Oil Condition Monitoring Market by Sampling Type, Product Type, Measurement Type, Industry, and Geography - Global Forecast to 2023

  • ID: 4393592
  • Report
  • Region: Global
  • 174 Pages
  • Markets and Markets
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Overall Oil Condition Monitoring Market Expected to be Valued at USD 850.1 Million by 2023, Growing at a CAGR of 9.1%

FEATURED COMPANIES

  • AVENISENSE S.A.
  • Bureau Veritas
  • Castrol Limited
  • Chevron Corporation
  • GE
  • Intertek Group Plc
  • MORE

"Oil Condition Monitoring Market by Sampling Type (On-Site and Off-Site), Product Type (Turbine, Compressors Engine, Gear System, and Hydraulic System), Measurement Type, Industry (Transportation, Energy & Power), and Geography - Global Forecast to 2023"

"The overall oil condition monitoring market is expected to grow at a CAGR of 9.1% between 2017 and 2023"

The overall oil condition monitoring market is expected to be valued at USD 850.1 million by 2023, growing at a CAGR of 9.1% between 2017 and 2023. The growth of this market is driven by factors such as increasing demand for cost-effective solutions, growing need for time optimization, and increasing demand for electricity that drives the need for continuous oil monitoring in turbines. However, additional expenses incurred in retrofitting existing systems are one of the major factors restricting the growth of this market.
 
"Transportation industry is expected to hold the largest share of the oil condition monitoring market by 2023"

The transportation industry is likely to account for the largest share of 41.6% the oil condition monitoring market by 2023. This growth can be attributed to the increasing demand for oil condition monitoring to avoid critical engines failures that may occur in ships and airplanes.

"Oil condition monitoring market for the turbines is expected to grow at a high rate between 2017 and 2023"

The oil condition monitoring market for the turbines is expected to grow at the highest CAGR of 9.3% between 2017 and 2023. Turbines are expected to hold a significant share of the oil condition monitoring market by 2023, owing to its extensive use in critical applications in industries such as power, locomotive, and aerospace.

"Americas is likely to dominate the oil condition monitoring market by 2023"

Americas is expected to hold the largest share of the oil condition monitoring market between 2017 and 2023. This region is home to several oil condition monitoring manufacturing companies as well as commercial laboratories. The oil condition monitoring market in the Americas is expected to grow at a high CAGR during the forecast period. The high growth of this market can be attributed to the increasing adoption of oil condition monitoring solutions in the logistics and transportation industry.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the oil condition monitoring market.

Following is the break-up of the primary participants for the report:

  • By Company Type: Tier 1 - 20 %, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 50%, Directors - 25%, and Managers - 25%
  • By Region: Americas - 60%, Europe - 20%, APAC - 10%, and RoW - 10%

The report profiles the key players in the oil condition monitoring market. The prominent players profiled in this report include Bureau Veritas SA (France), Intertek Group plc (UK), Parker Hannifin Corporation (US), Castrol Limited (UK), General Electric Company (US), TestOil (Insight Services, Inc.) (US), and Spectro Analytical Instruments GmbH (Germany).

Research Coverage:

This research report categorizes the overall oil condition monitoring market on the basis of sampling type, product type, measurement type, industry, and region. The report discusses the major drivers, restraints, challenges, and opportunities, as well as the value chain analysis pertaining to this market.

Reasons to Buy the Report

The report would help leaders/new entrants in the oil condition monitoring market in the following ways:

1. This report segments the oil condition monitoring market comprehensively and provides the closest market size estimation for subsegments across different regions.
2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the information on the competitors’ ecosystem, product launches, acquisitions, partnerships, agreements, contracts, and collaborations.

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FEATURED COMPANIES

  • AVENISENSE S.A.
  • Bureau Veritas
  • Castrol Limited
  • Chevron Corporation
  • GE
  • Intertek Group Plc
  • MORE

1 Introduction
    1.1 Market Definition
    1.2 Scope of Work
           1.2.1 Monitoring Methods
           1.2.2 Industries
           1.2.3 Region/Country
    1.3 Stakeholders Covered in Study

2 Research Methodology
    2.1 Research Data
           2.1.1 Datasets From Secondary Sources
           2.1.2 Datasets From Primary Sources
    2.2 Research Design and Flow
    2.3 Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Market Segmentation
    5.2 Market Dynamics for On-Site Continuous Monitoring
           5.2.1 Driver
           5.2.2 Restraint
           5.2.3 Opportunity
           5.2.4 Challenge
    5.3 Value Chain Analysis
    5.4 Impact of IoT on the Condition Monitoring
    5.5 Monitoring Categories
           5.5.1 Machine Wear
           5.5.2 Contamination
           5.5.3 Degradation

6 Market Analysis, By Sampling Type
    6.1 Introduction
    6.2 On-Site
           6.2.1 Portable Kit (On-Board)
           6.2.2 Fixed Continuous Monitoring
    6.3 Off-Site

7 Market Analysis, By Product Types
    7.1 Introduction
    7.2 Turbines
    7.3 Compressors
    7.4 Engines
    7.5 Gear Systems
    7.6 Hydraulic Systems

8 Market Analysis, By Measurement Types
    8.1 Introduction
    8.2 Temperature
    8.3 Pressure
    8.4 Density
    8.5 Viscosity
    8.6 Dielectric
    8.7 TAN
    8.8 TBN
    8.9 Water Dilution
    8.10 Fuel Dilution
    8.11 Soot
    8.12 Wear Particles

9 Market Analysis, By Industry
    9.1 Introduction
    9.2 Transportation
           9.2.1 Automobile
           9.2.2 Aerospace
           9.2.3 Marine
           9.2.4 Heavy Vehicle
           9.2.5 Locomotive Engine
    9.3 Industrial
    9.4 Oil & Gas
    9.5 Energy & Power
    9.6 Mining

10 Market Analysis, By Geography
     10.1 Introduction
     10.2 Americas
     10.3 Europe
     10.4 APAC
     10.5 RoW

11 Competitive Landscape
     11.1 Market Share/Rank Analysis
     11.2 Dive Matrix
             11.2.1 Product Offering Scorecard
             11.2.2 Business Strategy Scorecard
     11.3 Market Synergy
             11.3.1 New Product Development
             11.3.2 Merger & Acquisition
             11.3.3 Partnership, JV, and Collaboration

12 Company Analysis
     12.1 Bureau Veritas
     12.2 Castrol Limited
     12.3 Chevron Corporation
     12.4 GE
     12.5 Intertek Group Plc
     12.6 Parker Hannifin Manufacturing Ltd
     12.7 SPECTRO Analytical Instruments GmbH
     12.8 Shell
     12.9 Test Oil (Insight Services Inc.)
     12.10 TRIBOMAR GmbH
     12.11 Unimarine
     12.12 Innovators
             12.12.1 AVENISENSE S.A.
             12.12.2 Poseidon Systems, LLC
             12.12.3 Micromem Applied Sensor Technologies Inc.
             12.12.4 Delta Services Industriels (DSi)

13 Appendix
     13.1 Discussion Guide
     13.2 Available Customization
     13.3 Related Reports

List of Tables
Table 1 Key Data From Secondary Sources
Table 2 Key Data From Primary Sources
Table 3 Key Oil Analysis Parameters and Corresponding Analytical Techniques
Table 4 Damage Caused By Core Contaminant Types
Table 5 Oil Quality Monitoring Market, By Sampling Type (USD Million)
Table 6 On-Site Oil Quality Monitoring Market (USD Million)
Table 7 On-Site Oil Quality Monitoring Market, By Industry (USD Million)
Table 8 Off-Site Oil Quality Monitoring Market, By Industry (USD Million)
Table 9 On-Site Oil Quality Monitoring Market for Transportation Industry (USD Million)
Table 10 Off-Site Oil Quality Monitoring Market for Transportation Industry (USD Million)
Table 11 Oil Quality Monitoring Market for Turbines in Transportation Industry (USD Million)
Table 12 Oil Quality Monitoring Market for Hydraulic Systems in Transportation Industry (USD Million)
Table 13 Oil Quality Monitoring Market for Compressors in Transportation Industry (USD Million)
Table 14 Oil Quality Monitoring Market for Engines in Transportation Industry (USD Million)
Table 15 Oil Quality Monitoring Market for Gear Systems in Transportation Industry (USD Million)
Table 16 Oil Quality Monitoring Market, By Measurement Type ( USD Million)
Table 17 Oil Quality Monitoring Market for Transportation, By Product Type (USD Million)
Table 18 Oil Quality Monitoring Market for Energy & Power, By Product Type (USD Million)
Table 19 Oil Quality Monitoring Market for Industries, By Product Type (USD Million)
Table 20 Oil Quality Monitoring Market for Oil & Gas, By Product Type (USD Million)
Table 21 Oil Quality Monitoring Market for Mining, By Product Type (USD Million)
Table 22 Oil Quality Monitoring Market for Marine, By Product Type (USD Million)
Table 23 Oil Quality Monitoring Market for Aerospace, By Product Type (USD Million)
Table 24 Oil Quality Monitoring Market for Heavy Vehicle, By Product Type (USD Million)
Table 25 Oil Quality Monitoring Market for Locomotive, By Product Type (USD Million)
Table 26 Oil Quality Monitoring Market for Automobile, By Product Type (USD Million)
Table 27 Oil Quality Monitoring Market, By Region, 2015-2023 (USD Million)
Table 28 Oil Quality Monitoring Market in Americas, By Industry (USD Million)
Table 29 Oil Quality Monitoring Market in Americas, By Transportation Industry (USD Million)
Table 30 Oil Quality Monitoring Market in Europe, By Industry (USD Million)
Table 31 Oil Quality Monitoring Market in Europe, By Transportation Industry (USD Million)
Table 32 Oil Quality Monitoring Market in APAC, By Industry (USD Million)
Table 33 Oil Quality Monitoring Market in APAC, By Transportation Industry (USD Million)
Table 34 Oil Quality Monitoring Market in RoW, By Industry (USD Million)
Table 35 Oil Quality Monitoring Market in RoW, By Transportation Industry (USD Million)
Table 36 Ranking of Key Players in Oil Quality Monitoring Market, 2016
Table 37 Competitive Leadership Mapping (Strength of Product & Service Portfolio )
Table 38 Competitive Leadership Mapping (Business Strategy Excellence)

List of Figures
Figure 1 Years Considered for Study
Figure 2 Secondary Sources
Figure 3 Research Design
Figure 4 Key Industry Insights
Figure 5 Research Methodology
Figure 6 Bottom-Up and Top-Down Approach
Figure 7 Market Size Estimation
Figure 8 Market Data Triangulation
Figure 9 Research Assumptions
Figure 10 Rising Demand for Cost-Effective Solutions Would Increase Demand for Oil Quality Monitoring During Forecast Period
Figure 11 Turbines to Hold Largest Share of Oil Quality Monitoring Market By 2023
Figure 12 Energy & Power Industry to Hold Significant Share of the Oil Quality Monitoring Market By 2023
Figure 13 Oil Quality Monitoring Market in Americas to Grow at the Highest CAGR Between 2017 and 2023
Figure 14 Market Segmentation
Figure 15 Market Dynamics for On-Site Continuous Monitoring
Figure 16 Value Chain Analysis
Figure 17 Supply Chain Analysis
Figure 18 Oil Quality Monitoring Market, By Sampling Type (USD Million)
Figure 19 On-Site Oil Quality Monitoring Market, By Industry (USD Million)
Figure 20 Off-Site Oil Quality Monitoring Market, By Industry (USD Million)
Figure 21 Oil Quality Monitoring Market, By Product Type (USD Million)
Figure 22 Oil Quality Monitoring Market for Turbines, By Industry (USD Million)
Figure 23 Oil Quality Monitoring Market for Hydraulic Systems, By Industry (USD Million)
Figure 24 Oil Quality Monitoring Market for Compressors, By Industry (USD Million)
Figure 25 Oil Quality Monitoring Market for Engines, By Industry (USD Million)
Figure 26 Oil Quality Monitoring Market for Gear Systems, By Industry (USD Million)
Figure 27 Oil Quality Monitoring Market, By Measurement Type (USD Million)
Figure 28 Oil Quality Monitoring Market, By Industry (USD Million)
Figure 29 Oil Quality Monitoring Market for Transportation, By Product Type (USD Million)
Figure 30 Oil Quality Monitoring Market for Energy & Power, By Product Type (USD Million)
Figure 31 Oil Quality Monitoring Market for Industries, By Product Type (USD Million)
Figure 32 Oil Quality Monitoring Market for Oil & Gas, By Product Type (USD Million)
Figure 33 Oil Quality Monitoring Market for Mining, By Product Type (USD Million)
Figure 34 Oil Quality Monitoring Market for Marine, By Product Type (USD Million)
Figure 35 Oil Quality Monitoring Market for Aerospace, By Product Type (USD Million)
Figure 36 Oil Quality Monitoring Market for Heavy Vehicle, By Product Type (USD Million)
Figure 37 Oil Quality Monitoring Market for Locomotive, By Product Type (USD Million)
Figure 38 Oil Quality Monitoring Market for Automobile, By Product Type (USD Million)
Figure 39 Companies Adopted Product Launch, Development, and Service Launch as Key Growth Strategies Between January 2014 and April 2017
Figure 40 Competitive Situation and Trends
Figure 41 Battle for Market Share: Product Launches, Developments and Service Launches Were Key Strategies Between January 2014 and April 2017
Figure 42 Competitive Leadership Mapping

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  • AVENISENSE S.A.
  • Bureau Veritas
  • Castrol Limited
  • Chevron Corporation
  • Delta Services Industriels (DSi)
  • GE
  • Intertek Group Plc
  • Micromem Applied Sensor Technologies Inc.
  • Parker Hannifin Manufacturing Ltd
  • Poseidon Systems, LLC
  • SPECTRO Analytical Instruments GmbH
  • Shell
  • TRIBOMAR GmbH
  • Test Oil (Insight Services Inc.)
  • Unimarine
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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