Oil Condition Monitoring Market

Oil Condition Monitoring Market by Product Type (Turbines, Compressors, Engines, Gear Systems, Hydraulic Systems), Sampling Type, Vertical (Transportation, Industrial, Oil & Gas), and Region (2021-2026)

Report Code: SE 5498 Oct, 2021, by marketsandmarkets.com

[241 Pages Report] The global oil condition monitoring market is expected to grow from USD 1.0 billion in 2021 to USD 1.4 billion by 2026; it is expected to grow at a CAGR of 6.1% during 2021–2026. Key factors fueling this market's growth include surging demand for cost-effective solutions for maintaining machinery health, increasing awareness regarding the importance of oil condition monitoring among industries, and growing focus on reducing maintenance costs. Growing demand for energy and increasing adoption of big data analytics and IIoT create a strong demand for oil condition monitoring for efficient industrial operations in the midst of COVID-19.

Oil Condition Monitoring Market

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Impact of Covid-19 on Oil Condition Monitoring Market

Oil Condition Monitoring Market

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The oil condition monitoring market has witnessed unprecedented growth during the past decade on account of increased competition in the market. This, in turn, has increased the demand for machine condition monitoring as the most preferred predictive maintenance technique. However, COVID-19 has dealt a severe blow to the industry, leading to a simultaneous collapse of supply and demand. The market was being driven by the significant rise in demand for oil condition monitoring for industries over the past few years. However, the pandemic has resulted in a decline in the growth of the market. The market is expected to regain its growth momentum once end-user industries start recovering from the effects of this pandemic.

Market Dynamics:

Driver: Surging demand for cost-effective solutions for maintaining health of machinery
The growing importance of lean manufacturing and just-in-time inventory practices and the increasing focus on product quality, particularly in process industries, are expected to fuel the demand for oil condition monitoring. Chemicals, petrochemicals, oil & gas, power generation, aerospace & defense, and manufacturing are the key industries that use vibration monitoring to track the health of their machinery. This is expected to lead to the growth of the oil condition monitoring market globally.

Restraint: Lack of skilled technical resources for data analysis
Many companies are heavily investing in on-site oil condition monitoring systems, including sensors, portable kits, and on-site laboratories, to achieve operational excellence in their manufacturing processes. A certain level of expertise is required to use these systems correctly. As a few systems are deployed at remote or hard-to-reach locations, the limited availability of skilled personnel in these locations is a concern. Expertise is necessary to verify the key parameters of monitoring systems, such as system optimization, software updates, networking, and data transmission.

Opportunity: Increasing adoption of big data analytics and IIoT
The advent of big data analytics, coupled with efficient data storage mechanisms and parallel processing, is transforming the oil condition monitoring market. Big data analytics, with the capability of processing large volumes of data, has accelerated the analysis process of the data generated by oil quality sensors. Big data analytics offers features such as easier benchmarking of oil quality, better transparency in data, and efficient collaboration of various testing results on oil quality. Big data-enabled oil quality monitoring helps companies lower the overall cost of ownership for assets and run their business efficiently.

Challenge: Challenges with offline oil sampling
Sampling errors could arise when the area where a sample is drawn is different or away from the area where it is tested. Unlike a blood test where the results are homogenous irrespective of where the blood sample is collected, many oil analysis parameters are very sensitive to where and how the sample is taken. Sampling from a large sump or immediately downstream from a filter will provide very little indication of particle ingression.

Turbine product type held the largest market share of oil condition monitoring market in 2020

Turbine segment is expected to account for the largest share of the oil condition monitoring market by 2026. Turbine oil analysis is one of the most commonly used predictive maintenance technologies. Turbines are used for various applications, which need scheduled checkups for efficient operation. The turbines used in industries such as power generation and transportation operate under very high pressures. Moreover, there is a need for regular monitoring of oil quality to ensure the smooth operation of turbines.

Power generation vertical held the largest share of oil condition monitoring market in 2020

The power generation is one of the emerging industries witnessing a rapid adoption of oil condition monitoring. Several machines, equipment, and components are used in the power generation industry. Equipment such as engines, turbines, gearboxes, and compressors operate at high temperature and pressure, thus, degrading the quality of oil used in these equipment. The oil condition monitoring helps to identify small problems within the equipment before any catastrophic failure.

“North America is expected to hold the largest share of oil condition monitoring market by 2026.”

The market in North America held the largest size in 2020 and is estimated to continue to do so during the forecast period. Factors such as an increased focus on optimum asset utilization; stringent government regulations for workplace and personnel safety; and stringent quality control in the oil and gas, transportation, and manufacturing industries drive the demand for oil condition monitoring systems and solutions in North America.

Oil Condition Monitoring Market by Region

Oil Condition Monitoring Ecosystem and Related Markets

Oil Condition Monitoring Market by Region

Key Market Players

Parker-Hannifin Corporation (US), General Electric (US), Shell plc (Netherlands), BP plc (UK), Bureau Veritas (France), Chevron Corporation (Switzerland), Intertek Group plc (UK), SGS SA (France), Eaton Corporation (Ireland), and TotalEnergies (France) are a few major companies in the oil condition monitoring market. Organic growth strategies, such as product launches and developments, is a focus of many of the companies mentioned above.

Prominent players have adopted product launches and developments, followed by acquisitions, partnerships, collaborations, contracts, and agreements as the key business strategy to expand their share in the oil condition monitoring market. For instance, in December 2019, Shell (Netherlands) launched an IT platform for its used oil analysis program, Shell LubeAnalyst. The Shell LubeAnalyst next-generation platform offers a much simpler sample management process, including online sample registration and label printing replacing the manual method. This helps minimize the probability of errors.

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Scope of the Report

:

Report Metric

Details

Market size available for years

2018–2026

Base year

2020

Forecast period

2021–2026

Forecast Unit

Value (USD Million)

Segments covered

Sampling Type, Product Type, Vertical, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Parker-Hannifin Corporation (US), General Electric (US), Shell plc (Netherlands), BP plc (UK), Bureau Veritas (France), Chevron Corporation (Switzerland), Intertek Group plc (UK), SGS SA (France), Eaton Corporation (Ireland), and TotalEnergies (France).

This report categorizes the Oil condition monitoring market based on sampling type, product type, vertical, and region.

By SamplingType:

  • On-site
    • Portable Kit (On-board)
    • Fixed Continuous Monitoring
  • Off-site

By Product Type:

  • Turbine
  • Compressor
  • Engine
  • Hydraulic System
  • Others (Gear Systems, Insulating Systems, Industrial Tooling Systems, and Transformers)

By Vertical:

  • Transportation
    • Automobile
    • Aerospace
    • Marine
    • Heavy Vehicle
    • Locomotive Engine
  • Industrial
  • Oil & Gas
  • Power Generation
  • Mining

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe (Italy, Spain, Sweden, Russia, the Netherlands, Finland, Switzerland, and Norway)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (South Korea, Hong Kong, Australia, New Zealand, Indonesia, Singapore, Malaysia, and Thailand)
  • Rest of the World (RoW)
    • Middle East And Africa
    • South America

Major Market Developments

  1. In July 2020, Intertek (UK) launched Carbonclear, the world’s first certification program that independently verifies the upstream carbon intensity per barrel of oil. Carbonclear brings unique clarity on the carbon impact of cradle-to-gate operations across all aspects of oil & gas exploration and production, providing producers with continuous opportunities to reduce their carbon emissions and participate in the transition to a low-carbon economy.
  2. In September 2021, BP, Abu Dhabi National Oil Company (ADNOC) (UAE), and Abu Dhabi Future Energy Company Masdar (UAE) formed a strategic partnership to provide clean energy solutions for the UK and the UAE. The three companies aim to develop low-carbon hydrogen hubs and decarbonized air corridors between the two countries.
  3. In June 2021, Bureau Veritas (France) entered into a framework agreement with the Veolia group, which applies solutions for water, waste, and energy management worldwide. The three-year contract covers the listing of Bureau Veritas as a preferred supplier for regulatory and non-regulatory verifications and certification of Veolia group sites.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 OIL CONDITION MONITORING MARKET: SEGMENTATION
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 2 OIL CONDITION MONITORING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM OIL CONDITION MONITORING OFFERINGS
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN OIL CONDITION MONITORING MARKET
           2.2.3 MARKET PROJECTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 10 OIL CONDITION MONITORING MARKET: GROWTH PROJECTIONS FOR REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
           FIGURE 11 TURBINES SEGMENT TO HOLD LARGEST MARKET SHARE, BY PRODUCT TYPE, DURING FORECAST PERIOD
           FIGURE 12 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021 VS. 2026
           FIGURE 13 OIL CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
           FIGURE 14 APAC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES IN OIL CONDITION MONITORING MARKET
           FIGURE 15 INCREASING NEED FOR COST-EFFECTIVE PRODUCTS TO BOOST GROWTH OF  OIL CONDITION MONITORING MARKET
    4.2 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE
           FIGURE 16 ON-SITE SAMPLING TO REGISTER HIGHER CAGR FROM 2021 TO 2026
    4.3 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE
           FIGURE 17 TURBINES TO HOLD LARGEST SHARE OF OIL CONDITION MONITORING MARKET BY 2026
    4.4 OIL CONDITION MONITORING MARKET IN NORTH AMERICA,  BY VERTICAL AND COUNTRY
           FIGURE 18 TRANSPORTATION VERTICAL AND US HELD LARGEST SHARE OF NORTH AMERICA OIL CONDITION MONITORING MARKET IN 2020
    4.5 OIL CONDITION MONITORING MARKET, BY REGION
           FIGURE 19 CHINA OIL CONDITION MONITORING MARKET TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 IMPACT OF DRIVERS AND OPPORTUNITIES ON OIL CONDITION MONITORING MARKET
           FIGURE 21 IMPACT OF CHALLENGES AND RESTRAINTS ON OIL CONDITION MONITORING MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Surging demand for cost-effective solutions for maintaining health of machinery
                    5.2.1.2 Increasing awareness regarding importance of oil condition monitoring among industries
                    5.2.1.3 Growing focus on reducing maintenance costs
           5.2.2 RESTRAINTS
                    5.2.2.1 Expenses incurred in retrofitting existing systems
                    5.2.2.2 Lack of skilled technical resources for data analysis
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for energy
                    5.2.3.2 Increasing adoption of big data analytics and IIoT
           5.2.4 CHALLENGES
                    5.2.4.1 Challenges with offline oil sampling
                    5.2.4.2 Decline in demand from oil & gas industry due to COVID-19
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS: MOST VALUE IS ADDED DURING TESTING LABS AND DATA ANALYSTS PHASES
    5.4 PORTER’S FIVE FORCES ANALYSIS
           TABLE 2 IMPACT OF PORTER’S FIVE FORCES ON OIL CONDITION MONITORING MARKET
    5.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
           FIGURE 23 REVENUE SHIFT IN OIL CONDITION MONITORING MARKET
    5.6 OIL CONDITION MONITORING MARKET: ECOSYSTEM
           FIGURE 24 OIL CONDITION MONITORING MARKET: ECOSYSTEM
    5.7 AVERAGE SELLING PRICE ANALYSIS
    5.8 CASE STUDIES
           5.8.1 WEAR DEBRIS ANALYSIS OF STERN TUBE LUBRICANTS ON MARINE CARGO VESSELS BY INTERTEK PLC
           5.8.2 LONG-TERM APPLICATION OF ONLINE OIL CONDITION MONITORING ON HIGHWAY DIESEL ENGINE BY POSEIDON SYSTEMS
    5.9 PATENTS ANALYSIS
           5.9.1 PATENT REGISTRATIONS, 2018–2021
                    TABLE 3 PATENTS RELATED TO OIL CONDITION MONITORING FILED DURING 2018–2021
           5.9.2 PATENTS ANALYSIS
                    5.9.2.1 Methodology
                    5.9.2.2 Document type
                               TABLE 4 PATENTS FILED
                               FIGURE 25 PATENTS FILED BETWEEN 2018 AND 2021
                               FIGURE 26 TREND OF PATENTS GRANTED DURING 2018–2021
                    5.9.2.3 Insight
                    5.9.2.4 General Electric
                               TABLE 5 LIST OF PATENTS BY GENERAL ELECTRIC (US)
    5.10 TRADE ANALYSIS
           5.10.1 IMPORTS SCENARIO FOR PRODUCTS UNDER HS CODE 903190
                    TABLE 6 IMPORTS DATA FOR PRODUCTS UNDER HS CODE 903190, BY COUNTRY,  2016–2020 (USD MILLION)
           5.10.2 EXPORTS SCENARIO FOR PRODUCTS UNDER HS CODE 903190
                    TABLE 7 EXPORTS DATA FOR PRODUCTS UNDER HS CODE 903190, BY COUNTRY,  2016–2020 (USD MILLION)
    5.11 TECHNOLOGY TRENDS
           5.11.1 KEY TECHNOLOGY
                    5.11.1.1 Full Spectrum Holistic (FSH)
                    5.11.1.2 Internet of Things (IoT)
           5.11.2 ADJACENT TECHNOLOGIES
                    5.11.2.1 Carbon-free energy resources
    5.12 TARIFFS AND REGULATIONS
           5.12.1 TARIFFS
                    TABLE 8 MFN TARIFFS FOR PRODUCTS UNDER HS CODE 903190 EXPORTED BY CHINA
                    TABLE 9 MFN TARIFFS FOR PRODUCTS UNDER HS CODE 903190 IMPORTED BY GERMANY
    5.13 GOVERNMENT REGULATIONS AND STANDARDS
           5.13.1 GOVERNMENT REGULATIONS
           5.13.2 STANDARDS
                    5.13.2.1 ISO 14830-1:2019(en): Condition monitoring and diagnostics of machine systems — Tribology-based monitoring and diagnostics
                    5.13.2.2 ASTM D7720 - 11(2017): Standard Guide for Statistically Evaluating Measurand Alarm Limits when Using Oil Analysis to Monitor Equipment and Oil for Fitness and Contamination
    5.14 TYPES OF OIL CONTAMINATION
           5.14.1 WATER CONTAMINATION
           5.14.2 PARTICLE CONTAMINATION

6 TECHNIQUES USED FOR OIL CONDITION MONITORING (Page No. - 76)
    6.1 INTRODUCTION
    6.2 FERROGRAPHY
    6.3 ON-LINE ACOUSTIC VISCOMETRY IN OIL CONDITION MONITORING
    6.4 INDUCTIVELY COUPLED PLASMA – OPTICAL EMISSION SPECTROSCOPY (ICP-OES)
    6.5 FOURIER TRANSFORM INFRARED (FTIR) SPECTROSCOPY
    6.6 DIELECTRIC STRENGTH TEST
    6.7 POTENTIOMETRIC TITRATION

7 TYPES OF SENSORS USED IN OIL CONDITION MONITORING (Page No. - 78)
    7.1 INTRODUCTION
    7.2 OIL QUALITY SENSORS
    7.3 WEAR DEBRIS SENSORS/METALLIC PARTICLE SENSORS
    7.4 VISCOSITY/DENSITY SENSORS
    7.5 WATER-IN-OIL SENSORS

8 PARAMETERS FOR MEASURING OIL CONDITION (Page No. - 80)
    8.1 INTRODUCTION
           FIGURE 27 PARAMETERS FOR MEASURING OIL CONDITION
    8.2 TEMPERATURE
    8.3 PRESSURE
    8.4 DENSITY
    8.5 VISCOSITY
    8.6 DIELECTRIC
    8.7 TAN/TBN
    8.8 FUEL DILUTION
    8.9 WATER DILUTION
    8.10 SOOT
    8.11 WEAR PARTICLES

9 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE (Page No. - 85)
    9.1 INTRODUCTION
           FIGURE 28 OFF-SITE SAMPLING TO HOLD LARGER MARKET SIZE BY 2026
           TABLE 10 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2018–2020 (USD MILLION)
           TABLE 11 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, 2021–2026 (USD MILLION)
    9.2 ON-SITE
           9.2.1 PORTABLE KITS
                    9.2.1.1 Ease of operating propels demand for portable kits for oil analysis
           9.2.2 FIXED CONTINUOUS MONITORING
                    9.2.2.1 Fixed continuous monitoring is suitable for real-time oil monitoring and analysis
                               TABLE 12 OIL CONDITION MONITORING MARKET FOR ON-SITE SAMPLING, BY PRODUCT TYPE, 2018–2020 (USD MILLION)
                               TABLE 13 OIL CONDITION MONITORING MARKET FOR ON-SITE SAMPLING, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.3 OFF-SITE
           9.3.1 OFF-SITE SAMPLING IS TRADITIONAL METHOD OF OIL CONDITION MONITORING
                    TABLE 14 OIL CONDITION MONITORING MARKET FOR OFF-SITE SAMPLING, BY PRODUCT TYPE, 2018–2020 (USD MILLION)
                    TABLE 15 OIL CONDITION MONITORING MARKET FOR OFF-SITE SAMPLING, BY PRODUCT TYPE, 2021–2026 (USD MILLION)

10 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE (Page No. - 91)
     10.1 INTRODUCTION
               FIGURE 29 TURBINE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FOR  OIL CONDITION MONITORING BY 2026
               TABLE 16 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2018–2020 (USD MILLION)
               TABLE 17 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
     10.2 TURBINES
             10.2.1 GROWING NEED FOR MAXIMUM RELIABILITY TO FUEL MARKET GROWTH FOR TURBINES
                       TABLE 18 OIL CONDITION MONITORING MARKET FOR TURBINES, BY SAMPLING TYPE,  2018–2020 (USD MILLION)
                       TABLE 19 OIL CONDITION MONITORING MARKET FOR TURBINES, BY SAMPLING TYPE,  2021–2026 (USD MILLION)
                       TABLE 20 OIL CONDITION MONITORING MARKET FOR TURBINES, BY INDUSTRY, 2018–2020 (USD MILLION)
                       TABLE 21 OIL CONDITION MONITORING MARKET FOR TURBINES, BY INDUSTRY, 2021–2026 (USD MILLION)
     10.3 COMPRESSORS
             10.3.1 REDUCTION IN MAINTENANCE COSTS FOR COMPRESSORS TO DRIVE GROWTH OF MARKET
                       TABLE 22 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY SAMPLING TYPE,  2018–2020 (USD MILLION)
                       TABLE 23 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY SAMPLING TYPE,  2021–2026 (USD MILLION)
                       TABLE 24 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY INDUSTRY,  2018–2020 (USD MILLION)
                       TABLE 25 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY INDUSTRY,  2021–2026 (USD MILLION)
     10.4 ENGINES
             10.4.1 DEMAND FOR OIL CONDITION MONITORING IS ATTRIBUTED TO INCREASING NEED FOR SCHEDULED ENGINE MONITORING
                       TABLE 26 OIL CONDITION MONITORING MARKET FOR ENGINES, BY SAMPLING TYPE,  2018–2020 (USD MILLION)
                       TABLE 27 OIL CONDITION MONITORING MARKET FOR ENGINES, BY SAMPLING TYPE,  2021–2026 (USD MILLION)
                       TABLE 28 OIL CONDITION MONITORING MARKET FOR ENGINES, BY INDUSTRY, 2018–2020 (USD MILLION)
                       TABLE 29 OIL CONDITION MONITORING MARKET FOR ENGINES, BY INDUSTRY, 2021–2026 (USD MILLION)
     10.5 HYDRAULIC SYSTEMS
             10.5.1 NEED FOR MAINTAINING HYDRAULIC SYSTEMS IN WORKING CONDITION CREATES LUCRATIVE MARKET OPPORTUNITIES
                       TABLE 30 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY SAMPLING TYPE, 2018–2020 (USD MILLION)
                       TABLE 31 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY SAMPLING TYPE, 2021–2026 (USD MILLION)
                       TABLE 32 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY INDUSTRY,  2018–2020 (USD MILLION)
                       TABLE 33 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY INDUSTRY,  2021–2026 (USD MILLION)
     10.6 OTHERS
             10.6.1 GROWING DEMAND FOR CHLORINE DETECTORS IN WATER & WASTEWATER TREATMENT APPLICATION TO DRIVE MARKET GROWTH
                       TABLE 34 OIL CONDITION MONITORING MARKET FOR OTHERS, BY SAMPLING TYPE,  2018–2020 (USD MILLION)
                       TABLE 35 OIL CONDITION MONITORING MARKET FOR OTHERS, BY SAMPLING TYPE,  2021–2026 (USD MILLION)
                       TABLE 36 OIL CONDITION MONITORING MARKET FOR OTHERS, BY INDUSTRY, 2018–2020 (USD MILLION)
                       TABLE 37 OIL CONDITION MONITORING MARKET FOR OTHERS, BY INDUSTRY, 2021–2026 (USD MILLION)

11 OIL CONDITION MONITORING MARKET, BY VERTICAL (Page No. - 104)
     11.1 INTRODUCTION
               FIGURE 30 TRANSPORTATION TO ACCOUNT FOR LARGEST SIZE OF OIL CONDITION MONITORING MARKET BY 2026
               TABLE 38 OIL CONDITION MONITORING MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
               TABLE 39 OIL CONDITION MONITORING MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
     11.2 TRANSPORTATION
             11.2.1 DECLINE IN GLOBAL DEMAND FOR AUTOMOBILES DUE TO COVID-19 PANDEMIC TO IMPACT GROWTH OF SEGMENT
                       TABLE 40 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY PRODUCT TYPE,  2018–2020 (USD MILLION)
                       TABLE 41 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY PRODUCT TYPE,  2021–2026 (USD MILLION)
                       TABLE 42 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY REGION,  2018–2020 (USD MILLION)
                       TABLE 43 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY REGION,  2021–2026 (USD MILLION)
                       TABLE 44 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN NORTH AMERICA,  BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 45 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN NORTH AMERICA,  BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 46 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN EUROPE,  BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 47 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN EUROPE,  BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 48 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 49 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 50 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN ROW, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 51 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN ROW, BY REGION, 2021–2026 (USD MILLION)
                       FIGURE 31 AUTOMOBILE SEGMENT TO LEAD OIL CONDITION MONITORING MARKET FOR TRANSPORTATION VERTICAL DURING FORECAST PERIOD
                       TABLE 52 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY TYPE,  2018–2020 (USD MILLION)
                       TABLE 53 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY TYPE,  2021–2026 (USD MILLION)
             11.2.2 AUTOMOBILE
             11.2.3 AEROSPACE
             11.2.4 MARINE
             11.2.5 HEAVY VEHICLE
             11.2.6 LOCOMOTIVE ENGINES
     11.3 INDUSTRIAL
             11.3.1 DEMAND FOR LUBRICANTS WILL BE HIGH FOR INDUSTRIAL MACHINERIES DUE TO NEED FOR CONTINUOUS FUNCTIONING OF MANUFACTURING FACILITIES
                       TABLE 54 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY PRODUCT TYPE,  2018–2020 (USD MILLION)
                       TABLE 55 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY PRODUCT TYPE,  2021–2026 (USD MILLION)
                       TABLE 56 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 57 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 58 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN NORTH AMERICA,  BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 59 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN NORTH AMERICA,  BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 60 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY,  2018–2020 (USD MILLION)
                       TABLE 61 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY,  2021–2026 (USD MILLION)
                       TABLE 62 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY,  2018–2020 (USD MILLION)
                       TABLE 63 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY,  2021–2026 (USD MILLION)
                       TABLE 64 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN ROW, BY REGION,  2018–2020 (USD MILLION)
                       TABLE 65 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN ROW, BY REGION,  2021–2026 (USD MILLION)
     11.4 OIL & GAS
             11.4.1 GROWING NEED TO MONITOR OIL IN EXPLORATION AND REFINING PROCESSES TO BOOST MARKET GROWTH
                       TABLE 66 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY PRODUCT TYPE,  2018–2020 (USD MILLION)
                       TABLE 67 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY PRODUCT TYPE,  2021–2026 (USD MILLION)
                       TABLE 68 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 69 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 70 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 71 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 72 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,  2018–2020 (USD MILLION)
                       TABLE 73 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,  2021–2026 (USD MILLION)
                       TABLE 74 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN APAC, BY COUNTRY,  2018–2020 (USD MILLION)
                       TABLE 75 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN APAC, BY COUNTRY,  2021–2026 (USD MILLION)
                       TABLE 76 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN ROW, BY REGION,  2018–2020 (USD MILLION)
                       TABLE 77 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN ROW, BY REGION,  2021–2026 (USD MILLION)
     11.5 POWER GENERATION
             11.5.1 GROWING INVESTMENTS FOR POWER GENERATION TO DRIVE GROWTH OF OIL CONDITION MONITORING MARKET
                       FIGURE 32 APAC TO LEAD OIL CONDITION MONITORING MARKET FOR INDUSTRIAL SEGMENT DURING FORECAST PERIOD
                       TABLE 78 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY PRODUCT TYPE, 2018–2020 (USD MILLION)
                       TABLE 79 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                       TABLE 80 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY REGION,  2018–2020 (USD MILLION)
                       TABLE 81 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY REGION,  2021–2026 (USD MILLION)
                       TABLE 82 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN NORTH AMERICA,  BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 83 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN NORTH AMERICA,  BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 84 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN EUROPE,  BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 85 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN EUROPE,  BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 86 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 87 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 88 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN ROW, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 89 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN ROW, BY REGION, 2021–2026 (USD MILLION)
     11.6 MINING
             11.6.1 GROWING NEED FOR LUBRICANTS FOR HEAVY MACHINERIES IN MINES TO FUEL MARKET GROWTH
                       TABLE 90 OIL CONDITION MONITORING MARKET FOR MINING, BY PRODUCT TYPE,  2018–2020 (USD MILLION)
                       TABLE 91 OIL CONDITION MONITORING MARKET FOR MINING, BY PRODUCT TYPE,  2021–2026 (USD MILLION)
                       TABLE 92 OIL CONDITION MONITORING MARKET FOR MINING, BY REGION,  2018–2020 (USD MILLION)
                       TABLE 93 OIL CONDITION MONITORING MARKET FOR MINING, BY REGION,  2021–2026 (USD MILLION)
                       TABLE 94 OIL CONDITION MONITORING MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 95 OIL CONDITION MONITORING MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 96 OIL CONDITION MONITORING MARKET FOR MINING IN EUROPE, BY COUNTRY,  2018–2020 (USD MILLION)
                       TABLE 97 OIL CONDITION MONITORING MARKET FOR MINING IN EUROPE, BY COUNTRY,  2021–2026 (USD MILLION)
                       TABLE 98 OIL CONDITION MONITORING MARKET FOR MINING IN APAC, BY COUNTRY,  2018–2020 (USD MILLION)
                       TABLE 99 OIL CONDITION MONITORING MARKET FOR MINING IN APAC, BY COUNTRY,  2021–2026 (USD MILLION)
                       TABLE 100 OIL CONDITION MONITORING MARKET FOR MINING IN ROW, BY REGION,  2018–2020 (USD MILLION)
                       TABLE 101 OIL CONDITION MONITORING MARKET FOR MINING IN ROW, BY REGION,  2021–2026 (USD MILLION)

12 OIL CONDITION MONITORING MARKET, BY REGION (Page No. - 132)
     12.1 INTRODUCTION
               FIGURE 33 GEOGRAPHIC SNAPSHOT: APAC TO GROW AT HIGHEST CAGR FROM  2021 TO 2026
               FIGURE 34 OIL CONDITION MONITORING MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 102 OIL CONDITION MONITORING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 103 OIL CONDITION MONITORING MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
               FIGURE 35 NORTH AMERICA: OIL CONDITION MONITORING MARKET SNAPSHOT
               TABLE 104 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY VERTICAL,  2018–2020 (USD MILLION)
               TABLE 105 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY VERTICAL,  2021–2026 (USD MILLION)
               TABLE 106 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY,  2018–2020 (USD MILLION)
               TABLE 107 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY,  2021–2026 (USD MILLION)
             12.2.1 US
                       12.2.1.1 Presence of key oil condition monitoring solution providers in US to propel market growth during forecast period
                                   TABLE 108 OIL CONDITION MONITORING MARKET IN US, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 109 OIL CONDITION MONITORING MARKET IN US, BY VERTICAL, 2021–2026 (USD MILLION)
             12.2.2 CANADA
                       12.2.2.1 Implementation of smart factory solutions to boost market growth in Canada
                                   TABLE 110 OIL CONDITION MONITORING MARKET IN CANADA, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 111 OIL CONDITION MONITORING MARKET IN CANADA, BY VERTICAL, 2021–2026 (USD MILLION)
             12.2.3 MEXICO
                       12.2.3.1 Increasing industrialization in Mexico to drive growth of oil condition monitoring market
                                   TABLE 112 OIL CONDITION MONITORING MARKET IN MEXICO, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 113 OIL CONDITION MONITORING MARKET IN MEXICO, BY VERTICAL, 2021–2026 (USD MILLION)
     12.3 EUROPE
               FIGURE 36 EUROPE: OIL CONDITION MONITORING MARKET SNAPSHOT
               TABLE 114 OIL CONDITION MONITORING MARKET IN EUROPE, BY VERTICAL, 2018–2020 (USD MILLION)
               TABLE 115 OIL CONDITION MONITORING MARKET IN EUROPE, BY VERTICAL, 2021–2026 (USD MILLION)
               TABLE 116 OIL CONDITION MONITORING MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 117 OIL CONDITION MONITORING MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             12.3.1 GERMANY
                       12.3.1.1 Germany to lead oil condition monitoring market in Europe during forecast period owing to its automotive industry
                                   TABLE 118 OIL CONDITION MONITORING MARKET IN GERMANY, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 119 OIL CONDITION MONITORING MARKET IN GERMANY, BY VERTICAL, 2021–2026 (USD MILLION)
             12.3.2 UK
                       12.3.2.1 Growing investments in manufacturing sectors to boost growth of oil condition monitoring market during forecast period in UK
                                   TABLE 120 OIL CONDITION MONITORING MARKET IN UK, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 121 OIL CONDITION MONITORING MARKET IN UK, BY VERTICAL, 2021–2026 (USD MILLION)
             12.3.3 FRANCE
                       12.3.3.1 Growing use of oil condition monitoring in automotive industry and power stations to drive market growth
                                   TABLE 122 OIL CONDITION MONITORING MARKET IN FRANCE, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 123 OIL CONDITION MONITORING MARKET IN FRANCE, BY VERTICAL, 2021–2026 (USD MILLION)
             12.3.4 REST OF EUROPE
                       TABLE 124 OIL CONDITION MONITORING MARKET IN REST OF EUROPE, BY VERTICAL,  2018–2020 (USD MILLION)
                       TABLE 125 OIL CONDITION MONITORING MARKET IN REST OF EUROPE, BY VERTICAL,  2021–2026 (USD MILLION)
     12.4 ASIA PACIFIC
               FIGURE 37 APAC: OIL CONDITION MONITORING MARKET SNAPSHOT
               TABLE 126 OIL CONDITION MONITORING MARKET IN APAC, BY VERTICAL, 2018–2020 (USD MILLION)
               TABLE 127 OIL CONDITION MONITORING MARKET IN APAC, BY VERTICAL, 2021–2026 (USD MILLION)
               TABLE 128 OIL CONDITION MONITORING MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 129 OIL CONDITION MONITORING MARKET IN APAC, BY COUNTRY,  2021–2026 (USD MILLION)
             12.4.1 CHINA
                       12.4.1.1 China to witness rapid growth in global oil condition monitoring market due to industrialization
            TABLE 130 OIL CONDITION MONITORING MARKET IN CHINA, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 131 OIL CONDITION MONITORING MARKET IN CHINA, BY VERTICAL, 2021–2026 (USD MILLION)
             12.4.2 JAPAN
                       12.4.2.1 Notable growth in automotive industry to boost oil condition monitoring market in Japan
                                   TABLE 132 OIL CONDITION MONITORING MARKET IN JAPAN, BY VERTICAL, 2018–2020 (USD MILLION)
                                   TABLE 133 OIL CONDITION MONITORING MARKET IN JAPAN, BY VERTICAL, 2021–2026 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Expanding manufacturing industries and government initiatives for renewable power development to drive market growth
                                   TABLE 134 OIL CONDITION MONITORING MARKET IN INDIA, BY VERTICAL, 2018–2020 (USD THOUSAND)
                                   TABLE 135 OIL CONDITION MONITORING MARKET IN INDIA, BY VERTICAL,  2021–2026 (USD THOUSAND)
             12.4.4 REST OF APAC
                       TABLE 136 OIL CONDITION MONITORING MARKET IN REST OF APAC, BY VERTICAL,  2018–2020 (USD MILLION)
                       TABLE 137 OIL CONDITION MONITORING MARKET IN REST OF APAC, BY VERTICAL,  2021–2026 (USD MILLION)
     12.5 REST OF THE WORLD
               TABLE 138 OIL CONDITION MONITORING MARKET IN REST OF WORLD, BY VERTICAL,  2018–2020 (USD MILLION)
               TABLE 139 OIL CONDITION MONITORING MARKET IN REST OF WORLD, BY VERTICAL,  2021–2026 (USD MILLION)
               TABLE 140 OIL CONDITION MONITORING MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION)
               TABLE 141 OIL CONDITION MONITORING MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             12.5.1 MIDDLE EAST & AFRICA
                       12.5.1.1 Middle East & Africa to witness increasing demand for oil condition monitoring during forecast period
                                   TABLE 142 OIL CONDITION MONITORING MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,  2018–2020 (USD MILLION)
                                   TABLE 143 OIL CONDITION MONITORING MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,  2021–2026 (USD MILLION)
             12.5.2 SOUTH AMERICA
                       12.5.2.1 Implementation of oil condition monitoring in automotive, infrastructure, oil & gas, chemicals, and mining industries to drive market growth
                                   TABLE 144 OIL CONDITION MONITORING MARKET IN SOUTH AMERICA, BY VERTICAL,  2018–2020 (USD MILLION)
                                   TABLE 145 OIL CONDITION MONITORING MARKET IN SOUTH AMERICA, BY VERTICAL,  2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 163)
     13.1 INTRODUCTION
     13.2 MARKET EVALUATION FRAMEWORK
               TABLE 146 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN OIL CONDITION MONITORING MARKET
             13.2.1 PRODUCT PORTFOLIO
             13.2.2 REGIONAL FOCUS
             13.2.3 MANUFACTURING FOOTPRINT
             13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     13.3 MARKET SHARE ANALYSIS, 2020
               TABLE 147 DEGREE OF COMPETITION
     13.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS IN OIL CONDITION MONITORING MARKET
               FIGURE 38 FIVE-YEAR REVENUE ANALYSIS OF TOP MARKET PLAYERS IN OIL CONDITION MONITORING MARKET
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 PERVASIVE
             13.5.3 EMERGING LEADER
             13.5.4 PARTICIPANT
                       FIGURE 39 OIL CONDITION MONITORING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020
     13.6 STARTUP/SME EVALUATION QUADRANT
             13.6.1 PROGRESSIVE COMPANY
             13.6.2 RESPONSIVE COMPANY
             13.6.3 DYNAMIC COMPANY
             13.6.4 STARTING BLOCK
                       FIGURE 40 OIL CONDITION MONITORING MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2020
     13.7 COMPANY PRODUCT FOOTPRINT
               TABLE 148 COMPANY PRODUCT FOOTPRINT
               TABLE 149 COMPANY PRODUCT FOOTPRINT
               TABLE 150 COMPANY VERTICAL FOOTPRINT
               TABLE 151 COMPANY REGIONAL FOOTPRINT
     13.8 COMPETITIVE SITUATIONS & TRENDS
             13.8.1 PRODUCT LAUNCHES
                       TABLE 152 PRODUCT LAUNCHES (2018–2021)
             13.8.2 DEALS
                       TABLE 153 DEALS (2018–2021)

14 COMPANY PROFILES (Page No. - 183)
     14.1 KEY PLAYERS
(Business overview, Products/Solutions offered, Recent Developments, COVID-19-related developments, MNM view)*
             14.1.1 PARKER-HANNIFIN CORPORATION
                       TABLE 154 PARKER-HANNIFIN CORPORATION: BUSINESS OVERVIEW
                       FIGURE 41 PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT
             14.1.2 GENERAL ELECTRIC COMPANY
                       TABLE 155 GENERAL ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 42 GENERAL ELECTRIC: COMPANY SNAPSHOT
             14.1.3 ROYAL DUTCH SHELL PLC
                       TABLE 156 ROYAL DUTCH SHELL PLC: BUSINESS OVERVIEW
                       FIGURE 43 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
             14.1.4 BP PLC
                       TABLE 157 BP PLC: BUSINESS OVERVIEW
                       FIGURE 44 BP PLC: COMPANY SNAPSHOT
             14.1.5 CHEVRON CORPORATION
                       TABLE 158 CHEVRON CORPORATION: BUSINESS OVERVIEW
                       FIGURE 45 CHEVRON CORPORATION: COMPANY SNAPSHOT
             14.1.6 INTERTEK GROUP PLC
                       TABLE 159 INTERTEK GROUP PLC: BUSINESS OVERVIEW
                       FIGURE 46 INTERTEK GROUP PLC: COMPANY SNAPSHOT
             14.1.7 SGS SA
                       TABLE 160 SGS SA: BUSINESS OVERVIEW
                       FIGURE 47 SGS SA: COMPANY SNAPSHOT
             14.1.8 BUREAU VERITAS
                       TABLE 161 BUREAU VERITAS: BUSINESS OVERVIEW
                       FIGURE 48 BUREAU VERITAS: COMPANY SNAPSHOT
             14.1.9 EATON CORPORATION PLC
                       TABLE 162 EATON CORPORATION PLC: BUSINESS OVERVIEW
                       FIGURE 49 EATON CORPORATION PLC: COMPANY SNAPSHOT
             14.1.10 TOTAL SE (TOTALENERGIES SE)
                       TABLE 163 TOTAL SE: BUSINESS OVERVIEW
                       FIGURE 50 TOTAL SE: COMPANY SNAPSHOT
     14.2 RIGHT TO WIN
     14.3 OTHER COMPANIES
             14.3.1 UNIMARINE PTE. LTD.
             14.3.2 HYDAC INTERNATIONAL
             14.3.3 TAN DELTA SYSTEMS
             14.3.4 MONITION LTD.
             14.3.5 VERITAS PETROLEUM SERVICES (VPS) BV
             14.3.6 SPECTRO ANALYTICAL INSTRUMENTS GMBH
             14.3.7 DELTA SERVICES INDUSTRIES (DSI)
             14.3.8 AVENISENSE SA
             14.3.9 MICROMEM APPLIED SENSOR TECHNOLOGIES INC. (MAST)
             14.3.10 GILL SENSORS & CONTROLS LIMITED
             14.3.11 POSEIDON SYSTEMS, LLC
             14.3.12 CM TECHNOLOGIES GMBH
             14.3.13 SPECIAL OILFIELD SERVICES CO. LLC
             14.3.14 DES-CASE CORPORATION
             14.3.15 INSIGHT SERVICES INC.

*Details on Business overview, Products/Solutions offered, Recent Developments, COVID-19-related developments, MNM view might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 234)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the oil condition monitoring market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the oil condition monitoring market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the oil condition monitoring market. Vendor offerings have also been taken into consideration to determine market segmentation. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The Oil condition monitoring market comprises several stakeholders, such as suppliers of oil condition monitoring systems and solutions. The demand side of this market is characterized by various product types, verticals, and regions. The supply side is characterized by oil condition monitoring systems and solutions. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Oil Condition Monitoring Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the oil condition monitoring market and its subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the oil condition monitoring market.

Research Objective

  • To define, describe, and forecast the oil condition monitoring market, in terms of value, on the basis of sampling type, product type, vertical, and region
  • To describe the different types of sensors used in oil condition monitoring
  • To describe the various techniques used for oil condition analysis and measuring parameters
  • To forecast the market size, in terms of value, for four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the value chain of the market
  • To analyze the impact of COVID-19 on the market, market segments, and market players
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
  • To analyze competitive developments such as product launches and developments, partnerships, acquisitions, contracts, agreements, and R&D in the market

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Critical Questions

  • What new application areas are Oil condition monitoring providers exploring?
  • Who are the key market players, and how intense is the competition?
  • Which applications and geographies would be the biggest markets for Oil condition monitoring?
Report Code
SE 5498
Published ON
Oct, 2021
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