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

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 18:51
Cequence Energy Ltd. ("Cequence" or the "Company") is pleased to announce that it has disposed of its remaining assets located in north eastern British Columbia effective April 1, 2018, for nominal consideration. Upon...

at 18:25
Apergy Corporation ("Apergy") today announced the pricing of a $300,000,000 offering of senior notes due 2026 (the "Notes"), in connection with the previously announced spin-off of Apergy from Dover Corporation ("Dover").  The Notes will carry an...

at 18:17
Connecticut Water Service, Inc. today confirmed that after it entered into a definitive merger agreement with SJW Group , the Company received a non-binding, unsolicited acquisition proposal from Eversource Energy for $63.50 per share in cash...

at 18:03
Directors of IDACORP, Inc. today declared a common stock dividend of $0.59 per share, payable May 30, 2018 to holders of record at the close of business on May 7, 2018.   View original content with...

at 18:02
For Earth Day 2018, Finger Food and CEO Ryan Peterson are taking a stand. "We can't do business if we don't have a planet to do business on," said Finger Food CEO, Ryan Peterson. Situated in Port Coquitlam, BC, Finger Food is a growing force in the...

at 17:39
Nabors Industries Ltd. invites you to join Anthony G. Petrello, Chairman and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, May 2nd at 10:00 a.m. Central Time for a discussion of operating results for the first...

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