Key vendors to benefit from the increased focus on emission-free sources of energy.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global turbine oil market in their latest research report. This report also lists eight other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for turbine oil is highly competitive in nature. Vendors in the market space compete on the basis of price, quality, and market presence. The increasing emphasis given to emission-free sources of power generation such as gas and hydropower across the globe is anticipated to fuel further growth of the global turbine oil market during the forecast period. The competitive market scenario in this market differs between mineral oil-based lubricants and synthetic oil-based lubricants.
According to Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on oil and gas, “The market space is characterized by the presence of well-diversified international and regional vendors. In developed and developing countries, the market is dominated by regional players, which in turn intensifies the competition.”
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Top five vendors in the turbine oil market space
Castrol
Castrol is engaged in manufacturing, distribution, and marketing of lubricant oils, greases, and other related products for most of the lubricant applications. It provides lubricants for domestic, commercial, and industrial sectors.
Key products: Perfecto T 32, Perfecto T 46, Perfecto T 68, Perfecto T 100, AeroShell Ascender, AeroShell Turbine Oil 560, and AeroShell Turbine Oil 500
Chevron
Chevron engages in the exploration, production, transportation, and refining of crude oil and natural gas. The company markets and sells transportation fuels, lubricants, and petrochemical products; generates power and geothermal energy; and develops energy resources such as biofuels.
Key products: GST Premium 32, GST 2300, GST Oil, Regal SGT 22, and Regal R&O.
ExxonMobil
ExxonMobil is one of the leading players in the global petroleum and petrochemical market. It is one of the largest refiners and base stock manufacturers worldwide. The company is involved in the production of fuels, chemicals, and lubricants.
Key products: Mobil DTE 700 series (Mobil DTE 732, Mobil DTE 746, Mobil DTE 768).
Royal Dutch Shell
Royal Dutch Shell is engaged in the exploration, development, and extraction; manufacturing and energy production; and transport and trading of oil and gas.
Key products: Shell Turbo Oil T 32, Shell Turbo Oil T 46, Shell Turbo Oil T 68, Shell Turbo T 100, Shell Turbo Oil CC 32, Shell Turbo Oil CC 46, Shell Turbo Oil J 32, Shell Turbo Oil GT 32, AeroShell Ascender, AeroShell Turbine Oil 560, and AeroShell Turbine Oil 500.
Valvoline
Valvoline is leading in global production, distribution, and marketing of high-quality lubricants and is specialized in the manufacturing of products for automotive, industrial, and commercial solutions. It offers services, products, and programs that improve performance, maintenance, and reduce the overall cost of ownership for businesses.
Key products: Valvoline Turbine Oil 78.
A more detailed analysis is available in the Technavio report, Global Turbine Oil Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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