2024 年至 2031 年变压器油市场按类型、应用、最终用户和地区划分

2024 年至 2031 年变压器油市场评估

快速的都市化、工业化和电力系统发展促使对电力的需求日益增长，尤其是在新兴国家。随着各国政府努力升级老化的电力基础设施并整合再生能源，对变压器以及变压器油的需求预计将在2024 年增长到27.5 亿美元以上，到2031 年将增长到41 亿美元。亿美元。

此外，输电和高压电网向智慧电网的扩展正在推动对改善冷却和绝缘的变压器油的需求。预计 2024 年至 2031 年期间，再生能源整合趋势和政府对电气化专案的投资将以约 5.20% 的复合年增长率成长。

变压器油市场定义/概述

变压器油是一种特殊的绝缘液，用于变压器和其他电气设备的冷却、绝缘和消弧。它们透过散热和在组件之间提供电气绝缘，大大提高了变压器的效率和寿命。变压器油的主要应用包括电力变压器、断路器和电容器，尤其是在能源和公用事业领域。展望未来，由于全球电力需求不断增长、电网发展、可再生能源基础设施支出增加以及向环保和可生物降解油的转变，市场预计将扩大。

日益增长的智慧电网转变会推动变压器油市场的发展吗？

智慧电网日益增长的趋势是变压器油市场的重要驱动力。这种变化是由对更高效、可靠和可持续的电网的需求所驱动，从而增加了对高性能变压器油的需求。智慧电网需要能够处理波动负载并结合再生能源的现代变压器，以及使用高品质的变压器油。根据国际能源总署（IEA）的数据，2023年全球智慧电网投资将达350亿美元，比2022年成长12%。 2024年3月，美国能源部宣布将投资35亿美元用于电网建设项目，包括智慧电网建设。

在印度，电力部製定了国家智慧电网任务，旨在透过智慧电网计画彻底改变该国的电力产业。 2023年9月，政府宣布计画在2025年安装超过2.5亿台智慧电錶。在中国，中国国家电网公司宣布已建成全球最大的智慧电网系统，覆盖28个省区，服务超过11亿人口。

日益增长的环境问题会阻碍变压器油市场的成长吗？

日益严重的环境问题预计将阻碍变压器油市场的成长。尤其是当传统矿物变压器油对环境的影响受到严格审查时。这些从原油中提取的油如果洩漏或处理不当会严重污染土壤和水，因此政府加强了对其使用和处理的监管。作为回应，人们越来越倾向于采用更永续的选择，例如从天然酯中提取的可生物降解油。这种转变虽然创造了创新的潜力，但也为必须从事研发以生产环保产品的生产商带来了更高的价格。

此外，立法较不严格的地区可能会看到环保润滑油的采用速度较慢，从而影响整体市场的成长。儘管存在短期障碍，但能够适应这些限制并提供永续解决方案的组织可能能够在长期内获得显着的市场占有率。

目录

第 1 章 全球变压器油市场简介

市场概况
• 研究范围
• 先决条件

第 2 章执行摘要

第 3 章：经过验证的市场研究方法

• 资料探勘
• 验证
• 主要来源
• 资料来源列表

第四章 全球变压器油市场展望

• 概述
• 市场动态
  • 驱动程式
  • 阻碍因素
  • 机会
• 波特五力模型
• 价值链分析

第 5 章。

• 概述
• 生物基
• 硅油
• 矿物油

6. 全球变压器油市场（依应用）

• 概述
• 配电变压器
• 电力变压器
• 仪器变压器
• 其他变压器

7. 全球变压器油市场（依最终用途划分）

• 概述
• 输配电
• 发电
• 铁路和地铁
• 其他

第 8 章全球变压器油市场（按区域）

• 概述
• 北美洲
  • 美国
  • 加拿大
  • 墨西哥
• 欧洲
  • 德国
  • 英国
  • 法国
  • 其他欧洲国家
  亚太地区
  • 中国
  • 日本
  • 印度
  • 其他亚太地区
• 世界其他地区
  • 拉丁美洲
  • 中东和非洲

第九章全球变压器油市场的竞争格局

• 概述
• 各公司的市场排名
• 主要发展策略

第十章 公司简介

• Nynas AB
• Ergon Inc.
• Petrochina Company Limited
• APAR Industries Limited
• Calumet Specialty Products Partners
• L.P.
• Sinopec Corporation
• Hydrodec Group PLC
• Cargill
• Incorporated

第 11 章附录

• 相关研究

Transformer Oil Market Valuation - 2024-2031

The increasing need for electricity as a result of fast urbanization, industrialization, and power system development, particularly in emerging countries. As governments work to upgrade old electrical infrastructure and integrate renewable energy sources, the need for transformers and, by extension, transformer oil, grows surpassing USD 2.75 Billion in 2024 and reaching USD 4.12 Billion by 2031.

Furthermore, the transition to smart grids and the expansion of high-voltage transmission networks are increasing the demand for specialist transformer oils that improve cooling and insulation. The trend towards renewable energy integration, as well as government investments in electrification projects, is expected to grow at aCAGR of about 5.20% from 2024 to 2031.

Transformer Oil Market: Definition/ Overview

Transformer oil is a specialized insulating fluid that is used to cool, insulate, and suppress arcs in transformers and other electrical equipment. It contributes significantly to transformer efficiency and longevity by dispersing heat and providing electrical insulation between components. Transformer oil's principal applications include power transformers, circuit breakers, and capacitors, particularly in the energy and utility sectors. In terms of future scope, the market is predicted to expand due to rising worldwide electricity demand, power grid development, and increased expenditures in renewable energy infrastructure, as well as a shift toward eco-friendly and biodegradable oils.

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Will the Rising Shift toward Smart Grids Drive the Transformer Oil Market?

The growing trend towards smart grids is a crucial driver for the transformer oil market. This change is driven by the need for more efficient, dependable, and sustainable power distribution networks, which raises the demand for high-performing transformer oils. Smart grids necessitate the use of modern transformers capable of handling fluctuating loads and incorporating renewable energy sources, as well as high-quality transformer oils. According to the International Energy Agency (IEA), global investment in smart grids will reach USD 35 Billion in 2023, up 12% from 2022. In March 2024, The US Department of Energy announced a USD 3.5 Billion investment in grid upgrading projects, including smart grid initiatives.

In India, the Ministry of Power developed the National Smart Grid Mission, which aims to revolutionize the country's power industry through smart grid initiatives. In September 2023 the government announced plans to install more than 250 million smart meters by 2025. China, with the State Grid Corporation of China announcing that it had built the world's largest smart grid system, which covered 28 provinces and served over 1.1 billion people.

Will Rising Environmental Concerns Hinder the Growth of the Transformer Oil Market?

Rising environmental concerns are projected to pose a hindrance to the transformer oil market's growth, particularly as the environmental impact of traditional mineral-based transformer oils is scrutinized. These oils, which are generated from crude oil, can cause considerable soil and water contamination if spilled or incorrectly disposed of, prompting stronger government rules on their use and disposal. In response, there is a rising preference for more sustainable options, such as biodegradable oils derived from natural esters. While this transition creates potential for innovation, it also raises prices for producers who must engage in R&D to generate environmentally friendly products.

Furthermore, adoption of environmentally friendly lubricants may be slower in areas with less rigorous laws, impacting total market growth. Despite the short-term obstacles, organizations that can adapt to these restrictions and provide sustainable solutions may grab a considerable market share in the long run.

Category-Wise Acumens

Will Rising Demand for Mineral Oil Drive the Transformer Oil Market?

The rising demand for mineral oil is driving the transformer oil market, as mineral oil is still the most extensively used insulating and cooling fluid for transformers, owing to its low cost and long-standing reliability. Its widespread application in power transformers, distribution transformers, and other electrical equipment is critical to ensuring electrical efficiency. Despite growing environmental concerns, mineral oil's ubiquitous infrastructure and lower cost continue to drive demand, particularly in regions with developing power grids. For instance, in March 2024, Shell announced an expansion in its production of mineral-based transformer oils to fulfill increased worldwide demand, notably from emerging regions in Asia and Africa with fast expanding power infrastructure.

However, environmental groups and governments are putting increasing pressure on businesses to adopt more sustainable practices. In February 2024, the European Union suggested stronger restrictions for the use of conventional mineral oils, with an emphasis on decreasing environmental concerns such as soil pollution from oil spills. This has pushed companies such as Nynas to expand their research into biodegradable and environmentally friendly oils as part of their product line.

However, bio-based oils are the fastest-growing segment, driven by increased environmental concerns and severe laws that need eco-friendly alternatives. Bio-based oils provide biodegradable, non-toxic solutions that reduce environmental concerns, making them increasingly attractive in both developed and developing countries, particularly in programs promoting sustainability and green energy integration.

Will Rising Sales of Distribution Transformers Drive the Transformer Oil Market?

Rising distribution transformer sales are considerably boosting the transformer oil market, owing to increased demand for power in both urban and rural areas. As countries invest in developing their electrical infrastructure to satisfy their populations' growing energy demands, the use of distribution transformers becomes increasingly important. These transformers serve an important role in scaling down high voltage electricity for local distribution, making them necessary for residential and commercial power supplies.

For instance, in January 2024, Siemens Energy announced plans to enhance distribution transformer production capacity in response to rising demand in emerging areas, particularly Asia and Africa, where electrification initiatives are growing. This growth in distribution transformer sales is directly proportional to the increased demand for transformer oil, as these devices require significant volumes for cooling and insulating.

However, distribution transformers are the fastest-growing market, driven by increased urbanization, rural electrification programs, and the expansion of electricity infrastructure in developing countries. As worldwide power demand rises, particularly in residential and commercial sectors, the demand for distribution transformers and, by extension, transformer oil, increases significantly.

Country/Region-wise Acumens

Will Rising Investments in Modernization in Grids in North America Drive the Transformer Oil Market?

The growing trend towards smart grids is a crucial driver for the transformer oil market. This change is driven by the need for more efficient, dependable, and sustainable power distribution networks, which raises the demand for high-performing transformer oils. Smart grids necessitate the use of modern transformers capable of handling fluctuating loads and incorporating renewable energy sources, as well as high-quality transformer oils. According to the International Energy Agency (IEA), global investment in smart grids will reach USD 35 Billion in 2023, up 12% from 2022. In March 2024, The US Department of Energy announced a USD 3.5 Billion investment in grid upgrading projects, including smart grid initiatives. The push for smart grid adoption is causing an increase in demand for transformer oils.

For instance, in April 2023, ExxonMobil said that it would expand its transformer oil production facility in Port Allen, Louisiana, by 25% to satisfy rising demand. Furthermore, In July 2023, the American Society for Testing and Materials (ASTM) modified its transformer oil standards introducing new parameters to meet the changing needs of current grid systems. These developments highlight the direct relationship between grid modernization investments and the growth of the transformer oil business in North America.

Will Rapid Urbanization in Asia-Pacific Propel the Transformer Oil Market?

Rapid urbanization in Asia-Pacific drives the transformer oil market due to increased demand for dependable electrical infrastructure. As cities and populations develop, power generation, distribution, and transmission become increasingly important. Transformer oils, which are required for the proper operation of transformers, are critical in reducing dangers such as overheating and electrical arcing. The increase in urban construction projects, such as residential, commercial, and industrial developments, directly drives transformer installations.

In August 2023, the Indian government announced the "National Electricity Policy," which aims to enhance the country's transmission and distribution networks, which are critical for metropolitan regions. This project calls for further renewable energy integration, as well as the use of high-quality transformer oils to ensure efficiency and longevity.

Competitive Landscape

The competitive landscape of the transformer oil market is characterized by intense competition driven by increasing demand for energy infrastructure, industrialization, and the expansion of power grids worldwide. Companies are focusing on innovation, offering environmentally friendly alternatives like biodegradable and high-performance oils. There is also a trend toward strategic partnerships and mergers to expand product portfolios and geographical reach. Additionally, firms are investing in research and development to enhance oil performance for transformers, ensuring greater efficiency and longer service life, while navigating regulatory pressures around environmental sustainability and safety standards.

Some of the prominent players operating in the transformer oil market include:

Sinopec Lubricant Company

Valvoline

Cargill, Inc.

Ergon International, Inc.

PetroChina Lubricant Company

Apar Industries Ltd.

Engen Petroleum Ltd.

Hydrodec Group plc

Calumet Specialty Products

Nynas AB

Savita Oil Technologies

Chevron Corporation

Gandhar Oil

Sasol

Hydrax Oil

Exxon Mobil Corporation

Royal Dutch Shell

Latest Developments

In May 2023, Chevron introduced better transformer oil products with higher viscosity and reduced environmental effects. The company's dedication to sustainability is consistent with worldwide trends toward lowering carbon emissions, allowing it to compete in areas dominated by green technologies.

In April 2023, ExxonMobil increased its transformer oil product portfolio by providing biodegradable choices in response to rising demand for environmentally friendly solutions in the energy sector. This project complements the company's strategy of innovating in response to regulatory challenges and customer desires for environmentally friendly products.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL TRANSFORMER OIL MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL TRANSFORMER OIL MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL TRANSFORMER OIL MARKET, BY TYPE

• 5.1 Overview
• 5.2 Bio Based
• 5.3 Silicone Oil
• 5.4 Mineral Oil

6 GLOBAL TRANSFORMER OIL MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Distribution Transformers
• 6.3 Power Transformers
• 6.4 Instrument Transformers
• 6.5 Other Transformers

7 GLOBAL TRANSFORMER OIL MARKET, BY END USE

• 7.1 Overview
• 7.2 Transmission & Distribution
• 7.3 Power Generation
• 7.4 Railways & Metros
• 7.5 Others

8 GLOBAL TRANSFORMER OIL MARKET, BY GEOGRAPHY

• 8.1 Overview
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 U.K.
  • 8.3.3 France
  • 8.3.4 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.5 Rest of the World
  • 8.5.1 Latin America
  • 8.5.2 Middle East And Africa

9 GLOBAL TRANSFORMER OIL MARKET COMPETITIVE LANDSCAPE

• 9.1 Overview
• 9.2 Company Market Ranking
• 9.3 Key Development Strategies

10 COMPANY PROFILES

• 10.1 Nynas AB
  • 10.1.1 Overview
  • 10.1.2 Financial Performance
  • 10.1.3 Product Outlook
  • 10.1.4 Key Developments
• 10.2 Ergon Inc.
  • 10.2.1 Overview
  • 10.2.2 Financial Performance
  • 10.2.3 Product Outlook
  • 10.2.4 Key Developments
• 10.3 Petrochina Company Limited
  • 10.3.1 Overview
  • 10.3.2 Financial Performance
  • 10.3.3 Product Outlook
  • 10.3.4 Key Developments
• 10.4 APAR Industries Limited
  • 10.4.1 Overview
  • 10.4.2 Financial Performance
  • 10.4.3 Product Outlook
  • 10.4.4 Key Developments
• 10.5 Calumet Specialty Products Partners
  • 10.5.1 Overview
  • 10.5.2 Financial Performance
  • 10.5.3 Product Outlook
  • 10.5.4 Key Developments
• 10.6 L.P.
  • 10.6.1 Overview
  • 10.6.2 Financial Performance
  • 10.6.3 Product Outlook
  • 10.6.4 Key Developments
• 10.7 Sinopec Corporation
  • 10.7.1 Overview
  • 10.7.2 Financial Performance
  • 10.7.3 Product Outlook
  • 10.7.4 Key Developments
• 10.8 Hydrodec Group PLC
  • 10.8.1 Overview
  • 10.8.2 Financial Performance
  • 10.8.3 Product Outlook
  • 10.8.4 Key Developments
• 10.9 Cargill
  • 10.9.1 Overview
  • 10.9.2 Financial Performance
  • 10.9.3 Product Outlook
  • 10.9.4 Key Developments
• 10.10 Incorporated
  • 10.10.1 Overview
  • 10.10.2 Financial Performance
  • 10.10.3 Product Outlook
  • 10.10.4 Key Developments

11 Appendix

• 11.1 Related Research