The global transformer oil market is projected to reach $3 billion by 2025 from an estimated market size of $2.2 billion in 2020 with a CAGR of 6% over the forecast period. The factor driving the growth of transformer oil is the power grid upgrade in developing countries, along with the expansion of the power grid with increasing industrialization and urbanization.
A full report of Transformer Oils Market is available at: https://www.orionmarketreports.com/transformer-oils-market/45783/
Transformer Oils Market: Segmentation
By Type:
• Mineral
• Silicone
• Bio-based
By Application:
• Transformer
• Switchgear
• Reactor
By End-user:
• Transmission and Distribution
• Power Generation
• Railways & Metros
• Others
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