Oil condition monitoring is the analysis of oil properties to determine its sustainability, contamination, and wear debris. Oil condition monitoring helps to understand and diagnose the health of a machinery. This testing helps the clients avoid costly machinery, engine and power-train failures with predictive maintenance and timely oil quality analysis."

Visionary leaders are the leading players in the market having a robust service portfolio, a strong market presence, and also effective business strategies. These players have a broad product portfolio which enables to serve most of the regions all over the world. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Dynamic differentiators are established vendors with very strong business strategies. However, they have a limited product portfolio compared with visionary leaders. They focus on a specific type of technology related to the product.

Innovators demonstrate substantial product innovations compared with their competitors. They may have a strong product portfolio; however, they have limited growth strategies for their overall business.

Emerging companies have niche product offerings and are starting to gain their foothold in the market. They have limited business strategies compared with other established vendors.