'Transformer oil types' presentation slideshows

Transformer Oil Market worth $2.79 Billion by 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. 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. 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.

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