Research By Markets adds Market Research Report - Global Transformer Oil Testing Market Growth (Status and Outlook) 2019-2024 – ResearchbyMarkets.com
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Transformer oil, a type of insulating and cooling oil used in transformers and other electrical equipment, needs to be tested periodically to ensure that it is still fit for purpose. This is because it tends to deteriorate over time. Testing sequences and procedures are defined by various international standards, many of them set by ASTM. Testing consists of measuring breakdown voltage and other physical and chemical properties of samples of the oil, either in a laboratory or using portable test equipment on site
The first kind need to mention is Dielectric Breakdown Voltage, it hold a comparatively larger share in global market, which accounts for about 23.03% in 2019.
The following is Moisture Analysis share 15.83% market share in 2019. Flash Point stay the Third for 15.77% share. The Interfacial Tension take a 14.17% market share. The Interfacial Tension is experiencing the fastest growing in next few years
From the view of region, Europe have a larger market share in 2019 which account for 28.61% and will witness a stable growth in following years. United States hold a market share of 27.15% will still play an important role which cannot be ignored. Any changes from China, which share a 9.59% market share in 2019, might affect the development trend of Transformer Oil Testing. Japan, India, Central & South America and the Rest are also play important role in Global market.
According to this study, over the next five years the Transformer Oil Testing market will register a 5.9% CAGR in terms of revenue, the global market size will reach US$ 331.1 million by 2024, from US$ 248.1 million in 2019. In particular, this report presents the global revenue market share of key companies in Transformer Oil Testing business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Transformer Oil Testing market by product type, application, key companies and key regions.
This study considers the Transformer Oil Testing value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Dissolved Gas Analysis
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Non Mineral Oil
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Veritas Petroleum Services
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Transformer Oil Testing market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Transformer Oil Testing market by identifying its various subsegments.
Focuses on the key global Transformer Oil Testing players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Transformer Oil Testing with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Transformer Oil Testing submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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