© 2016 Global Market Insights, Inc. USA. All Rights Reserved Transformer Oil Market trends research and projections for 2018 – 2024

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Increasing demand for modernization of aging grid infrastructure coupled with large scale capacity addition will boost the transformer oil market. For instance, in 2016, the U.S. DOE announced an investment of USD 220 million under the Grid Modernization Initiative. The funding was done to revitalize the power grid thereby making it resilient, affordable and sustainable. Rapid urbanization along with increasing expenditure across infrastructure sector in developed economies will further stimulate the business scenario.transformer oil market  Stringent legislative measures for the development of reliable grid network along with rising electricity demand will augment the transformer oil market. Favorable regulatory reforms supporting the expansion of sustainable energy networks coupled with government aided policies consisting of feed-in-tariffs will further drive the industry landscape. The European Union proposes the Infrastructure Package for the allocation of USD 10.6 billion from the EU budget for the funding of energy network infrastructure from 2013 to  Increasing demand for electricity across the globe has propelled the deployment of new transformers which in turn will boost the transformer oil market. Rising focus toward rural electrification along with massive funding from nonprofit organizations will further fuel the industry growth. Global Market Scenario of Transformer Oil Industry

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Mineral based transformer oil market is anticipated to expand over 5% by High compatibility to operate in high voltage transformers and ease of availability has accelerated the adoption of these products across the industry landscape. High temperature viscosity and good oxidation stability are some other imperatives contributing to the increased product demand growth.  Reasons to Buy This Report: 1. Transformer Oil Market size & share forecast by product & application, Growth drivers, pitfalls & industry challenges 3. Key Transformer Oil Market growth opportunities & emerging business models 4. Competitive benchmarking with market share analysis and company profiles  Naphthenic mineral based transformer oil market is set to grow on account of low temperature performance and greater solvating power as compared to paraffinic oils. Increasing adoption of naphthenic based oil across developed nations with regard to their easy availability and large reserve base will further boost the product landscape.  Power transformers in 2017 held over 57% of the global transformer oil market share. Increasing investment in the power sector coupled with expansion of power grids across developing nations will propel the product penetration. Increased usage of power transformers at the receiving and finishing end of high voltage transmission lines will further fuel the industry landscape. Continue…

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