Press release
Automatic Lubrication Systems Market to Cross US$ 1.55 Bn revenues between 2022 and 2032
Automatic Lubrication Systems Market 2022
The global automatic lubrication systems market stands at US$ 997.4 Mn in 2022. The global automatic lubrication systems market is expected to grow at a CAGR of 4.5% to reach a market revenue of US$ 1.55 Bn by the end of 2032. Integration of smart sensors in lubrication systems is a prominent trend in the global market. Germany accounts for close to 20% share of the European market for automatic lubrication systems.
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Automatic lubrication systems are used to lubricate moving parts in machines, which helps reduce wear and tear, and improves the lifespan of the machines. The main drivers for the growth of the global automatic lubrication systems market are the increasing demand from the industrial sector, and the increasing awareness about the benefits of using automatic lubrication systems.
Poor lubrication can cause a machine to break down, which can lead to downtime and lost production. A well-planned and implemented automatic lubrication system can reduce the amount of oil used, boost safety at a manufacturing plant, and increase component life. It can also prevent downtime brought on by poor lubrication.
Key Companies-Â
• SKF
• Graco Inc.
• The Timken Company
• ABB Inc.
• Pricol Limited
• Dropsa
• H-T-L Perma USA, LP
• Bijur Delimon
• LUBE Corporation
• Klüber Lubrication
• Cenlub Systems
• Digilube Systems, Inc.
• Advanced Fluid Systems
• I.L.C. Srl
• Oil-Rite Corporation
• Simatec AG
• Lubrite Industries
• Lubrication Engineers
• Sloan Lubrication Systems
• ALLFETT
• LUBRICANT CONSULT GmbH
• Power Lube Industrial, LLC
• TriboServ GmbH & Co. KG
• A.T.S. Electro-Lube International Inc.
• Murtfeldt Kunststoffe GmbH & Co. KG
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Automatic Lubrication Systems Market Segmentation-Â
By System Type: - Oil and Air Lubrication Systems, Circulating Oil Lubrication Systems, Series Progressive Lubrication Systems, Single-line Lubrication Systems, Dual-line Lubrication Systems, Multi-line Lubrication Systems
By Lubrication Type: - Oil-based Lubrication, Grease-based Lubrication
By End Use:- Steel, Manufacturing , Transportation, Mining, Power, Cement, Construction, Paper & Printing, Agriculture
By Region: - North America, Latin America, Europe , East Asia, South Asia and Pacific, Middle East & Africa
Rising adoption of automation in various industrial sectors and multi-line lubrication systems has also fuelled the targeted market. Increasing automation in the industrial sector has elevated the adoption of complex machines and tools. The use of advanced technologies and machines is augmenting the output of various industries. Automatic lubrication systems prove to be the best choice for the maintenance of this machinery as they reduce the risk of accidents by up to 90%.
The use of automatic lubrication systems minimizes the risk of accidents and downtime in industrial plants. These systems are specifically designed to lubricate equipment with multiple lines, which reduces the need for manual labor. Additionally, automated systems are becoming increasingly popular due to the increasing demand for automation in various industries.
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Key Questions Answered in Report -
What is the current valuation of the automatic lubrication systems market?
What is the market outlook for automatic lubrication systems in China?
Which countries are key users of automatic lubrication systems?
Who are the top five manufacturers of automatic lubrication systems?
Which is the leading market for automatic lubrication systems in Europe?
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