Oil Condition Monitoring Market – Global Forecast To 2030
오일 상태 모니터링 시장 – 제공 제품(오일 분석기, 오일 센서, 분광계, 점도계), 오일 샘플링 유형(온사이트, 오프사이트), 최종 용도(터빈, 압축기, 엔진, 유압 시스템, 기어박스, 변압기) – 2030년까지 세계 예측
Oil Condition Monitoring Market by Offering (Oil Analyzers, Oil Sensors, Spectrometers, Viscometers), Oil Sampling Type (On-Site, Off-Site), End Use (Turbines, Compressors, Engines, Hydraulic Systems, Gearboxes, Transformers) – Global Forecast to 2030
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년8월 |
| 페이지 수 | 235 |
| 도표 수 | 261 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
본 보고서에서는 오일 상태 모니터링 시장을 제품, 최종 용도, 산업 및 지역별로 세분화했습니다. 제품 부문에는 하드웨어, 소프트웨어 및 서비스가 포함됩니다. 최종 용도 부문은 터빈, 압축기, 엔진, 유압 시스템 및 기타 시스템(기어 시스템, 산업용 공구 시스템, 변압기)으로 분류됩니다. 산업별로는 자동차 및 운송, 에너지 및 전력, 석유 및 가스, 금속 및 광업, 식음료, 제약, 화학, 기타(펄프, 제지 및 시멘트)로 세분화됩니다. 지역 분석은 북미, 유럽, 아시아 태평양 및 기타 지역(RoW)을 포함합니다.
본 보고서는 이 시장의 선두주자/신규 진입자들에게 전체 시장 및 하위 세그먼트의 매출 수치에 대한 가장 근사치 정보를 제공하는 데 도움이 될 것입니다. 또한 이해관계자들이 경쟁 환경을 이해하고, 사업의 입지를 강화하고 적절한 시장 진출 전략을 수립하는 데 필요한 통찰력을 얻는 데에도 도움이 될 것입니다. 또한, 본 보고서는 이해관계자들이 오일 상태 모니터링 시장의 동향을 이해하고 주요 시장 동인, 제약, 과제 및 기회에 대한 정보를 제공합니다.
연평균 성장률(CAGR) 7.0%로 전 세계 오일 상태 모니터링 시장은 2025년 12억 7천만 달러에서 2030년 17억 8천만 달러로 성장할 것으로 예상됩니다. 자동차 및 운송 부문은 여전히 주요 성장 동력으로, 엔진, 터빈, 압축기 및 유압 시스템에 OCM 솔루션 도입이 증가하고 있습니다. OCM 솔루션은 적시 유지보수를 지원하고 가동 중단 시간을 줄이며 장비 성능을 최적화합니다. 이동성 외에도 석유 및 가스, 산업 제조, 발전 부문에서도 도입이 증가하고 있으며, 이러한 부문에서는 운영 효율성, 비용 절감 및 장비 수명 연장에 오일 품질의 지속적인 모니터링이 필수적입니다. 하드웨어, 소프트웨어 및 서비스를 포함한 오일 상태 모니터링 솔루션은 실시간 진단, 원격 모니터링 및 데이터 기반 유지보수 의사 결정을 위해 구축되고 있습니다. 센서 기술, 분석 도구 및 예측 소프트웨어의 발전은 측정 정확도를 높이고 디지털 유지보수 시스템과 원활하게 통합되며 유지보수 팀에 실행 가능한 통찰력을 제공합니다. 산업계에서 자동화, 안정성, 비용 효율적인 운영을 우선시하는 경향이 커지면서 다양한 응용 분야와 산업 분야에서 견고한 오일 상태 모니터링 솔루션에 대한 수요가 꾸준히 증가할 것으로 예상됩니다.
With a CAGR of 7.0%, the global oil condition monitoring market is projected to grow from USD 1.27 billion in 2025 to USD 1.78 billion by 2030. The automotive and transportation sector remains a key growth driver, with OCM solutions increasingly adopted in engines, turbines, compressors, and hydraulic systems to enable timely maintenance, reduce downtime, and optimize equipment performance. Beyond mobility, adoption is rising across the oil and gas, industrial manufacturing, and power generation sectors, where continuous monitoring of oil quality is critical for operational efficiency, cost reduction, and equipment longevity. Oil condition monitoring solutions, including hardware, software, and services, are being deployed for real-time diagnostics, remote monitoring, and data-driven maintenance decisions. Advances in sensor technology, analytical tools, and predictive software are enhancing measurement accuracy, integrating seamlessly with digital maintenance systems, and providing actionable insights for maintenance teams. As industries increasingly prioritize automation, reliability, and cost-efficient operations, the demand for robust oil condition monitoring solutions is expected to grow steadily across diverse applications and industries.
” Rise of Predictive Analytics to Drive Growth of Software in the Oil Condition Monitoring Market.”
The software segment in the oil condition monitoring market is set to grow at the highest CAGR during the forecast period, driven by the rising adoption of data-driven maintenance and predictive analytics across industries. These solutions enable real-time monitoring, diagnostics, and reporting of key oil parameters, allowing timely maintenance actions that reduce downtime and extend equipment life. Integration with IoT-enabled sensors, cloud platforms, and AI-based analytics enhances measurement accuracy, supports remote monitoring, and optimizes maintenance schedules. Continuous advancements in predictive software, growing focus on condition-based maintenance, and increasing digitalization are fueling adoption. As industries prioritize reliability, efficiency, and cost optimization, the software segment is emerging as a key growth driver within the oil condition monitoring market ecosystem.
” Rising Focus on Reliability and Efficiency to Propel Energy & Power Industry Segment Growth.”
The energy & power industry segment is expected to grow at a significant CAGR during the forecast period, driven by the increasing focus on operational reliability and efficiency. Oil condition monitoring solutions in this segment enable operators to anticipate equipment issues, optimize maintenance schedules, and improve overall system performance, ensuring uninterrupted power generation. Integration with digital monitoring platforms and IoT-enabled sensors provides real-time insights, supports proactive decision-making, and reduces unplanned downtime. Growing investments in power infrastructure modernization, smart grid deployment, and renewable energy integration are further accelerating adoption. As industries continue to prioritize resilience, efficiency, and cost management, the energy & power segment is emerging as a key growth driver within the broader oil condition monitoring market.
” North America Leads the Oil Condition Monitoring Market with Strong Technological Adoption”
North America is expected to dominate the oil condition monitoring (OCM) market during the forecast period, supported by the region’s advanced industrial infrastructure, high adoption of predictive maintenance practices, and strong presence of key market players. Industries such as oil and gas, automotive, aerospace, and manufacturing are increasingly leveraging OCM solutions to optimize asset performance, reduce downtime, and enhance operational safety. The region’s strong focus on integrating advanced technologies such as IoT, AI, and cloud-based analytics into maintenance operations further drives market growth. Additionally, stringent regulations on equipment safety and environmental compliance encourage industries to adopt proactive monitoring systems. Continuous investments in R&D, coupled with the rapid digital transformation of industrial processes, position North America as a leading market for OCM solutions.
Breakdown of primaries
A variety of executives from key organizations operating in the oil condition monitoring market, including CEOs, marketing directors, and innovation and technology directors, were interviewed in depth.
- By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
- By Designation: Directors – 45%, C-level – 30%, and Others – 25%
- By Region: Asia Pacific – 45%, North America – 25%, Europe – 20%, and RoW – 10%
Note: Other designations include sales and product managers. The three tiers of the companies are defined based on their total revenue in 2024: Tier 1 – revenue greater than or equal to USD 1 billion; Tier 2 – revenue between USD 500 million and USD 1 billion; and Tier 3 revenue less than or equal to USD 500 million.
Major players profiled in this report are as follows: Parker Hannifin Corp (US), Eaton (Ireland), GE Vernova (US), ifm electronic gmbh (Germany), TE Connectivity (Ireland), Schaeffler AG (Germany), Shell (UK), TotalEnergies (France), Chevron Corporation (US), Intertek Group plc (UK), Bureau Veritas (France), Everllence (Germany), Unimarine (Singapore), HYDAC International GmbH (Germany), Tan Delta Systems PLC (UK), SPECTRO Analytical Instruments GmbH (Germany), Avenisense (France), Micromen Technologies Inc. (Canada), Gill Sensors & Controls Limited (UK), Poseidon Systems, LLC (US), CM Technologies GmbH (Germany), Des-Case (US), Minimac Systems Pvt Ltd (India), eralytics GmbH (Austria), and Bühler Technologies GmbH (Germany). These leading companies possess a wide portfolio of products, establishing a prominent presence in established as well as emerging markets.
The study provides a detailed competitive analysis of these key players in the oil condition monitoring market, presenting their company profiles, most recent developments, and key market strategies.
Research Coverage
In this report, the oil condition monitoring market has been segmented based on offering, end use, industry, and region. The offering segment includes hardware, software, and services. The end use segment is categorized into turbines, compressors, engines, hydraulic systems, and other systems (gear systems, industrial tooling systems, transformers). Based on industry, the market is segmented into automotive & transportation, energy & power, oil & gas, metal & mining, food & beverages, pharmaceutical, chemical, and others (pulp, paper & cement). The regional analysis covers North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Reasons to buy the report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the oil condition monitoring market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Key Benefits of Buying the Report
Analysis of key drivers (surging demand for cost-effective solutions for maintaining health of machinery, Increasing awareness regarding importance of oil condition monitoring among industries, growing focus on reducing maintenance costs, increasing use of synthetic and specialized lubricants), restraints (expenses incurred in retrofitting existing systems, lack of skilled technical resources for data analysis, data security concerns in connected monitoring systems), opportunities (growing demand for energy, increasing adoption of big data analytics and IIoT, integration of AI-powered diagnostics for real-time insights), and challenges (adaptation to harsh operating environments, offline oil sampling limitations) influencing the growth of the oil condition monitoring market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the oil condition monitoring market.
- Market Development: Comprehensive information about lucrative markets – the report analyzes the oil condition monitoring market across varied regions.
- Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the oil condition monitoring market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Parker Hannifin Corp (US), Eaton (Ireland), ifm electronic gmbh (Germany), TE Connectivity (Ireland), Schaeffler AG (Germany), and others.
Table of Contents
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKET SEGMENTATION 25
1.3.2 INCLUSIONS AND EXCLUSIONS 25
1.4 YEARS CONSIDERED 26
1.5 CURRENCY CONSIDERED 26
1.6 LIMITATIONS 26
1.7 STAKEHOLDERS 27
1.8 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 RESEARCH APPROACH 29
2.1.2 SECONDARY DATA 29
2.1.2.1 Major secondary sources 30
2.1.2.2 Key data from secondary sources 30
2.1.3 PRIMARY DATA 30
2.1.3.1 Primary interviews with experts 31
2.1.3.2 Key data from primary sources 31
2.1.3.3 Key industry insights 32
2.1.3.4 Breakdown of primaries 32
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM-UP APPROACH 33
2.2.1.1 Steps for estimating market size by bottom-up approach (demand side) 33
2.2.2 TOP-DOWN APPROACH 34
2.2.2.1 Steps for estimating market size by top-down approach (supply side) 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 36
2.4 RESEARCH ASSUMPTIONS 37
2.5 RISK ASSESSMENT 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 41
4.1 ASIA PACIFIC TO CREATE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN OIL CONDITION MONITORING MARKET 41
4.2 OIL CONDITION MONITORING MARKET, BY OFFERING 42
4.3 OIL CONDITION MONITORING MARKET, BY END USE 42
4.4 OIL CONDITION MONITORING MARKET, BY INDUSTRY 43
4.5 OIL CONDITION MONITORING MARKET, BY REGION 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 45
5.2.1.1 Increasing requirement for cost-efficient strategies to maintain equipment health 45
5.2.1.2 Growing awareness regarding value of oil condition monitoring 45
5.2.1.3 Increasing attention toward lowering maintenance costs 45
5.2.1.4 Increasing use of synthetic and specialized lubricants 46
5.2.2 RESTRAINTS 46
5.2.2.1 Rising expenses for modernizing current systems 46
5.2.2.2 Deficit of expertise in managing data analysis and software systems 46
5.2.2.3 Data security concerns in connected monitoring systems 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 Rising demand for energy with predictive maintenance solutions 47
5.2.3.2 Adoption of big data analytics and IIoT 47
5.2.3.3 Integration of AI-powered diagnostics for real-time insights 48
5.2.4 CHALLENGES 48
5.2.4.1 Adaptation to harsh operating environments 48
5.2.4.2 Offline oil sampling limitations 48
5.3 VALUE CHAIN ANALYSIS 49
5.4 PRICING ANALYSIS 50
5.4.1 INDICATIVE PRICING OF OIL QUALITY SENSORS AND TESTING KITS, BY KEY PLAYER 50
5.4.2 AVERAGE SELLING PRICE OF OIL QUALITY SENSORS 51
5.4.3 AVERAGE SELLING PRICE OF OIL QUALITY SENSORS, BY REGION 52
5.5 PORTER’S FIVE FORCES ANALYSIS 53
5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
5.7 ECOSYSTEM ANALYSIS 56
5.8 CASE STUDY ANALYSIS 57
5.8.1 AUSTRIAN PAPER MILL ADOPTED ERALYTICS’ OIL CONDITION MONITORING SYSTEM TO REDUCE DOWNTIME AND IMPROVE LUBRICATION 57
5.8.2 EUROPEAN FARM OPERATOR ADOPTED INTERTEK’S SEM/EDS TO IDENTIFY FAILURE INDICATORS AND PREVENT FUTURE BREAKDOWNS 57
5.8.3 INTERTEK CALEB BRETT ENHANCED PARTICLE CHARACTERISATION WITH SEM/EDS FOR VARIOUS INDUSTRIAL CLIENTS 58
5.9 TECHNOLOGY ANALYSIS 58
5.9.1 KEY TECHNOLOGIES 58
5.9.1.1 Wear debris analysis 58
5.9.1.2 Spectroscopic oil analysis 58
5.9.1.3 Moisture and particle counters 58
5.9.2 COMPLEMENTARY TECHNOLOGIES 59
5.9.2.1 IoT-enabled sensors 59
5.9.2.2 Cloud computing 59
5.9.3 ADJACENT TECHNOLOGIES 59
5.9.3.1 Vibration monitoring systems 59
5.9.3.2 Infrared thermography 59
5.10 TRADE ANALYSIS 60
5.10.1 IMPORT SCENARIO (HS CODE 903190) 60
5.10.2 EXPORT SCENARIO (HS CODE 903190) 61
5.11 PATENT ANALYSIS 62
5.12 REGULATORY LANDSCAPE 65
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO OIL CONDITION MONITORING MARKET 65
5.12.2 MAJOR STANDARDS RELATED TO OIL CONDITION MONITORING MARKET 66
5.13 IMPACT OF AI ON OIL CONDITION MONITORING MARKET 67
5.13.1 INTRODUCTION 67
5.13.2 IMPACT OF AI ON KEY INDUSTRIES IN OIL CONDITION MONITORING MARKET 67
5.13.2.1 Automotive & transportation 67
5.13.2.2 Energy & power 67
5.13.3 FUTURE OF AI IN OIL CONDITION MONITORING ECOSYSTEM 68
5.14 US 2025 TARIFF 68
5.14.1 INTRODUCTION 68
5.14.2 KEY TARIFF RATES 69
5.14.3 PRICE IMPACT ANALYSIS 70
5.14.4 IMPACT ON COUNTRY 70
5.14.4.1 US 70
5.14.4.2 Europe 71
5.14.4.3 Asia Pacific 71
5.14.5 IMPACT ON KEY END-USE INDUSTRIES 72
6 PARAMETERS FOR MEASURING OIL CONDITION 73
6.1 INTRODUCTION 73
6.2 TEMPERATURE 73
6.3 PRESSURE 73
6.4 DENSITY 74
6.5 VISCOSITY 74
6.6 DIELECTRIC 74
6.7 TAN/TBN 74
6.8 FUEL DILUTION 75
6.9 WATER DILUTION 75
6.10 SOOT 75
6.11 WEAR PARTICLES 75
7 KEY SENSORS USED FOR OIL CONDITION MONITORING 76
7.1 INTRODUCTION 76
7.2 OIL QUALITY SENSORS 76
7.3 WEAR DEBRIS SENSORS/METALLIC PARTICLE SENSORS 76
7.4 VISCOSITY/DENSITY SENSORS 77
7.5 WATER-IN-OIL SENSORS 77
8 MAJOR TECHNIQUES USED FOR OIL CONDITION MONITORING 78
8.1 INTRODUCTION 78
8.2 FERROGRAPHY 78
8.3 ON-LINE ACOUSTIC VISCOMETRY IN OIL CONDITION MONITORING 78
8.4 INDUCTIVELY COUPLED PLASMA – OPTICAL EMISSION SPECTROSCOPY (ICP-OES) 78
8.5 FOURIER TRANSFORM INFRARED (FTIR) SPECTROSCOPY 78
8.6 DIELECTRIC STRENGTH TEST 79
8.7 POTENTIOMETRIC TITRATION 79
9 SAMPLING TYPES IMPLEMENTED FOR OIL CONDITION MONITORING 80
9.1 INTRODUCTION 80
9.2 ON-SITE 80
9.2.1 PORTABLE KITS 80
9.2.1.1 Expanding use of portable test kits to enable flexibility and rapid troubleshooting in critical operations 80
9.2.2 FIXED CONTINUOUS MONITORING 81
9.2.2.1 Rising adoption of fixed continuous monitoring to support digital transformation and proactive asset management 81
9.3 OFF-SITE 81
9.3.1 RELIANCE ON LABORATORY ACCURACY AND COMPREHENSIVE ANALYSIS TO SUSTAIN DEMAND FOR OFF-SITE SAMPLING 81
10 OIL CONDITION MONITORING MARKET, BY OFFERING 82
10.1 INTRODUCTION 83
10.2 HARDWARE 84
10.2.1 ACCELERATED DEPLOYMENT OF SMART SENSORS AND PORTABLE ANALYZERS TO DRIVE MARKET 84
10.3 SOFTWARE 86
10.3.1 RISING INTEGRATION OF AI AND CLOUD-BASED ANALYTICS TO REDEFINE OIL CONDITION MONITORING SOFTWARE LANDSCAPE 86
10.4 SERVICES 87
10.4.1 DEMAND FOR COMPREHENSIVE TESTING AND MAINTENANCE SERVICES TO STRENGTHEN GROWTH 87
11 OIL CONDITION MONITORING MARKET, BY END USE 89
11.1 INTRODUCTION 90
11.2 TURBINES 91
11.2.1 NEED FOR PREDICTIVE MAINTENANCE AND ASSET RELIABILITY TO DRIVE ADOPTION OF OIL CONDITION MONITORING IN TURBINES 91
11.3 COMPRESSORS 92
11.3.1 FOCUS ON OPERATIONAL EFFICIENCY AND ENERGY OPTIMIZATION TO ACCELERATE ADOPTION OF COMPRESSOR OIL CONDITION MONITORING SOLUTIONS 92
11.4 ENGINES 92
11.4.1 EMPHASIS ON ENHANCED PERFORMANCE AND REDUCED MAINTENANCE COSTS TO DRIVE NEED FOR OIL CONDITION MONITORING FOR ENGINES 92
11.5 HYDRAULIC SYSTEMS 93
11.5.1 FOCUS ON SYSTEM RELIABILITY AND MAINTENANCE EFFICIENCY TO DRIVE NEED FOR OIL CONDITION MONITORING IN HYDRAULIC SYSTEMS 93
11.6 OTHER SYSTEMS 93
12 OIL CONDITION MONITORING MARKET, BY INDUSTRY 94
12.1 INTRODUCTION 95
12.2 AUTOMOTIVE & TRANSPORTATION 97
12.2.1 RISING DEMAND FOR PREDICTIVE MAINTENANCE IN VEHICLES AND FLEETS TO BOOST DEMAND 97
12.3 OIL & GAS 101
12.3.1 OIL CONDITION MONITORING TO ENHANCE EQUIPMENT RELIABILITY IN EXPLORATION AND REFINING 101
12.4 ENERGY & POWER 104
12.4.1 RISING DEMAND FOR PREDICTIVE MAINTENANCE IN POWER INFRASTRUCTURE TO DRIVE ADOPTION OF OIL CONDITION MONITORING SOLUTIONS 104
12.5 METAL & MINING 108
12.5.1 INCREASING ADOPTION OF OIL CONDITION MONITORING SYSTEMS TO ENHANCE HEAVY MACHINERY RELIABILITY 108
12.6 FOOD & BEVERAGES 112
12.6.1 GROWING ADOPTION OF OIL CONDITION MONITORING SOLUTIONS TO SAFEGUARD HYGIENE AND EQUIPMENT RELIABILITY 112
12.7 PHARMACEUTICALS 115
12.7.1 FOCUS ON MAINTAINING PRODUCTION CONSISTENCY AND STERILITY WITH OIL CONDITION MONITORING TO DRIVE MARKET 115
12.8 CHEMICALS 119
12.8.1 NEED FOR IMPROVING SAFETY AND PROCESS RELIABILITY TO BOOST GROWTH 119
12.9 OTHER INDUSTRIES 123
13 OIL CONDITION MONITORING MARKET, BY REGION 127
13.1 INTRODUCTION 128
13.2 NORTH AMERICA 129
13.2.1 US 132
13.2.1.1 Industrial digitalization and government support to propel growth 132
13.2.2 CANADA 133
13.2.2.1 Need for modernization of energy sector to boost market 133
13.2.3 MEXICO 135
13.2.3.1 Rapid industrial growth and infrastructure development to drive market 135
13.3 EUROPE 136
13.3.1 GERMANY 139
13.3.1.1 Advancements in manufacturing and automotive sectors to drive market 139
13.3.2 UK 141
13.3.2.1 Focus on energy transition and offshore industries to spur demand 141
13.3.3 FRANCE 142
13.3.3.1 Strong growth in aerospace and automotive sectors to boost growth 142
13.3.4 ITALY 144
13.3.4.1 Expanding industrial manufacturing and marine sectors to spur market growth 144
13.3.5 SPAIN 145
13.3.5.1 Wind energy expansion and industrial diversification to propel market 145
13.3.6 REST OF EUROPE 147
13.4 ASIA PACIFIC 148
13.4.1 CHINA 151
13.4.1.1 Expanding industrial base and manufacturing leadership to strengthen adoption of oil condition monitoring solutions 151
13.4.2 JAPAN 153
13.4.2.1 Focus on maintaining robust automotive base to drive market growth 153
13.4.3 INDIA 154
13.4.3.1 Industrial expansion, energy transformation, and growth of oil & gas to accelerate market 154
13.4.4 SOUTH KOREA 155
13.4.4.1 Growth in automotive fleets, heavy industries, and marine operations to boost demand 155
13.4.5 REST OF ASIA PACIFIC 156
13.5 ROW 158
13.5.1 SOUTH AMERICA 160
13.5.1.1 Rapid industrial expansion and energy sector modernization to propel market 160
13.5.2 MIDDLE EAST 161
13.5.2.1 Emphasis on predictive maintenance to accelerate need for oil condition monitoring 161
13.5.2.2 GCC countries 162
13.5.2.2.1 Dominance of oil & gas sector and rapid industrial modernization to fuel market 162
13.5.2.3 Rest of Middle East 162
13.5.3 AFRICA 162
13.5.3.1 Increase in mining, energy, and infrastructure projects to propel growth 162
14 COMPETITIVE LANDSCAPE 164
14.1 OVERVIEW 164
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 164
14.3 MARKET SHARE ANALYSIS, 2024 166
14.4 REVENUE ANALYSIS OF KEY COMPANIES, 2020–2024 168
14.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 168
14.5.1 STARS 168
14.5.2 EMERGING LEADERS 169
14.5.3 PERVASIVE PLAYERS 169
14.5.4 PARTICIPANTS 169
14.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 171
14.5.5.1 Company footprint 171
14.5.5.2 Offering footprint 172
14.5.5.3 Industry footprint 173
14.5.5.4 Region footprint 174
14.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 175
14.6.1 PROGRESSIVE COMPANIES 175
14.6.2 RESPONSIVE COMPANIES 175
14.6.3 DYNAMIC COMPANIES 175
14.6.4 STARTING BLOCKS 175
14.7 COMPETITIVE SCENARIO 176
14.7.1 PRODUCT LAUNCHES 176
14.7.2 DEALS 177
15 COMPANY PROFILES 178
15.1 KEY PLAYERS 178
15.1.1 PARKER HANNIFIN CORP 178
15.1.1.1 Business overview 178
15.1.1.2 Products/Solutions/Services offered 179
15.1.1.3 Recent developments 180
15.1.1.3.1 Product launches 180
15.1.1.3.2 Deals 181
15.1.1.4 MnM view 181
15.1.1.4.1 Key strengths/Right to win 181
15.1.1.4.2 Strategic choices 181
15.1.1.4.3 Weaknesses and competitive threats 181
15.1.2 SCHAEFFLER AG 182
15.1.2.1 Business overview 182
15.1.2.2 Products/Solutions/Services offered 184
15.1.2.3 MnM view 184
15.1.2.3.1 Key strengths/Right to win 184
15.1.2.3.2 Strategic choices 184
15.1.2.3.3 Weaknesses and competitive threats 184
15.1.3 IFM ELECTRONIC GMBH 185
15.1.3.1 Business overview 185
15.1.3.2 Products/Solutions/Services offered 185
15.1.3.3 MnM view 186
15.1.3.3.1 Key strengths/Right to win 186
15.1.3.3.2 Strategic choices 186
15.1.3.3.3 Weaknesses and competitive threats 186
15.1.4 TE CONNECTIVITY 187
15.1.4.1 Business overview 187
15.1.4.2 Products/Solutions/Services offered 188
15.1.4.3 MnM view 189
15.1.4.3.1 Key strengths/Right to win 189
15.1.4.3.2 Strategic choices 189
15.1.4.3.3 Weaknesses and competitive threats 189
15.1.5 EATON 190
15.1.5.1 Business overview 190
15.1.5.2 Products/Solutions/Services offered 191
15.1.5.3 Recent developments 192
15.1.5.3.1 Product launches 192
15.1.5.4 MnM view 192
15.1.5.4.1 Key strengths/Right to win 192
15.1.5.4.2 Strategic choices 193
15.1.5.4.3 Weaknesses and competitive threats 193
15.1.6 SHELL 194
15.1.6.1 Business overview 194
15.1.6.2 Products/Solutions/Services offered 195
15.1.6.3 Recent developments 196
15.1.6.3.1 Deals 196
15.1.7 GE VERNOVA 197
15.1.7.1 Business overview 197
15.1.7.2 Products/Solutions/Services offered 198
15.1.8 CHEVRON CORPORATION 200
15.1.8.1 Business overview 200
15.1.8.2 Products/Solutions/Services offered 201
15.1.9 INTERTEK GROUP PLC 203
15.1.9.1 Business overview 203
15.1.9.2 Products/Solutions/Services offered 204
15.1.9.3 Recent developments 207
15.1.9.3.1 Deals 207
15.1.10 BUREAU VERITAS 208
15.1.10.1 Business overview 208
15.1.10.2 Products/Solutions/Services offered 209
15.1.11 TOTALENERGIES 211
15.1.11.1 Business overview 211
15.1.11.2 Products/Solutions/Services offered 212
15.1.11.3 Recent developments 213
15.1.11.3.1 Deals 213
15.2 OTHER KEY PLAYERS 214
15.2.1 EVERLLENCE 214
15.2.2 UNIMARINE 215
15.2.3 HYDAC INTERNATIONAL GMBH 216
15.2.4 TAN DELTA SYSTEMS PLC 217
15.2.5 VERITAS PETROLEUM SERVICES 218
15.2.6 SPECTRO ANALYTICAL INSTRUMENTS GMBH 219
15.2.7 AVENISENSE 220
15.2.8 MICROMEN TECHNOLOGIES INC. 221
15.2.9 GILL SENSORS & CONTROLS LIMITED 222
15.2.10 POSEIDON SYSTEMS, LLC 223
15.2.11 CM TECHNOLOGIES GMBH 224
15.2.12 ERALYTICS 225
15.2.13 DES-CASE 226
15.2.14 BÜHLER TECHNOLOGIES GMBH 227
15.2.15 MINIMAC SYSTEMS PVT LTD 228
16 APPENDIX 229
16.1 DISCUSSION GUIDE 229
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 231
16.3 CUSTOMIZATION OPTIONS 233
16.4 RELATED REPORTS 233
16.5 AUTHOR DETAILS 234
LIST OF TABLES
TABLE 1 RESEARCH ASSUMPTIONS 37
TABLE 2 INDICATIVE PRICING OF OIL QUALITY SENSORS, BY KEY PLAYER,
2021–2024 (USD) 50
TABLE 3 AVERAGE PRICE OF INTERTEK’S OIL TESTING KITS, 2025 (USD) 51
TABLE 4 AVERAGE SELLING PRICE OF OIL QUALITY SENSORS, 2021–2024 (USD) 52
TABLE 5 AVERAGE SELLING PRICE OF OIL QUALITY SENSORS, BY REGION,
2021–2024 (USD) 53
TABLE 6 IMPACT OF PORTER’S FORCES ON OIL CONDITION MONITORING MARKET 53
TABLE 7 ROLE OF PLAYERS IN ECOSYSTEM 56
TABLE 8 IMPORT DATA FOR HS CODE 903190-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 60
TABLE 9 EXPORT DATA FOR HS CODE 903190-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 61
TABLE 10 OIL CONDITION MONITORING MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2021–2024 63
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 15 OIL CONDITION MONITORING STANDARDS 66
TABLE 16 RECIPROCAL TARIFF RATES ADJUSTED BY US 69
TABLE 17 OIL CONDITION MONITORING MARKET, BY OFFERING, 2021–2024 (USD MILLION) 84
TABLE 18 OIL CONDITION MONITORING MARKET, BY OFFERING, 2025–2030 (USD MILLION) 84
TABLE 19 HARDWARE: OIL CONDITION MONITORING MARKET, BY REGION,
2021–2024 (USD MILLION) 85
TABLE 20 HARDWARE: OIL CONDITION MONITORING MARKET, BY REGION,
2025–2030 (USD MILLION) 85
TABLE 21 SOFTWARE: OIL CONDITION MONITORING MARKET, BY REGION,
2021–2024 (USD MILLION) 86
TABLE 22 SOFTWARE: OIL CONDITION MONITORING MARKET, BY REGION,
2025–2030 (USD MILLION) 87
TABLE 23 SERVICES: OIL CONDITION MONITORING MARKET, BY REGION,
2021–2024 (USD MILLION) 87
TABLE 24 SERVICES: OIL CONDITION MONITORING MARKET, BY REGION,
2025–2030 (USD MILLION) 88
TABLE 25 OIL CONDITION MONITORING MARKET, BY END USE, 2021–2024 (USD MILLION) 91
TABLE 26 OIL CONDITION MONITORING MARKET, BY END USE, 2025–2030 (USD MILLION) 91
TABLE 27 OIL CONDITION MONITORING MARKET, BY INDUSTRY, 2021–2024 (USD MILLION) 96
TABLE 28 OIL CONDITION MONITORING MARKET, BY INDUSTRY, 2025–2030 (USD MILLION) 96
TABLE 29 OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY REGION, 2021–2024 (USD MILLION) 97
TABLE 30 OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY REGION, 2025–2030 (USD MILLION) 98
TABLE 31 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2021–2024 (USD MILLION) 98
TABLE 32 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2025–2030 (USD MILLION) 98
TABLE 33 EUROPE: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2021–2024 (USD MILLION) 99
TABLE 34 EUROPE: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2025–2030 (USD MILLION) 99
TABLE 35 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2021–2024 (USD MILLION) 99
TABLE 36 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2025–2030 (USD MILLION) 100
TABLE 37 ROW: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2021–2024 (USD MILLION) 100
TABLE 38 ROW: OIL CONDITION MONITORING MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2025–2030 (USD MILLION) 100
TABLE 39 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION,
2021–2024 (USD MILLION) 101
TABLE 40 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION,
2025–2030 (USD MILLION) 101
TABLE 41 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR OIL & GAS,
BY COUNTRY, 2021–2024 (USD MILLION) 102
TABLE 42 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR OIL & GAS,
BY COUNTRY, 2025–2030 (USD MILLION) 102
TABLE 43 EUROPE: OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY COUNTRY, 2021–2024 (USD MILLION) 102
TABLE 44 EUROPE: OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY COUNTRY, 2025–2030 (USD MILLION) 103
TABLE 45 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY COUNTRY, 2021–2024 (USD MILLION) 103
TABLE 46 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY COUNTRY, 2025–2030 (USD MILLION) 103
TABLE 47 ROW: OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION,
2021–2024 (USD MILLION) 104
TABLE 48 ROW: OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION,
2025–2030 (USD MILLION) 104
TABLE 49 OIL CONDITION MONITORING MARKET FOR ENERGY & POWER, BY REGION, 2021–2024 (USD MILLION) 105
TABLE 50 OIL CONDITION MONITORING MARKET FOR ENERGY & POWER, BY REGION, 2025–2030 (USD MILLION) 105
TABLE 51 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER, BY COUNTRY, 2021–2024 (USD MILLION) 105
TABLE 52 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER, BY COUNTRY, 2025–2030 (USD MILLION) 106
TABLE 53 EUROPE: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER,
BY COUNTRY, 2021–2024 (USD MILLION) 106
TABLE 54 EUROPE: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER,
BY COUNTRY, 2025–2030 (USD MILLION) 106
TABLE 55 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER,
BY COUNTRY, 2021–2024 (USD MILLION) 107
TABLE 56 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER,
BY COUNTRY, 2025–2030 (USD MILLION) 107
TABLE 57 ROW: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER, BY REGION, 2021–2024 (USD MILLION) 107
TABLE 58 ROW: OIL CONDITION MONITORING MARKET FOR ENERGY & POWER, BY REGION, 2025–2030 (USD MILLION) 108
TABLE 59 OIL CONDITION MONITORING MARKET FOR METAL & MINING, BY REGION,
2021–2024 (USD MILLION) 108
TABLE 60 OIL CONDITION MONITORING MARKET FOR METAL & MINING, BY REGION,
2025–2030 (USD MILLION) 109
TABLE 61 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR METAL & MINING, BY COUNTRY, 2021–2024 (USD MILLION) 109
TABLE 62 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR METAL & MINING, BY COUNTRY, 2025–2030 (USD MILLION) 109
TABLE 63 EUROPE: OIL CONDITION MONITORING MARKET FOR METAL & MINING,
BY COUNTRY, 2021–2024 (USD MILLION) 110
TABLE 64 EUROPE: OIL CONDITION MONITORING MARKET FOR METAL & MINING,
BY COUNTRY, 2025–2030 (USD MILLION) 110
TABLE 65 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR METAL & MINING,
BY COUNTRY, 2021–2024 (USD MILLION) 110
TABLE 66 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR METAL & MINING,
BY COUNTRY, 2025–2030 (USD MILLION) 111
TABLE 67 ROW: OIL CONDITION MONITORING MARKET FOR METAL & MINING, BY REGION, 2021–2024 (USD MILLION) 111
TABLE 68 ROW: OIL CONDITION MONITORING MARKET FOR METAL & MINING, BY REGION, 2025–2030 (USD MILLION) 111
TABLE 69 OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES, BY REGION, 2021–2024 (USD MILLION) 112
TABLE 70 OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES, BY REGION, 2025–2030 (USD MILLION) 112
TABLE 71 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES, BY COUNTRY, 2021–2024 (USD MILLION) 113
TABLE 72 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES, BY COUNTRY, 2025–2030 (USD MILLION) 113
TABLE 73 EUROPE: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES,
BY COUNTRY, 2021–2024 (USD MILLION) 113
TABLE 74 EUROPE: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES,
BY COUNTRY, 2025–2030 (USD MILLION) 114
TABLE 75 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES,
BY COUNTRY, 2021–2024 (USD MILLION) 114
TABLE 76 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES,
BY COUNTRY, 2025–2030 (USD MILLION) 114
TABLE 77 ROW: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES,
BY REGION, 2021–2024 (USD MILLION) 115
TABLE 78 ROW: OIL CONDITION MONITORING MARKET FOR FOOD & BEVERAGES,
BY REGION, 2025–2030 (USD MILLION) 115
TABLE 79 OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS, BY REGION, 2021–2024 (USD MILLION) 116
TABLE 80 OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS, BY REGION, 2025–2030 (USD MILLION) 116
TABLE 81 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS, BY COUNTRY, 2021–2024 (USD MILLION) 116
TABLE 82 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS, BY COUNTRY, 2025–2030 (USD MILLION) 117
TABLE 83 EUROPE: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS,
BY COUNTRY, 2021–2024 (USD MILLION) 117
TABLE 84 EUROPE: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS,
BY COUNTRY, 2025–2030 (USD MILLION) 117
TABLE 85 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS,
BY COUNTRY, 2021–2024 (USD MILLION) 118
TABLE 86 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS,
BY COUNTRY, 2025–2030 (USD MILLION) 118
TABLE 87 ROW: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS, BY REGION, 2021–2024 (USD MILLION) 118
TABLE 88 ROW: OIL CONDITION MONITORING MARKET FOR PHARMACEUTICALS, BY REGION, 2025–2030 (USD MILLION) 119
TABLE 89 OIL CONDITION MONITORING MARKET FOR CHEMICALS, BY REGION,
2021–2024 (USD MILLION) 119
TABLE 90 OIL CONDITION MONITORING MARKET FOR CHEMICALS, BY REGION,
2025–2030 (USD MILLION) 120
TABLE 91 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR CHEMICALS,
BY COUNTRY, 2021–2024 (USD MILLION) 120
TABLE 92 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR CHEMICALS,
BY COUNTRY, 2025–2030 (USD MILLION) 120
TABLE 93 EUROPE: OIL CONDITION MONITORING MARKET FOR CHEMICALS, BY COUNTRY, 2021–2024 (USD MILLION) 121
TABLE 94 EUROPE: OIL CONDITION MONITORING MARKET FOR CHEMICALS, BY COUNTRY, 2025–2030 (USD MILLION) 121
TABLE 95 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR CHEMICALS,
BY COUNTRY, 2021–2024 (USD MILLION) 121
TABLE 96 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR CHEMICALS,
BY COUNTRY, 2025–2030 (USD MILLION) 122
TABLE 97 ROW: OIL CONDITION MONITORING MARKET FOR CHEMICALS, BY REGION,
2021–2024 (USD MILLION) 122
TABLE 98 ROW: OIL CONDITION MONITORING MARKET FOR CHEMICALS, BY REGION,
2025–2030 (USD MILLION) 122
TABLE 99 OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2024 (USD MILLION) 123
TABLE 100 OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2025–2030 (USD MILLION) 123
TABLE 101 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY COUNTRY, 2021–2024 (USD MILLION) 124
TABLE 102 NORTH AMERICA: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY COUNTRY, 2025–2030 (USD MILLION) 124
TABLE 103 EUROPE: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES,
BY COUNTRY, 2021–2024 (USD MILLION) 124
TABLE 104 EUROPE: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES,
BY COUNTRY, 2025–2030 (USD MILLION) 125
TABLE 105 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES,
BY COUNTRY, 2021–2024 (USD MILLION) 125
TABLE 106 ASIA PACIFIC: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES,
BY COUNTRY, 2025–2030 (USD MILLION) 125
TABLE 107 ROW: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2024 (USD MILLION) 126
TABLE 108 ROW: OIL CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2025–2030 (USD MILLION) 126
TABLE 109 OIL CONDITION MONITORING MARKET, BY REGION, 2021–2024 (USD MILLION) 129
TABLE 110 OIL CONDITION MONITORING MARKET, BY REGION, 2025–2030 (USD MILLION) 129
TABLE 111 NORTH AMERICA: OIL CONDITION MONITORING MARKET, BY OFFERING
2021–2024 (USD MILLION) 130
TABLE 112 NORTH AMERICA: OIL CONDITION MONITORING MARKET, BY OFFERING,
2025–2030 (USD MILLION) 130
TABLE 113 NORTH AMERICA: OIL CONDITION MONITORING MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 131
TABLE 114 NORTH AMERICA: OIL CONDITION MONITORING MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 131
TABLE 115 NORTH AMERICA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 131
TABLE 116 NORTH AMERICA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 132
TABLE 117 US: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 133
TABLE 118 US: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 133
TABLE 119 CANADA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 134
TABLE 120 CANADA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 134
TABLE 121 MEXICO: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 135
TABLE 122 MEXICO: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 136
TABLE 123 EUROPE: OIL CONDITION MONITORING MARKET, BY OFFERING,
2021–2024 (USD MILLION) 137
TABLE 124 EUROPE: OIL CONDITION MONITORING MARKET, BY OFFERING,
2025–2030 (USD MILLION) 137
TABLE 125 EUROPE: OIL CONDITION MONITORING MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 138
TABLE 126 EUROPE: OIL CONDITION MONITORING MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 138
TABLE 127 EUROPE: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 139
TABLE 128 EUROPE: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 139
TABLE 129 GERMANY: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 140
TABLE 130 GERMANY: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 140
TABLE 131 UK: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 141
TABLE 132 UK: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 142
TABLE 133 FRANCE: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 143
TABLE 134 FRANCE: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 143
TABLE 135 ITALY: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 144
TABLE 136 ITALY: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 145
TABLE 137 SPAIN: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 146
TABLE 138 SPAIN: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 146
TABLE 139 REST OF EUROPE: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 147
TABLE 140 REST OF EUROPE: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 148
TABLE 141 ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY OFFERING,
2021–2024 (USD MILLION) 149
TABLE 142 ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY OFFERING,
2025–2030 (USD MILLION) 149
TABLE 143 ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 150
TABLE 144 ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 150
TABLE 145 ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 151
TABLE 146 ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 151
TABLE 147 CHINA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 152
TABLE 148 CHINA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 152
TABLE 149 JAPAN: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 153
TABLE 150 JAPAN: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 153
TABLE 151 INDIA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 154
TABLE 152 INDIA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 155
TABLE 153 SOUTH KOREA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 156
TABLE 154 SOUTH KOREA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 156
TABLE 155 REST OF ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY INDUSTRY, 2021–2024 (USD MILLION) 157
TABLE 156 REST OF ASIA PACIFIC: OIL CONDITION MONITORING MARKET, BY INDUSTRY, 2025–2030 (USD MILLION) 157
TABLE 157 ROW: OIL CONDITION MONITORING MARKET, BY OFFERING,
2021–2024 (USD MILLION) 158
TABLE 158 ROW: OIL CONDITION MONITORING MARKET, BY OFFERING,
2025–2030 (USD MILLION) 158
TABLE 159 ROW: OIL CONDITION MONITORING MARKET, BY REGION,
2021–2024 (USD MILLION) 158
TABLE 160 ROW: OIL CONDITION MONITORING MARKET, BY REGION,
2025–2030 (USD MILLION) 159
TABLE 161 ROW: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 159
TABLE 162 ROW: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 159
TABLE 163 SOUTH AMERICA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 160
TABLE 164 SOUTH AMERICA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 160
TABLE 165 MIDDLE EAST: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 161
TABLE 166 MIDDLE EAST: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 161
TABLE 167 MIDDLE EAST: OIL CONDITION MONITORING MARKET, BY REGION,
2021–2024 (USD MILLION) 162
TABLE 168 MIDDLE EAST: OIL CONDITION MONITORING MARKET, BY REGION,
2025–2030 (USD MILLION) 162
TABLE 169 AFRICA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2021–2024 (USD MILLION) 163
TABLE 170 AFRICA: OIL CONDITION MONITORING MARKET, BY INDUSTRY,
2025–2030 (USD MILLION) 163
TABLE 171 OVERVIEW OF STRATEGIES ADOPTED BY KEY OIL CONDITION MONITORING PRODUCT MANUFACTURERS 164
TABLE 172 MARKET SHARE OF KEY FIVE PLAYERS, 2024 166
TABLE 173 OIL CONDITION MONITORING MARKET: OFFERING FOOTPRINT 172
TABLE 174 OIL CONDITION MONITORING MARKET: INDUSTRY FOOTPRINT 173
TABLE 175 OIL CONDITION MONITORING MARKET: REGION FOOTPRINT 174
TABLE 176 OIL CONDITION MONITORING MARKET: PRODUCT LAUNCHES,
JUNE 2021–JUNE 2024 177
TABLE 177 OIL CONDITION MONITORING MARKET: DEALS, JUNE 2021–JUNE 2024 177
TABLE 178 PARKER HANNIFIN CORP: COMPANY OVERVIEW 178
TABLE 179 PARKER HANNIFIN CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 180 PARKER HANNIFIN CORP: PRODUCT LAUNCHES 180
TABLE 181 PARKER HANNIFIN CORP: DEALS 181
TABLE 182 SCHAEFFLER AG: COMPANY OVERVIEW 182
TABLE 183 SCHAEFFLER AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
TABLE 184 IFM ELECTRONIC GMBH: COMPANY OVERVIEW 185
TABLE 185 IFM ELECTRONIC GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 186 TE CONNECTIVITY: COMPANY OVERVIEW 187
TABLE 187 TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
TABLE 188 EATON: COMPANY OVERVIEW 190
TABLE 189 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
TABLE 190 EATON: PRODUCT LAUNCHES 192
TABLE 191 SHELL: COMPANY OVERVIEW 194
TABLE 192 SHELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 193 SHELL: DEALS 196
TABLE 194 GE VERNOVA: COMPANY OVERVIEW 197
TABLE 195 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 196 CHEVRON CORPORATION: COMPANY OVERVIEW 200
TABLE 197 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201
TABLE 198 INTERTEK GROUP PLC: COMPANY OVERVIEW 203
TABLE 199 INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204
TABLE 200 INTERTEK GROUP PLC: DEALS 207
TABLE 201 BUREAU VERITAS: COMPANY OVERVIEW 208
TABLE 202 BUREAU VERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 203 TOTALENERGIES: COMPANY OVERVIEW 211
TABLE 204 TOTALENERGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212
LIST OF FIGURES
FIGURE 1 OIL CONDITION MONITORING MARKET: RESEARCH DESIGN 28
FIGURE 2 RESEARCH FLOW 33
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 34
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 35
FIGURE 5 MARKET SIZE ESTIMATION THROUGH SUPPLY-SIDE ANALYSIS 35
FIGURE 6 DATA TRIANGULATION 36
FIGURE 7 SOFTWARE SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD 38
FIGURE 8 ENGINES SEGMENT TO LEAD MARKET BY 2030 39
FIGURE 9 AUTOMOTIVE & TRANSPORTATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 39
FIGURE 10 ASIA PACIFIC TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD 40
FIGURE 11 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN OIL CONDITION MONITORING MARKET 41
FIGURE 12 HARDWARE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 13 ENGINES SEGMENT TO ACCOUNT FOR LARGEST MARKET BY 2030 42
FIGURE 14 ENERGY & POWER SEGMENT TO REGISTER HIGHEST GROWTH BY 2030 43
FIGURE 15 INDIA TO EXHIBIT HIGHEST GROWTH FROM 2025 TO 2030 43
FIGURE 16 OIL CONDITION MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 44
FIGURE 17 MARKET DRIVERS: IMPACT ANALYSIS 46
FIGURE 18 MARKET RESTRAINTS: IMPACT ANALYSIS 47
FIGURE 19 MARKET OPPORTUNITIES: IMPACT ANALYSIS 48
FIGURE 20 MARKET CHALLENGES: IMPACT ANALYSIS 49
FIGURE 21 OIL CONDITION MONITORING MARKET: VALUE CHAIN ANALYSIS 49
FIGURE 22 AVERAGE SELLING PRICE OF OIL QUALITY SENSORS, 2021–2024 (USD) 51
FIGURE 23 AVERAGE SELLING PRICE OF OIL QUALITY SENSORS, BY REGION,
2021–2024 (USD) 52
FIGURE 24 OIL CONDITION MONITORING MARKET: PORTER’S FIVE FORCES ANALYSIS 54
FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS OPERATING IN OIL CONDITION MONITORING MARKET 55
FIGURE 26 ECOSYSTEM MAP 56
FIGURE 27 IMPORT DATA FOR HS CODE 903190-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION) 60
FIGURE 28 EXPORT DATA FOR HS CODE 903190-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION) 61
FIGURE 29 PATENTS APPLIED AND GRANTED, 2015–2024 62
FIGURE 30 INTEGRATION OF AI WITH OIL CONDITION MONITORING MARKET: USE CASES 68
FIGURE 31 PARAMETERS FOR MEASURING OIL CONDITION 73
FIGURE 32 OIL CONDITION MONITORING MARKET, BY OFFERING 83
FIGURE 33 SOFTWARE SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 83
FIGURE 34 OIL CONDITION MONITORING MARKET, BY END USE 90
FIGURE 35 TURBINES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 90
FIGURE 36 OIL CONDITION MONITORING MARKET, BY INDUSTRY 95
FIGURE 37 AUTOMOTIVE & TRANSPORTATION SEGMENT TO LEAD MARKET BY 2030 95
FIGURE 38 INDIA TO GROW AT HIGHEST CAGR FROM 2025 TO 2030 128
FIGURE 39 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 128
FIGURE 40 NORTH AMERICA: OIL CONDITION MONITORING MARKET SNAPSHOT 130
FIGURE 41 EUROPE: OIL CONDITION MONITORING MARKET SNAPSHOT 137
FIGURE 42 ASIA PACIFIC: OIL CONDITION MONITORING MARKET SNAPSHOT 149
FIGURE 43 MARKET SHARE ANALYSIS, 2024 166
FIGURE 44 OIL CONDITION MONITORING MARKET: REVENUE ANALYSIS OF FOUR KEY PLAYERS, 2020–2024 (USD BILLION) 168
FIGURE 45 OIL CONDITION MONITORING MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 170
FIGURE 46 OIL CONDITION MONITORING MARKET: COMPANY FOOTPRINT 171
FIGURE 47 OIL CONDITION MONITORING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 176
FIGURE 48 PARKER HANNIFIN CORP: COMPANY SNAPSHOT 179
FIGURE 49 SCHAEFFLER AG: COMPANY SNAPSHOT 183
FIGURE 50 TE CONNECTIVITY: COMPANY SNAPSHOT 188
FIGURE 51 EATON: COMPANY SNAPSHOT 191
FIGURE 52 SHELL: COMPANY SNAPSHOT 195
FIGURE 53 GE VERNOVA: COMPANY SNAPSHOT 198
FIGURE 54 CHEVRON CORPORATION: COMPANY SNAPSHOT 201
FIGURE 55 INTERTEK GROUP PLC: COMPANY SNAPSHOT 204
FIGURE 56 BUREAU VERITAS: COMPANY SNAPSHOT 209
FIGURE 57 TOTALENERGIES: COMPANY SNAPSHOT 212
