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Oil Condition Monitoring-Global Market Insights and Sales Trends 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 size is expected to reach US$ 1279 million by 2029, growing at a CAGR of 9.4% from 2023 to 2029. The market is mainly driven by the significant applications of Oil Condition Monitoring in various end use industries. The expanding demands from the Transportation, Industrial, Oil & Gas and Energy & Power, are propelling Oil Condition Monitoring market. On-Site, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off-Site segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Oil Condition Monitoring, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Oil Condition Monitoring market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Oil Condition Monitoring market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Oil Condition Monitoring sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Oil Condition Monitoring covered in this report include Bureau Veritas, SGS, Intertek, Shell, Chevron, Castrol, Unimarine, Veritas Petroleum Services and Insight Services Inc, etc.
The global Oil Condition Monitoring market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bureau Veritas
SGS
Intertek
Shell
Chevron
Castrol
Unimarine
Veritas Petroleum Services
Insight Services Inc
Global Oil Condition Monitoring market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Oil Condition Monitoring market, Segment by Type:
On-Site
Off-Site
Global Oil Condition Monitoring market, by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Oil Condition Monitoring companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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 size is expected to reach US$ 1279 million by 2029, growing at a CAGR of 9.4% from 2023 to 2029. The market is mainly driven by the significant applications of Oil Condition Monitoring in various end use industries. The expanding demands from the Transportation, Industrial, Oil & Gas and Energy & Power, are propelling Oil Condition Monitoring market. On-Site, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off-Site segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Oil Condition Monitoring, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Oil Condition Monitoring market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Oil Condition Monitoring market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Oil Condition Monitoring sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Oil Condition Monitoring covered in this report include Bureau Veritas, SGS, Intertek, Shell, Chevron, Castrol, Unimarine, Veritas Petroleum Services and Insight Services Inc, etc.
The global Oil Condition Monitoring market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bureau Veritas
SGS
Intertek
Shell
Chevron
Castrol
Unimarine
Veritas Petroleum Services
Insight Services Inc
Global Oil Condition Monitoring market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Oil Condition Monitoring market, Segment by Type:
On-Site
Off-Site
Global Oil Condition Monitoring market, by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Oil Condition Monitoring companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Oil Condition Monitoring
1.1 Oil Condition Monitoring Market Overview
1.1.1 Oil Condition Monitoring Product Scope
1.1.2 Oil Condition Monitoring Market Status and Outlook
1.2 Global Oil Condition Monitoring Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Oil Condition Monitoring Market Size by Region (2018-2029)
1.4 Global Oil Condition Monitoring Historic Market Size by Region (2018-2023)
1.5 Global Oil Condition Monitoring Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Oil Condition Monitoring Market Size (2018-2029)
1.6.1 North America Oil Condition Monitoring Market Size (2018-2029)
1.6.2 Europe Oil Condition Monitoring Market Size (2018-2029)
1.6.3 Asia-Pacific Oil Condition Monitoring Market Size (2018-2029)
1.6.4 Latin America Oil Condition Monitoring Market Size (2018-2029)
1.6.5 Middle East & Africa Oil Condition Monitoring Market Size (2018-2029)
2 Oil Condition Monitoring Market by Type
2.1 Introduction
2.1.1 On-Site
2.1.2 Off-Site
2.2 Global Oil Condition Monitoring Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Oil Condition Monitoring Historic Market Size by Type (2018-2023)
2.2.2 Global Oil Condition Monitoring Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Oil Condition Monitoring Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Oil Condition Monitoring Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Oil Condition Monitoring Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Oil Condition Monitoring Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Oil Condition Monitoring Revenue Breakdown by Type (2018-2029)
3 Oil Condition Monitoring Market Overview by Application
3.1 Introduction
3.1.1 Transportation
3.1.2 Industrial
3.1.3 Oil & Gas
3.1.4 Energy & Power
3.1.5 Mining
3.2 Global Oil Condition Monitoring Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Oil Condition Monitoring Historic Market Size by Application (2018-2023)
3.2.2 Global Oil Condition Monitoring Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Oil Condition Monitoring Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Oil Condition Monitoring Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Oil Condition Monitoring Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Oil Condition Monitoring Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Oil Condition Monitoring Revenue Breakdown by Application (2018-2029)
4 Oil Condition Monitoring Competition Analysis by Players
4.1 Global Oil Condition Monitoring Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Oil Condition Monitoring as of 2022)
4.3 Date of Key Players Enter into Oil Condition Monitoring Market
4.4 Global Top Players Oil Condition Monitoring Headquarters and Area Served
4.5 Key Players Oil Condition Monitoring Product Solution and Service
4.6 Competitive Status
4.6.1 Oil Condition Monitoring Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Bureau Veritas
5.1.1 Bureau Veritas Profile
5.1.2 Bureau Veritas Main Business
5.1.3 Bureau Veritas Oil Condition Monitoring Products, Services and Solutions
5.1.4 Bureau Veritas Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.1.5 Bureau Veritas Recent Developments
5.2 SGS
5.2.1 SGS Profile
5.2.2 SGS Main Business
5.2.3 SGS Oil Condition Monitoring Products, Services and Solutions
5.2.4 SGS Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.2.5 SGS Recent Developments
5.3 Intertek
5.3.1 Intertek Profile
5.3.2 Intertek Main Business
5.3.3 Intertek Oil Condition Monitoring Products, Services and Solutions
5.3.4 Intertek Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.3.5 Shell Recent Developments
5.4 Shell
5.4.1 Shell Profile
5.4.2 Shell Main Business
5.4.3 Shell Oil Condition Monitoring Products, Services and Solutions
5.4.4 Shell Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.4.5 Shell Recent Developments
5.5 Chevron
5.5.1 Chevron Profile
5.5.2 Chevron Main Business
5.5.3 Chevron Oil Condition Monitoring Products, Services and Solutions
5.5.4 Chevron Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.5.5 Chevron Recent Developments
5.6 Castrol
5.6.1 Castrol Profile
5.6.2 Castrol Main Business
5.6.3 Castrol Oil Condition Monitoring Products, Services and Solutions
5.6.4 Castrol Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.6.5 Castrol Recent Developments
5.7 Unimarine
5.7.1 Unimarine Profile
5.7.2 Unimarine Main Business
5.7.3 Unimarine Oil Condition Monitoring Products, Services and Solutions
5.7.4 Unimarine Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.7.5 Unimarine Recent Developments
5.8 Veritas Petroleum Services
5.8.1 Veritas Petroleum Services Profile
5.8.2 Veritas Petroleum Services Main Business
5.8.3 Veritas Petroleum Services Oil Condition Monitoring Products, Services and Solutions
5.8.4 Veritas Petroleum Services Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.8.5 Veritas Petroleum Services Recent Developments
5.9 Insight Services Inc
5.9.1 Insight Services Inc Profile
5.9.2 Insight Services Inc Main Business
5.9.3 Insight Services Inc Oil Condition Monitoring Products, Services and Solutions
5.9.4 Insight Services Inc Oil Condition Monitoring Revenue (US$ Million) & (2018-2023)
5.9.5 Insight Services Inc Recent Developments
6 North America
6.1 North America Oil Condition Monitoring Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Oil Condition Monitoring Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Oil Condition Monitoring Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Oil Condition Monitoring Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Oil Condition Monitoring Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Oil Condition Monitoring Market Dynamics
11.1 Oil Condition Monitoring Industry Trends
11.2 Oil Condition Monitoring Market Drivers
11.3 Oil Condition Monitoring Market Challenges
11.4 Oil Condition Monitoring Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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