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Dissolved Gas Analyzer Market Trends

Report ID: GMI9800
Published Date: Jun 2024
Report Format: PDF

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Dissolved Gas Analyzer Market Trends

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.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Dissolved gas analyzer industry size was USD 406 million in 2023 and will grow at 3% CAGR between 2024 and 2032 due to rising demand for reliable and efficient power transformers, coupled with stringent regulatory standards and the need for early detection of transformer faults.

Dissolved gas analyzer industry size from the chemical segment will witness 4% CAGR through 2032, driven by its critical need for continuous monitoring and maintaining equipment integrity.

North America dissolved gas analyzer market witnessed a significant growth rate of over 3.5% during 2024 to 2032, attributed to region's significant investments in grid modernization and renewable energy projects, advanced power infrastructure and stringent regulatory standards.

Key players operating in the dissolved gas analyzer industry are ABB Ltd., Doble Engineering Company, General Electric (GE) Grid Solutions, LumaSense Technologies, Inc. (now part of Advanced Energy), Qualitrol Company LLC, Siemens AG, and Weidmann Electrical Technology AG, among others.