Bio-based Transformer Oil Market Size

Bio-based Transformer Oil Market size was valued at USD 77.58 million in 2024 and is expected to reach USD 159.49 million by 2037, registering around 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bio-based transformer oil is evaluated at USD 81.12 million. The market growth increasing modernization in the transformer for the production of electricity, followed by the surging adoption of transformers across the globe. As per recent data, the demand for electricity across the globe is expected to rise by 56 % by the end of 2050.

Bio-based transformer oil is biodegradable and has a greater environmental benefit as compared to traditional transformers. In addition, by reducing the carbon footprint from the transformers, manufacturers of consumer goods can improve their brand image. The growth of the bio based transformer oil industry is thus driven by the growing awareness related to biodegradable products.