Oil Condition Monitoring Market Share, Growth, Emerging Trends, Challenges and Forecast 2027

Oil Condition Monitoring Market by Sampling Type (On-site and Off-site) By Product Type (Turbines, Compressors, Engines, Gear Systems and Hydraulic Systems), By Measurement Type(Temperature, Pressure, Density, Visocity, Dielectric, TAN, TBN, Water dilution, Fuel dilution, Soot and Wear particles), By End-User Industry(Transportation, Oil & Gas, Power Generation, Industrial and Mining), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa), Forecast Period 2020 to 2027

Published: Mar-2023	Report ID: POAE2320	Pages: 1 - 250	Formats^*:
Category : Power & Energy

Global Oil Condition Monitoring market projected to drive by the rise in demand for time optimization and reduce maintenance cost. Global oil condition monitoring market likely to grow with a remarkable rate during the forecast period, 2020-2027, as oil condition monitoring help in determining the significant diagnosis and prognosis of types of machine and engine equipment to give a valuable output. Additionally, the surge in demand for oil condition monitoring for predictive maintenance schedule of any mechanical equipment such as measurement, monitoring, and analysis of the changes in lubricant and fuel oils will trigger the growth of global oil condition monitoring market size. Oil condition monitoring helpful in monitoring the use of lubricants. The technical status of oil products can be grasped in time to prevent equipment lubrication accidents and extend the service life of oil products.

Moreover, the increasing demand for devices by transportation and oil industry, which monitor the oil level, quality, and temperature, avoid engine damage caused by low oil levels, poor oil quality, and abnormal oil temperatures, thus influence the growth of oil condition monitoring industry in the future timespan. Furthermore, the growing use of IoT based oil condition monitoring system oil to analyze in real-time using online sensors will boost the growth of the oil condition monitoring industry. These Industrial IoT in the oil condition monitoring services landscape is leveraged with portable data collectors, and operators can further investigate data records that reveal the health and aberrant condition of components.

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Sampling Type Overview in the Global Oil Condition Monitoring Market

Based on the sampling type, the global Oil Condition Monitoring market bifurcated into On-site and Off-site. The On-site segment expected to register CAGR by 2027, owing to the oil condition monitoring eliminates equipment downtime and maintains productivity and ensures the proper functioning of engines used in industries.

Product Type Overview in the Global Oil Condition Monitoring market

Based on product type, the global Oil Condition Monitoring market classified into Turbines, Compressors, Engines, Gear Systems, and Hydraulic systems. The Turbines segment estimated to generate maximum revenue by 2027, attributable to turbines, is used for various industries, which need scheduled check-ups for efficient operations along with turbines that are more prone to be damaged due to friction.

Measurement Type Overview in the Global Oil Condition Monitoring Market

Based on measurement type, the global Oil Condition Monitoring market classified into Temperature, Pressure, Density, Viscosity, Dielectric, TAN, TBN, Water dilution, Fuel dilution, Soot, and Wear particles. The Viscosity segment projected to lead the market due to the oil condition monitoring provide major benefits such as measuring oil aging and preventing initial mechanical failures due to reduced oil lubrication performance.

End-User Industry Overview in the Global Oil Condition Monitoring Market

Based on the end-user industry, the global Oil Condition Monitoring market categorized into Transportation, Oil & Gas, Power Generation, Industrial, and Mining. Transportation segments estimated to dominate the market by 2027 as a result of the oil condition monitoring helping the transportation industry to improve and monitor the performance of assets to perform their core business activities effectively.

Regional Overview in the Global Oil Condition Monitoring Market

By geography, the Global Oil Condition Monitoring Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America predicted to dominate the market by 2027, owing to the rise in the adoption of predictive maintenance technologies in various industries along with the presence of major players in industries such as automotive, oil & gas, power generation, and mining.

Global Oil Condition Monitoring Market: Competitive Landscape

Companies such as Parker Hannifin, Chevron, General Electric, Shell, Bureau Veritas, BP, Eato, Intertek Group, SGS, Total, Eaton, Exxon Mobil Corporation, and Veritas Petroleum Services are the key players in the Global Oil Condition Monitoring Market.

1. Research Strategic Development

1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation

2. Research Methodology

2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation

3. Executive Summary

4. Market Insights

4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Technological Landscape
4.3. Competitors & Product Analysis
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porterâ€™s Five forces analysis
4.7. New Investment Analysis
4.8. PESTEL Analysis

5. Global Oil Condition Monitoring Market Overview

5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Sampling Type
5.2.1.1. On-site
5.2.1.2. Off-site
5.2.2. By Product Type
5.2.2.1. Turbines
5.2.2.2. Compressors
5.2.2.3. Engines
5.2.2.4. Gear Systems
5.2.2.5. Hydraulic Systems
5.2.3. By Measurement Type
5.2.3.1. Temperature
5.2.3.2. Pressure
5.2.3.3. Density
5.2.3.4. Visocity
5.2.3.5. Dielectric
5.2.3.6. TAN
5.2.3.7. TBN
5.2.3.8. Water dilution
5.2.3.9. Fuel dilution
5.2.3.10. Soot
5.2.3.11. Wear particles
5.2.4. By End-User Industry
5.2.4.1. Transportation
5.2.4.1.1. Automotive
5.2.4.1.2. Aerospace
5.2.4.1.3. Marine
5.2.4.1.4. Heavy Vehicle
5.2.4.1.5. Locomotive
5.2.4.2. Oil & Gas
5.2.4.3. Power Generation
5.2.4.4. Industrial
5.2.4.5. Mining
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa

6. North America Oil Condition Monitoring Market Overview

6.1. North America Oil Condition Monitoring Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Oil Condition Monitoring Market Share & Forecast, 2016-2027
6.2.1. By Sampling Type
6.2.1.1. On-site
6.2.1.2. Off-site
6.2.2. By Product Type
6.2.2.1. Turbines
6.2.2.2. Compressors
6.2.2.3. Engines
6.2.2.4. Gear Systems
6.2.2.5. Hydraulic Systems
6.2.3. By Measurement Type
6.2.3.1. Temperature
6.2.3.2. Pressure
6.2.3.3. Density
6.2.3.4. Visocity
6.2.3.5. Dielectric
6.2.3.6. TAN
6.2.3.7. TBN
6.2.3.8. Water dilution
6.2.3.9. Fuel dilution
6.2.3.10. Soot
6.2.3.11. Wear particles
6.2.4. By End-User Industry
6.2.4.1. Transportation
6.2.4.1.1. Automotive
6.2.4.1.2. Aerospace
6.2.4.1.3. Marine
6.2.4.1.4. Heavy Vehicle
6.2.4.1.5. Locomotive
6.2.4.2. Oil & Gas
6.2.4.3. Power Generation
6.2.4.4. Industrial
6.2.4.5. Mining
6.2.5. By Country
6.2.5.1. US
6.2.5.2. Canada
6.2.5.3. Mexico
6.2.6. Price-Point Analysis
6.2.7. Manufacturer & Distributor List (Top 5)
6.2.8. Company Market Share (Top 3-5)
6.2.9. Economic Impact Study on North America Oil Condition Monitoring Market

7. Europe Oil Condition Monitoring Market Overview

7.1. Europe Oil Condition Monitoring Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Oil Condition Monitoring Market Share & Forecast, 2016-2027
7.2.1. By Sampling Type
7.2.1.1. On-site
7.2.1.2. Off-site
7.2.2. By Product Type
7.2.2.1. Turbines
7.2.2.2. Compressors
7.2.2.3. Engines
7.2.2.4. Gear Systems
7.2.2.5. Hydraulic Systems
7.2.3. By Measurement Type
7.2.3.1. Temperature
7.2.3.2. Pressure
7.2.3.3. Density
7.2.3.4. Visocity
7.2.3.5. Dielectric
7.2.3.6. TAN
7.2.3.7. TBN
7.2.3.8. Water dilution
7.2.3.9. Fuel dilution
7.2.3.10. Soot
7.2.3.11. Wear particles
7.2.4. By End-User Industry
7.2.4.1. Transportation
7.2.4.1.1. Automotive
7.2.4.1.2. Aerospace
7.2.4.1.3. Marine
7.2.4.1.4. Heavy Vehicle
7.2.4.1.5. Locomotive
7.2.4.2. Oil & Gas
7.2.4.3. Power Generation
7.2.4.4. Industrial
7.2.4.5. Mining
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. UK
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Rest of Europe
7.2.6. Price-Point Analysis
7.2.7. Manufacturer & Distributor List (Top 5)
7.2.8. Company Market Share (Top 3-5)
7.2.9. Economic Impact Study on Europe Oil Condition Monitoring Market

8. Asia Pacific Oil Condition Monitoring Market Overview

8.1. Asia Pacific Oil Condition Monitoring Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Oil Condition Monitoring Market Share & Forecast, 2016-2027
8.2.1. By Sampling Type
8.2.1.1. On-site
8.2.1.2. Off-site
8.2.2. By Product Type
8.2.2.1. Turbines
8.2.2.2. Compressors
8.2.2.3. Engines
8.2.2.4. Gear Systems
8.2.2.5. Hydraulic Systems
8.2.3. By Measurement Type
8.2.3.1. Temperature
8.2.3.2. Pressure
8.2.3.3. Density
8.2.3.4. Visocity
8.2.3.5. Dielectric
8.2.3.6. TAN
8.2.3.7. TBN
8.2.3.8. Water dilution
8.2.3.9. Fuel dilution
8.2.3.10. Soot
8.2.3.11. Wear particles
8.2.4. By End-User Industry
8.2.4.1. Transportation
8.2.4.1.1. Automotive
8.2.4.1.2. Aerospace
8.2.4.1.3. Marine
8.2.4.1.4. Heavy Vehicle
8.2.4.1.5. Locomotive
8.2.4.2. Oil & Gas
8.2.4.3. Power Generation
8.2.4.4. Industrial
8.2.4.5. Mining
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia Pacific
8.2.6. Price-Point Analysis
8.2.7. Manufacturer & Distributor List (Top 5)
8.2.8. Company Market Share (Top 3-5)
8.2.9. Economic Impact Study on Asia Pacific Oil Condition Monitoring Market

9. South America Oil Condition Monitoring Market Overview

9.1. South America Oil Condition Monitoring Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Oil Condition Monitoring Market Share & Forecast, 2016-2027
9.2.1. By Sampling Type
9.2.1.1. On-site
9.2.1.2. Off-site
9.2.2. By Product Type
9.2.2.1. Turbines
9.2.2.2. Compressors
9.2.2.3. Engines
9.2.2.4. Gear Systems
9.2.2.5. Hydraulic Systems
9.2.3. By Measurement Type
9.2.3.1. Temperature
9.2.3.2. Pressure
9.2.3.3. Density
9.2.3.4. Visocity
9.2.3.5. Dielectric
9.2.3.6. TAN
9.2.3.7. TBN
9.2.3.8. Water dilution
9.2.3.9. Fuel dilution
9.2.3.10. Soot
9.2.3.11. Wear particles
9.2.4. By End-User Industry
9.2.4.1. Transportation
9.2.4.1.1. Automotive
9.2.4.1.2. Aerospace
9.2.4.1.3. Marine
9.2.4.1.4. Heavy Vehicle
9.2.4.1.5. Locomotive
9.2.4.2. Oil & Gas
9.2.4.3. Power Generation
9.2.4.4. Industrial
9.2.4.5. Mining
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Rest of South America
9.2.6. Price-Point Analysis
9.2.7. Manufacturer & Distributor List (Top 5)
9.2.8. Company Market Share (Top 3-5)
9.2.9. Economic Impact Study on South America Oil Condition Monitoring Market

10. Middle East & Africa Oil Condition Monitoring Market Overview

10.1. Middle East & Africa Oil Condition Monitoring Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Oil Condition Monitoring Market Share & Forecast, 2016-2027
10.2.1. By Sampling Type
10.2.1.1. On-site
10.2.1.2. Off-site
10.2.2. By Product Type
10.2.2.1. Turbines
10.2.2.2. Compressors
10.2.2.3. Engines
10.2.2.4. Gear Systems
10.2.2.5. Hydraulic Systems
10.2.3. By Measurement Type
10.2.3.1. Temperature
10.2.3.2. Pressure
10.2.3.3. Density
10.2.3.4. Visocity
10.2.3.5. Dielectric
10.2.3.6. TAN
10.2.3.7. TBN
10.2.3.8. Water dilution
10.2.3.9. Fuel dilution
10.2.3.10. Soot
10.2.3.11. Wear particles
10.2.4. By End-User Industry
10.2.4.1. Transportation
10.2.4.1.1. Automotive
10.2.4.1.2. Aerospace
10.2.4.1.3. Marine
10.2.4.1.4. Heavy Vehicle
10.2.4.1.5. Locomotive
10.2.4.2. Oil & Gas
10.2.4.3. Power Generation
10.2.4.4. Industrial
10.2.4.5. Mining
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
10.2.6. Price-Point Analysis
10.2.7. Manufacturer & Distributor List (Top 5)
10.2.8. Company Market Share (Top 3-5)
10.2.9. Economic Impact Study on Middle East & Africa Oil Condition Monitoring Market

11. Competitor Analysis

11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Parker Hannifin
11.7.2. Chevron
11.7.3. General Electric
11.7.4. Shell
11.7.5. Bureau Veritas
11.7.6. BP
11.7.7. Eaton
11.7.8. Intertek Group
11.7.9. SGS
11.7.10. Total
11.7.11. Eaton
11.7.12. Exxon Mobil Corporation
11.7.13. Veritas Petroleum Services
11.7.14. Other Prominent Players

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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