Online Oil Condition Monitoring Market, By Product Type, By System Component (Software and Hardware, By Measurement Type, By End-use Industry, By Geography

Description

The global online oil condition monitoring market size is estimated to be valued at US$ 290.7 Million in 2022 and is expected to exhibit a CAGR of 7.8% between 2023 and 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 310.1 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	7.80%	2030 Value Projection:	US$ 524.8 Mn

Global Online Oil Condition Monitoring Market Share (%), By Region, 2022

Online Oil Condition Monitoring Market - IMG1

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

Detailed Segmentation:

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
- Oil Quality Sensor
- 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.

Product Code: CMI3614

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By System Component
- Market Snapshot, By Measurement Type
- Market Snapshot, By End-use Industry
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Equipment Reliability and Maintenance Optimization
Cost Efficiency and Asset Management
- Restraints
High Initial Costs
Complex Implementation
- Opportunities
Rising Demand for Predictive Maintenance
IoT and Connectivity Advancements
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Online Oil Condition Monitoring Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Online Oil Condition Monitoring Market, By Product Type, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Gear Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Hydraulic Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030 ,(US$ Mn)
Turbines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Engines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Others (Compressors)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)

6. Global Online Oil Condition Monitoring Market, By System Component, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Oil Quality Sensor
Wear Debris Sensor
Moisture Content Sensor

7. Global Online Oil Condition Monitoring Market, By Measurement Type, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Pressure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Temperature
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Total Acid Number (TAN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Total Base Number (TBN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Water Dilution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Fuel Dilution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Density and Viscosity
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Others (Particle Contamination, Metal Wear (ferrous/ nonferrous), etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)

8. Global Online Oil Condition Monitoring Market, By End-use Industry, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
Others (Industrial, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)

9. Global Online Oil Condition Monitoring Market, By Region, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By System Component, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Measurement Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030, (US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By System Component, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Measurement Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030, (US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By System Component, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Measurement Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030, (US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By System Component, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Measurement Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030, (US$ Mn)
Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By System Component, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Measurement Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2023-2030, (US$ Mn)

10. Competitive Landscape

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
Analyst Views

11. Section

Research Methodology
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