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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Oil Condition Monitoring Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Oil Condition Monitoring Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Oil Condition Monitoring Overall Market Size
2.1 Global Oil Condition Monitoring Market Size: 2022 VS 2029
2.2 Global Oil Condition Monitoring Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Oil Condition Monitoring Players in Global Market
3.2 Top Global Oil Condition Monitoring Companies Ranked by Revenue
3.3 Global Oil Condition Monitoring Revenue by Companies
3.4 Top 3 and Top 5 Oil Condition Monitoring Companies in Global Market, by Revenue in 2022
3.5 Global Companies Oil Condition Monitoring Product Type
3.6 Tier 1, Tier 2 and Tier 3 Oil Condition Monitoring Players in Global Market
3.6.1 List of Global Tier 1 Oil Condition Monitoring Companies
3.6.2 List of Global Tier 2 and Tier 3 Oil Condition Monitoring Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Oil Condition Monitoring Market Size Markets, 2022 & 2029
4.1.2 On-Site
4.1.3 Off-Site
4.2 By Type - Global Oil Condition Monitoring Revenue & Forecasts
4.2.1 By Type - Global Oil Condition Monitoring Revenue, 2018-2023
4.2.2 By Type - Global Oil Condition Monitoring Revenue, 2024-2029
4.2.3 By Type - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Oil Condition Monitoring Market Size, 2022 & 2029
5.1.2 Transportation
5.1.3 Industrial
5.1.4 Oil & Gas
5.1.5 Energy & Power
5.1.6 Mining
5.2 By Application - Global Oil Condition Monitoring Revenue & Forecasts
5.2.1 By Application - Global Oil Condition Monitoring Revenue, 2018-2023
5.2.2 By Application - Global Oil Condition Monitoring Revenue, 2024-2029
5.2.3 By Application - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Oil Condition Monitoring Market Size, 2022 & 2029
6.2 By Region - Global Oil Condition Monitoring Revenue & Forecasts
6.2.1 By Region - Global Oil Condition Monitoring Revenue, 2018-2023
6.2.2 By Region - Global Oil Condition Monitoring Revenue, 2024-2029
6.2.3 By Region - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Oil Condition Monitoring Revenue, 2018-2029
6.3.2 US Oil Condition Monitoring Market Size, 2018-2029
6.3.3 Canada Oil Condition Monitoring Market Size, 2018-2029
6.3.4 Mexico Oil Condition Monitoring Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Oil Condition Monitoring Revenue, 2018-2029
6.4.2 Germany Oil Condition Monitoring Market Size, 2018-2029
6.4.3 France Oil Condition Monitoring Market Size, 2018-2029
6.4.4 U.K. Oil Condition Monitoring Market Size, 2018-2029
6.4.5 Italy Oil Condition Monitoring Market Size, 2018-2029
6.4.6 Russia Oil Condition Monitoring Market Size, 2018-2029
6.4.7 Nordic Countries Oil Condition Monitoring Market Size, 2018-2029
6.4.8 Benelux Oil Condition Monitoring Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Oil Condition Monitoring Revenue, 2018-2029
6.5.2 China Oil Condition Monitoring Market Size, 2018-2029
6.5.3 Japan Oil Condition Monitoring Market Size, 2018-2029
6.5.4 South Korea Oil Condition Monitoring Market Size, 2018-2029
6.5.5 Southeast Asia Oil Condition Monitoring Market Size, 2018-2029
6.5.6 India Oil Condition Monitoring Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Oil Condition Monitoring Revenue, 2018-2029
6.6.2 Brazil Oil Condition Monitoring Market Size, 2018-2029
6.6.3 Argentina Oil Condition Monitoring Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Oil Condition Monitoring Revenue, 2018-2029
6.7.2 Turkey Oil Condition Monitoring Market Size, 2018-2029
6.7.3 Israel Oil Condition Monitoring Market Size, 2018-2029
6.7.4 Saudi Arabia Oil Condition Monitoring Market Size, 2018-2029
6.7.5 UAE Oil Condition Monitoring Market Size, 2018-2029
7 Oil Condition Monitoring Companies Profiles
7.1 Bureau Veritas
7.1.1 Bureau Veritas Company Summary
7.1.2 Bureau Veritas Business Overview
7.1.3 Bureau Veritas Oil Condition Monitoring Major Product Offerings
7.1.4 Bureau Veritas Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.1.5 Bureau Veritas Key News & Latest Developments
7.2 SGS
7.2.1 SGS Company Summary
7.2.2 SGS Business Overview
7.2.3 SGS Oil Condition Monitoring Major Product Offerings
7.2.4 SGS Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.2.5 SGS Key News & Latest Developments
7.3 Intertek
7.3.1 Intertek Company Summary
7.3.2 Intertek Business Overview
7.3.3 Intertek Oil Condition Monitoring Major Product Offerings
7.3.4 Intertek Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.3.5 Intertek Key News & Latest Developments
7.4 Shell
7.4.1 Shell Company Summary
7.4.2 Shell Business Overview
7.4.3 Shell Oil Condition Monitoring Major Product Offerings
7.4.4 Shell Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.4.5 Shell Key News & Latest Developments
7.5 Chevron
7.5.1 Chevron Company Summary
7.5.2 Chevron Business Overview
7.5.3 Chevron Oil Condition Monitoring Major Product Offerings
7.5.4 Chevron Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.5.5 Chevron Key News & Latest Developments
7.6 Castrol
7.6.1 Castrol Company Summary
7.6.2 Castrol Business Overview
7.6.3 Castrol Oil Condition Monitoring Major Product Offerings
7.6.4 Castrol Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.6.5 Castrol Key News & Latest Developments
7.7 Unimarine
7.7.1 Unimarine Company Summary
7.7.2 Unimarine Business Overview
7.7.3 Unimarine Oil Condition Monitoring Major Product Offerings
7.7.4 Unimarine Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.7.5 Unimarine Key News & Latest Developments
7.8 Veritas Petroleum Services
7.8.1 Veritas Petroleum Services Company Summary
7.8.2 Veritas Petroleum Services Business Overview
7.8.3 Veritas Petroleum Services Oil Condition Monitoring Major Product Offerings
7.8.4 Veritas Petroleum Services Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.8.5 Veritas Petroleum Services Key News & Latest Developments
7.9 Insight Services Inc
7.9.1 Insight Services Inc Company Summary
7.9.2 Insight Services Inc Business Overview
7.9.3 Insight Services Inc Oil Condition Monitoring Major Product Offerings
7.9.4 Insight Services Inc Oil Condition Monitoring Revenue in Global Market (2018-2023)
7.9.5 Insight Services Inc Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Oil Condition Monitoring Market Opportunities & Trends in Global Market
Table 2. Oil Condition Monitoring Market Drivers in Global Market
Table 3. Oil Condition Monitoring Market Restraints in Global Market
Table 4. Key Players of Oil Condition Monitoring in Global Market
Table 5. Top Oil Condition Monitoring Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Oil Condition Monitoring Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Oil Condition Monitoring Revenue Share by Companies, 2018-2023
Table 8. Global Companies Oil Condition Monitoring Product Type
Table 9. List of Global Tier 1 Oil Condition Monitoring Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Oil Condition Monitoring Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Oil Condition Monitoring Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Oil Condition Monitoring Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Oil Condition Monitoring Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Oil Condition Monitoring Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Oil Condition Monitoring Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Oil Condition Monitoring Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Oil Condition Monitoring Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Oil Condition Monitoring Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Oil Condition Monitoring Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Oil Condition Monitoring Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Oil Condition Monitoring Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Oil Condition Monitoring Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Oil Condition Monitoring Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Oil Condition Monitoring Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Oil Condition Monitoring Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Oil Condition Monitoring Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Oil Condition Monitoring Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Oil Condition Monitoring Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Oil Condition Monitoring Revenue, (US$, Mn), 2024-2029
Table 30. Bureau Veritas Company Summary
Table 31. Bureau Veritas Oil Condition Monitoring Product Offerings
Table 32. Bureau Veritas Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 33. Bureau Veritas Key News & Latest Developments
Table 34. SGS Company Summary
Table 35. SGS Oil Condition Monitoring Product Offerings
Table 36. SGS Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 37. SGS Key News & Latest Developments
Table 38. Intertek Company Summary
Table 39. Intertek Oil Condition Monitoring Product Offerings
Table 40. Intertek Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 41. Intertek Key News & Latest Developments
Table 42. Shell Company Summary
Table 43. Shell Oil Condition Monitoring Product Offerings
Table 44. Shell Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 45. Shell Key News & Latest Developments
Table 46. Chevron Company Summary
Table 47. Chevron Oil Condition Monitoring Product Offerings
Table 48. Chevron Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 49. Chevron Key News & Latest Developments
Table 50. Castrol Company Summary
Table 51. Castrol Oil Condition Monitoring Product Offerings
Table 52. Castrol Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 53. Castrol Key News & Latest Developments
Table 54. Unimarine Company Summary
Table 55. Unimarine Oil Condition Monitoring Product Offerings
Table 56. Unimarine Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 57. Unimarine Key News & Latest Developments
Table 58. Veritas Petroleum Services Company Summary
Table 59. Veritas Petroleum Services Oil Condition Monitoring Product Offerings
Table 60. Veritas Petroleum Services Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 61. Veritas Petroleum Services Key News & Latest Developments
Table 62. Insight Services Inc Company Summary
Table 63. Insight Services Inc Oil Condition Monitoring Product Offerings
Table 64. Insight Services Inc Oil Condition Monitoring Revenue (US$, Mn) & (2018-2023)
Table 65. Insight Services Inc Key News & Latest Developments
List of Figures
Figure 1. Oil Condition Monitoring Segment by Type in 2022
Figure 2. Oil Condition Monitoring Segment by Application in 2022
Figure 3. Global Oil Condition Monitoring Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Oil Condition Monitoring Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Oil Condition Monitoring Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Oil Condition Monitoring Revenue in 2022
Figure 8. By Type - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 9. By Application - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 10. By Type - Global Oil Condition Monitoring Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 12. By Application - Global Oil Condition Monitoring Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 14. By Region - Global Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 15. By Country - North America Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 16. US Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 20. Germany Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 21. France Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 28. China Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 32. India Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 34. Brazil Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Oil Condition Monitoring Revenue Market Share, 2018-2029
Figure 37. Turkey Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Oil Condition Monitoring Revenue, (US$, Mn), 2018-2029
Figure 41. Bureau Veritas Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. SGS Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Intertek Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Shell Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Chevron Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Castrol Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Unimarine Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Veritas Petroleum Services Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Insight Services Inc Oil Condition Monitoring Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
