Home > Industrial Machinery > Industrial Equipment > Dissolved Gas Analyzer Market
Dissolved Gas Analyzer Market was valued at USD 406 million in 2023 and is set to grow at a CAGR of over 3% between 2024 and 2032. Systems for detecting and analysing gases dissolved in transformer oil are the focus of the dissolved gas analyzer (DGA) industry since these tools are essential for evaluating the state and health of power transformers. Utilities and industrial facilities depend more on DGAs to maintain grid stability, optimize maintenance schedules, and prevent transformer failures because of the aging global power infrastructure.
Tight safety requirements, the demand for predictive maintenance solutions, and rising awareness of the value of transformer health monitoring are some of the factors propelling the market's expansion. Technological developments in sensors, like gas chromatography and photoacoustic spectroscopy, improve DGA sensitivity and accuracy, which drives market growth. Although obstacles like expensive initial investments and problems with DGA systems' compatibility with current infrastructure could prevent the market from expanding. However, as utilities and other industries place a higher priority on proactive asset management techniques to reduce downtime and increase operational efficiency, the market is predicted to keep expanding.
Report Attribute | Details |
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Base Year: | 2023 |
Dissolved Gas Analyzer Market Size in 2023: | USD 406 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 3% |
2032 Value Projection: | USD 535 Million |
Historical Data for: | 2021 – 2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 305 |
Segments covered: | Type, extraction type, power rating, end use industry, and region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The term aging power infrastructure describes how electrical systems such as substations, transmission lines, and transformers gradually deteriorate over time because of repeated use and exposure to the elements. Transformers are essential parts of power distribution networks and are especially prone to aging because of the constant loads and circumstances they operate under. Transformer insulation deteriorates with age, raising the possibility of malfunctions and breakdowns.
The large upfront expenditures involved in the purchase and implementation of dissolved gas analyzer (DGA) systems are referred to as the high initial investment. These charges cover the cost of the DGA equipment itself as well as the price of installation, calibration, training, and infrastructure integration. Additionally, there can be extra expenses for software licenses, maintenance contracts, and continuing support services, depending on the scope of the deployment and the needs of the program.
The growing emphasis in the power industry on maintaining and monitoring the condition of electrical transformers is driving the growth of the dissolved gas analyzer (DGA) market. Adoption of multi-gas DGA systems, which provide comprehensive analysis by detecting many gases simultaneously and improving diagnostic accuracy, is one of the key trends. Real-time monitoring and predictive maintenance are made possible by the combination of AI and IoT technologies, which lowers operating costs and downtime.
The demand for improved DGA systems is also being driven by strict standards and regulations pertaining to transformer dependability and safety. Asia-Pacific is becoming a major market because of the region's rapid industrialization and growing electricity infrastructure. Overall, the market is expanding due to technological advances and the pressing demand for dependable electricity transmission.
Based on type, the market is divided into multi gas analyzers, portable analyzers, online analyzers. The multi gas analyzers segment is expected to register a CAGR of over 2% during 2024 to 2032.
Based on end use industry, the market is divided into chemical, energy & power, mining, oil & gas, pulp & paper, others. The chemical segment dominated the dissolved gas analyzer market with a CAGR over 4% up to 2032.
North America dissolved gas analyzer market witnessed growth rate of over 3.5% during 2024 to 2032, fuelled by strict safety laws, aging electrical infrastructure, and an increasing focus on grid dependability. Strong demand for DGA systems is created by the region's vast network of industrial facilities and electrical utilities as well as a high level of technological innovation. In addition, the utility industry in the region is increasingly implementing predictive maintenance plans, which increases the demand for sophisticated monitoring tools like DGAs to evaluate transformer health and avert expensive downtime.
The developed industrial landscape and significant R&D spending in North America support the ongoing advancement of DGA technology and propel market expansion. However, constraints including the substantial upfront costs associated with DGA systems and incompatibilities with current infrastructure could impede the entry of new competitors into the market, especially for industrial and smaller utilities. Nevertheless, due to its emphasis on grid modernization and reliability improvement, North America continues to be a crucial location for the growth of the DGA market.
The US dissolved gas analyzer market is driven by the need for reliable transformer monitoring in its extensive power grid. Advanced infrastructure, significant investments in smart grid technologies, and a focus on maintaining power reliability and safety contribute to the market's growth.
Japan's focus on advanced manufacturing and technical innovation helps to support the country's DGA sector. The nation is investing in smart grid and renewable energy initiatives, and this, together with its focus on maintaining a resilient energy infrastructure, is driving demand for dissolved gas analyzers for effective transformer maintenance and monitoring.
The dissolved gas analyzer market in South Korea is bolstered by the country's swift industrialization and resilient power generation industry. Dissolved gas analyzers are becoming more and more necessary to guarantee energy security and dependable transformer operation as a result of government initiatives to update electrical infrastructure and investments in smart grid technologies and renewable energy sources.
ABB Ltd. and Siemens AG holds a significant share of over 19% in the dissolved gas analyzer industry. ABB Ltd. offers DGA products that are essential for transformer diagnostics and monitoring, assisting utilities and commercial clients in guaranteeing the dependability and durability of their power transformers. Because of its dedication to quality and innovation, ABB is recognized as a leading supplier of DGA systems, helping clients all over the world benefit from higher power system performance and lower maintenance costs.
Siemens AG is a prominent player in the dissolved gas analyzer (DGA) market, offering advanced solutions for the monitoring and maintenance of power transformers. Siemens' DGA solutions are renowned for their accuracy, dependability, and state of the art technology, which enables early fault identification and real-time diagnostics. These features aid businesses and utilities in extending the longevity, dependability, and efficiency of their electrical assets.
Major players operating in the dissolved gas analyzer industry are:
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Market, By Type
Market, By Extraction Type
Market, By Power Rating
Market, By End use industry
The above information is provided for the following regions and countries: