오일 상태 모니터링 시장 규모, 점유율, 성장 분석 : 제품 유형별, 샘플링 유형별, 최종사용자별, 지역별 - 산업 예측(2024-2031년)

Global Oil Condition Monitoring Market size was valued at USD 1.10 billion in 2022 and is poised to grow from USD 1.17 billion in 2023 to USD 1.98 billion by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031).

The global oil condition monitoring market is witnessing significant growth driven by various factors, notably the increasing demand for eco-friendly and reliable machinery in the oil and gas sector. Companies are prioritizing operational optimization, making real-time monitoring of oil conditions essential to avoid system failures and minimize downtime. The integration of advanced technologies, such as Internet of Things (IoT) sensors and artificial intelligence, has greatly enhanced oil condition monitoring capabilities, facilitating continuous tracking of crucial parameters like temperature, pressure, viscosity, and contamination levels. The data collected is analyzed to deliver insights into equipment health and oil quality, enabling operators to make informed maintenance and oil change decisions. Additionally, there is a pronounced shift towards predictive maintenance strategies in the market. By leveraging predictive analytics and machine learning algorithms, organizations can forecast potential equipment failures and schedule maintenance activities proactively. This strategy not only lessens downtime but also helps in reducing maintenance costs, which is increasingly becoming a priority for companies aiming to enhance efficiency and sustainability. Overall, the oil condition monitoring market is evolving rapidly, reflecting a broader trend towards the adoption of smart technologies and predictive maintenance approaches that promise improved operational reliability and cost-effectiveness in the oil and gas industry.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Oil Condition Monitoring market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Oil Condition Monitoring Market Segmental Analysis

Global Oil Condition Monitoring Market is segmented by Product Type, Sampling Type, End User and region. Based on Product Type, the market is segmented into Turbines, Compressors, Engines, Gear Systems, Hydraulic Systems, Others (Gear Systems, Insulating Systems, Industrial Tooling Systems, and Transformers). Based on Sampling Type, the market is segmented into On-site (Portable Kit (On-board), Fixed Continuous Monitoring), Off-site. Based on end user, the market is segmented into Transportation (Automobile, Aerospace, Marine, Heavy Vehicle, Locomotive Engine), Industrial, Oil & Gas, Power Generation, Mining. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Oil Condition Monitoring Market

The global oil condition monitoring market is being significantly driven by the rising focus on preventive maintenance strategies across various industries, particularly in the oil and gas sector. As companies strive for enhanced efficiency and reliability in their machinery, the adoption of advanced monitoring technologies has surged. This shift towards proactive maintenance practices not only ensures optimal performance but also minimizes equipment failures and downtime. As a result, the demand for oil condition monitoring solutions is increasing, reflecting the industry's commitment to maintaining operational excellence and extending the lifespan of critical machinery and equipment.

Restraints in the Global Oil Condition Monitoring Market

A significant constraint in the Global Oil Condition Monitoring market is the substantial initial implementation costs tied to advanced monitoring systems. These high expenses can deter many businesses, especially smaller enterprises, from adopting such technologies. The financial burden of installing and maintaining sophisticated equipment can create a barrier to entry, making it challenging for these organizations to invest in necessary condition monitoring solutions. As a result, the high upfront costs can inhibit market growth and limit the widespread adoption of advanced oil condition monitoring systems across various sectors, particularly among smaller players in the industry.

Market Trends of the Global Oil Condition Monitoring Market

The Global Oil Condition Monitoring market is witnessing a significant trend driven by the rising integration of Internet of Things (IoT) solutions. This evolution enhances oil tracking systems by enabling real-time data collection and analysis, offering precise and timely insights into equipment health. Concurrently, there is a notable shift towards predictive maintenance strategies, powered by machine learning algorithms. Businesses are increasingly moving away from traditional reactive maintenance models to proactive frameworks, utilizing predictive analytics to anticipate potential equipment failures and optimize maintenance schedules. This trend not only enhances operational efficiency but also supports cost-effective management in the oil industry.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Case Study Analysis
• Customer & Buying Criteria Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Pricing Analysis

Global Oil Condition Monitoring Market Size by Product Type & CAGR (2024-2031)

• Market Overview
• Turbine
• Compressor
• Engine
• Hydraulic System
• Others
  • Gear Systems
  • Insulating Systems
  • Industrial Tooling Systems
  • Transformers

Global Oil Condition Monitoring Market Size by Sampling Type & CAGR (2024-2031)

• Market Overview
• On-site
  • Portable Kit (On-board)
  • Fixed Continuous Monitoring
• Off-site

Global Oil Condition Monitoring Market Size by End User & CAGR (2024-2031)

• Market Overview
• Transportation
  • Automobile
  • Aerospace
  • Marine
  • Heavy Vehicle
  • Locomotive Engine
• Industrial
• Oil & Gas
• Power Generation
• Mining

Global Oil Condition Monitoring Market Size & CAGR (2024-2031)

• North America, (Product Type, Sampling Type, End User)
  • US
  • Canada
• Europe, (Product Type, Sampling Type, End User)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Product Type, Sampling Type, End User)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Product Type, Sampling Type, End User)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Product Type, Sampling Type, End User)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Parker Hannifin Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Royal Dutch Shell PLC (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Intertek Group PLC (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bureau Veritas (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Castrol Limited (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Techenomics International (Australia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TestOil (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Spectro Scientific (AMETEK subsidiary) (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Avenisense (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tribomar GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Poseidon Systems (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SGS S.A. (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eaton Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Delta Services Industriels (DSi) (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Micromem Applied Sensor Technologies Inc. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Halliburton (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ExxonMobil (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation