Transformer oil, a type of insulating and cooling oil used in transformers and other electrical equipment, needs to be tested periodically to ensure that it is still fit for purpose. This is because it tends to deteriorate over time. Testing sequences and procedures are defined by various international standards, many of them set by ASTM. Testing consists of measuring breakdown voltage and other physical and chemical properties of samples of the oil, either in a laboratory or using portable test equipment on site
Scope of the Report:The first kind need to mention is Dielectric Breakdown Voltage, it hold a comparatively larger share in global market, which accounts for about 23.03% in 2020.
The following is Moisture Analysis share 15.83% market share in 2020. Flash Point stay the Third for 15.77% share. The Interfacial Tension take a 14.17% market share. The Interfacial Tension is experiencing the fastest growing in next few years
From the view of region, Europe have a larger market share in 2020 which account for 28.61% and will witness a stable growth in following years. United States hold a market share of 27.15% will still play an important role which cannot be ignored. Any changes from China, which share a 9.59% market share in 2020, might affect the development trend of Transformer Oil Testing. Japan, India, Central & South America and the Rest are also play important role in Global market.
The global Transformer Oil Testing market is valued at 260.9 million USD in 2020 and is expected to reach 340.8 million USD by the end of 2026, growing at a CAGR of 5.5% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Transformer Oil Testing.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Transformer Oil Testing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Transformer Oil Testing market by product type and applications/end industries.
Market Segment by Companies, this report covers SGS
Munich Re
Bureau Veritas
ALS
Veritas Petroleum Services
Intertek
RESA Power
SDMyers
DNV GL
Powerlink
Asiaphil
Trico
Reuter Hanney
GTI
Windemuller
PDC Laboratories
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Dissolved Gas Analysis
Moisture Analysis
Dielectric Breakdown Voltage
Flash Point
Interfacial Tension
Others
Market Segment by Applications, can be divided into Mineral Oil
Non Mineral Oil
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.