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Global Oil Condition Monitoring System 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 System market was valued at US$ 677 million in 2023 and is anticipated to reach US$ 855.6 million by 2030, witnessing a CAGR of 3.3% 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 System, 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 System.
Report Scope
The Oil Condition Monitoring System market size, estimations, and forecasts are provided in terms of output/shipments (Units) and 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 System 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 System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, 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 SA (France)
Intertek Group plc (UK)
Parker Hannifin Corporation (US)
Castrol Limited (UK)
General Electric Company (US)
Test Oil (Insight Services, Inc.) (US)
Spectro Analytical Instruments GmbH (Germany)
Chevron (US)
Shell (NL)
Tribomar GmbH (DE)
Avenisense S.A. (FR)
Poseidon Systems, LLC (US)
Micromem Applied Sensor Technologies Inc. (US)
Segment by Type
On-site
Off-site
Segment by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, 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: Detailed analysis of Oil Condition Monitoring System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Oil Condition Monitoring System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Oil Condition Monitoring System 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: 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 System market was valued at US$ 677 million in 2023 and is anticipated to reach US$ 855.6 million by 2030, witnessing a CAGR of 3.3% 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 System, 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 System.
Report Scope
The Oil Condition Monitoring System market size, estimations, and forecasts are provided in terms of output/shipments (Units) and 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 System 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 System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, 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 SA (France)
Intertek Group plc (UK)
Parker Hannifin Corporation (US)
Castrol Limited (UK)
General Electric Company (US)
Test Oil (Insight Services, Inc.) (US)
Spectro Analytical Instruments GmbH (Germany)
Chevron (US)
Shell (NL)
Tribomar GmbH (DE)
Avenisense S.A. (FR)
Poseidon Systems, LLC (US)
Micromem Applied Sensor Technologies Inc. (US)
Segment by Type
On-site
Off-site
Segment by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, 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: Detailed analysis of Oil Condition Monitoring System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Oil Condition Monitoring System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Oil Condition Monitoring System 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Oil Condition Monitoring System Market Overview
1.1 Product Definition
1.2 Oil Condition Monitoring System Segment by Type
1.2.1 Global Oil Condition Monitoring System Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 On-site
1.2.3 Off-site
1.3 Oil Condition Monitoring System Segment by Application
1.3.1 Global Oil Condition Monitoring System Market Value Growth Rate Analysis by Application: 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
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Oil Condition Monitoring System Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Oil Condition Monitoring System Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Oil Condition Monitoring System Production Estimates and Forecasts (2019-2030)
1.4.4 Global Oil Condition Monitoring System Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Oil Condition Monitoring System Production Market Share by Manufacturers (2019-2024)
2.2 Global Oil Condition Monitoring System Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Oil Condition Monitoring System, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Oil Condition Monitoring System Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Oil Condition Monitoring System Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Oil Condition Monitoring System, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Oil Condition Monitoring System, Product Offered and Application
2.8 Global Key Manufacturers of Oil Condition Monitoring System, Date of Enter into This Industry
2.9 Oil Condition Monitoring System Market Competitive Situation and Trends
2.9.1 Oil Condition Monitoring System Market Concentration Rate
2.9.2 Global 5 and 10 Largest Oil Condition Monitoring System Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Oil Condition Monitoring System Production by Region
3.1 Global Oil Condition Monitoring System Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Oil Condition Monitoring System Production Value by Region (2019-2030)
3.2.1 Global Oil Condition Monitoring System Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Oil Condition Monitoring System by Region (2025-2030)
3.3 Global Oil Condition Monitoring System Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Oil Condition Monitoring System Production by Region (2019-2030)
3.4.1 Global Oil Condition Monitoring System Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Oil Condition Monitoring System by Region (2025-2030)
3.5 Global Oil Condition Monitoring System Market Price Analysis by Region (2019-2024)
3.6 Global Oil Condition Monitoring System Production and Value, Year-over-Year Growth
3.6.1 North America Oil Condition Monitoring System Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Oil Condition Monitoring System Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Oil Condition Monitoring System Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Oil Condition Monitoring System Production Value Estimates and Forecasts (2019-2030)
4 Oil Condition Monitoring System Consumption by Region
4.1 Global Oil Condition Monitoring System Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Oil Condition Monitoring System Consumption by Region (2019-2030)
4.2.1 Global Oil Condition Monitoring System Consumption by Region (2019-2024)
4.2.2 Global Oil Condition Monitoring System Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Oil Condition Monitoring System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Oil Condition Monitoring System Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Oil Condition Monitoring System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Oil Condition Monitoring System Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Oil Condition Monitoring System Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Oil Condition Monitoring System Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Oil Condition Monitoring System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Oil Condition Monitoring System Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Oil Condition Monitoring System Production by Type (2019-2030)
5.1.1 Global Oil Condition Monitoring System Production by Type (2019-2024)
5.1.2 Global Oil Condition Monitoring System Production by Type (2025-2030)
5.1.3 Global Oil Condition Monitoring System Production Market Share by Type (2019-2030)
5.2 Global Oil Condition Monitoring System Production Value by Type (2019-2030)
5.2.1 Global Oil Condition Monitoring System Production Value by Type (2019-2024)
5.2.2 Global Oil Condition Monitoring System Production Value by Type (2025-2030)
5.2.3 Global Oil Condition Monitoring System Production Value Market Share by Type (2019-2030)
5.3 Global Oil Condition Monitoring System Price by Type (2019-2030)
6 Segment by Application
6.1 Global Oil Condition Monitoring System Production by Application (2019-2030)
6.1.1 Global Oil Condition Monitoring System Production by Application (2019-2024)
6.1.2 Global Oil Condition Monitoring System Production by Application (2025-2030)
6.1.3 Global Oil Condition Monitoring System Production Market Share by Application (2019-2030)
6.2 Global Oil Condition Monitoring System Production Value by Application (2019-2030)
6.2.1 Global Oil Condition Monitoring System Production Value by Application (2019-2024)
6.2.2 Global Oil Condition Monitoring System Production Value by Application (2025-2030)
6.2.3 Global Oil Condition Monitoring System Production Value Market Share by Application (2019-2030)
6.3 Global Oil Condition Monitoring System Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Bureau Veritas SA (France)
7.1.1 Bureau Veritas SA (France) Oil Condition Monitoring System Corporation Information
7.1.2 Bureau Veritas SA (France) Oil Condition Monitoring System Product Portfolio
7.1.3 Bureau Veritas SA (France) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Bureau Veritas SA (France) Main Business and Markets Served
7.1.5 Bureau Veritas SA (France) Recent Developments/Updates
7.2 Intertek Group plc (UK)
7.2.1 Intertek Group plc (UK) Oil Condition Monitoring System Corporation Information
7.2.2 Intertek Group plc (UK) Oil Condition Monitoring System Product Portfolio
7.2.3 Intertek Group plc (UK) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Intertek Group plc (UK) Main Business and Markets Served
7.2.5 Intertek Group plc (UK) Recent Developments/Updates
7.3 Parker Hannifin Corporation (US)
7.3.1 Parker Hannifin Corporation (US) Oil Condition Monitoring System Corporation Information
7.3.2 Parker Hannifin Corporation (US) Oil Condition Monitoring System Product Portfolio
7.3.3 Parker Hannifin Corporation (US) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Parker Hannifin Corporation (US) Main Business and Markets Served
7.3.5 Parker Hannifin Corporation (US) Recent Developments/Updates
7.4 Castrol Limited (UK)
7.4.1 Castrol Limited (UK) Oil Condition Monitoring System Corporation Information
7.4.2 Castrol Limited (UK) Oil Condition Monitoring System Product Portfolio
7.4.3 Castrol Limited (UK) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Castrol Limited (UK) Main Business and Markets Served
7.4.5 Castrol Limited (UK) Recent Developments/Updates
7.5 General Electric Company (US)
7.5.1 General Electric Company (US) Oil Condition Monitoring System Corporation Information
7.5.2 General Electric Company (US) Oil Condition Monitoring System Product Portfolio
7.5.3 General Electric Company (US) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.5.4 General Electric Company (US) Main Business and Markets Served
7.5.5 General Electric Company (US) Recent Developments/Updates
7.6 Test Oil (Insight Services, Inc.) (US)
7.6.1 Test Oil (Insight Services, Inc.) (US) Oil Condition Monitoring System Corporation Information
7.6.2 Test Oil (Insight Services, Inc.) (US) Oil Condition Monitoring System Product Portfolio
7.6.3 Test Oil (Insight Services, Inc.) (US) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Test Oil (Insight Services, Inc.) (US) Main Business and Markets Served
7.6.5 Test Oil (Insight Services, Inc.) (US) Recent Developments/Updates
7.7 Spectro Analytical Instruments GmbH (Germany)
7.7.1 Spectro Analytical Instruments GmbH (Germany) Oil Condition Monitoring System Corporation Information
7.7.2 Spectro Analytical Instruments GmbH (Germany) Oil Condition Monitoring System Product Portfolio
7.7.3 Spectro Analytical Instruments GmbH (Germany) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Spectro Analytical Instruments GmbH (Germany) Main Business and Markets Served
7.7.5 Spectro Analytical Instruments GmbH (Germany) Recent Developments/Updates
7.8 Chevron (US)
7.8.1 Chevron (US) Oil Condition Monitoring System Corporation Information
7.8.2 Chevron (US) Oil Condition Monitoring System Product Portfolio
7.8.3 Chevron (US) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Chevron (US) Main Business and Markets Served
7.7.5 Chevron (US) Recent Developments/Updates
7.9 Shell (NL)
7.9.1 Shell (NL) Oil Condition Monitoring System Corporation Information
7.9.2 Shell (NL) Oil Condition Monitoring System Product Portfolio
7.9.3 Shell (NL) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shell (NL) Main Business and Markets Served
7.9.5 Shell (NL) Recent Developments/Updates
7.10 Tribomar GmbH (DE)
7.10.1 Tribomar GmbH (DE) Oil Condition Monitoring System Corporation Information
7.10.2 Tribomar GmbH (DE) Oil Condition Monitoring System Product Portfolio
7.10.3 Tribomar GmbH (DE) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Tribomar GmbH (DE) Main Business and Markets Served
7.10.5 Tribomar GmbH (DE) Recent Developments/Updates
7.11 Avenisense S.A. (FR)
7.11.1 Avenisense S.A. (FR) Oil Condition Monitoring System Corporation Information
7.11.2 Avenisense S.A. (FR) Oil Condition Monitoring System Product Portfolio
7.11.3 Avenisense S.A. (FR) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Avenisense S.A. (FR) Main Business and Markets Served
7.11.5 Avenisense S.A. (FR) Recent Developments/Updates
7.12 Poseidon Systems, LLC (US)
7.12.1 Poseidon Systems, LLC (US) Oil Condition Monitoring System Corporation Information
7.12.2 Poseidon Systems, LLC (US) Oil Condition Monitoring System Product Portfolio
7.12.3 Poseidon Systems, LLC (US) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Poseidon Systems, LLC (US) Main Business and Markets Served
7.12.5 Poseidon Systems, LLC (US) Recent Developments/Updates
7.13 Micromem Applied Sensor Technologies Inc. (US)
7.13.1 Micromem Applied Sensor Technologies Inc. (US) Oil Condition Monitoring System Corporation Information
7.13.2 Micromem Applied Sensor Technologies Inc. (US) Oil Condition Monitoring System Product Portfolio
7.13.3 Micromem Applied Sensor Technologies Inc. (US) Oil Condition Monitoring System Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Micromem Applied Sensor Technologies Inc. (US) Main Business and Markets Served
7.13.5 Micromem Applied Sensor Technologies Inc. (US) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Oil Condition Monitoring System Industry Chain Analysis
8.2 Oil Condition Monitoring System Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Oil Condition Monitoring System Production Mode & Process
8.4 Oil Condition Monitoring System Sales and Marketing
8.4.1 Oil Condition Monitoring System Sales Channels
8.4.2 Oil Condition Monitoring System Distributors
8.5 Oil Condition Monitoring System Customers
9 Oil Condition Monitoring System Market Dynamics
9.1 Oil Condition Monitoring System Industry Trends
9.2 Oil Condition Monitoring System Market Drivers
9.3 Oil Condition Monitoring System Market Challenges
9.4 Oil Condition Monitoring System Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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