Oil Condition Monitoring Report 2026 – Market Share Analysis, Industry Trends & Statistics, Growth Forecasts
The global oil condition monitoring market is projected to grow, driven by the adoption of predictive maintenance, industrial IoT, and the need to reduce downtime in manufacturing, mining, and power generation.
Chicago, Feb. 09, 2026 (GLOBE NEWSWIRE) — According to recent data from Astute Analytica, the global oil condition monitoring market was valued at US$ 914.4 million in 2023 and is projected to reach a market size of US$ 1,591.3 million by 2032 at a CAGR of 6.35% during the forecast period 2024–2032.
The demand for oil condition monitoring (OCM) is rising steadily due to its crucial role in assessing the health and quality of machine oil—an essential factor for ensuring the…
