Global Lubricants in Power Generation Market Growth (Status and Outlook) 2025-2031

The global Lubricants in Power Generation market size is predicted to grow from US$ 5284 million in 2025 to US$ 7414 million in 2031; it is expected to grow at a CAGR of 5.8% from 2025 to 2031.

friction and wear in the moving parts of power generation equipment. These lubricants play a crucial role in ensuring the smooth and efficient operation of turbines, generators, and other mechanical components in power plants. They help to minimize heat generation, prevent equipment damage, and extend the lifespan of machinery. In addition, lubricants can also contribute to improved energy efficiency and reduced operational costs by reducing the energy lost to friction. The choice of lubricant depends on various factors, including the type of equipment, operating conditions, and environmental considerations. Proper lubrication practices are essential for maintaining the reliability and performance of power generation systems.

United States market for Lubricants in Power Generation is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Lubricants in Power Generation is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Lubricants in Power Generation is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Lubricants in Power Generation players cover Shell, ExxonMobil, Chevron Corporation, Idemitsu Kosan, TotalEnergies, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Lubricants in Power Generation Industry Forecast” looks at past sales and reviews total world Lubricants in Power Generation sales in 2024, providing a comprehensive analysis by region and market sector of projected Lubricants in Power Generation sales for 2025 through 2031. With Lubricants in Power Generation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lubricants in Power Generation industry.

This Insight Report provides a comprehensive analysis of the global Lubricants in Power Generation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Lubricants in Power Generation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lubricants in Power Generation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lubricants in Power Generation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lubricants in Power Generation.

This report presents a comprehensive overview, market shares, and growth opportunities of Lubricants in Power Generation market by product type, application, key players and key regions and countries.

Segmentation by Type:
Turbine Oil
Compressor Oil
Transformer Oil
Engine Oil
Others

Segmentation by Application:
Gas Turbines
Steam Turbines
Hydroelectric Turbines
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shell
ExxonMobil
Chevron Corporation
Idemitsu Kosan
TotalEnergies
Sunoco LP

Please note: The report will take approximately 2 business days to prepare and deliver.