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Global Oil Condition Monitoring Market Research Report 2024
Synopsis
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.
The global Oil Condition Monitoring market was valued at US$ 677 million in 2023 and is anticipated to reach US$ 1279 million by 2030, witnessing a CAGR of 9.4% during the forecast period 2024-2030.
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.
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.
Report Scope
The Oil Condition Monitoring market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Oil Condition Monitoring market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Oil Condition Monitoring companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bureau Veritas
SGS
Intertek
Shell
Chevron
Castrol
Unimarine
Veritas Petroleum Services
Insight Services Inc
Segment by Type
On-Site
Off-Site
Segment by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Oil Condition Monitoring companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Oil Condition Monitoring market was valued at US$ 677 million in 2023 and is anticipated to reach US$ 1279 million by 2030, witnessing a CAGR of 9.4% during the forecast period 2024-2030.
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.
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.
Report Scope
The Oil Condition Monitoring market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Oil Condition Monitoring market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Oil Condition Monitoring companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bureau Veritas
SGS
Intertek
Shell
Chevron
Castrol
Unimarine
Veritas Petroleum Services
Insight Services Inc
Segment by Type
On-Site
Off-Site
Segment by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Oil Condition Monitoring companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Oil Condition Monitoring Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 On-Site
1.2.3 Off-Site
1.3 Market by Application
1.3.1 Global Oil Condition Monitoring Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Transportation
1.3.3 Industrial
1.3.4 Oil & Gas
1.3.5 Energy & Power
1.3.6 Mining
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Oil Condition Monitoring Market Perspective (2019-2030)
2.2 Oil Condition Monitoring Growth Trends by Region
2.2.1 Global Oil Condition Monitoring Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Oil Condition Monitoring Historic Market Size by Region (2019-2024)
2.2.3 Oil Condition Monitoring Forecasted Market Size by Region (2025-2030)
2.3 Oil Condition Monitoring Market Dynamics
2.3.1 Oil Condition Monitoring Industry Trends
2.3.2 Oil Condition Monitoring Market Drivers
2.3.3 Oil Condition Monitoring Market Challenges
2.3.4 Oil Condition Monitoring Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Oil Condition Monitoring Players by Revenue
3.1.1 Global Top Oil Condition Monitoring Players by Revenue (2019-2024)
3.1.2 Global Oil Condition Monitoring Revenue Market Share by Players (2019-2024)
3.2 Global Oil Condition Monitoring Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Oil Condition Monitoring Revenue
3.4 Global Oil Condition Monitoring Market Concentration Ratio
3.4.1 Global Oil Condition Monitoring Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Oil Condition Monitoring Revenue in 2023
3.5 Oil Condition Monitoring Key Players Head office and Area Served
3.6 Key Players Oil Condition Monitoring Product Solution and Service
3.7 Date of Enter into Oil Condition Monitoring Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Oil Condition Monitoring Breakdown Data by Type
4.1 Global Oil Condition Monitoring Historic Market Size by Type (2019-2024)
4.2 Global Oil Condition Monitoring Forecasted Market Size by Type (2025-2030)
5 Oil Condition Monitoring Breakdown Data by Application
5.1 Global Oil Condition Monitoring Historic Market Size by Application (2019-2024)
5.2 Global Oil Condition Monitoring Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Oil Condition Monitoring Market Size (2019-2030)
6.2 North America Oil Condition Monitoring Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Oil Condition Monitoring Market Size by Country (2019-2024)
6.4 North America Oil Condition Monitoring Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Oil Condition Monitoring Market Size (2019-2030)
7.2 Europe Oil Condition Monitoring Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Oil Condition Monitoring Market Size by Country (2019-2024)
7.4 Europe Oil Condition Monitoring Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Oil Condition Monitoring Market Size (2019-2030)
8.2 Asia-Pacific Oil Condition Monitoring Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Oil Condition Monitoring Market Size by Region (2019-2024)
8.4 Asia-Pacific Oil Condition Monitoring Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Oil Condition Monitoring Market Size (2019-2030)
9.2 Latin America Oil Condition Monitoring Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Oil Condition Monitoring Market Size by Country (2019-2024)
9.4 Latin America Oil Condition Monitoring Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Oil Condition Monitoring Market Size (2019-2030)
10.2 Middle East & Africa Oil Condition Monitoring Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Oil Condition Monitoring Market Size by Country (2019-2024)
10.4 Middle East & Africa Oil Condition Monitoring Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Bureau Veritas
11.1.1 Bureau Veritas Company Detail
11.1.2 Bureau Veritas Business Overview
11.1.3 Bureau Veritas Oil Condition Monitoring Introduction
11.1.4 Bureau Veritas Revenue in Oil Condition Monitoring Business (2019-2024)
11.1.5 Bureau Veritas Recent Development
11.2 SGS
11.2.1 SGS Company Detail
11.2.2 SGS Business Overview
11.2.3 SGS Oil Condition Monitoring Introduction
11.2.4 SGS Revenue in Oil Condition Monitoring Business (2019-2024)
11.2.5 SGS Recent Development
11.3 Intertek
11.3.1 Intertek Company Detail
11.3.2 Intertek Business Overview
11.3.3 Intertek Oil Condition Monitoring Introduction
11.3.4 Intertek Revenue in Oil Condition Monitoring Business (2019-2024)
11.3.5 Intertek Recent Development
11.4 Shell
11.4.1 Shell Company Detail
11.4.2 Shell Business Overview
11.4.3 Shell Oil Condition Monitoring Introduction
11.4.4 Shell Revenue in Oil Condition Monitoring Business (2019-2024)
11.4.5 Shell Recent Development
11.5 Chevron
11.5.1 Chevron Company Detail
11.5.2 Chevron Business Overview
11.5.3 Chevron Oil Condition Monitoring Introduction
11.5.4 Chevron Revenue in Oil Condition Monitoring Business (2019-2024)
11.5.5 Chevron Recent Development
11.6 Castrol
11.6.1 Castrol Company Detail
11.6.2 Castrol Business Overview
11.6.3 Castrol Oil Condition Monitoring Introduction
11.6.4 Castrol Revenue in Oil Condition Monitoring Business (2019-2024)
11.6.5 Castrol Recent Development
11.7 Unimarine
11.7.1 Unimarine Company Detail
11.7.2 Unimarine Business Overview
11.7.3 Unimarine Oil Condition Monitoring Introduction
11.7.4 Unimarine Revenue in Oil Condition Monitoring Business (2019-2024)
11.7.5 Unimarine Recent Development
11.8 Veritas Petroleum Services
11.8.1 Veritas Petroleum Services Company Detail
11.8.2 Veritas Petroleum Services Business Overview
11.8.3 Veritas Petroleum Services Oil Condition Monitoring Introduction
11.8.4 Veritas Petroleum Services Revenue in Oil Condition Monitoring Business (2019-2024)
11.8.5 Veritas Petroleum Services Recent Development
11.9 Insight Services Inc
11.9.1 Insight Services Inc Company Detail
11.9.2 Insight Services Inc Business Overview
11.9.3 Insight Services Inc Oil Condition Monitoring Introduction
11.9.4 Insight Services Inc Revenue in Oil Condition Monitoring Business (2019-2024)
11.9.5 Insight Services Inc Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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