The Future of Used Oil Analysis Labs
While there are approximately 200 used oil analysis laboratories (sometimes called “oil condition monitoring” (OCM) labs) in North America alone, with the industry expected to grow to $1.4B by 2026, some believe used oil analysis may be one of those things we never see again, like eight-track tapes and disposable cameras. With the advancement of sensor technology, electrification replacing internal combustion engines, and the trend for in-house oil analysis laboratories, the market may diminish for the traditional, large, commercial OCMs.
