Presence of the high-power consuming countries such as China, Japan, and India to contribute toward the growth of the transformer oil market share in the region
The Transformer Oil Market was at US$ 2.5 Billion in 2021 and is growing to approx US$ 3.8 Billion by 2030, with a CAGR growth of 7% between 2022 and 2030.
As per the report published by The Brainy Insights, the global transformer oil market is expected to grow from USD 2.23 billion in 2022 to USD 3.67 billion by