The global oil condition monitoring market was expected to grow from USD 718 million in 2019 to USD 1.38 billion by 2027, at a CAGR of 8.6% during the forecast period 2020-2027.
Oil Condition Monitoring predictive subsistence programme help clients avoid costly appliances, engine and power-train failures by tracking changes in engine lubricant quality, providing vital ‘early-warning’ of approaching problems and supporting stable and reliable machinery operation. Operational issues in machines, engines and other elements are often reflected in the condition of the lubricant oil being used. Regularly programmed oil condition monitoring can classify mechanical obstacles before they strike the effective running of machinery, dodging costly troubles later on.
Rising adoption of predictive maintenance among industries, extending the operational life of machinery, increasing requirement for the time optimization, growing demand for the solutions that will be cost-effective, and the growing demand for electricity, etc. are some of the drivers of the global oil condition monitoring market.
Based on the product type, the market is segmented into engines, compressors, gear systems, turbines, hydraulic systems. Turbines to lead the oil condition monitoring market during the estimate time frame. Turbine oil examination is one of the most normally utilized predictive-maintenance innovations. The turbines are utilized for different applications, which need planned registration for effective operations. The turbines utilized in the ventures work under extremely high tension. At such high weights, the turbines are increasingly inclined to be harmed because of friction, which diminishes the life of the system. To avoid system disappointment, organizations utilize top-notch oil as a grease in the turbines, accordingly diminishing the friction caused because of substantial weight. Additionally, there is a requirement for standard monitoring of the oil quality to guarantee the smooth activity of the system. Transportation to be the biggest market for oil condition monitoring during the forecast time frame. The transportation business incorporates autos, aerospace, marine, heavy vehicles, and train motors. The oil condition monitoring helps in avoiding basic motor disappointments that may happen in boats and planes. Consequently, the demand for oil condition monitoring is relied upon to increment in the marine and aerospace industry. The development in the vehicle business is ascribed to the increasing accentuation of vehicle makers to introduce ongoing oil monitoring sensors in vehicles.
North America is the biggest market for oil condition monitoring systems. The region has the nearness of a few significant players in enterprises, for example, automotive, oil and gas, power age, and mining. The progressions in predictive maintenance advancements are urging end-clients to receive oil condition monitoring arrangements across ventures. Growth of the oil condition monitoring market in APAC is driven by nations, for example, China, Japan, and India. China has emerged as one of the most alluring venture goals for mining and automotive organizations in the ongoing past. The oil investigation can assist clients with avoiding the abrupt harm by offering the condition of the ointment oil being utilized in mining gear and vehicles.
Some of the proficient players of the global market are SPECTRO Analytical Instruments GmbH, Bureau Veritas, Castrol Limited, Parker Hannifin Manufacturing Ltd, Chevron Corporation, Delta Services Industriels (DSi), TRIBOMAR GmbH GE, Avenisense S.A., Intertek Group Plc, Micromem Applied Sensor Technologies Inc., Poseidon Systems, LLC, Shell, Test Oil, and Unimarine.
Condition monitoring is one of the necessary services during lockdown: WearCheck, Africa's leading condition monitoring specialists, is open for business throughout the COVID-19 lockdown as the company renders services required to hospitals, food producers, transport, logistics and other industries that power the nation's economy.
The Study delivers comprehensive analysis of the following segments:
Global Oil Condition Monitoring Market Analysis And Forecast, by Type
Global Oil Condition Monitoring Market Analysis And Forecast, by End-Use Industry
Global Oil Condition Monitoring Market Analysis And Forecast, by Sampling Type
Global Oil Condition Monitoring Market And Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By End Use
4.3.3. Market Attractiveness Analysis By Sampling
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Oil Condition Monitoring Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Engines
6.3. Compressors
6.4. Gear Systems
6.5. Turbines
6.6. Hydraulic Systems
7. Global Oil Condition Monitoring Market Analysis and Forecast, By End Use
7.1. Segment Overview
7.2. Transportation
7.3. Automotive
7.4. Marine
7.5. Industrial
7.6. Oil & Gas
8. Global Oil Condition Monitoring Market Analysis and Forecast, By Sampling
8.1. Segment Overview
8.2. ON-SITE
8.3. Off-Site
9. Global Oil Condition Monitoring Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Oil Condition Monitoring Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Oil Condition Monitoring Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. SPECTRO Analytical Instruments GmbH
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Bureau Veritas
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Castrol Limited
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Parker Hannifin Manufacturing Ltd
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Chevron Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Delta Services Industriels (DSi),
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. TRIBOMAR GmbH GE
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Avenisense S.A
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.8.7. SWOT Analysis
11.9. Intertek Group Plc
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.9.7. SWOT Analysis
11.10. Micromem Applied Sensor Technologies Inc
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.10.7. SWOT Analysis
11.11. Poseidon Systems
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.11.7. SWOT Analysis
11.12. Shell
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.12.7. SWOT Analysis
11.13. Test Oil
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.13.7. SWOT Analysis
11.14. Unimarine
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.14.7. SWOT Analysis
List of Table
1. Global Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
2. Global Engines Market, By Region, 2017–2027(USD Million)
3. Global Compressors Market, By Region, 2017–2027(USD Million)
4. Global Gear Systems Market, By Region, 2017–2027(USD Million)
5. Global Turbines Market, By Region, 2017–2027(USD Million)
6. Global Hydraulic Systems Market, By Region, 2017–2027(USD Million)
7. Global Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
8. Global Transportation Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
9. Global Automotive Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
10. Global Marine Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
11. Global Industrial Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
12. Global Oil & Gas Water Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
13. Global Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
14. Global On-Site Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
15. Global Off-Site Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
16. Global Oil Condition Monitoring Market, By Region, 2017–2027(USD Million)
17. Global Oil Condition Monitoring Market, By North America, 2017–2027(USD Million)
18. North America Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
19. North America Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
20. North America Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
21. U.S. Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
22. U.S. Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
23. U.S. Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
24. Canada Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
25. Canada Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
26. Canada Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
27. Mexico Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
28. Mexico Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
29. Mexico Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
30. Europe Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
31. Europe Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
32. Europe Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
33. Germany Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
34. Germany Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
35. Germany Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
36. France Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
37. France Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
38. France Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
39. U.K. Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
40. U.K. Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
41. U.K. Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
42. Italy Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
43. Italy Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
44. Italy Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
45. Spain Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
46. Spain Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
47. Spain Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
48. Asia Pacific Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
49. Asia Pacific Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
50. Asia Pacific Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
51. Japan Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
52. Japan Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
53. Japan Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
54. China Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
55. China Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
56. China Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
57. India Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
58. India Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
59. India Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
60. South America Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
61. South America Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
62. South America Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
63. Brazil Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
64. Brazil Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
65. Brazil Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
66. Middle East and Africa Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
67. Middle East and Africa Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
68. Middle East and Africa Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
69. UAE Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
70. UAE Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
71. UAE Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
72. South Africa Oil Condition Monitoring Market, By Type, 2017–2027(USD Million)
73. South Africa Oil Condition Monitoring Market, By End Use, 2017–2027(USD Million)
74. South Africa Oil Condition Monitoring Market, By Sampling, 2017–2027(USD Million)
List of Figures
1. Global Oil Condition Monitoring Market Segmentation
2. Oil Condition Monitoring Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Oil Condition Monitoring Market Attractiveness Analysis By Type
9. Global Oil Condition Monitoring Market Attractiveness Analysis By End Use
10. Global Oil Condition Monitoring Market Attractiveness Analysis By Sampling
11. Global Oil Condition Monitoring Market Attractiveness Analysis By Region
12. Global Oil Condition Monitoring Market: Dynamics
13. Global Oil Condition Monitoring Market Share By Type (2019 & 2027)
14. Global Oil Condition Monitoring Market Share By End Use (2019 & 2027)
15. Global Oil Condition Monitoring Market Share By Sampling (2019 & 2027)
16. Global Oil Condition Monitoring Market Share by Regions (2019 & 2027)
17. Global Oil Condition Monitoring Market Share by Company (2019)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.