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IIoT Enables Real-time Data Analysis and Averts Risks of Machinery Failures

The Industrial Internet of Things (IIoT) and Industry 4.0 revolution are adding great value to the development of energy, automotive, and other industries. Condition-based monitoring that involves real-time sensing and predictive data is adding great value to the oil condition monitoring services landscape.

Oil acts as an intimate inner working material for various complex components in engines, turbines, and hydraulic systems. Since oil is exposed to these components, its acts as a common medium in assessing the condition of the machine as well as the oil itself, which can be analyzed for the prevention of future equipment failure.

With the help of IoT (Internet of Things), oil samples are analyzed in laboratories, and the machinery can be analyzed in real time using online sensors. Industrial IoT in the oil condition monitoring services landscape is leveraged with portable data collectors, and operators can further investigate data records that reveal the health and aberrant condition of components. This data can pass through modems or industrial gateways for analysis and storage.

oil condition monitoring services market infographic

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Stakeholders Provide Predictive Maintenance Programs for Lubricant Analysis

The oil condition monitoring services market is highly consolidated. Due to high competition in oil condition monitoring (OCM), market players are devising predictive maintenance programs that aid clients in avoiding the risks of machinery and engine failure. These specialized programs track changes in the lubricant to provide early warnings of any restraining problems that might affect machinery operation.

In the oil condition monitoring services landscape, lubricants undergo high pressure temperatures, water contamination, and corrosion, and are exposed to air-ingested particles. These adversities pose high risk of machinery malfunction. With the help of analytical results through predictive maintenance programs, stakeholders can provide early remedial actions to mitigate costly component and system failures.

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Market players are customizing online platforms that facilitate 24/7 online access for clients. These platforms directly send client-specific reports that provide data analytics and forecasts, review, and exporting of data. Stakeholders in the oil condition monitoring services landscape are also providing value-added services such as individual testing programs to run routine tests of lubrication oil and machinery.

Consultation through Performance Indicators Bridges Gap between Service Providers and Ship Operators

One of the challenges that market players in the oil condition monitoring services landscape come across is the demanding need for efficient oil and machinery condition monitoring services in ships. Since there is no standardization for ships, every ship is different, thereby requiring ship-specific data analysis. This creates an additional cost burden for operators in the marine industry to allocate separate funds for each ship, so as to acquire data related to any impeding condition of the lubrication oil and machinery.

Operators demand for the development of different analytic models for each vessel. Since condition monitoring plays an important role in the marine industry, stakeholders need to devise a robust mechanism to achieve the efficient reliability of components with a centralized monitoring facility. Thus, regular consultations between service providers in the oil condition monitoring services landscape and ship operators will help tackle the challenges of oil and machinery condition monitoring services in ships. This helps service providers in developing efficient condition monitoring plans that cater to the specific needs of operators.

oil condition monitoring services market segmentation

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Analysts’ Viewpoint

Authors of the oil condition monitoring services market research anticipate high growth during the forecast period. Stakeholders are developing condition monitoring platforms to assess diesel engine oil in public transportation. There is high demand for laboratory testing of lubrication oil and engine oil, and assessment of quality degradation in machinery. Market players in the oil condition monitoring services landscape are challenged by certain restraints. For example, in the marine industry, operators receive laboratory analysis reports when a ship has already set sail. This deprives operators of prior warnings, which causes damage to fuel systems. Thus, stakeholders need to focus more on developing real-time online platforms for the assessment of oil and machinery. Continuous predictive analysis can be achieved with the help of IIoT and proper consultation between service providers and clients.

  • According to Transparency Market Research’s latest research report on the global oil condition monitoring services market for the historical period of 2017–2018 and the forecast period of 2019–2027, the rising adoption of the predictive maintenance methodology for the maintenance and upkeep of machinery and equipment among industries is expected to boost the global oil condition monitoring services market during the forecast period.
  • In terms of revenue, the global oil condition monitoring services market is estimated to reach a value of ~US$  1.4 Bn by 2027, expanding at a CAGR of ~7% throughout the forecast period.

Rising Adoption of Predictive Maintenance Among Industries: A Key Driver

  • For a long time, factory managers and machine operators have been carrying out scheduled maintenance and regular checks of various components in machinery and equipment in order to ensure their health and smooth functioning. However, almost 50% of all preventive maintenance activities proved to be ineffective.
  • Over the last few years, the method of predictive maintenance has emerged, and has rapidly started gaining prominence among industry operators and asset managers. With the help of predictive maintenance, industries can evaluate the health of their assets and predict the time when a particular component or a system is likely to fail, and as such, needs replacement or repair.
  • Owing to advantages such as reduced maintenance time, increased equipment lifespan, enhanced efficiency, and risen productivity, a growing number of organizations have started resorting to predictive maintenance analytics from targeted solutions, which includes oil condition monitoring services.
  • Oil condition monitoring is a vital element of the predictive maintenance schedule of equipment, and it helps companies identify machine wear before it leads to any serious breakdown. With the rising price of crude oil and improvements in the quality of the lubricants, it is more important for industries to maximize the service life of the oil in use. Hence, oil condition monitoring services are increasingly being adopted.
  • Oil condition monitoring services also help in reducing unplanned downtime, increase the lifespan of equipment, and safely extend oil change intervals, which is a costly task. Thus, the growing adoption of predictive maintenance is likely to have a positive impact on the global oil condition monitoring services market during the forecast period.

Service Providers Forming Strategic Alliances

  • Oil condition monitoring is gaining importance in various industries, as it helps in extending the operational life of machinery and equipment, which results in reduced spending on the replacement of equipment.
  • The global oil condition monitoring services market is fragmented, with the presence of several service providers, especially in Europe. Moreover, with the increasing number of service providers, a broad portfolio of services has become vital to gain a competitive edge in the marketplace.
  • Therefore, key players offering oil condition monitoring services market are joining forces with peers as well as regional players in order to serve their customers in a better manner and gain a strong foothold as a provider of oil condition monitoring services.

Investments in Expansion of Facilities: Latest Trend among Key Market Players

  • Oil condition monitoring provides information about not only the condition of the oil being analyzed but also the condition of the equipment involved. It is important for companies to ensure that the service life of the oil being used and that of equipment involved is maximized.
  • Analysis of the lubricating oil, greases, and hydraulic fluids offers an accurate picture of the functioning inside power generators, gearboxes, compressors, hydraulic systems, and other critical machinery.
  • Various key players operating in the global oil condition monitoring services market are making significant investments in the expansion of their existing facilities and also opening new facilities. This move would help key players to cater to the needs of customers from various end-use industries, and expand their regional as well as global footprint.
  • Owing to all these advantages, the global oil condition monitoring services market is expected to expand as a significant pace in the next few years.

Global Oil Condition Monitoring Services Market: Competition Landscape

  • Detailed profiles of the providers of oil condition monitoring services have been mentioned in the report to evaluate their financials, key product offerings, recent developments, and strategies.
  • Various end-use industries are focusing on the use of different oil condition monitoring services, which include ferrography testing, lubricant and oil testing, and tribology testing, in order to increase the operational life of their machinery as well as the oil being used.
  • Key players operating in the global oil condition monitoring services market include 
    • Exxon Mobil Corporation
    • Intertek Group plc
    • SGS SA
    • Bureau Veritas
    • Veritas Petroleum Services

Global Oil Condition Monitoring Services Market: Key Developments

Key providers of oil condition monitoring services, such as Intertek Group plc, are strengthening their brand position by expanding their presence. This is evident from the below-mentioned example:

  • In June 2018, SGS SA opened a new testing facility in Coatzacoalcos, Mexico, for providing oil condition monitoring services. This new laboratory is expected to provide a range of oil condition monitoring services to various industries, including oil & gas, power generation, mining, and aviation, among others.

In the report on the global oil condition monitoring services market, we have discussed individual strategies, followed by company profiles of the providers of oil condition monitoring services. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and market share analysis of the key players operating in the global oil condition monitoring services market.

Oil Condition Monitoring Services Market – Scope of the Report

[194 Pages Report] TMR’s report on the global oil condition monitoring services market studies the past as well as current growth trends and opportunities in order to gain valuable insights into the market for the period of 2019 to 2027. The report provides overall revenue of the global oil condition monitoring services market for the 2017–2027 period, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compounded annual growth rate (CAGR) for the global oil condition monitoring services market for the 2019–2027 period.

The report has been prepared after extensive research. Primary research involves analysts having conducted interviews with market leaders and opinion makers. Extensive secondary research involves reaching out to key players’ product literature, annual reports, press releases, and relevant documents to understand the global oil condition monitoring services market.

Secondary research also includes Internet sources and statistical data from government agencies, websites, and trade associations. Analysts have employed a combination of the top-down and bottom-up approaches to study the various phenomena in the global oil condition monitoring services market.

The report includes an elaborate executive summary along with a snapshot of the various segments and sub-segments included in the scope of the oil condition monitoring services market study. Furthermore, the report throws light on the changing competition dynamics in the global oil condition monitoring services market. These indices serve as valuable tools for existing market players and for entities interested in entering the global oil condition monitoring services market.

The report delves into the competition landscape of the global oil condition monitoring services market. Key players operating in the global market have been identified, and each one of them has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players operating in the global oil condition monitoring services market, which have been profiled in this report.

Key Questions Answered in the Global Oil Condition Monitoring Services Market Report

  1. How are alliances and partnerships between players widening the scope for growth of the global oil condition monitoring services market?
  2. What are revenue share projections of key segments under various criteria in the global oil condition monitoring services market during the forecast period?
  3. Which segment is likely to generate a leading revenue in the oil condition monitoring services market by the end of the forecast period, i.e. 2027?
  4. How is evolving industrialization in developing countries of Asia Pacific making an impact on the global oil condition monitoring services market?

Global Oil Condition Monitoring Services Market – Research Objectives and Research Approach

The comprehensive report on the global oil condition monitoring services market begins with an overview of the market, followed by the scope and objectives of the research study. Following this, the report provides detailed explanation of the objectives of this study.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section being further divided into small sections. The entire report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global oil condition monitoring services market in terms of service, fluid, application, end-use industry, and region. Key segments under each criteria have been studied at length, and the market share of each of them by the end of 2027 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global oil condition monitoring services market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Global Oil Condition Monitoring Services 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

Region

North America

Europe

Asia Pacific

South America

Middle East & Africa

 

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Oil Condition Monitoring Services Market 

4. Market Overview

    4.1. Introduction

    4.2. Market Dynamics

        4.2.1. Drivers

        4.2.2. Restraints

        4.2.3. Opportunities

    4.3. Porter’s Five Force Analysis

    4.4. Value Chain Analysis: Global Oil Condition Monitoring Services Market

    4.5. Key Trends

    4.6. Market Outlook

5. Global Oil Condition Monitoring Services Market Analysis and Forecast, by Service

    5.1. Overview & Definitions

    5.2. Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027

        5.2.1. Lubricant and Oil Testing

        5.2.2. Grease Testing

        5.2.3. Cylinder Liner Monitoring

        5.2.4. Ferrography Testing

        5.2.5. Tribology Testing

    5.3. Global Oil Condition Monitoring Services Market Attractiveness, by Service

6. Global Oil Condition Monitoring Services Market Analysis and Forecast, by Fluid

    6.1. Overview & Definitions

    6.2. Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027

        6.2.1. Lubrication Oil

        6.2.2. Hydraulic Oil 

    6.3. Global Oil Condition Monitoring Services Market Attractiveness, by Fluid

7. Global Oil Condition Monitoring Services Market Analysis and Forecast, by Application

    7.1. Overview & Definitions

    7.2. Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027

        7.2.1. Engines

        7.2.2. Turbines

        7.2.3. Hydraulic Systems

        7.2.4. Compressors

        7.2.5. Others 

    7.3. Global Oil Condition Monitoring Services Market Attractiveness, by Application

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

    8.1. Overview & Definitions

    8.2. Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027

        8.2.1. Engines

        8.2.2. Turbines

        8.2.3. Hydraulic Systems

        8.2.4. Compressors

        8.2.5. Others 

    8.3. Global Oil Condition Monitoring Services Market Attractiveness, by End-use Industry

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

    9.1. Key Findings

    9.2. Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Region, 2017–2027

        9.2.1. North America

        9.2.2. Europe

        9.2.3. Asia Pacific

        9.2.4. Middle East & Africa

        9.2.5. South America

    9.3. Global Oil Condition Monitoring Services Market Attractiveness, by Region

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

    10.1. North America Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Service, 2017–2027

        10.1.1. Lubricant and Oil Testing

        10.1.2. Grease Testing

        10.1.3. Cylinder Liner Monitoring

        10.1.4. Ferrography Testing

        10.1.5. Tribology Testing

    10.2. North America Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027

        10.2.1. Lubrication Oil

        10.2.2. Hydraulic Oil 

    10.3. North America Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Application, 2017–2027

        10.3.1. Engines

        10.3.2. Turbines

        10.3.3. Hydraulic Systems

        10.3.4. Compressors

        10.3.5. Others

    10.4. North America Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027

        10.4.1. Automotive & Transportation

        10.4.2. Marine

        10.4.3. Energy & Utilities

        10.4.4. Industrial

        10.4.5. Others

    10.5. North America Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        10.5.1. U.S.

        10.5.2. Canada

        10.5.3. Rest of North America

11. Europe Oil Condition Monitoring Services Market Analysis and Forecast 

    11.1. Europe Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Service, 2017–2027

        11.1.1. Lubricant and Oil Testing

        11.1.2. Grease Testing

        11.1.3. Cylinder Liner Monitoring

        11.1.4. Ferrography Testing

        11.1.5. Tribology Testing

    11.2. Europe Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027

        11.2.1. Lubrication Oil

        11.2.2. Hydraulic Oil 

    11.3. Europe Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Application, 2017–2027

        11.3.1. Engines

        11.3.2. Turbines

        11.3.3. Hydraulic Systems

        11.3.4. Compressors

        11.3.5. Others

    11.4. Europe Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027

        11.4.1. Automotive & Transportation

        11.4.2. Marine

        11.4.3. Energy & Utilities

        11.4.4. Industrial

        11.4.5. Others

    11.5. Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        11.5.1. U.K.

        11.5.2. Germany

        11.5.3. France

        11.5.4. Rest of Europe

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

    12.1. Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Service, 2017–2027

        12.1.1. Lubricant and Oil Testing

        12.1.2. Grease Testing

        12.1.3. Cylinder Liner Monitoring

        12.1.4. Ferrography Testing

        12.1.5. Tribology Testing

    12.2. Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027

        12.2.1. Lubrication Oil

        12.2.2. Hydraulic Oil 

    12.3. Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Application, 2017–2027

        12.3.1. Engines

        12.3.2. Turbines

        12.3.3. Hydraulic Systems

        12.3.4. Compressors

        12.3.5. Others

    12.4. Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027

        12.4.1. Automotive & Transportation

        12.4.2. Marine

        12.4.3. Energy & Utilities

        12.4.4. Industrial

        12.4.5. Others

    12.5. Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        12.5.1. India

        12.5.2. Japan

        12.5.3. China

        12.5.4. Rest of Asia Pacific

13. Middle East & Africa (MEA) Oil Condition Monitoring Services Market Analysis and Forecast 

    13.1. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Service, 2017–2027

        13.1.1. Lubricant and Oil Testing

        13.1.2. Grease Testing

        13.1.3. Cylinder Liner Monitoring

        13.1.4. Ferrography Testing

        13.1.5. Tribology Testing

    13.2. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027

        13.2.1. Lubrication Oil

        13.2.2. Hydraulic Oil 

    13.3. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Application, 2017–2027

        13.3.1. Engines

        13.3.2. Turbines

        13.3.3. Hydraulic Systems

        13.3.4. Compressors

        13.3.5. Others

    13.4. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027

        13.4.1. Automotive & Transportation

        13.4.2. Marine

        13.4.3. Energy & Utilities

        13.4.4. Industrial

        13.4.5. Others

    13.5. Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        13.5.1. GCC 

        13.5.2. South Africa

        13.5.3. Rest of Middle East & Africa

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

    14.1. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Service, 2017–2027

        14.1.1. Lubricant and Oil Testing

        14.1.2. Grease Testing

        14.1.3. Cylinder Liner Monitoring

        14.1.4. Ferrography Testing

        14.1.5. Tribology Testing

    14.2. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027

        14.2.1. Lubrication Oil

        14.2.2. Hydraulic Oil 

    14.3. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by Application, 2017–2027

        14.3.1. Engines

        14.3.2. Turbines

        14.3.3. Hydraulic Systems

        14.3.4. Compressors

        14.3.5. Others

    14.4. Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis and Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027

        14.4.1. Automotive & Transportation

        14.4.2. Marine

        14.4.3. Energy & Utilities

        14.4.4. Industrial

        14.4.5. Others

    14.5. South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        14.5.1. Brazil

        14.5.2. Rest of South America

15. Competition Landscape

    15.1. Market Players – Competition Matrix

    15.2. Global Oil Condition Monitoring Services Market Share Analysis, by Company (2018) 

    15.3. Company Profiles (Details – Overview, Financials, Recent Developments, SWOT, Strategy)

        15.3.1. Exxon Mobil Corporation 

            15.3.1.1. Market Presence, by Segment

            15.3.1.2. Strategy

            15.3.1.3. Revenue and Operating Profits

            15.3.1.4. SWOT Analysis

        15.3.2. Intertek Group plc 

            15.3.2.1. Market Presence, by Segment

            15.3.2.2. Strategy

            15.3.2.3. Revenue and Operating Profits

            15.3.2.4. SWOT Analysis

        15.3.3. SGS SA

            15.3.3.1. Market Presence, by Segment

            15.3.3.2. Strategy

            15.3.3.3. Revenue and Operating Profits

            15.3.3.4. SWOT Analysis

        15.3.4. Bereau Veritas

            15.3.4.1. Market Presence, by Segment

            15.3.4.2. Strategy

            15.3.4.3. Revenue and Operating Profits

            15.3.4.4. SWOT Analysis

        15.3.5. Veritas Petroleum Services

            15.3.5.1. Market Presence, by Segment

            15.3.5.2. Strategy

            15.3.5.3. Revenue and Operating Profits

            15.3.5.4. SWOT Analysis

        15.3.6. SYNLAB Group 

            15.3.6.1. Market Presence, by Segment

            15.3.6.2. Strategy

            15.3.6.3. Revenue and Operating Profits

            15.3.6.4. SWOT Analysis

        15.3.7. Royal Dutch Shell plc 

            15.3.7.1. Market Presence, by Segment

            15.3.7.2. Strategy

            15.3.7.3. Revenue and Operating Profits

            15.3.7.4. SWOT Analysis

        15.3.8. INSIGHT SERVICES, INC 

            15.3.8.1. Market Presence, by Segment

            15.3.8.2. Strategy

            15.3.8.3. Revenue and Operating Profits

            15.3.8.4. SWOT Analysis

16. Key Takeaways

List of Tables

Table 01: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027
Table 02: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027
Table 03: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027
Table 04: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027
Table 05: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Region, 2017–2027
Table 06: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027
Table 07: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027
Table 08: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027
Table 09: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027
Table 10: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 11: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027
Table 12: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027
Table 13: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027
Table 14: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027
Table 15: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 16: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027
Table 17: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027
Table 18: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027
Table 19: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027
Table 20: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 21: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027
Table 22: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027
Table 23: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027
Table 24: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027
Table 25: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 26: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Service, 2017–2027
Table 27: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Fluid, 2017–2027
Table 28: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Application, 2017–2027
Table 29: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by End-use Industry, 2017–2027
Table 30: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

List of Figures

Figure 01: Global Oil Conditioning Monitoring Services Market Overview (2018)
Figure 02: Global Oil Conditioning Monitoring Services Market, Regional Share (2018)
Figure 03: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Forecast, 2017–2027
Figure 04: Global Oil Condition Monitoring Services Market Size Y-o-Y Growth Projection, 2018–2027
Figure 05: Global Oil Condition Monitoring Services Market Value Share Analysis, by Service, 2019 and 2027
Figure 06: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Service, 2019–2027
Figure 07: Global Oil Condition Monitoring Services Market Attractiveness Analysis, by Service
Figure 08: Global Oil Condition Monitoring Services Market Value Share Analysis, by Fluid, 2019 and 2027
Figure 09: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Fluid, 2019–2027
Figure 10: Global Oil Condition Monitoring Services Market Attractiveness Analysis, by Fluid
Figure 11: Global Oil Condition Monitoring Services Market Value Share Analysis, by Application, 2019 and 2027
Figure 12: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Application, 2019–2027
Figure 13: Global Oil Condition Monitoring Services Market Attractiveness Analysis, by Application
Figure 14: Global Oil Condition Monitoring Services Market Value Share Analysis, by End-use Industry, 2019 and 2027
Figure 15: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by End-use Industry, 2019–2027
Figure 16: Global Oil Condition Monitoring Services Market Attractiveness Analysis, by End-use Industry
Figure 17: Global Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Region, 2019–2027
Figure 18: Global Oil Condition Monitoring Services Market Attractiveness Analysis, by Region
Figure 19: Key Findings: North America Oil Condition Monitoring Services Market Overview
Figure 20: North America Oil Condition Monitoring Services Market Revenue (US$ Mn), 2019–2027
Figure 21: North America Oil Condition Monitoring Services Market Attractiveness Analysis, by Service
Figure 22: North America Oil Condition Monitoring Services Market Revenue Share Analysis, by Service
Figure 23: North America Oil Condition Monitoring Services Market Attractiveness Analysis, by Fluid
Figure 24: North America Oil Condition Monitoring Services Market Revenue Share Analysis, by Fluid
Figure 25: North America Oil Condition Monitoring Services Market Attractiveness Analysis, by Application
Figure 26: North America Oil Condition Monitoring Services Market Revenue Share Analysis, by Application
Figure 27: North America Oil Condition Monitoring Services Market Attractiveness Analysis, by End-use Industry
Figure 28: North America Oil Condition Monitoring Services Market Revenue Share Analysis, by End-use Industry
Figure 29: North America Oil Condition Monitoring Services Market Attractiveness Analysis, by Country/Sub-region
Figure 30: North America Oil Condition Monitoring Services Market Revenue Share Analysis, by Country/Sub-region
Figure 31: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Service, 2019–2027
Figure 32: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Fluid, 2019–2027
Figure 33: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Application, 2019–2027
Figure 34: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by End-use Industry, 2019–2027
Figure 35: North America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Country/Sub-region, 2019–2027
Figure 36: Key Findings: Europe Oil Condition Monitoring Services Market Overview
Figure 37: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn), 2019–2027
Figure 38: Europe Oil Condition Monitoring Services Market Attractiveness Analysis, by Service
Figure 39: Europe Oil Condition Monitoring Services Market Revenue Share Analysis, by Service
Figure 40: Europe Oil Condition Monitoring Services Market Attractiveness Analysis, by Fluid
Figure 41: Europe Oil Condition Monitoring Services Market Revenue Share Analysis, by Fluid
Figure 42: Europe Oil Condition Monitoring Services Market Attractiveness Analysis, by Application
Figure 43: Europe Oil Condition Monitoring Services Market Revenue Share Analysis, by Application
Figure 44: Europe Oil Condition Monitoring Services Market Attractiveness Analysis, by End-use Industry
Figure 45: Europe Oil Condition Monitoring Services Market Revenue Share Analysis, by End-use Industry
Figure 46: Europe Oil Condition Monitoring Services Market Attractiveness Analysis, by Country/Sub-region
Figure 47: Europe Oil Condition Monitoring Services Market Revenue Share Analysis, by Country/Sub-region
Figure 48: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Service, 2019–2027
Figure 49: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Fluid, 2019–2027
Figure 50: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Application, 2019–2027
Figure 51: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by End-use Industry, 2019–2027
Figure 52: Europe Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Country/Sub-region, 2019–2027
Figure 53: Key Findings: Asia Pacific Oil Condition Monitoring Services Market Overview
Figure 54: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn), 2019–2027
Figure 55: Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis, by Service
Figure 56: Asia Pacific Oil Condition Monitoring Services Market Revenue Share Analysis, by Service
Figure 57: Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis, by Fluid
Figure 58: Asia Pacific Oil Condition Monitoring Services Market Revenue Share Analysis, by Fluid
Figure 59: Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis, by Application
Figure 60: Asia Pacific Oil Condition Monitoring Services Market Revenue Share Analysis, by Application
Figure 61: Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis, by End-use Industry
Figure 62: Asia Pacific Oil Condition Monitoring Services Market Revenue Share Analysis, by End-use Industry
Figure 63: Asia Pacific Oil Condition Monitoring Services Market Attractiveness Analysis, by Country/Sub-region
Figure 64: Asia Pacific Oil Condition Monitoring Services Market Revenue Share Analysis, by Country/Sub-region
Figure 65: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Service, 2019–2027
Figure 66: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Fluid, 2019–2027
Figure 67: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Application, 2019–2027
Figure 68: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by End-use Industry, 2019–2027
Figure 69: Asia Pacific Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Country/Sub-region, 2019–2027
Figure 70: Key Findings: Middle East & Africa Oil Condition Monitoring Services Market Overview
Figure 71: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn), 2019–2027
Figure 72: Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis, by Service
Figure 73: Middle East & Africa Oil Condition Monitoring Services Market Revenue Share Analysis, by Service
Figure 74: Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis, by Fluid
Figure 75: Middle East & Africa Oil Condition Monitoring Services Market Revenue Share Analysis, by Fluid
Figure 76: Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis, by Application
Figure 77: Middle East & Africa Oil Condition Monitoring Services Market Revenue Share Analysis, by Application
Figure 78: Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis, by End-use Industry
Figure 79: Middle East & Africa Oil Condition Monitoring Services Market Revenue Share Analysis, by End-use Industry
Figure 80: Middle East & Africa Oil Condition Monitoring Services Market Attractiveness Analysis, by Country/Sub-region
Figure 81: Middle East & Africa Oil Condition Monitoring Services Market Revenue Share Analysis, by Country/Sub-region
Figure 82: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Service, 2019–2027
Figure 83: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Fluid, 2019–2027
Figure 84: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Application, 2019–2027
Figure 85: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by End-use Industry, 2019–2027
Figure 86: Middle East & Africa Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Country/Sub-region, 2019–2027
Figure 87: Key Findings: South America Oil Condition Monitoring Services Market Overview
Figure 88: South America Oil Condition Monitoring Services Market Revenue (US$ Mn), 2019–2027
Figure 89: South America Oil Condition Monitoring Services Market Attractiveness Analysis, by Service
Figure 90: South America Oil Condition Monitoring Services Market Revenue Share Analysis, by Service
Figure 91: South America Oil Condition Monitoring Services Market Attractiveness Analysis, by Fluid
Figure 92: South America Oil Condition Monitoring Services Market Revenue Share Analysis, by Fluid
Figure 93: South America Oil Condition Monitoring Services Market Attractiveness Analysis, by Application
Figure 94: South America Oil Condition Monitoring Services Market Revenue Share Analysis, by Application
Figure 95: South America Oil Condition Monitoring Services Market Attractiveness Analysis, by End-use Industry
Figure 96: South America Oil Condition Monitoring Services Market Revenue Share Analysis, by End-use Industry
Figure 97: South America Oil Condition Monitoring Services Market Attractiveness Analysis, by Country/Sub-region
Figure 98: South America Oil Condition Monitoring Services Market Revenue Share Analysis, by Country/Sub-region
Figure 99: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Service, 2019-2027
Figure 100: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Fluid, 2019-2027
Figure 101: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Application, 2019-2027
Figure 102: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by End-use Industry, 2019-2027
Figure 103: South America Oil Condition Monitoring Services Market Revenue (US$ Mn) Growth Analysis, by Country/Sub-region, 2019-2027
Figure 104: Global Oil Condition Monitoring Services Market Share Analysis, by Company (2018)

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Oil Condition Monitoring Market