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Online oil condition monitoring mainly consists two types of components hardware and software. Hardware mainly consists of various sensors such as temperature sensor, pressure sensor, oil quality sensor, wear debris sensor, and others. Whereas, software helps to communicate the data between sensors and users. The demand of sophisticated software such as software equipped with machine learning, Artificial intelligence, and others is expected increase during the forecast period.

Market Dynamics

The global online oil condition monitoring (OCM) market is expected to grow significantly during the forecast period.

In online oil condition monitoring systems, sensors play vital role in collecting real time data of oil parameters by monitoring condition of oil. There are various types of sensors used in online oil condition monitoring to monitor different characteristics of oil, which include water in oil sensor, moisture sensors, vibration sensors, temperature sensors, wear debris sensors, lube sensors/lubricating oil conditioning sensors, and others.

In order to improve efficiency of online oil condition monitoring systems, market players introduced advanced sensors to collect accurate real time data. For instance, in March 2020, SKF launched a compact and cost-effective vibration and temperature sensor ‘SKF Enlight Collect IMx-1’ for monitoring the condition of rotating parts on heavy industrial machinery. This is a wireless sensor that enables automated machine monitoring for reliable rotation in heavy industries. It can work reliably when exposed to dust, dirt, oil, grease, contaminants, flying debris, temperature changes, wind, rain, high-pressure hot water wash-downs, and others. Furthermore, in May 2019, SPM Instrument AB, a provider of condition monitoring technology and products, launched Airius, a range of wireless vibration sensors for remote monitoring of industrial equipment. The Airius sensors have a compact design, with an energy-saving communication protocol. Using the well-established and stable Wi-Fi data transfer technology, Airius is an easy-to-implement solution that works well within existing IT environments.

Key features of the study:

  • This report provides in-depth analysis of global online oil condition monitoring (OCM) market size (US$ Thousand) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global online oil condition monitoring (OCM) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Shell, Intertek Group plc., Bureau Veritas SA, SKF, SGS, SPECTRO Analytical Instruments GmbH, General Electric, SPM Instrument, Condition Monitoring Technologies (CMT), Parker Hannifin Corp, David Brown Santasalo, Eaton Corporation, and Poseidon Systems, LLC
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global online oil condition monitoring (OCM) market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global online oil condition monitoring (OCM) market

Detailed Segmentation

  • Global Online Oil Condition Monitoring (OCM) Market, By Product Type:
    • Gear Systems
    • Hydraulic Systems
    • Turbines
    • Engines
    • Others
  • Global Online Oil Condition Monitoring (OCM) Market, By System Component
    • Software
    • Hardware
      • Oil Quality Sensor
      • Wear Debris Sensor
      • Moisture Content Sensor
      • Online Particle Detector/Oil Contamination Monitoring
      • Density and Viscosity Measurement Instrument
      • Others (Acoustic Emission Sensor, etc.)
  • Global Online Oil Condition Monitoring (OCM) Market, By Measurement Type:
    • Pressure
    • Temperature
    • Total Acid Number (TAN)
    • Total Base Number (TBN)
    • Water Dilution
    • Fuel Dilution
    • Density and Viscosity
    • Others (Particle Contamination, etc.)
  • Global Online Oil Condition Monitoring (OCM) Market, By End-use Industry:
    • Oil and Gas
    • Power Generation
    • Mining
    • Transportation
    • Others
  • Global Online Oil Condition Monitoring (OCM) Market, By Region:
    • North America
      • By Product Type:
        • Gear Systems
        • Hydraulic Systems
        • Turbines
        • Engines
        • Others
      • By System Component
        • Software
        • Hardware
          • Oil Quality Sensor
          • Wear Debris Sensor
          • Moisture Content Sensor
          • Online Particle Detector/Oil Contamination Monitoring
          • Density and Viscosity Measurement Instrument
          • Others (Acoustic Emission Sensor, etc.)
      • By Measurement Type:
        • Pressure
        • Temperature
        • Total Acid Number (TAN)
        • Total Base Number (TBN)
        • Water Dilution
        • Fuel Dilution
        • Density and Viscosity
        • Others
      • By End-use Industry:
        • Oil and Gas
        • Power Generation
        • Mining
        • Transportation
        • Others
      • By Country:
        • U.S.
        • Canada
    • Asia Pacific
      • By Product Type:
        • Gear Systems
        • Hydraulic Systems
        • Turbines
        • Engines
        • Others
      • By System Component
        • Software
        • Hardware
          • Oil Quality Sensor
          • Wear Debris Sensor
          • Moisture Content Sensor
          • Online Particle Detector/Oil Contamination Monitoring
          • Density and Viscosity Measurement Instrument
          • Others (Acoustic Emission Sensor, etc.)
      • By Measurement Type:
        • Pressure
        • Temperature
        • Total Acid Number (TAN)
        • Total Base Number (TBN)
        • Water Dilution
        • Fuel Dilution
        • Density and Viscosity
        • Others
      • By End-use Industry:
        • Oil and Gas
        • Power Generation
        • Mining
        • Transportation
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • By Product Type:
        • Gear Systems
        • Hydraulic Systems
        • Turbines
        • Engines
        • Others
      • By System Component
        • Software
        • Hardware
          • Oil Quality Sensor
          • Wear Debris Sensor
          • Moisture Content Sensor
          • Online Particle Detector/Oil Contamination Monitoring
          • Density and Viscosity Measurement Instrument
          • Others (Acoustic Emission Sensor, etc.)
      • By Measurement Type:
        • Pressure
        • Temperature
        • Total Acid Number (TAN)
        • Total Base Number (TBN)
        • Water Dilution
        • Fuel Dilution
        • Density and Viscosity
        • Others
      • By End-use Industry:
        • Oil and Gas
        • Power Generation
        • Mining
        • Transportation
        • Others
      • By Country:
        • Germany
        • Italy
        • UK
        • Nordic Countries
        • Russia
        • Rest of Europe
    • Latin America
      • By Product Type:
        • Gear Systems
        • Hydraulic Systems
        • Turbines
        • Engines
        • Others
      • By System Component
        • Software
        • Hardware
          • Oil Quality Sensor
          • Wear Debris Sensor
          • Moisture Content Sensor
          • Online Particle Detector/Oil Contamination Monitoring
          • Density and Viscosity Measurement Instrument
          • Others (Acoustic Emission Sensor, etc.)
      • By Measurement Type:
        • Pressure
        • Temperature
        • Total Acid Number (TAN)
        • Total Base Number (TBN)
        • Water Dilution
        • Fuel Dilution
        • Density and Viscosity
        • Others
      • By End-use Industry:
        • Oil and Gas
        • Power Generation
        • Mining
        • Transportation
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Product Type:
        • Gear Systems
        • Hydraulic Systems
        • Turbines
        • Engines
        • Others
      • By System Component
        • Software
        • Hardware
          • Oil Quality Sensor
          • Wear Debris Sensor
          • Moisture Content Sensor
          • Online Particle Detector/Oil Contamination Monitoring
          • Density and Viscosity Measurement Instrument
          • Others (Acoustic Emission Sensor, etc.)
      • By Measurement Type:
        • Pressure
        • Temperature
        • Total Acid Number (TAN)
        • Total Base Number (TBN)
        • Water Dilution
        • Fuel Dilution
        • Density and Viscosity
        • Others
      • By End-use Industry:
        • Oil and Gas
        • Power Generation
        • Mining
        • Transportation
        • Others
      • By Country/Region:
        • Saudi Arabia
        • Iraq
        • Iran
        • Kuwait
        • Oman
        • Qatar
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Gear Systems
        • Hydraulic Systems
        • Turbines
        • Engines
        • Others
      • By System Component
        • Software
        • Hardware
          • Oil Quality Sensor
          • Wear Debris Sensor
          • Moisture Content Sensor
          • Online Particle Detector/Oil Contamination Monitoring
          • Density and Viscosity Measurement Instrument
          • Others (Acoustic Emission Sensor, etc.)
      • By Measurement Type:
        • Pressure
        • Temperature
        • Total Acid Number (TAN)
        • Total Base Number (TBN)
        • Water Dilution
        • Fuel Dilution
        • Density and Viscosity
        • Others
      • By End-use Industry:
        • Oil and Gas
        • Power Generation
        • Mining
        • Transportation
        • Others
      • By Country/Region:
        • South Africa
        • Rest of Africa
  • Company Profiles
    • Shell*
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Strategic Overview
      • Recent Developments/Updates
    • Intertek Group plc
    • Bureau Veritas SA
    • SKF
    • SGS
    • SPECTRO Analytical Instruments GmbH
    • General Electric
    • SPM Instrument
    • Condition Monitoring Technologies (CMT)
    • Parker Hannifin Corp
    • David Brown Santasalo
    • Eaton Corporation
    • Poseidon Systems, LLC

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type 
      • Market Snippet, By System Component
      • Market Snippet, By Measurement Type
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New Product Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global Online Oil Condition Monitoring (OCM) Market, By Product Type, 2017-2028 (US$ Thousand)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Gear Systems
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Hydraulic Systems
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Turbines
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Engines
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Others (Compressors)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
  5. Global Online Oil Condition Monitoring (OCM) Market, By System Component, 2017-2028 (US$ Thousand)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Software
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Hardware
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
        • Oil Quality Sensor
        • Wear Debris Sensor
        • Moisture Content Sensor
        • Online Particle Detector/Oil Contamination Monitoring
        • Density and Viscosity Measurement Instrument
        • Others (Acoustic Emission Sensor, etc.)
  6. Global Online Oil Condition Monitoring (OCM) Market, By Measurement Type, 2017-2028 (US$ Thousand)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Pressure
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Temperature
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Total Acid Number (TAN)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Total Base Number (TBN)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Water Dilution
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Fuel Dilution
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Density and Viscosity
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Others (Particle Contamination, Metal Wear (ferrous/ nonferrous), etc.)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
  7. Global Online Oil Condition Monitoring (OCM) Market, By End-use Industry, 2017-2028 (US$ Thousand)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Oil and Gas
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Power Generation
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Mining
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Transportation
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
    • Others (Industrial, etc.)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Thousand)
  8. Global Online Oil Condition Monitoring (OCM) Market, By Region, 2017-2028 (US$ Thousand)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By System Component, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By Measurement Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Thousand)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By System Component, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By Measurement Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Thousand)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By System Component, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By Measurement Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Thousand)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By System Component, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By Measurement Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Thousand)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By System Component, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By Measurement Type, 2017–2028 (US$ Thousand)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Thousand)
      • Market Share Analysis, By Country/Region, 2020 and 2028 (%)
        • GCC Countries
        • Israel
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Shell
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Intertek Group plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bureau Veritas SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SKF
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SGS
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SPECTRO Analytical Instruments GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • General Electric
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SPM Instrument
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Condition Monitoring Technologies (CMT)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Parker Hannifin Corp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • David Brown Santasalo
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Eaton Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Poseidon Systems, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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