Global Transformer Oil Market Size & Outlook, 2022-2030
Global transformer oil market, 2018-2030 (US$M)
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Global transformer oil market highlights
- The global transformer oil market generated a revenue of USD 2,103.2 million in 2022 and is expected to reach USD 5,388.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 12.5% by 2030.
- In terms of segment, mineral oil accounted for a revenue of USD 1,565.6 million in 2022.
- Bio Based oil is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,103.2 million |
| Market revenue in 2030 | USD 5,388.8 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Mineral oil |
| Fastest growing segment | Bio Based oil |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Oil, Silicon Oil, Bio Based oil |
Other key industry trends
- In terms of revenue, the North America accounted for 12.8% of the global transformer oil market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 227.3 million by 2030.
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Transformer Oil Market Scope
Transformer Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global transformer oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to transformer oil market will help companies and investors design strategic landscapes.
Mineral oil was the largest segment with a revenue share of 74.44% in 2022. Horizon Databook has segmented the Global transformer oil market based on mineral oil, silicon oil, bio based oil covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Transformer Oil Product Outlook (Revenue, USD Million, 2018-2030)
- Mineral Oil
- Nepthanic Oil
- Paraffinic Oil
- Silicon Oil
- Bio Based oil
- Mineral Oil
- Global Transformer Oil End Use Outlook (Revenue, USD Million, 2018-2030)
- Small Scale Transformers
- Large Scale Transformers
- Utilites
- Others
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Our clientele includes a mix of transformer oil market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global transformer oil market , including forecasts for subscribers. This global databook contains high-level insights into Global transformer oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global transformer oil market size, by regions, 2018-2030 (US$M)
Top 10 countries: Transformer oil market size, 2022 (US$M)
Global transformer oil market share, by product, 2022 & 2030 (%, US$M)
Transformer oil market: Opportunity assessment by country
Global transformer oil market, by region, 2022 (US$M)
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