Oil Condition Monitoring Market

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.

Oil Condition Monitoring Market contains market size and forecasts of Oil Condition Monitoring in Global, including the following market information:

Global Oil Condition Monitoring Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Oil Condition Monitoring market was valued at 696.6 million in 2021 and is projected to reach US$ 1273.1 million by 2028, at a CAGR of 9.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

On-Site Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Oil Condition Monitoring include Bureau Veritas, SGS, Intertek, Shell, Chevron, Castrol, Unimarine, Veritas Petroleum Services and Insight Services Inc. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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, 2017-2022, 2023-2028 ($ millions)

Global Oil Condition Monitoring Market Segment Percentages, by Type, 2021 (%)

On-Site

Off-Site

Global Oil Condition Monitoring Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Oil Condition Monitoring Market Segment Percentages, by Application, 2021 (%)

Transportation

Industrial

Oil & Gas

Energy & Power

Mining

Global Oil Condition Monitoring Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Oil Condition Monitoring Market Segment Percentages, By Region and Country, 2021 (%)

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, 2017-2022 (estimated), ($ millions)

Key companies Oil Condition Monitoring revenues share in global market, 2021 (%)

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