Market Overview:
The global electric insulating oil 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 electric insulating oil from various applications, such as transformers, capacitors, ballasts, and others. In addition, the growing demand for bio-based and silicone-based electric insulating oils is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing electric insulating oils may restrain the growth of this market during the forecast period. Based on type, mineral oil-based electric insulating oils are expected to dominate the global market during the forecast period. This can be attributed to their low cost and high performance as compared with other types of electric insulating oils available in the market.
Product Definition:
An oil used to electrically insulate equipment and machinery. Electric insulating oil is important because it helps to prevent electric shock, short circuits, and fires.
Mineral Oil-Based:
Mineral oil-based is a type of Electric Insulating Oil (EIO) which is made up of mineral oils and paraffins. It has low molecular weight, high viscosity, and very small particle size. Mineral oil-based EIOs are used in various applications including electric insulation for transformers & motors as well as heat transfer fluids for electrical appliances such as toasters, hair dryers etc.
Silicone-Based:
Silicone-based is the majorly used additive in electric insulating oils. It helps in improving thermal conductivity and heat resistance of the product. The most commonly used types are polyether ether ketone (PEEK) and polyphenylene sulfide (PPS). Silicone-based additives also help to improve wear resistance, corrosion control, anti-foaming characteristics among others.
Application Insights:
The transformer application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. Transformer oils are used in transformers that operate at high temperatures as they offer insulation against electrical discharge. The product reduces electricity consumption by reducing energy loss due to heat dissipation from a transformer core.
Capacitor application segment is expected to grow at a CAGR of XX% from 2017 to 2030 owing to its rising demand for dielectric materials in electronic devices, such as capacitors and batteries, which use electric insulation oil as an insulating medium between them and environment¢â‚¬â„¢s metal surfaces. Capacitor oils provide excellent thermal resistance properties along with low moisture absorption, low volatility, high flash point & density and good aging stability making it suitable for long-term storage or transportation of these commodities on a large scale across various regions including North America, Europe & Asia Pacific etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to large-scale investments in developing countries such as China, India, Thailand, and Indonesia. Growing demand from industries including transportation and power generation is projected to drive the market further.
The Asia Pacific electric insulating oil industry has witnessed significant growth on account of increasing manufacturing facilities across various sectors including automotive, aerospace & defense, construction equipment etc., which consume transformer oils on a large scale basis. In addition, rapid industrialization coupled with government support aimed at promoting domestic production capabilities will boost product demand over the coming years. For instance; Government of India’s 100% FDI limit in auto components allowed JV companies such as Mahindra & Mahindra Ltd.; Bajaj Auto Ltd.; Royal Enfield Ltd.; TVS Motor Co Pvt.
Growth Factors:
- Increasing demand from the electrical and electronics industry
- Growing investment in power infrastructure
- Rising awareness about the benefits of using electric insulating oil
- Proliferation of new technologies that require electric insulating oil
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Insulating Oil Market Research Report
By Type
Mineral Oil-Based, Silicone-Based, Bio-Based Oil
By Application
Transformer, Capacitor, Ballast, Other
By Companies
Nynas AB, Ergon, APAR Industries Limited, Calumet Specialty Products Partners, Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining, Nynas AB
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Electric Insulating Oil Market Report Segments:
The global Electric Insulating Oil market is segmented on the basis of:
Types
Mineral Oil-Based, Silicone-Based, Bio-Based Oil
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
Transformer, Capacitor, Ballast, Other
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:
- Nynas AB
- Ergon
- APAR Industries Limited
- Calumet Specialty Products Partners
- Sinopec Corporation
- Hydrodec Group PLC
- Cargill Incorporated
- Engen Petroleum Limited
- Valvoline
- San Joaquin Refining
- Nynas AB
Highlights of The Electric Insulating Oil 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:
- Mineral Oil-Based
- Silicone-Based
- Bio-Based Oil
- By Application:
- Transformer
- Capacitor
- Ballast
- Other
- 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 Electric Insulating Oil 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?
Electric insulating oil is a type of oil that is used to help keep electric circuits and equipment free from heat damage. It can also be used as an additive in other oils to improve their insulating properties.
Some of the major players in the electric insulating oil market are Nynas AB, Ergon, APAR Industries Limited, Calumet Specialty Products Partners, Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining, Nynas AB.
The electric insulating oil 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 Electric Insulating Oil 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 Electric Insulating Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Insulating Oil 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 Electric Insulating Oil 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 Electric Insulating Oil Market Size & Forecast, 2020-2028
4.5.1 Electric Insulating Oil Market Size and Y-o-Y Growth
4.5.2 Electric Insulating Oil 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 Mineral Oil-Based
5.2.2 Silicone-Based
5.2.3 Bio-Based Oil
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 Transformer
6.2.2 Capacitor
6.2.3 Ballast
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Insulating Oil 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 Electric Insulating Oil 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 Mineral Oil-Based
9.6.2 Silicone-Based
9.6.3 Bio-Based Oil
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 Transformer
9.10.2 Capacitor
9.10.3 Ballast
9.10.4 Other
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 Mineral Oil-Based
10.6.2 Silicone-Based
10.6.3 Bio-Based Oil
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 Transformer
10.10.2 Capacitor
10.10.3 Ballast
10.10.4 Other
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 Mineral Oil-Based
11.6.2 Silicone-Based
11.6.3 Bio-Based Oil
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 Transformer
11.10.2 Capacitor
11.10.3 Ballast
11.10.4 Other
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 Mineral Oil-Based
12.6.2 Silicone-Based
12.6.3 Bio-Based Oil
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 Transformer
12.10.2 Capacitor
12.10.3 Ballast
12.10.4 Other
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 Mineral Oil-Based
13.6.2 Silicone-Based
13.6.3 Bio-Based Oil
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 Transformer
13.10.2 Capacitor
13.10.3 Ballast
13.10.4 Other
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 Electric Insulating Oil Market: Competitive Dashboard
14.2 Global Electric Insulating Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nynas AB
14.3.2 Ergon
14.3.3 APAR Industries Limited
14.3.4 Calumet Specialty Products Partners
14.3.5 Sinopec Corporation
14.3.6 Hydrodec Group PLC
14.3.7 Cargill Incorporated
14.3.8 Engen Petroleum Limited
14.3.9 Valvoline
14.3.10 San Joaquin Refining
14.3.11 Nynas AB
