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Lubrication Systems Market Foreseen to Grow Exponentially by 2026

Lubrication Systems Market Foreseen to Grow Exponentially by 2026<br>

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Lubrication Systems Market Foreseen to Grow Exponentially by 2026

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  1. ©2019 Transparency Market Research, All Rights Reserved Lubrication Systems Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2026 ©2019 Transparency Market Research, All Rights Reserved

  2. ©2019 Transparency Market Research, All Rights Reserved About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insightfor thousands of decision-makers. Wehavean experienced team of Analysts, Researchers, and Consultants, who useproprietary data sources and various tools and techniques to gather and analyzeinformation. Our business offerings representthelatest and themostreliableinformationindispensableforbusinessestosustaina competitiveedge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. Thesereports providein-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reportsstriveto serveclients and satisfytheir overallresearchrequirement.

  3. ©2019 Transparency Market Research, All Rights Reserved Lubrication Systems Market - Snapshot • The global lubrication systems market was valued at US$ 3,565 Mn in 2017 and is anticipated to expandata CAGRof more than 3%from 2018to2026. • Lubricants are essential for proper functioning of any machinery used in an application. Lubricants are used to reduce friction between two moving surfaces that are in contact with each other. • A lubrication system does not eradicate friction from the machinery. Friction is required for transfer of power from one part to another. • A lubrication system is employed to lower the wear and tear in the operating machinery. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. ©2019 Transparency Market Research, All Rights Reserved Rise in demand for lubrication systems in cement plants • Growth ofthe housing& real estate sectorisboostingthe demand for cement. The sector accounts for about 65% of the global consumptionof cement. • Other major consumers of cement include public infrastructure (20%) andindustrialdevelopment(15%). • The global cement industry experienced capacity addition of around 32–36 million tons in 2017. As of December 2017, about 575 cement plants with total production capacity of 460 MTPA were operational.

  5. ©2019 Transparency Market Research, All Rights Reserved Growing focus on workers’ safety and rising machine reliability to boost market • Rising expenditure on maintenance and repair of machinery is expected to boost the demand for lubrication systemsinthe nextfew years. • Shrinking profit margins resulting from machinery downtime are likely to compel industries todeploy automaticlubrication systems. • Moreover, stringent regulations regarding employee and environment safety are expected to boostthe demand for lubrication systemsfurther. • Advancements in the lubrication technology make efficient lubrication systems ideal for installation. ©2019 Transparency Market Research, All Rights Reserved

  6. ©2019 Transparency Market Research, All Rights Reserved Highly competitive market with dominance of top players • • • • • • • Graco Inc. Bijur Delimon Cenlub Systems, SKF Shaan Lube Equipment Pvt.Ltd. Southern Lubrication (Pvt) Ltd. S.V.A. Rikkon Lubes Private Limited Pricol Limited ©2019 Transparency Market Research, All Rights Reserved

  7. ©2019 Transparency Market Research, All Rights Reserved To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact: Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY –12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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