Global Lubricants in Power Generation Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Base Oil Coverage, By Type Coverage, By End-use Sector Coverage, By Geographic Coverage and By Company)
Published Date: Sep 2023 |
Format:
| No. of Pages: 360
Industry: Energy & Natural Resources | Author Name: Harshad
The global lubricants in the power generation market achieved a valuation of US$4.8 Bn in 2022.
During the projection period, 2023 - 2030, the market is expected to see a sustained CAGR of 4.5%, in terms of value.
Asia Pacific presently leads the global lubricants in power generation market.
The mineral oil lubricants category holds a significant global market share. On the other hand, the gear oil category constituted a major share of the total market revenue.
The primary factor that is projected to drive the lubricants in power generation market expansion is the increasing demand for powerful engines, growing longevity and reliability of equipment, rising demand for remote monitoring, and growing intervention of IoT.
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