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Join date: Dec 20, 2021

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The global transformer oil market is projected to reach USD 3.3 billion by 2030 from an estimated market size of USD 1.9 billion in 2021, at a CAGR of 6.5% during the forecast period. The factors driving the growth for transformer oil are the expansion of electric grids in developing countries along with the modernization of electric grids in the developed economies due to growing industrialization and urbanization. The estimated investment in T&D systems in 2020 was around USD 250 billion and is expected to grow at a CAGR of 4.15% to reach an investment of ~USD 386 billion by 2030. Asia leads the T&D investment in 2020 by accounting for about 44.5% of the global investment in the T & D system.

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