Turbine Drip Oil Market Size, Share & Industry Analysis, By Grade ( Traditional, Premium ), By End-User ( Oil & Gas, Power, Water Utility, Agriculture, Others ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104025 | Status : Ongoing

KEY MARKET INSIGHTS

Turbine drip oil is a mineral-based lubricant used to lubricate bearings found in vertical shaft driven well turbine pumps. It has an excellent viscosity index, which makes it useful in high-temperature applications. Drip oil premium is ultra-refined, ultra-clear Group 2 base oil. It does not contain any harmful additives that may contaminate underground water supplies. The very high viscosity index minimizes changes in viscosity due to temperature variations. This results in a consistent flow of lubrication. Turbine drip oil is used in several applications such as irrigation pumps, deep well turbine pumps, and in the utility industry.

The global turbine drip oil market is classified into grade and end-user. The grade segment is further divided into traditional and premium. Premium turbine drip oil is a highly refined lubricant that is suitable for irrigation and deep well turbine pumps. Turbine drip oil is used in several industries such as oil & gas, power, water utility, agriculture, and others.

Mineral-based lubricants provide a higher quality of solubility when used with additives. They do not pose any risk to the environment will increase the demand for turbine drip oil in the market. Moreover, turbine drip oil is less expensive as compared to synthetic oil, which broadens up growth opportunities that drive the market.

Oil & gas industry going through a tough phase due to the coronavirus outbreak, which stalled all the economic activity around the world. The uncertainties surrounding due to the spread of virus deterring investors which likely to impede the growth.

Key Market Driver -

Rising uptake of mineral based lubricants

Key Market Restraint -

Uncertainties looming over subdued economic activity due to pandemic outbreak

Key Players Covered:

Some of the major producers of turbine drip oil are Chevron, CHS Inc., Mystik Lubricants, Royal Mfg Co., Sinclair Oil Corporation, Texas Refinery Corp, and United Lubricants.

Regional Analysis:

The turbine drip oil market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The majority of the turbine drip oil is used in the hydrocarbon and power industry. North America shows slight growth in the expansion of the turbine drip oil market. A substantial investment in small hydropower plants and thermal power plants likely to provide impetus to the market. Asia Pacific is projected to dominate the market owing to extensive investment by emerging economies such as India and China in power plants to enhance electricity supply. Europe and Latin America are gaining traction owing to the adoption of bio-based lubricants in oil & gas as well as the utility industry.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTES	DETAILS
By Grade	Traditional Premium
By End-User	Oil & Gas Power Water Utility Agriculture Others
By Geography	North America (USA and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

In July 2018, Davis & Shirtliff launched irrigation segment for its all branches in Kenya’s 24 counties in a bid to make their products more accessible to customers. The launch of new business segment makes commercial and agricultural irrigation equipment’s readily accessible to farmers. The product range include controllers, valves, pop ups sprinklers, drip line systems and centre pivots.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Energy & Power Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]