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    Dissolved Gas Analyzer Market

    ID: MRFR/E&P/8707-HCR
    100 Pages
    Chitranshi Jaiswal
    September 2025

    Dissolved Gas Analyzer Market Research Report By Product Type (Offline Dissolved Gas Analyzers, Online Dissolved Gas Analyzers, Portable Dissolved Gas Analyzers), By Application (Power Transmission & Distribution, Oil & Gas, Industrial, Other Applications), By Measurement Parameters (Hydrogen, Carbon Monoxide, Carbon Dioxide, Oxygen, Water Vapor, Total Dissolved Gases, Other Parameters), By Industry End-Use (Utilities, Renewable Energy, Manufacturing, Transportation, Other Industries), By Power Range (Low Voltage, Medium Voltage, Hig...

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    Dissolved Gas Analyzer Market - Forecast till 2032 Infographic
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    Dissolved Gas Analyzer Market Summary

    The global dissolved gas analyzer market is projected to grow from 2.08 USD billion in 2024 to 3.76 USD billion by 2035.

    Key Market Trends & Highlights

    Dissolved Gas Analyzer Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 5.52 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 3.76 USD billion, indicating robust growth.
    • In 2024, the market is valued at 2.08 USD billion, reflecting a strong foundation for future expansion.
    • Growing adoption of dissolved gas analyzers due to increasing demand for predictive maintenance is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.08 (USD Billion)
    2035 Market Size 3.76 (USD Billion)
    CAGR (2025-2035) 5.52%

    Major Players

    General Electric, Eaton, Yokogawa, Emerson, Schneider Electric, Toshiba, AMETEK, Mitsubishi Electric, Itron, Hitachi, Fuji Electric, ABB, Rockwell Automation, Siemens

    Dissolved Gas Analyzer Market Trends

    Key market drivers for dissolved gas analyzers include increasing demand for predictive maintenance in industrial plants, rising concerns about equipment reliability and safety, and stringent environmental regulations mandating the monitoring of dissolved gases in transformer oil. As industries strive to optimize operations and reduce downtime, dissolved gas analyzers gain traction in sectors such as power generation, oil and gas, and manufacturing. Additionally, advancements in sensor technology and data analytics are making dissolved gas analyzers more efficient and accessible.

    Opportunities for growth in the dissolved gas analyzer market lie in expanding applications beyond traditional industries. The deployment of dissolved gas analyzers in renewable energy plants and electric vehicle charging infrastructure presents significant potential. Moreover, the integration of dissolved gas analyzers with IoT platforms and remote monitoring systems creates opportunities for real-time monitoring and data-driven decision-making.

    Recent trends in the dissolved gas analyzer market include the adoption of portable and handheld devices for on-site analysis, the development of online monitoring systems for continuous data collection, and the integration of artificial intelligence and machine learning algorithms for advanced diagnostics and predictive maintenance. These advancements enhance the accuracy, efficiency, and accessibility of dissolved gas analysis, driving market growth.

    The increasing emphasis on monitoring and managing the quality of transformer oils is driving the adoption of dissolved gas analyzers, which are essential for ensuring the reliability and safety of electrical infrastructure.

    U.S. Department of Energy

    Dissolved Gas Analyzer Market Drivers

    Increasing Demand for Power Generation

    The Global Dissolved Gas Analyzer Market Industry experiences heightened demand due to the growing need for reliable power generation. As energy consumption rises globally, utilities are increasingly adopting dissolved gas analyzers to monitor transformer health and prevent failures. This proactive approach not only enhances operational efficiency but also mitigates risks associated with transformer malfunctions. In 2024, the market is projected to reach 2.08 USD Billion, reflecting the industry's commitment to ensuring uninterrupted power supply. The integration of advanced monitoring technologies further supports this trend, as utilities seek to optimize performance and reduce maintenance costs.

    Market Segment Insights

    Dissolved Gas Analyzer Market Product Type Insights  

    Product Type segments the Dissolved Gas Analyzer Market into Offline Dissolved Gas Analyzers, Online Dissolved Gas Analyzers, and Portable Dissolved Gas Analyzers. Among these, the Offline Dissolved Gas Analyzers segment held the largest market share in 2023 and is projected to retain its dominance throughout the forecast period. The growth of this segment is due to an increasing adoption of offline dissolved gas analyzers across industries such as power generation, oil gas, and manufacturing. Online Dissolved Gas Analyzers segment is expected to witness the highest CAGR during the forecast period.

    This is mainly due to the demand for real-time monitoring of dissolved gases in critical applications. Portable dissolved gas analyzers are also gaining traction owing to ease of use and portability, similar to online analyzers. The growth in revenue in the dissolved gas analyzer market is substantiated by a spiraling demand in various industries and cognizance of dissolved gas analyzers for maintaining safety and enhancing the efficiency of critical equipment.

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Dissolved Gas Analyzer Market Application Insights  

    The Application segment of the Dissolved Gas Analyzer Market is categorized into Power Transmission Distribution, Oil  Gas, Industrial, and Other Applications. Among these, the Power Transmission Distribution segment held the largest market share in 2023, accounting for approximately 35% of the Dissolved Gas Analyzer Market revenue. This dominance is attributed to the increasing demand for reliable and efficient power distribution networks, coupled with stringent regulations mandating the use of dissolved gas analyzers to ensure grid stability and safety.

    The Oil  Gas segment is anticipated to exhibit significant growth over the forecast period, owing to the rising need for condition monitoring and predictive maintenance in oil and gas pipelines and refineries. Additionally, the growing adoption of dissolved gas analyzers for corrosion monitoring in industrial settings is expected to drive the growth of the Industrial segment. Other Applications, including chemical processing, pharmaceuticals, and food and beverage industries, are also expected to contribute to the overall market expansion.

    Dissolved Gas Analyzer Market Measurement Parameters Insights  

    The Dissolved Gas Analyzer Market segmentation by Measurement Parameters includes Hydrogen, Carbon Monoxide, Carbon Dioxide, Oxygen, Water Vapor, Total Dissolved Gases, and Other Parameters. In 2023, the Hydrogen segment held the largest share of the market, accounting for approximately 28.3% of the total revenue. The growing demand for hydrogen as a clean and sustainable energy source is expected to drive the growth of this segment in the coming years. The Carbon Monoxide segment is also expected to witness significant growth due to increasing concerns about air pollution and the need to monitor CO levels in various industries.

    The Water Vapor segment is projected to grow steadily, driven by the increasing need for moisture measurement in various applications.

    Dissolved Gas Analyzer Market Industry End-Use Insights  

    Industry End-Use segments the Dissolved Gas Analyzer Market into Utilities, Renewable Energy, Manufacturing, Transportation, and Other Industries. Utilities is the largest segment, accounting for over 34% of the global market in 2023. The demand for dissolved gas analyzers in this segment is driven by the need to monitor the health of power transformers and other electrical equipment. Renewable Energy is the fastest-growing segment, with a CAGR of 6.5% from 2024 to 2032. The growth of this segment is driven by the increasing adoption of renewable energy sources, such as solar and wind power.

    Manufacturing is another significant segment, accounting for over 20% of the global market in 2023. Dissolved gas analyzers are used in various manufacturing industries, such as chemical, petrochemical, and automotive, to monitor the condition of process fluids and equipment. Transportation is a smaller but growing segment, accounting for over 10% of the global market in 2023. The demand for dissolved gas analyzers in this segment is driven by the need to monitor the health of aircraft and other transportation equipment. Other industries, such as healthcare, food and beverage, and mining, use dissolved gas analyzers for various applications.

    Dissolved Gas Analyzer Market Power Range Insights  

    The Dissolved Gas Analyzer Market segmentation by Power Range includes Low Voltage, Medium Voltage, High Voltage, and Extra High Voltage. Among these segments, the High Voltage segment held the largest market share in 2023 and is expected to continue to dominate the market through 2032. The growth of this segment can be attributed to the increasing demand for dissolved gas analyzers in high-voltage power transmission and distribution systems to ensure their reliability and safety.

    The Extra High Voltage segment is also expected to witness significant growth over the forecast period, driven by the increasing adoption of extra high voltage transmission lines for long-distance power transmission.

    Get more detailed insights about Dissolved Gas Analyzer Market - Forecast till 2032

    Regional Insights

    The regional segmentation of the Dissolved Gas Analyzer Market offers valuable insights into the market's geographical distribution and growth potential. North America is anticipated to maintain its dominance, accounting for a significant share of the global revenue in 2024 and beyond. Factors driving growth in this region include the presence of major industry players, advanced infrastructure, and stringent regulations. Europe is another key region with a substantial market share. The growing adoption of Dissolved Gas Analyzers in various industries, coupled with government initiatives promoting energy efficiency, is expected to fuel market expansion in Europe.

    The Asia-Pacific (APAC) region is projected to witness the fastest growth over the forecast period. Rapid industrialization, increasing energy consumption, and rising awareness about asset management are key factors contributing to the market's growth in APAC. South America and the Middle East  Africa (MEA) regions are expected to experience steady growth, driven by expanding industrial sectors and infrastructure development.

    Dissolved Gas Analyzer Market Regional Insights

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review 

    Key Players and Competitive Insights

    Every year, major players in the dissolved gas analyzer market are working to gain a new competitive edge in the industry. Leading Dissolved Gas Analyzer Market players are focused on expanding their product/service offering and their global presence through new classifiers and involvement in different fields, mergers, or customs.

    The major players are competing on the basis of value-added services such as product-specific customer support services and investment in R to develop state-of-the-art Dissolved Gas Analyzer Market analytics. Presently, the wide variety of dissolved gas analyzer product technologies in the industry is driving top players in the market to compete on this basis. Likewise, Dissolved Gas Analyzer product offerings and services have a strong presence in the industry, demonstrating that it has maintained a competitive edge by adopting these strategies.

    One of the biggest players in the Dissolved Gas Analyzer Market is GE. GE Dissolved Gas Analyzer solutions range from portable to online solutions. GE has a vast geographic footprint and is very well known for its thermal and electrical distribution and power generation expertise. This industry position has given GE a meaningful competitive edge because of its extended distribution network, making it easier to reach a broader range of end users. Another reason GE is a recognized player in Dissolved gas analysis equipment and services is its focus on innovation and customer satisfaction.

    Another huge competitor in the Dissolved Gas Analyzer Market is Doble Engineering Company. Doble Devices offers a line of products and services for dissolved gas analyzers. The company's competitive edge in the Dissolved Gas Analyzer Market derives primarily from its focus on providing utility companies and industries with highly accurate and reliable performance. In comparison, Doble products and services consumed early adopters and implemented customers. These had special needs that the company carefully addressed.

    Key Companies in the Dissolved Gas Analyzer Market market include

    Industry Developments

    Recent advancements in dissolved gas analysis (DGA) technologies have significantly impacted the Dissolved Gas Analyzer Market. The integration of advanced sensors and data analytics has enhanced the accuracy and efficiency of DGA devices, leading to increased adoption across various industries. The growing emphasis on predictive maintenance and condition monitoring in power generation, oil and gas, and manufacturing sectors is driving market demand.

    Key developments include the launch of portable and handheld DGA analyzers, enabling real-time monitoring and rapid fault detection. Additionally, the adoption of cloud-based platforms for remote data analysis and condition monitoring is gaining traction. Strategic partnerships and collaborations between market players are also shaping the competitive landscape, with a focus on innovation and expanding market reach.

    Future Outlook

    Dissolved Gas Analyzer Market Future Outlook

    The Global Dissolved Gas Analyzer Market is projected to grow at a 5.52% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for predictive maintenance, and stringent regulatory standards.

    New opportunities lie in:

    • Develop advanced AI-driven analytics for real-time monitoring and predictive maintenance.
    • Expand product offerings to include portable dissolved gas analyzers for field applications.
    • Leverage partnerships with energy companies to enhance market penetration and service offerings.

    By 2035, the market is expected to achieve robust growth, reflecting increased adoption across various industries.

    Market Segmentation

    Dissolved Gas Analyzer Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Dissolved Gas Analyzer Market Application Outlook

    • Hydrogen
    • Carbon Monoxide
    • Carbon Dioxide
    • Oxygen
    • Water Vapor
    • Total Dissolved Gases
    • Other Parameters

    Dissolved Gas Analyzer Market Power Range Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Dissolved Gas Analyzer Market Product Type Outlook

    • Power Transmission Distribution  
    • Oil Gas  
    • Industrial
    • Other Applications

    Dissolved Gas Analyzer Market Industry End-Use Outlook

    • Low Voltage
    • Medium Voltage
    • High Voltage
    • Extra High Voltage

    Dissolved Gas Analyzer Market Measurement Parameters Outlook

    • Utilities
    • Renewable Energy
    • Manufacturing
    • Transportation
    • Other Industries

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 1.88 (USD Billion)
    Market Size 2023 1.98 (USD Billion)
    Market Size 2032 3.2 (USD Billion)
    Compound Annual Growth Rate (CAGR) 5.48% (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled General Electric, Eaton, Yokogawa, Emerson, Schneider Electric, Toshiba, AMETEK, Mitsubishi Electric, Itron, Hitachi, Fuji Electric, ABB, Rockwell Automation, Siemens
    Segments Covered Product Type, Application, Measurement Parameters, Industry End-Use, Power Range, Regional
    Key Market Opportunities Advanced analytics for predictive maintenance Integration with IoT and cloud-based platforms Expansion into emerging markets Growing adoption in the renewable energy sector Miniaturization and portability
    Key Market Dynamics Rising demand for condition monitoring Technological advancements in sensors Growing awareness of oil analysis Increased focus on predictive maintenance Stringent environmental regulations
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the market size of the Dissolved Gas Analyzer Market?

    The Dissolved Gas Analyzer Market is expected to reach a valuation of USD 3.2 billion by 2032, exhibiting a 5.48% CAGR over the forecast period (2024-2032).

    What are the key regions contributing to the growth of the dissolved gas analyzer market?

    North America and Europe are the dominant regions in the Dissolved Gas Analyzer Market, collectively accounting for over 60% of the global market share. Asia Pacific is projected to witness the fastest growth over the forecast period, driven by increasing industrialization and infrastructure development.

    What are the major applications of Dissolved Gas Analyzers?

    Dissolved Gas Analyzers find extensive applications in various industries, including power generation, oil and gas, and manufacturing. They are primarily used for monitoring the health of transformers, circuit breakers, and other electrical equipment.

    Who are the key competitors in the Dissolved Gas Analyzer Market?

    Prominent players in the Dissolved Gas Analyzer Market include: - ABB - Siemens - General Electric - Eaton - Megger - Doble Engineering Company

    What are the factors driving the growth of the Dissolved Gas Analyzer Market?

    The increasing demand for reliable and efficient power transmission and distribution networks, coupled with the growing adoption of condition monitoring technologies, are key factors fueling the growth of the Dissolved Gas Analyzer Market.

    What are the challenges faced by the Dissolved Gas Analyzer Market?

    The high cost of Dissolved Gas Analyzers and the need for skilled professionals to operate and interpret the results pose challenges to market growth. Additionally, the stringent regulatory landscape governing the use of these analyzers can hinder market expansion.

    What are the emerging trends in the Dissolved Gas Analyzer Market?

    The integration of advanced technologies, such as IoT and cloud computing, into Dissolved Gas Analyzers is a key trend. This enables remote monitoring and data analysis, enhancing the efficiency and reliability of these devices.

    What is the impact of COVID-19 on the Dissolved Gas Analyzer Market?

    The COVID-19 pandemic had a moderate impact on the Dissolved Gas Analyzer Market. While demand from certain sectors, such as power generation, declined, the increasing adoption of remote monitoring solutions partially offset the market slowdown.

    What is the expected growth rate of the Dissolved Gas Analyzer Market in the coming years?

    The Dissolved Gas Analyzer Market is projected to grow at a steady pace in the coming years, with a CAGR of 5.48% anticipated during the forecast period (2024-2032).

    Which region is expected to witness the highest growth in the Dissolved Gas Analyzer Market?

    North America is expected to witness the highest growth in the Dissolved Gas Analyzer Market, driven by the rapidly expanding power and manufacturing sectors in the region.

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