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Oil Condition Monitoring Services Market

Oil Condition Monitoring Services Market (Service: Lubricant and Oil Testing, Grease Testing, Cylinder Liner Monitoring, Ferrography Testing, and Tribology Testing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Oil Condition Monitoring Services Market Outlook 2031

  • The global oil condition monitoring services market was valued at US$ 840.7 Mn in 2021
  • It is estimated to rise at a CAGR of 8.7% from 2022 to 2031
  • The global oil condition monitoring services market is expected to reach US$ 1.92 Bn by the end of 2031

Analysts’ Viewpoint on Oil Condition Monitoring Services Market Scenario

Companies in the global oil condition monitoring services market are focusing on high-growth end-use industries such as automotive & transportation, marine, and energy & utilities to keep their businesses growing post the COVID-19 pandemic. Rise in demand for laboratory testing of lubrication oil, engine oil, and assessment of quality degradation in machinery is expected to drive the global market during the forecast period. Furthermore, demand for oil condition monitoring in industries is high due to a rise in the demand for energy and an increase in adoption of big data analytics and IIoT adoption. Stakeholders should focus on online, real-time platforms for evaluation of machinery and oil in order to gain revenue benefits. Continuous predictive analysis can be achieved with the help of IIoT and appropriate client and service provider consultation.

Oil Condition Monitoring Services Market

Oil Condition Monitoring Services Market Introduction

Oil condition monitoring (OCM) is an important element of any predictive maintenance program. OCM entails measuring, monitoring, and analyzing changes in lubricant and fuel oil for contamination and chemical content, as well as tracking oil quality degradation from new to end-of-life. Accurate, high-quality oil condition analysis, or oil quality monitoring, provides a complete understanding of the equipment's health and status. Contamination by fuel, water, or acid can rapidly cause oil to lose its lubricating properties, resulting in equipment damage. The condition of the lubricant oil used often reflects operational issues in machines, engines, and other components. Oil analysis parameters or regularly scheduled oil condition monitoring can detect mechanical issues before they disrupt the efficient operation of machinery, saving money in the long run. Rise in prevalence of predictive maintenance among asset managers and machine operators across the globe is likely to propel the global oil condition monitoring market. Manufacturers are expected to gain incremental opportunities in the oil analysis condition monitoring services market in the next few years.

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Rise in Prevalence of Predictive Maintenance to Propel Global Oil Condition Monitoring Services Market

The method of predictive maintenance emerged in the last few years and rapidly started gaining prominence among industry operators and asset managers. Predictive maintenance can help industries evaluate the health of the assets and predict when a particular component or a system is likely to fail and thus, needs replacement or repair.

Several organizations are preferring predictive maintenance analytics, ranging from targeted solutions for a single machine part, to factory-wide deployments to increase Overall Equipment Effectiveness (OEE) throughout the production line. Oil condition monitoring companies help identify the equipment before it leads to serious damage. Oil condition monitoring technology reduces unplanned downtime, extends the lifetime of the equipment, and safely extends oil change intervals which is a costly affair. Thus, rise in prevalence of predictive maintenance is projected to increase the oil condition monitoring market size during the forecast period.

Growing Importance of Extending Operational Life of Critical Assets to Boost Oil Condition Monitoring Services Market

When it comes to the lifecycle of any asset, one expects it to perform its intended function as efficiently as possible for as long as possible. The lifecycle of an asset in a system includes its design, installation, operation, and decommissioning. There are numerous factors that influence asset performance and, ultimately, asset health. For instance, lubricants in the machinery have to constantly work under critical conditions and are exposed to constant high pressures. Additionally, factors such as high pressures, temperatures and other harmful factors, including water contamination, corrosion, fuel, and air ingested particles adversely impact the performance of the lubricant. This further leads to mechanical damage to the spare parts of the machinery. It is of pivotal importance to monitor the condition of the assets to avoid unexpected breakdowns and hamper the operations of the industry as a whole. This can be achieved by employing effective monitoring solutions which keep a check on the health of the asset and helps in predicting the maintenance needs, well in advance.

Failure to implement a suitable oil condition monitoring program can lead to unexpected shutdown of the system. This can lead to wear and tear in the machinery components causing the machinery to stop functioning which further leads to a reduced lifetime of the asset. Industries then have to incur the cost of procuring new machinery, which results in a significant expense. The cost of replacement of the equipment can be brought down by as much as 50% with the help of suitable oil condition monitoring services. Therefore, numerous industries are opting for real time oil condition monitoring services in a bid to minimize equipment failure and further extend their operational life.

High Demand for Lubricant and Oil Testing Services across Diverse Industries

In terms of service, the global oil condition monitoring services market has been segregated into lubricant and oil testing, grease testing, cylinder liner monitoring, ferrography testing, and tribology testing. Among the segments, lubricant and oil testing held the highest share in the market in 2021. Lubricants are used to reduce friction, thereby reducing wear & tear among the components in the equipment. Lubricant and oil are the lifeblood of any machinery, as they help maintain the temperature levels of the equipment ensure smooth performance. Intertek is one of the major players in the market, which has a large network of lubricant and oil condition monitoring (OCM) laboratories that work with diverse industries to ensure quick, accurate, and reliable testing and reporting.

Significant Demand for Lubrication Oil to Maintain Longevity of Mechanical Equipment Driving Market

In terms of fluid, the global oil condition monitoring services have been bifurcated into lubrication oil and hydraulic oil. Increase in use of lubrication testing services by industry operators and widespread use of lubrication oil in machinery and equipment contributed to the prominent. Appropriate lubrication is a critical factor in determining the longevity and overall health of mechanical equipment or machinery in use. Lubricating oils are frequently subjected to extreme stress in service, where they are tasked with providing lubrication, cooling, removing contamination/wear, and providing corrosion protection.

Regional Analysis of Global Oil Condition Monitoring Services Market

North America held the largest market share of approximately 31% of the global oil condition monitoring services market in 2021. It is projected to maintain its share during the forecast period. The presence of key players and a rise in adoption of predictive maintenance in the U.S. are key factors boosting the oil condition monitoring services market share held by the region. The market in Asia Pacific is also growing due to rapid industrialization and urbanization. Furthermore, increase in usage of oil condition monitoring services for industrial applications drives the market in the region. Middle East & Africa is a larger market for oil condition monitoring services as compared to South America; however, the market in South America is estimated to grow at a rapid pace as compared to the market in Middle East & Africa.

Analysis of Key Players in Global Oil Condition Monitoring Services Market

The global oil condition monitoring services market is consolidated with a small number of large-scale vendors that control majority of the market share. Several firms are spending significantly on comprehensive research and development, and new product development. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Bureau Veritas, CONDITION MONITORING SERVICES, INC, Eastway, Element Materials Technology, Exxon Mobil Corporation, Intertek Group plc, SGS SA, Shell, Veritas Petroleum Services, and Vickers Oils are the prominent entities operating in this market.

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Key Developments in Global Oil Condition Monitoring Services Market

In August 2021, Shell announces the launch of VitalyX. It is an intelligent, advanced analytics-based oil condition monitoring and machine health service for the marine sector powered by Shell Remote Sense and Bently Nevada, a Baker Hughes business. It uses oil condition monitoring sensors and machine learning to provide customers with actionable insights to maximize equipment health, lower maintenance costs, and increase the operational efficiency of marine vessels by deploying industrial internet of things (IIOT) and artificial intelligence (AI) technology in innovative ways.

In June 2020, Intertek Group PLC expanded its current oil condition monitoring services network with two new locations in Jakarta, Indonesia, and Baku, Azerbaijan. Through this expansion, the company would be able to offer services to clients in Asia and across Europe. The new laboratories are also projected to complement the company's existing global network.

Each of these players has been profiled in the oil condition monitoring services market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Oil Condition Monitoring Services Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 840.7 Mn

Market Forecast Value in 2031

US$ 1.92 Bn

Growth Rate

(CAGR)

8.7%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Mn/Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Service
    • Lubricant and Oil Testing
    • Grease Testing
    • Cylinder Liner Monitoring
    • Ferrography Testing
    • Tribology Testing
  • Fluid
    • Lubrication Oil
    • Hydraulic Oil
  • Application
    • Engines
    • Turbines
    • Hydraulic Systems
    • Compressors
    • Others
  • End-use Industry
    • Automotive & Transportation
    • Marine
    • Energy & Utilities
    • Industrial
    • Others

Regions Covered

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • The U.K.
  • Germany
  • France
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Bureau Veritas
  • CONDITION MONITORING SERVICES, INC
  • Eastway
  • Element Materials Technology
  • Exxon Mobil Corporation
  • Intertek Group plc
  • SGS SA
  • Shell
  • Veritas Petroleum Services
  • Vickers Oils

Customization Scope

Available upon request

Pricing

Available upon request

Oil Condition Monitoring Services Market

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Frequently Asked Questions

What is the size of the global Oil Condition Monitoring Services market?

The global Oil Condition Monitoring Services market is projected to reach US$ 1.4 Bn by 2027, at a CAGR of 7%.

What are the major driving factors and opportunities in the Oil Condition Monitoring Services market?

Rising Adoption of Predictive Maintenance Among Industries: A Key Driver of Oil Condition Monitoring Services Market

Who are the star players in the global Oil Condition Monitoring Services market?

Companies such as Exxon Mobil Corporation, Intertek Group plc, SGS SA, Bureau Veritas, and Veritas Petroleum Services fall under the star category.

Which region contributes to the largest market share in Oil Condition Monitoring Services market during the forecast period?

North America contributes the largest market share in Oil Condition Monitoring Services market during the forecast period. 

What are some of the latest trends that will shape the Oil Condition Monitoring Services market in the future?

Industrial Internet of Things (IIoT) and Industry 4.0 revolution are adding great value to the development of Oil Condition Monitoring Services is expected to shape the market in the coming years

1. Preface

    1.1. Market Introduction

    1.2. Market and Segments Definition

    1.3. Market Taxonomy

    1.4. Research Methodology

    1.5. Assumption and Acronyms

2. Executive Summary

    2.1. Oil Condition Monitoring Services Market Overview

    2.2. Regional Outline

    2.3. Industry Outline

    2.4. Market Dynamics Snapshot

    2.5. Competition Blueprint

3. Market Dynamics

    3.1. Macro-economic Factors

    3.2. Drivers

    3.3. Restraints

    3.4. Opportunities

    3.5. Key Trends

    3.6. Regulatory Scenario

4. Associated Industry and Key Indicator Assessment

    4.1. Parent Industry Overview – Global Condition Monitoring Industry Overview

    4.2. Supply Chain Analysis

    4.3. Technology Roadmap Analysis

    4.4. Industry SWOT Analysis

    4.5. Porter Five Forces Analysis

    4.6. Covid-19 Impact and Recovery Analysis

5. Oil Condition Monitoring Services Market Analysis, by Service

    5.1. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Service, 2017–2031

        5.1.1. Lubricant and Oil Testing

        5.1.2. Grease Testing

        5.1.3. Cylinder Liner Monitoring

        5.1.4. Ferrography Testing

        5.1.5. Tribology Testing

    5.2. Market Attractiveness Analysis, By Service

6. Oil Condition Monitoring Services Market Analysis, by Fluid

    6.1. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Fluid, 2017–2031

        6.1.1. Lubrication Oil

        6.1.2. Hydraulic Oil

    6.2. Market Attractiveness Analysis, By Fluid

7. Oil Condition Monitoring Services Market Analysis, by Application

    7.1. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Application, 2017–2031

        7.1.1. Engines

        7.1.2. Turbines

        7.1.3. Hydraulic Systems

        7.1.4. Compressors

        7.1.5. Others

    7.2. Market Attractiveness Analysis, By Application

8. Oil Condition Monitoring Services Market Analysis, by End-use Industry

    8.1. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

        8.1.1. Automotive & Transportation

        8.1.2. Marine

        8.1.3. Energy & Utilities

        8.1.4. Industrial

        8.1.5. Others

    8.2. Market Attractiveness Analysis, By End-use Industry

9. Oil Condition Monitoring Services Market Analysis and Forecast, by Region

    9.1. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Region, 2017–2031

        9.1.1. North America

        9.1.2. Europe

        9.1.3. Asia Pacific

        9.1.4. Middle East & Africa

        9.1.5. South America

    9.2. Market Attractiveness Analysis, By Region

10. North America Oil Condition Monitoring Services Market Analysis and Forecast

    10.1. Market Snapshot

    10.2. Drivers and Restraints: Impact Analysis

    10.3. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Service, 2017–2031

        10.3.1. Lubricant and Oil Testing

        10.3.2. Grease Testing

        10.3.3. Cylinder Liner Monitoring

        10.3.4. Ferrography Testing

        10.3.5. Tribology Testing

    10.4. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Fluid, 2017–2031

        10.4.1. Lubrication Oil

        10.4.2. Hydraulic Oil

    10.5. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Application, 2017–2031

        10.5.1. Engines

        10.5.2. Turbines

        10.5.3. Hydraulic Systems

        10.5.4. Compressors

        10.5.5. Others

    10.6. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

        10.6.1. Automotive & Transportation

        10.6.2. Marine

        10.6.3. Energy & Utilities

        10.6.4. Industrial

        10.6.5. Others

    10.7. Oil Condition Monitoring Services Value (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031

        10.7.1. U.S.

        10.7.2. Canada

        10.7.3. Rest of North America

    10.8. Market Attractiveness Analysis

        10.8.1. By Service

        10.8.2. By Fluid

        10.8.3. By Application

        10.8.4. By End-use Industry

        10.8.5. By Country and Sub-region

11. Europe Oil Condition Monitoring Services Market Analysis and Forecast

    11.1. Market Snapshot

    11.2. Drivers and Restraints: Impact Analysis

    11.3. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Service, 2017–2031

        11.3.1. Lubricant and Oil Testing

        11.3.2. Grease Testing

        11.3.3. Cylinder Liner Monitoring

        11.3.4. Ferrography Testing

        11.3.5. Tribology Testing

    11.4. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Fluid, 2017–2031

        11.4.1. Lubrication Oil

        11.4.2. Hydraulic Oil

    11.5. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Application, 2017–2031

        11.5.1. Engines

        11.5.2. Turbines

        11.5.3. Hydraulic Systems

        11.5.4. Compressors

        11.5.5. Others

    11.6. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

        11.6.1. Automotive & Transportation

        11.6.2. Marine

        11.6.3. Energy & Utilities

        11.6.4. Industrial

        11.6.5. Others

    11.7. Oil Condition Monitoring Services Value (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031

        11.7.1. The U.K.

        11.7.2. Germany

        11.7.3. France

        11.7.4. Rest of Europe

    11.8. Market Attractiveness Analysis

        11.8.1. By Service

        11.8.2. By Fluid

        11.8.3. By Application

        11.8.4. By End-use Industry

        11.8.5. By Country and Sub-region

12. Asia Pacific Oil Condition Monitoring Services Market Analysis and Forecast

    12.1. Market Snapshot

    12.2. Drivers and Restraints: Impact Analysis

    12.3. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Service, 2017–2031

        12.3.1. Lubricant and Oil Testing

        12.3.2. Grease Testing

        12.3.3. Cylinder Liner Monitoring

        12.3.4. Ferrography Testing

        12.3.5. Tribology Testing

    12.4. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Fluid, 2017–2031

        12.4.1. Lubrication Oil

        12.4.2. Hydraulic Oil

    12.5. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Application, 2017–2031

        12.5.1. Engines

        12.5.2. Turbines

        12.5.3. Hydraulic Systems

        12.5.4. Compressors

        12.5.5. Others

    12.6. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

        12.6.1. Automotive & Transportation

        12.6.2. Marine

        12.6.3. Energy & Utilities

        12.6.4. Industrial

        12.6.5. Others

    12.7. Oil Condition Monitoring Services Value (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031

        12.7.1. China

        12.7.2. India

        12.7.3. Japan

        12.7.4. South Korea

        12.7.5. ASEAN

        12.7.6. Rest of Asia Pacific

    12.8. Market Attractiveness Analysis

        12.8.1. By Service

        12.8.2. By Fluid

        12.8.3. By Application

        12.8.4. By End-use Industry

        12.8.5. By Country and Sub-region

13. Middle East and Africa Oil Condition Monitoring Services Market Analysis and Forecast

    13.1. Market Snapshot

    13.2. Drivers and Restraints: Impact Analysis

    13.3. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Service, 2017–2031

        13.3.1. Lubricant and Oil Testing

        13.3.2. Grease Testing

        13.3.3. Cylinder Liner Monitoring

        13.3.4. Ferrography Testing

        13.3.5. Tribology Testing

    13.4. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Fluid, 2017–2031

        13.4.1. Lubrication Oil

        13.4.2. Hydraulic Oil

    13.5. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Application, 2017–2031

        13.5.1. Engines

        13.5.2. Turbines

        13.5.3. Hydraulic Systems

        13.5.4. Compressors

        13.5.5. Others

    13.6. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

        13.6.1. Automotive & Transportation

        13.6.2. Marine

        13.6.3. Energy & Utilities

        13.6.4. Industrial

        13.6.5. Others

    13.7. Oil Condition Monitoring Services Value (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031

        13.7.1. GCC

        13.7.2. South Africa

        13.7.3. Rest of the Middle East and Africa

    13.8. Market Attractiveness Analysis

        13.8.1. By Service

        13.8.2. By Fluid

        13.8.3. By Application

        13.8.4. By End-use Industry

        13.8.5. By Country and Sub-region

14. South America Oil Condition Monitoring Services Market Analysis and Forecast

    14.1. Market Snapshot

    14.2. Drivers and Restraints: Impact Analysis

    14.3. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Service, 2017–2031

        14.3.1. Lubricant and Oil Testing

        14.3.2. Grease Testing

        14.3.3. Cylinder Liner Monitoring

        14.3.4. Ferrography Testing

        14.3.5. Tribology Testing

    14.4. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Fluid, 2017–2031

        14.4.1. Lubrication Oil

        14.4.2. Hydraulic Oil

    14.5. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by Application, 2017–2031

        14.5.1. Engines

        14.5.2. Turbines

        14.5.3. Hydraulic Systems

        14.5.4. Compressors

        14.5.5. Others

    14.6. Oil Condition Monitoring Services Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

        14.6.1. Automotive & Transportation

        14.6.2. Marine

        14.6.3. Energy & Utilities

        14.6.4. Industrial

        14.6.5. Others

    14.7. Oil Condition Monitoring Services Value (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017–2031

        14.7.1. Brazil

        14.7.2. Rest of South America

    14.8. Market Attractiveness Analysis

        14.8.1. By Service

        14.8.2. By Fluid

        14.8.3. By Application

        14.8.4. By End-use Industry

        14.8.5. By Country and Sub-region

15. Competition Assessment

    15.1. Global Oil Condition Monitoring Services Market Competition Matrix - a Dashboard View

        15.1.1. Global Oil Condition Monitoring Services Market Company Share Analysis, by Value (2021)

        15.1.2. Technological Differentiator

16. Company Profiles (Global Manufacturers/Suppliers)

    16.1. Bureau Veritas

        16.1.1. Overview

        16.1.2. Product Portfolio

        16.1.3. Sales Footprint

        16.1.4. Key Subsidiaries or Distributors

        16.1.5. Strategy and Recent Developments

        16.1.6. Key Financials

    16.2. CONDITION MONITORING SERVICES, INC

        16.2.1. Overview

        16.2.2. Product Portfolio

        16.2.3. Sales Footprint

        16.2.4. Key Subsidiaries or Distributors

        16.2.5. Strategy and Recent Developments

        16.2.6. Key Financials

    16.3. Eastway

        16.3.1. Overview

        16.3.2. Product Portfolio

        16.3.3. Sales Footprint

        16.3.4. Key Subsidiaries or Distributors

        16.3.5. Strategy and Recent Developments

        16.3.6. Key Financials

    16.4. Element Materials Technology

        16.4.1. Overview

        16.4.2. Product Portfolio

        16.4.3. Sales Footprint

        16.4.4. Key Subsidiaries or Distributors

        16.4.5. Strategy and Recent Developments

        16.4.6. Key Financials

    16.5. Exxon Mobil Corporation

        16.5.1. Overview

        16.5.2. Product Portfolio

        16.5.3. Sales Footprint

        16.5.4. Key Subsidiaries or Distributors

        16.5.5. Strategy and Recent Developments

        16.5.6. Key Financials

    16.6. Intertek Group plc

        16.6.1. Overview

        16.6.2. Product Portfolio

        16.6.3. Sales Footprint

        16.6.4. Key Subsidiaries or Distributors

        16.6.5. Strategy and Recent Developments

        16.6.6. Key Financials

    16.7. SGS SA

        16.7.1. Overview

        16.7.2. Product Portfolio

        16.7.3. Sales Footprint

        16.7.4. Key Subsidiaries or Distributors

        16.7.5. Strategy and Recent Developments

        16.7.6. Key Financials

    16.8. Shell

        16.8.1. Overview

        16.8.2. Product Portfolio

        16.8.3. Sales Footprint

        16.8.4. Key Subsidiaries or Distributors

        16.8.5. Strategy and Recent Developments

        16.8.6. Key Financials

    16.9. Veritas Petroleum Services

        16.9.1. Overview

        16.9.2. Product Portfolio

        16.9.3. Sales Footprint

        16.9.4. Key Subsidiaries or Distributors

        16.9.5. Strategy and Recent Developments

        16.9.6. Key Financials

    16.10. Vickers Oils

        16.10.1. Overview

        16.10.2. Product Portfolio

        16.10.3. Sales Footprint

        16.10.4. Key Subsidiaries or Distributors

        16.10.5. Strategy and Recent Developments

        16.10.6. Key Financials

17. Recommendation

    17.1. Opportunity Assessment

        17.1.1. By Service

        17.1.2. By Fluid

        17.1.3. By Application

        17.1.4. By End-use Industry

        17.1.5. By Region

List of Tables

Table 01: Global Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Service, 2017‒2031

Table 02: Global Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Fluid, 2017‒2031

Table 03: Global Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 04: Global Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by End-use Industry, 2017‒2031

Table 05: Global Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Region, 2017‒2031

Table 06: North America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Service, 2017‒2031

Table 07: North America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Fluid, 2017‒2031

Table 08: North America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 09: North America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by End-use Industry, 2017‒2031

Table 10: North America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 11: Europe Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Service, 2017‒2031

Table 12: Europe Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Fluid, 2017‒2031

Table 13: Europe Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 14: Europe Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by End-use Industry, 2017‒2031

Table 15: Europe Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 16: Asia Pacific Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Service, 2017‒2031

Table 17: Asia Pacific Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Fluid, 2017‒2031

Table 18: Asia Pacific Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 19: Asia Pacific Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by End-use Industry, 2017‒2031

Table 20: Asia Pacific Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 21: Middle East & Africa Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Service, 2017‒2031

Table 22: Middle East & Africa Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Fluid, 2017‒2031

Table 23: Middle East & Africa Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 24: Middle East & Africa Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by End-use Industry, 2017‒2031

Table 25: Middle East & Africa Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

Table 26: South America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Service, 2017‒2031

Table 27: South America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Fluid, 2017‒2031

Table 28: South America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 29: South America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by End-use Industry, 2017‒2031

Table 30: South America Oil Condition Monitoring Services Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

List of Figures

Figure 01: Global Oil Condition Monitoring Services Market Share Analysis, by Region, 2022 and 2031

Figure 02: Global Oil Condition Monitoring Services Price Trend Analysis (Average Price, US$ Thousand)

Figure 03: Global Oil Condition Monitoring Services Market Size & Forecast, Value (US$ Mn), 2017-2031

Figure 04: Global Oil Condition Monitoring Services Market, Year-on-Year Growth, Global Overview, 2018-2031

Figure 05: Global Oil Condition Monitoring Services Market Projections by Service, Value (US$ Mn), 2017-2031

Figure 06: Global Oil Condition Monitoring Services Market, Incremental Opportunity, by Service, Value (US$ Mn ), 2022-2031

Figure 07: Global Oil Condition Monitoring Services Market Share Analysis, by Service, 2022 and 2031

Figure 08: Global Oil Condition Monitoring Services Market Projections by Fluid, Value (US$ Mn), 2017-2031

Figure 09: Global Oil Condition Monitoring Services Market, Incremental Opportunity, by Fluid, Value (US$ Mn), 2022-2031

Figure 10: Global Oil Condition Monitoring Services Market Share Analysis, by Fluid, 2022 and 2031

Figure 11: Global Oil Condition Monitoring Services Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 12: Global Oil Condition Monitoring Services Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 13: Global Oil Condition Monitoring Services Market Share Analysis, by Application, 2022 and 2031

Figure 14: Global Oil Condition Monitoring Services Market Projections by End-use Industry, Value (US$ Mn), 2017-2031

Figure 15: Global Oil Condition Monitoring Services Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022-2031

Figure 16: Global Oil Condition Monitoring Services Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 17: Global Oil Condition Monitoring Services Market Projections by Region, Value (US$ Mn), 2017-2031

Figure 18: Global Oil Condition Monitoring Services Market, Incremental Opportunity, by Region, Value (US$ Mn), 2022-2031

Figure 19: Global Oil Condition Monitoring Services Market Share Analysis, by Region, 2022 and 2031

Figure 20: North America Oil Condition Monitoring Services Market Size & Forecast, Value (US$ Mn), 2017-2031

Figure 21: North America Oil Condition Monitoring Services Market, Year-on-Year Growth, North America Overview, 2018-2031

Figure 22: North America Oil Condition Monitoring Services Market Projections by Service, Value (US$ Mn), 2017-2031

Figure 23: North America Oil Condition Monitoring Services Market, Incremental Opportunity, by Service, Value (US$ Mn ), 2022-2031

Figure 24: North America Oil Condition Monitoring Services Market Share Analysis, by Service, 2022 and 2031

Figure 25: North America Oil Condition Monitoring Services Market Projections by Fluid, Value (US$ Mn), 2017-2031

Figure 26: North America Oil Condition Monitoring Services Market, Incremental Opportunity, by Fluid, Value (US$ Mn), 2022-2031

Figure 27: North America Oil Condition Monitoring Services Market Share Analysis, by Fluid, 2022 and 2031

Figure 28: North America Oil Condition Monitoring Services Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 29: North America Oil Condition Monitoring Services Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 30: North America Oil Condition Monitoring Services Market Share Analysis, by Application, 2022 and 2031

Figure 31: North America Oil Condition Monitoring Services Market Projections by End-use Industry, Value (US$ Mn), 2017-2031

Figure 32: North America Oil Condition Monitoring Services Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022-2031

Figure 33: North America Oil Condition Monitoring Services Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 34: North America Oil Condition Monitoring Services Market Projections by Country and Sub-region, Value (US$ Mn), 2017-2031

Figure 35: North America Oil Condition Monitoring Services Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022-2031

Figure 36: North America Oil Condition Monitoring Services Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 37: Europe Oil Condition Monitoring Services Market Size & Forecast, Value (US$ Mn), 2017-2031

Figure 38: Europe Oil Condition Monitoring Services Market, Year-on-Year Growth, Europe Overview, 2018-2031

Figure 39: Europe Oil Condition Monitoring Services Market Projections by Service, Value (US$ Mn), 2017-2031

Figure 40: Europe Oil Condition Monitoring Services Market, Incremental Opportunity, by Service, Value (US$ Mn ), 2022-2031

Figure 41: Europe Oil Condition Monitoring Services Market Share Analysis, by Service, 2022 and 2031

Figure 42: Europe Oil Condition Monitoring Services Market Projections by Fluid, Value (US$ Mn), 2017-2031

Figure 43: Europe Oil Condition Monitoring Services Market, Incremental Opportunity, by Fluid, Value (US$ Mn), 2022-2031

Figure 44: Europe Oil Condition Monitoring Services Market Share Analysis, by Fluid, 2022 and 2031

Figure 45: Europe Oil Condition Monitoring Services Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 46: Europe Oil Condition Monitoring Services Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 47: Europe Oil Condition Monitoring Services Market Share Analysis, by Application, 2022 and 2031

Figure 48: Europe Oil Condition Monitoring Services Market Projections by End-use Industry, Value (US$ Mn), 2017-2031

Figure 49: Europe Oil Condition Monitoring Services Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022-2031

Figure 50: Europe Oil Condition Monitoring Services Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 51: Europe Oil Condition Monitoring Services Market Projections by Country and Sub-region, Value (US$ Mn), 2017-2031

Figure 52: Europe Oil Condition Monitoring Services Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022-2031

Figure 53: Europe Oil Condition Monitoring Services Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 54: Asia Pacific Oil Condition Monitoring Services Market Size & Forecast, Value (US$ Mn), 2017-2031

Figure 55: Asia Pacific Oil Condition Monitoring Services Market, Year-on-Year Growth, Asia Pacific Overview, 2018-2031

Figure 56: Asia Pacific Oil Condition Monitoring Services Market Projections by Service, Value (US$ Mn), 2017-2031

Figure 57: Asia Pacific Oil Condition Monitoring Services Market, Incremental Opportunity, by Service, Value (US$ Mn ), 2022-2031

Figure 58: Asia Pacific Oil Condition Monitoring Services Market Share Analysis, by Service, 2022 and 2031

Figure 59: Asia Pacific Oil Condition Monitoring Services Market Projections by Fluid, Value (US$ Mn), 2017-2031

Figure 60: Asia Pacific Oil Condition Monitoring Services Market, Incremental Opportunity, by Fluid, Value (US$ Mn), 2022-2031

Figure 61: Asia Pacific Oil Condition Monitoring Services Market Share Analysis, by Fluid, 2022 and 2031

Figure 62: Asia Pacific Oil Condition Monitoring Services Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 63: Asia Pacific Oil Condition Monitoring Services Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 64: Asia Pacific Oil Condition Monitoring Services Market Share Analysis, by Application, 2022 and 2031

Figure 65: Asia Pacific Oil Condition Monitoring Services Market Projections by End-use Industry, Value (US$ Mn), 2017-2031

Figure 66: Asia Pacific Oil Condition Monitoring Services Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022-2031

Figure 67: Asia Pacific Oil Condition Monitoring Services Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 68: Asia Pacific Oil Condition Monitoring Services Market Projections by Country and Sub-region, Value (US$ Mn), 2017-2031

Figure 69: Asia Pacific Oil Condition Monitoring Services Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022-2031

Figure 70: Asia Pacific Oil Condition Monitoring Services Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 71: Middle East & Africa Oil Condition Monitoring Services Market Size & Forecast, Value (US$ Mn), 2017-2031

Figure 72: Middle East & Africa Oil Condition Monitoring Services Market Year-on-Year Growth Overview, 2018-2031

Figure 73: Middle East & Africa Oil Condition Monitoring Services Market Projections by Service, Value (US$ Mn), 2017-2031

Figure 74: Middle East & Africa Oil Condition Monitoring Services Market, Incremental Opportunity, by Service, Value (US$ Mn ), 2022-2031

Figure 75: Middle East & Africa Oil Condition Monitoring Services Market Share Analysis, by Service, 2022 and 2031

Figure 76: Middle East & Africa Oil Condition Monitoring Services Market Projections by Fluid, Value (US$ Mn), 2017-2031

Figure 77: Middle East & Africa Oil Condition Monitoring Services Market, Incremental Opportunity, by Fluid, Value (US$ Mn), 2022-2031

Figure 78: Middle East & Africa Oil Condition Monitoring Services Market Share Analysis, by Fluid, 2022 and 2031

Figure 79: Middle East & Africa Oil Condition Monitoring Services Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 80: Middle East & Africa Oil Condition Monitoring Services Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 81: Middle East & Africa Oil Condition Monitoring Services Market Share Analysis, by Application, 2022 and 2031

Figure 82: Middle East & Africa Oil Condition Monitoring Services Market Projections by End-use Industry, Value (US$ Mn), 2017-2031

Figure 83: Middle East & Africa Oil Condition Monitoring Services Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022-2031

Figure 84: Middle East & Africa Oil Condition Monitoring Services Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 85: Middle East & Africa Oil Condition Monitoring Services Market Projections by Country and Sub-region, Value (US$ Mn), 2017-2031

Figure 86: Middle East & Africa Oil Condition Monitoring Services Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022-2031

Figure 87: Middle East & Africa Oil Condition Monitoring Services Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 88: South America Oil Condition Monitoring Services Market Size & Forecast, Value (US$ Mn), 2017-2031

Figure 89: South America Oil Condition Monitoring Services Market Overview, 2018-2031

Figure 90: South America Oil Condition Monitoring Services Market Projections by Service, Value (US$ Mn), 2017-2031

Figure 91: South America Oil Condition Monitoring Services Market, Incremental Opportunity, by Service, Value (US$ Mn ), 2022-2031

Figure 92: South America Oil Condition Monitoring Services Market Share Analysis, by Service, 2022 and 2031

Figure 93: South America Oil Condition Monitoring Services Market Projections by Fluid, Value (US$ Mn), 2017-2031

Figure 94: South America Oil Condition Monitoring Services Market, Incremental Opportunity, by Fluid, Value (US$ Mn), 2022-2031

Figure 95: South America Oil Condition Monitoring Services Market Share Analysis, by Fluid, 2022 and 2031

Figure 96: South America Oil Condition Monitoring Services Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 97: South America Oil Condition Monitoring Services Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 98: South America Oil Condition Monitoring Services Market Share Analysis, by Application, 2022 and 2031

Figure 99: South America Oil Condition Monitoring Services Market Projections by End-use Industry, Value (US$ Mn), 2017-2031

Figure 100: South America Oil Condition Monitoring Services Market, Incremental Opportunity, by End-use Industry, Value (US$ Mn), 2022-2031

Figure 101: South America Oil Condition Monitoring Services Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 102: South America Oil Condition Monitoring Services Market Projections by Country and Sub-region, Value (US$ Mn), 2017-2031

Figure 103: South America Oil Condition Monitoring Services Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Mn), 2022-2031

Figure 104: South America Oil Condition Monitoring Services Market Share Analysis, by Country and Sub-region, 2022 and 2031

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