Report Detail
Global Oil Condition Monitoring Market Growth 2019-2024
- RnM2906517 |
- 08 February, 2019 |
- Global |
- 134 Pages |
- LPI(LP Information) |
- Machinery & Equipment
Oil analysis provides a detailed view of what is happening within machine components during operation.
Factors such as growing demand for economical solutions, increasing need for time optimization, and rising demand for electricity that drives the need for continuous oil monitoring in turbines are fueling the market growth. Companies are persistently looking for different cost-effective ways to reduce the cost of oil condition monitoring. However, extra costs incurred in retrofitting existing systems are one of the key factors hampering the market growth.
On-site oil condition monitoring has assisted manufacturers to considerably enhance their productivity, efficiency, and profitability with regard to predictive maintenance. The off-site oil condition monitoring growth can be attributed to the higher adoption of traditional monitoring systems. It mainly consists of testing the oil samples at company-operated laboratories or third-party laboratories. Most of the oil condition monitoring firms is engaged in laboratory testing for better and in-detailed analysis of the sample.
Turbines have vital applications in verticals such as power, locomotive, and aerospace. The turbines used in these verticals work under very high pressure. The turbines are more prone to be broken at such a high pressure, owing to friction, which reduces the life of the system. To stay away from system breakdown, firms use high-quality oil as a lubricant in these turbines, thereby reducing the friction caused due to high pressure. Furthermore, there is a need for continuous monitoring of the oil quality to make sure the smooth operation of the system. There is a growing demand for energy in developing countries such as China, India, and Brazil, which would boost the need for oil condition monitoring services.
Some of the key players in the market include Bureau Veritas, Castrol Limited, Chevron Corporation, SGS, Intertek Group, Shell, Test Oil (Insight Services Inc) and Unimarine.
According to this study, over the next five years the Oil Condition Monitoring market will register a 9.5% CAGR in terms of revenue, the global market size will reach US$ 820 million by 2024, from US$ 470 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Condition Monitoring business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Oil Condition Monitoring market by product type, application, key manufacturers and key regions and countries.
This study considers the Oil Condition Monitoring value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
On-site
Off-site
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Transportation
Industrial
Oil & Gas
Energy & Power
Mining
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Bureau Veritas
SGS
Intertek Group
Shell
Chevron Corporation
Castrol Limited
Unimarine
Veritas Petroleum Services
Insight Services Inc
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Oil Condition Monitoring consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Oil Condition Monitoring market by identifying its various subsegments.
Focuses on the key global Oil Condition Monitoring manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Oil Condition Monitoring with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Oil Condition Monitoring submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Oil Condition Monitoring Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Oil Condition Monitoring Consumption 2014-2024
- 2.1.2 Oil Condition Monitoring Consumption CAGR by Region
- 2.2 Oil Condition Monitoring Segment by Type
- 2.2.1 On-site
- 2.2.2 Off-site
- 2.3 Oil Condition Monitoring Consumption by Type
- 2.3.1 Global Oil Condition Monitoring Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Oil Condition Monitoring Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Oil Condition Monitoring Sale Price by Type (2014-2019)
- 2.4 Oil Condition Monitoring Segment by Application
- 2.4.1 Transportation
- 2.4.2 Industrial
- 2.4.3 Oil & Gas
- 2.4.4 Energy & Power
- 2.4.5 Mining
- 2.5 Oil Condition Monitoring Consumption by Application
- 2.5.1 Global Oil Condition Monitoring Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Oil Condition Monitoring Value and Market Share by Application (2014-2019)
- 2.5.3 Global Oil Condition Monitoring Sale Price by Application (2014-2019)
3 Global Oil Condition Monitoring by Players
- 3.1 Global Oil Condition Monitoring Sales Market Share by Players
- 3.1.1 Global Oil Condition Monitoring Sales by Players (2017-2019)
- 3.1.2 Global Oil Condition Monitoring Sales Market Share by Players (2017-2019)
- 3.2 Global Oil Condition Monitoring Revenue Market Share by Players
- 3.2.1 Global Oil Condition Monitoring Revenue by Players (2017-2019)
- 3.2.2 Global Oil Condition Monitoring Revenue Market Share by Players (2017-2019)
- 3.3 Global Oil Condition Monitoring Sale Price by Players
- 3.4 Global Oil Condition Monitoring Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Oil Condition Monitoring Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Oil Condition Monitoring Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Oil Condition Monitoring by Regions
- 4.1 Oil Condition Monitoring by Regions
- 4.1.1 Global Oil Condition Monitoring Consumption by Regions
- 4.1.2 Global Oil Condition Monitoring Value by Regions
- 4.2 Americas Oil Condition Monitoring Consumption Growth
- 4.3 APAC Oil Condition Monitoring Consumption Growth
- 4.4 Europe Oil Condition Monitoring Consumption Growth
- 4.5 Middle East & Africa Oil Condition Monitoring Consumption Growth
5 Americas
- 5.1 Americas Oil Condition Monitoring Consumption by Countries
- 5.1.1 Americas Oil Condition Monitoring Consumption by Countries (2014-2019)
- 5.1.2 Americas Oil Condition Monitoring Value by Countries (2014-2019)
- 5.2 Americas Oil Condition Monitoring Consumption by Type
- 5.3 Americas Oil Condition Monitoring Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Oil Condition Monitoring Consumption by Countries
- 6.1.1 APAC Oil Condition Monitoring Consumption by Countries (2014-2019)
- 6.1.2 APAC Oil Condition Monitoring Value by Countries (2014-2019)
- 6.2 APAC Oil Condition Monitoring Consumption by Type
- 6.3 APAC Oil Condition Monitoring Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Oil Condition Monitoring by Countries
- 7.1.1 Europe Oil Condition Monitoring Consumption by Countries (2014-2019)
- 7.1.2 Europe Oil Condition Monitoring Value by Countries (2014-2019)
- 7.2 Europe Oil Condition Monitoring Consumption by Type
- 7.3 Europe Oil Condition Monitoring Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Oil Condition Monitoring by Countries
- 8.1.1 Middle East & Africa Oil Condition Monitoring Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Oil Condition Monitoring Value by Countries (2014-2019)
- 8.2 Middle East & Africa Oil Condition Monitoring Consumption by Type
- 8.3 Middle East & Africa Oil Condition Monitoring Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Oil Condition Monitoring Distributors
- 10.3 Oil Condition Monitoring Customer
11 Global Oil Condition Monitoring Market Forecast
- 11.1 Global Oil Condition Monitoring Consumption Forecast (2019-2024)
- 11.2 Global Oil Condition Monitoring Forecast by Regions
- 11.2.1 Global Oil Condition Monitoring Forecast by Regions (2019-2024)
- 11.2.2 Global Oil Condition Monitoring Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Oil Condition Monitoring Forecast by Type
- 11.8 Global Oil Condition Monitoring Forecast by Application
12 Key Players Analysis
- 12.1 Bureau Veritas
- 12.1.1 Company Details
- 12.1.2 Oil Condition Monitoring Product Offered
- 12.1.3 Bureau Veritas Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Bureau Veritas News
- 12.2 SGS
- 12.2.1 Company Details
- 12.2.2 Oil Condition Monitoring Product Offered
- 12.2.3 SGS Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 SGS News
- 12.3 Intertek Group
- 12.3.1 Company Details
- 12.3.2 Oil Condition Monitoring Product Offered
- 12.3.3 Intertek Group Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 Intertek Group News
- 12.4 Shell
- 12.4.1 Company Details
- 12.4.2 Oil Condition Monitoring Product Offered
- 12.4.3 Shell Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 Shell News
- 12.5 Chevron Corporation
- 12.5.1 Company Details
- 12.5.2 Oil Condition Monitoring Product Offered
- 12.5.3 Chevron Corporation Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Chevron Corporation News
- 12.6 Castrol Limited
- 12.6.1 Company Details
- 12.6.2 Oil Condition Monitoring Product Offered
- 12.6.3 Castrol Limited Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 Castrol Limited News
- 12.7 Unimarine
- 12.7.1 Company Details
- 12.7.2 Oil Condition Monitoring Product Offered
- 12.7.3 Unimarine Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 Unimarine News
- 12.8 Veritas Petroleum Services
- 12.8.1 Company Details
- 12.8.2 Oil Condition Monitoring Product Offered
- 12.8.3 Veritas Petroleum Services Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 Veritas Petroleum Services News
- 12.9 Insight Services Inc
- 12.9.1 Company Details
- 12.9.2 Oil Condition Monitoring Product Offered
- 12.9.3 Insight Services Inc Oil Condition Monitoring Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 Insight Services Inc News
13 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Oil Condition Monitoring . Industry analysis & Market Report on Oil Condition Monitoring is a syndicated market report, published as Global Oil Condition Monitoring Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Oil Condition Monitoring market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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