Global Dissolved Gas Analyzer Market Size, Trends, and Growth Opportunity, By Type (Smoke Alarms, Comprehensive DGA Monitoring, Laboratory Services, Database Software, Early Warning DGA Monitoring, And Portable DGA Devices), Product Type (Portable,Online, Portable, And Laboratory Use), Extraction Type (Headspace Extraction, Vacuum Extraction Or Rack Method, And Stripper Column Method), Power Ratin

Global Dissolved Gas Analyzer Market Size, Trends, and Growth Opportunity, By Type (Smoke Alarms, Comprehensive DGA Monitoring, Laboratory Services, Database Software, Early Warning DGA Monitoring, And Portable DGA Devices), Product Type (Portable,Online, Portable, And Laboratory Use), Extraction Type (Headspace Extraction, Vacuum Extraction Or Rack Method, And Stripper Column Method), Power Rating (100-500 MVA, 501-800 MVA, and 8001-1200 MVA), Gas Type (Single-Gas And Multi-Gas), Technology (Gas Chromatography, Photo Acoustic Spectroscopy, And Others) By Region and forecast till 2030

Global Dissolved Gas Analyzer Market

Global Dissolved Gas Analyzer Market was valued at USD 366.10 million in 2022 and is slated to reach USD 597.45 million by 2030 at a CAGR of 6.31 % from 2023-2030.

Gas concentrations in gas mixes are rapidly and accurately determined by gas analyzers from WITT. Modern sensors and simple controls make it simple to operate gas analyzers, provide accurate analytical results, and guarantee the caliber of your processes. Gas analyzers can be provided independently or integrated into gas mixing systems, depending on the type of application.

Market Drivers

An essential sector that makes a larger contribution to the nation's economic expansion is the construction industry. According to another claim, the government is highly interested in the investment-driven building industry. They enter into agreements with the building industry to build infrastructure for the health, transportation, and educational sectors. When the sickness gets worse, early issue discovery and intervention are possible. The quantity and relative composition of detected gases can be used to categorise emerging issues. Examples of problems include partial discharge activity, arcing, overheating of the dielectric liquid (mineral oil or other), and overheating of paper (cellulosic materials). Many businesses have recently introduced their most advanced and cutting-edge grid solutions, including transformer monitoring and protection. People are forced to use more electricity inside due to high levels of air pollution, which exacerbates environmental issues by raising greenhouse gas emissions. As transportation and heating become more electrified, household earnings are expected to rise along with the need for air conditioning and digitally connected gadgets. Additionally, one of the main factors contributing to the recent high record for global CO2 emissions from the power sector was the growing electricity demand. There are two distinct paths for electricity demand. Future growth in advanced economies linked to growing digitalization and electrification is significantly slowed by increases in energy efficiency. In developing nations, the electricity demand is being driven up by rising incomes, increased industrial output, and an expanding services sector.

Market Restraints

People are forced to use more electricity inside due to high levels of air pollution, which exacerbates environmental issues by raising greenhouse gas emissions. As transportation and heating become more electrified, household earnings are expected to rise along with the need for air conditioning and digitally connected gadgets. Additionally, one of the main factors contributing to the recent high record for global CO2 emissions from the power sector was the growing electricity demand. There are two distinct paths for electricity demand. Future growth in advanced economies linked to growing digitalization and electrification is significantly slowed by increases in energy efficiency. In developing nations, the electricity demand is being driven up by rising incomes, increased industrial output, and an expanding services sector. One of the major worldwide concerns influencing supply chains in specialized industries is the fight for semiconductors, which is notably disputed by Information and Communications Technology (ICT). The primary reason for the dispute was the Covid-19 pandemic, which halted auto production while soaring global consumption of domestic electronics. The root of the issue, however, existed before the global lockdown. Achieving and sustaining continuous, dependable performance in dissolved gas analyzers vitally depends on the good transformer and DGA equipment design, application, operation, and maintenance. Using DGA has a lot of benefits, but a big drawback is that it's pricey and takes a while to do the test. Numerous other difficulties confront the DGA operator. Complete the operation, it also requires frequent calibration using the system and auxiliary gas, which is highly expensive.
Impact of COVID-19

The market has been significantly impacted by COVID-19. One of the major worldwide concerns influencing supply chains in specialized industries is the fight for semiconductors, which is notably disputed by Information and Communications Technology (ICT). The primary cause of the conflict was the COVID-19 epidemic, which halted auto production while dramatically increasing the global demand for domestic electronics. The root of the issue, however, existed before the global lockdown. When the pandemic lockdown started in 2020, manufacturing abruptly declined as a result of hastily canceled orders and just-in-time methods. The pandemic working conditions increased consumer use of laptop computers, 5G phones, gaming consoles, and other IT gadgets, which in turn drove up demand for silicon chips. A decline in semiconductor demand by the end of 2020 led to a V-shaped recovery for personal computers, mobile devices, vehicles, and wireless communications.

Recent Developments

The remote transformer monitoring system company Camlin Power and SDMyers announced a new partnership in January 2020. The most recent 5- and 9-gas monitoring technologies is now available. This aided the business in increasing its market share in the North American industrial sector.

Market Segmentation

Global Dissolved Gas Analyzer Market is segmented By Type, Product Type, Extraction Type, Power Rating, and Gas Type. By Types such as Smoke Alarms, Early Warning DGA Monitoring, Laboratory Services, Database Software, Comprehensive DGA Monitoring, And Portable DGA Devices. By Product Types such as Online, Portable, And Laboratory Use. By Extraction Types such as Headspace Extraction, Vacuum Extraction Or Rack Method, And Stripper Column Method. By Power Ratings such as 100-500 MVA, 501-800 MVA, and 8001-1200 MVA. By Gas Types such as Single-Gas And Multi-Gas. By Technology such as Gas Chromatography, Photo Acoustic Spectroscopy, And Others.

Regional Analysis

Global Dissolved Gas Analyzer Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the growing use of dissolved gas analyzers in the oil and gas industry, Asia Pacific held the lion's share of the market in 2019. Power transformer installation would increase as a result of the significant growth in infrastructure investments in developing economies like India, Thailand, and Malaysia. Due to the presence of outdated power transformers in the region, the North American and Europe market is also predicted to grow throughout the forecast period. Safe monitoring and precise fault gas detection are required for this deteriorating infrastructure. Due to the region's rapidly growing oil and gas industry, Latin America, the Middle East, and Africa are also anticipated to experience substantial growth.

Key Players

This report includes a list of numerous Key Players, namely Advanced Energy Industries, Inc., Qualitrol Company LLC, Siemens, SDMyers, Vaisala, Weidmann Electrical Technology AG, Camlin Ltd, Hitachi Energy Ltd., SRI Instruments, MM Tech, HV Hipot Electric, MTE Meter Test Equipment AG.

Market Taxonomy  

By Type
• Smoke Alarms
• Early Warning DGA Monitoring
• Comprehensive DGA Monitoring
• Laboratory Services
• Database Software
• Portable DGA Devices

By Gas Type
• Single Gas
• Multi-Gas

By Technology
• Gas Chromatography
• Photo Acoustic Spectroscopy
• Others

By Product Type
• Online
• Portable
• Laboratory Use

By Extraction Type
• Vacuum Extraction Or Rack Method
• Headspace Extraction
• Stripper Column Method

By Power Rating
• 100 - 500 MVA
• 501-800 MVA
• 801-1200 MVA

 By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.