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.
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:
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
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