Le Lézard
Classified in: Oil industry
Subject: SVY

Global $850 Mn Oil Condition Monitoring Market to 2023



DUBLIN, October 2, 2017 /PRNewswire/ --

The "Oil Condition Monitoring Market by Sampling Type, Product Type, Measurement Type, Industry, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

Research and Markets Logo

The oil condition monitoring market is expected to be valued at USD 850.1 Million by 2023, growing at a CAGR of 9.1% between 2017 and 2023.

The growth of this market is driven by factors such as increasing demand for cost-effective solutions, growing need for time optimization, and increasing demand for electricity that drives the need for continuous oil monitoring in turbines. Companies are constantly looking for various economical ways to minimize the cost of oil condition monitoring.

With the development of cost-effective on-site technologies such as portable kits, oil condition monitoring sensors, and on-site laboratories, the companies now have an economical option for meeting the oil condition monitoring needs of their customers. On-site oil condition monitoring has helped manufacturers to significantly enhance their productivity, efficiency, and profitability with regard to predictive maintenance.

This report segments the oil condition monitoring market on the basis of sampling type, measurement type, product type, industry, and region. The market for on-site sampling type is expected to grow at a high CAGR between 2017 and 2023. This growth can be attributed to the increasing demand for time and cost optimized oil condition monitoring solutions within the industries.

The key players in this market include Bureau Veritas SA (France), Intertek Group plc (UK), Parker Hannifin Corporation (US), Castrol Limited (UK), General Electric Company (US), TestOil (Insight Services, Inc.) (US), and Spectro Analytical Instruments GmbH (Germany).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Market Analysis, By Sampling Type

7 Market Analysis, By Product Types

8 Market Analysis, By Measurement Types

9 Market Analysis, By Industry

10 Market Analysis, By Geography

11 Competitive Landscape

12 Company Analysis

For more information about this report visit https://www.researchandmarkets.com/research/xscrw8/oil_condition

About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets


These press releases may also interest you

at 10:48
It would be a big mistake for PennEast to think the conditional approval it received from Federal Energy Regulatory Commission (FERC) means their pipeline will be built, said New Jersey Conservation Foundation (NJ Conservation) and other opponents of...

at 10:00
Southern Company announced today that lineworkers and support staff from each of Southern Company's four electric operating companies ? Alabama Power, Georgia Power, Gulf Power and Mississippi Power ? will be deployed to Puerto Rico. Personnel are...

19 jan 2018
Manitok Energy Inc. ("Manitok" or the "Corporation") provides the following update of corporate activities related to various corporate matters and its proposed restructuring plan. Under certain Collateralized Exchange Listed NotesTM ("CEL Notes")...

19 jan 2018
Source Energy Services Ltd. ("Source" or the "Company") is pleased to announce that it has filed with the applicable Canadian securities regulatory authorities updated National Instrument 43-101 ? Standards of Disclosure for Mineral Projects ("NI...

19 jan 2018
Exito Energy II Inc. ("Exito") and Good Life Networks Inc. ("GLN") announce that GLN has completed the previously announced private placement (the "Offering") of 141,321,044 subscription receipts of GLN ("Subscription Receipts") at a price of...

19 jan 2018
Western Gas Partners, LP announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.920 per unit for the fourth quarter of 2017, marking a full-year 2017 distribution increase of 7-percent over...




News published on 2 october 2017 at 16:00 and distributed by: