Online Oil Condition Monitoring Market, by Product Type (Gear Systems and Motors, Hydraulic Oil Systems, Wind Power Turbines, Others (Engines, Compressors etc.)), By Measurement Type (Pressure, Temperature, Total Acid Number (TAN), Total Base Number (TBN)

Online Oil Condition Monitoring Market, by Product Type (Gear Systems and Motors, Hydraulic Oil Systems, Wind Power Turbines, Others (Engines, Compressors etc.)), By Measurement Type (Pressure, Temperature, Total Acid Number (TAN), Total Base Number (TBN), Water Dilution, Fuel Dilution, Others (Soot, Viscosity, Dielectric, Density etc.)), By End-use Industry (Oil and Gas, Energy and Power, Mining, Transportation, Others (Automotive, Industrial etc.)) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Online oil condition monitoring mainly consists two types of components hardware and software. Hardware mainly consists of various sensors such as temperature sensor, pressure sensor, oil quality sensor, wear debris sensor, and others. Whereas, software helps to communicate the data between sensors and users. The demand of 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 (OCM) market is expected to grow significantly during the forecast period.
In online oil condition monitoring systems, sensors play vital role in collecting real time data of oil parameters by monitoring condition of oil. There are various types of sensors used in online oil condition monitoring to monitor different characteristics of oil, which include water in oil sensor, moisture sensors, vibration sensors, temperature sensors, wear debris sensors, lube sensors/lubricating oil conditioning sensors, and others.
In order to improve efficiency of online oil condition monitoring systems, market players introduced advanced sensors to collect accurate real time data. For instance, in March 2021, SKF launched a compact and cost-effective vibration and temperature sensor ‘SKF Enlight Collect IMx-1’ for monitoring the condition of rotating parts on heavy industrial machinery. This is a wireless sensor that enables automated machine monitoring for reliable rotation in heavy industries. It can work reliably when exposed to dust, dirt, oil, grease, contaminants, flying debris, temperature changes, wind, rain, high-pressure hot water wash-downs, and others. Furthermore, in May 2019, SPM Instrument AB, a provider of condition monitoring technology and products, launched Airius, a range of wireless vibration sensors for remote monitoring of industrial equipment. The 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 in-depth analysis of global online oil condition monitoring (OCM) market size (US$ Thousand) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue 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 (OCM) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
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 (OCM) 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 (OCM) market
Detailed Segmentation
Global Online Oil Condition Monitoring (OCM) Market, By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
Global Online Oil Condition Monitoring (OCM) Market, By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
Others (Acoustic Emission Sensor, etc.)
Global Online Oil Condition Monitoring (OCM) Market, By Measurement Type:
Pressure
Temperature
Total Acid Number (TAN)
Total Base Number (TBN)
Water Dilution
Fuel Dilution
Density and Viscosity
Others (Particle Contamination, etc.)
Global Online Oil Condition Monitoring (OCM) Market, By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
Global Online Oil Condition Monitoring (OCM) Market, By Region:
North America
By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
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
Others
By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
By Country:
U.S.
Canada
Asia Pacific
By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
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
Others
By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
By Country:
China
India
Japan
Australia & New Zealand
South Korea
Rest of Asia Pacific
Europe
By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
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
Others
By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
By Country:
Germany
Italy
UK
Nordic Countries
Russia
Rest of Europe
Latin America
By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
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
Others
By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
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
Others
By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
By Country/Region:
Saudi Arabia
Iraq
Iran
Kuwait
Oman
Qatar
Rest of Middle East
Africa
By Product Type:
Gear Systems
Hydraulic Systems
Turbines
Engines
Others
By System Component
Software
Hardware
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor
Online Particle Detector/Oil Contamination Monitoring
Density and Viscosity Measurement Instrument
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
Others
By End-use Industry:
Oil and Gas
Power Generation
Mining
Transportation
Others
By Country/Region:
South Africa
Rest of Africa
Company Profiles
1. Shell*
Company Overview
Product Portfolio and Specifications
Financial Performance
Strategic Overview
Recent Developments/Updates
2. Intertek Group plc
3. Bureau Veritas SA
4. SKF
5. SGS
6. SPECTRO Analytical Instruments GmbH
7. General Electric
8. SPM Instrument
9. Condition Monitoring Technologies (CMT)
10. Parker Hannifin Corp
11. David Brown Santasalo
12. Eaton Corporation
13. Poseidon Systems, LLC
“*” marked represents similar segmentation in other categories in the respective section.