MARKET INTRODUCTION
Dielectric fluids are materials used in the electrical industry in medium to high voltage applications such as transformers, capacitors, high voltage switchgear, and high voltage cables. They are mainly used in these applications to provide electrical insulation, to subdue electric arc and corona discharge, and also serve as a coolant. An ideal dielectric fluid possesses properties such as high dielectric strength, high thermal stability, better heat transfer properties, non-flammability, inertness, low toxicity, and low cost.
MARKET DYNAMICS
The burgeoning electricity consumption across the globe has been a major factor behind the robust growth witnessed by the energy and power distribution industry. The expansion of energy grids and growing reliance on electricity across developing regions of Africa, Asia, and Latin America have fuelled the demand for distribution transformers and subsequently given an impetus to the dielectric fluids. The electrification of rural and underdeveloped areas in these regions is expected to create significant opportunities for the dielectric fluids manufacturers. The steadily increasing consumption of dielectric fluids used in traction transformers in tram-trains, railways, locomotives, etc. is projected to have a cascading effect on the growth of the dielectric fluids demand. Furthermore, the prevalent uses of dielectric fluids in electrical discharge machines (EDMs) widely employed in various manufacturing facilities have led to substantial consumption of dielectric fluids. The replacement of old dielectric fluids during maintenance and rework is also expected to further augment the demand for dielectric fluids.
MARKET SCOPE
The "Global Dielectric Fluids Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dielectric fluids market with detailed market segmentation by type, application, and geography. The global dielectric fluids market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading dielectric fluids market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global dielectric fluids market is segmented on the basis of type and application. On the basis of type, the dielectric fluids market is segmented into, water based, hydrocarbon oil based, and gas based. On the basis of application, the market is bifurcated into, windmill transformers, traction transformers, electrical discharge machining (edm), capacitors, off-shore transformers, distribution transformers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global dielectric fluids market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The dielectric fluids market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the dielectric fluids market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dielectric fluids market in these regions.
MARKET PLAYERS
The reports cover key developments in the dielectric fluids market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from dielectric fluids market are anticipated to lucrative growth opportunities in the future with the rising demand for dielectric fluids in the global market. Below mentioned is the list of few companies engaged in the dielectric fluids market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dielectric fluids market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Cargill, Incorporated
- Engineered Fluids
- Green Revolution Cooling, Inc.
- M&I Materials Ltd.
- NYCO
- Repsol S.A.
- Shrieve Chemical Company
- Soltex Inc.
- Solvay SA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.