United Kingdom, London: Technavio has announced the top five leading vendors in their recent global transformer oil market report until 2020. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
According to Technavio, the global transformer oil market is moderately fragmented, comprising of a diverse group of international as well as regional vendors. Most vendors lack product differentiation, which has forced them to competitively price their products and services to consolidate their shares, reports Business Wire.
Also, intense competition from regional vendors that offer low-priced, customized solutions is affecting the market share of international vendors.
Readers should note that among the top five ranked transformer oil vendors mentioned in the report, Ergon has been mistakenly referred to as an Australia-based company Ergon Energy. Transformer insulating oils are offered by a USA-based company Ergon.
Source: Business Wire