compete strategically. The growth in sustainable processes and initiatives has challenged all companies globally. Investments in R&D, technological advancement, and environmental and economic challenges drive the demand for innovative and sustainable transformer oil products.
Some major players in the global transformer oil market include Chevron Corporation (U.S.), Shell (U.K.), Cargill (U.S.), DOW (U.S.), and Total Energies (France). These players have adopted strategies such as expansion, acquisitions, new product development, joint ventures, and others to increase their revenues in the transformer oil market. Furthermore, other prominent companies such as HPCL(India), BPCL(India), Phillips 66(US), APAR(India), Nyas AB(Sweden), Petro China (China), and others have invested significant capital in R&D to develop transformer oil products that will appeal to the customers. Therefore, these other prominent companies give tough competition to major companies in the industry.
Frequently Asked Questions
What is the revenue from the global transformer oil market?
The global transformer oil market share valued at USD 2.3 billion in 2021.
What is the projected market size of the global transformer oil market by 2027?
The global transformer oil market size is expected to reach USD 3.45 billion by 2027.
What is the growth rate of the transformer oil market?
The transformer oil market is expected to grow at a CAGR of 6.36% from 2022 to 2027.
Which region dominates the global transformer oil market?
APAC dominates the global transformer oil market as the transmission & distribution, power generation, railways & metros, and other industrial sectors in this region are increasing significantly because of continuous industrialization and infrastructure development.
What are the key driving factors in the transformer oil market?
The growing demand for bio-based transformer oil and expansion in the cross-border electricity trade drive the transformer oil market.
Who are the key players in the global transformer oil market?
Chevron Corporation, Dow, ExxonMobil Corporation, Shell PLC, and TotalEnergies are the key players in the global transformer oil market.
The global transformer oil market is expected to grow at a CAGR of approximately 6.36% from 2022 to 2027.
The following factors are likely to contribute to the growth of the global transformer oil market during the forecast period:
Base Year: 2021
Forecast Year: 2022-2027
The report considers the present scenario of the global transformer oil market and its market dynamics for 2022−2027. It covers a detailed overview of several industry growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Key Vendors
Other Prominent Vendors
Segmentation by Oil Type
Segmentation by End User
Segmentation by Geography
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 MARKET SYNOPSIS
6.1.1 GROWTH ENABLER
6.1.2 OPPORTUNITIES
6.1.3 RESTRAINT
6.2 SEGMENT REVIEW
6.2.1 END-USE
6.2.2 OIL TYPE
6.2.3 GEOGRAPHY
6.3 COMPANIES AND STRATEGIES
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
9 MARKET OPPORTUNITIES & TRENDS
9.1 EXPANSIONS OF THE ELECTRIC GRID IN EMERGING ECONOMIES
9.2 INCREASING ELECTRIFICATION OF RAILWAYS
10 MARKET GROWTH ENABLERS
10.1 GROWING DEMAND FOR BIO-BASED TRANSFORMER OIL
10.2 GROWING CROSS-BORDER ELECTRICITY TRADE
11 MARKET RESTRAINTS
11.1 INCREASING DEMAND FOR DRY-TYPE TRANSFORMERS
11.2 FLUCTUATIONS IN CRUDE OIL PRICES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 MACROECONOMIC FACTORS
12.3.1 INFRASTRUCTURE INDUSTRY
12.3.2 POWER GENERATION
12.4 FIVE FORCES ANALYSIS
12.4.1 THREAT OF NEW ENTRANTS
12.4.2 BARGAINING POWER OF SUPPLIERS
12.4.3 BARGAINING POWER OF BUYERS
12.4.4 THREAT OF SUBSTITUTES
12.4.5 COMPETITIVE RIVALRY
13 END-USE
13.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
13.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
13.3 MARKET OVERVIEW
13.4 TRANSMISSION & DISTRIBUTION
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.4.3 MARKET BY GEOGRAPHY
13.5 POWER GENERATION
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.5.3 MARKET BY GEOGRAPHY
13.6 RAILWAYS & METROS
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.6.3 MARKET BY GEOGRAPHY
13.7 OTHERS
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.7.3 MARKET BY GEOGRAPHY
14 OIL TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
14.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
14.3 MARKET OVERVIEW
14.4 MINERAL OIL
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.4.3 MARKET BY GEOGRAPHY
14.5 BIO-BASED OIL
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.5.3 MARKET BY GEOGRAPHY
14.6 SILICONE OIL
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.6.3 MARKET BY GEOGRAPHY
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
15.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
15.3 GEOGRAPHIC OVERVIEW
16 APAC
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.2.1 BY VALUE
16.2.2 BY VOLUME
16.3 END-USE
16.3.1 MARKET SIZE & FORECAST
16.4 BY OIL TYPE
16.4.1 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.6 CHINA
16.6.1 MARKET SIZE & FORECAST
16.7 INDIA
16.7.1 MARKET SIZE & FORECAST
16.9 JAPAN
16.9.1 MARKET SIZE & FORECAST
16.10 SOUTH KOREA
16.10.1 MARKET SIZE & FORECAST
16.11 INDONESIA
16.11.1 MARKET SIZE & FORECAST
16.12 REST OF APAC
16.12.1 MARKET SIZE & FORECAST
17 NORTH AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.2.1 BY VALUE
17.2.2 BY VOLUME
17.3 END-USE
17.3.1 MARKET SIZE & FORECAST
17.4 OIL TYPE
17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.6 US
17.6.1 MARKET SIZE & FORECAST
17.7 CANADA
17.7.1 MARKET SIZE & FORECAST
18 EUROPE
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.2.1 BY VALUE
18.2.2 BY VOLUME
18.3 END-USE
18.3.1 MARKET SIZE & FORECAST
18.4 OIL TYPE
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.6 RUSSIA
18.6.1 MARKET SIZE & FORECAST
18.7 GERMANY
18.7.1 MARKET SIZE & FORECAST
18.8 FRANCE
18.8.1 MARKET SIZE & FORECAST
18.9 UK
18.9.1 MARKET SIZE & FORECAST
18.10 ITALY
18.10.1 MARKET SIZE & FORECAST
18.11 SPAIN
18.11.1 MARKET SIZE & FORECAST
18.13 REST OF EUROPE
18.13.1 MARKET SIZE & FORECAST
19 LATIN AMERICA
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.2.1 BY VALUE
19.2.2 BY VOLUME
19.3 END-USE
19.3.1 MARKET SIZE & FORECAST
19.4 OIL TYPE
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.6 BRAZIL
19.6.1 MARKET SIZE & FORECAST
19.7 MEXICO
19.7.1 MARKET SIZE & FORECAST
19.8 ARGENTINA
19.8.1 MARKET SIZE & FORECAST
19.9 REST OF LATIN AMERICA
19.9.1 MARKET SIZE & FORECAST
20 MIDDLE EAST & AFRICA
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.2.1 BY VALUE
20.2.2 BY VOLUME
20.3 END-USE
20.3.1 MARKET SIZE & FORECAST
20.4 OIL TYPE
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.6 SAUDI ARABIA
20.6.1 MARKET SIZE & FORECAST
20.7 IRAN
20.7.1 MARKET SIZE & FORECAST
20.8 SOUTH AFRICA
20.8.1 MARKET SIZE & FORECAST
20.9 REST OF MEA
20.9.1 MARKET SIZE & FORECAST
21 COMPETITIVE LANDSCAPE
21.1 COMPETITION OVERVIEW
22 KEY COMPANY PROFILES
22.1 CHEVRON CORPORATION
22.1.1 FINANCIAL OVERVIEW
22.1.2 PRODUCT OFFERINGS
22.1.3 KEY STRATEGIES
22.1.4 KEY STRENGTHS
22.1.5 KEY OPPORTUNITIES
22.2 DOW
22.2.1 BUSINESS OVERVIEW
22.2.2 FINANCIAL OVERVIEW
22.2.3 PRODUCT OFFERINGS
22.2.4 KEY STRATEGIES
22.2.5 KEY STRENGTHS
22.2.6 KEY OPPORTUNITIES
22.3 EXXONMOBIL CORPORATION
22.3.1 BUSINESS OVERVIEW
22.3.2 FINANCIAL OVERVIEW
22.3.3 PRODUCT OFFERINGS
22.3.4 KEY STRATEGIES
22.3.5 KEY STRENGTHS
22.3.6 KEY OPPORTUNITIES
22.4 SHELL
22.4.1 BUSINESS OVERVIEW
22.4.2 FINANCIAL OVERVIEW
22.4.3 PRODUCT OFFERINGS
22.4.4 KEY STRATEGIES
22.4.5 KEY STRENGTHS
22.4.6 KEY OPPORTUNITIES
22.5 TOTALENERGIES
22.5.1 BUSINESS OVERVIEW
22.5.2 FINANCIAL OVERVIEW
22.5.3 PRODUCT OFFERINGS
22.5.4 KEY STRATEGIES
22.5.5 KEY STRENGTHS
22.5.6 KEY OPPORTUNITIES
23 OTHER PROMINENT VENDORS
23.1 APAR INDUSTRIES
23.1.1 COMPANY OVERVIEW
23.1.2 BUSINESS OVERVIEW
23.1.3 PRODUCT OFFERINGS
23.2 BHARAT PETROLEUM CORPORATION LIMITED
23.2.1 COMPANY OVERVIEW
23.2.2 BUSINESS OVERVIEW
23.2.3 PRODUCT OFFERINGS
23.3 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
23.3.1 COMPANY OVERVIEW
23.3.2 BUSINESS OVERVIEW
23.3.3 PRODUCT OFFERINGS
23.4 CARGILL
23.4.1 COMPANY OVERVIEW
23.4.2 BUSINESS OVERVIEW
23.4.3 PRODUCT OFFERINGS
23.5 CASTROL LIMITED
23.5.1 COMPANY OVERVIEW
23.5.2 BUSINESS OVERVIEW
23.5.3 PRODUCT OFFERINGS
23.6 ENGEN PETROLEUM LIMITED
23.6.1 COMPANY OVERVIEW
23.6.2 BUSINESS OVERVIEW
23.6.3 PRODUCT OFFERINGS
23.7 ERGON INC.
23.7.1 COMPANY OVERVIEW
23.7.2 PRODUCT OFFERINGS
23.8 GANDHAR OIL
23.8.1 COMPANY OVERVIEW
23.8.2 PRODUCT OFFERINGS
23.9 GULF OIL INDIA LUBRICANTS LIMITED
23.9.1 COMPANY OVERVIEW
23.9.2 BUSINESS OVERVIEW
23.9.3 PRODUCT OFFERINGS
23.10 HYDRODEC GROUP
23.10.1 COMPANY OVERVIEW
23.10.2 PRODUCT OFFERINGS
23.11 INDIAN OIL CORPORATION LIMITED
23.11.1 COMPANY OVERVIEW
23.11.2 BUSINESS OVERVIEW
23.11.3 PRODUCT OFFERINGS
23.12 NYNAS
23.12.1 COMPANY OVERVIEW
23.12.2 BUSINESS OVERVIEW
23.12.3 PRODUCT OFFERINGS
23.13 PETRO-CANADA LUBRICANTS
23.13.1 COMPANY OVERVIEW
23.13.2 PRODUCT OFFERINGS
23.14 PETROCHINA
23.14.1 COMPANY OVERVIEW
23.14.2 PRODUCT OFFERINGS
23.15 PHILLIPS 66
23.15.1 COMPANY OVERVIEW
23.15.2 BUSINESS OVERVIEW
23.15.3 PRODUCT OFFERINGS
23.16 REPSOL
23.16.1 COMPANY OVERVIEW
23.16.2 BUSINESS OVERVIEW
23.16.3 PRODUCT OFFERINGS
23.17 SINOPEC
23.17.1 COMPANY OVERVIEW
23.17.2 PRODUCT OFFERINGS
23.18 VALVOLINE
23.18.1 BUSINESS OVERVIEW
23.18.2 PRODUCT OFFERINGS
24 REPORT SUMMARY
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS
25 QUANTITATIVE SUMMARY
25.1 MARKET BY END-USE
25.1.1 TRANSMISSION & DISTRIBUTION (VALUE & VOLUME)
25.1.2 POWER GENERATION (VALUE & VOLUME)
25.1.3 RAILWAYS & METROS (VALUE & VOLUME)
25.1.4 OTHERS (VALUE & VOLUME)
25.2 MARKET BY OIL TYPE
25.2.1 MINERAL OIL (VALUE & VOLUME)
25.2.2 BIO-BASED OIL (VALUE & VOLUME)
25.2.3 SILICONE OIL (VALUE & VOLUME)
25.3 GEOGRAPHY
25.4 APAC
25.4.1 END-USE (VALUE & VOLUME)
25.4.2 OIL TYPE (VALUE & VOLUME)
25.5 EUROPE
25.5.1 END-USE (VALUE & VOLUME)
25.5.2 OIL TYPE (VALUE & VOLUME)
25.6 NORTH AMERICA
25.6.1 END-USE (VALUE & VOLUME)
25.6.2 OIL TYPE (VALUE & VOLUME)
25.7 LATIN AMERICA
25.7.1 END-USE (VALUE & VOLUME)
25.7.2 OIL TYPE (VALUE & VOLUME)
25.8 MIDDLE EAST & AFRICA
25.8.1 END-USE (VALUE & VOLUME)
25.8.2 OIL TYPE (VALUE & VOLUME)
26 APPENDIX
26.1 ABBREVIATIONS
EXHIBIT 1 SEGMENTATION OF THE GLOBAL TRANSFORMER OIL MARKET
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021
EXHIBIT 3 GLOBAL TRANSFORMER OIL MARKET ($ MILLION)
EXHIBIT 4 CONTRIBUTION OF VARIOUS END-USE INDUSTRIES IN THE TRANSFORMER OIL MARKET
EXHIBIT 5 REGION-WISE CONTRIBUTION OF THE TRANSFORMER OIL MARKET
EXHIBIT 6 IMPACT OF EXPANSIONS OF THE ELECTRIC GRID IN EMERGING ECONOMIES
EXHIBIT 7 IMPACT OF INCREASING ELECTRIFICATION OF RAILWAYS
EXHIBIT 8 BENEFITS OF ELECTRIFICATION OF RAILWAYS
EXHIBIT 9 IMPACT OF GROWING DEMAND FOR BIO-BASED TRANSFORMER OIL
EXHIBIT 10 IMPACT OF GROWING CROSS-BORDER ELECTRICITY TRADE
EXHIBIT 11 IMPACT OF INCREASING DEMAND FOR DRY-TYPE TRANSFORMERS
EXHIBIT 12 IMPACT OF FLUCTUATIONS IN CRUDE OIL PRICES
EXHIBIT 13 INDUSTRIES AFFECTING THE DEMAND FOR TRANSFORMERS
EXHIBIT 14 GLOBAL TRANSFORMER OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 15 GLOBAL TRANSFORMER OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 16 FIVE FORCES ANALYSIS 2021
EXHIBIT 17 INCREMENTAL GROWTH BY END-USE 2021 & 2027 ($ MILLION)
EXHIBIT 18 INCREMENTAL GROWTH BY END-USE 2021 & 2027 (KILOTONS)
EXHIBIT 19 GLOBAL TRANSFORMER OIL TRANSMISSION & DISTRIBUTION MARKET 2021–2027 ($ MILLION)
EXHIBIT 20 GLOBAL TRANSFORMER OIL TRANSMISSION & DISTRIBUTION MARKET 2021–2027 (KILOTONS)
EXHIBIT 21 GLOBAL TRANSFORMER OIL POWER GENERATION MARKET 2021–2027 ($ MILLION)
EXHIBIT 22 GLOBAL TRANSFORMER OIL POWER GENERATION MARKET 2021–2027 (KILOTONS)
EXHIBIT 23 POINTERS ON THE ELECTRIFICATION OF RAILWAYS
EXHIBIT 24 GLOBAL TRANSFORMER OIL RAILWAYS & METROS MARKET 2021–2027 ($ MILLION)
EXHIBIT 25 GLOBAL TRANSFORMER OIL RAILWAYS & METROS MARKET 2021–2027 (KILOTONS)
EXHIBIT 26 TRANSFORMER OIL RAILWAYS & METROS MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
EXHIBIT 27 GLOBAL TRANSFORMER OIL OTHER END-USES MARKET 2021–2027 ($ MILLION)
EXHIBIT 28 GLOBAL TRANSFORMER OIL OTHER END-USES MARKET 2021–2027 (KILOTONS)
EXHIBIT 29 INCREMENTAL GROWTH BY OIL TYPE 2021 & 2027 ($ MILLION)
EXHIBIT 30 INCREMENTAL GROWTH BY OIL TYPE 2021 & 2027 (KILOTONS)
EXHIBIT 31 GLOBAL TRANSFORMER MINERAL OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 32 GLOBAL TRANSFORMER MINERAL OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 33 GLOBAL TRANSFORMER BIO-BASED OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 34 GLOBAL TRANSFORMER BIO-BASED OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 35 GLOBAL TRANSFORMER SILICONE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 36 GLOBAL TRANSFORMER SILICONE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 37 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027 ($ MILLION)
EXHIBIT 38 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027 (KILOTONS)
EXHIBIT 39 TRANSFORMER OIL MARKET IN APAC 2021–2027 ($ MILLION)
EXHIBIT 40 TRANSFORMER OIL MARKET IN APAC 2021–2027 (KILOTONS)
EXHIBIT 41 TRANSFORMER OIL MARKET BY END-USE IN APAC 2021−2027 ($ MILLION)
EXHIBIT 42 TRANSFORMER OIL MARKET BY END-USE IN APAC 2021−2027 (KILOTONS)
EXHIBIT 43 INCREMENTAL GROWTH IN APAC 2021 & 2027 ($ MILLION)
EXHIBIT 44 TRANSFORMER OIL MARKET IN CHINA 2021–2027 ($ MILLION)
EXHIBIT 45 TRANSFORMER OIL MARKET IN INDIA 2021–2027 ($ MILLION)
EXHIBIT 46 TRANSFORMER OIL MARKET IN JAPAN 2021–2027 ($ MILLION)
EXHIBIT 47 TRANSFORMER OIL MARKET IN SOUTH KOREA 2021–2027 ($ MILLION)
EXHIBIT 48 TRANSFORMER OIL MARKET IN INDONESIA 2021–2027 ($ MILLION)
EXHIBIT 49 TRANSFORMER OIL MARKET IN THE REST OF APAC 2021–2027 ($ MILLION)
EXHIBIT 50 TRANSFORMER OIL MARKET IN NORTH AMERICA 2021–2027 ($ MILLION)
EXHIBIT 51 TRANSFORMER OIL MARKET IN NORTH AMERICA 2021–2027 (KILOTONS)
EXHIBIT 52 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027 ($ MILLION)
EXHIBIT 53 TRANSFORMER OIL MARKET IN THE US 2021–2027 ($ MILLION)
EXHIBIT 54 TRANSFORMER OIL MARKET IN CANADA 2021–2027 ($ MILLION)
EXHIBIT 55 TRANSFORMER OIL MARKET IN EUROPE 2021–2027 ($ MILLION)
EXHIBIT 56 TRANSFORMER OIL MARKET IN EUROPE 2021–2027 (KILOTONS)
EXHIBIT 57 TRANSFORMER OIL MARKET BY END-USE IN EUROPE 2021−2027 ($ MILLION)
EXHIBIT 58 TRANSFORMER OIL MARKET BY END-USE IN EUROPE 2021−2027 (KILOTONS)
EXHIBIT 59 INCREMENTAL GROWTH IN EUROPE 2021 & 2027 ($ MILLION)
EXHIBIT 60 TRANSFORMER OIL MARKET IN RUSSIA 2021–2027 ($ MILLION)
EXHIBIT 61 TRANSFORMER OIL MARKET IN GERMANY 2021–2027 ($ MILLION)
EXHIBIT 62 TRANSFORMER OIL MARKET IN FRANCE 2021–2027 ($ MILLION)
EXHIBIT 63 TRANSFORMER OIL MARKET IN THE UK 2021–2027 ($ MILLION)
EXHIBIT 64 TRANSFORMER OIL MARKET IN ITALY 2021–2027 ($ MILLION)
EXHIBIT 65 TRANSFORMER OIL MARKET IN SPAIN 2021–2027 ($ MILLION)
EXHIBIT 66 TRANSFORMER OIL MARKET IN THE REST OF EUROPE 2021–2027 ($ MILLION)
EXHIBIT 67 TRANSFORMER OIL MARKET IN LATIN AMERICA 2021–2027 ($ MILLION)
EXHIBIT 68 TRANSFORMER OIL MARKET IN LATIN AMERICA 2021–2027 (KILOTONS)
EXHIBIT 69 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027 ($ MILLION)
EXHIBIT 70 TRANSFORMER OIL MARKET IN BRAZIL 2021–2027 ($ MILLION)
EXHIBIT 71 TRANSFORMER OIL MARKET IN MEXICO 2021–2027 ($ MILLION)
EXHIBIT 72 TRANSFORMER OIL MARKET IN ARGENTINA 2021–2027 ($ MILLION)
EXHIBIT 73 TRANSFORMER OIL MARKET IN THE REST OF LATIN AMERICA 2021–2027 ($ MILLION)
EXHIBIT 74 TRANSFORMER OIL MARKET IN THE MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)
EXHIBIT 75 TRANSFORMER OIL MARKET IN THE MIDDLE EAST & AFRICA 2021–2027 (KILOTONS)
EXHIBIT 76 TRANSFORMER OIL MARKET BY END-USE IN THE MIDDLE EAST & AFRICA 2021−2027 ($ MILLION)
EXHIBIT 77 TRANSFORMER OIL MARKET BY END-USE IN THE MIDDLE EAST & AFRICA 2021−2027 (KILOTONS)
EXHIBIT 78 INCREMENTAL GROWTH IN THE MIDDLE EAST & AFRICA 2021 & 2027 ($ MILLION)
EXHIBIT 79 TRANSFORMER OIL MARKET IN SAUDI ARABIA 2021–2027 ($ MILLION)
EXHIBIT 80 TRANSFORMER OIL MARKET IN IRAN 2021–2027 ($ MILLION)
EXHIBIT 81 TRANSFORMER OIL MARKET IN SOUTH AFRICA 2021–2027 ($ MILLION)
EXHIBIT 82 TRANSFORMER OIL MARKET IN THE REST OF THE MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)
EXHIBIT 83 REVENUE – CHEVRON CORPORATION, 2019-2021 ($ MILLION)
EXHIBIT 84 SEGMENTAL REVENUE – CHEVRON CORPORATION, 2021 (% REVENUE)
EXHIBIT 85 REVENUE – DOW, 2019-2021 ($ MILLION)
EXHIBIT 86 SEGMENTAL REVENUE – DOW, 2021 (% REVENUE)
EXHIBIT 87 REVENUE – EXXONMOBIL, 2019-2021 ($ MILLION)
EXHIBIT 88 SEGMENTAL REVENUE – EXXONMOBIL, 2021 (% REVENUE)
EXHIBIT 89 REVENUE – SHELL, 2019-2021 ($ MILLION)
EXHIBIT 90 SEGMENTAL REVENUE – SHELL, 2021 (% REVENUE)
EXHIBIT 91 REVENUE – TOTALENERGIES, 2019-2021 ($ MILLION)
EXHIBIT 92 SEGMENTAL REVENUE – TOTALENERGIES, 2021 (% REVENUE)
LIST OF TABLES
TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION 2015−2021
TABLE 3 CRUDE OIL PRICES OF LAST 5 YEARS ($ PER BARREL)
TABLE 4 MAJOR INFRASTRUCTURAL PROJECTS BY REGION
TABLE 5 ELECTRICITY GENERATION IN EACH REGION BY FUEL TYPE (TERAWATT-HOURS)
TABLE 6 TRANSFORMER OIL TRANSMISSION & DISTRIBUTION MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 7 TRANSFORMER OIL TRANSMISSION & DISTRIBUTION MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 8 TRANSFORMER OIL POWER GENERATION MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 9 TRANSFORMER OIL POWER GENERATION MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 10 TRANSFORMER OIL RAILWAYS & METROS MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 11 TRANSFORMER OIL OTHER END-USES MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 12 TRANSFORMER OIL OTHER END-USES MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 13 TRANSFORMER MINERAL OIL MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 14 TRANSFORMER MINERAL OIL MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 15 TRANSFORMER BIO-BASED OIL MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 16 TRANSFORMER BIO-BASED OIL MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 17 TRANSFORMER SILICONE OIL MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 18 TRANSFORMER SILICONE OIL MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 19 TRANSFORMER OIL MARKET BY OIL TYPE IN APAC 2021−2027 ($ MILLION)
TABLE 20 TRANSFORMER OIL MARKET BY OIL TYPE IN APAC 2021−2027 (KILOTONS)
TABLE 21 TRANSFORMER OIL MARKET BY END-USE IN NORTH AMERICA 2021−2027 ($ MILLION)
TABLE 22 TRANSFORMER OIL MARKET BY END-USE IN NORTH AMERICA 2021−2027 (KILOTONS)
TABLE 23 TRANSFORMER OIL MARKET BY OIL TYPE IN NORTH AMERICA 2021−2027 ($ MILLION)
TABLE 24 TRANSFORMER OIL MARKET BY OIL TYPE IN NORTH AMERICA 2021−2027 (KILOTONS)
TABLE 25 TRANSFORMER OIL MARKET BY OIL TYPE IN EUROPE 2021−2027 ($ MILLION)
TABLE 26 TRANSFORMER OIL MARKET BY OIL TYPE IN EUROPE 2021−2027 (KILOTONS)
TABLE 27 TRANSFORMER OIL MARKET BY END-USE IN LATIN AMERICA 2021−2027 ($ MILLION)
TABLE 28 TRANSFORMER OIL MARKET BY END-USE IN LATIN AMERICA 2021−2027 (KILOTONS)
TABLE 29 TRANSFORMER OIL MARKET BY OIL TYPE IN LATIN AMERICA 2021−2027 ($ MILLION)
TABLE 30 TRANSFORMER OIL MARKET BY OIL TYPE IN LATIN AMERICA 2021−2027 (KILOTONS)
TABLE 31 TRANSFORMER OIL MARKET BY OIL TYPE IN THE MIDDLE EAST & AFRICA 2021−2027 ($ MILLION)
TABLE 32 TRANSFORMER OIL MARKET BY OIL TYPE IN THE MIDDLE EAST & AFRICA 2021−2027 (KILOTONS)
TABLE 33 CHEVRON CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 34 DOW: MAJOR PRODUCT OFFERINGS
TABLE 35 EXXONMOBIL: MAJOR PRODUCT OFFERINGS
TABLE 36 SHELL: MAJOR PRODUCT OFFERINGS
TABLE 37 TOTALENERGIES: MAJOR PRODUCT OFFERINGS
TABLE 38 APAR INDUSTRIES: BUSINESS & FINANCIAL OVERVIEW
TABLE 39 APAR INDUSTRIES: MAJOR PRODUCT OFFERINGS
TABLE 40 BPCL: BUSINESS & FINANCIAL OVERVIEW
TABLE 41 BHARAT PETROLEUM CORPORATION LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 42 CALUMET SPECIALTY PRODUCTS PARTNERS: BUSINESS & FINANCIAL OVERVIEW
TABLE 43 CALUMET SPECIALTY PRODUCTS PARTNERS: MAJOR PRODUCT OFFERINGS
TABLE 44 CARGILL: BUSINESS & FINANCIAL OVERVIEW
TABLE 45 CARGILL: MAJOR PRODUCT OFFERINGS
TABLE 46 CASTROL: BUSINESS & FINANCIAL OVERVIEW
TABLE 47 CASTROL: MAJOR PRODUCT OFFERINGS
TABLE 48 ENGEN PETROLEUM LIMITED: BUSINESS & FINANCIAL OVERVIEW
TABLE 49 ENGEN PETROLEUM LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 50 ERGON: MAJOR PRODUCT OFFERINGS
TABLE 51 GANDHAR OIL: MAJOR PRODUCT OFFERINGS
TABLE 52 GULF OIL INDIA LUBRICANTS: BUSINESS & FINANCIAL OVERVIEW
TABLE 53 GULF OIL INDIA LUBRICANTS: MAJOR PRODUCT OFFERINGS
TABLE 54 HYDRODEC GROUP: MAJOR PRODUCT OFFERINGS
TABLE 55 INDIAN OIL CORPORATION LIMITED: BUSINESS & FINANCIAL OVERVIEW
TABLE 56 INDIAN OIL CORPORATION LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 57 NYNAS: BUSINESS & FINANCIAL OVERVIEW
TABLE 58 NYNAS: MAJOR PRODUCT OFFERINGS
TABLE 59 PETRO-CANADA LUBRICANTS: MAJOR PRODUCT OFFERINGS
TABLE 60 PETROCHINA: MAJOR PRODUCT OFFERINGS
TABLE 61 PHILLIPS 66: BUSINESS & FINANCIAL OVERVIEW
TABLE 62 PHILLIPS 66: MAJOR PRODUCT OFFERINGS
TABLE 63 REPSOL: BUSINESS & FINANCIAL OVERVIEW
TABLE 64 REPSOL: MAJOR PRODUCT OFFERINGS
TABLE 65 SINOPEC: MAJOR PRODUCT OFFERINGS
TABLE 66 VALVOLINE: MAJOR PRODUCT OFFERINGS
TABLE 67 GLOBAL TRANSFORMER OIL TRANSMISSION & DISTRIBUTION MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 68 GLOBAL TRANSFORMER OIL TRANSMISSION & DISTRIBUTION MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 69 GLOBAL TRANSFORMER OIL POWER GENERATION MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 70 GLOBAL TRANSFORMER OIL POWER GENERATION MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 71 GLOBAL TRANSFORMER OIL RAILWAYS & METROS MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 72 GLOBAL TRANSFORMER OIL RAILWAYS & METROS MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 73 GLOBAL TRANSFORMER OIL OTHER END-USES MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 74 GLOBAL TRANSFORMER OIL OTHER END-USES MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 75 GLOBAL TRANSFORMER MINERAL OIL MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 76 GLOBAL TRANSFORMER MINERAL OIL MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 77 GLOBAL BIO-BASED TRANSFORMER OIL MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 78 GLOBAL BIO-BASED TRANSFORMER OIL MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 79 GLOBAL TRANSFORMER SILICONE OIL MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 80 GLOBAL TRANSFORMER SILICONE OIL MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 81 TRANSFORMER OIL MARKET BY END-USE IN APAC 2021–2027 ($ MILLION)
TABLE 82 TRANSFORMER OIL MARKET BY END-USE IN APAC 2021–2027 (KILOTONS)
TABLE 83 TRANSFORMER OIL MARKET BY OIL TYPE IN APAC 2021–2027 ($ MILLION)
TABLE 84 TRANSFORMER OIL MARKET BY OIL TYPE IN APAC 2021–2027 (KILOTONS)
TABLE 85 TRANSFORMER OIL MARKET BY END-USE IN EUROPE 2021–2027 ($ MILLION)
TABLE 86 TRANSFORMER OIL MARKET BY END-USE IN EUROPE 2021–2027 (KILOTONS)
TABLE 87 TRANSFORMER OIL MARKET BY OIL TYPE IN EUROPE 2021–2027 ($ MILLION)
TABLE 88 TRANSFORMER OIL MARKET BY OIL TYPE IN EUROPE 2021–2027 (KILOTONS)
TABLE 89 TRANSFORMER OIL MARKET BY END-USE IN NORTH AMERICA 2021–2027 ($ MILLION)
TABLE 90 TRANSFORMER OIL MARKET BY END-USE IN NORTH AMERICA 2021–2027 (KILOTONS)
TABLE 91 TRANSFORMER OIL MARKET BY OIL TYPE IN NORTH AMERICA 2021–2027 ($ MILLION)
TABLE 92 TRANSFORMER OIL MARKET BY OIL TYPE IN NORTH AMERICA 2021–2027 (KILOTONS)
TABLE 93 TRANSFORMER OIL MARKET BY END-USE IN LATIN AMERICA 2021–2027 ($ MILLION)
TABLE 94 TRANSFORMER OIL MARKET BY END-USE IN LATIN AMERICA 2021–2027 (KILOTONS)
TABLE 95 TRANSFORMER OIL MARKET BY OIL TYPE IN LATIN AMERICA 2021–2027 ($ MILLION)
TABLE 96 TRANSFORMER OIL MARKET BY OIL TYPE IN LATIN AMERICA 2021–2027 (KILOTONS)
TABLE 97 TRANSFORMER OIL MARKET BY END-USE IN THE MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)
TABLE 98 TRANSFORMER OIL MARKET BY END-USE IN THE MIDDLE EAST & AFRICA 2021–2027 (KILOTONS)
TABLE 99 TRANSFORMER OIL MARKET BY OIL TYPE IN THE MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)
TABLE 100 TRANSFORMER OIL MARKET BY OIL TYPE IN THE MIDDLE EAST & AFRICA 2021–2027 (KILOTONS)
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"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."
