Global Transformer Oil Market: Rising Need for Power to Drive Growth, Says TMR
According to a new research study by Transparency Market Research (TMR), the global market for transformer oil is consolidated in nature. The top five companies, namely, ExxonMobil, Shell, Nynas AB, and Sinopec held more than 45% of the overall market in 2015. The leading players are focused on developing novel, eco-friendly, and safe bio-based transformer oil at competitive price in a bid to strengthen their positions in this market over the next few years.
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