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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Oil condition monitoring is done by using either off-site, on-site or online sampling method. Online oil condition monitoring technology is relatively new and is significant addition to offline oil analysis giving an early alarm for critical situations. Transport IoT (Internet of Things) has enabled real time analysis of oil samples and machineries using online sensors. In comparison to laboratory oil testing, online testing provides continuous evaluation of oil condition parameters.

Thus, online testing is considered as technological advancement in the oil condition monitoring market. Online oil testing offers real-time analysis in which the sensors readily detects problem and further provides suggestions for on-site or off-site testing. Online testing gives an indication of when an oil sample should be sent to a laboratory for more detailed information. Currently, plant operators are more interested in continuous oil quality testing rather than regular sampling. This is driving demand for online oil testing.

The global online oil condition monitoring (OCM) market is expected to witness significant growth during the forecast period (2021–2028) due to growing applications in various industries.

Growing applications of online oil condition monitoring in various industries such as oil and gas, power generation, mining, transportation, aerospace and defence, metal, and other industries is propelling the growth of the online oil condition monitoring market

Online oil condition monitoring (OCM) continuously monitors physical and chemical parameters of oil, which includes temperature, pressures, density, viscosity, and other. It provides real-time information about oil parameters and lubricant quality to avoid failure of engines, gearbox, power train, and costly machineries. Hence, for proper functioning of machineries of the various industries, online oil condition monitoring is very important. It provides early insights about upcoming problem, which can occur due to oil and helps in reducing the downtime expenses.

For instance, in oil and gas industry, the security of upstream and downstream processes is important. Therefore, online oil condition monitoring is used to monitor performance of oil drilling rigs and other machineries, which are used in oil and gas industry. Furthermore, growing awareness about power and energy management leads to increasing use of online oil condition monitoring in power generation sector. In power generation industry, appliances such as compressors, turbines, engines, and others performs at high temperature and pressure, which lead to decrease in the quality of oil used in these appliances. Moreover, in other industries, to avoid failure or dis-functioning of machines and equipment which are depend on oil, online oil condition monitoring is used.

The major factor restraining growth of the global online oil condition monitoring (OCM) market is high installation cost. In online oil condition monitoring, test equipment is expensive to install and requires money to analyse databases. Furthermore, the professional knowledge of data analysis is required to perform proper work, hence, high cost is required to provide professional training to the staff of online oil condition monitoring market players.

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Online Oil Condition Monitoring (OCM) Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 258,935.3 Thousand
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.32% 2027 Value Projection: US$ 430,531.3 Thousand
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, Italy, UK, Nordic Countries, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, Australia, South Korea, and Rest of Asia Pacific
  • Middle East: Saudi Arabia, Iraq, Iran, Kuwait, Oman, Qatar, and Rest of Middle East
  • Africa: South Africa, and Rest of Africa
Segments covered:
  • By Product Type: Gear Systems, Hydraulic Systems, Turbines, Engines, and Others (Compressors)
  • By System Component: Software and Hardware (Oil Quality Sensor, Wear Debris Sensor, Moisture Content Sensor, Online Particle Detector/Oil Contamination Monitoring, Density and Viscosity Measurement Instrument, and 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, and Others (Soot, Dielectric, etc.)
  • By End-use Industry: Oil and Gas, Power Generation, Mining, Transportation, and Others (Industrial, etc.)
Companies covered:

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

Growth Drivers:
  • Growing applications in various industries
  • Reduce the cost of machinery maintenance
Restraints & Challenges:
  • High Installation Cost

Global Online Oil Condition Monitoring (OCM) Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including automotive, medical & healthcare, consumer electronics, clothing & textile, food & beverage, automation, manufacturing, aerospace & defense, oil & gas, construction, semiconductor, agriculture, and others. Liquidity shortfall, cash crunch, and others are factors restraining the growth of various sectors during Covid 19 pandemic

The global online oil condition monitoring market was affected, as many key players in the market had to temporarily closedown in order to safeguard health of their employees. Furthermore, on the supply chain side, unavailability of raw materials for manufacturing of components due to complete lockdown is a major restraint for the growth of the market. Due to delay in supply of raw materials and components, the manufacturing companies were unable to deliver the products in the market. Therefore, global online oil condition monitoring market is affected by the pandemic. As governments are opening up in phases in many countries, production is resuming, however, companies are still working with partial employees on the shop floor and remaining from home. Several global online oil condition monitoring market players witnessed decrease in revenue. The revenue of many market players such as SGS SA, General Electric, Shell, Intertek Group plc, Bureau Veritas, and others decreased in 2020 as compared to 2019. For instance, in the period 2019 to 2020, revenue of Bureau Veritas decreased by about 9.8%.

North America held dominant position in the global online oil condition monitoring (OCM) market in 2020

Statistics:

North America held dominant position in the global online oil condition monitoring (OCM) market in 2020, accounting for 33.9% share in terms of value, followed by Europe and Asia-Pacific, Latin America, Middle East and Africa.

Figure 1: Global Online Oil Condition Monitoring (OCM) Market Share (%), By Region, 2020

Online Oil Condition Monitoring  | Coherent Market Insights

Over the forecast period, North America is expected to account for the largest market share in the global online oil condition monitoring (OCM) market. The companies in this region are heavily investing in the adoption of advanced technologies such as machine learning, artificial intelligence, and others to improve their manufacturing process. Furthermore, due to COVID-19 pandemic, the adoption of such technologies have accelerated.

Thus, considering the shift of work culture, many key players in the market are launching products, which enable end users to monitor equipment remotely. For instance, in May 2018, SGS SA signed an agreement with Logilube, a U.S.-based technology company, for Smartlab Technology. Through this agreement, SGS Oil Condition Monitoring (OCM) customers

Oil and gas segment is expected to drive the market growth during the forecast period.

Among end-use industry, the oil and gas segment is expected to hold dominant position in the global online oil condition monitoring (OCM) market during the forecast period. The demand for online oil condition monitoring (OCM) is rapidly increasing for predictive maintenance in the oil and gas industry. Predictive maintenance is used to determine the condition of in-service equipment to estimate the time of maintenance. It helps to reduce the maintenance cost. Thus, leading players in the oil and gas market such as BP plc, Exxon Mobil Corporation, Chevron Corporation, and others are taking various steps to increase the adoption of predictive maintenance in order to save the operation and maintenance cost, which is expected to drive the global online oil condition monitoring (OCM) market growth. For instance, in February 2019, Exxon Mobil Corporation, a U.S.-based natural gas company, collaborated with Microsoft Corporation, a U.S.-based technology company in order to use Microsoft’s data analytics tools and Azure cloud computing platform and to use predictive maintenance technologies at Permian shale assets in the U.S. and New Mexico.

Figure 2: Global Online Oil Condition Monitoring (OCM) Market Value (US$ Thousand) Analysis and Forecast, 2017 - 2028

Online Oil Condition Monitoring  | Coherent Market Insights

The global online oil condition monitoring (OCM) market was valued at US$ 258,935.3 Thousand in 2020 and is expected to reach US$ 430,531.31 Thousand by 2028 at a CAGR of 7.32% between 2021 and 2028.

Major players operating in the global online oil condition monitoring (OCM) market 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

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

*Browse 150 market data tables and 90 figures on "Online Oil Condition Monitoring (OCM) Market - Global forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

The global online oil condition monitoring (OCM) market is expected to reach US$ 430,531.3 Thousand by 2028.
The market is expected to witness a CAGR of 7.32% during the forecast period (2021-2028).
Growing applications in various industries and reduce the cost of machinery maintenance are expected to boost growth of the market.
The oil and gas segment held the largest market share among end use industry verticals, contributing 37.08% in terms of value in 2020.
North America region held the largest share in the market in 2020, accounting for 33.9% share in terms of value.
Key players operating in the market 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
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