Online Oil Condition Monitoring Market, By Product Type (Gear Systems, Hydraulic Systems, Turbines, Engines, and Others (Compressors)), By System Component (Software and Hardware (Oil Quality Sensor, Wear Debris Sensor, Moisture Content Sensor, Online Particle Detector/Oil, Contamination Monitoring, Density and Viscosity Measurement Instrument and Others (Acoustic Emission Sensor, etc.)), By Measurement Type (Pressure, Temperature, Total Acid Number (TAN), Total Base Number (TBN), Water Dilution, Fuel Dilution, Density and Viscosity, and Others (Soot, Dielectric, etc.)), By End-use Industry (Oil and Gas, Power Generation, Mining, Transportation, and Others (Industrial, etc.)), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
Online oil condition monitoring mainly consists of two types of component hardware and software. hardware that mainly consists of various sensors such as temperature sensors, pressure sensors, oil quality sensors, wear debris sensors, and others. Whereas, software helps communicate the data between sensors and users. The demand for sophisticated software, such as software equipped with machine learning, artificial intelligence, and others, is expected increase during the forecast period.Market Dynamics:
The global online oil condition monitoring market is expected to grow significantly during the forecast period.
In online oil condition monitoring systems, sensors play a vital role in collecting real-time data of oil parameters by monitoring the condition of oil. There are various types of sensors used in online oil condition monitoring to monitor different characteristics of oil, which includes water-in-oil sensors, moisture sensors, vibration sensors, temperature sensors, and wear debris sensors.
Instrument AB, a provider of condition monitoring technology and products, launched Airius, a range of wireless vibration sensors for the remote monitoring of industrial equipment. Airius sensors have a compact design, with an energy-saving communication protocol. Using the well-established and stable Wi-Fi data transfer technology, Airius is an easy-to-implement solution that works well within existing IT environments.
Key features of the study:
- This report provides an in-depth analysis of the global online oil condition monitoring market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global online oil condition monitoring market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- The companies covered as a part of this study include Shell, Intertek Group plc., Bureau Veritas SA, SKF, SGS, SPECTRO Analytical Instruments GmbH, General Electric, SPM Instrument, Condition Monitoring Technologies (CMT), Parker Hannifin Corp, David Brown Santasalo, Eaton Corporation, and Poseidon Systems, LLC
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global online oil condition monitoring market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global online oil condition monitoring market
- Global Online Oil Condition Monitoring Market, By Product Type:
- Gear Systems
- Hydraulic Systems
- Turbines
- Engines
- Others
- Global Online Oil Condition Monitoring Market, By System Component:
- Software
- Hardware
Wear Debris Sensor
Moisture Content Sensor
- Global Online Oil Condition Monitoring Market, By Measurement Type:
- Pressure
- Temperature
- Total Acid Number (TAN)
- Total Base Number (TBN)
- Water Dilution, Fuel Dilution
- Density
- Viscosity
- Others (Soot, Dielectric, etc.)
- Global Online Oil Condition Monitoring Market, By End-use Industry:
- Oil and Gas
- Mining
- Transportation
- Others (Industrial, etc.)
- Global Online Oil Condition Monitoring Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles:
- Shell
- Intertek Group plc
- Bureau Veritas SA
- SKF
- SGS
- SPECTRO Analytical Instruments GmbH
- General Electric
- SPM Instrument
- Condition Monitoring Technologies (CMT)
- Parker Hannifin Corp
- David Brown Santasalo
- Eaton Corporation
- Poseidon Systems, LLC.
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