Dielectric Fluid Market: Overview

  • A dielectric fluid can be defined as a dielectric material in liquid state. Its key purpose is to prevent or rapidly quench electric discharges.
  • Dielectric liquids are employed as electric insulators in high-voltage applications, for example, capacitors, transformers, high-voltage cables, and high-voltage switchgears
  • Dielectric fluids are also used in different liquid-filled electric equipment to attain biodegradability, fire safety, oxygen stability, and high performance over a wide range of temperatures
  • A dielectric fluid can be used in the wire electrical discharge machining (EDM) process, as it can act as a semiconductor placed between the energized wire and the work piece to maintain stable and controlled conditions for ionization in the spark gap
  • A dielectric fluid performs several key functions in the EDM process. It cools heated surfaces of electrodes and exerts counter pressure onto the expanding plasma channel. Moreover, the fluid isolates the tool electrode from the work piece electrode for achieving high current density in the plasma channel.

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Key Drivers of Global Dielectric Fluid Market

  • A major driving factor for the global dielectric fluid market is increasing use of transformers in various applications such as residential, commercial, and industrial. Moreover, in order to reduce short circuit and transmission losses during high-voltage transmission, liquid-immersed transformers are used. These transformers have mineral oil as an electric insulating medium.
  • Rise in the demand for clean fuels and limited availability of naturally occurring uranium are expected to boost the demand for dielectric fluid across the globe
  • Growth of the global aviation industry can also be considered a driver of the global dielectric fluid market, as dielectric fluid is used in the  manufacture of several aerospace components
  • Rising scope for use of dielectric fluid in the tool & die industry, the mold industry, regulators, hardware, and valves is expected to drive the global dielectric fluid market during the forecast period
  • In the recent years, owing to several benefits of dielectric fluid such as low viscosity, rapid heat dissipation, high flash point, and oxidation resistance, the global market for dielectric fluid has expanded and the trend is anticipated to continue throughout the forecast period

Key Developments and Policies

  • According to an article published in Automotive News Europe in October 2019, Shell had plans to introduce a hydrocarbon fluid
  • In April 2018, Cargill presented its Envirotemp range of dielectric fluids at the 2018 IEEE PES T&D Expo. The Envirotemp FR3 fluid is a natural ester derived from renewable vegetable oils, which provides improved fire safety, long transformer life, and environmental benefits.
  • In February 2017, Prolec GE developed VG-100 as a part of its efforts to expand its portfolio of eco-friendly products. VG-100 is a natural ester fluid made from soy seeds, which can be safely used in electric transformers. This patented dielectric fluid is 100% biodegradable, completely natural and non-toxic, and free from any additives or toxic compounds.

Asia Pacific to be a Key Market for Dielectric Fluid

  • In terms of region, the global dielectric fluid market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to be a key market for dielectric fluid during the forecast period. Rapid industrialization led by the government support for growth of automotive and electrical industries is driving the market in the region. Moreover, continuously growing population in the region and increased interest of people in owning a vehicle are augmenting the use of dielectric fluid in Asia Pacific.
  • In Europe, growth of the aerospace & defense industry is driving the dielectric fluid market in the region
  • In Latin America, the automotive industry in major countries such as Brazil and Mexico is witnessing significant growth. The industry uses dielectric fluid as a lubricant and for cooling of fan assemblies in automobiles. This factor is driving the dielectric fluid market in the region.

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Key Players in Global Ma Dielectric Fluid Market

Key players operating in the global dielectric fluid market are:

  • 3M Company
  • DuPont
  • Cargill, Incorporated
  • PROLEC GE
  • M&I Materials Ltd.
  • NYCO
  • Repsol S.A.
  • Shrieve Chemical Company
  • Soltex Inc. D.
  • Shell

Global Dielectric Fluid Market: Research Scope

Global Dielectric Fluid Market, by Type

  • Hydrocarbons
  • Fluorocarbons

Global Dielectric Fluid Market, by Application

  • Single-phase
  • Two-phase

Global Dielectric Fluid Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Finland
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Dielectric Fluid Market

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