The global Insulating Oil market size is projected to reach USD 3.4 billion by 2026 at a CAGR of 6.6% from USD 2 billion in 2021 during the forecast period 2021-2028.
Insulating oil better known as transformer oil is an oil which is stable and is used at high temperature. It also has insulating electric properties and is thus used at machines where there is generation of high temperature and electricity. The insulating property help to prevent the arcing in between the parts of the machine.
With industrialization and urbanizations taking pace along with the expansion of the electric grids are some of the factors that have supported long-term expansion for Insulating Oil Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Supply chain disruption, declined demand for the transformer oil, increased storage space all have resulted in a mixed impact over the market.
APAC is expected to be the largest market during the forecast period. Increased demand for electricity, industrialization, commercialization has led to the expansion of market in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 2 billion |
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Growth Rate |
CAGR of 6.6% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Oil type, Applications, End User and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Royal Dutch Shell , Exxon Mobil Corporation , Repsol , Ergon, Inc. , Nynas AB , Sinopec Lubricant Company , APAR Industries , PetroChina Company Limited , Savita Oil Technologies Limited , Chevron Corporation , M&I Materials Limited , Petro-Canada , Gandhar Oil , Lubrita , Phillips 66 Company , Gulf Oil International , Dow , Cargill, Incorporated. , Hydrodec Group plc , Calumet Specialty Products Partners, L.P. , Sasol , Hyrax Oil Sdn Bhd. , San Joaquin Refining Co, , Valvoline Cummins , and Engen Petroleum Limited |
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Available Customization |
In addition to the market data for Insulating Oil Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Insulating Oil Market is segmented into Oil type, Applications, End User and geography.
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