|By PR Newswire||
|January 15, 2014 03:00 PM EST||
DUBLIN, January 15, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lz5wzk/transformer_oil) have announced the addition of the "2013 Report on the Transformer Oil Market - Global Industry Trends & Forecast to 2017" report to their offering.
Transformer oil is a dielectric fluid mainly used in oil filled electrical transformers as an insulating and cooling medium. It is usually obtained by fractional distillation and subsequent processing of crude oil. The primary purpose of transformer oil is to insulate and cool the transformer windings and core. These also preserve the core and winding as these are fully immersed in the oil and prevent contact of oxygen with the cellulose paper insulation of windings, which has high affinity towards oxidation. Three basic types of transformer oil used are mineral oil (mostly naphthenic), silicone, and bio-based. Mineral oil based transformer oils dominate the consumption as it has good electrical and cooling properties, and provides cost-effective solution.
The report segments the market based on geography (Asia-Pacific, North America, Europe, ROW); types (mineral oil-naphthenic and paraffinic, silicone, and bio-based); and applications (small transformers, large transformers, and utility), and provides market forecast in terms of consumption (thousand litres) and revenue ($million) for aforesaid segments.
The global transformer oil market revenue is estimated to reach $2.46 billion by 2017. Major factors responsible for market growth include increasing power requirements in developing regions, rising investments, enlargement of electricity grids in developed regions and rising transition towards renewable energy resources. The key concerns in the industry pertain to the corrosive nature of sulphur present in transformer oil and flammable nature of mineral oil based transformer oils. Transformer manufacturers have started using bio-based oil which has higher dielectric strength and flash point, and lower pour point.
The report classifies and defines the consumption of transformer oils in the electrical equipment industry. It covers qualitative data about transformer oil properties and its functions. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the market. Key players of the industry are profiled in detail with their recent developments and other strategic initiatives. Some of these include Nynas (Sweden), Ergon (U.S.), PetroChina (China), Calumet (U.S.), and San Joaquin Refining (U.S.).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Technical Overview
6 Transformer Oil Market, By Geography
7 Transformer Oil Market, By Types
8 Global Transformer Oil Market, By Applications
9 Competitive Landscape
10 Company Profiles
- Apar Industries Ltd
- Calumet Specialty Products Partners L.P.
- Cargill Incorporated
- Dow Corning Corporation
- Electrical Oil Services Ltd
- Engen Petroleum Ltd
- Ergon Inc.
- Exxonmobil Corporation
- Gulf Oil Middle East Limited
- Hydrodec Group Plc
- M&I Materials Ltd
- Martin Midstream Partners L.P.
- Nynas Ab
- Petro-Canada Lubricants Inc.
- Petrochina Lubricating Oil Company
- Phillips 66
- Royal Dutch Shell Plc
- San Joaquin Refining Co.
- Sinopec Corp.
For more information visit http://www.researchandmarkets.com/research/lz5wzk/transformer_oil
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets