NEW YORK, June 30, 2015 /PRNewswire/ -- About transformer oil
Transformer oil is manufactured by fractional distillation and the subsequent processing of crude oil. It acts as a dielectric medium in oil-filled transformers (both power and distribution transformers) to cool and insulate transformer windings and core. The oil insulates and cools the core and windings of a transformer. The insulations on the windings are made from cellulose material, which have a strong affinity toward oxygen. The windings are immersed completely into the oil, which prevents them from oxidation. There are mainly three types of transformer oils: mineral-based, silicone-based, and bio-based. Of these, mineral-based transformer oil is preferred due to its good electrical and cooling properties and cost-effectiveness.
Technavio's analysts forecast the global transformer oil market to grow at a CAGR of 9.19% over the period 2015-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global transformer oil market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of transformer oil.
Technavio's report, the Global Transformer Oil Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key vendors
- Calumet Specialty Products Partners
- Ergon
- Nynas
- PetroChina
- Sinopec Corp.
Other prominent vendors
- Apar Industries
- Cargill
- Dow Corning
- Engen
- Hydrodec
- San Joaquin Refining
Market driver
- Demand for electric power from developing countries
- For a full, detailed list, view our report
Market challenge
- Adoption of dry-type transformers
- For a full, detailed list, view our report
Market trend
- Inclination toward bio-based transformer oil
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Read the full report: http://www.reportlinker.com/p02080605-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article