Global Automatic Lubrication System Market : Latest Innovations, Drivers, Dynamics and Strategic Analysis, Challenges by 2024
Automatic Lubrication System Market (System Type -Single Dual and Multi Line, Series Progressive and Others; Lubrication Type - Oil, Grease; Applications - Cement Industry, Vehicle Lubrication System, Construction Industry, Printing and Packaging, Steel, and Others): Global Industry Analysis, Trends, Market Size and Forecasts up to 2024. According to the report, the global automatic lubrication system market is projected to grow at a CAGR of 5.1% over the forecast period of 2018-2024.
Pune, India -- (SBWire) -- 04/30/2019 --Automatic Lubrication System Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of automatic lubrication system Market by system type (single dual and multi-line, series progressive and others) lubrication type (oil, grease) applications (cement industry, vehicle lubrication system, construction industry, printing and packaging, steel, others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the automatic lubrication system market it includes the five years Industry analysis and the 6 years annual forecast from 2018 to 2024. Some of the prominent participants in the global automatic lubrication system Market are SKF, Baier + Koeppel, Graco, Timken, Woerner, Klueber Lubrication, Samoa, Oil-Rite, ATS Electro-Lube and Cenlub Systems
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The automatic lubrication system is the centralized system used to dispense the right amount of lubricants to all the critical lubrication points on a machine during the machine is functioning. The automatic lubrication system is the preplanned system that is responsible to deliver the exact amount of lubricator to the specific position of the machine. The automatic lubrication system is used in various end-use industries including mining, agriculture, food & beverage, paper, steel, packaging, and many other manufacturing industries.
Numerous Benefits Offered by the Automatic Lubrication System over the Manual Lubrication Drives the Growth of Automatic Lubrication Market
The automatic lubrication system offers various benefits over the manual lubrication including reducing machine downtime, increasing efficiency, ensure the works safety, reduction in labor costs. These benefits are key factors that are driving the growth of automatic lubrication market. In addition, the automatic lubrication system reduces cross-contamination caused by lubricant mixing and the problems associated with over greasing or under-greasing that are likely to escalate the market growth. The automatic lubrication system helps to provide effective lubrication to the machines used across various industries. Moreover, ongoing developments in the automatic lubrication system, for instance, the integration of remote monitoring with the Automatic lubrication system are projected to serve various opportunities for the automatic lubrication market in upcoming years.
The Europe Region Dominates the Market of the Automatic Lubrication System
Europe accounted for the largest market share in the automatic lubrication market in 2017 and is expected to be the dominating region over the forecast period. Europe has the presence of various major end-use industries such as mining, automotive, manufacturing, and others that create the huge demand of automatic lubrication system. Furthermore, Asia Pacific region is the fastest growing region in the automatic lubrication system market. The rapidly growing awareness about the benefits of automatic lubrication system led to the huge demand of automatic lubrication system from the Asia Pacific region.
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SKF: New Remote Monitor for Automatic Lubrication Systems
In July 2018, LRM2 (Lubrication Remote Monitor for monitoring) is designed for use with lubrication systems that cannot be checked daily due to the nature or position of the specific application. The LRM2 can be used on single-line, dual-line and progressive lubrication systems and can communicate with a pump or group of pumps on a system of the same type. In addition, the monitor utilizes a SIM card similar to those found in cell phones to send and receive text messages via iOS or Android mobile devices or via e-mail to a computer.
Featuring two digital inputs and outputs, the LRM2 sends both low-level and fault messages. The monitor can be used to start an additional lubrication cycle and can be reset simply by sending a message from a mobile device or computer. In addition, no special software is required as system information can be accessed using a web browser.
The LRM2 is suitable for wind energy, railroad wayside, cable car, and wastewater treatment applications, as well as other industries. Also, the LRM2 module is available without an enclosure for applications that require mounting in an existing control box.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Automatic Lubrication System.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents the analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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