Research and Markets: Transformer Oil Market: By Types (Mineral Oil - Naphthenic & Paraffinic, Silicone and Bio-based), Applications (Small & Large Transformers, Utility) & Geography - Global Industry Trends & Forecast to 20

Wed Apr 3, 2013 5:33am EDT

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DUBLIN--(Business Wire)--

Research and Markets

( has
announced the addition of the "Transformer Oil Market: By Types (Mineral Oil -
Naphthenic & Paraffinic, Silicone and Bio-based), Applications (Small & Large
Transformers, Utility) & Geography - 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. 

This 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 liters)
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 sulfur 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.). 

Rising Consumption Of Bio-Based Transformer Oils 

Increasing frequency of fire accidents in mineral oil based transformers and its
non-biodegradable nature has led to an increasing consumption of bio-based
transformer oils, which are incombustible and non-toxic in nature. The industry
is observing a high rate in adoption of bio-based transformer oil due to these
aspects; lately its growing preference is also observed globally. 

Bio-based transformer oil is being used in large number of transformers mainly
in the North American region due to its excellent insulating and biodegradable
nature of the oil. Other attributes leading to high acceptability have been
better performance and economic advantage over mineral oil-based transformer
oils. Bio-based oils have high fire point, provides increased service life to
transformer, and very low cost for spill remediation due to high
biodegradability. Bio-based transformer oil is 99% degraded in 21 days. The
consumption of bio-based oils is expected to increase at promising rate in the
future. Hence, use of bio-based oils as insulating and cooling medium is
expected to increase in the next five years.

Key Topics Covered:

1 Introduction 

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(Overview, Financials, Products & Services, Strategy, And

Tables and Figures Included.

Companies Mentioned

- 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 

- Martin Midstream Partners L.P. 

- M&I Materials Ltd 

- 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

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Oil

Copyright Business Wire 2013

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