Dissolved Gas Analyzer Market to Cross over US$500 Million by 2020 Owing High Investments to Improve
Global dissolved gas analyzer market, which stood at US$277.0 mn in 2013, is anticipated to reach US$538.3 mn in 2020
[ClickPress, Tue Aug 06 2019] MRRSE have recently published a report on global dissolved gas analyzer market. This report is compiled with a motive to offer meaningful insights about the overall market dynamic, which then can be used to better the market reach and implement related strategies. As per the report, the global dissolved gas analyzer market is expected to touch a figure worth US$538.3 mn in terms of market valuation by the end of 2020. This is a considerable growth when compared with the initial market valuation of US$277.0 mn reported in 2013.
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Some of the prominent companies in the global dissolved gas analyzer market include names such as EMH Energy-Messtechnik GmbH (Germany), LumaSense Technologies Inc. (US), General Electric (US), Doble Engineering (US), Morgan Schaffer Corporation (Canada), SD Meyers Inc. (US), and Gatron GmbH (Germany) among others. The market for dissolved gas analyzers is expected to be fragmented due to the presence of several key players. The competition in the market is only expected to grow stiff with companies trying to enhance their respective business portfolios by adopting aggressive marketing strategies.
Asia Pacific Region Is Projected To Continue Its Global Dominance
The dissolved gas analyzer market is primarily segmented into four key geographical regions namely Asia Pacific, North America, Europe, and Rest of the World. Back in 2013, the market was led by the Asia-Pacific region. Growing applications of dissolved gas analyzers in large-scale power transformers coupled with increasing adoption of online DGA analysis were the key factors that led to the aforementioned domination of the Asia Pacific region. Furthermore, governments across the Asia Pacific region are now heavily investing to uplift their industrial infrastructure and associated projects. The manufacturers are also investing on enhancing the performance of the power transformers to better the existing power capacity to cope up with the shortage of electricity across developing countries such as China, India, and Indonesia.
Next in line after Asia Pacific is the North America segment. The growth of the marker was primarily driven by the old and aging power transformers and the subsequent need to replace them with new ones. Additionally, detection of leakage and faulty gases in the newly installed power transformers has also been instrumental in driving the demand of the dissolved gas analyzer market in North America. In the coming years of the forecast period, Europe is expected to show a decent growth potential for the growth of the market.
Heavy Investments to Improve Industrial Infrastructure is Driving Market Growth
The global dissolved gas analyzer market is driven by numerous factors. One of the primary reasons behind the development of the market is the growth in investments in the enhancing the industrial infrastructure. In addition to this, due to the increasing environmental and energy concerns across the globe the governments and regulating bodies have put out strict guidelines for the use of power transformers. This is projected to positively influence the growth of the global dissolved gas analyzer market over the course of the given forecast period of 2014 to 2020. One such incident is the Ecodesign regulation passed by the European Commission. It is considerably helping to raise the adoption of dissolved gas analyzers across Europe and consequently helping the growth of the market. Moreover, the growing adoption online dissolved gas analyzers is also playing an important role in driving the growth of the market.
This review is based on the research report published by MRRSE titled “Dissolved Gas Analyzer Market - Global Industry Analysis Size Share Growth Trends and Forecast 2014 – 2020.”
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Dissolved gas analyzer market can be segmented as follows:
- Vacuum extraction or rack method
- Head space extraction
- Stripper column method
- Others (multiple gas extractor)
- Smoke alarms
- Early warning DGA monitoring
- Comprehensive DGA monitoring
- Laboratory services
- Database software
- Portable DGA devices
- 100 MVA - 500 MVA
- 501 MVA - 800 MVA
- 801 MVA - 1200 MVA
- North America
- Asia Pacific
- Middle East
- South America
- Rest of South America
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