Press release
Automatic Lubrication Systems Market to hit US$ 1.55 Bn by 2032, says Persistence Market Research
Automatic Lubrication Systems Market
The ð ð¥ð¨ð›ðšð¥ ðšð®ðð¨ð¦ðšðð¢ðœ ð¥ð®ð›ð«ð¢ðœðšðð¢ð¨ð§ ð¬ð²ð¬ððžð¦ð¬ ð¦ðšð«ð¤ðžð ð¬ððšð§ðð¬ ðšð ð”ð’$ ðŸ—ðŸ—ðŸ•.💠ðŒð§ ð¢ð§ ðŸðŸŽðŸðŸ. ð–ð¨ð«ð¥ðð°ð¢ððž ððžð¦ðšð§ð ðŸð¨ð« ðšð®ðð¨ð¦ðšðð¢ðœ ð¥ð®ð›ð«ð¢ðœðšðð¢ð¨ð§ ð¬ð²ð¬ððžð¦ð¬ ð¢ð¬ ð¬ðžð ðð¨ ð¢ð§ðœð«ðžðšð¬ðž ðšð ðŸ’.ðŸ“% ðšð§ð ð«ðžðšðœð¡ ð”ð’$ ðŸ.ðŸ“📠ðð§ ð›ð² ðŸðŸŽðŸ‘ðŸ. Integration of smart sensors in lubrication systems is a prominent trend in the global market.Â
Germany, China, and the U.S. are key markets for automatic lubrication system manufacturers. Sales of automatic lubrication systems in China are expected to increase at 5.1% CAGR from 2022 to 2032.
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The growth of this market is attributed to the increasing adoption of automatic lubrication systems in various industries, including construction, mining, and agriculture. Additionally, the growing demand for maintenance-free machinery and equipment is expected to drive the market growth.
Automatic lubrication systems are used to supply a precise amount of lubricant to the moving parts of a machine or equipment. These systems are widely used in various industries such as automotive, mining, construction, and agriculture to reduce downtime, improve equipment performance, and extend the life of the machinery. The global automatic lubrication systems market is expected to grow significantly over the next few years due to increasing demand for industrial automation and maintenance-free machinery.
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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Market Segmentation
The automatic lubrication systems market is segmented based on type, lubrication type, end-use industry, and geography.
• By type, the market is segmented into single-line, dual-line, multi-line, and series progressive systems.
• By lubrication type, the market is segmented into grease and oil.
• By end-use industry, the market is segmented into construction, mining, agriculture, transportation, and others. The construction industry is expected to hold the largest share of the market due to the increasing adoption of automatic lubrication systems in heavy machinery used in construction.
• Geographical Analysis The global automatic lubrication systems market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to hold the largest share of the market due to the increasing adoption of automatic lubrication systems in various end-use industries such as construction, mining, and agriculture. Additionally, the presence of major players in the region is expected to contribute to the growth of the market.
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Key Takeaways from the Automatic Lubrication Systems Market Study
• The forecast period will witness automatic lubrication systems market emphasizing on creating awareness regarding the benefits of automatic lubrication system, especially considering the present scenario that there are numerous minor components that could prove to be troublesome as not all users are knowledgeable in this regard.
• Asia-Pacific is expected to hold more than 30% of the market share. This could be credited to Japan being the flag bearer. Also, majority of companies are shifting their base to the Asia-Pacific.
• North America has been leading the market till date. It is into the saturation mode as of now. This situation is expected to continue furthermore as well. Europe comes in second.
• The shakers, thrusters, valves, generators, cranes, fans & blowers, pumps, and compressors - which need precise lubrication for functioning well, could be best served by automatic lubrication systems, with added benefits in the form of "big data". Also, there are ultrasonic high- and low-level options. Moreover, as these systems are compatible with iOS and Android apps, lubrication could be well-managed. Apprising users about these benefits could trigger growth of automatic lubrication systems market going forward.
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About the Industrial Automation at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations - the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.
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