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Global Electric Insulating Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Electric Insulating Oil Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Mineral Oil-Based Oil
    • 1.3.3 Synthetic Oil
    • 1.3.4 Bio-Based Oil
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Electric Insulating Oil Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Transformers
    • 1.4.3 Capacitor and Circuit Breakers
    • 1.4.4 Other
  • 1.5 Global Electric Insulating Oil Market Size & Forecast
    • 1.5.1 Global Electric Insulating Oil Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Electric Insulating Oil Sales Quantity (2020-2031)
    • 1.5.3 Global Electric Insulating Oil Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Nynas
    • 2.1.1 Nynas Details
    • 2.1.2 Nynas Major Business
    • 2.1.3 Nynas Electric Insulating Oil Product and Services
    • 2.1.4 Nynas Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Nynas Recent Developments/Updates
  • 2.2 CNPC
    • 2.2.1 CNPC Details
    • 2.2.2 CNPC Major Business
    • 2.2.3 CNPC Electric Insulating Oil Product and Services
    • 2.2.4 CNPC Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 CNPC Recent Developments/Updates
  • 2.3 APAR
    • 2.3.1 APAR Details
    • 2.3.2 APAR Major Business
    • 2.3.3 APAR Electric Insulating Oil Product and Services
    • 2.3.4 APAR Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 APAR Recent Developments/Updates
  • 2.4 TotalEnergies
    • 2.4.1 TotalEnergies Details
    • 2.4.2 TotalEnergies Major Business
    • 2.4.3 TotalEnergies Electric Insulating Oil Product and Services
    • 2.4.4 TotalEnergies Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 TotalEnergies Recent Developments/Updates
  • 2.5 SINOPEC
    • 2.5.1 SINOPEC Details
    • 2.5.2 SINOPEC Major Business
    • 2.5.3 SINOPEC Electric Insulating Oil Product and Services
    • 2.5.4 SINOPEC Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 SINOPEC Recent Developments/Updates
  • 2.6 ExxonMobil
    • 2.6.1 ExxonMobil Details
    • 2.6.2 ExxonMobil Major Business
    • 2.6.3 ExxonMobil Electric Insulating Oil Product and Services
    • 2.6.4 ExxonMobil Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 ExxonMobil Recent Developments/Updates
  • 2.7 Shell
    • 2.7.1 Shell Details
    • 2.7.2 Shell Major Business
    • 2.7.3 Shell Electric Insulating Oil Product and Services
    • 2.7.4 Shell Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Shell Recent Developments/Updates
  • 2.8 Eni SpA
    • 2.8.1 Eni SpA Details
    • 2.8.2 Eni SpA Major Business
    • 2.8.3 Eni SpA Electric Insulating Oil Product and Services
    • 2.8.4 Eni SpA Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Eni SpA Recent Developments/Updates
  • 2.9 Ergon
    • 2.9.1 Ergon Details
    • 2.9.2 Ergon Major Business
    • 2.9.3 Ergon Electric Insulating Oil Product and Services
    • 2.9.4 Ergon Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Ergon Recent Developments/Updates
  • 2.10 Chevron
    • 2.10.1 Chevron Details
    • 2.10.2 Chevron Major Business
    • 2.10.3 Chevron Electric Insulating Oil Product and Services
    • 2.10.4 Chevron Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Chevron Recent Developments/Updates
  • 2.11 Calumet Specialty Products Partners
    • 2.11.1 Calumet Specialty Products Partners Details
    • 2.11.2 Calumet Specialty Products Partners Major Business
    • 2.11.3 Calumet Specialty Products Partners Electric Insulating Oil Product and Services
    • 2.11.4 Calumet Specialty Products Partners Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Calumet Specialty Products Partners Recent Developments/Updates
  • 2.12 BP Energol
    • 2.12.1 BP Energol Details
    • 2.12.2 BP Energol Major Business
    • 2.12.3 BP Energol Electric Insulating Oil Product and Services
    • 2.12.4 BP Energol Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 BP Energol Recent Developments/Updates
  • 2.13 Jiangsu Gaoke
    • 2.13.1 Jiangsu Gaoke Details
    • 2.13.2 Jiangsu Gaoke Major Business
    • 2.13.3 Jiangsu Gaoke Electric Insulating Oil Product and Services
    • 2.13.4 Jiangsu Gaoke Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Jiangsu Gaoke Recent Developments/Updates
  • 2.14 Cargill Incorporated
    • 2.14.1 Cargill Incorporated Details
    • 2.14.2 Cargill Incorporated Major Business
    • 2.14.3 Cargill Incorporated Electric Insulating Oil Product and Services
    • 2.14.4 Cargill Incorporated Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Cargill Incorporated Recent Developments/Updates
  • 2.15 Phillips 66 Company
    • 2.15.1 Phillips 66 Company Details
    • 2.15.2 Phillips 66 Company Major Business
    • 2.15.3 Phillips 66 Company Electric Insulating Oil Product and Services
    • 2.15.4 Phillips 66 Company Electric Insulating Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Phillips 66 Company Recent Developments/Updates

3 Competitive Environment: Electric Insulating Oil by Manufacturer

  • 3.1 Global Electric Insulating Oil Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Electric Insulating Oil Revenue by Manufacturer (2020-2025)
  • 3.3 Global Electric Insulating Oil Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Electric Insulating Oil by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Electric Insulating Oil Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Electric Insulating Oil Manufacturer Market Share in 2024
  • 3.5 Electric Insulating Oil Market: Overall Company Footprint Analysis
    • 3.5.1 Electric Insulating Oil Market: Region Footprint
    • 3.5.2 Electric Insulating Oil Market: Company Product Type Footprint
    • 3.5.3 Electric Insulating Oil Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Electric Insulating Oil Market Size by Region
    • 4.1.1 Global Electric Insulating Oil Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Electric Insulating Oil Consumption Value by Region (2020-2031)
    • 4.1.3 Global Electric Insulating Oil Average Price by Region (2020-2031)
  • 4.2 North America Electric Insulating Oil Consumption Value (2020-2031)
  • 4.3 Europe Electric Insulating Oil Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Electric Insulating Oil Consumption Value (2020-2031)
  • 4.5 South America Electric Insulating Oil Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Electric Insulating Oil Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Electric Insulating Oil Sales Quantity by Type (2020-2031)
  • 5.2 Global Electric Insulating Oil Consumption Value by Type (2020-2031)
  • 5.3 Global Electric Insulating Oil Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Electric Insulating Oil Sales Quantity by Application (2020-2031)
  • 6.2 Global Electric Insulating Oil Consumption Value by Application (2020-2031)
  • 6.3 Global Electric Insulating Oil Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Electric Insulating Oil Sales Quantity by Type (2020-2031)
  • 7.2 North America Electric Insulating Oil Sales Quantity by Application (2020-2031)
  • 7.3 North America Electric Insulating Oil Market Size by Country
    • 7.3.1 North America Electric Insulating Oil Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Electric Insulating Oil Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Electric Insulating Oil Sales Quantity by Type (2020-2031)
  • 8.2 Europe Electric Insulating Oil Sales Quantity by Application (2020-2031)
  • 8.3 Europe Electric Insulating Oil Market Size by Country
    • 8.3.1 Europe Electric Insulating Oil Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Electric Insulating Oil Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Electric Insulating Oil Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Electric Insulating Oil Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Electric Insulating Oil Market Size by Region
    • 9.3.1 Asia-Pacific Electric Insulating Oil Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Electric Insulating Oil Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Electric Insulating Oil Sales Quantity by Type (2020-2031)
  • 10.2 South America Electric Insulating Oil Sales Quantity by Application (2020-2031)
  • 10.3 South America Electric Insulating Oil Market Size by Country
    • 10.3.1 South America Electric Insulating Oil Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Electric Insulating Oil Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Electric Insulating Oil Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Electric Insulating Oil Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Electric Insulating Oil Market Size by Country
    • 11.3.1 Middle East & Africa Electric Insulating Oil Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Electric Insulating Oil Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Electric Insulating Oil Market Drivers
  • 12.2 Electric Insulating Oil Market Restraints
  • 12.3 Electric Insulating Oil Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Electric Insulating Oil and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Electric Insulating Oil
  • 13.3 Electric Insulating Oil Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Electric Insulating Oil Typical Distributors
  • 14.3 Electric Insulating Oil Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Electric Insulating Oil market size was valued at US$ 2881 million in 2024 and is forecast to a readjusted size of USD 3915 million by 2031 with a CAGR of 4.5% during review period.
    Electric insulating oil, is a type of oil used in electrical transformers and other electrical equipment to provide insulation and cooling.
    Global key players of Electric Insulating Oil include Nynas, CNPC, APAR, TotalEnergies, SINOPEC, etc. The top five players hold a share over 49%. Asia-Pacific is the largest market, and has a share about 51%, followed by Europe and North America with share 21% and 18%, separately. In terms of product type, Mineral Oil-Based Oil is the largest segment, occupied for a share of 78%. In terms of application, Transformers has a share about 95 percent.
    This report is a detailed and comprehensive analysis for global Electric Insulating Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Electric Insulating Oil market size and forecasts, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (USD/Ton), 2020-2031
    Global Electric Insulating Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (USD/Ton), 2020-2031
    Global Electric Insulating Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (USD/Ton), 2020-2031
    Global Electric Insulating Oil market shares of main players, shipments in revenue ($ Million), sales quantity (K Tons), and ASP (USD/Ton), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Electric Insulating Oil
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Electric Insulating Oil market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nynas, CNPC, APAR, TotalEnergies, SINOPEC, ExxonMobil, Shell, Eni SpA, Ergon, Chevron, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Electric Insulating Oil market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Mineral Oil-Based Oil
    Synthetic Oil
    Bio-Based Oil
    Market segment by Application
    Transformers
    Capacitor and Circuit Breakers
    Other
    Major players covered
    Nynas
    CNPC
    APAR
    TotalEnergies
    SINOPEC
    ExxonMobil
    Shell
    Eni SpA
    Ergon
    Chevron
    Calumet Specialty Products Partners
    BP Energol
    Jiangsu Gaoke
    Cargill Incorporated
    Phillips 66 Company
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Electric Insulating Oil product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Electric Insulating Oil, with price, sales quantity, revenue, and global market share of Electric Insulating Oil from 2020 to 2025.
    Chapter 3, the Electric Insulating Oil competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Electric Insulating Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Insulating Oil market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Insulating Oil.
    Chapter 14 and 15, to describe Electric Insulating Oil sales channel, distributors, customers, research findings and conclusion.

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