The silicone-based transformer oil market size is set to cross USD 1.26 billion by 2034 from USD 635.16 million in 2024, with a projected CAGR exceeding 7.1% from 2025 to 2034.

The silicone based transformer oil market is poised to reach USD 1.26 billion by 2034, growing at over 7.1% CAGR between 2025 and 2034, according to a report by Fundamental Business Insights and Consulting. The market growth is driven by its superior properties, including excellent thermal stability, electrical insulation, and resistance to oxidation. These oils are increasingly being adopted as an alternative to traditional mineral oils in transformers. The need for more efficient and long-lasting electrical equipment is driving the demand for high-performance insulating oils, especially in critical power applications.
With the growing concerns over environmental impact, silicone oils are favored due to their biodegradable nature and lower environmental footprint, making them a preferred choice in eco-cons