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Transformer Oil Market 2018 | Projected to grow at a CAGR 8.63 % over the forecast period

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Payal Singhania
Transformer Oil Market 2018 | Projected to grow at a CAGR 8.63 % over the forecast period

Jun 05, 2018 (Heraldkeeper via COMTEX) -- Market Synopsis:

Transformer Oil an insulating oil used as a coolant in an electrical transformer, and are derived from crude oil through the fractional distillation process.

The Global Transformer Oil Market is projected to grow at a CAGR 8.63 % over the forecast period.

Some of the key vendors operating in the Global Transformer Oils Market are Nynas AB (Sweden), Ergon Inc. (U.S.), Calumet Specialty Products (U.S.), APAR Industries Limited (India), PetroChina Company (China), Sinopec Group (China), Hydrodec Group Plc.

Growing Expanse of Electrification Aided By Government Incentives Is the Prime Driver of the Market

There has been an explosive trend in electrification during the last decades.

Get more details at: https://www.marketwatch.com/press-release/transformer-oil-market-2018-projected-to-grow-at-a-cagr-863-over-the-forecast-period-2018-06-05

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Payal Singhania
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