Transformer Oil Market Growth Forecast 2028 By Size, Share, Trends
High usage of transformer oil in power generation sector and growing demand for bio based transformer oil are two factors expected to drive the demand of Global Transformer Oil Market. According to TechSci Research report, “ Global Transformer Oil Market - By Region, Competition, Forecast & Opportunities, 2028F ” , Global Transformer Oil market increase in forecast period, this sector's primary market driver is the growing demand for power in both urban and rural areas. Transformer installations have increased as a result of the rise in power consumption across numerous industries. The market will also be driven by rising power sector investment, industrialization, and shifting energy patterns toward renewable sources. Based on type segment, the Naphthenic Oil segment hold the largest market share, because electric utilities like transmission lines, power plants, and other industrial uses are increasing their demand for transformer oil. In the upcoming years, it is pro...