Jul
Transformer Oil Market
Transformers are almost everywhere, and every power and distribution transformer is filled with the dielectric insulating fluid, which consists high resistance to electricity and cools the transformer. The “bio based oil” is the highest growing type segment because it has better resistance to fire as compared to other oil over the forecast period. Furthermore, the growth of electric grids in developing economies and the upgradation of electric grids in the developed countries due to growing urbanization and industrialization are the major factors expected to drive the growth of the transformer oil market. Moreover, the increasing demand for electricity globally has enforced the installation of new transformers, which will increase the market growth rate.
