Transformer oils insulate power equipment, dispel heat, and cool down systems. These oils are used in circuit breakers, fluorescent lamp ballasts, high-voltage capacitors & switches, and oil-filled transformers among others. Transformer oil can be sourced from three distinct raw materials, namely, mineral, silicon, and bio-based oils.
Recently, Cargill, Inc. developed environment-friendly transformer oil, called Envirotemp FR3. In 2016, the product was awarded with Presidential Green Chemistry Challenge Award by the US Environmental Protection Agency (EPA). This product is derived from renewable vegetable oils. Hence, it is termed biodegradable by the makers. It can provide enhanced fire safety and transformer life. The oil has witnessed impressive adoption from power transformers and distributors around the world.
This product is derived from renewable vegetable oils. Hence, it is termed as biodegradable. The product is expected to have a very low carbon footprint. It is said to emit 56-times less carbon than mineral oils. The lubricant was found to be non-toxic in aquatic toxicity and oral toxicity tests. It is free of any silicones, sulfurs, petroleum, and halogens.
The product can function at around 20°C warmer temperature than its mineral oil alternatives. It can effectively safeguard insulating papers, up to 8 times longer than mineral oils. This transformer oil can enhance fire safety of the transformers placed at heavily populated areas.
According to a new report by Grand View Research, Inc.; the global transformer oil market is expected to attain USD 4.5 billion by 2025. It is expected to register nearly 11.5% CAGR during the forecast period (2014 to 2025). Industrialization, urbanization and easy access to electricity grids can propel market growth in Asia Pacific.
Ergon Inc.; Nynas AB; PetroChina Company Ltd.; and Sinopec Corporation are some of the key participants operating in the market for transformer oil. Most companies participate in extensive research & development and mergers & acquisitions to expand their global reach.
In-Depth research report on transformer oil market: