Report overview
Oil analysis provides a detailed view of what is happening within machine components during operation. For decades, oil analysis has helped diagnose the internal conditions of oil-wetted components and their lubricants in virtually every industry that involves heavy duty machinery or stationary industrial equipment. Any company that operates equipment using oil, fuel or coolant can realize substantial returns from a minimal investment in this type of testing. While early oil analysis test methods were shockingly simple, present-day processes employ the most advanced analytical tools and technologies. Commercial oil analysis uses a combination of physical and chemical tests to monitor lubricant and component conditions ? much like what we learn when testing blood samples from people. Oil condition monitoring (OCM) testing predictive maintenance programs help clients avoid costly machinery, engine and power-train failures.
This report aims to provide a comprehensive presentation of the global market for Oil Condition Monitoring, 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 Oil Condition Monitoring. This report contains market size and forecasts of Oil Condition Monitoring in global, including the following market information:
Global Oil Condition Monitoring Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Oil Condition Monitoring market was valued at US$ 696.6 million in 2022 and is projected to reach US$ 1273.1 million by 2029, at a CAGR of 9.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Oil Condition Monitoring key players include Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, etc. Global top five manufacturers hold a share about 70%. Europe is the largest market, with a share about 40%, followed by North America, with a share about 30 percent. In terms of product, Off-site is the largest segment, with a share about 75%. And in terms of application, the largest application is Oil & Gas, followed by Transportation, Industrial, Energy & Power, Mining, etc.
We surveyed the Oil Condition Monitoring companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oil Condition Monitoring Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Oil Condition Monitoring Market Segment Percentages, by Type, 2022 (%)
On-Site
Off-Site
Global Oil Condition Monitoring Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Oil Condition Monitoring Market Segment Percentages, by Application, 2022 (%)
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
Global Oil Condition Monitoring Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Oil Condition Monitoring Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oil Condition Monitoring revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Oil Condition Monitoring revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bureau Veritas
SGS
Intertek
Shell
Chevron
Castrol
Unimarine
Veritas Petroleum Services
Insight Services Inc
Outline of Major Chapters:
Chapter 1: Introduces the definition of Oil Condition Monitoring, market overview.
Chapter 2: Global Oil Condition Monitoring market size in revenue.
Chapter 3: Detailed analysis of Oil Condition Monitoring company competitive landscape, revenue and 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: Sales of Oil Condition Monitoring in regional level and country level. 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 of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.
