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Global Lubricants for Power Market Research Report 2024
Published Date: January 2025
|
Report Code: QYRE-Auto-14Q18935
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Global Lubricants for Power Market Research Report 2024
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Global Lubricants for Power Market Research Report 2024

Code: QYRE-Auto-14Q18935
Report
January 2025
Pages:75
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Lubricants for Power Market Size

The global market for Lubricants for Power was valued at US$ 4657 million in the year 2023 and is projected to reach a revised size of US$ 6508 million by 2030, growing at a CAGR of 5.2% during the forecast period.

Lubricants for Power Market

Lubricants for Power Market

Lubricants for power are specialized oils and fluids designed to optimize the performance and longevity of machinery in power generation systems. These include gas turbines, steam turbines, diesel engines, and renewable energy equipment. They provide essential functions such as reducing friction, dissipating heat, and protecting components from wear, corrosion, and oxidation under extreme operating conditions.
North American market for Lubricants for Power is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Lubricants for Power is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Lubricants for Power in Gas Turbines is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Lubricants for Power include Shell, ExxonMobil, Chevron Corporation, Idemitsu Kosan, TotalEnergies, Sunoco LP, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Lubricants for Power, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lubricants for Power.
The Lubricants for Power market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Lubricants for Power market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Lubricants for Power companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Lubricants for Power Market Report

Report Metric Details
Report Name Lubricants for Power Market
Accounted market size in year US$ 4657 million
Forecasted market size in 2030 US$ 6508 million
CAGR 5.2%
Base Year year
Forecasted years 2025 - 2030
Segment by Type
Segment by Application
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Shell, ExxonMobil, Chevron Corporation, Idemitsu Kosan, TotalEnergies, Sunoco LP
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Lubricants for Power company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is Lubricants for Power Market growing?

Ans: The Lubricants for Power Market witnessing a CAGR of 5.2% during the forecast period 2025-2030.

What is the Lubricants for Power Market size in 2030?

Ans: The Lubricants for Power Market size in 2030 will be US$ 6508 million.

Who are the main players in the Lubricants for Power Market report?

Ans: The main players in the Lubricants for Power Market are Shell, ExxonMobil, Chevron Corporation, Idemitsu Kosan, TotalEnergies, Sunoco LP

What are the Application segmentation covered in the Lubricants for Power Market report?

Ans: The Applications covered in the Lubricants for Power Market report are Gas Turbines, Steam Turbines, Hydroelectric Turbines, Others

What are the Type segmentation covered in the Lubricants for Power Market report?

Ans: The Types covered in the Lubricants for Power Market report are Turbine Oil, Compressor Oil, Transformer Oil, Engine Oil, Others

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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Lubricants for Power Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Turbine Oil
1.2.3 Compressor Oil
1.2.4 Transformer Oil
1.2.5 Engine Oil
1.2.6 Others
1.3 Market by Application
1.3.1 Global Lubricants for Power Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Gas Turbines
1.3.3 Steam Turbines
1.3.4 Hydroelectric Turbines
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Lubricants for Power Market Perspective (2019-2030)
2.2 Global Lubricants for Power Growth Trends by Region
2.2.1 Global Lubricants for Power Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Lubricants for Power Historic Market Size by Region (2019-2024)
2.2.3 Lubricants for Power Forecasted Market Size by Region (2025-2030)
2.3 Lubricants for Power Market Dynamics
2.3.1 Lubricants for Power Industry Trends
2.3.2 Lubricants for Power Market Drivers
2.3.3 Lubricants for Power Market Challenges
2.3.4 Lubricants for Power Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Lubricants for Power Players by Revenue
3.1.1 Global Top Lubricants for Power Players by Revenue (2019-2024)
3.1.2 Global Lubricants for Power Revenue Market Share by Players (2019-2024)
3.2 Global Lubricants for Power Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Lubricants for Power Revenue
3.4 Global Lubricants for Power Market Concentration Ratio
3.4.1 Global Lubricants for Power Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Lubricants for Power Revenue in 2023
3.5 Global Key Players of Lubricants for Power Head office and Area Served
3.6 Global Key Players of Lubricants for Power, Product and Application
3.7 Global Key Players of Lubricants for Power, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Lubricants for Power Breakdown Data by Type
4.1 Global Lubricants for Power Historic Market Size by Type (2019-2024)
4.2 Global Lubricants for Power Forecasted Market Size by Type (2025-2030)
5 Lubricants for Power Breakdown Data by Application
5.1 Global Lubricants for Power Historic Market Size by Application (2019-2024)
5.2 Global Lubricants for Power Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Lubricants for Power Market Size (2019-2030)
6.2 North America Lubricants for Power Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Lubricants for Power Market Size by Country (2019-2024)
6.4 North America Lubricants for Power Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Lubricants for Power Market Size (2019-2030)
7.2 Europe Lubricants for Power Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Lubricants for Power Market Size by Country (2019-2024)
7.4 Europe Lubricants for Power Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Lubricants for Power Market Size (2019-2030)
8.2 Asia-Pacific Lubricants for Power Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Lubricants for Power Market Size by Region (2019-2024)
8.4 Asia-Pacific Lubricants for Power Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Lubricants for Power Market Size (2019-2030)
9.2 Latin America Lubricants for Power Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Lubricants for Power Market Size by Country (2019-2024)
9.4 Latin America Lubricants for Power Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Lubricants for Power Market Size (2019-2030)
10.2 Middle East & Africa Lubricants for Power Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Lubricants for Power Market Size by Country (2019-2024)
10.4 Middle East & Africa Lubricants for Power Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Shell
11.1.1 Shell Company Details
11.1.2 Shell Business Overview
11.1.3 Shell Lubricants for Power Introduction
11.1.4 Shell Revenue in Lubricants for Power Business (2019-2024)
11.1.5 Shell Recent Development
11.2 ExxonMobil
11.2.1 ExxonMobil Company Details
11.2.2 ExxonMobil Business Overview
11.2.3 ExxonMobil Lubricants for Power Introduction
11.2.4 ExxonMobil Revenue in Lubricants for Power Business (2019-2024)
11.2.5 ExxonMobil Recent Development
11.3 Chevron Corporation
11.3.1 Chevron Corporation Company Details
11.3.2 Chevron Corporation Business Overview
11.3.3 Chevron Corporation Lubricants for Power Introduction
11.3.4 Chevron Corporation Revenue in Lubricants for Power Business (2019-2024)
11.3.5 Chevron Corporation Recent Development
11.4 Idemitsu Kosan
11.4.1 Idemitsu Kosan Company Details
11.4.2 Idemitsu Kosan Business Overview
11.4.3 Idemitsu Kosan Lubricants for Power Introduction
11.4.4 Idemitsu Kosan Revenue in Lubricants for Power Business (2019-2024)
11.4.5 Idemitsu Kosan Recent Development
11.5 TotalEnergies
11.5.1 TotalEnergies Company Details
11.5.2 TotalEnergies Business Overview
11.5.3 TotalEnergies Lubricants for Power Introduction
11.5.4 TotalEnergies Revenue in Lubricants for Power Business (2019-2024)
11.5.5 TotalEnergies Recent Development
11.6 Sunoco LP
11.6.1 Sunoco LP Company Details
11.6.2 Sunoco LP Business Overview
11.6.3 Sunoco LP Lubricants for Power Introduction
11.6.4 Sunoco LP Revenue in Lubricants for Power Business (2019-2024)
11.6.5 Sunoco LP Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
 Table 1. Global Lubricants for Power Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
 Table 2. Key Players of Turbine Oil
 Table 3. Key Players of Compressor Oil
 Table 4. Key Players of Transformer Oil
 Table 5. Key Players of Engine Oil
 Table 6. Key Players of Others
 Table 7. Global Lubricants for Power Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
 Table 8. Global Lubricants for Power Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
 Table 9. Global Lubricants for Power Market Size by Region (2019-2024) & (US$ Million)
 Table 10. Global Lubricants for Power Market Share by Region (2019-2024)
 Table 11. Global Lubricants for Power Forecasted Market Size by Region (2025-2030) & (US$ Million)
 Table 12. Global Lubricants for Power Market Share by Region (2025-2030)
 Table 13. Lubricants for Power Market Trends
 Table 14. Lubricants for Power Market Drivers
 Table 15. Lubricants for Power Market Challenges
 Table 16. Lubricants for Power Market Restraints
 Table 17. Global Lubricants for Power Revenue by Players (2019-2024) & (US$ Million)
 Table 18. Global Lubricants for Power Market Share by Players (2019-2024)
 Table 19. Global Top Lubricants for Power Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lubricants for Power as of 2023)
 Table 20. Ranking of Global Top Lubricants for Power Companies by Revenue (US$ Million) in 2023
 Table 21. Global 5 Largest Players Market Share by Lubricants for Power Revenue (CR5 and HHI) & (2019-2024)
 Table 22. Global Key Players of Lubricants for Power, Headquarters and Area Served
 Table 23. Global Key Players of Lubricants for Power, Product and Application
 Table 24. Global Key Players of Lubricants for Power, Date of Enter into This Industry
 Table 25. Mergers & Acquisitions, Expansion Plans
 Table 26. Global Lubricants for Power Market Size by Type (2019-2024) & (US$ Million)
 Table 27. Global Lubricants for Power Revenue Market Share by Type (2019-2024)
 Table 28. Global Lubricants for Power Forecasted Market Size by Type (2025-2030) & (US$ Million)
 Table 29. Global Lubricants for Power Revenue Market Share by Type (2025-2030)
 Table 30. Global Lubricants for Power Market Size by Application (2019-2024) & (US$ Million)
 Table 31. Global Lubricants for Power Revenue Market Share by Application (2019-2024)
 Table 32. Global Lubricants for Power Forecasted Market Size by Application (2025-2030) & (US$ Million)
 Table 33. Global Lubricants for Power Revenue Market Share by Application (2025-2030)
 Table 34. North America Lubricants for Power Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
 Table 35. North America Lubricants for Power Market Size by Country (2019-2024) & (US$ Million)
 Table 36. North America Lubricants for Power Market Size by Country (2025-2030) & (US$ Million)
 Table 37. Europe Lubricants for Power Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
 Table 38. Europe Lubricants for Power Market Size by Country (2019-2024) & (US$ Million)
 Table 39. Europe Lubricants for Power Market Size by Country (2025-2030) & (US$ Million)
 Table 40. Asia-Pacific Lubricants for Power Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
 Table 41. Asia-Pacific Lubricants for Power Market Size by Region (2019-2024) & (US$ Million)
 Table 42. Asia-Pacific Lubricants for Power Market Size by Region (2025-2030) & (US$ Million)
 Table 43. Latin America Lubricants for Power Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
 Table 44. Latin America Lubricants for Power Market Size by Country (2019-2024) & (US$ Million)
 Table 45. Latin America Lubricants for Power Market Size by Country (2025-2030) & (US$ Million)
 Table 46. Middle East & Africa Lubricants for Power Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
 Table 47. Middle East & Africa Lubricants for Power Market Size by Country (2019-2024) & (US$ Million)
 Table 48. Middle East & Africa Lubricants for Power Market Size by Country (2025-2030) & (US$ Million)
 Table 49. Shell Company Details
 Table 50. Shell Business Overview
 Table 51. Shell Lubricants for Power Product
 Table 52. Shell Revenue in Lubricants for Power Business (2019-2024) & (US$ Million)
 Table 53. Shell Recent Development
 Table 54. ExxonMobil Company Details
 Table 55. ExxonMobil Business Overview
 Table 56. ExxonMobil Lubricants for Power Product
 Table 57. ExxonMobil Revenue in Lubricants for Power Business (2019-2024) & (US$ Million)
 Table 58. ExxonMobil Recent Development
 Table 59. Chevron Corporation Company Details
 Table 60. Chevron Corporation Business Overview
 Table 61. Chevron Corporation Lubricants for Power Product
 Table 62. Chevron Corporation Revenue in Lubricants for Power Business (2019-2024) & (US$ Million)
 Table 63. Chevron Corporation Recent Development
 Table 64. Idemitsu Kosan Company Details
 Table 65. Idemitsu Kosan Business Overview
 Table 66. Idemitsu Kosan Lubricants for Power Product
 Table 67. Idemitsu Kosan Revenue in Lubricants for Power Business (2019-2024) & (US$ Million)
 Table 68. Idemitsu Kosan Recent Development
 Table 69. TotalEnergies Company Details
 Table 70. TotalEnergies Business Overview
 Table 71. TotalEnergies Lubricants for Power Product
 Table 72. TotalEnergies Revenue in Lubricants for Power Business (2019-2024) & (US$ Million)
 Table 73. TotalEnergies Recent Development
 Table 74. Sunoco LP Company Details
 Table 75. Sunoco LP Business Overview
 Table 76. Sunoco LP Lubricants for Power Product
 Table 77. Sunoco LP Revenue in Lubricants for Power Business (2019-2024) & (US$ Million)
 Table 78. Sunoco LP Recent Development
 Table 79. Research Programs/Design for This Report
 Table 80. Key Data Information from Secondary Sources
 Table 81. Key Data Information from Primary Sources
 Table 82. Authors List of This Report


List of Figures
 Figure 1. Lubricants for Power Picture
 Figure 2. Global Lubricants for Power Market Size Comparison by Type (2024-2030) & (US$ Million)
 Figure 3. Global Lubricants for Power Market Share by Type: 2023 VS 2030
 Figure 4. Turbine Oil Features
 Figure 5. Compressor Oil Features
 Figure 6. Transformer Oil Features
 Figure 7. Engine Oil Features
 Figure 8. Others Features
 Figure 9. Global Lubricants for Power Market Size by Application (2024-2030) & (US$ Million)
 Figure 10. Global Lubricants for Power Market Share by Application: 2023 VS 2030
 Figure 11. Gas Turbines Case Studies
 Figure 12. Steam Turbines Case Studies
 Figure 13. Hydroelectric Turbines Case Studies
 Figure 14. Others Case Studies
 Figure 15. Lubricants for Power Report Years Considered
 Figure 16. Global Lubricants for Power Market Size (US$ Million), Year-over-Year: 2019-2030
 Figure 17. Global Lubricants for Power Market Size, (US$ Million), 2019 VS 2023 VS 2030
 Figure 18. Global Lubricants for Power Market Share by Region: 2023 VS 2030
 Figure 19. Global Lubricants for Power Market Share by Players in 2023
 Figure 20. Global Top Lubricants for Power Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lubricants for Power as of 2023)
 Figure 21. The Top 10 and 5 Players Market Share by Lubricants for Power Revenue in 2023
 Figure 22. North America Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 23. North America Lubricants for Power Market Share by Country (2019-2030)
 Figure 24. United States Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 25. Canada Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 26. Europe Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 27. Europe Lubricants for Power Market Share by Country (2019-2030)
 Figure 28. Germany Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 29. France Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 30. U.K. Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 31. Italy Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 32. Russia Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 33. Nordic Countries Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 34. Asia-Pacific Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 35. Asia-Pacific Lubricants for Power Market Share by Region (2019-2030)
 Figure 36. China Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 37. Japan Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 38. South Korea Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 39. Southeast Asia Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 40. India Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 41. Australia Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 42. Latin America Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 43. Latin America Lubricants for Power Market Share by Country (2019-2030)
 Figure 44. Mexico Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 45. Brazil Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 46. Middle East & Africa Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 47. Middle East & Africa Lubricants for Power Market Share by Country (2019-2030)
 Figure 48. Turkey Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 49. Saudi Arabia Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 50. UAE Lubricants for Power Market Size YoY Growth (2019-2030) & (US$ Million)
 Figure 51. Shell Revenue Growth Rate in Lubricants for Power Business (2019-2024)
 Figure 52. ExxonMobil Revenue Growth Rate in Lubricants for Power Business (2019-2024)
 Figure 53. Chevron Corporation Revenue Growth Rate in Lubricants for Power Business (2019-2024)
 Figure 54. Idemitsu Kosan Revenue Growth Rate in Lubricants for Power Business (2019-2024)
 Figure 55. TotalEnergies Revenue Growth Rate in Lubricants for Power Business (2019-2024)
 Figure 56. Sunoco LP Revenue Growth Rate in Lubricants for Power Business (2019-2024)
 Figure 57. Bottom-up and Top-down Approaches for This Report
 Figure 58. Data Triangulation
 Figure 59. Key Executives Interviewed
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