Transformer Oil Market to Grow $3.3 Billion by 2030 | Nynas AB, Ergon, Inc., PetroChina Company Limited, APAR Industries, and Sinopec Lubricant Company.
According to the new market research report
“Transformer Oil Market by Oil Type (Mineral (Naphthenic,
Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear,
Reactor), End User (Transmission & Distribution, Power Generation, Railways
& Metros), and Region – Global Forecast to 2030 “, published by MarketsandMarkets™, the global Transformer
Oil Market size...
At CAGR of 6.9%, Transformer Oil Market to Generate $3.0 Billion by 2025
The global transformer
oil market is projected to reach USD 3.0 billion by 2025 from an estimated
market size of USD 2.2 billion in 2020, at a CAGR of 6.9% during the forecast
period. The factors driving the growth for transformer oil are the upgradation
of electric grids in developing countries along with the expansion of electric
grids due to growing industrialization and urbanization.
The
transformer...