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Global Automatic Lubrication System Market Business Growth and Development Strategies By 2025 - Key Players are Graco, Groeneveld Lubrication Solutions, SKF Group, The Timken Company, ATS Electro-Lube Intl Inc., Dropsa spa, Chicago Oil & Lube Corporation
Press release from: Data Bridge Market Research
The global automatic lubrication system market is expected to reach USD 1056.04 million by 2025 from USD 740.5 million in 2017 and is projected to grow at a CAGR of 4.4% in the forecast period of 2018 to 2025.
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The Global Automatic Lubrication System market overview section of the report demonstrates the market dynamics such as the drivers, restraints, opportunities, trends that is expected to influence the current nature and future status of this market. Key indicators mentioned in the report, provide a robust view about the vital factors that led to the strong adoption of control valves around the globe. The key indicators also provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the Global Automatic Lubrication System Market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market.
Major market drivers and restraints
• Effective lubrication with automatic lubrication systems.
• Increasing focus on worker safety.
• Lack of awareness among end-user industries in developing countries.
• Impact of weather conditions on lubricant performance.
The Automatic Lubrication System is used to distribute the right amount of oil and grease into the lubricants points at the perfect time intervals when the system is in actions. Mostly automatic lubrication system reduces the time intervals, delivers worker safety and maintenance free. The automatic lubrication system is used to deliver the better remote sensing technology applications in most of the end user industry. The automatic lubrication system improved the equipment reliability, ease of installation, reduce costly downtime and eliminate lubricant-related failures. It protects from the premature replacement of machinery and parts reduce lubricant consumption and generate less waste. It is used in industrial and automotive, pulp & paper industry, mining industry, cement industry, and steel industry applications.
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Drivers: Global Automatic Lubrication System Market
FASTER OPERATION THAN MANUAL LUBRICATION SYSTEMS
• Lubrication is a crucial part of machinery maintenance for approximately every single production facility. Usually, lubricant buying amount is only 3% of the maintenance budget, but lubrication-related actions influences about 40% of over-all maintenance costs. In order to achieve the ideal consistency and better benefits from a lubrication system, numerous factors need are taken into consideration such as applying right method, at the prefect time, and also maintaining right quantity, selection of right lubricant, and right point of time.
• In manual lubrication systems, the lubrication method is cheapest and needs the minimum equipment as it need just a grease gun. The manual lubrication can be operative, but it is by far the toughest technique to get right and hence the most vulnerable to human error and occurrence machinery failure. The manual lubrication is often carried out on a time-schedule, to fit in with the maintenance team’s busy work schedule. All the manual lubrication system can be swapped to automatic lubrication system whereas it reduces the time interval, maintenance free and it is mostly preferable in Europe region as it’s the leading and dominating automatic lubrication system market.
EFFECTIVE LUBRICATION WITH AUTOMATIC LUBRICATION SYSTEMS
• The rapid industrialization has arisen with the requirement of stable power supply with automated lubrication system. The automated lubrication system provides demand-sensitive pricing strategies with emphasis on effective human error. As the demand of automated lubrication systems is rising, this in turn has enhanced the demand for greases and oils. Most of the industries had grasped automated lubrication systems for satisfying their end user requirements.
• Dependability is a progressively common attention for maintenance professionals. From construction to food and beverage, every end user industry has a robust longing to get the maximum out of each resource and every section of equipment. One of the most overlooked opportunities to develop on an existing program is in the lubrication system procedure from the design of the system to the selection and procedure of the equipment, to a proper maintenance program.
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Company profiled in this report based on Business overview, financial data, Product landscape, and Strategic outlook & porters five analyses
• Asia Pacific (China, South Korea, Japan, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific).
• North America (US, Canada, Mexico).
• Europe (Russia, Turkey, Belgium, Netherlands, Switzerland, Spain, France, Germany, Italy, UK, Rest of Europe.
• South America (Brazil, Argentina, Rest of South America).
• Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa).
Based on lubrication type,
• grease-based lubrication system and
• oil-based lubrication system
Based on system,
• single-line lubrication system,
• dual-line lubrication system,
• multi-line lubrication system,
• series progressive lubrication system,
• circulating oil lubrication system,
• oil and air lubrication system
Based on industry
• paper & printing,
Companies covered in global automatic lubrication system market
• SKF Group,
• The Timken Company,
• Groeneveld Lubrication Solutions,
• Pricol Technologies - Engineering By Instinct,
• simatec ag,
• Klüber Lubrication,
• Auto Mat Lub System,
• Beka Lubrication,
• Chicago Oil & Lube Corporation,
• Samoa Ltd – UK,
• Oil-Rite Corporation,
• ILC LUBRICATION SYSTEMS,
• ATS Electro-Lube Intl Inc.,
• ATS Electro-Lube Europe,
• perma-tec GmbH & Co. KG,
• Dropsa spa,
• Dropsa USA and others.
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