Oil Condition Monitoring Market Report 2026

The oil condition monitoring market size has grown strongly in recent years. It will grow from $1.52 billion in 2025 to $1.64 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth of industrial machinery usage, reliance on preventive maintenance practices, increasing equipment downtime costs, expansion of oil and gas operations, adoption of laboratory oil testing.

The oil condition monitoring market size is expected to see strong growth in the next few years. It will grow to $2.23 billion in 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to integration of ai-based diagnostics, rising automation across industries, demand for reduced maintenance costs, growth in industrial digitization, focus on equipment life extension. Major trends in the forecast period include rising adoption of predictive maintenance programs, increasing demand for real-time oil analysis, growing use of sensor-based monitoring, shift toward condition-based maintenance, expansion of off-site oil analysis services.

The rapid growth of the automobile industry is anticipated to drive the expansion of the oil condition monitoring market in the coming years. The automobile industry encompasses businesses and activities involved in the production of motor vehicles, including most of their components, such as engines and bodies. Oil condition monitoring supports the automobile sector by tracking, measuring, and analyzing changes in lubricant and fuel oils for chemical content and contamination while also assessing the degradation of oil quality. For example, in March 2024, the European Automobile Manufacturers' Association, a Belgium-based industry organization, reported that the EU car market experienced significant growth in 2023, expanding by 13.9% compared to 2022, with a total volume of 10.5 million units. Thus, the booming automobile industry is propelling the oil condition monitoring market forward.

Leading companies in the oil condition monitoring market are developing innovative products, such as remote monitoring systems, to secure a competitive advantage. These systems facilitate real-time assessments of lubrication quality in machinery, allowing for the early identification of potential failures, which helps minimize unplanned downtime and enhances maintenance efficiency. For example, in October 2023, Valmet Oyj, a manufacturing company based in Finland, launched a new application called Valmet Oil Monitoring. This application is designed for the remote monitoring of oil lubrication in fiber processing equipment, tackling the challenges of manually retrieving oil samples in harsh environments. By enabling real-time surveillance of lubrication properties, the application detects changes in oil quality and helps forecast potential failures, allowing for timely corrective actions that can prevent unexpected shutdowns and costly repairs.

In June 2024, SPM International, a manufacturing company headquartered in France, acquired Status Pro Maschinendiagnostik GmbH for an undisclosed amount. This acquisition aims to bolster SPM's presence in Europe and enhance its capabilities in the condition monitoring sector, allowing the company to deliver superior customer service and innovative predictive maintenance solutions. Status Pro Maschinendiagnostik GmbH is a Germany-based firm that specializes in machine condition monitoring.

Major companies operating in the oil condition monitoring market are Parker Hannifin Corporation, Royal Dutch Shell PLC, Bureau Veritas Group, General Electric Company, British Petroleum Company PLC, Chevron Corporation, Baker Hughes Company, Exxon Mobil Corporation, Fluid Life Corporation, Insight Services Inc., Celanese Corporation, Eaton Corporation PLC, UNIMARINE LLC, Honeywell International Inc., Total SE, Rockwell Automation Inc., National Instruments Corporation, Vickers Oils Ltd., Element Materials Technology Group Limited, Eastway Tank Pump & Meter Limited, Blue Oceans Satellite Systems Inc., WearCheck Africa (Pty) Ltd., Wärtsilä Corporation, Société Générale de Surveillance SA, Intertek Group PLC, TotalEnergies, Techenomics International.

North America was the largest region in the oil condition monitoring market in 2025. Asia-Pacific is expected to be the fastest-growing region in the oil condition monitoring market during the forecast period. The regions covered in the oil condition monitoring market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oil condition monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The oil condition monitoring market includes revenues earned by entities by providing oil analysis services such as lubricant and oil testing, grease testing, cylinder liner monitoring, ferrography testing, tribology testing, and other services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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