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. 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.

INTERTEK GROUP PLC.; SGS SA; HYDAC TECHNOLOGY LIMITED; VERITAS PETROLEUM SERVICES; AND DES-CASE PROMINENT MARKET PARTICIPANTS IN OIL CONDITIONING MONITORING MARKET

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The increasing demand of cost-effective services and rising demand for power generation are the major factors driving the growth of the oil conditioning monitoring market. Oil conditioning monitoring are majorly used for oil quality detection. Countries in various regions, such as Asia Pacific, Europe, North America, Middle East & Africa, and South America, are significantly investing in procuring the most advance and highly capable oil conditioning monitoring. Based on sampling the oil conditioning monitoring market is segmented into on-site and off-site. In 2020, off-site held the maximum market share. Based on measurement the oil conditioning monitoring market is segmented into temperature, pressure, density, viscosity, dielectric, tan/tbn, water dilution, fuel dilution, soot, and wear particles, based on industry the oil conditioning monitoring market is segmented into transportation, industrial, oil & gas, energy & power, and mining.

It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the oil conditioning monitoring market.

The key companies operating in the oil conditioning monitoring market include CM Technologies GmbH, Des-Case, Hydac Technology Limited, Intertek Group Plc., Poseidon Systems, Rheonics Group, SGS SA, Special Oilfield Services Co. LLC, TAN Delta Systems Limited, and Veritas Petroleum Services.

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