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Transformer Oil market: USD 2.79 Billion market 2020 with a projected CAGR of 7.1% from 2015 to 2020.<br><br>Increasing demand for the dry type transformers and the corrosive effect of sulfur present in transformer oil are major restraints for the transformer oil market. To counter the economic slump in European countries, transformer oil manufacturers are trying to expand their geographic presence and market penetration in other regions through the launch of new and advanced products and technologies.<br><br>The transformer oil market has exhibited steady growth over the last few years because of its increasing application in small transformers, large transformers, and utilities in emerging economies such as China and India. National utility companies across the world continue to invest in their power grids in order to meet the increasing demand of end-users giving scope for transformer oil market.
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Transformer Oil market: USD 2.79 Billion market 2020 with a projected CAGR of 7.1% from 2015 to 2020. Increasing demand for the dry type transformers and the corrosive effect of sulfur present in transformer oil are major restraints for the transformer oil market. To counter the economic slump in European countries, transformer oil manufacturers are trying to expand their geographic presence and market penetration in other regions through the launch of new and advanced products and technologies.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. 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. Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=967 The report provides insights about the major players of the market and the growth strategies adopted by them. 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. The transformer oil market has exhibited steady growth over the last few years because of its increasing application in small transformers, large transformers, and utilities in emerging economies such as China and India. National utility companies across the world continue to invest in their power grids in order to meet the increasing demand of end-users giving scope for transformer oil market. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=967 Small transformer is the largest application segment of the transformer oil market. With national governments ramping up power generation capabilities, the demand for transformer oil is expected to increase. The increasing demand from OEMs, coupled with expansion of electric grids in BRICS nations is expected to drive the global transformer oil market. Mineral-based transformer oil is the most widely used transformer oil having occupied the largest market share in 2014. However, the demand of bio-based transformer oil is expected to increase in the near future due to environmental benefits and superior operational advantages. Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=967 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Email: sales@marketsandmarkets.com
