DALLAS, March 19, 2013 /PRNewswire/ -- The report "Transformer Oil Market: By Types (Mineral Oil - Naphthenic & Paraffinic, Silicone and Bio-based), Applications (Small & Large Transformers, Utility) & Geography - Global Industry Trends & Forecast to 2017", defines and segments the transformer oil market with analysis and forecasting of the global volume and revenue. Global transformer oil market is expected to grow from $1.59 billion in 2012 to $2.46 billion by 2017, with a CAGR of 9.17%. In this, mineral oil-based transformer oil is expected to occupy the major share, when compared to silicone and bio-based transformer oils for the next five years. Browse
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Buy a copy of this report @http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=967Early buyers will receive 10% customization on this report.Asia-Pacific: The largest market for transformer oils Asia-Pacific has been the largest transformer oil consumer since 2011 followed by North America, Europe, and ROW. The major transformer oil consuming countries in Asia-Pacific are China, India, and Japan. The consumption is high in these countries mainly due to the increasing economic development, rising population owing to growing electricity demand. The trend is estimated to remain the same during the forecasted period. The consumption is high in the Asia-Pacific region, mainly due to the increasing economic development, population, and electricity demand. Mineral oil based transformer oil: Extensively consumed across the globe