Silicon Transformer Oil Market

Silicon Transformer Oil Market (Application: Power Transformer and Distribution Transformer) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Silicon Transformer Oil Market Outlook 2031

  • The silicon transformer oil market was valued at US$ 266.8 Mn in 2021
  • It is estimated to grow at a CAGR of 4.2% from 2022 to 2031
  • The silicon transformer oil market is expected to reach value of US$ 402.2 Mn by the end of 2031

Analysts’ Viewpoint on Silicon Transformer Oil Market Scenario

Leading players in the silicon transformer oil market are focusing on R&D activities and infrastructure development to stabilize their businesses after the COVID -19 pandemic. Aging energy generation and distribution infrastructure is one of the key challenges being faced by developed countries. It puts considerable pressure on energy generation and distribution infrastructure to provide reliable, cost-effective electricity. Several countries in Europe are grappling with high costs associated with disruptions, customer minutes lost, as well as the investment needed to maintain and upgrade the network. According to the U.S. Department of Energy report, the country has a grid system aged 25 years or older. Consequently, power generation and distribution companies are spending more than US$ 50 Mn on the upgrade of aging equipment. Silicon transformer oil companies are enhancing their market presence by increasing their installation and investment capacity.

silicon transformer oil market

Overview of Silicon Transformer Oil Market

Silicon transformer oil is an insulating fluid that serves as a coolant in electrical transformers. It is a synthetic transformer oil composed primarily of demethylsiloxane polymers and possesses a variety of properties, including superior di-electricity, high resistivity, thermal conductivity, low power loss, and chemical stability.

It plays a vital role in meeting the residential, commercial, and industrial energy requirements as well as ensuring smooth operation of the power supply transformer. Silicon transformer oil can also be used in high-voltage circuit breaks, switches, power generation, and railways.

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Silicon Oil as Safer Alternative to Mineral Oil to Drive Silicon Transformer Oil Market

Silicone transformer oil is a K class transformer fluid. It has a fire point above 370°C whereas mineral oil has a flash point of about 150oC. Thus, it protects the transformer from firetrap due to an arc or lightning strike.

Silicone transformer oil is utilized in applications where fire protection is critical. Fire safety is a crucial factor in certain areas. These include distribution transformers in built-up areas, oil & gas operations, and manufacturing facilities handling flammable substances, trains, and wind turbines.

Silicone transformer oil provides overall electrical insulation due to its high dielectric strength. In addition to the good resistance to high temperature, UV, and ozone, it is hydrophobic and does not promote surface insulation failures. Specially formulated silicone transformer oil helps smooth electrical fields within the connection end and ensures long-term performance.

Silicone oil for transformer possesses high electrical, thermal, and flammability properties as compared to mineral oil and polychlorinated biphenyl fluids. The U.S. is striving to eliminate the use of crude oil with synthetic fuel, which could be employed in energy systems in order to increase fuel efficiency and reduce CO2 emissions.

Modernization of Facilities and Increase in Electricity Consumption to Boost Silicon Transformer Oil Market

Advancements in the power generation technology make it important that energy distribution and generation infrastructure be able to handle planned and purposeful improvements. Energy distribution and generation facilities should work in order with future-proof networks, as additional coal plants are dismantled. Both renewables and electric transition network are projected to play a larger role in electricity generation in the future. New technologies and fuel options would require to be integrated into the electric grid in the near future.

The new smart grid technology could improve demand risk from the utility’s standpoint and delivery system to allow for greater automation in grid operation at virtually every node, including facilitating data communication and operations between all agents in the system, which include generators, system operators, and final demanders.

The number of people gaining access to electricity doubled from 9 million a year between 2000 and 2013 to 20 million people between 2014 and 2018 in Middle East & Africa, especially in rural parts of countries in Africa. This also includes East Africa, which comprises countries such as Kenya, Ethiopia, and Tanzania. Kenya was a key country in the region; the access to electricity rate in the country rose from 25% in 2013 to 75% in 2018. Most of the progress made in Africa over the last decade can be ascribed to grid connections.

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Extensive Use of Silicon Transformer Oil in Distribution Transformer to Propel Market

Based on application, the distribution transformer segment dominated the North America, Europe & Japan silicone transformer oil market in 2021. The segment constituted prominent share of 94.2% of the North America, Europe & Japan silicon transformer oil market in 2021. The segment was valued at US$ 255.1 Mn in 2020 and is expected to reach US$ 402.2 Mn by 2031. The demand for this type of transformer oil is lower, as better cost-efficient and high flash point transformer oil is available. Distribution transformer is an electrical isolation transformer that converts high voltage electricity to low voltage level, which can be used in residential and commercial places. Distribution transformers are generally used for supply application, lightning, motorized machine, and power load from electrical distribution system.

The power transformer segment is likely to grow at a moderate pace during the forecast period. The segment held 5.4% share of the silicon transformer oil market in 2021. The segment is anticipated to provide US$ 402.2 Mn of opportunity during the forecast period. Naphthenic mineral oil has long been the most preferred insulating liquid for power transformer, as it has a good pouring point at low temperatures, good thermal cooling capacity, and low cost.

Regional Outlook of Silicon Transformer Oil Market

North America dominated the silicon transformer oil market. In terms of value, the market in the region was valued at US$ 131.1 Mn in 2021 and is expected to reach US$ 200.5 Mn by 2031, growing at a CAGR of 4.3% during the forecast period. The region is estimated to maintain its dominant position in the market during the forecast period. In the region, the U.S. is a prominent country with major consumption. In the U.S., around 70% of transformers are over 25 years, and 60% of distribution poles are 30 years old, relatively, approaching the end of their useful life. Therefore, equipment require replacement and upgrade of existing infrastructure. The U.S. reported that between 35% and 48% of their transmission and distribution assets either currently need or would soon need replacement. Power generation and distribution companies are spending more than US$ 51 Bn on upgrade of aging equipment.

Europe is another notable market for silicon transformer oil. The silicon transformer oil market in the region is mature, and it is estimated to grow at a CAGR of 4.1%, during the forecast period.

Japan accounted for relatively minor share of the market in 2021. However, the market in the regions is projected to grow at a rapid pace during the forecast period.

Analysis of Key Players of Silicon Transformer Oil Market

The silicon transformer oil market is consolidated with a small number of large-scale vendors controlling majority of the market share. Many firms are spending significantly on comprehensive research & development, primarily to develop environment-friendly products. Diversification of product portfolios and mergers & acquisitions are major strategies adopted by key players. Dow Inc., Cargill, Eden Transformer Oil Ltd., DGE-Smart Specialty Chemicals, Electrical Oil Services, Clearco Products co, Inc. are the prominent entities operating in the market.

Each of these players has been profiled in the silicon transformer oil market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments in Silicon Transformer Oil Market

  • In December 17, 2021 Cargill opened its first FR3 natural ester fluid manufacturing facility in Yangjiang of Guangdong Province in China. FR3 fluid is a higher-performing transformer fluid that is more reliable for communities and efficient for the planet as compared to mineral oil.
  • In October 09, 2021 Electrical oil services (EOS) contracted with BEST Transformer for the ready to operate assembly of their transformer at the Facility for Antiproton and Ion Research (FAIR) in Darmstadt, Germany. The four 80 MVA transformers were delivered by BEST Transformer, a leading Turkey-based transformer manufacturer, to the FAIR particle accelerator site, which is one of the world’s biggest construction projects for international cutting-edge research.

Silicon Transformer Oil Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 266.8 Mn

Market Forecast Value in 2031

US$ 402.2 Mn

Growth Rate

(CAGR)

4.2%

Forecast Period

2022–2031

Historical Data Available for

2020

Quantitative Units

US$ Mn for Value and Tons for Volume

Market Analysis

It includes cross segment analysis at as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • By Application
    • Power Transformer
    • Distribution Transformer

Countries Covered

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • Spain
  • Italy
  • U.K.
  • Russia & CIS
  • Rest of Europe
  • Japan

Companies Profiled

  • Dow
  • Cargill
  • Eden Transformer Oil Ltd.
  • DGE-Smart Specialty Chemicals
  • Electrical Oil Services
  • Clearco Products Co, Inc.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the silicon transformer oil market in 2021?

The market stood at US$ 266.5 Mn in 2021.

How is the market expected to grow by 2031?

The market is expected to grow at a CAGR of 4.2% from 2022 to 2031.

What are the key drivers of the silicon transformer oil market?

Overdependence on fossil fuel, and modernization of infrastructure and increase in electricity consumption to boost the demand for silicon transformer oil.

Which was the largest segment of the silicon transformer oil market in 2021?

Distribution transformer was the largest segment that held 94.3% share in 2021.

Which region was the most lucrative in the silicon transformer oil market in 2021?

North America was the most lucrative region of the global silicon transformer oil market in 2021.

Who are the prominent players in the silicon transformer oil market?

Cargill, Eden Transformer Oil Ltd., DGE-Smart Specialty Chemicals, Electrical Oil Services, and Clearco Products Co, Inc.

    1. Executive Summary

        1.1. Silicon Transformer Oil Market Snapshot

        1.2. Current Market and Future Potential

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Definitions

        2.3. Market Indicators

    3. Market Dynamics

        3.1. Drivers and Restraints Snapshot Analysis

            3.1.1. Drivers

            3.1.2. Restraints

            3.1.3. Opportunities

        3.2. Porter’s Five Forces Analysis

            3.2.1. Threat of Substitutes

            3.2.2. Bargaining Power of Buyers

            3.2.3. Bargaining Power of Suppliers

            3.2.4. Threat of New Entrants

            3.2.5. Degree of Competition

        3.3. Regulatory Scenario

        3.4. Value (US$ Mn) Chain Analysis

            3.4.1. List of Manufacturers

            3.4.2. List of Potentials Customers

        3.5. Cost Analysis

    4. Price Trend Analysis

    5. Production Output Analysis

    6. COVID-19 Impact Analysis

        6.1. Impact on Demand for Oil

    7. North America, Europe and Japan Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis, by Application

        7.1. Key Findings and Introduction

        7.2. North America, Europe and Japan Silicon Transformer Oil Market Value (US$ Mn) Share Analysis, by Application, 2020–2031

            7.2.1. North America, Europe and Japan Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Power Transformer, 2020–2031

            7.2.2. North America, Europe and Japan Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Distributive Transformer, 2020–2031

        7.3. North America, Europe and Japan Silicon Transformer Oil Market Attractiveness Analysis, by Application

    8. North America, Europe and Japan Silicon Transformer Oil Market Analysis, by Region, 2020–2031

        8.1. Key Findings

        8.2. North America, Europe and Japan Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Region, 2020–2031

        8.3. North America, Europe and Japan Silicon Transformer Oil Market Attractiveness Analysis, by Region

    9. North America Silicon Transformer Oil Market Analysis, 2020–2031

        9.1. Key Findings

        9.2. North America Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application, 2020–2031

        9.3. North America Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Country, 2020–2031

            9.3.1. U.S. Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.2. Canada Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        9.4. North America Silicon Transformer Oil Market Attractiveness Analysis, by Application

    10. North America, Europe and Japan Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis, by Application

        10.1. Key Findings and Introduction

        10.2. North America, Europe and Japan Silicon Transformer Oil Market Value (US$ Mn) Share Analysis, by Application, 2020–2031

    11. Europe Silicon Transformer Oil Market Analysis, 2020–2031

        11.1. Key Findings

        11.2. Europe Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application, 2020–2031

        11.3. Europe Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2020–2031

            11.3.1. Germany Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.2. U.K. Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, Application, 2020–2031

            11.3.3. France Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.4. Italy Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.5. Spain Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.6. Russia & Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.7. Rest of Europe Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4. Europe Silicon Transformer Oil Market Attractiveness Analysis, by Application

        11.5. Europe Silicon Transformer Oil Market Attractiveness Analysis, by Country and Sub-region

    12. Japan Silicon Transformer Oil Market Analysis, 2020–2031

        12.1. Key Findings

        12.2. Japan Silicon Transformer Oil Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application , 2020–2031

        12.3. Japan Silicon Transformer Oil Market Attractiveness Analysis, by Application

    13. Competition Landscape

        13.1. North America, Europe & Japan Market Share Analysis, by Company (2021)

        13.2. Company Profiles

            13.2.1. Dow

                13.2.1.1. Company Details

                13.2.1.2. Company Description

                13.2.1.3. Business Overview

                13.2.1.4. Financial Overview

                13.2.1.5. Strategic Overview

            13.2.2. Cargill

                13.2.2.1. Company Details

                13.2.2.2. Company Description

                13.2.2.3. Business Overview

                13.2.2.4. Financial Overview

                13.2.2.5. Strategic Overview

            13.2.3. Eden Transformer Oil Ltd.

                13.2.3.1. Company Details

                13.2.3.2. Company Description

                13.2.3.3. Business Overview

                13.2.3.4. Financial Overview

                13.2.3.5. Strategic Overview

            13.2.4. DGE-Smart Specialty Chemicals

                13.2.4.1. Company Details

                13.2.4.2. Company Description

                13.2.4.3. Business Overview

                13.2.4.4. Strategic Overview

            13.2.5. Electrical Oil Services

                13.2.5.1. Company Details

                13.2.5.2. Company Description

                13.2.5.3. Business Overview

                13.2.5.4. Strategic Overview

            13.2.6. Clearco Products Co, Inc.

                13.2.6.1. Company Details

                13.2.6.2. Company Description

                13.2.6.3. Business Overview

                13.2.6.4. Strategic Overview

    14. Primary Research –Key Insights

    15. Appendix

    16. Research Methodology and Assumptions

    List of Tables

    Table 01: North America, Europe & Japan Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 02: North America, Europe & Japan Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 03: North America Power Transformer Oil Market, by Country

    Table 04: North America Silicon Transformer Oil Market Volume (Tons), by Country, 2020-2031

    Table 05: North America Silicon Transformer Oil Market Value (US$ Mn), by Country, 2020-2031

    Table 06: North America Silicon Transformer Oil Market, by Application 2020–2031

    Table 07: North America Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 08: North America Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 09: U.S. Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 10: U.S. Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 11: Canada Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 12: Canada Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 13: Europe Silicon Transformer Oil Market Volume (Tons), by Country & Sub-region, 2020-2031

    Table 14: Europe Silicon Transformer Oil Market Value (US$ Mn), by Country & Sub-region, 2020-2031

    Table 15: Europe Silicon Transformer Oil Market, by Application 2020–2031

    Table 16: Europe Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 17: Europe Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 18: Germany Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 19: Germany Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 20: France Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 21: France Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 22: U.K. Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 23: U.K. Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 24: Italy Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 25: Italy Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 26: Spain Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 27: Spain Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 28: Russia & CIS Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 29: Russia & CIS Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 30: Rest of Europe Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 31: Rest of Europe Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    Table 32: Japan Silicon Transformer Oil Market Volume (Tons), by Application, 2020-2031

    Table 33: Japan Silicon Transformer Oil Market Value (US$ Mn), by Application, 2020-2031

    List of Figures

    Figure 01: North America Silicon Transformer Oil Market Value Share Analysis, by Country, 2021, 2025, and 2031

    Figure 02: North America Silicon Transformer Oil Market Attractiveness Analysis, by Application, 2021, 2025, and 2031

    Figure 03: North America Silicon Transformer Oil Market Attractiveness Analysis, by Country, 2021, 2025, and 2031

    Figure 04: Europe Silicon Transformer Oil Market Value Share Analysis, by Country and Sub-region, 2021, 2025, and 2031

    Figure 05: Europe Silicon Transformer Oil Market Attractiveness Analysis, by Application, 2021, 2025, and 2031

    Figure 06: Europe Silicon Transformer Oil Market Attractiveness Analysis, by Country and Sub-region, 2021, 2025, and 2031

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