Oil Cleaning Market Share 2015 - 2023 oct 2016 | Page 3

Reducing Cost of Oil Procurement to Half , Key Factor Raising Demand for Oil Cleaning Technologies
The various oil cleaning technologies are utilized for cleaning oil in turbines , motors , engines , and gears within industries including bearing , machinery manufacturing , automotive , cement , steel manufacturing , plastic modeling , auto ancillaries , cement , sugar , mining , offshore , forging , die casting , steel casting , forging , and aerospace and defense . On the basis of geography , the oil cleaning market is segmented into Asia Pacific , North America , the Middle East and Africa , Europe , and Latin America . In these markets , there is a progressive inclination towards oil cleaning technologies owing to the fact that this equipment lowers the cost of oil procurement by almost half . Europe and North America , including the UK , the U . S ., Germany , France , Canada , and Spain , have a majority share in the global market for oil cleaning .
Puradyn Filter Technologies Inc ., KlassicKlarol Filters Private Ltd ., Kleenoil Filtration Ltd ., Triple R Co . Ltd ., Trident Engineering , Ferrocare Machines Pvt . Ltd ., Clean Oil Technology AB , and Kleentek , among others , are the key players operating in the market .
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