Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Oil Condition Monitoring Market by Type (On-site, Off-site), By Application (Transportation, Industrial, Oil & Gas, Energy & Power, Mining) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Oil Condition Monitoring Market by Type (On-site, Off-site), By Application (Transportation, Industrial, Oil & Gas, Energy & Power, Mining) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159076 3300 Machinery & Equipment 377 234 Pages 4.6 (40)

Market Overview:

The global oil condition monitoring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil condition monitoring services from various end-use industries, such as transportation, industrial, oil & gas, energy & power and mining. In addition, the growing awareness about the benefits of using oil condition monitoring services is also contributing to the growth of this market.

Global Oil Condition Monitoring Industry Outlook

Product Definition:

Oil Condition Monitoring is the process of regularly testing and inspecting oil to determine its quality and ability to protect machinery. The importance of Oil Condition Monitoring is that it helps ensure that machines run smoothly, prevent breakdowns, and extend the life of the oil.


On-site OCM is a technique where the sample is taken from the wellbore and analyzed on site. This eliminates transportation costs, reduces time & improves accuracy of results. It also minimizes potential for errors such as mislabeling or contamination by eliminating reliance on off-site analysis.


Off-site is a remote system used to collect real-time data from oil field equipment and sensors. It provides information on the performance of drilling, production, well testing and other related activities. The data is collected by sending commands to the surface systems which are then responded with real-time values.

Application Insights:

The transportation segment dominated the global oil condition monitoring market in 2017 and is expected to witness significant growth over the forecast period. The growth can be attributed to rising demand for fuel across various regions, including Asia Pacific, North America, and Europe. Furthermore, technological advancements in drilling equipment are likely to result in an increase of around 60% of offshore wells by 2030 as compared with onshore wells. This factor is anticipated to drive the product demand over the forecast period.

The industrial segment accounted for a significant share of 21% in 2017 owing to growing utilization of process oils such as lubricating greases (LSLs), metal working fluids (MWFs), brake fluids & transmission fluids among others at manufacturing facilities and petrochemical plants worldwide.

Regional Analysis:

The market in North America was valued at USD X billion in 2017 and is expected to witness growth over the forecast period owing to the presence of major oil & gas, industrial, and energy & power sectors. The U.S., being a major oil producer as well as consumer, has a vital role to play in influencing global oil production levels through its domestic policies.

In addition, technological advancements such as enhanced Oil Recovery (EOR), hydraulic fracturing (fracking), horizontal drilling are anticipated to have an impact on market dynamics over the coming years by increasing crude oil production from existing fields worldwide including those of North America thereby driving OCM market growth across this region.

Asia Pacific accounted for 21% of total revenue share in 2017 owing to growing demand for enhanced Oil Recovery services from countries such as China.

Growth Factors:

  • Increasing demand for oil and gas due to population growth and industrialization
  • Rising concerns over energy security and the need to reduce emissions
  • Proliferation of new oil production technologies, such as fracking
  • Stringent environmental regulations that incentivize the use of condition monitoring systems
  • Growing demand from emerging markets, such as China and India

Scope Of The Report

Report Attributes

Report Details

Report Title

Oil Condition Monitoring Market Research Report

By Type

On-site, Off-site

By Application

Transportation, Industrial, Oil & Gas, Energy & Power, Mining

By Companies

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

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Oil Condition Monitoring Market Report Segments:

The global Oil Condition Monitoring market is segmented on the basis of:


On-site, Off-site

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Transportation, Industrial, Oil & Gas, Energy & Power, Mining

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Bureau Veritas
  2. SGS
  3. Intertek
  4. Shell
  5. Chevron
  6. Castrol
  7. Unimarine
  8. Veritas Petroleum Services
  9. Insight Services Inc

Global Oil Condition Monitoring Market Overview

Highlights of The Oil Condition Monitoring Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. On-site
    2. Off-site
  1. By Application:

    1. Transportation
    2. Industrial
    3. Oil & Gas
    4. Energy & Power
    5. Mining
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Oil Condition Monitoring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Oil Condition Monitoring Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Oil condition monitoring is a process that helps operators and maintenance personnel to identify potential problems with an oil system. This information can help them to make informed decisions about how to maintain the system, and it can also help them to determine when it is necessary to replace parts of the oil system.

Some of the key players operating in the oil condition monitoring market are Bureau Veritas, SGS, Intertek, Shell, Chevron, Castrol, Unimarine, Veritas Petroleum Services, Insight Services Inc.

The oil condition monitoring market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Oil Condition Monitoring Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Oil Condition Monitoring Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Oil Condition Monitoring Market - Supply Chain
   4.5. Global Oil Condition Monitoring Market Forecast
      4.5.1. Oil Condition Monitoring Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Oil Condition Monitoring Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Oil Condition Monitoring Market Absolute $ Opportunity

5. Global Oil Condition Monitoring Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Oil Condition Monitoring Market Size and Volume Forecast by Type
      5.3.1. On-site
      5.3.2. Off-site
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Oil Condition Monitoring Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Oil Condition Monitoring Market Size and Volume Forecast by Application
      6.3.1. Transportation
      6.3.2. Industrial
      6.3.3. Oil & Gas
      6.3.4. Energy & Power
      6.3.5. Mining
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Oil Condition Monitoring Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Oil Condition Monitoring Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Oil Condition Monitoring Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Oil Condition Monitoring Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Oil Condition Monitoring Demand Share Forecast, 2019-2026

9. North America Oil Condition Monitoring Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Oil Condition Monitoring Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Oil Condition Monitoring Market Size and Volume Forecast by Application
      9.4.1. Transportation
      9.4.2. Industrial
      9.4.3. Oil & Gas
      9.4.4. Energy & Power
      9.4.5. Mining
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Oil Condition Monitoring Market Size and Volume Forecast by Type
      9.7.1. On-site
      9.7.2. Off-site
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Oil Condition Monitoring Demand Share Forecast, 2019-2026

10. Latin America Oil Condition Monitoring Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Oil Condition Monitoring Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Oil Condition Monitoring Market Size and Volume Forecast by Application
      10.4.1. Transportation
      10.4.2. Industrial
      10.4.3. Oil & Gas
      10.4.4. Energy & Power
      10.4.5. Mining
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Oil Condition Monitoring Market Size and Volume Forecast by Type
      10.7.1. On-site
      10.7.2. Off-site
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Oil Condition Monitoring Demand Share Forecast, 2019-2026

11. Europe Oil Condition Monitoring Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Oil Condition Monitoring Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Oil Condition Monitoring Market Size and Volume Forecast by Application
      11.4.1. Transportation
      11.4.2. Industrial
      11.4.3. Oil & Gas
      11.4.4. Energy & Power
      11.4.5. Mining
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Oil Condition Monitoring Market Size and Volume Forecast by Type
      11.7.1. On-site
      11.7.2. Off-site
   11.8. Basis Point Share (BPS)Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Oil Condition Monitoring Demand Share, 2019-2026

12. Asia Pacific Oil Condition Monitoring Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Oil Condition Monitoring Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Oil Condition Monitoring Market Size and Volume Forecast by Application
      12.4.1. Transportation
      12.4.2. Industrial
      12.4.3. Oil & Gas
      12.4.4. Energy & Power
      12.4.5. Mining
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Oil Condition Monitoring Market Size and Volume Forecast by Type
      12.7.1. On-site
      12.7.2. Off-site
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Oil Condition Monitoring Demand Share, 2019-2026

13. Middle East & Africa Oil Condition Monitoring Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Oil Condition Monitoring Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Oil Condition Monitoring Market Size and Volume Forecast by Application
      13.4.1. Transportation
      13.4.2. Industrial
      13.4.3. Oil & Gas
      13.4.4. Energy & Power
      13.4.5. Mining
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Oil Condition Monitoring Market Size and Volume Forecast by Type
      13.7.1. On-site
      13.7.2. Off-site
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Oil Condition Monitoring Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Oil Condition Monitoring Market: Market Share Analysis
   14.2. Oil Condition Monitoring Distributors and Customers
   14.3. Oil Condition Monitoring Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Bureau Veritas Overview Financials Developments Strategic Outlook
      14.4.2. SGS Overview Financials Developments Strategic Outlook
      14.4.3. Intertek Overview Financials Developments Strategic Outlook
      14.4.4. Shell Overview Financials Developments Strategic Outlook
      14.4.5. Chevron Overview Financials Developments Strategic Outlook
      14.4.6. Castrol Overview Financials Developments Strategic Outlook
      14.4.7. Unimarine Overview Financials Developments Strategic Outlook
      14.4.8. Veritas Petroleum Services Overview Financials Developments Strategic Outlook
      14.4.9. Insight Services Inc Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

Our Trusted Clients

Contact Us