Latest Transformer Oil Market Analysis, Size, Regional Outlook, Share, Trend, Gr
Posted by akshayparmar on November 1st, 2017
Transformer Oil Market- Growth, Future Prospects & Competitive Analysis, 2017 - 2025, the Global Transformer Oil Market is expected to reach US$ 5.3 Bn by 2025, expanding at a CAGR of 4.7% during the forecast period 2017 - 2025.
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Increasing power demand due to growth in industrial, commercial and residential establishments fueling the demand for electricity across the globe which in turn is driving the demand for transformers subsequently increase the demand for transformer oil. Besides this, favorable government initiatives in key consuming economies such as India to completely move to electric vehicles on the road by 2030 which is expected to fuel the electricity consumption in India which is subsequently fueling the demand for transformer oil.
Global transformer oil market is segmented on the basis of type, application and geography. By type, mineral oil based segment was the most dominant segment in global transformer oil market in 2016 and anticipated to continue its dominance over the forecast period. Easy availability and affordable prices are projected to be the growth drivers of the segment. Based on application, distribution transformer segment accounted for the largest share in global transformer oil market. Growing demand for electricity due to growing urbanization and rural electrification projected to drive the growth of the segment.
2. Executive Summary
3. Global Transformer Oil Market Dynamics
4. Global Transformer Oil Market Size & Forecast (US$ Mn), By Type, 2015 – 2025
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