The global dissolved gas analyzer market has developed radically over the past few years. The rise in the utility of power transformers and the increasing investment for the development of industrial infrastructure are the main reason for the growth of this market.
According to a research report published by Transparency Market Research (TMR), the global market for dissolved gas analyzers stood at a value of US$277.0 million in 2013. At present, the market is witnessing extensive demand for dissolved gas analysis (DGA) monitoring, due to which analysts expect the dissolved gas analyzer market to develop at an impressive CAGR of 11.7% during the period from 2014 to 2020, and reach a market value of US$538.3 million by 2020.
OELCHECK, EMH Energy-Messtechnik, Qualitrol, LumaSense Technologies, Weidmann, Sieyuan Electric, ABB, General Electric, Morgan Schaffer, SD Myers, Doble Engineering, Hiden, and GATRON are the major players operating in the global gas analyzer market.
Browse Market Research Report of Dissolved Gas Analyzer:
Recently, Doble Engineering announced the release of a new dissolved gas analyzer for power transformers, named Delphi Portable. This new device is quick, precise, and reliable, and is the latest member of the Doble Delphi product line, offering an in-depth data analysis of dissolved gases, assisting the standard Delphi, an online monitor.
Other than this, in June 2014, Hiden introduced the membrane inlet mass spectrometers (MIMS) series equipped with dissolved gas analysis capabilities. The new series features an extended array of interfaces styled as flow-through cuvette and submersible insertion probes, specially designed for measuring dissolved gases and vapors in aqueous solutions.
With these and other launches on the horizon, the future of the worldwide dissolved gas analyzer market looks bright. Here, we discuss some major existing and upcoming trends in this global industry:
- In 2013, the market for the vacuum extraction method led the global dissolved gas analyzer market based on extraction types. In the coming years, this market is expected to maintain its dominance on account of its wide employment. The ease of its usage, low maintenance cost, and lack of extensive information about other extraction methods among customers are the main reason for its current and future development.
- The laboratory services market contributed 39.2% of the overall dissolved gas analyzer market by analysis type in 2013. The rising application of process analytics in order to monitor complex as well as multiple gas formations in high-voltage power transformers is expected to fuel the demand from the laboratory services market in the near future.
- Among the dissolved gas analyzer market segments by power ratings, 100-500 MVA power transformers led the global market in 2013. Their low maintenance cost and infrastructural requirements compared to high-voltage power transformers are the main reasons for the ongoing development of this market segment. This trend is expected to continue in the future.
Browse Press Release of Dissolved Gas Analyzer Market:
Asia Pacific, among all the regions, has led the global dissolved gas analyzer market so far. In 2013, the regional market held a 35% share in the overall industry. Additionally, the market is expected to maintain its leading position in the coming years on account of the rising penetration of inexpensive, portable dissolved gas analyzers in India, China, and South Korea, eventually contributing significantly to the growth of the market in the global arena.