Report Scope & Overview:

Oil Condition Monitoring Market Size was valued at USD 1.17 billion in 2022 and is expected to reach USD 1.93 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030.

Oil conditional monitoring (OCM) detects minor problems within machinery components to catastrophic failures that can result in costly repairs and disrupt production. Therefore, to help customers to prevent the failure of expensive machinery, engine and power train by monitoring the constant development of mechanical lubricants. Providing an important 'early notification' of impending problems, as well as allowing efficient operation of equipment. In simple terms, the main purpose of oil tracking and detection of deterioration is to check that the oil has dropped to a level that no longer performs its function.

Oil Condition Monitoring Market Revenue Analysis

To get more information on Oil Condition Monitoring Market - Request Sample Report



  • A growing emphasis is being placed on lowering maintenance expenses.

  • Increased need for low-cost solutions for preserving the health of machines.


  • Inadequate technological resources for data analysis.

  • Expenses incurred as a result of retrofitting existing systems.



  • Demand from the oil and gas industry has decreased as a result of COVID-19.

  • Difficulties with offline oil sampling.


The Oil Condition Monitoring Market has seen unprecedented growth over the past decade due to increasing market competition. This, in turn, increases the need to monitor the condition of the machine as the most preferred method of forecasting. However, COVID-19 has faced a major crisis in the industry, which has led to the simultaneous collapse of service delivery and demand. The market has been driven by a sharp increase in the Oil Condition Monitoring in the last few years. However, the epidemic has caused a slowdown in market growth. The market is expected to regain its growth momentum as consumer industries begin to recover from the effects of the epidemic.

Based on Product Type, the Oil Condition Monitoring Market is sub divided into Compressor, Turbine, Engine, Hydraulic System and Other.

The Turbine segment is expected to respond with the largest market share of oil conditioning monitoring by 2030. Turbine oil analysis is one of the most commonly used methods of adjustment forecasting technology. Turbines are used in a variety of applications, which require systematic testing in order to function properly. Turbines used in industries such as power generation and transport operate under very high pressure. In addition, there is a need to constantly monitor oil quality to ensure the efficiency of turbines.

Based on Industry Vertical, the Oil Condition Monitoring Market is sub divided into Industrial, Mining, Transportation, Oil & Gas and Power Generation.

Power generation is one of the few emerging industries that is experiencing the rapid adoption of oil conditioning monitoring. The power generating sector employs a variety of machinery, equipment, and components. Appliances such as engines, wind turbines, gearboxes, and compressors operate at high temperatures and pressures, thus reducing the quality of the oil used in the equipment. Monitoring the oil condition helps to identify minor problems inside the equipment before any catastrophic failure.


By Product Type

  • Compressor

  • Turbine

  • Engine

  • Hydraulic System

  • Other

By Sampling Type

  • On-site

  • Off-site

By Industry Vertical

  • Industrial

  • Mining

  • Transportation

  • Oil & Gas

  • Power Generation

Oil Condition Monitoring Market Segmentation Analysis

To Get Customized Report as per your Business Requirement - Request For Customized Report


The North American market is holding a large size and it is estimated that it will continue to do so during the 2023-2030 forecast period. Things like extra focus on the proper use of assets; strict government regulations for the workplace and employee safety; and strict quality control in the oil and gas industries, transportation, and manufacturing drives the need for oil conditioning monitoring systems and solutions in North America.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key player in the  Oil Condition Monitoring Market are General Electric, BP plc, Parker-Hannifin Corporation, Shell plc, Bureau Veritas, Intertek Group plc, Eaton Corporation, Chevron Corporation, SGS SA, TotalEnergies & Other Players

Oil Condition Monitoring Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 1.17 Bn
Market Size by 2030 US$ 1.93 Mn
CAGR CAGR of 6.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Compressor, Turbine, Engine, Hydraulic System, Other)
• By Sampling Type (On-Site, Off-Site)
• By Industry Vertical (Industrial, Mining, Transportation, Oil & Gas, Power Generation)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles General Electric, BP plc, Parker-Hannifin Corporation, Shell plc, Bureau Veritas, Intertek Group plc, Eaton Corporation, Chevron Corporation, SGS SA and TotalEnergies
Key Drivers • A growing emphasis is being placed on lowering maintenance expenses.
• Increased need for low-cost solutions for preserving the health of machines.
Restraints • Inadequate technological resources for data analysis.
• Expenses incurred as a result of retrofitting existing systems.

Frequently Asked Questions

The market value will be expected to reach USD 1.93 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030.

The market has been segmented with respect to product type, sampling type and industry vertical.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Oil Condition Monitoring Market Segmentation, by product type


8.2 Compressor

8.3 Turbine

8.4 Engine

8.5 Hydraulic System

8.6 Other


9. Oil Condition Monitoring Market Segmentation, by sampling type

9.1 Introduction

9.2 On-site

9.3 Off-site


10. Oil Condition Monitoring Market Segmentation, by industry vertical

10.1 Introduction

10.2 Industrial

10.3 Mining

10.4 Transportation

10.5 Oil & Gas

10.6 Power Generation


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America


12.Company Profiles

12.1 Parker-Hannifin Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 General Electric

12.3 BP plc

12.4 Shell plc

12.5 Bureau Veritas

12.6 Intertek Group plc

12.7 Eaton Corporation

12.8 Chevron Corporation

12.9 SGS SA

12.10 TotalEnergies

12.11 Other


13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments



An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Share Page
Start a Conversation

Hi! Click one of our member below to chat on Phone