Loading...

COVID‑19 Alert: Stay home if you feel unwell. If you have a fever, cough and difficulty breathing, seek medical attention. Follow the directions of your local health authority. Source WHO

We have a lockdown, "Working from HOME" Please reach out for any queries at: help@alliedmarketresearch.com & Int'l : +1-503-894-6022, (UK) : +44-845-528-1300

Turbine Oil Market: Global Analysis and Industry Forecast 2020–2027

A06414
Pages: NA
Jun 2020 | 66 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Turbine Oil Market: Global Analysis And Industry Forecast 2020–2027 Market

Request Now !

Turbine Oil Market Outlook - 2027

The turbine oil market is expecting significant development in emerging as well as developed countries. Turbine oil possesses water isolating properties. Conventional turbine oil is the most utilized lubricating oil, which helps to eliminate external contamination. This market for turbine oil is expected to witness significant growth during 2020–2027, registering high CAGR. Depending on end user, the flight-related industry segment exhibits a larger market size, followed by automobile segment. With the ongoing development of bio-based turbine oils, the market is expected to witness faster growth particularly in North America, Europe, the Middle East & Africa, South America, and Asia-Pacific.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2019-2027

Base year considered

2019

Forecast period

2020-2027

Forecast units

Volume (Tons)

Segments covered

Type, Application, Industry Vertical, and Region

Geographies covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, rest of Asia Pacific), and LAMEA

Companies covered

Shell India, Chevron USA Inc., Lubricants Engineers, Exxon Mobil Corporation, Alexis Oil Company, The Lubrizol Corporation, Castrol Ltd., China Petroleum & Chemical Corporation, Eastman Chemical Company, British Petroleum Plc., Lukoil Oil Company, Lubrication Engineers, and Exol Lubricants Ltd.

 

COVID-19 scenario analysis:

  • India represents about 7% of worldwide oil market. However, the global market growth is expected to decline with the outbreak of COVID-1.
  • The growth of the lubricants market is most affected in Asia-Pacific and North America due to COVID-19.
  • Despite the fact that Europe is one of the major hotspots of this pandemic, it is relied upon to observe lesser effects than North America and Asia-Pacific on account of its huge number of manufacturing industries and presence of growing fleet of vehicles. 
  • The demand for petroleum products apart from LPG and domestic natural gas is reduced.

 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

To give the unique outcomes in constantly advancing turbine structures, the manufacturers of this industry persistently work with original equipment manufacturers (OEMs) to guarantee highly calibrated product offerings.

The trends followed by the global turbine oil market

In the last few years, there has been increase in concerns pertaining to carbon emission; as a result, oil end users are shifting their inclination toward the utilization of ecologically friendly turbine oil over conventional metal working oils. This trend is anticipated toward the growth of the global market. In addition, rise in requirement for power across the globe has boosted the need for establishment of new stream, gas, and hydroelectric force turbines, which, in turn, augments the growth of the turbine oil market.

Moreover, key manufacturers of turbines, such as Siemens and General Electric, have been investing continuously in the growth of advanced turbines which is relied upon to drive the interest for turbine oils. Furthermore, surge in adoption rate of turbines has propelled the demand for turbine oils in heavy engineering industry. The growth of the global turbine oil market is further driven by rise in investment in wind energy and implementation of favorable government guidelines and policies such as Nationally Determined Contributions (NDCs), which boost the demand for renewable energy, globally.

However, the major challenge for turbine oil market is increased usage of gas turbine lubricants, which has superior properties and offer continued performance even at elevated temperature. This is attributed to the fact that machineries with superior thermal stability and oxidation resistance operate in severe operating conditions.  

Key segments covered

Segment

Sub segment

Type

  • Mineral Lubricants
  • Paraffinic Oils
  • Naphthenic Oils
  • Aromatic Oils
  • Synthetic Lubricants
  • Engine Oils
  • Motor Oils
  • Bio-based Lubricants

Application

  • Power Generation
  • Gear
  • Turbochargers
  • Hydraulic Systems
  • Marine Engines
  • Excavators
  • Others

Industry Vertical

  • Aviation
  • Automotive
  • Marine
  • Energy & Power
  • Mining
  • Industrial

 

Key benefit of the report:

  • This study presents the analytical depiction of the global turbine oil market along with the current trends and future estimation to determine the imminent investment pockets.
  • The report presents information related to opportunities, drivers, and restraints along with detailed analysis of the global turbine oil market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlights the global turbine oil market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global turbine oil research report:

  • What are the leading market players active in the global turbine oil market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

 

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 

PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, Subscription @ $699 T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Turbine Oil Market: Global Analysis and Industry Forecast 2020–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $0.00
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. Subscription @ $699 T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts