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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Market players are focusing on developing biodegradable transformer oils to align with environmental regulations and sustainability goals.
- Exxon Mobil Corporation
- Petro-Canada Lubricants LLC
- Shell Plc
- Chevron Corp.
- Castrol Limited
- Philips 66 Company
- Calumet Specialty Products Partners, L.P.
- San Joaquin Refining Co. Inc.
- Ergon, Inc.
- Cross Oil Refining & Marketing, Inc.
- Sunoco Lubricants
- Others
North America Transformer Oil Market Report Snapshots
North America Transformer Oil Market Size
North America Transformer Oil Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 562.94 million.
The market is expected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 990.32 million by 2032.
The market is primarily driven by factors such as increasing energy infrastructure development, grid modernisation initiatives, and a growing focus on renewable energy sources.
Key trends aiding the market expansion include the integration of renewable energy sources like wind and solar into the power grid, which necessitates transformers filled with insulating oils for efficient power distribution.
Countries considered in the market are United States of America and Canada.
Based on end use, the market segmentations include power generation, transmission, and railways and metros, among others.
Mineral oil (paraffinic, naphthenic), silicone-based oil, and bio-based oil are considered in the report.
Key players in the market are Exxon Mobil Corporation, Petro-Canada Lubricants LLC, Shell Plc, Chevron Corp., Castrol Limited, Philips 66 Company, Calumet Specialty Products Partners, L.P., San Joaquin Refining Co. Inc., Ergon, Inc., Cross Oil Refining & Marketing, Inc., and Sunoco Lubricants, among others.
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United States (Head Office)
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124