Global Transformer Oil Market Growth 2023-2029

Insulating oil in an electrical power transformer is commonly known as transformer oil. It is normally obtained by fractional distillation and subsequent treatment of crude petroleum. That is why this oil is also known as mineral insulating oil. Transformer oil serves mainly two purposes one it is liquid insulation in electrical power transformer and two it dissipates heat of the transformer oil. acts as coolant. In addition to these, this oil serves other two purposes, it helps to preserve the core and winding as these are fully immersed inside oil and another important purpose of this oil is, it prevents direct contact of atmospheric oxygen with cellulose made paper insulation of windings, which is susceptible to oxidation.

LPI (LP Information)' newest research report, the “Transformer Oil Industry Forecast” looks at past sales and reviews total world Transformer Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Transformer Oil sales for 2023 through 2029. With Transformer Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transformer Oil industry.

This Insight Report provides a comprehensive analysis of the global Transformer Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Transformer Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Transformer Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Transformer Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Transformer Oil.

The global Transformer Oil market size is projected to grow from US$ 2606.4 million in 2022 to US$ 3782.8 million in 2029; it is expected to grow at a CAGR of 3782.8 from 2023 to 2029.

In the Middle East, Africa and Asia markets, the major producers are PetroChina, APAR Industry, CNOOC, Sinopec and Savita Oil, with a combined market share of 56%.

This report presents a comprehensive overview, market shares, and growth opportunities of Transformer Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Mineral Oil-based Transformer Oil
    Synthetic Oil-based Transformer Oil
    Silicone-based Transformer Oil
    Others

Segmentation by application
    Ordinary Transformer
    EHV Transformer

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Petrochina
    Apar Industry
    CNOOC
    Sinopec
    Savita Oil
    Jiangsu Gaoke
    Raj Petro Specialties
    JXTG
    Nynas
    Jiangsu Shuangjiang
    Shell

Key Questions Addressed in this Report
What is the 10-year outlook for the global Transformer Oil market?
What factors are driving Transformer Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Transformer Oil market opportunities vary by end market size?
How does Transformer Oil break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Transformer Oil Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Transformer Oil Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Mineral Oil-based Transformer Oil
    Table 4. Major Players of Synthetic Oil-based Transformer Oil
    Table 5. Major Players of Silicone-based Transformer Oil
    Table 6. Major Players of Others
    Table 7. Global Transformer Oil Sales by Type (2018-2023) & (K MT)
    Table 8. Global Transformer Oil Sales Market Share by Type (2018-2023)
    Table 9. Global Transformer Oil Revenue by Type (2018-2023) & ($ million)
    Table 10. Global Transformer Oil Revenue Market Share by Type (2018-2023)
    Table 11. Global Transformer Oil Sale Price by Type (2018-2023) & (USD/MT)
    Table 12. Global Transformer Oil Sales by Application (2018-2023) & (K MT)
    Table 13. Global Transformer Oil Sales Market Share by Application (2018-2023)
    Table 14. Global Transformer Oil Revenue by Application (2018-2023)
    Table 15. Global Transformer Oil Revenue Market Share by Application (2018-2023)
    Table 16. Global Transformer Oil Sale Price by Application (2018-2023) & (USD/MT)
    Table 17. Global Transformer Oil Sales by Company (2018-2023) & (K MT)
    Table 18. Global Transformer Oil Sales Market Share by Company (2018-2023)
    Table 19. Global Transformer Oil Revenue by Company (2018-2023) ($ Millions)
    Table 20. Global Transformer Oil Revenue Market Share by Company (2018-2023)
    Table 21. Global Transformer Oil Sale Price by Company (2018-2023) & (USD/MT)
    Table 22. Key Manufacturers Transformer Oil Producing Area Distribution and Sales Area
    Table 23. Players Transformer Oil Products Offered
    Table 24. Transformer Oil Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 25. New Products and Potential Entrants
    Table 26. Mergers & Acquisitions, Expansion
    Table 27. Global Transformer Oil Sales by Geographic Region (2018-2023) & (K MT)
    Table 28. Global Transformer Oil Sales Market Share Geographic Region (2018-2023)
    Table 29. Global Transformer Oil Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 30. Global Transformer Oil Revenue Market Share by Geographic Region (2018-2023)
    Table 31. Global Transformer Oil Sales by Country/Region (2018-2023) & (K MT)
    Table 32. Global Transformer Oil Sales Market Share by Country/Region (2018-2023)
    Table 33. Global Transformer Oil Revenue by Country/Region (2018-2023) & ($ millions)
    Table 34. Global Transformer Oil Revenue Market Share by Country/Region (2018-2023)
    Table 35. Americas Transformer Oil Sales by Country (2018-2023) & (K MT)
    Table 36. Americas Transformer Oil Sales Market Share by Country (2018-2023)
    Table 37. Americas Transformer Oil Revenue by Country (2018-2023) & ($ Millions)
    Table 38. Americas Transformer Oil Revenue Market Share by Country (2018-2023)
    Table 39. Americas Transformer Oil Sales by Type (2018-2023) & (K MT)
    Table 40. Americas Transformer Oil Sales by Application (2018-2023) & (K MT)
    Table 41. APAC Transformer Oil Sales by Region (2018-2023) & (K MT)
    Table 42. APAC Transformer Oil Sales Market Share by Region (2018-2023)
    Table 43. APAC Transformer Oil Revenue by Region (2018-2023) & ($ Millions)
    Table 44. APAC Transformer Oil Revenue Market Share by Region (2018-2023)
    Table 45. APAC Transformer Oil Sales by Type (2018-2023) & (K MT)
    Table 46. APAC Transformer Oil Sales by Application (2018-2023) & (K MT)
    Table 47. Europe Transformer Oil Sales by Country (2018-2023) & (K MT)
    Table 48. Europe Transformer Oil Sales Market Share by Country (2018-2023)
    Table 49. Europe Transformer Oil Revenue by Country (2018-2023) & ($ Millions)
    Table 50. Europe Transformer Oil Revenue Market Share by Country (2018-2023)
    Table 51. Europe Transformer Oil Sales by Type (2018-2023) & (K MT)
    Table 52. Europe Transformer Oil Sales by Application (2018-2023) & (K MT)
    Table 53. Middle East & Africa Transformer Oil Sales by Country (2018-2023) & (K MT)
    Table 54. Middle East & Africa Transformer Oil Sales Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Transformer Oil Revenue by Country (2018-2023) & ($ Millions)
    Table 56. Middle East & Africa Transformer Oil Revenue Market Share by Country (2018-2023)
    Table 57. Middle East & Africa Transformer Oil Sales by Type (2018-2023) & (K MT)
    Table 58. Middle East & Africa Transformer Oil Sales by Application (2018-2023) & (K MT)
    Table 59. Key Market Drivers & Growth Opportunities of Transformer Oil
    Table 60. Key Market Challenges & Risks of Transformer Oil
    Table 61. Key Industry Trends of Transformer Oil
    Table 62. Transformer Oil Raw Material
    Table 63. Key Suppliers of Raw Materials
    Table 64. Transformer Oil Distributors List
    Table 65. Transformer Oil Customer List
    Table 66. Global Transformer Oil Sales Forecast by Region (2024-2029) & (K MT)
    Table 67. Global Transformer Oil Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 68. Americas Transformer Oil Sales Forecast by Country (2024-2029) & (K MT)
    Table 69. Americas Transformer Oil Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 70. APAC Transformer Oil Sales Forecast by Region (2024-2029) & (K MT)
    Table 71. APAC Transformer Oil Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 72. Europe Transformer Oil Sales Forecast by Country (2024-2029) & (K MT)
    Table 73. Europe Transformer Oil Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Middle East & Africa Transformer Oil Sales Forecast by Country (2024-2029) & (K MT)
    Table 75. Middle East & Africa Transformer Oil Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 76. Global Transformer Oil Sales Forecast by Type (2024-2029) & (K MT)
    Table 77. Global Transformer Oil Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 78. Global Transformer Oil Sales Forecast by Application (2024-2029) & (K MT)
    Table 79. Global Transformer Oil Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 80. Petrochina Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 81. Petrochina Transformer Oil Product Portfolios and Specifications
    Table 82. Petrochina Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 83. Petrochina Main Business
    Table 84. Petrochina Latest Developments
    Table 85. Apar Industry Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 86. Apar Industry Transformer Oil Product Portfolios and Specifications
    Table 87. Apar Industry Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 88. Apar Industry Main Business
    Table 89. Apar Industry Latest Developments
    Table 90. CNOOC Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 91. CNOOC Transformer Oil Product Portfolios and Specifications
    Table 92. CNOOC Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 93. CNOOC Main Business
    Table 94. CNOOC Latest Developments
    Table 95. Sinopec Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 96. Sinopec Transformer Oil Product Portfolios and Specifications
    Table 97. Sinopec Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 98. Sinopec Main Business
    Table 99. Sinopec Latest Developments
    Table 100. Savita Oil Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 101. Savita Oil Transformer Oil Product Portfolios and Specifications
    Table 102. Savita Oil Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 103. Savita Oil Main Business
    Table 104. Savita Oil Latest Developments
    Table 105. Jiangsu Gaoke Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 106. Jiangsu Gaoke Transformer Oil Product Portfolios and Specifications
    Table 107. Jiangsu Gaoke Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 108. Jiangsu Gaoke Main Business
    Table 109. Jiangsu Gaoke Latest Developments
    Table 110. Raj Petro Specialties Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 111. Raj Petro Specialties Transformer Oil Product Portfolios and Specifications
    Table 112. Raj Petro Specialties Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 113. Raj Petro Specialties Main Business
    Table 114. Raj Petro Specialties Latest Developments
    Table 115. JXTG Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 116. JXTG Transformer Oil Product Portfolios and Specifications
    Table 117. JXTG Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 118. JXTG Main Business
    Table 119. JXTG Latest Developments
    Table 120. Nynas Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 121. Nynas Transformer Oil Product Portfolios and Specifications
    Table 122. Nynas Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 123. Nynas Main Business
    Table 124. Nynas Latest Developments
    Table 125. Jiangsu Shuangjiang Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 126. Jiangsu Shuangjiang Transformer Oil Product Portfolios and Specifications
    Table 127. Jiangsu Shuangjiang Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 128. Jiangsu Shuangjiang Main Business
    Table 129. Jiangsu Shuangjiang Latest Developments
    Table 130. Shell Basic Information, Transformer Oil Manufacturing Base, Sales Area and Its Competitors
    Table 131. Shell Transformer Oil Product Portfolios and Specifications
    Table 132. Shell Transformer Oil Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 133. Shell Main Business
    Table 134. Shell Latest Developments
List of Figures
    Figure 1. Picture of Transformer Oil
    Figure 2. Transformer Oil Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Transformer Oil Sales Growth Rate 2018-2029 (K MT)
    Figure 7. Global Transformer Oil Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Transformer Oil Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Mineral Oil-based Transformer Oil
    Figure 10. Product Picture of Synthetic Oil-based Transformer Oil
    Figure 11. Product Picture of Silicone-based Transformer Oil
    Figure 12. Product Picture of Others
    Figure 13. Global Transformer Oil Sales Market Share by Type in 2022
    Figure 14. Global Transformer Oil Revenue Market Share by Type (2018-2023)
    Figure 15. Transformer Oil Consumed in Ordinary Transformer
    Figure 16. Global Transformer Oil Market: Ordinary Transformer (2018-2023) & (K MT)
    Figure 17. Transformer Oil Consumed in EHV Transformer
    Figure 18. Global Transformer Oil Market: EHV Transformer (2018-2023) & (K MT)
    Figure 19. Global Transformer Oil Sales Market Share by Application (2022)
    Figure 20. Global Transformer Oil Revenue Market Share by Application in 2022
    Figure 21. Transformer Oil Sales Market by Company in 2022 (K MT)
    Figure 22. Global Transformer Oil Sales Market Share by Company in 2022
    Figure 23. Transformer Oil Revenue Market by Company in 2022 ($ Million)
    Figure 24. Global Transformer Oil Revenue Market Share by Company in 2022
    Figure 25. Global Transformer Oil Sales Market Share by Geographic Region (2018-2023)
    Figure 26. Global Transformer Oil Revenue Market Share by Geographic Region in 2022
    Figure 27. Americas Transformer Oil Sales 2018-2023 (K MT)
    Figure 28. Americas Transformer Oil Revenue 2018-2023 ($ Millions)
    Figure 29. APAC Transformer Oil Sales 2018-2023 (K MT)
    Figure 30. APAC Transformer Oil Revenue 2018-2023 ($ Millions)
    Figure 31. Europe Transformer Oil Sales 2018-2023 (K MT)
    Figure 32. Europe Transformer Oil Revenue 2018-2023 ($ Millions)
    Figure 33. Middle East & Africa Transformer Oil Sales 2018-2023 (K MT)
    Figure 34. Middle East & Africa Transformer Oil Revenue 2018-2023 ($ Millions)
    Figure 35. Americas Transformer Oil Sales Market Share by Country in 2022
    Figure 36. Americas Transformer Oil Revenue Market Share by Country in 2022
    Figure 37. Americas Transformer Oil Sales Market Share by Type (2018-2023)
    Figure 38. Americas Transformer Oil Sales Market Share by Application (2018-2023)
    Figure 39. United States Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 40. Canada Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 41. Mexico Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Brazil Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 43. APAC Transformer Oil Sales Market Share by Region in 2022
    Figure 44. APAC Transformer Oil Revenue Market Share by Regions in 2022
    Figure 45. APAC Transformer Oil Sales Market Share by Type (2018-2023)
    Figure 46. APAC Transformer Oil Sales Market Share by Application (2018-2023)
    Figure 47. China Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 48. Japan Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 49. South Korea Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Southeast Asia Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 51. India Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Australia Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 53. China Taiwan Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Europe Transformer Oil Sales Market Share by Country in 2022
    Figure 55. Europe Transformer Oil Revenue Market Share by Country in 2022
    Figure 56. Europe Transformer Oil Sales Market Share by Type (2018-2023)
    Figure 57. Europe Transformer Oil Sales Market Share by Application (2018-2023)
    Figure 58. Germany Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 59. France Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 60. UK Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 61. Italy Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 62. Russia Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Middle East & Africa Transformer Oil Sales Market Share by Country in 2022
    Figure 64. Middle East & Africa Transformer Oil Revenue Market Share by Country in 2022
    Figure 65. Middle East & Africa Transformer Oil Sales Market Share by Type (2018-2023)
    Figure 66. Middle East & Africa Transformer Oil Sales Market Share by Application (2018-2023)
    Figure 67. Egypt Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 68. South Africa Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 69. Israel Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 70. Turkey Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 71. GCC Country Transformer Oil Revenue Growth 2018-2023 ($ Millions)
    Figure 72. Manufacturing Cost Structure Analysis of Transformer Oil in 2022
    Figure 73. Manufacturing Process Analysis of Transformer Oil
    Figure 74. Industry Chain Structure of Transformer Oil
    Figure 75. Channels of Distribution
    Figure 76. Global Transformer Oil Sales Market Forecast by Region (2024-2029)
    Figure 77. Global Transformer Oil Revenue Market Share Forecast by Region (2024-2029)
    Figure 78. Global Transformer Oil Sales Market Share Forecast by Type (2024-2029)
    Figure 79. Global Transformer Oil Revenue Market Share Forecast by Type (2024-2029)
    Figure 80. Global Transformer Oil Sales Market Share Forecast by Application (2024-2029)
    Figure 81. Global Transformer Oil Revenue Market Share Forecast by Application (2024-2029)

Petrochina
Apar Industry
CNOOC
Sinopec
Savita Oil
Jiangsu Gaoke
Raj Petro Specialties
JXTG
Nynas
Jiangsu Shuangjiang
Shell

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape