The global bio-based transformer oil market is segmented by utility:-power transformer, distribution transformer, circuit breakers, others; by type:-jatropha oil, karanj oil, others; by end-user:-industrial, commercial, residentialand by regions. Bio-based transformer oil market is anticipated to mask a significant CAGR of 6.1% during the forecast period i.e. At present the global bio-based transformer oil market is observing vibrant growth owing to increasing demand of power in various industries as well as residential sector. As a fueling agent to the power generation industry, North America is panned to observe substantial Bio-Based Transformer Oil Market growth due to rising bio-based transformer oil usage for environmental concerns as well as stringent government regulation for energy production industries. Growing Environmental AwarenessThe demand for bio-based transformer market is anticipated to increase on account of rising demand for renewable sources of energy across the globe.

Source: The North Africa Journal August 07, 2020 13:52 UTC