Reportstack Announces the Publication of its Research Report - Global Transformer Oil Market 2014-2018. The following companies are the key players in Global Transformer Oil Market: Ergon Inc., Nynas AB, PetroChina Co. Ltd. , Apar Industries Ltd., Calumet Specialty Products Partners L.P., Cargill Inc., Dow Corning Corp. , San Joaquin Refining Co. Inc.
“The recovery of the Automotive industry in Europe is a positive trend for the Global Transformer Oil market growth. This industry is a major consumer of naphthenic tire and transformer oil. For example, Nynas AB, a key vendor, accounted for more than 30 percent of its annual revenue from tire oil and transformer oil to the Automotive industry in 2012. In addition, the installation of new production facilities and sub-manufacturing units are on the rise, mainly because of an increase in investments in the European Automotive industry. This will increase the adoption of distribution transformers in Europe. ”
According to the report, the Global Transformer Oil market has several growth factors, of which the increasing demand for transformer oils from developing countries is one of the major drivers. An increase in urbanization in developing countries and the consequent demand for power generation, distribution, and transmission have led to the adoption a large number of power and distribution transformers.Further, the report states that the adoption of dry distribution transformers such as VPI, VPE, epoxy coated, epoxy cast, and gas-filled is one of the major challenges. These transformers have better fire safety properties, thus protecting the surroundings and device from fire.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/152723/global-transformer-oil-market-2014-2018.html
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