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Turbine oil lubricants are used in the power generation, manufacturing, and mobility industries to address the specific needs of turbine machineries. These lubricants are formulated and are specifically made for power generation turbines. Steam, gas, and hydropower power generation turbines use lubricant oils known as R&O (rust and oxidation inhibited oils). Turbine equipment characteristics such as operating cycles, geometry, operating temperatures, maintenance practices, and the potential for system contamination present specific lubricating oil demands. Turbine oils are formulated in such a way that they shed water and allow solid waste particles to settle so that they can be removed later. Most turbine oils are formulated with high levels of detergents or dispersants that can clean and carry away all the contaminants. As turbine oils are not exposed to any soot or fuel, they do not have to be replaced and drained at frequent levels.
Scope of the Report:
This report focuses on the Turbine Oils in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
In the past few years, there have been increasing concerns pertaining to reduction of carbon emissions, as a result, lubricant end users are preferring use of environmentally friendly turbine oils over that of conventional metalworking fluids. The trend is expected to continue in the future years. Besides, rising demand for electricity in regions across the globe, has resulted in increasing need for installation of new gas, steam and hydroelectric power turbines. Also, increasingly stringent regulations pertaining to carbon emissions are being implemented by various countries across the globe. These demand higher performance of turbines, which has been translating into rising demand for turbine oils from heavy engineering industry. Also, major manufacturers of turbines, such as General Electric and Siemens, have been investing substantially in the development of advanced turbines, which is expected to, in turn, drive the demand for turbine oils.
APAC accounted for the majority market share during 2017 and is expected to continue to dominate the market in the coming years. The turbine oil market is experiencing a high demand for power generation in Southeast Asia and Australia regions, which will boost the number of installation of steam turbines. The market is also experiencing a rise in demand for gas turbine power generation. Furthermore, these power plants will require turbine oils for maintenance of their turbine operations, which, in turn, will propel the rate of revenue generation in the motorcycle oil market.
The worldwide market for Turbine Oils is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Chevron Lubricants
Shell
Exxon Mobil
Sinopec
Eastman Chemical
Lubrizol
Exol Lubricants
LUKOIL
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Mineral Oil-Based Turbine Oils
Synthetic Oil-Based Turbine Oils
Market Segment by Applications, can be divided into
Steam Turbines
Gas Turbines
Wind Turbines
Hydroelectric Turbines
There are 15 Chapters to deeply display the global Turbine Oils market.
Chapter 1, to describe Turbine Oils Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Turbine Oils, with sales, revenue, and price of Turbine Oils, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Turbine Oils, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Turbine Oils market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Turbine Oils sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Market Overview
1.1 Turbine Oils Introduction
1.2 Market Analysis by Type
1.2.1 Mineral Oil-Based Turbine Oils
1.2.2 Synthetic Oil-Based Turbine Oils
1.3 Market Analysis by Applications
1.3.1 Steam Turbines
1.3.2 Gas Turbines
1.3.3 Wind Turbines
1.3.4 Hydroelectric Turbines
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2013-2023)
1.4.1.2 Canada Market States and Outlook (2013-2023)
1.4.1.3 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2013-2023)
1.4.2.2 France Market States and Outlook (2013-2023)
1.4.2.3 UK Market States and Outlook (2013-2023)
1.4.2.4 Russia Market States and Outlook (2013-2023)
1.4.2.5 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2013-2023)
1.4.3.2 Japan Market States and Outlook (2013-2023)
1.4.3.3 Korea Market States and Outlook (2013-2023)
1.4.3.4 India Market States and Outlook (2013-2023)
1.4.3.5 Southeast Asia Market States and Outlook (2013-2023)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2013-2023)
1.4.4.2 Egypt Market States and Outlook (2013-2023)
1.4.4.3 Saudi Arabia Market States and Outlook (2013-2023)
1.4.4.4 South Africa Market States and Outlook (2013-2023)
1.4.4.5 Nigeria Market States and Outlook (2013-2023)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Chevron Lubricants
2.1.1 Business Overview
2.1.2 Turbine Oils Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Chevron Lubricants Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.2 Shell
2.2.1 Business Overview
2.2.2 Turbine Oils Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Shell Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.3 Exxon Mobil
2.3.1 Business Overview
2.3.2 Turbine Oils Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Exxon Mobil Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.4 Sinopec
2.4.1 Business Overview
2.4.2 Turbine Oils Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Sinopec Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.5 Eastman Chemical
2.5.1 Business Overview
2.5.2 Turbine Oils Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Eastman Chemical Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.6 Lubrizol
2.6.1 Business Overview
2.6.2 Turbine Oils Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Lubrizol Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.7 Exol Lubricants
2.7.1 Business Overview
2.7.2 Turbine Oils Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 Exol Lubricants Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.8 LUKOIL
2.8.1 Business Overview
2.8.2 Turbine Oils Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 LUKOIL Turbine Oils Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Turbine Oils Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
3.1 Global Turbine Oils Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Turbine Oils Revenue and Market Share by Manufacturer (2016-2017)
3.3 Market Concentration Rate
3.3.1 Top 3 Turbine Oils Manufacturer Market Share in 2017
3.3.2 Top 6 Turbine Oils Manufacturer Market Share in 2017
3.4 Market Competition Trend
4 Global Turbine Oils Market Analysis by Regions
4.1 Global Turbine Oils Sales, Revenue and Market Share by Regions
4.1.1 Global Turbine Oils Sales and Market Share by Regions (2013-2018)
4.1.2 Global Turbine Oils Revenue and Market Share by Regions (2013-2018)
4.2 North America Turbine Oils Sales and Growth Rate (2013-2018)
4.3 Europe Turbine Oils Sales and Growth Rate (2013-2018)
4.4 Asia-Pacific Turbine Oils Sales and Growth Rate (2013-2018)
4.5 South America Turbine Oils Sales and Growth Rate (2013-2018)
4.6 Middle East and Africa Turbine Oils Sales and Growth Rate (2013-2018)
5 North America Turbine Oils by Countries
5.1 North America Turbine Oils Sales, Revenue and Market Share by Countries
5.1.1 North America Turbine Oils Sales and Market Share by Countries (2013-2018)
5.1.2 North America Turbine Oils Revenue and Market Share by Countries (2013-2018)
5.2 United States Turbine Oils Sales and Growth Rate (2013-2018)
5.3 Canada Turbine Oils Sales and Growth Rate (2013-2018)
5.4 Mexico Turbine Oils Sales and Growth Rate (2013-2018)
6 Europe Turbine Oils by Countries
6.1 Europe Turbine Oils Sales, Revenue and Market Share by Countries
6.1.1 Europe Turbine Oils Sales and Market Share by Countries (2013-2018)
6.1.2 Europe Turbine Oils Revenue and Market Share by Countries (2013-2018)
6.2 Germany Turbine Oils Sales and Growth Rate (2013-2018)
6.3 UK Turbine Oils Sales and Growth Rate (2013-2018)
6.4 France Turbine Oils Sales and Growth Rate (2013-2018)
6.5 Russia Turbine Oils Sales and Growth Rate (2013-2018)
6.6 Italy Turbine Oils Sales and Growth Rate (2013-2018)
7 Asia-Pacific Turbine Oils by Countries
7.1 Asia-Pacific Turbine Oils Sales, Revenue and Market Share by Countries
7.1.1 Asia-Pacific Turbine Oils Sales and Market Share by Countries (2013-2018)
7.1.2 Asia-Pacific Turbine Oils Revenue and Market Share by Countries (2013-2018)
7.2 China Turbine Oils Sales and Growth Rate (2013-2018)
7.3 Japan Turbine Oils Sales and Growth Rate (2013-2018)
7.4 Korea Turbine Oils Sales and Growth Rate (2013-2018)
7.5 India Turbine Oils Sales and Growth Rate (2013-2018)
7.6 Southeast Asia Turbine Oils Sales and Growth Rate (2013-2018)
8 South America Turbine Oils by Countries
8.1 South America Turbine Oils Sales, Revenue and Market Share by Countries
8.1.1 South America Turbine Oils Sales and Market Share by Countries (2013-2018)
8.1.2 South America Turbine Oils Revenue and Market Share by Countries (2013-2018)
8.2 Brazil Turbine Oils Sales and Growth Rate (2013-2018)
8.3 Argentina Turbine Oils Sales and Growth Rate (2013-2018)
8.4 Colombia Turbine Oils Sales and Growth Rate (2013-2018)
9 Middle East and Africa Turbine Oils by Countries
9.1 Middle East and Africa Turbine Oils Sales, Revenue and Market Share by Countries
9.1.1 Middle East and Africa Turbine Oils Sales and Market Share by Countries (2013-2018)
9.1.2 Middle East and Africa Turbine Oils Revenue and Market Share by Countries (2013-2018)
9.2 Saudi Arabia Turbine Oils Sales and Growth Rate (2013-2018)
9.3 UAE Turbine Oils Sales and Growth Rate (2013-2018)
9.4 Egypt Turbine Oils Sales and Growth Rate (2013-2018)
9.5 Nigeria Turbine Oils Sales and Growth Rate (2013-2018)
9.6 South Africa Turbine Oils Sales and Growth Rate (2013-2018)
10 Global Turbine Oils Market Segment by Type
10.1 Global Turbine Oils Sales, Revenue and Market Share by Type (2013-2018)
10.1.1 Global Turbine Oils Sales and Market Share by Type (2013-2018)
10.1.2 Global Turbine Oils Revenue and Market Share by Type (2013-2018)
10.2 Mineral Oil-Based Turbine Oils Sales Growth and Price
10.2.1 Global Mineral Oil-Based Turbine Oils Sales Growth (2013-2018)
10.2.2 Global Mineral Oil-Based Turbine Oils Price (2013-2018)
10.3 Synthetic Oil-Based Turbine Oils Sales Growth and Price
10.3.1 Global Synthetic Oil-Based Turbine Oils Sales Growth (2013-2018)
10.3.2 Global Synthetic Oil-Based Turbine Oils Price (2013-2018)
11 Global Turbine Oils Market Segment by Application
11.1 Global Turbine Oils Sales Market Share by Application (2013-2018)
11.2 Steam Turbines Sales Growth (2013-2018)
11.3 Gas Turbines Sales Growth (2013-2018)
11.4 Wind Turbines Sales Growth (2013-2018)
11.5 Hydroelectric Turbines Sales Growth (2013-2018)
12 Turbine Oils Market Forecast (2018-2023)
12.1 Global Turbine Oils Sales, Revenue and Growth Rate (2018-2023)
12.2 Turbine Oils Market Forecast by Regions (2018-2023)
12.2.1 North America Turbine Oils Market Forecast (2018-2023)
12.2.2 Europe Turbine Oils Market Forecast (2018-2023)
12.2.3 Asia-Pacific Turbine Oils Market Forecast (2018-2023)
12.2.4 South America Turbine Oils Market Forecast (2018-2023)
12.2.5 Middle East and Africa Turbine Oils Market Forecast (2018-2023)
12.3 Turbine Oils Market Forecast by Type (2018-2023)
12.3.1 Global Turbine Oils Sales Forecast by Type (2018-2023)
12.3.2 Global Turbine Oils Market Share Forecast by Type (2018-2023)
12.4 Turbine Oils Market Forecast by Application (2018-2023)
12.4.1 Global Turbine Oils Sales Forecast by Application (2018-2023)
12.4.2 Global Turbine Oils Market Share Forecast by Application (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.1.3 Marketing Channel Future Trend
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
List of Tables and Figures
Figure Turbine Oils Picture
Table Product Specifications of Turbine Oils
Figure Global Sales Market Share of Turbine Oils by Types in 2017
Table Turbine Oils T
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