Oil Cleaning Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
Oil is used in various industries such as automotive, marine, aerospace, manufacturing and production. The demand for oil in these industries is always high, leading to growth in oil cleaning market. Oil can be used repetitively as long as it’s clean. Motors and machinery are important parts in any industry. Oil aids in the smooth functioning of motors and machinery. The filters used to refine oil get degraded over time causing impurities in oil. Oil cleaning removes various impurities in oil such as acids, sludge, solid particles, water contaminants and minute traces of fuel. Oil cleaning systems are used to purify oil. Oil cleaning machines are bypass system; they can be installed on the oil supply pipe towards the engine. An oil cleaning machine sends oil to its purifier by using the engine oil pressure.In this first stage of filtration contaminants greater than one micron are removed and gravity helps oil to travel back into the engine. The filters of the purifier are changed on reaching the contamination parameters and these filters are now recyclable.
The oil cleaning market is developing with decrease in equipment prices and increasing consumer awareness. New entrants in this market will find high opportunity and diversifying firms will have a chance to ascertain firm control over the developing market.China, Europe, United States, Japan and South Korea are the major markets for oil cleaning. Industries in these countries are undergoing a gradual shift towards increase use of oil cleaning market as these equipment cut the oil procurement cost by half.
The global oil cleaning market is segmented on the basis of technology, application and geography. Various oil cleaning technologies such as centrifugal separator, offline filter, glass fiber pressure filter, magnetic filtration, hydraulic bypass, electrostatic filter and vacuum filter are used. Centrifugal oil cleaning is the widely used technology for oil cleaning. Magnetic filtration and hydraulic bypass technologies are the latest innovations in this sector. Oil cleaning systems are used to clean oil in motors, turbines, gears and engines in industries such as machinery manufacturing, bearing, automotive, steel manufacturing, cement, plastic modeling, sugar, auto ancillaries cement, mining, offshore, die casting and forging, aerospace and defense, steel casting and forging. North America and Europe including the U.S, U.K, France, Germany, Spain, and Canada have major share of global oil cleaning market. Asia Pacific and Middle East including China, Saudi Arabia, Japan, UAE, and South Korea have a growing share in global oil cleaning market. China and India are predicted to drive the further growth of oil cleaning market.
Frequent demand of oil in the manufacturing and production industry has led to a growing market of oil cleaning. Customizations in oil cleaning machines have increased the demand of oil cleaning equipment.Minimization of expenses, availability of high quality oil, minimization of industrial discharge and emphasis on recyclable technologies are growth factors helping the oil cleaning machine market to generate more revenue. However, lack of awareness about oil cleaning technologies is likely to hamper the growth of oil cleaning market. Increasing industrialization, modernization and raising awareness predicts a good growth trajectory for oil cleaning market during the forecast period.
Some of the major players in oil cleaning are KlassicKlarol Filters Private Ltd., Puradyn Filter Technologies Inc., Triple R Co. Ltd., Kleenoil Filtration Ltd., Ferrocare Machines Pvt. Ltd., Trident Engineering, Kleentek, and Clean Oil Technology AB.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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