Global Transformer Oil Testing Market Overview:
Transformer oil testing consists of measuring the breakdown voltage and other physical and chemical properties of an oil sample in the laboratory or in the field using portable test equipment. Transformer oil analysis provides a very accurate indication of the internal condition of the transformer. Transformer oils are used in oil-field electrical power transformers for the cloister, arc and partial discharge protection, and transformer dissipation. Growing demand for electricity from various segments drives the transformer oil testing market.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Increasing Need to Expand Transmission and Distribution Networks
Market Growth Drivers:
Increasing Demand for Electricity in Different Sectors and High Presence of Key Transformer Manufacturers
Increasing Adoption of Alternate Transformer Technology such as BDV TEST and Government Regulations for Testing Transformer Oil and Environmental Policies
Fluctuating Raw Material Prices
Increasing Consumption of Electricity and Development of New Power Plants
Transformer Oil Testing is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are SGS Society Generali de Surveillance SA (Europe), Accredited Test Labs (India), Intertek Group Plc. (United Kingdom), Sigma Test & Research Centre (India), Motwane Manufacturing Company Pvt. Ltd (India), ALS Global (Australia), Bureau Veritas (Europe), Gelab (United States), Kinectrics (Canada) and Oil Sampling Co.Uk. (United Kingdom). Considering Market by Types of Transformer Oil, the sub-segment i.e. Paraffin-Based Transformer Oil will boost the Transformer Oil Testing market. Considering Market by Type of Oil Testing, the sub-segment i.e. Screen Tests will boost the Transformer Oil Testing market.
Latest Market Insights:
In January 2021, ALS acquired New Jersey-based Blender. New Jersey-based blender American Oil & Supply International LLC in a transaction described as expanding the former's product range and geographical reach. Expanded global geographic reach, and specialty product lines, and inherit numerous unique customer relationships.
In August 2022, Bureau Veritas, a global leader in testing, inspection, and certification services, launched its proprietary Lubricant Analysis Management System (LOAMSSM) software at the Dubai Institute for Oil Condition Monitoring. The launch of the LOAMS platform confirms our commitment to customer support. Lubricants and oil analysis services are required.
What Can be Explored with the Transformer Oil Testing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Transformer Oil Testing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Transformer Oil Testing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Transformer Oil Testing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Transformer Oil Testing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Transformer Oil Testing Manufacturers, Regulatory Bodies and Research and Development (R&D) companies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.