Market Share of Oil Condition Monitoring Industry
The Oil Condition Monitoring market is moderately fragmented and consists of several major players including General Electric, Royal Dutch Shell PLC, Eaton Corporation Inc. The vendors are enhancing the product line leveraging strategic collaborative initiatives, acquisitions as a competitive advantage to further expand their customer base and gain market share.
- February 2020 - Tan Delta System announced the launch of OQSx-G2, next-generation real-time oil condition monitoring sensor that provides a new level of equipment health sign and operating cost reduced utilizes Tan Delt's enhanced FSH core technology. The sensor is claimed to have a detection sensitivity of 10ppm and works with any oil type.
- September 2019 - Baker Huges subsidiary of GE company announced that its Bently Nevada business launched Orbit 60 Series Platform. This platform collects and processes the data with analytics to determine the health of the machines, It is a cyber-secure machinery monitory system that is SIL 2 and 3 certified making it suitable for an industry standard for safety and performance.
Oil Condition Monitoring Market Leaders
General Electric
Royal Dutch Shell PLC
Eaton Corporation Inc
Parker-Hannifin Corporation
Chevron Corporation
*Disclaimer: Major Players sorted in no particular order
