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Transformer Oil Market – Global Opportunities & Forecast, 2020-2027

The significant factors driving the growth of the transformer oil market include the upgradation of electric grids in developing countries due to the rising industrialization and urbanization. <br><br>Visit:u00a0https://www.gmiresearch.com/report/transformer-oil-market/

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Transformer Oil Market – Global Opportunities & Forecast, 2020-2027

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  1. Report Title Transformer Oil Market – Global Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

  2. The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers. The Transformer Oil Market drivers and trends are as follows: The significant factors driving the growth of the transformer oil market include the upgradation of electric grids in developing countries due to the rising industrialization and urbanization. Growing demand for modernization of aging grid infrastructure, coupled with wide-scale capacity addition, will further propel the market growth. For instance, in 2016, the U.S. DOE financed USD 220 million under the Grid Modernization Initiative. Rapid urbanization, coupled with rising expenditure across the infrastructure sector in developed economies, will further propel the transformer oil market growth. The other major factors bolstering the market growth include rising power consumption and growing investment in the power sector. The strong demand for high-tech electronic devices, the rising population, and high disposable income have boosted energy demand in developed regions. Additionally, the emerging trends towards renewable energy sources is another factor that is bolstering the market growth in the upcoming years. On the other edge of the spectrum, the fluctuation in raw material cost and the increasing demand for dry transformers will hamper the market growth in the upcoming years. Based on the region, the Asia-Pacific segment is projected to grow at a higher CAGR during the forecast period owing to increasing demand for power in developing countries, such as India and China, and developed countries, such as Japan and China. Growing power needs, along with the upgradation of the aging electrical infrastructure, will lead to an increase in the number of substations. Key Benefits of the Report: •This report offers an analytical depiction of the transformer oil market while providing the current trends and future estimations to determine the imminent investment pockets. 2

  3. •This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the transformer oil market share. •The report also provides a detailed transformer oil market analysis based on competitive intensity and how the competition will take shape over the next six years. Various companies covered in the Transformer Oil Market report: •Ergon International •Nynas AB •PetroChina Company Limited •Apar Industries Ltd. •Calumet Specialty Products Partners, L.P •China Petroleum & Chemical Corporation •Hydrodec Group plc •Cargill, Incorporated •ENGEN PETROLEUM LTD •Exxon Mobil Corporation Segmentation of the Transformer Oil Market: Breakup by Oil Type: •Mineral oil o Naphthenic oil o Paraffinic oil •Silicone •Bio-based oil Breakup by Application: •Transformer •Reactor •Switchgear Breakup by End-User: •Transmission and Distribution •Power Generation •Railways & Metros •Others 3

  4. Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising 4

  5. Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve. Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com Phone: +353 1 442 8820 Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/ 5

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