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2022
Oil Condition Monitoring Market

Oil Condition Monitoring Market

by Sampling Type (On-site Sampling, Off-site Sampling), by Product Type (Turbine, Compressor, Engine, Gear Systems, Hydraulic Systems), by End user (Transportation, Industrial, Oil & Gas, Power Generation, Mining): Global Opportunity Analysis and Industry Forecast, 2021-2031

SE : Sensors and Controls
Report Code: A09768
Oct 2022 | Pages: 280
Tables: 112
Charts: 69

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Oil Condition Monitoring Market Research, 2031

The global oil condition monitoring market size was valued at $689.7 million in 2021 and is projected to reach $1.4 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031. Oil condition monitoring is one of the predictive maintenance technologies. It comprises estimating, monitoring, and analyzing the condition of oil and lubricant of equipment and machines for any contamination. Precise monitoring of oil conditions offers a deep understanding of the condition and status of machines and equipment. 

The COVID-19 outbreak disrupted many business activities around the world. The oil condition monitoring market is directly dependent on the demand from end-use sectors including oil and gas, power generation, and mining. The demand for the oil condition monitoring market was strongly affected owing to import-export restraints, shut borders, and supply chain disruptions during the COVID-19 pandemic. However, many end-use sectors are recovering stronger post-COVID-19 pandemic. Hence, significant growth is expected for the oil condition monitoring market.

Oil Condition Monitoring Market

The use of various predictive maintenance methods including oil condition monitoring across several sectors has been on a rise recently. Predictive maintenance methods such as oil condition monitoring helps companies determine the machine’s oil condition. Thus, saving companies from unwarranted machine breakdowns. Even though oil condition monitoring requires financial investment, it helps in saving the alternative cost of purchasing new equipment. The growing awareness regarding extending the operational life of machines and equipment along with upsurge in investment in predictive maintenance is anticipated to drive the oil condition monitoring market growth during the forecast period. A shortage of trained technical personnel is projected to affect the market growth. Skilled technicians have special training on how to collect oil condition samples as well as to do an accurate analysis of gathered oil samples.

The advancement in big data analytics and data storage mechanisms is expected to offer lucrative oil condition monitoring market opportunity. Big data analytics helps in the processing of large volume of datasets efficiently. Therefore, it helps in the precise analysis of the data received by oil quality sensors.

The oil condition monitoring industry players are increasingly investing on the R&D of smart and unique strategies to sustain their growth in the market. These strategies include product launches, mergers & acquisitions, collaborations, partnerships, and refurbishing of existing technology. For instance, in December 2019, Shell launched an IT platform, known as Shell LubeAnalyst. This platform is used for oil analysis programs. The Shell LubeAnalyst platform is a simpler sample management process than the manual method.

The key players profiled in the report include Celanese Corporation, Chevron Corporation., PARKER HANNIFIN CORP, General Electric, BP p.l.c., Shell. Eaton, Intertek Group plc, SGS SA, and Bureau Veritas.

The oil condition monitoring market is segmented on the basis of sampling type, product type, end-user, and region. By sampling type, the market is divided into on-site sampling and off-site sampling. By product type, the market is classified into turbines, compressors, engines, gear systems, and hydraulic systems. By end-user, the market is divided into transportation, industrial, oil & gas, power generation, and mining. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The oil condition monitoring market forecast report is segmented into Sampling Type, Product Type and End user.

Oil Condition Monitoring Market

By sampling type, the off-site sampling sub-segment dominated the market in 2021. Off-site oil condition monitoring is carried out at service stations, which are equipped with advanced analytical instruments. The analysis at these service centers is performed by a team of skilled personnel to examine the condition of the machine. The off-site oil sampling techniques used extensively across various sectors such as transportation, industrial, oil & gas, power generation, and mining. In addition to this, sectors that operate in extreme climatic conditions such as arctic natural gas processing plants, and humid mine sites are also using off-site sampling methods for oil condition analysis. These are predicted to be the main factors affecting the oil condition monitoring market size during the forecast period.

Oil Condition Monitoring Market

By product type, the engine sub-segment dominated the global oil condition monitoring market share in 2021. The growth of the engine sub-segment can be attributed to the increased R&D activities in the automobile sector to improve the performance of engines. Checking the engine oil and lubricant degradation level is essential to reduce unwanted engine breakdown. The quality of lubricant and oil has a direct impact on engine output as well as on its productivity. Thus, the engine's condition needs to be checked consistently to protect it from breakdown.

Oil Condition Monitoring Market

By end-user, the oil and gas sub-segment dominated the global oil condition monitoring market share in 2021. The oil & gas industry plays a key role in the global economy as the industry is the world's major source of fuel. This industry is massively investing in oil condition monitoring to increase the efficiency and productivity of their refineries. These oil and gas refineries operate continuously, hence, monitoring the condition of machines and equipment becomes important to avoid unwarranted breakdowns.

Oil Condition Monitoring Market

By region, North America dominated the global market in 2021 and LAMEA is projected to be the fastest-growing region during the forecast period. The oil condition monitoring market outlook in the North America region is positive due to the presence of a large number of companies in the power & generation, automotive, and mining industries adopting advanced technologies for predictive maintenance. The LAMEA region is projected to be the fastest growing region in the oil condition monitoring market owing to the presence of the world's top ten oil-producing countries as well as a fully developed oil and gas infrastructure.

Impact of COVID-19 on the Global Oil Condition Monitoring Industry

  • The COVID-19 pandemic disrupted many business activities worldwide, as several countries shut down their ports, airports, and domestic transportation while imposing severe lockdowns and social isolation
  • The economic slowdown has affected the business R&D activities in the oil condition monitoring projects across the world
  • The oil condition monitoring industry is directly proportional to the demand from end-use industries such as transportation, industrial, oil and gas, power generation, and mining. However, the demand for oil condition monitoring in the transportation industry was greatly affected owing to import-export restrictions, closed borders, and supply chain disruptions due to the outbreak of the COVID-19 pandemic.
  • Various sectors are recovering stronger post COVID-19 pandemic. Hence, substantial growth is expected for the oil condition monitoring market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the oil condition monitoring market analysis from 2021 to 2031 to identify the prevailing oil condition monitoring market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the oil condition monitoring market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global oil condition monitoring market trends, key players, market segments, application areas, and market growth strategies.

 Oil Condition Monitoring Market Report Highlights

Aspects Details
Market Size By 2031 USD 1.4 billion
Growth Rate CAGR of 7.5%
Forecast period 2021 - 2031
Report Pages 280
By Sampling Type
  • On-site Sampling
  • Off-site Sampling
By Product Type
  • Turbine
  • Compressor
  • Engine
  • Gear Systems
  • Hydraulic Systems
By End user
  • Transportation
  • Industrial
  • Oil & Gas
  • Power Generation
  • Mining
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest Of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, United Arab Emirates, South Africa, Rest Of LAMEA)
Key Market Players Bureau Veritas, Eaton Corporation, General Electric, Parker-Hannifin Corporation, Shell plc, Intertek Group plc, SGS SA, TotalEnergies, BP plc, Chevron Corporation

Analyst Review

An increase in awareness regarding extending the operational life of machines and equipment is the key factor that is expected to drive the growth of the global oil condition monitoring market during the forecast period. Furthermore, a rise in the prevalence of predictive maintenance is projected to supplement the oil condition monitoring market growth during the forecast period. Shortage of skilled personnel, however, is expected to hamper the oil condition monitoring market. The rise in big data analytics and smart sensors is anticipated to offer remunerative opportunities for key players in the oil condition monitoring market. The use of big data analytics along with smart sensors enables accurate analysis of oil conditions with minimal human errors.

Among the analyzed regions, North America is expected to account for the highest revenue in the market by 2031, followed by Europe, LAMEA, and Asia-Pacific. The presence of major key players and the increase in the adoption of predictive maintenance are the major factors responsible for the leading position of North America in the global oil condition monitoring market.

 

  • CHAPTER 1: INTRODUCTION

    • 1.1. Report description

    • 1.2. Key market segments

    • 1.3. Key benefits to the stakeholders

    • 1.4. Research Methodology

      • 1.4.1. Primary research

      • 1.4.2. Secondary research

      • 1.4.3. Analyst tools and models

  • CHAPTER 2: EXECUTIVE SUMMARY

    • 2.1. CXO Perspective

  • CHAPTER 3: MARKET OVERVIEW

    • 3.1. Market definition and scope

    • 3.2. Key findings

      • 3.2.1. Top impacting factors

      • 3.2.2. Top investment pockets

    • 3.3. Porter’s five forces analysis

    • 3.4. Market dynamics

      • 3.4.1. Drivers

      • 3.4.2. Restraints

      • 3.4.3. Opportunities

    • 3.5. COVID-19 Impact Analysis on the market

    • 3.6. Key Regulation Analysis

    • 3.7. Market Share Analysis

    • 3.8. Patent Landscape

    • 3.9. Regulatory Guidelines

    • 3.10. Value Chain Analysis

  • CHAPTER 4: OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE

    • 4.1. Overview

      • 4.1.1. Market size and forecast

    • 4.2. On-site Sampling

      • 4.2.1. Key market trends, growth factors and opportunities

      • 4.2.2. Market size and forecast, by region

      • 4.2.3. Market share analysis by country

    • 4.3. Off-site Sampling

      • 4.3.1. Key market trends, growth factors and opportunities

      • 4.3.2. Market size and forecast, by region

      • 4.3.3. Market share analysis by country

  • CHAPTER 5: OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE

    • 5.1. Overview

      • 5.1.1. Market size and forecast

    • 5.2. Turbine

      • 5.2.1. Key market trends, growth factors and opportunities

      • 5.2.2. Market size and forecast, by region

      • 5.2.3. Market share analysis by country

    • 5.3. Compressor

      • 5.3.1. Key market trends, growth factors and opportunities

      • 5.3.2. Market size and forecast, by region

      • 5.3.3. Market share analysis by country

    • 5.4. Engine

      • 5.4.1. Key market trends, growth factors and opportunities

      • 5.4.2. Market size and forecast, by region

      • 5.4.3. Market share analysis by country

    • 5.5. Gear Systems

      • 5.5.1. Key market trends, growth factors and opportunities

      • 5.5.2. Market size and forecast, by region

      • 5.5.3. Market share analysis by country

    • 5.6. Hydraulic Systems

      • 5.6.1. Key market trends, growth factors and opportunities

      • 5.6.2. Market size and forecast, by region

      • 5.6.3. Market share analysis by country

  • CHAPTER 6: OIL CONDITION MONITORING MARKET, BY END USER

    • 6.1. Overview

      • 6.1.1. Market size and forecast

    • 6.2. Transportation

      • 6.2.1. Key market trends, growth factors and opportunities

      • 6.2.2. Market size and forecast, by region

      • 6.2.3. Market share analysis by country

    • 6.3. Industrial

      • 6.3.1. Key market trends, growth factors and opportunities

      • 6.3.2. Market size and forecast, by region

      • 6.3.3. Market share analysis by country

    • 6.4. Oil & Gas

      • 6.4.1. Key market trends, growth factors and opportunities

      • 6.4.2. Market size and forecast, by region

      • 6.4.3. Market share analysis by country

    • 6.5. Power Generation

      • 6.5.1. Key market trends, growth factors and opportunities

      • 6.5.2. Market size and forecast, by region

      • 6.5.3. Market share analysis by country

    • 6.6. Mining

      • 6.6.1. Key market trends, growth factors and opportunities

      • 6.6.2. Market size and forecast, by region

      • 6.6.3. Market share analysis by country

  • CHAPTER 7: OIL CONDITION MONITORING MARKET, BY REGION

    • 7.1. Overview

      • 7.1.1. Market size and forecast By Region

    • 7.2. North America

      • 7.2.1. Key trends and opportunities

      • 7.2.2. Market size and forecast, by Sampling Type

      • 7.2.3. Market size and forecast, by Product Type

      • 7.2.4. Market size and forecast, by End user

      • 7.2.5. Market size and forecast, by country

        • 7.2.5.1. U.S.
          • 7.2.5.1.1. Key market trends, growth factors and opportunities
          • 7.2.5.1.2. Market size and forecast, by Sampling Type
          • 7.2.5.1.3. Market size and forecast, by Product Type
          • 7.2.5.1.4. Market size and forecast, by End user
        • 7.2.5.2. Canada
          • 7.2.5.2.1. Key market trends, growth factors and opportunities
          • 7.2.5.2.2. Market size and forecast, by Sampling Type
          • 7.2.5.2.3. Market size and forecast, by Product Type
          • 7.2.5.2.4. Market size and forecast, by End user
        • 7.2.5.3. Mexico
          • 7.2.5.3.1. Key market trends, growth factors and opportunities
          • 7.2.5.3.2. Market size and forecast, by Sampling Type
          • 7.2.5.3.3. Market size and forecast, by Product Type
          • 7.2.5.3.4. Market size and forecast, by End user

    • 7.3. Europe

      • 7.3.1. Key trends and opportunities

      • 7.3.2. Market size and forecast, by Sampling Type

      • 7.3.3. Market size and forecast, by Product Type

      • 7.3.4. Market size and forecast, by End user

      • 7.3.5. Market size and forecast, by country

        • 7.3.5.1. Germany
          • 7.3.5.1.1. Key market trends, growth factors and opportunities
          • 7.3.5.1.2. Market size and forecast, by Sampling Type
          • 7.3.5.1.3. Market size and forecast, by Product Type
          • 7.3.5.1.4. Market size and forecast, by End user
        • 7.3.5.2. UK
          • 7.3.5.2.1. Key market trends, growth factors and opportunities
          • 7.3.5.2.2. Market size and forecast, by Sampling Type
          • 7.3.5.2.3. Market size and forecast, by Product Type
          • 7.3.5.2.4. Market size and forecast, by End user
        • 7.3.5.3. France
          • 7.3.5.3.1. Key market trends, growth factors and opportunities
          • 7.3.5.3.2. Market size and forecast, by Sampling Type
          • 7.3.5.3.3. Market size and forecast, by Product Type
          • 7.3.5.3.4. Market size and forecast, by End user
        • 7.3.5.4. Spain
          • 7.3.5.4.1. Key market trends, growth factors and opportunities
          • 7.3.5.4.2. Market size and forecast, by Sampling Type
          • 7.3.5.4.3. Market size and forecast, by Product Type
          • 7.3.5.4.4. Market size and forecast, by End user
        • 7.3.5.5. Italy
          • 7.3.5.5.1. Key market trends, growth factors and opportunities
          • 7.3.5.5.2. Market size and forecast, by Sampling Type
          • 7.3.5.5.3. Market size and forecast, by Product Type
          • 7.3.5.5.4. Market size and forecast, by End user
        • 7.3.5.6. Rest of Europe
          • 7.3.5.6.1. Key market trends, growth factors and opportunities
          • 7.3.5.6.2. Market size and forecast, by Sampling Type
          • 7.3.5.6.3. Market size and forecast, by Product Type
          • 7.3.5.6.4. Market size and forecast, by End user

    • 7.4. Asia-Pacific

      • 7.4.1. Key trends and opportunities

      • 7.4.2. Market size and forecast, by Sampling Type

      • 7.4.3. Market size and forecast, by Product Type

      • 7.4.4. Market size and forecast, by End user

      • 7.4.5. Market size and forecast, by country

        • 7.4.5.1. China
          • 7.4.5.1.1. Key market trends, growth factors and opportunities
          • 7.4.5.1.2. Market size and forecast, by Sampling Type
          • 7.4.5.1.3. Market size and forecast, by Product Type
          • 7.4.5.1.4. Market size and forecast, by End user
        • 7.4.5.2. Japan
          • 7.4.5.2.1. Key market trends, growth factors and opportunities
          • 7.4.5.2.2. Market size and forecast, by Sampling Type
          • 7.4.5.2.3. Market size and forecast, by Product Type
          • 7.4.5.2.4. Market size and forecast, by End user
        • 7.4.5.3. India
          • 7.4.5.3.1. Key market trends, growth factors and opportunities
          • 7.4.5.3.2. Market size and forecast, by Sampling Type
          • 7.4.5.3.3. Market size and forecast, by Product Type
          • 7.4.5.3.4. Market size and forecast, by End user
        • 7.4.5.4. South Korea
          • 7.4.5.4.1. Key market trends, growth factors and opportunities
          • 7.4.5.4.2. Market size and forecast, by Sampling Type
          • 7.4.5.4.3. Market size and forecast, by Product Type
          • 7.4.5.4.4. Market size and forecast, by End user
        • 7.4.5.5. Australia
          • 7.4.5.5.1. Key market trends, growth factors and opportunities
          • 7.4.5.5.2. Market size and forecast, by Sampling Type
          • 7.4.5.5.3. Market size and forecast, by Product Type
          • 7.4.5.5.4. Market size and forecast, by End user
        • 7.4.5.6. Rest of Asia-Pacific
          • 7.4.5.6.1. Key market trends, growth factors and opportunities
          • 7.4.5.6.2. Market size and forecast, by Sampling Type
          • 7.4.5.6.3. Market size and forecast, by Product Type
          • 7.4.5.6.4. Market size and forecast, by End user

    • 7.5. LAMEA

      • 7.5.1. Key trends and opportunities

      • 7.5.2. Market size and forecast, by Sampling Type

      • 7.5.3. Market size and forecast, by Product Type

      • 7.5.4. Market size and forecast, by End user

      • 7.5.5. Market size and forecast, by country

        • 7.5.5.1. Brazil
          • 7.5.5.1.1. Key market trends, growth factors and opportunities
          • 7.5.5.1.2. Market size and forecast, by Sampling Type
          • 7.5.5.1.3. Market size and forecast, by Product Type
          • 7.5.5.1.4. Market size and forecast, by End user
        • 7.5.5.2. Saudi Arabia
          • 7.5.5.2.1. Key market trends, growth factors and opportunities
          • 7.5.5.2.2. Market size and forecast, by Sampling Type
          • 7.5.5.2.3. Market size and forecast, by Product Type
          • 7.5.5.2.4. Market size and forecast, by End user
        • 7.5.5.3. United Arab Emirates
          • 7.5.5.3.1. Key market trends, growth factors and opportunities
          • 7.5.5.3.2. Market size and forecast, by Sampling Type
          • 7.5.5.3.3. Market size and forecast, by Product Type
          • 7.5.5.3.4. Market size and forecast, by End user
        • 7.5.5.4. South Africa
          • 7.5.5.4.1. Key market trends, growth factors and opportunities
          • 7.5.5.4.2. Market size and forecast, by Sampling Type
          • 7.5.5.4.3. Market size and forecast, by Product Type
          • 7.5.5.4.4. Market size and forecast, by End user
        • 7.5.5.5. Rest of LAMEA
          • 7.5.5.5.1. Key market trends, growth factors and opportunities
          • 7.5.5.5.2. Market size and forecast, by Sampling Type
          • 7.5.5.5.3. Market size and forecast, by Product Type
          • 7.5.5.5.4. Market size and forecast, by End user

  • CHAPTER 8: COMPETITIVE LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Top player positioning, 2021

  • CHAPTER 9: COMPANY PROFILES

    • 9.1. Parker-Hannifin Corporation

      • 9.1.1. Company overview

      • 9.1.2. Key Executives

      • 9.1.3. Company snapshot

    • 9.2. General Electric

      • 9.2.1. Company overview

      • 9.2.2. Key Executives

      • 9.2.3. Company snapshot

    • 9.3. Shell plc

      • 9.3.1. Company overview

      • 9.3.2. Key Executives

      • 9.3.3. Company snapshot

    • 9.4. BP plc

      • 9.4.1. Company overview

      • 9.4.2. Key Executives

      • 9.4.3. Company snapshot

    • 9.5. Bureau Veritas

      • 9.5.1. Company overview

      • 9.5.2. Key Executives

      • 9.5.3. Company snapshot

    • 9.6. Chevron Corporation

      • 9.6.1. Company overview

      • 9.6.2. Key Executives

      • 9.6.3. Company snapshot

    • 9.7. Intertek Group plc

      • 9.7.1. Company overview

      • 9.7.2. Key Executives

      • 9.7.3. Company snapshot

    • 9.8. SGS SA

      • 9.8.1. Company overview

      • 9.8.2. Key Executives

      • 9.8.3. Company snapshot

    • 9.9. Eaton Corporation

      • 9.9.1. Company overview

      • 9.9.2. Key Executives

      • 9.9.3. Company snapshot

    • 9.10. TotalEnergies

      • 9.10.1. Company overview

      • 9.10.2. Key Executives

      • 9.10.3. Company snapshot

  • LIST OF TABLES

  • TABLE 01. GLOBAL OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 02. OIL CONDITION MONITORING MARKET FOR ON-SITE SAMPLING, BY REGION, 2021-2031 ($MILLION)
    TABLE 03. OIL CONDITION MONITORING MARKET FOR OFF-SITE SAMPLING, BY REGION, 2021-2031 ($MILLION)
    TABLE 04. GLOBAL OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 05. OIL CONDITION MONITORING MARKET FOR TURBINE, BY REGION, 2021-2031 ($MILLION)
    TABLE 06. OIL CONDITION MONITORING MARKET FOR COMPRESSOR, BY REGION, 2021-2031 ($MILLION)
    TABLE 07. OIL CONDITION MONITORING MARKET FOR ENGINE, BY REGION, 2021-2031 ($MILLION)
    TABLE 08. OIL CONDITION MONITORING MARKET FOR GEAR SYSTEMS, BY REGION, 2021-2031 ($MILLION)
    TABLE 09. OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY REGION, 2021-2031 ($MILLION)
    TABLE 10. GLOBAL OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 11. OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY REGION, 2021-2031 ($MILLION)
    TABLE 12. OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY REGION, 2021-2031 ($MILLION)
    TABLE 13. OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION, 2021-2031 ($MILLION)
    TABLE 14. OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY REGION, 2021-2031 ($MILLION)
    TABLE 15. OIL CONDITION MONITORING MARKET FOR MINING, BY REGION, 2021-2031 ($MILLION)
    TABLE 16. OIL CONDITION MONITORING MARKET, BY REGION, 2021-2031 ($MILLION)
    TABLE 17. NORTH AMERICA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 18. NORTH AMERICA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 19. NORTH AMERICA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 20. NORTH AMERICA OIL CONDITION MONITORING MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 21. U.S. OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 22. U.S. OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 23. U.S. OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 24. CANADA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 25. CANADA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 26. CANADA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 27. MEXICO OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 28. MEXICO OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 29. MEXICO OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 30. EUROPE OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 31. EUROPE OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 32. EUROPE OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 33. EUROPE OIL CONDITION MONITORING MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 34. GERMANY OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 35. GERMANY OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 36. GERMANY OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 37. UK OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 38. UK OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 39. UK OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 40. FRANCE OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 41. FRANCE OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 42. FRANCE OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 43. SPAIN OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 44. SPAIN OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 45. SPAIN OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 46. ITALY OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 47. ITALY OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 48. ITALY OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 49. REST OF EUROPE OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 50. REST OF EUROPE OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 51. REST OF EUROPE OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 52. ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 53. ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 54. ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 55. ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 56. CHINA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 57. CHINA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 58. CHINA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 59. JAPAN OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 60. JAPAN OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 61. JAPAN OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 62. INDIA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 63. INDIA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 64. INDIA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 65. SOUTH KOREA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 66. SOUTH KOREA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 67. SOUTH KOREA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 68. AUSTRALIA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 69. AUSTRALIA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 70. AUSTRALIA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 71. REST OF ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 72. REST OF ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 73. REST OF ASIA-PACIFIC OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 74. LAMEA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 75. LAMEA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 76. LAMEA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 77. LAMEA OIL CONDITION MONITORING MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 78. BRAZIL OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 79. BRAZIL OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 80. BRAZIL OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 81. SAUDI ARABIA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 82. SAUDI ARABIA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 83. SAUDI ARABIA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 84. UNITED ARAB EMIRATES OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 85. UNITED ARAB EMIRATES OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 86. UNITED ARAB EMIRATES OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 87. SOUTH AFRICA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 88. SOUTH AFRICA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 89. SOUTH AFRICA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 90. REST OF LAMEA OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021-2031 ($MILLION)
    TABLE 91. REST OF LAMEA OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 92. REST OF LAMEA OIL CONDITION MONITORING MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 93. PARKER-HANNIFIN CORPORATION: KEY EXECUTIVES
    TABLE 94. PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT
    TABLE 95. GENERAL ELECTRIC: KEY EXECUTIVES
    TABLE 96. GENERAL ELECTRIC: COMPANY SNAPSHOT
    TABLE 97. SHELL PLC: KEY EXECUTIVES
    TABLE 98. SHELL PLC: COMPANY SNAPSHOT
    TABLE 99. BP PLC: KEY EXECUTIVES
    TABLE 100. BP PLC: COMPANY SNAPSHOT
    TABLE 101. BUREAU VERITAS: KEY EXECUTIVES
    TABLE 102. BUREAU VERITAS: COMPANY SNAPSHOT
    TABLE 103. CHEVRON CORPORATION: KEY EXECUTIVES
    TABLE 104. CHEVRON CORPORATION: COMPANY SNAPSHOT
    TABLE 105. INTERTEK GROUP PLC: KEY EXECUTIVES
    TABLE 106. INTERTEK GROUP PLC: COMPANY SNAPSHOT
    TABLE 107. SGS SA: KEY EXECUTIVES
    TABLE 108. SGS SA: COMPANY SNAPSHOT
    TABLE 109. EATON CORPORATION: KEY EXECUTIVES
    TABLE 110. EATON CORPORATION: COMPANY SNAPSHOT
    TABLE 111. TOTALENERGIES: KEY EXECUTIVES
    TABLE 112. TOTALENERGIES: COMPANY SNAPSHOT

  • LIST OF FIGURES

  • FIGURE 1.OIL CONDITION MONITORING MARKET SEGMENTATION
    FIGURE 2.OIL CONDITION MONITORING MARKET,2021-2031
    FIGURE 3.OIL CONDITION MONITORING MARKET,2021-2031
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.OIL CONDITION MONITORING MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.VALUE CHAIN ANALYSIS
    FIGURE 13.KEY REGULATION ANALYSIS
    FIGURE 14.PATENT ANALYSIS BY COMPANY
    FIGURE 15.PATENT ANALYSIS BY COUNTRY
    FIGURE 16.REGULATORY GUIDELINES
    FIGURE 17.MARKET SHARE ANALYSIS
    FIGURE 18.OIL CONDITION MONITORING MARKET,BY SAMPLING TYPE,2021(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF ON-SITE SAMPLING OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF OFF-SITE SAMPLING OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 21.OIL CONDITION MONITORING MARKET,BY PRODUCT TYPE,2021(%)
    FIGURE 22.COMPARATIVE SHARE ANALYSIS OF TURBINE OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF COMPRESSOR OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF ENGINE OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 25.COMPARATIVE SHARE ANALYSIS OF GEAR SYSTEMS OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 26.COMPARATIVE SHARE ANALYSIS OF HYDRAULIC SYSTEMS OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 27.OIL CONDITION MONITORING MARKET,BY END USER,2021(%)
    FIGURE 28.COMPARATIVE SHARE ANALYSIS OF TRANSPORTATION OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 29.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 30.COMPARATIVE SHARE ANALYSIS OF OIL & GAS OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 31.COMPARATIVE SHARE ANALYSIS OF POWER GENERATION OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 32.COMPARATIVE SHARE ANALYSIS OF MINING OIL CONDITION MONITORING MARKET,2021-2031(%)
    FIGURE 33.OIL CONDITION MONITORING MARKET BY REGION,2021
    FIGURE 34.U.S. OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 35.CANADA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 36.MEXICO OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 37.GERMANY OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 38.UK OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 39.FRANCE OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 40.SPAIN OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 41.ITALY OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 42.REST OF EUROPE OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 43.CHINA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 44.JAPAN OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 45.INDIA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 46.SOUTH KOREA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 47.AUSTRALIA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 48.REST OF ASIA-PACIFIC OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 49.BRAZIL OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 50.SAUDI ARABIA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 51.UNITED ARAB EMIRATES OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 52.SOUTH AFRICA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 53.REST OF LAMEA OIL CONDITION MONITORING MARKET,2021-2031($MILLION)
    FIGURE 54. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 55. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 56. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 57.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 58.COMPETITIVE DASHBOARD
    FIGURE 59.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 60.PARKER-HANNIFIN CORPORATION.: NET SALES ,($MILLION)
    FIGURE 61.GENERAL ELECTRIC.: NET SALES ,($MILLION)
    FIGURE 62.SHELL PLC.: NET SALES ,($MILLION)
    FIGURE 63.BP PLC.: NET SALES ,($MILLION)
    FIGURE 64.BUREAU VERITAS.: NET SALES ,($MILLION)
    FIGURE 65.CHEVRON CORPORATION.: NET SALES ,($MILLION)
    FIGURE 66.INTERTEK GROUP PLC.: NET SALES ,($MILLION)
    FIGURE 67.SGS SA.: NET SALES ,($MILLION)
    FIGURE 68.EATON CORPORATION.: NET SALES ,($MILLION)
    FIGURE 69.TOTALENERGIES.: NET SALES ,($MILLION)

 
 

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FREQUENTLY ASKED QUESTIONS?

A. An increase in the prevalence of predictive maintenance along with rising awareness about extending the operational life of machines and equipment are the major oil condition monitoring market drivers. In addition, advancements in big data analytics and smart sensors are expected to generate excellent opportunities in the oil condition monitoring market.

A. LAMEA will provide more business opportunities for the global oil condition monitoring market in the future.

A. Celanese Corporation, Chevron Corporation., PARKER HANNIFIN CORP, General Electric, BP p.l.c., Shell, Eaton, Intertek Group plc, SGS SA, and Bureau Veritas are the major players in the oil condition monitoring market.

A. An increase in advancements in big data analytics and smart sensor technology is anticipated to boost the oil condition monitoring market in the upcoming years.

A. The off-site sampling sub-segment of the sampling type acquired the maximum share of the global oil condition monitoring market in 2021.

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