The energy industry is a highly critical and depends on the continuous production of products. Any failure in its production can severely affect the customers’ businesses. Most of customers included are either large manufacturing industries, government organizations, or utilities. Hence, processes and technologies used in the energy industry need to be highly reliable. Several energy industries utilize fluids and rotating carrying equipment such as lubrication systems, hydraulic systems, gear oil systems, and other process systems. These systems have critical modules or machine parts that need to be handled with care to prevent malfunctions or breakdowns. A significant amount of resources and capital is invested to check and maintain the rotating components as every shut down leads to production losses, thus effecting the company’s revenues. Therefore, efficient analysis of lubrication oil is needed for efficient production and avoid any operational failures due to the malfunctioning and wear and tear moving parts. Lubrication oil is reduces friction between various rotating parts. Traditionally, maintenance professionals monitored the oil monitoring, analyzed the rotating equipment, and sent regular reports regularly. They detected unusual behavior in and wear & tear of the system caused due to contamination of oil by dirt and foreign objects. Although defect is being detected but by that time the damage is already being done. Lube oil analysis management system digitally monitors the system to prevent failures.
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Growing digitization within industries to efficiently
monitor critical systems and reduce production and downtime losses is a key
driver of the global lube oil analysis management system market. Also as
energy sector installations are becoming lighter and smaller The machine parts
being installed are becoming smaller and lighter, in order to become more
energy efficient. Demand for lube oil analysis management system is expected to
rise owing to better efficiency and precision, also with smaller dimension,
demand of oil purity used for lubrication is increasing. Lube oil analysis
management systems also help analyze various oil parameters such as
temperature, moisture, and wear particle. This helps in keeping in check on the
contamination in oil, thereby increasing oil purity. Demand for lube oil
analysis management system is likely to increase during the forecast period.
Lube oil analysis management systems use predictive maintenance strategy to
efficiently monitor in remote and dangerous locations and prevent high plant
shutdown costs.
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