According to Stratistics MRC, the Global Oil Condition Monitoring Market is accounted for $0.99 billion in 2021 and is expected to reach $1.61 billion by 2028 growing at a CAGR of 7.2% during the forecast period.
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Oil condition monitoring is utilized to measure equipment parameters like the temperature or the condition of the oil to be able to detect future failures. Its ability to prevent unplanned downtimes helps companies save losses. Many industries are opting for predictive maintenance to avoid unplanned downtimes to prevent losses. Oil condition monitoring, being a crucial part of predictive maintenance, is hence, growing.
Some of the key players profiled in the Oil Condition Monitoring Market include BP plc, Bureau Veritas, Castrol Limited, Chevron Corporation, Eaton Corporation, General Electric, Honeywell, Intertek Group plc, Micromem Applied Sensor Technologies Inc, NI (National Instruments), Parker-Hannifin Corporation, Poseidon Systems, LLC, Rockwell Automation, SGS SA, Shell plc, Tan Delta System, TotalEnergies, and UNIMARINE.
Products Covered:
• Compressor
• Engine
• Gear Systems
• Hydraulic System
• Industrial Tooling Systems
• Insulating Systems
• Transformers
• Turbine
Sampling Types Covered:
• Off-site
• On-site
End Users Covered:
• Energy and Power
• Industrial
• Mining
• Oil & Gas
• Transportation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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