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North America Transformer Oil Market Share

Report ID: GMI7289
Published Date: Nov 2023
Report Format: PDF

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North America Transformer Oil Market Share

Among the companies listed, Exxon Mobil Corporation stands out as a dominant player and market leader. With a strong global presence and a wide range of high-quality transformer oil products, Exxon Mobil has consistently demonstrated its commitment to innovation, reliability, and sustainability in the energy sector. The company's extensive research and development efforts have led to the formulation of transformer oils that meet the stringent requirements of modern power grids and electrical systems, ensuring optimal performance and longevity. Exxon Mobil's comprehensive portfolio, along with its dedication to environmental stewardship and safety, positions it as a preferred choice for utility companies, industries, and grid modernization projects, making it a market leader.

The major contenders in the North America transformer oil industry include:

APAR
Calumet Specialty Products Partners, L.P.
Cargill, Incorporated
CASTROL LIMITED
Clearco Products Co., Inc. All
Dow
HCS Group
Ergon, Inc.
Exxon Mobil Corporation
Gandhar Oil Refinery (India) Limited
Hydrodec Group plc
Novvi, LLC
Royal Dutch Shell, PLC
San Joaquin Refining Co. Inc.
RENKERT OIL
Lubline
Phillips 66 Company

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of North America transformer oil was worth over USD 600 million in 2022 and is estimated to reach USD 1.2 billion by 2032, due to the aging power infrastructure necessitating the regular maintenance and upgrades of transformers in the region.

The mineral-based product segment in the North America transformer oil market is expected to register over 7% CAGR from 2023 to 2032, due to its excellent dielectric properties to ensure effective insulation and heat dissipation.

U.S. transformer oil industry is set to record over 6.5% CAGR from through 2032, owing to the ongoing expansion and upgrading of the electrical grid and power infrastructure along with the higher replacement of aging transformers.

Some of the influential North America transformer oil market players are APAR, Calumet Specialty Products Partners, L.P., Cargill, Incorporated, CASTROL LIMITED, Clearco Products Co., Inc. All, Dow, HCS Group, Ergon, Inc., Exxon Mobil Corporation, among others.