Lubrication Systems Market to Witness an Outstanding Growth by 2026

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

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3. Lubrication Systems Market - Snapshot The global lubrication systems market was valued at US$ 3,565 Mn in 2017 and is anticipated to expand at a CAGR of more than 3% from 2018 to 2026. 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. Rise in demand for lubrication systems in cement plants • Growth of the housing & real estate sector is boosting the demand for cement. The sector accounts for about 65% of the global consumption of cement. • Other major consumers of cement include public infrastructure (20%) and industrial development (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. 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 systems in the next few years. Shrinking profit margins resulting from machinery downtime are likely to compel industries to deploy automatic lubrication systems. Moreover, stringent regulations regarding employee and environment safety are expected to boost the demand for lubrication systems further.   Advancements in the lubrication technology make efficient lubrication systems ideal for installation.  ©2019 Transparency Market Research, All Rights Reserved

6. Highly competitive market with dominance of top players  Graco Inc. BijurDelimon 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

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