DUBLIN, Sept. 28, 2015 /PRNewswire/ —
Research and Markets (http://www.researchandmarkets.com/research/zmwkcm/transformer_oil) has announced the addition of the “Transformer Oil Market by Type (Mineral- Naphthenic and Paraffinic), by Application (Small transformers, Large Transformers, Utility & Others), & Region (Asia-Pacific, North America, Europe, ROW) – Global Trends & Forecasts to 2020” report to their offering.
These drivers are expected to push the transformer oil market size from USD 1.98 Billion in 2015 to USD 2.79 Billion by 2020 with a CAGR of 7.14% from 2015 to 2020.
Global transformer oil market growth is driven by the increasing electric demand in developing economies such as India, Brazil, and South Africa, which are expected to enhance their grid infrastructure to increase the electricity accessibility to the region’s population. In addition, rapidly increasing demands from various application industries and regions are generating several exciting markets opportunities for transformer oil.
Technological upgrade of the old grid infrastructure, new smart grid installations and replacement of ageing transformers mainly in North America and Europe are the major drivers behind the growth of transformer oil market.
The report caters to transformer oil manufacturers, dealers, and suppliers, material providers, consulting companies in the energy and power sector, government and research organizations, government utility providers, private utility providers, private customers, network operators, smart grid players, venture capital firms, and investment banks. Transformer oil has witnessed growth in developing economies such as Asia-Pacific, South America and Africa, which are improving and enhancing their grid infrastructure to increase their electrification rate.
The leading players of the market such as Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina (China), Calumet Specialty Products Partners (U.S.), and San Joaquin Refining Co. Inc. (U.S.) among others have been profiled in this report.
For more information visit http://www.researchandmarkets.com/research/zmwkcm/transformer_oil
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
SOURCE Research and Markets