Oil Condition Monitoring Market growing at a CAGR of 9.4% including key players Bureau Veritas, SGS, Intertek Group, Shell

HTF MI recently introduced Global Oil Condition Monitoring Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol Limited, Unimarine, Veritas Petroleum Services & Insight Services Inc etc. 

The global Oil Condition Monitoring market is valued at 470 million US$ in 2017 and will reach 970 million US$ by the end of 2025, growing at a CAGR of 9.4% during 2018-2025. 



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Oil analysis provides a detailed view of what is happening within machine components during operation. 
Factors such as growing demand for economical solutions, increasing need for time optimization, and rising demand for electricity that drives the need for continuous oil monitoring in turbines are fueling the market growth. Companies are persistently looking for different cost-effective ways to reduce the cost of oil condition monitoring. However, extra costs incurred in retrofitting existing systems are one of the key factors hampering the market growth.

On-site oil condition monitoring has assisted manufacturers to considerably enhance their productivity, efficiency, and profitability with regard to predictive maintenance. The off-site oil condition monitoring growth can be attributed to the higher adoption of traditional monitoring systems. It mainly consists of testing the oil samples at company-operated laboratories or third-party laboratories. Most of the oil condition monitoring firms is engaged in laboratory testing for better and in-detailed analysis of the sample. 

Turbines have vital applications in verticals such as power, locomotive, and aerospace. The turbines used in these verticals work under very high pressure. The turbines are more prone to be broken at such a high pressure, owing to friction, which reduces the life of the system. To stay away from system breakdown, firms use high-quality oil as a lubricant in these turbines, thereby reducing the friction caused due to high pressure. Furthermore, there is a need for continuous monitoring of the oil quality to make sure the smooth operation of the system. There is a growing demand for energy in developing countries such as China, India, and Brazil, which would boost the need for oil condition monitoring services.

Some of the key players in the market include Bureau Veritas, Castrol Limited, Chevron Corporation, SGS, Intertek Group, Shell, Test Oil (Insight Services Inc) and Unimarine.

This report studies the Global Oil Condition Monitoring market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Global Oil Condition Monitoring market by companies, region, type and end-use industry. 


Browse 100+ market data Tables and Figures spread through Pages and in-depth TOC on " Oil Condition Monitoring Market by Type (On-site & Off-site), by End-Users/Application (Transportation, Industrial, Oil & Gas, Energy & Power & Mining), Organization Size, Industry, and Region - Forecast to 2023". Early buyers will receive 10% customization on comprehensive study. 

In order to get a deeper view of Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players (2013-2018), Revenue Market Share (%) by Players (2013-2018) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future. 



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Competitive Analysis: 
The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol Limited, Unimarine, Veritas Petroleum Services & Insight Services Inc includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc. 

Market Segments: 
The Global Oil Condition Monitoring Market has been divided into type, application, and region. 
On The Basis Of Type: On-site & Off-site. 
On The Basis Of Application: Transportation, Industrial, Oil & Gas, Energy & Power & Mining 
On The Basis Of Region, this report is segmented into following key geographies, with production, consumption, revenue (million USD), and market share, growth rate of Oil Condition Monitoring in these regions, from 2013 to 2023 (forecast), covering 
• North America (U.S. & Canada) {Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis} 
• Latin America (Brazil, Mexico & Rest of Latin America) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis} 
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis} 
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis} 
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis} 
• Rest of World {Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis} 

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Have a look at some extracts from Table of Content 

Introduction about Global Oil Condition Monitoring 

Global Oil Condition Monitoring Market Size (Sales) Market Share by Type (Product Category) in 2017 
Oil Condition Monitoring Market by Application/End Users 
Global Oil Condition Monitoring Sales (Volume) and Market Share Comparison by Applications 
(2013-2023) table defined for each application/end-users like [Transportation, Industrial, Oil & Gas, Energy & Power & Mining] 
Global Oil Condition Monitoring Sales and Growth Rate (2013-2023) 
Oil Condition Monitoring Competition by Players/Suppliers, Region, Type and Application 
Oil Condition Monitoring (Volume, Value and Sales Price) table defined for each geographic region defined. 
Global Oil Condition Monitoring Players/Suppliers Profiles and Sales Data 

Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers 

Market Sales, Revenue, Price and Gross Margin (2013-2018) table for each product type which include On-site & Off-site 
Oil Condition Monitoring Manufacturing Cost Analysis 
Oil Condition Monitoring Key Raw Materials Analysis 
Oil Condition Monitoring Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis 
Market Forecast (2018-2023) 
........and more in complete table of Contents 



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