Global Oil Fume Monitor Market projected to grow with strict regulations driving market

From GlobeNewswire: 2024-08-12 14:00:00

The Global Oil Fume Monitor Market is projected to grow at a CAGR of 5.6% and hold a significant share by 2033. Strict government regulations mandating their use in commercial and industrial settings to maintain a safe working environment are driving market growth. Lack of awareness hampers market expansion. The desktop segment leads in revenue. Asia Pacific is expected to grow the fastest in the market due to increasing investments in infrastructure. North America is expected to maintain market dominance with industries like oil and gas adopting oil fume monitoring for quality control. Major vendors in the market include Xylem Analytics, Weihai Jingxun Changtong Electronic Technology, and Thermo Fisher Scientific Inc. In June 2024, Shell Lubricants released Shell LubeAnalyst, a comprehensive oil condition monitoring solution. The Global Oil Fume Monitor Market is segmented by type, application, and region, providing detailed insights into market trends and analysis. For more information, visit: https://www.sphericalinsights.com/



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