Whitepaper Archive - Reliable Plant

Author: Benjamin

Aug. 04, 2025

Measurement & Analysis Instruments

Whitepaper Archive - Reliable Plant

Discover the advantages of advanced reliability technology on ESG and sustainability initiatives across various sectors. This white paper offers practical insights and real-world examples to assist you in aligning smart factory KPIs with environmental, social, and governance goals through the implementation of predictive maintenance technology. This collection showcases real-world successes where ultrasound technology delivered measurable value in predictive maintenance. From detecting compressed air leaks and diagnosing steam trap failures to identifying bearing issues before vibration sensors could, each story illustrates how ultrasound helps reduce downtime, cut energy waste, and improve asset reliability. Do you know the three motor maintenance tasks for electric motor testing and the order in which they should be applied? What is the Good, Better, or Best testing approach? What is management’s role in a successful predictive maintenance plan? The answer to these questions leads to a solid motor maintenance plan.

Oil Condition Monitoring Market Size, Share & Growth [Latest]

The Global Oil Condition Monitoring market is expected to grow from USD 1.25 billion in to USD 1.59 billion by ; it is expected to grow at a CAGR of 5.1% during the forecast period. The Oil Condition Monitoring market encompasses technologies and solutions for the real-time monitoring, diagnostics, and predictive maintenance of hydraulic fluids and lubricants.  It includes Oil Condition Monitoring Sensors, Fluid Monitoring Sensors, and Oil Condition Monitoring Software to improve the reliability of equipment by detecting contamination, attrition, and degradation.In sectors like manufacturing, transportation, and energy, these solutions maximise maintenance schedules, lower running hazards, and prolong asset lifetime. The market is expanding with growing acceptance of hydraulic oil condition monitoring and equipment, therefore promoting efficiency, safety, and sustainability in asset management.

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Attractive Opportunities in the Oil Condition Monitoring Market

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Market Dynamics:

DRIVER: Surging demand for cost-effective solutions for maintaining health of machinery

The growing demand for cost-effective solutions to maintain machinery health is a key driver of the Oil Condition Monitoring market, as industries seek to minimize downtime, reduce maintenance costs, and enhance operational efficiency. Sectors such as manufacturing, transportation, energy, and marine rely on continuous machinery performance, where unexpected failures can lead to significant financial losses. Oil condition monitoring enables real-time analysis of lubricants and hydraulic fluids, detecting contamination, wear, and degradation before critical failures occur. By utilizing oil condition monitoring sensors, fluid monitoring sensors, and advanced software, businesses can transition from reactive to predictive maintenance, optimizing schedules and reducing unplanned downtime. This not only extends equipment lifespan but also lowers operational costs by preventing unnecessary oil changes and resource wastage. Industries with heavy machinery, such as construction, mining, and power generation, benefit significantly from these solutions by improving asset reliability and reducing overall maintenance expenses. As cost efficiency and sustainability become top priorities, the adoption of oil condition monitoring systems continues to rise, driving market growth globally.

RESTRAINT: Lack of skilled technical resources for data analysis 

The effective implementation of predictive maintenance strategies is significantly restricted by the absence of competent technical resources for data analysis in the Oil Condition Monitoring market.  Oil condition monitoring systems produce large volumes of real-time data on lubricant condition, contaminant levels, and equipment wear, and high-level analytical capabilities are needed to derive meaningful information. Unfortunately, most industries do not have trained personnel who can accurately interpret this data and incorporate it into maintenance workflows.  Lack of trained personnel means companies are missing the full benefits of oil condition monitoring sensors, fluid monitoring sensors, and oil condition monitoring software and thus end up making ineffective decisions and losing cost savings. Additionally, data analysis often demands state-of-the-art expertise in machine learning and predictive analytics, further widening the skill gap. The issue is common in industries with extensive fleets of machinery, e.g., manufacturing, power generation, and transport, where incorrect analysis leads to expensive downtime and equipment failure. Automation and AI-based analytics are set to be encouraged as potential solutions, but absence of trained staff is a big bottleneck, inhibiting widespread adoption of oil condition monitoring technology and reducing its contribution to operation efficiency and asset life.

OPPORTUNITY: Increasing adoption of big data analytics and IIoT

The growing use of big data analytics and Industrial Internet of Things (IIoT) offers a revolutionary opportunity to the Oil Condition Monitoring market, allowing industries to shift from reactive to predictive maintenance practices. IIoT-enabled oil condition monitoring sensors and fluid monitoring sensors continuously monitor real-time information on lubricant quality, contamination levels, and wear trends, offering invaluable insights into equipment health. Through the use of big data analytics, these systems can analyze huge amounts of data to determine trends, detect anomalies, and optimize maintenance schedules, minimizing unplanned downtime and extending equipment life. Sophisticated oil condition monitoring software, backed by machine learning and AI algorithms, further enhances predictive performance with actionable insights and automated notifications. Cloud-based systems also enable smooth data integration between multiple assets, empowering centralized monitoring and improved decision-making. Manufacturing, transportation, power generation, and marine sectors benefit from greater operational efficiency, lower maintenance expenditure, and increased asset reliability. As businesses invest more in digital transformation and Industry 4.0 technologies, the market for IIoT-enabled oil condition monitoring solutions keeps growing, pushing market growth and innovation in predictive maintenance applications in industrial sectors.

CHALLENGE: Challenges with offline oil sampling

In the Oil Condition Monitoring industry, challenges with offline oil sampling create a major obstacle that influences the accuracy, efficiency, and timeliness of maintenance decisions.  Periodic hand sample is the foundation of conventional oil analysis, and this usually results in delayed discovery of lubricant deterioration, contamination, or wear-related problems.  Uncovering undetectable faults resulting from the time lag between sample collecting, laboratory analysis, and reporting findings raises the possibility of unanticipated equipment malfunctions and expensive downtime.  Furthermore, influencing data dependability includes uneven sample techniques, environmental contamination during handling, and human mistakes, thus resulting in erroneous estimates of oil conditions.  Offline sampling adds to operational expenses and labor needs as it requires qualified individuals for correct sample extraction and analysis.  Furthermore, businesses running far-off sites in hostile conditions—such as offshore drilling, mining, and power plants—have logistical challenges routinely gathering and moving samples for testing.  These constraints make predictive maintenance plans difficult to apply, which is why real-time, IIoT-enabled oil condition monitoring systems are so much needed.  The industry is moving towards in-line and on-site oil analysis solutions that provide instantaneous insights as businesses search for more dependable, automated, and continuous monitoring systems, therefore allowing predictive maintenance and enhancing general equipment dependability.

Oil Condition Monitoring Market Ecosystem:

Key players operating in Oil Condition Monitoring market are Parker Hannifin Corp (US), General Electric Company (US), BP p.l.c. (UK), Shell plc (Netherlands), and Chevron Corporation (US).These companies not only boast a comprehensive product portfolio but also have a strong geographic footprint. Players in this market have adopted various growth strategies including partnerships and expansions in order to set their foothold in the market. The market ecosystem has several participants, and each participant has played a crucial role in developing and deploying Oil Condition Monitoring solutions worldwide

Turbine Segment to Hold the Largest Market Share During the Forecast Period.

Driven by the vital need for consistent lubrication in power generation, aviation, and industrial applications, the turbine sector is likely to dominate the oil condition monitoring market throughout the forecast period.  Turbines run under demanding circumstances, so real-time oil condition monitoring is crucial to avoid failures, save downtime, and maximize maintenance plans.  The growing acceptance of renewable energy sources—especially wind and hydro turbines—further increases the need for sophisticated monitoring technologies to improve operational effectiveness.  Rising IIoT-enabled sensors and AI-driven analytics are also changing turbine oil monitoring by allowing predictive maintenance, hence reducing unexpected failures, and prolonging equipment life.  Condition-based monitoring is being given top priority by sectors like power plants, aircraft, and heavy manufacturing in order to increase asset dependability and save maintenance costs, thereby enhancing the market share of that sector.  Growing focus on sustainability and energy efficiency is also driving businesses to use cutting-edge monitoring solutions, therefore guaranteeing the best turbine performance and lowering environmental effects.  Driven by creativity and growing industry acceptance, these elements in action help the turbine sector to maintain its leading position in the oil condition monitoring market.

Power Generation Segment to Hold a Significant Share in the Oil Condition Monitoring Market

Driven by the need to improve equipment dependability and reduce unscheduled downtime, the power generation sector is expected to have a significant share of the oil condition monitoring market throughout the forecast period.  Thermal, hydro, nuclear, and renewable energy facilities as well as power plants depend on turbines, generators, and transformers needing constant oil monitoring to avoid breakdowns and maximize performance.  Advanced oil condition monitoring technologies are now even more important given the growing need for continuous electrical supply and the change towards greener energy sources.  Power generating firms may increase operating efficiency, prolong equipment lifetime, and save maintenance costs by using predictive maintenance plans.  Furthermore, the combination of artificial intelligence-driven analytics and Industrial IoT (IIoT) helps operators to monitor conditions in real time, hence guiding data-driven maintenance choices.  The acceptance of oil condition monitoring systems in the power generating industry will keep increasing as governments and businesses concentrate on enhancing energy efficiency and sustainability, therefore confirming their significant position in the market.

Asia Pacific is expected to grow at the highest rate during the forecast period.

Asia Pacific is expected to experience the maximum CAGR during the forecast period for the oil condition monitoring market, supported by high-speed industrialization, increasing energy infrastructure, and increasing adoption of predictive maintenance solutions. China, India, and Japan are some of the nation’s experiencing high investments in manufacturing, power generation, and transportation, and this is supporting high demand for oil condition monitoring for enhancing equipment efficiency and reducing the cost of operations. The region’s focus on digitalization, combined with the rising implementation of Industry 4.0 and IIoT-based solutions, is further accelerating the adoption of advanced condition monitoring technologies. Additionally, the expanding automotive and aerospace industries, along with stringent government regulations on emissions and equipment maintenance, are contributing to market growth. The presence of key industry players and the rising awareness about the benefits of real-time oil monitoring are expected to drive further advancements in this sector. As industries across Asia Pacific seek to improve asset reliability and minimize downtime, the demand for oil condition monitoring solutions will continue to grow, positioning the region as a key growth driver in the global market.

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Key Market Players

Key players operating in oil condition monitoring market are as follows:

  • Parker Hannifin Corp (US)
  • General Electric (US)
  • Shell Global (Netherlands)
  •  BP p.l.c.  (UK)
  • Chevron Corporation   (US)
  • Intertek (UK)
  •  SGS Société Générale de Surveillance SA. (France)
  • Bureau Veritas (France)
  • Eaton (Ireland)
  • TotalEnergies (France)

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Scope of the Report:

This report categorizes the Oil condition monitoring market based on sampling type, product type, vertical, and region.

By SamplingType:

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

By Product Type:

  • Turbine
  • Compressor
  • Engine
  • Hydraulic System
  • Others (Gear Systems, Insulating Systems, Industrial Tooling Systems, and Transformers)

By Vertical:

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

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe (Italy, Spain, Sweden, Russia, the Netherlands, Finland, Switzerland, and Norway)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (South Korea, Hong Kong, Australia, New Zealand, Indonesia, Singapore, Malaysia, and Thailand)
  • Rest of the World (RoW)
    • Middle East And Africa
    • South America

Recent Developments

  • In June , Eaton (US) introduced the PFS 02 particle flow sensor, a compact in-line solution for continuous contamination monitoring in hydraulic and lubrication oils. The sensor integrates measurement and evaluation into a single unit, offering real-time diagnostics to prevent equipment failures. It supports multiple data output options, including serial interface, CAN-Bus, and analog output, and complies with ISO :99, SAE AS , NAS , and GOST standards.
  • In December , Tan Delta Systems (UK) launched the SENSE-2 oil condition monitoring kit, featuring the OQSx-G2 sensor for real-time oil quality analysis. Using full-spectrum holistic (FSHTM) technology, it detects oil degradation and contamination at the molecular level, optimizing maintenance, reducing costs, and preventing equipment failures. The plug-and-play system integrates seamlessly with existing equipment, supports various oil types, and enables on-site and remote diagnostics for enhanced reliability across industries.
  • In September , BP, Abu Dhabi National Oil Company (ADNOC) (UAE), and Abu Dhabi Future Energy Company Masdar (UAE) formed a strategic partnership to provide clean energy solutions for the UK and the UAE. The three companies aim to develop low-carbon hydrogen hubs and decarbonized air corridors between the two countries.
  • In June , Bureau Veritas (France) entered into a framework agreement with the Veolia group, which applies solutions for water, waste, and energy management worldwide. The three-year contract covers the listing of Bureau Veritas as a preferred supplier for regulatory and non-regulatory verifications and certification of Veolia group sites.
  • In July , Intertek (UK) launched Carbonclear, the world’s first certification program that independently verifies the upstream carbon intensity per barrel of oil. Carbonclear brings unique clarity on the carbon impact of cradle-to-gate operations across all aspects of oil & gas exploration and production, providing producers with continuous opportunities to reduce their carbon emissions and participate in the transition to a low-carbon economy.

Frequently Asked Questions (FAQ):

What is the total CAGR expected to be recorded for the oil condition monitoring market during -?

The global oil condition monitoring market is expected to record a CAGR of 5.1% from –.

What are the driving factors for the oil condition monitoring market?

The oil condition monitoring market is driven by the growing emphasis on predictive maintenance, increasing adoption of real-time monitoring solutions, and the need to optimize equipment performance across industries such as automotive, power generation, and manufacturing. Advancements in sensor technology, including AI-driven diagnostics and molecular-level oil analysis, are enhancing detection accuracy and efficiency. Additionally, stringent environmental regulations, rising awareness of sustainability in lubricant usage, and expanding applications in aerospace, marine, and heavy machinery sectors are creating new opportunities for market growth.

Which are the significant players operating in the oil condition monitoring market?

Parker Hannifin Corp (US), General Electric Company (US), BP p.l.c. (UK), Shell plc (Netherlands), and Chevron Corporation (US) are dominant players in the global oil condition monitoring market. Deals is one of the key strategies adopted by these players. Apart from acquisitions, these players extend their focus on partnerships, agreements, and collaborations.

What factors are influencing the adoption of oil condition monitoring equipment?

Stringent regulatory requirements, the rising need for efficiency in industrial operations, and the growing shift toward Industry 4.0 are key factors influencing the adoption of oil condition monitoring equipment. Companies are investing in advanced monitoring solutions to ensure compliance, improve sustainability, and extend machinery life cycles.

Why is hydraulic oil condition monitoring gaining prominence?

Hydraulic oil condition monitoring is gaining prominence due to its critical role in maintaining system efficiency across industries like construction, mining, and heavy machinery. Contamination and viscosity changes in hydraulic oil can lead to performance degradation and costly failures, making continuous monitoring essential for minimizing risks and optimizing machine performance.

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How is the demand for oil condition monitoring software evolving?

The demand for oil condition monitoring software is rising due to its ability to analyze large datasets from sensors and provide actionable insights. Advanced software solutions leverage AI and machine learning to detect patterns, predict failures, and recommend optimal maintenance schedules, improving operational efficiency across industries.

What is the impact of the AI on the oil condition monitoring market?

AI is transforming the oil condition monitoring market by enabling real-time data analysis, predictive maintenance, and automated diagnostics, reducing downtime and operational costs. AI-driven algorithms enhance sensor accuracy, detect anomalies early, and optimize oil change intervals, improving equipment efficiency and sustainability. Integration with IoT and machine learning further refines predictive insights, supporting industries like automotive, aerospace, and power generation in maximizing asset longevity and minimizing failures.

Which region to offer lucrative growth for the oil condition monitoring market by ?

During the projected period, the Asia Pacific is expected to offer lucrative opportunities in the oil condition monitoring market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 OIL CONDITION MONITORING MARKET: SEGMENTATION
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 2 OIL CONDITION MONITORING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM OIL CONDITION MONITORING OFFERINGS
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN OIL CONDITION MONITORING MARKET
           2.2.3 MARKET PROJECTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 10 OIL CONDITION MONITORING MARKET: GROWTH PROJECTIONS FOR REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
           FIGURE 11 TURBINES SEGMENT TO HOLD LARGEST MARKET SHARE, BY PRODUCT TYPE, DURING FORECAST PERIOD
           FIGURE 12 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, VS.
           FIGURE 13 OIL CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY TO REGISTER HIGHEST CAGR FROM TO
           FIGURE 14 APAC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES IN OIL CONDITION MONITORING MARKET
           FIGURE 15 INCREASING NEED FOR COST-EFFECTIVE PRODUCTS TO BOOST GROWTH OF  OIL CONDITION MONITORING MARKET
    4.2 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE
           FIGURE 16 ON-SITE SAMPLING TO REGISTER HIGHER CAGR FROM TO
    4.3 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE
           FIGURE 17 TURBINES TO HOLD LARGEST SHARE OF OIL CONDITION MONITORING MARKET BY
    4.4 OIL CONDITION MONITORING MARKET IN NORTH AMERICA,  BY VERTICAL AND COUNTRY
           FIGURE 18 TRANSPORTATION VERTICAL AND US HELD LARGEST SHARE OF NORTH AMERICA OIL CONDITION MONITORING MARKET IN
    4.5 OIL CONDITION MONITORING MARKET, BY REGION
           FIGURE 19 CHINA OIL CONDITION MONITORING MARKET TO EXHIBIT HIGHEST CAGR FROM TO

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 IMPACT OF DRIVERS AND OPPORTUNITIES ON OIL CONDITION MONITORING MARKET
           FIGURE 21 IMPACT OF CHALLENGES AND RESTRAINTS ON OIL CONDITION MONITORING MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Surging demand for cost-effective solutions for maintaining health of machinery
                    5.2.1.2 Increasing awareness regarding importance of oil condition monitoring among industries
                    5.2.1.3 Growing focus on reducing maintenance costs
           5.2.2 RESTRAINTS
                    5.2.2.1 Expenses incurred in retrofitting existing systems
                    5.2.2.2 Lack of skilled technical resources for data analysis
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for energy
                    5.2.3.2 Increasing adoption of big data analytics and IIoT
           5.2.4 CHALLENGES
                    5.2.4.1 Challenges with offline oil sampling
                    5.2.4.2 Decline in demand from oil & gas industry due to COVID-19
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS: MOST VALUE IS ADDED DURING TESTING LABS AND DATA ANALYSTS PHASES
    5.4 PORTER’S FIVE FORCES ANALYSIS
           TABLE 2 IMPACT OF PORTER’S FIVE FORCES ON OIL CONDITION MONITORING MARKET
    5.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
           FIGURE 23 REVENUE SHIFT IN OIL CONDITION MONITORING MARKET
    5.6 OIL CONDITION MONITORING MARKET: ECOSYSTEM
           FIGURE 24 OIL CONDITION MONITORING MARKET: ECOSYSTEM
    5.7 AVERAGE SELLING PRICE ANALYSIS
    5.8 CASE STUDIES
           5.8.1 WEAR DEBRIS ANALYSIS OF STERN TUBE LUBRICANTS ON MARINE CARGO VESSELS BY INTERTEK PLC
           5.8.2 LONG-TERM APPLICATION OF ONLINE OIL CONDITION MONITORING ON HIGHWAY DIESEL ENGINE BY POSEIDON SYSTEMS
    5.9 PATENTS ANALYSIS
           5.9.1 PATENT REGISTRATIONS, –
                    TABLE 3 PATENTS RELATED TO OIL CONDITION MONITORING FILED DURING –
           5.9.2 PATENTS ANALYSIS
                    5.9.2.1 Methodology
                    5.9.2.2 Document type
                               TABLE 4 PATENTS FILED
                               FIGURE 25 PATENTS FILED BETWEEN AND
                               FIGURE 26 TREND OF PATENTS GRANTED DURING –
                    5.9.2.3 Insight
                    5.9.2.4 General Electric
                               TABLE 5 LIST OF PATENTS BY GENERAL ELECTRIC (US)
    5.10 TRADE ANALYSIS
           5.10.1 IMPORTS SCENARIO FOR PRODUCTS UNDER HS CODE
                    TABLE 6 IMPORTS DATA FOR PRODUCTS UNDER HS CODE , BY COUNTRY,  – (USD MILLION)
           5.10.2 EXPORTS SCENARIO FOR PRODUCTS UNDER HS CODE
                    TABLE 7 EXPORTS DATA FOR PRODUCTS UNDER HS CODE , BY COUNTRY,  – (USD MILLION)
    5.11 TECHNOLOGY TRENDS
           5.11.1 KEY TECHNOLOGY
                    5.11.1.1 Full Spectrum Holistic (FSH)
                    5.11.1.2 Internet of Things (IoT)
           5.11.2 ADJACENT TECHNOLOGIES
                    5.11.2.1 Carbon-free energy resources
    5.12 TARIFFS AND REGULATIONS
           5.12.1 TARIFFS
                    TABLE 8 MFN TARIFFS FOR PRODUCTS UNDER HS CODE EXPORTED BY CHINA
                    TABLE 9 MFN TARIFFS FOR PRODUCTS UNDER HS CODE IMPORTED BY GERMANY
    5.13 GOVERNMENT REGULATIONS AND STANDARDS
           5.13.1 GOVERNMENT REGULATIONS
           5.13.2 STANDARDS
                    5.13.2.1 ISO -1:(en): Condition monitoring and diagnostics of machine systems — Tribology-based monitoring and diagnostics
                    5.13.2.2 ASTM D - 11(): Standard Guide for Statistically Evaluating Measurand Alarm Limits when Using Oil Analysis to Monitor Equipment and Oil for Fitness and Contamination
    5.14 TYPES OF OIL CONTAMINATION
           5.14.1 WATER CONTAMINATION
           5.14.2 PARTICLE CONTAMINATION

6 TECHNIQUES USED FOR OIL CONDITION MONITORING (Page No. - 76)
    6.1 INTRODUCTION
    6.2 FERROGRAPHY
    6.3 ON-LINE ACOUSTIC VISCOMETRY IN OIL CONDITION MONITORING
    6.4 INDUCTIVELY COUPLED PLASMA – OPTICAL EMISSION SPECTROSCOPY (ICP-OES)
    6.5 FOURIER TRANSFORM INFRARED (FTIR) SPECTROSCOPY
    6.6 DIELECTRIC STRENGTH TEST
    6.7 POTENTIOMETRIC TITRATION

7 TYPES OF SENSORS USED IN OIL CONDITION MONITORING (Page No. - 78)
    7.1 INTRODUCTION
    7.2 OIL QUALITY SENSORS
    7.3 WEAR DEBRIS SENSORS/METALLIC PARTICLE SENSORS
    7.4 VISCOSITY/DENSITY SENSORS
    7.5 WATER-IN-OIL SENSORS

8 PARAMETERS FOR MEASURING OIL CONDITION (Page No. - 80)
    8.1 INTRODUCTION
           FIGURE 27 PARAMETERS FOR MEASURING OIL CONDITION
    8.2 TEMPERATURE
    8.3 PRESSURE
    8.4 DENSITY
    8.5 VISCOSITY
    8.6 DIELECTRIC
    8.7 TAN/TBN
    8.8 FUEL DILUTION
    8.9 WATER DILUTION
    8.10 SOOT
    8.11 WEAR PARTICLES

9 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE (Page No. - 85)
    9.1 INTRODUCTION
           FIGURE 28 OFF-SITE SAMPLING TO HOLD LARGER MARKET SIZE BY
           TABLE 10 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, – (USD MILLION)
           TABLE 11 OIL CONDITION MONITORING MARKET, BY SAMPLING TYPE, – (USD MILLION)
    9.2 ON-SITE
           9.2.1 PORTABLE KITS
                    9.2.1.1 Ease of operating propels demand for portable kits for oil analysis
           9.2.2 FIXED CONTINUOUS MONITORING
                    9.2.2.1 Fixed continuous monitoring is suitable for real-time oil monitoring and analysis
                               TABLE 12 OIL CONDITION MONITORING MARKET FOR ON-SITE SAMPLING, BY PRODUCT TYPE, – (USD MILLION)
                               TABLE 13 OIL CONDITION MONITORING MARKET FOR ON-SITE SAMPLING, BY PRODUCT TYPE, – (USD MILLION)
    9.3 OFF-SITE
           9.3.1 OFF-SITE SAMPLING IS TRADITIONAL METHOD OF OIL CONDITION MONITORING
                    TABLE 14 OIL CONDITION MONITORING MARKET FOR OFF-SITE SAMPLING, BY PRODUCT TYPE, – (USD MILLION)
                    TABLE 15 OIL CONDITION MONITORING MARKET FOR OFF-SITE SAMPLING, BY PRODUCT TYPE, – (USD MILLION)

10 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE (Page No. - 91)
     10.1 INTRODUCTION
               FIGURE 29 TURBINE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FOR  OIL CONDITION MONITORING BY
               TABLE 16 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, – (USD MILLION)
               TABLE 17 OIL CONDITION MONITORING MARKET, BY PRODUCT TYPE, – (USD MILLION)
     10.2 TURBINES
             10.2.1 GROWING NEED FOR MAXIMUM RELIABILITY TO FUEL MARKET GROWTH FOR TURBINES
                       TABLE 18 OIL CONDITION MONITORING MARKET FOR TURBINES, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 19 OIL CONDITION MONITORING MARKET FOR TURBINES, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 20 OIL CONDITION MONITORING MARKET FOR TURBINES, BY INDUSTRY, – (USD MILLION)
                       TABLE 21 OIL CONDITION MONITORING MARKET FOR TURBINES, BY INDUSTRY, – (USD MILLION)
     10.3 COMPRESSORS
             10.3.1 REDUCTION IN MAINTENANCE COSTS FOR COMPRESSORS TO DRIVE GROWTH OF MARKET
                       TABLE 22 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 23 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 24 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY INDUSTRY,  – (USD MILLION)
                       TABLE 25 OIL CONDITION MONITORING MARKET FOR COMPRESSORS, BY INDUSTRY,  – (USD MILLION)
     10.4 ENGINES
             10.4.1 DEMAND FOR OIL CONDITION MONITORING IS ATTRIBUTED TO INCREASING NEED FOR SCHEDULED ENGINE MONITORING
                       TABLE 26 OIL CONDITION MONITORING MARKET FOR ENGINES, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 27 OIL CONDITION MONITORING MARKET FOR ENGINES, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 28 OIL CONDITION MONITORING MARKET FOR ENGINES, BY INDUSTRY, – (USD MILLION)
                       TABLE 29 OIL CONDITION MONITORING MARKET FOR ENGINES, BY INDUSTRY, – (USD MILLION)
     10.5 HYDRAULIC SYSTEMS
             10.5.1 NEED FOR MAINTAINING HYDRAULIC SYSTEMS IN WORKING CONDITION CREATES LUCRATIVE MARKET OPPORTUNITIES
                       TABLE 30 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY SAMPLING TYPE, – (USD MILLION)
                       TABLE 31 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY SAMPLING TYPE, – (USD MILLION)
                       TABLE 32 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY INDUSTRY,  – (USD MILLION)
                       TABLE 33 OIL CONDITION MONITORING MARKET FOR HYDRAULIC SYSTEMS, BY INDUSTRY,  – (USD MILLION)
     10.6 OTHERS
             10.6.1 GROWING DEMAND FOR CHLORINE DETECTORS IN WATER & WASTEWATER TREATMENT APPLICATION TO DRIVE MARKET GROWTH
                       TABLE 34 OIL CONDITION MONITORING MARKET FOR OTHERS, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 35 OIL CONDITION MONITORING MARKET FOR OTHERS, BY SAMPLING TYPE,  – (USD MILLION)
                       TABLE 36 OIL CONDITION MONITORING MARKET FOR OTHERS, BY INDUSTRY, – (USD MILLION)
                       TABLE 37 OIL CONDITION MONITORING MARKET FOR OTHERS, BY INDUSTRY, – (USD MILLION)

11 OIL CONDITION MONITORING MARKET, BY VERTICAL (Page No. - 104)
     11.1 INTRODUCTION
               FIGURE 30 TRANSPORTATION TO ACCOUNT FOR LARGEST SIZE OF OIL CONDITION MONITORING MARKET BY
               TABLE 38 OIL CONDITION MONITORING MARKET, BY VERTICAL, – (USD MILLION)
               TABLE 39 OIL CONDITION MONITORING MARKET, BY VERTICAL, – (USD MILLION)
     11.2 TRANSPORTATION
             11.2.1 DECLINE IN GLOBAL DEMAND FOR AUTOMOBILES DUE TO COVID-19 PANDEMIC TO IMPACT GROWTH OF SEGMENT
                       TABLE 40 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 41 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 42 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY REGION,  – (USD MILLION)
                       TABLE 43 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY REGION,  – (USD MILLION)
                       TABLE 44 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN NORTH AMERICA,  BY COUNTRY, – (USD MILLION)
                       TABLE 45 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN NORTH AMERICA,  BY COUNTRY, – (USD MILLION)
                       TABLE 46 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN EUROPE,  BY COUNTRY, – (USD MILLION)
                       TABLE 47 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN EUROPE,  BY COUNTRY, – (USD MILLION)
                       TABLE 48 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, – (USD MILLION)
                       TABLE 49 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, – (USD MILLION)
                       TABLE 50 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN ROW, BY REGION, – (USD MILLION)
                       TABLE 51 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION IN ROW, BY REGION, – (USD MILLION)
                       FIGURE 31 AUTOMOBILE SEGMENT TO LEAD OIL CONDITION MONITORING MARKET FOR TRANSPORTATION VERTICAL DURING FORECAST PERIOD
                       TABLE 52 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY TYPE,  – (USD MILLION)
                       TABLE 53 OIL CONDITION MONITORING MARKET FOR TRANSPORTATION, BY TYPE,  – (USD MILLION)
             11.2.2 AUTOMOBILE
             11.2.3 AEROSPACE
             11.2.4 MARINE
             11.2.5 HEAVY VEHICLE
             11.2.6 LOCOMOTIVE ENGINES
     11.3 INDUSTRIAL
             11.3.1 DEMAND FOR LUBRICANTS WILL BE HIGH FOR INDUSTRIAL MACHINERIES DUE TO NEED FOR CONTINUOUS FUNCTIONING OF MANUFACTURING FACILITIES
                       TABLE 54 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 55 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 56 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY REGION, – (USD MILLION)
                       TABLE 57 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL, BY REGION, – (USD MILLION)
                       TABLE 58 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN NORTH AMERICA,  BY COUNTRY, – (USD MILLION)
                       TABLE 59 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN NORTH AMERICA,  BY COUNTRY, – (USD MILLION)
                       TABLE 60 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY,  – (USD MILLION)
                       TABLE 61 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY,  – (USD MILLION)
                       TABLE 62 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY,  – (USD MILLION)
                       TABLE 63 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY,  – (USD MILLION)
                       TABLE 64 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN ROW, BY REGION,  – (USD MILLION)
                       TABLE 65 OIL CONDITION MONITORING MARKET FOR INDUSTRIAL IN ROW, BY REGION,  – (USD MILLION)
     11.4 OIL & GAS
             11.4.1 GROWING NEED TO MONITOR OIL IN EXPLORATION AND REFINING PROCESSES TO BOOST MARKET GROWTH
                       TABLE 66 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 67 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 68 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION, – (USD MILLION)
                       TABLE 69 OIL CONDITION MONITORING MARKET FOR OIL & GAS, BY REGION, – (USD MILLION)
                       TABLE 70 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, – (USD MILLION)
                       TABLE 71 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, – (USD MILLION)
                       TABLE 72 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,  – (USD MILLION)
                       TABLE 73 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,  – (USD MILLION)
                       TABLE 74 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN APAC, BY COUNTRY,  – (USD MILLION)
                       TABLE 75 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN APAC, BY COUNTRY,  – (USD MILLION)
                       TABLE 76 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN ROW, BY REGION,  – (USD MILLION)
                       TABLE 77 OIL CONDITION MONITORING MARKET FOR OIL & GAS IN ROW, BY REGION,  – (USD MILLION)
     11.5 POWER GENERATION
             11.5.1 GROWING INVESTMENTS FOR POWER GENERATION TO DRIVE GROWTH OF OIL CONDITION MONITORING MARKET
                       FIGURE 32 APAC TO LEAD OIL CONDITION MONITORING MARKET FOR INDUSTRIAL SEGMENT DURING FORECAST PERIOD
                       TABLE 78 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY PRODUCT TYPE, – (USD MILLION)
                       TABLE 79 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY PRODUCT TYPE, – (USD MILLION)
                       TABLE 80 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY REGION,  – (USD MILLION)
                       TABLE 81 OIL CONDITION MONITORING MARKET FOR POWER GENERATION, BY REGION,  – (USD MILLION)
                       TABLE 82 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN NORTH AMERICA,  BY COUNTRY, – (USD MILLION)
                       TABLE 83 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN NORTH AMERICA,  BY COUNTRY, – (USD MILLION)
                       TABLE 84 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN EUROPE,  BY COUNTRY, – (USD MILLION)
                       TABLE 85 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN EUROPE,  BY COUNTRY, – (USD MILLION)
                       TABLE 86 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN APAC, BY COUNTRY, – (USD MILLION)
                       TABLE 87 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN APAC, BY COUNTRY, – (USD MILLION)
                       TABLE 88 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN ROW, BY REGION, – (USD MILLION)
                       TABLE 89 OIL CONDITION MONITORING MARKET FOR POWER GENERATION IN ROW, BY REGION, – (USD MILLION)
     11.6 MINING
             11.6.1 GROWING NEED FOR LUBRICANTS FOR HEAVY MACHINERIES IN MINES TO FUEL MARKET GROWTH
                       TABLE 90 OIL CONDITION MONITORING MARKET FOR MINING, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 91 OIL CONDITION MONITORING MARKET FOR MINING, BY PRODUCT TYPE,  – (USD MILLION)
                       TABLE 92 OIL CONDITION MONITORING MARKET FOR MINING, BY REGION,  – (USD MILLION)
                       TABLE 93 OIL CONDITION MONITORING MARKET FOR MINING, BY REGION,  – (USD MILLION)
                       TABLE 94 OIL CONDITION MONITORING MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, – (USD MILLION)
                       TABLE 95 OIL CONDITION MONITORING MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, – (USD MILLION)
                       TABLE 96 OIL CONDITION MONITORING MARKET FOR MINING IN EUROPE, BY COUNTRY,  – (USD MILLION)
                       TABLE 97 OIL CONDITION MONITORING MARKET FOR MINING IN EUROPE, BY COUNTRY,  – (USD MILLION)
                       TABLE 98 OIL CONDITION MONITORING MARKET FOR MINING IN APAC, BY COUNTRY,  – (USD MILLION)
                       TABLE 99 OIL CONDITION MONITORING MARKET FOR MINING IN APAC, BY COUNTRY,  – (USD MILLION)
                       TABLE 100 OIL CONDITION MONITORING MARKET FOR MINING IN ROW, BY REGION,  – (USD MILLION)
                       TABLE 101 OIL CONDITION MONITORING MARKET FOR MINING IN ROW, BY REGION,  – (USD MILLION)

12 OIL CONDITION MONITORING MARKET, BY REGION (Page No. - 132)
     12.1 INTRODUCTION
               FIGURE 33 GEOGRAPHIC SNAPSHOT: APAC TO GROW AT HIGHEST CAGR FROM  TO
               FIGURE 34 OIL CONDITION MONITORING MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 102 OIL CONDITION MONITORING MARKET, BY REGION, – (USD MILLION)
               TABLE 103 OIL CONDITION MONITORING MARKET, BY REGION, – (USD MILLION)
     12.2 NORTH AMERICA
               FIGURE 35 NORTH AMERICA: OIL CONDITION MONITORING MARKET SNAPSHOT
               TABLE 104 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY VERTICAL,  – (USD MILLION)
               TABLE 105 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY VERTICAL,  – (USD MILLION)
               TABLE 106 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY,  – (USD MILLION)
               TABLE 107 OIL CONDITION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY,  – (USD MILLION)
             12.2.1 US
                       12.2.1.1 Presence of key oil condition monitoring solution providers in US to propel market growth during forecast period
                                   TABLE 108 OIL CONDITION MONITORING MARKET IN US, BY VERTICAL, – (USD MILLION)
                                   TABLE 109 OIL CONDITION MONITORING MARKET IN US, BY VERTICAL, – (USD MILLION)
             12.2.2 CANADA
                       12.2.2.1 Implementation of smart factory solutions to boost market growth in Canada
                                   TABLE 110 OIL CONDITION MONITORING MARKET IN CANADA, BY VERTICAL, – (USD MILLION)
                                   TABLE 111 OIL CONDITION MONITORING MARKET IN CANADA, BY VERTICAL, – (USD MILLION)
             12.2.3 MEXICO
                       12.2.3.1 Increasing industrialization in Mexico to drive growth of oil condition monitoring market
                                   TABLE 112 OIL CONDITION MONITORING MARKET IN MEXICO, BY VERTICAL, – (USD MILLION)
                                   TABLE 113 OIL CONDITION MONITORING MARKET IN MEXICO, BY VERTICAL, – (USD MILLION)
     12.3 EUROPE
               FIGURE 36 EUROPE: OIL CONDITION MONITORING MARKET SNAPSHOT
               TABLE 114 OIL CONDITION MONITORING MARKET IN EUROPE, BY VERTICAL, – (USD MILLION)
               TABLE 115 OIL CONDITION MONITORING MARKET IN EUROPE, BY VERTICAL, – (USD MILLION)
               TABLE 116 OIL CONDITION MONITORING MARKET IN EUROPE, BY COUNTRY, – (USD MILLION)
               TABLE 117 OIL CONDITION MONITORING MARKET IN EUROPE, BY COUNTRY, – (USD MILLION)
             12.3.1 GERMANY
                       12.3.1.1 Germany to lead oil condition monitoring market in Europe during forecast period owing to its automotive industry
                                   TABLE 118 OIL CONDITION MONITORING MARKET IN GERMANY, BY VERTICAL, – (USD MILLION)
                                   TABLE 119 OIL CONDITION MONITORING MARKET IN GERMANY, BY VERTICAL, – (USD MILLION)
             12.3.2 UK
                       12.3.2.1 Growing investments in manufacturing sectors to boost growth of oil condition monitoring market during forecast period in UK
                                   TABLE 120 OIL CONDITION MONITORING MARKET IN UK, BY VERTICAL, – (USD MILLION)
                                   TABLE 121 OIL CONDITION MONITORING MARKET IN UK, BY VERTICAL, – (USD MILLION)
             12.3.3 FRANCE
                       12.3.3.1 Growing use of oil condition monitoring in automotive industry and power stations to drive market growth
                                   TABLE 122 OIL CONDITION MONITORING MARKET IN FRANCE, BY VERTICAL, – (USD MILLION)
                                   TABLE 123 OIL CONDITION MONITORING MARKET IN FRANCE, BY VERTICAL, – (USD MILLION)
             12.3.4 REST OF EUROPE
                       TABLE 124 OIL CONDITION MONITORING MARKET IN REST OF EUROPE, BY VERTICAL,  – (USD MILLION)
                       TABLE 125 OIL CONDITION MONITORING MARKET IN REST OF EUROPE, BY VERTICAL,  – (USD MILLION)
     12.4 ASIA PACIFIC
               FIGURE 37 APAC: OIL CONDITION MONITORING MARKET SNAPSHOT
               TABLE 126 OIL CONDITION MONITORING MARKET IN APAC, BY VERTICAL, – (USD MILLION)
               TABLE 127 OIL CONDITION MONITORING MARKET IN APAC, BY VERTICAL, – (USD MILLION)
               TABLE 128 OIL CONDITION MONITORING MARKET IN APAC, BY COUNTRY, – (USD MILLION)
               TABLE 129 OIL CONDITION MONITORING MARKET IN APAC, BY COUNTRY,  – (USD MILLION)
             12.4.1 CHINA
                       12.4.1.1 China to witness rapid growth in global oil condition monitoring market due to industrialization
            TABLE 130 OIL CONDITION MONITORING MARKET IN CHINA, BY VERTICAL, – (USD MILLION)
                                   TABLE 131 OIL CONDITION MONITORING MARKET IN CHINA, BY VERTICAL, – (USD MILLION)
             12.4.2 JAPAN
                       12.4.2.1 Notable growth in automotive industry to boost oil condition monitoring market in Japan
                                   TABLE 132 OIL CONDITION MONITORING MARKET IN JAPAN, BY VERTICAL, – (USD MILLION)
                                   TABLE 133 OIL CONDITION MONITORING MARKET IN JAPAN, BY VERTICAL, – (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Expanding manufacturing industries and government initiatives for renewable power development to drive market growth
                                   TABLE 134 OIL CONDITION MONITORING MARKET IN INDIA, BY VERTICAL, – (USD THOUSAND)
                                   TABLE 135 OIL CONDITION MONITORING MARKET IN INDIA, BY VERTICAL,  – (USD THOUSAND)
             12.4.4 REST OF APAC
                       TABLE 136 OIL CONDITION MONITORING MARKET IN REST OF APAC, BY VERTICAL,  – (USD MILLION)
                       TABLE 137 OIL CONDITION MONITORING MARKET IN REST OF APAC, BY VERTICAL,  – (USD MILLION)
     12.5 REST OF THE WORLD
               TABLE 138 OIL CONDITION MONITORING MARKET IN REST OF WORLD, BY VERTICAL,  – (USD MILLION)
               TABLE 139 OIL CONDITION MONITORING MARKET IN REST OF WORLD, BY VERTICAL,  – (USD MILLION)
               TABLE 140 OIL CONDITION MONITORING MARKET IN ROW, BY REGION, – (USD MILLION)
               TABLE 141 OIL CONDITION MONITORING MARKET IN ROW, BY REGION, – (USD MILLION)
             12.5.1 MIDDLE EAST & AFRICA
                       12.5.1.1 Middle East & Africa to witness increasing demand for oil condition monitoring during forecast period
                                   TABLE 142 OIL CONDITION MONITORING MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,  – (USD MILLION)
                                   TABLE 143 OIL CONDITION MONITORING MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,  – (USD MILLION)
             12.5.2 SOUTH AMERICA
                       12.5.2.1 Implementation of oil condition monitoring in automotive, infrastructure, oil & gas, chemicals, and mining industries to drive market growth
                                   TABLE 144 OIL CONDITION MONITORING MARKET IN SOUTH AMERICA, BY VERTICAL,  – (USD MILLION)
                                   TABLE 145 OIL CONDITION MONITORING MARKET IN SOUTH AMERICA, BY VERTICAL,  – (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 163)
     13.1 INTRODUCTION
     13.2 MARKET EVALUATION FRAMEWORK
               TABLE 146 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN OIL CONDITION MONITORING MARKET
             13.2.1 PRODUCT PORTFOLIO
             13.2.2 REGIONAL FOCUS
             13.2.3 MANUFACTURING FOOTPRINT
             13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     13.3 MARKET SHARE ANALYSIS,
               TABLE 147 DEGREE OF COMPETITION
     13.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS IN OIL CONDITION MONITORING MARKET
               FIGURE 38 FIVE-YEAR REVENUE ANALYSIS OF TOP MARKET PLAYERS IN OIL CONDITION MONITORING MARKET
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 PERVASIVE
             13.5.3 EMERGING LEADER
             13.5.4 PARTICIPANT
                       FIGURE 39 OIL CONDITION MONITORING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT,
     13.6 STARTUP/SME EVALUATION QUADRANT
             13.6.1 PROGRESSIVE COMPANY
             13.6.2 RESPONSIVE COMPANY
             13.6.3 DYNAMIC COMPANY
             13.6.4 STARTING BLOCK
                       FIGURE 40 OIL CONDITION MONITORING MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT,
     13.7 COMPANY PRODUCT FOOTPRINT
               TABLE 148 COMPANY PRODUCT FOOTPRINT
               TABLE 149 COMPANY PRODUCT FOOTPRINT
               TABLE 150 COMPANY VERTICAL FOOTPRINT
               TABLE 151 COMPANY REGIONAL FOOTPRINT
     13.8 COMPETITIVE SITUATIONS & TRENDS
             13.8.1 PRODUCT LAUNCHES
                       TABLE 152 PRODUCT LAUNCHES (–)
             13.8.2 DEALS
                       TABLE 153 DEALS (–)

14 COMPANY PROFILES (Page No. - 183)
     14.1 KEY PLAYERS
(Business overview, Products/Solutions offered, Recent Developments, COVID-19-related developments, MNM view)*
             14.1.1 PARKER-HANNIFIN CORPORATION
                       TABLE 154 PARKER-HANNIFIN CORPORATION: BUSINESS OVERVIEW
                       FIGURE 41 PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT
             14.1.2 GENERAL ELECTRIC COMPANY
                       TABLE 155 GENERAL ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 42 GENERAL ELECTRIC: COMPANY SNAPSHOT
             14.1.3 ROYAL DUTCH SHELL PLC
                       TABLE 156 ROYAL DUTCH SHELL PLC: BUSINESS OVERVIEW
                       FIGURE 43 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
             14.1.4 BP PLC
                       TABLE 157 BP PLC: BUSINESS OVERVIEW
                       FIGURE 44 BP PLC: COMPANY SNAPSHOT
             14.1.5 CHEVRON CORPORATION
                       TABLE 158 CHEVRON CORPORATION: BUSINESS OVERVIEW
                       FIGURE 45 CHEVRON CORPORATION: COMPANY SNAPSHOT
             14.1.6 INTERTEK GROUP PLC
                       TABLE 159 INTERTEK GROUP PLC: BUSINESS OVERVIEW
                       FIGURE 46 INTERTEK GROUP PLC: COMPANY SNAPSHOT
             14.1.7 SGS SA
                       TABLE 160 SGS SA: BUSINESS OVERVIEW
                       FIGURE 47 SGS SA: COMPANY SNAPSHOT
             14.1.8 BUREAU VERITAS
                       TABLE 161 BUREAU VERITAS: BUSINESS OVERVIEW
                       FIGURE 48 BUREAU VERITAS: COMPANY SNAPSHOT
             14.1.9 EATON CORPORATION PLC
                       TABLE 162 EATON CORPORATION PLC: BUSINESS OVERVIEW
                       FIGURE 49 EATON CORPORATION PLC: COMPANY SNAPSHOT
             14.1.10 TOTAL SE (TOTALENERGIES SE)
                       TABLE 163 TOTAL SE: BUSINESS OVERVIEW
                       FIGURE 50 TOTAL SE: COMPANY SNAPSHOT
     14.2 RIGHT TO WIN
     14.3 OTHER COMPANIES
             14.3.1 UNIMARINE PTE. LTD.
             14.3.2 HYDAC INTERNATIONAL
             14.3.3 TAN DELTA SYSTEMS
             14.3.4 MONITION LTD.
             14.3.5 VERITAS PETROLEUM SERVICES (VPS) BV
             14.3.6 SPECTRO ANALYTICAL INSTRUMENTS GMBH
             14.3.7 DELTA SERVICES INDUSTRIES (DSI)
             14.3.8 AVENISENSE SA
             14.3.9 MICROMEM APPLIED SENSOR TECHNOLOGIES INC. (MAST)
             14.3.10 GILL SENSORS & CONTROLS LIMITED
             14.3.11 POSEIDON SYSTEMS, LLC
             14.3.12 CM TECHNOLOGIES GMBH
             14.3.13 SPECIAL OILFIELD SERVICES CO. LLC
             14.3.14 DES-CASE CORPORATION
             14.3.15 INSIGHT SERVICES INC.

*Details on Business overview, Products/Solutions offered, Recent Developments, COVID-19-related developments, MNM view might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 234)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

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