Global Oil Condition Monitoring market projected to drive by the rise in demand for time optimization and reduce maintenance cost
Global oil condition monitoring market likely to grow with a remarkable rate during the forecast period, 2020-2027, as oil condition monitoring help in determining the significant diagnosis and prognosis of types of machine and engine equipment to give a valuable output. Additionally, the surge in demand for oil condition monitoring for predictive maintenance schedule of any mechanical equipment such as measurement, monitoring, and analysis of the changes in lubricant and fuel oils will trigger the growth of global oil condition monitoring market size. Oil condition monitoring helpful in monitoring the use of lubricants. The technical status of oil products can be grasped in time to prevent equipment lubrication accidents and extend the service life of oil products.
Moreover, the increasing demand for devices by transportation and oil industry, which monitor the oil level, quality, and temperature, avoid engine damage caused by low oil levels, poor oil quality, and abnormal oil temperatures, thus influence the growth of oil condition monitoring industry in the future timespan. Furthermore, the growing use of IoT based oil condition monitoring system oil to analyze in real-time using online sensors will boost the growth of the oil condition monitoring industry. These Industrial IoT in the oil condition monitoring services landscape is leveraged with portable data collectors, and operators can further investigate data records that reveal the health and aberrant condition of components.
Sampling Type Overview in the Global Oil Condition Monitoring Market
Based on the sampling type, the global Oil Condition Monitoring market bifurcated into On-site and Off-site. The On-site segment expected to register CAGR by 2027, owing to the oil condition monitoring eliminates equipment downtime and maintains productivity and ensures the proper functioning of engines used in industries.
Product Type Overview in the Global Oil Condition Monitoring market
Based on product type, the global Oil Condition Monitoring market classified into Turbines, Compressors, Engines, Gear Systems, and Hydraulic systems. The Turbines segment estimated to generate maximum revenue by 2027, attributable to turbines, is used for various industries, which need scheduled check-ups for efficient operations along with turbines that are more prone to be damaged due to friction.
Measurement Type Overview in the Global Oil Condition Monitoring Market
Based on measurement type, the global Oil Condition Monitoring market classified into Temperature, Pressure, Density, Viscosity, Dielectric, TAN, TBN, Water dilution, Fuel dilution, Soot, and Wear particles. The Viscosity segment projected to lead the market due to the oil condition monitoring provide major benefits such as measuring oil aging and preventing initial mechanical failures due to reduced oil lubrication performance.
End-User Industry Overview in the Global Oil Condition Monitoring Market
Based on the end-user industry, the global Oil Condition Monitoring market categorized into Transportation, Oil & Gas, Power Generation, Industrial, and Mining. Transportation segments estimated to dominate the market by 2027 as a result of the oil condition monitoring helping the transportation industry to improve and monitor the performance of assets to perform their core business activities effectively.
Regional Overview in the Global Oil Condition Monitoring Market
By geography, the Global Oil Condition Monitoring Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America predicted to dominate the market by 2027, owing to the rise in the adoption of predictive maintenance technologies in various industries along with the presence of major players in industries such as automotive, oil & gas, power generation, and mining.
Global Oil Condition Monitoring Market: Competitive Landscape
Companies such as Parker Hannifin, Chevron, General Electric, Shell, Bureau Veritas, BP, Eato, Intertek Group, SGS, Total, Eaton, Exxon Mobil Corporation, and Veritas Petroleum Services are the key players in the Global Oil Condition Monitoring Market.
Global Oil Condition Monitoring Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 5. Global Oil Condition Monitoring Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Sampling Type 5.2.1.1. On-site 5.2.1.2. Off-site 5.2.2. By Product Type 5.2.2.1. Turbines 5.2.2.2. Compressors 5.2.2.3. Engines 5.2.2.4. Gear Systems 5.2.2.5. Hydraulic Systems 5.2.3. By Measurement Type 5.2.3.1. Temperature 5.2.3.2. Pressure 5.2.3.3. Density 5.2.3.4. Visocity 5.2.3.5. Dielectric 5.2.3.6. TAN 5.2.3.7. TBN 5.2.3.8. Water dilution 5.2.3.9. Fuel dilution 5.2.3.10. Soot 5.2.3.11. Wear particles 5.2.4. By End-User Industry 5.2.4.1. Transportation 5.2.4.1.1. Automotive 5.2.4.1.2. Aerospace 5.2.4.1.3. Marine 5.2.4.1.4. Heavy Vehicle 5.2.4.1.5. Locomotive 5.2.4.2. Oil & Gas 5.2.4.3. Power Generation 5.2.4.4. Industrial 5.2.4.5. Mining 5.2.5. By Region 5.2.5.1. North America 5.2.5.2. Europe 5.2.5.3. Asia Pacific 5.2.5.4. South America 5.2.5.5. Middle East & Africa 6. North America Oil Condition Monitoring Market Overview 6.1. North America Oil Condition Monitoring Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Oil Condition Monitoring Market Share & Forecast, 2016-2027 6.2.1. By Sampling Type 6.2.1.1. On-site 6.2.1.2. Off-site 6.2.2. By Product Type 6.2.2.1. Turbines 6.2.2.2. Compressors 6.2.2.3. Engines 6.2.2.4. Gear Systems 6.2.2.5. Hydraulic Systems 6.2.3. By Measurement Type 6.2.3.1. Temperature 6.2.3.2. Pressure 6.2.3.3. Density 6.2.3.4. Visocity 6.2.3.5. Dielectric 6.2.3.6. TAN 6.2.3.7. TBN 6.2.3.8. Water dilution 6.2.3.9. Fuel dilution 6.2.3.10. Soot 6.2.3.11. Wear particles 6.2.4. By End-User Industry 6.2.4.1. Transportation 6.2.4.1.1. Automotive 6.2.4.1.2. Aerospace 6.2.4.1.3. Marine 6.2.4.1.4. Heavy Vehicle 6.2.4.1.5. Locomotive 6.2.4.2. Oil & Gas 6.2.4.3. Power Generation 6.2.4.4. Industrial 6.2.4.5. Mining 6.2.5. By Country 6.2.5.1. US 6.2.5.2. Canada 6.2.5.3. Mexico 6.2.6. Price-Point Analysis 6.2.7. Manufacturer & Distributor List (Top 5) 6.2.8. Company Market Share (Top 3-5) 6.2.9. Economic Impact Study on North America Oil Condition Monitoring Market 7. Europe Oil Condition Monitoring Market Overview 7.1. Europe Oil Condition Monitoring Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Oil Condition Monitoring Market Share & Forecast, 2016-2027 7.2.1. By Sampling Type 7.2.1.1. On-site 7.2.1.2. Off-site 7.2.2. By Product Type 7.2.2.1. Turbines 7.2.2.2. Compressors 7.2.2.3. Engines 7.2.2.4. Gear Systems 7.2.2.5. Hydraulic Systems 7.2.3. By Measurement Type 7.2.3.1. Temperature 7.2.3.2. Pressure 7.2.3.3. Density 7.2.3.4. Visocity 7.2.3.5. Dielectric 7.2.3.6. TAN 7.2.3.7. TBN 7.2.3.8. Water dilution 7.2.3.9. Fuel dilution 7.2.3.10. Soot 7.2.3.11. Wear particles 7.2.4. By End-User Industry 7.2.4.1. Transportation 7.2.4.1.1. Automotive 7.2.4.1.2. Aerospace 7.2.4.1.3. Marine 7.2.4.1.4. Heavy Vehicle 7.2.4.1.5. Locomotive 7.2.4.2. Oil & Gas 7.2.4.3. Power Generation 7.2.4.4. Industrial 7.2.4.5. Mining 7.2.5. By Country 7.2.5.1. Germany 7.2.5.2. UK 7.2.5.3. France 7.2.5.4. Italy 7.2.5.5. Rest of Europe 7.2.6. Price-Point Analysis 7.2.7. Manufacturer & Distributor List (Top 5) 7.2.8. Company Market Share (Top 3-5) 7.2.9. Economic Impact Study on Europe Oil Condition Monitoring Market 8. Asia Pacific Oil Condition Monitoring Market Overview 8.1. Asia Pacific Oil Condition Monitoring Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Oil Condition Monitoring Market Share & Forecast, 2016-2027 8.2.1. By Sampling Type 8.2.1.1. On-site 8.2.1.2. Off-site 8.2.2. By Product Type 8.2.2.1. Turbines 8.2.2.2. Compressors 8.2.2.3. Engines 8.2.2.4. Gear Systems 8.2.2.5. Hydraulic Systems 8.2.3. By Measurement Type 8.2.3.1. Temperature 8.2.3.2. Pressure 8.2.3.3. Density 8.2.3.4. Visocity 8.2.3.5. Dielectric 8.2.3.6. TAN 8.2.3.7. TBN 8.2.3.8. Water dilution 8.2.3.9. Fuel dilution 8.2.3.10. Soot 8.2.3.11. Wear particles 8.2.4. By End-User Industry 8.2.4.1. Transportation 8.2.4.1.1. Automotive 8.2.4.1.2. Aerospace 8.2.4.1.3. Marine 8.2.4.1.4. Heavy Vehicle 8.2.4.1.5. Locomotive 8.2.4.2. Oil & Gas 8.2.4.3. Power Generation 8.2.4.4. Industrial 8.2.4.5. Mining 8.2.5. By Country 8.2.5.1. China 8.2.5.2. India 8.2.5.3. Japan 8.2.5.4. Australia 8.2.5.5. Rest of Asia Pacific 8.2.6. Price-Point Analysis 8.2.7. Manufacturer & Distributor List (Top 5) 8.2.8. Company Market Share (Top 3-5) 8.2.9. Economic Impact Study on Asia Pacific Oil Condition Monitoring Market 9. South America Oil Condition Monitoring Market Overview 9.1. South America Oil Condition Monitoring Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Oil Condition Monitoring Market Share & Forecast, 2016-2027 9.2.1. By Sampling Type 9.2.1.1. On-site 9.2.1.2. Off-site 9.2.2. By Product Type 9.2.2.1. Turbines 9.2.2.2. Compressors 9.2.2.3. Engines 9.2.2.4. Gear Systems 9.2.2.5. Hydraulic Systems 9.2.3. By Measurement Type 9.2.3.1. Temperature 9.2.3.2. Pressure 9.2.3.3. Density 9.2.3.4. Visocity 9.2.3.5. Dielectric 9.2.3.6. TAN 9.2.3.7. TBN 9.2.3.8. Water dilution 9.2.3.9. Fuel dilution 9.2.3.10. Soot 9.2.3.11. Wear particles 9.2.4. By End-User Industry 9.2.4.1. Transportation 9.2.4.1.1. Automotive 9.2.4.1.2. Aerospace 9.2.4.1.3. Marine 9.2.4.1.4. Heavy Vehicle 9.2.4.1.5. Locomotive 9.2.4.2. Oil & Gas 9.2.4.3. Power Generation 9.2.4.4. Industrial 9.2.4.5. Mining 9.2.5. By Country 9.2.5.1. Brazil 9.2.5.2. Argentina 9.2.5.3. Rest of South America 9.2.6. Price-Point Analysis 9.2.7. Manufacturer & Distributor List (Top 5) 9.2.8. Company Market Share (Top 3-5) 9.2.9. Economic Impact Study on South America Oil Condition Monitoring Market 10. Middle East & Africa Oil Condition Monitoring Market Overview 10.1. Middle East & Africa Oil Condition Monitoring Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Oil Condition Monitoring Market Share & Forecast, 2016-2027 10.2.1. By Sampling Type 10.2.1.1. On-site 10.2.1.2. Off-site 10.2.2. By Product Type 10.2.2.1. Turbines 10.2.2.2. Compressors 10.2.2.3. Engines 10.2.2.4. Gear Systems 10.2.2.5. Hydraulic Systems 10.2.3. By Measurement Type 10.2.3.1. Temperature 10.2.3.2. Pressure 10.2.3.3. Density 10.2.3.4. Visocity 10.2.3.5. Dielectric 10.2.3.6. TAN 10.2.3.7. TBN 10.2.3.8. Water dilution 10.2.3.9. Fuel dilution 10.2.3.10. Soot 10.2.3.11. Wear particles 10.2.4. By End-User Industry 10.2.4.1. Transportation 10.2.4.1.1. Automotive 10.2.4.1.2. Aerospace 10.2.4.1.3. Marine 10.2.4.1.4. Heavy Vehicle 10.2.4.1.5. Locomotive 10.2.4.2. Oil & Gas 10.2.4.3. Power Generation 10.2.4.4. Industrial 10.2.4.5. Mining 10.2.5. By Country 10.2.5.1. Saudi Arabia 10.2.5.2. UAE 10.2.5.3. South Africa 10.2.5.4. Rest of Middle East & Africa 10.2.6. Price-Point Analysis 10.2.7. Manufacturer & Distributor List (Top 5) 10.2.8. Company Market Share (Top 3-5) 10.2.9. Economic Impact Study on Middle East & Africa Oil Condition Monitoring Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Parker Hannifin 11.7.2. Chevron 11.7.3. General Electric 11.7.4. Shell 11.7.5. Bureau Veritas 11.7.6. BP 11.7.7. Eaton 11.7.8. Intertek Group 11.7.9. SGS 11.7.10. Total 11.7.11. Eaton 11.7.12. Exxon Mobil Corporation 11.7.13. Veritas Petroleum Services 11.7.14. Other Prominent Players
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