Oil analysis provides a detailed view of what is happening within machine components during operation. For decades, oil analysis has helped diagnose the internal conditions of oil-wetted components and their lubricants in virtually every industry that involves heavy duty machinery or stationary industrial equipment. Any company that operates equipment using oil, fuel or coolant can realize substantial returns from a minimal investment in this type of testing. While early oil analysis test methods were shockingly simple, present-day processes employ the most advanced analytical tools and technologies. Commercial oil analysis uses a combination of physical and chemical tests to monitor lubricant and component conditions – much like what we learn when testing blood samples from people. Oil condition monitoring (OCM) testing predictive maintenance programs help clients avoid costly machinery, engine and power-train failures.
Global Oil Condition Monitoring key players include Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, etc. Global top five manufacturers hold a share about 70%. Europe is the largest market, with a share about 40%, followed by North America, with a share about 30 percent. In terms of product, Off-site is the largest segment, with a share about 75%. And in terms of application, the largest application is Oil & Gas, followed by Transportation, Industrial, Energy & Power, Mining, etc.

Market Analysis and Insights: Global Oil Condition Monitoring Market
The global Oil Condition Monitoring market size is projected to reach US$ 1160.6 million by 2027, from US$ 621 million in 2020, at a CAGR of 9.4% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Oil Condition Monitoring market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Oil Condition Monitoring market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Oil Condition Monitoring market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Oil Condition Monitoring market.

Global Oil Condition Monitoring Scope and Market Size
Oil Condition Monitoring market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Oil Condition Monitoring market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
On-Site
Off-Site

Segment by Application
Transportation
Industrial
Oil & Gas
Energy & Power
Mining

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Bureau Veritas
SGS
Intertek
Shell
Chevron
Castrol
Unimarine
Veritas Petroleum Services
Insight Services Inc