Market Overview:
The global dielectric fluid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for capacitors, transformers, and high-voltage switchgear across the globe. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The hydrocarbons segment is expected to dominate the global dielectric fluid market during the forecast period. This segment accounted for a majority share of the global dielectric fluid market in 2017 and is projected to grow at a CAGR of 5.8% from 2018 to 2030.
Product Definition:
A dielectric fluid is a substance that does not conduct electricity, making it an ideal insulator for electrical equipment. Dielectric fluids are used in transformers, capacitors and other electrical equipment to prevent the flow of electric current between two metal plates. Without a dielectric fluid, the metal plates would quickly corrode or short-circuit.
Hydrocarbons:
Hydrocarbons are organic compounds containing only carbon and hydrogen. They are produced when fossil fuels are burned. The most common hydrocarbon is methane (CH4). It is often found in natural gas or other forms that can be used to produce energy. Other types of hydrocarbons include ethane, propane, butanes, pentanes and hexanes among others which depend on the sources of raw material used for production.
Fluorocarbons:
Fluorocarbons are organic compounds that contain only carbon and fluorine. Fluorocarbon is often represented by the symbol “CIF”.
• Perfluorooctanoic acid (PFOA) - Also known as perfluorohexyloic acid, PFOA is a colorless liquid with a strong odor.
Application Insights:
Capacitors emerged as the leading application segment and accounted for over 40% of the overall revenue share in 2017. Dielectric fluids are used in capacitors to provide low dielectric loss, high dielectric strength and excellent thermal stability. The growing demand for electric vehicles is expected to have a positive impact on the growth of this segment over the forecast period.
Transformers was another prominent application segment accounting for around 30% of total market volume in 2017 owing to its rising use across various end-use industries such as oil & gas, power generation, industrial manufacturing among others. Transformer core is an iron or steel coil that provides magnetic insulation against electrical currents flowing through it from secondary coil wound around it which enables transformers to operate at very high frequencies without getting heated up or damaged thereby enhancing product life cycle. Dielectric fluids play a significant role by providing excellent thermal stability required by transformer cores thus contributing towards overall market growth over the projected period.
Regional Analysis:
Asia Pacific dominated the global dielectric fluid market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries, such as electronics, automotive & transportation, power distribution & control devices. In addition, rising investments by governments for expanding electricity networks are also expected to drive product demand in this region.
The Asia Pacific is anticipated to witness significant growth on account of rapid industrialization and urbanization across countries like China and India that has led towards an increase in energy consumption patterns. Furthermore, growing awareness regarding energy conservation will further boost industry expansion over the next eight years.
Europe was estimated as being worth USD X billion in 2016 owing to high transformer production volumes coupled with steady sales from other major application segments including capacitors and others (high voltage switchgears).
Growth Factors:
- Increasing demand for dielectric fluids in the transformer industry as a result of growing electricity consumption across the globe.
- Rising demand for dielectric fluids in the capacitor industry due to increasing number of electronic devices and appliances being used globally.
- Growing popularity of electric vehicles which require high-quality dielectric fluids for their efficient functioning.
- Proliferation of data centers and telecommunications infrastructure that need reliable and high-performing dielectric fluids for their operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Dielectric Fluid Market Research Report
By Type
Hydrocarbons, Fluorocarbons
By Application
Capacitors, Transformers, High-voltage Switchgear, Others
By Companies
M Company, DuPont, Cargill, Incorporated, PROLEC GE, M&I Materials Ltd., NYCO, Repsol S.A., Shrieve Chemical Company, Soltex Inc. D., Shell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Dielectric Fluid Market Report Segments:
The global Dielectric Fluid market is segmented on the basis of:
Types
Hydrocarbons, Fluorocarbons
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Capacitors, Transformers, High-voltage Switchgear, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M Company
- DuPont
- Cargill, Incorporated
- PROLEC GE
- M&I Materials Ltd.
- NYCO
- Repsol S.A.
- Shrieve Chemical Company
- Soltex Inc. D.
- Shell
Highlights of The Dielectric Fluid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydrocarbons
- Fluorocarbons
- By Application:
- Capacitors
- Transformers
- High-voltage Switchgear
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dielectric Fluid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dielectric fluid is a type of oil or gas that has a low dielectric constant. This means it has a high capacity to store energy, which makes it useful in electric vehicles and other applications where power storage is important.
Some of the key players operating in the dielectric fluid market are M Company, DuPont, Cargill, Incorporated, PROLEC GE, M&I Materials Ltd., NYCO, Repsol S.A., Shrieve Chemical Company, Soltex Inc. D., Shell.
The dielectric fluid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dielectric Fluid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dielectric Fluid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dielectric Fluid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dielectric Fluid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dielectric Fluid Market Size & Forecast, 2020-2028
4.5.1 Dielectric Fluid Market Size and Y-o-Y Growth
4.5.2 Dielectric Fluid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hydrocarbons
5.2.2 Fluorocarbons
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Capacitors
6.2.2 Transformers
6.2.3 High-voltage Switchgear
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dielectric Fluid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dielectric Fluid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hydrocarbons
9.6.2 Fluorocarbons
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Capacitors
9.10.2 Transformers
9.10.3 High-voltage Switchgear
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hydrocarbons
10.6.2 Fluorocarbons
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Capacitors
10.10.2 Transformers
10.10.3 High-voltage Switchgear
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hydrocarbons
11.6.2 Fluorocarbons
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Capacitors
11.10.2 Transformers
11.10.3 High-voltage Switchgear
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hydrocarbons
12.6.2 Fluorocarbons
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Capacitors
12.10.2 Transformers
12.10.3 High-voltage Switchgear
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hydrocarbons
13.6.2 Fluorocarbons
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Capacitors
13.10.2 Transformers
13.10.3 High-voltage Switchgear
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dielectric Fluid Market: Competitive Dashboard
14.2 Global Dielectric Fluid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M Company
14.3.2 DuPont
14.3.3 Cargill, Incorporated
14.3.4 PROLEC GE
14.3.5 M&I Materials Ltd.
14.3.6 NYCO
14.3.7 Repsol S.A.
14.3.8 Shrieve Chemical Company
14.3.9 Soltex Inc. D.
14.3.10 Shell
