'Transformer oil market size' presentation slideshows

Transformer Oil market: USD 2.79 Billion market 2020 with a projected CAGR of 7.1% from 2015 to 2020.

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 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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