Global Turbine Oil Market 2017-2021




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About Turbine Oil

Turbine oil lubricants are used in the power generation, manufacturing, and mobility industries to address the specific needs of turbine machineries. These lubricants are formulated and are specifically made for power generation turbines. Steam, gas, and hydropower power generation turbines use lubricant oils known as R&O (rust and oxidation inhibited oils). Turbine equipment characteristics such as operating cycles, geometry, operating temperatures, maintenance practices, and the potential for system contamination present specific lubricating oil demands. Turbine oils are formulated in such a way that they shed water and allow solid waste particles to settle so that they can be removed later. Most turbine oils are formulated with high levels of detergents or dispersants that can clean and carry away all the contaminants. As turbine oils are not exposed to any soot or fuel, they do not have to be replaced and drained at frequent levels.

Technavios analysts forecast the global turbine oil market to grow at a CAGR of 3.498% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global turbine oil market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of turbine oil.

The market is divided into the following segments based on geography:

Technavio's report, Global Turbine Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Royal Dutch Shell

Other prominent vendors
Bharat Petroleum
Eastern Petroleum
Gazpromneft - Lubricants
Indian Oil Corporation
LUKOIL Lubricants

Market driver
Rising awareness toward reduction of carbon emissions
For a full, detailed list, view our report

Market challenge
Political uncertainty over UKs exit from EU
For a full, detailed list, view our report

Market trend
Positive effect of low crude oil prices
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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