Asia Pacific Transformer Oil Market Size & Outlook
Asia Pacific transformer oil market, 2018-2030 (US$M)
Related Markets
Asia Pacific transformer oil market highlights
- The Asia Pacific transformer oil market generated a revenue of USD 1,262.1 million in 2022.
- The market is expected to grow at a CAGR of 14.8% from 2023 to 2030.
- In terms of segment, mineral oil was the largest revenue generating product in 2022.
- Bio Based oil is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,262.1 million |
| Market revenue in 2030 | USD 3,818.0 million |
| Growth rate | 14.8% (CAGR from 2023 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 |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, Cargill, Shell PLC, Engie SA, Nynas, Ergon |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 60.0% of the global transformer oil market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,818.0 million by 2030.
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Transformer Oil Market Scope
Transformer Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 76.51% in 2022. Horizon Databook has segmented the Asia Pacific transformer oil market based on mineral oil, silicon oil, bio based oil covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Transformer Oil Product Outlook (Revenue, USD Million, 2018-2030)
- Mineral Oil
- Nepthanic Oil
- Paraffinic Oil
- Silicon Oil
- Bio Based oil
- Mineral Oil
- Asia Pacific Transformer Oil End Use Outlook (Revenue, USD Million, 2018-2030)
- Small Scale Transformers
- Large Scale Transformers
- Utilites
- Others
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Target buyers of Asia Pacific transformer oil market databook
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Our clientele includes a mix of transformer oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific transformer oil market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific transformer oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific transformer oil market size, by country, 2018-2030 (US$M)
Asia Pacific Transformer Oil Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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