Market Research Reports

The global market for transformer oil is currently strongly consolidated in nature, and is likely to remain in a similar state over the coming years, according to a new research study by Transparency Market Research (TMR). The five leading players in the market – ExxonMobil, Shell, Nynas AB, and Sinopec – took up over 45% of its overall value in 2015. The key players are dedicating more of their assets on the developing of novel, safe, and green bio-based transformer oils to be made commercial at competitive prices, in an effort to reinforce their status in the global transformer oil market in the coming years. As stated in the TMR research report, a greater proportion of the leading entities in the global transformer oil market have established strong channels in sales and distribution. As a result, the competitive landscape in the market is expected to steadily become more intense in the years to come. The global transformer oil market was valued at US$1.99 bn in 2015. Analys...