Future Market Insights
Uninhibited transformer oil is highly refined, clean, and efficient performing transformer oil, which provide low temperature performance and high dielectric strength. Uninhibited transformer oil possess good oxidation stability and is produced by distillation of virgin paraffinic and naphthenic crude oils. Uninhibited transformer oil is used in transformers, condensers, inductors, switchgear, circuit breaker,transducers and in other equipment as an insulating oil. Uninhibited transformer oil insulates current carrying parts from each other and also from the ground. It also transmit heat away and avoids glow discharges.
There are many advantages of uninhibited transformer oil which drives its market, such as high dielectric strength with low power loss increasing its use in transformer and insulators. High purity, high flash point and good cooling capacity. Uninhibited transformer oil provides more protection for electrical equipment as it contain no additives.The market for uninhibited transformer oil is growing, and one of the key factors behind its growth is the increase in the deployment of power equipment, in developing as well as developed countries, which is expected to give rise to their overall market growth over the forecast period of 2017–2027.
Uninhibited transformer oil Market: Market Dynamics
The world is going digital; in order to support the growth of automation and computerization in industries, residential and commercial spaces, electricity is required, which in turn, creates the demand for power infrastructure. Power equipment, being an integral part of power infrastructure, are also witnessing a proportionate growth, which subsequently, is expected to create the demand for uninhibited transformer oil across the globe.
Other than this, uninhibited transformer oil extends transformer life, which gives it a vantage point for its increasing use among end-consumers. It has low pour point and low viscosity, provides good fluidity at low temperature. Due to its low dissipation power and high dielectric point, it maintains working efficiency of the transformer. Since uninhibited transformer oil is highly refined and clean, it resists sludge deposit and provides long service life.
The uninhibited transformer oil market is dependent on the crude oil market. High fluctuations in the price of raw material may restrain the market growth; also, increase in the adoption of dry transformers may provide challenges to the market growth of uninhibited transformer oil.
Increase in power generation through greenhouse technology, wind energy, tidal energy and other renewable energy sources is emerging as a global trend. The growing use of power generation equipment for energy generation through these technologies is also increasing the market growth of uninhibited transformer oil, which is further expected to fuel its market growth.
Uninhibited Transformer Oil Market: Product Segmentation
One of the many ways by which the global uninhibited transformer oil market can be segmented is on the basis of application. On the basis of application, the market is segmented as the following:
Oil filled capacitors
Oil immersed switchgear
Electric reclosers, and others
Uninhibited Transformer Oil Market: Regional outlook
Increase in the market for power supply equipment in various countries is impacting the market growth of uninhibited transformer oil. In the Asia Pacific region, developing countries such as China and India are investing more on power generation to fulfill the regional power demand. This, in turn, is expected to create opportunities for growth of the uninhibited transformer oil market in Asia Pacific region in the forecast period.
In the modern world, electricity is a basic need of every civilization and economic growth of a nation directly depends on the electricity. To meet the growing demand for electricity, countries across the Middle East and Africa regions are also investing more on power generation, which in turn, is expected to create high demand for uninhibited transformer oil in these regions.
Uninhibited Transformer Oil Market: Market participants
Some of the market participants operating across the value chain of uninhibited transformer oil include: Gold Oil Corporation, Crystal lubricants, Nynas AB, Gulf Oil Corporation, Taurus Petroleum, Engen Petroleum Ltd., Lubrita Europe B.V., Paras lubricants, Vega Lubricants Pvt. Ltd., Pro Oil SA, Savita Oil Technologies Limited, Apar Industries Ltd., Phillips 66 Lubricants, Vintrol Lubes Private Limited, Resolute oil, LLC., U.S. Lubricants, Eastern Petroleum Pvt. Ltd., Ergon International, Inc., Powerlink Oil Refinery Ltd., Panama Petrochem Ltd., etc.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.