The essential solution to any lubrication problem is usually an automated lubrication system, as it enables a customer to reduce both energy consumption and wasted time. As time has continued to pass, technological advancements have come into effect that allow for monitoring and controlling, which increases the performance, and the reliability, of lubrication systems. Parts like lubricant reservoirs and lubricant injectors can now be monitored by alarm systems, further automating the lubrication process. If an unwanted flow trend is noted, or a decrease in the lubricant reservoir is displayed, the system will know to automatically send a signal to the control room. The future of automated lubrication systems appears to involve even more innovation and automation.
Projections indicate that the market for lubrication systems will substantially grow, due to the fact the systems are now being used in all sorts of automotive and industrial applications. In addition to penetrating new industries, automated lubrication systems are also penetrating new international markets. The rapid industrialization of the countries in development has reached a point where most of them have structures that now require a more efficient form of lubrication. Part of that is the need for their machines to hold lengthy shelf lives, and part of that is the lack of funding that would be used to replace pricey equipment. Automated lubrication systems will almost always pay for themselves after years of dollars saved in damage and repair. Whomever can afford the investment up front, will benefit greatly in the long-term.
One of the major restraints of the automated lubrication market is simply the lack of awareness. The presence and benefits of the automated systems, among end users, is still relatively low. Over the past few years, this is beginning to change as environmental regulations have started to take effect. End users are becoming aware that they need to increase their environmental efficiency, which has led them to look for solutions. Most of those folks need not look any further than automatic lubrication systems. The desire to accommodate the environment, in addition to the industrialization in Asian Pacific countries in particular, is powering the opportunity for the lubrication systems market to thrive. And, this concept is unlikely to change any time soon.
At this moment in time, the major market for lubrication systems remains to be in Europe. Classically, Europe has been more progressive with their environmental regulations, while this is just beginning to occur in the Asian markets. Where there are regulations, there will be investments made to maintain stability while following said regulations. Additionally, the automotive industry, which still comprises the majority of the lubrication industry, is heavily based in Europe. The Asian Pacific is projected to see major increases in the automobile and in the mineral processing segment, which will essentially surge the demand for automated lubrication systems.
The future of automated lubrication systems is also relevant in both Africa and Latin America, where growth opportunities are just now presenting themselves. The demand for automation is the future, and the automated lubrication market is already steps ahead of similar industries, and the projected growth is very exciting. If you haven't yet committed to increasing efficiency and reducing wasted time, while taking a conscious effort to look out for the environment, then now is the time to install automated lubrication systems on your fleet. Give us a call, and we'd be happy to help you get ready for the future of your industry.