Dielectric Fluids Market
Dielectric Fluids Market Analysis By Type (Water-based, Hydrocarbon Oil-based, Gas-based), By Application (Windmill Transformers, Traction Transformers, Electrical Discharge Machining (EDM), Capacitors, Distribution Transformers), By Region - Global Market Insights 2022 to 2032
Analysis of Dielectric Fluids market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Dielectric Fluids Market Outlook (2022 to 2032)
On a global level, consumption of dielectric fluids is projected to increase at a CAGR of 7.2% through 2032. At present, the global dielectric fluids market is valued at US$ 5.2 billion and is anticipated to surge to US$ 10.48 billion by the end of 2032.
Rising demand for clean fuels and expansion of energy generation and distribution infrastructure are expected to supplement dielectric fluids market growth over the coming years as these fluids are crucial in ensuring the proper functioning of transformers and capacitors.
| Report Attribute | Detail |
|---|---|
| Dielectric Fluids Market Size (2022E) | US$ 5.2 Billion |
| Forecasted Market Value (2032F) | US$ 10.48 Billion |
| Global Market Growth Rate (2022 to 2032) | 7.2% CAGR |
| North America Market Share (2022) | 26.5% |
| Europe Market Share (2022) | 31.4% |
| Key Companies Profiled | Cargill Incorporated; 3M Company; PROLEC GE; Shell; DuPont; Repsol S.A.; Shrieve Chemical Company; M&I Materials Ltd.; NYCO; Soltex Inc. D. |
Dielectric Fluid Demand Analysis (2017 to 2021) in Comparison to Market Forecasts (2022 to 2032)
Dielectric fluids are used in high voltage applications as insulators to prevent electrical discharges. Dielectric oils and other electrical insulating fluids are used in transformers to minimize transmission losses, provide electrical insulation, cooling, etc.
Dielectric fluids have low viscosity, rapid heat dissipation, excellent electrical insulation, oxidation resistance, high flash point, and other characteristic features that make them highly preferred in several applications.
Increasing focus on clean energy and establishment of renewable energy generation plants is expected to promote the establishment of new energy infrastructure and drive the demand for new energy components and utilities which subsequently drives shipments of dielectric fluids.
Rising demand for electricity, increasing investments in the energy sector, technological advancements, expansion of the aviation industry, and rising use of EDMs (Electric Discharge Machines) are projected to be other factors that favor dielectric fluids market growth across the forecast period.
Worldwide dielectric fluid sales are projected to increase at a CAGR of 7.2% from 2022 to 2032.
What Market Factors are Complementing Dielectric Fluids Sales?
“Rising Demand for Clean Energy across the World”
Focus on sustainability has increased exponentially over the past few years and this trend is projected to drive demand for dielectric fluids that are eco-friendly. Increasing demand for clean energy is also driving power generation activities via renewable resources and this is expected to provide new opportunities for dielectric fluid suppliers as energy infrastructure expands.
Dielectric oils, dielectric fluids, dielectric coolants, and dielectric hydraulic fluids are some of the products that are expected to be high in demand across the forecast period.
“Increasing Use of Electrical Discharge Machines (EDMs)”
Electrical discharge machines (EDMs) are being widely used in several industries for metal removal and other applications. These EDMs operate by utilizing a series of sparks and hence utilize EDM dielectric fluids to ensure smooth operation.
Demand for EDMs is increasing rapidly in aerospace and defence manufacturing and this is expected to propel the consumption of EDM dielectric fluids over the years to come.
How Can New Market Players Create a Market Presence for Themselves?
“New Dielectric Fluid Companies Can Focus on Sustainability”
- In July 2022, Enel SpA, an Italian electricity manufacturer and distributor, developed a new low-carbon transformer that is compliant with the new sustainability trend. The new transformer has been developed in partnership with Hitachi Energy. This new transformer uses biodegradable vegetable oil for insulation. These transformers are expected to be highly popular in new carbon-free networks.
Start-ups can focus on the development of such new sustainable solutions for changing energy infrastructure needs. Biodegradable dielectric fluids are expected to be the prime focus for new companies in the global dielectric fluids market as focus on sustainability bolsters.
Dielectric coolants, dielectric oils, dielectric hydraulic oils, dielectric heat transfer liquids, and mineral oil dielectric fluids are anticipated to witness high demand throughout the forecast period.
What is the Regional Outlook for the Dielectric Fluids Industry?
“Europe & Asia Pacific to Witness High Demand for Dielectric Fluids”
Europe dielectric fluids market stands at a significant market share of 31.4% in 2022 and accounts for a revenue total of US$ 1.63 billion. Increasing aerospace and defence manufacturing activities are expected to lead dielectric fluid demand in this region. Germany, France, and the United Kingdom are expected to be prominent markets in this region.
Rapid industrialization in the Asia Pacific region is expected to singlehandedly drive dielectric fluid shipments in this region. Supportive government initiatives to promote automotive and industrial manufacturing activities are projected to drive sales of dielectric coolants, dielectric heat transfer fluids, EDM oils, vehicle lubricants, etc.
The dielectric fluids market in China currently accounts for a valuation of US$ 255.1 million and holds a market share of 4.9% in the global landscape. Increasing industrial activity and supportive government initiatives are expected to promote the dielectric fluids market in the country over the forecast period.
North America dielectric fluids market accounts for a significant market share of 26.5% at present and accounts for a total valuation of US$ 1.37 billion.
This latest dielectric fluids market study by Fact.MR, a market research and competitive intelligence provider has a detailed regional assessment of all the major regions in the world.
Competitive Landscape
Dielectric fluid manufacturers are focusing on launching new products to expand their product portfolio and advance their revenue generation potential.
- In January 2022, FUCHS, a German lubricant manufacturer, announced the launch of three compounds that are designed specifically for immersion cooling. The RENOLIN Fluids for Electronic Component Cooling (FECC) lineup has optimal heat conduction and excellent dielectric properties along with other characteristics.
Key Segments Covered in Dielectric Fluids Industry Research
-
By Type :
- Water-based Dielectric Fluids
- Hydrocarbon Oil-based Dielectric Fluids
- Gas-based Dielectric Fluids
-
By Application :
- Windmill Transformers
- Traction Transformers
- Electrical Discharge Machining (EDM)
- Capacitors
- Off-shore Transformers
- Distribution Transformers
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2033
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2033, by Type
- 9.1. Water-based Dielectric Fluids
- 9.2. Hydrocarbon Oil-based Dielectric Fluids
- 9.3. Gas-based Dielectric Fluids
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2033, by Application
- 10.1. Windmill Transformers
- 10.2. Traction Transformers
- 10.3. Electrical Discharge Machining (EDM)
- 10.4. Capacitors
- 10.5. Off-shore Transformers
- 10.6. Distribution Transformers
- 10.7. Others
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Cargill Incorporated
- 21.2. 3M Company
- 21.3. PROLEC GE
- 21.4. Shell
- 21.5. DuPont
- 21.6. Repsol S.A.
- 21.7. Shrieve Chemical Company
- 21.8. M&I Materials Ltd.
- 21.9. NYCO
- 21.10. Soltex Inc. D.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2033
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2033
Figure 08: Global Market Share Analysis (%), By Product Type, 2022 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2022 to 2033
Figure 10: Global Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2033
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2033
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2033
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2033
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2033
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2033
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2033
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2022 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
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- FAQs -
What valuation does the dielectric fluids market enjoy at present?
The global dielectric fluids market has reached a valuation of US$ 5.2 billion.
How big is the dielectric fluids market expected to be by 2032?
The market for dielectric fluids is slated to reach US$ 10.48 billion by 2032.
How will dielectric fluid demand progress through 2032?
Worldwide dielectric fluid sales are expected to rise at 7.2% CAGR through 2032.
What is the North America dielectric fluids market share?
North America holds 26.5% share of the global dielectric fluids market.
Dielectric Fluids Market