Oil Conditioning Monitoring Market Types and Applications, Industry Drivers, Future Demand, Challenges, Top Companies & Forecast 2028

The global Oil Conditioning Monitoring Market is expected to grow from US$ 982.96 million in 2021 to US$ 1,572.93 million by 2028; it is estimated to grow at a CAGR of 6.9% during 2021-2028.

Hundreds of oil samples are analyzed every day by specialist service laboratories and large plant operators for a variety of constituents to detect component wear and the presence of foreign materials that may accelerate wear. The study of lubricating oils in use helps in lowering operating costs, reducing downtimes, increasing plant and equipment lives, and making effective maintenance plans. Lubricating oil analysis is also being used to check the condition of engines and other machinery. It is used to lubricate most lubricated mechanical systems, such as engines, gear gearboxes, hydraulics, and the like, and has a wide range of applications in industries such as construction, power production, and transportation, including aircraft, fleet operations, and public transit.

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Analysis of the Top Market Players:

1. CM Technologies GmbH,
2. Des-Case,
3. Hydac Technology Limited
4. Intertek Group Plc.
5. Poseidon Systems
6. Rheonics Group
7. SGS SA
8. Special Oilfield Services Co. LLC
9. TAN Delta Systems Limited
10. Veritas Petroleum Services.

In this report, the market has been segmented on the basis of:

Sampling (On-Site and Off-Site)
Sensor Type (Oil Quality Sensors, Metallic Particle Sensors, and Density/Viscosity Sensors)
Product ( Turbines, Compressors, Engines, Gear Systems, and Hydraulic Systems)
Measurement (Temperature, Pressure, Density, Viscosity, Dielectric, TAN/TBN, Water Dilution, Fuel Dilution, Soot, and Wear Particles)
Industry (Transportation, Industrial, Oil & Gas, Energy & Power, and Mining)

In addition, under fault circumstances, many additional changes may occur in oils, such as dilution by fuels or contamination by water or anti-freeze. For example, oxidation can cause changes in lubricant characteristics such as viscosity, resulting in faster wear rates. Because elemental analysis cannot identify all these processes, a combination of physical and chemical measuring techniques is required for complete condition monitoring, although elemental analysis has emerged as the most important instrument for wear detection. As a result, efficient oil monitoring aids in the provision of cost-effective services in a variety of industrial surroundings.

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The oil conditioning monitoring market is segmented on the bases of sampling, sensors type, product, measurement, industry, and geography. Based on sampling, the global oil conditioning monitoring market is segmented into on-site and off-site. In 2020, the off-site segment led the oil conditioning monitoring segment accounted for a larger share in the market. Based on sensor type, the oil conditioning monitoring market is segmented into oil quality sensors, metallic particle sensors, and density/viscosity sensors. In 2020, the oil quality sensor segment led the oil conditioning monitoring segment accounted for a larger share in the market. Based on product, the oil conditioning monitoring market is segmented into turbines, compressors, engines, gear systems, and hydraulic systems. In 2020, the turbines segment led the oil conditioning monitoring segment accounted for a larger share in the market.

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