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Oil Condition Monitoring - Global Market Trajectory & Analytics

  • ID: 5140225
  • Report
  • September 2020
  • Region: Global
  • 238 pages
  • Global Industry Analysts, Inc
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Global Oil Condition Monitoring Market to Reach US$943.7 Million by the Year 2027

Amid the COVID-19 crisis, the global market for Oil Condition Monitoring estimated at US$580.6 Million in the year 2020, is projected to reach a revised size of US$943.7 Million by 2027, growing at a CAGR of 7.2% over the period 2020-2027. On-Site, one of the segments analyzed in the report, is projected to grow at a 8.4% CAGR to reach US$393.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Off-Site segment is readjusted to a revised 6.4% CAGR for the next 7-year period. This segment currently accounts for a 61.5% share of the global Oil Condition Monitoring market.

The U. S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 7% CAGR for the Period of 2020-2027

The Oil Condition Monitoring market in the U. S. is estimated at US$171.7 Million in the year 2020. The country currently accounts for a 29.57% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$164.1 Million in the year 2027 trailing a CAGR of 6.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR while Rest of European market (as defined in the study) will reach US$164.1 Million by the year 2027. We bring years of research experience to this 7th edition of our report. The 238-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Bureau Veritas SA
  • Castrol Ltd.
  • General Electric Company
  • Intertek Group PLC
  • Parker Hannifin Corporation
  • Spectro Analytical Instruments GmbH
  • Testoil (Insight Services, Inc.)
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Oil Condition Monitoring Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Oil Condition Monitoring Market Share (in %) by Company: 2018 & 2027
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Oil Condition Monitoring Market: Competitor Market Share Scenario (in %) for 2018 & 2027
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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