Global Dissolved Gas Analyzer Market Overview
As per MRFR analysis, the Dissolved Gas Analyzer Market Size was estimated at 1.88 (USD Billion) in 2022. The Dissolved Gas Analyzer Market Industry is expected to grow from 1.98 (USD Billion) in 2023 to 3.2 (USD Billion) by 2032. The Dissolved Gas Analyzer Market CAGR (growth rate) is expected to be around 5.48% during the forecast period (2024 - 2032).
Key Dissolved Gas Analyzer Market Trends Highlighted
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.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dissolved Gas Analyzer Market Drivers
Increasing Demand for Condition Monitoring in the Power Generation Industry
The power generation industry is one of the key end users of the Dissolved Gas Analyzer Market Industry. The circulating demand for power generation equipment that is reliable and efficient is expected to stoke condition monitoring applications. The Dissolved Gas Analysis is a method used to monitor the condition of transformers, generators, and other vital power equipment. Since the degrading of everything has become a concern now, critical devices are now given more importance for easy and quick monitoring.
Condition monitoring can be done by analyzing gases dissolved in insulating oil. The presence of gases, either individually or in combination, indicates the incipient thermal fault. There are companies such as Agellis that provide railroad measurement systems and liquid level detectors for all kinds of diopters. If any unusual change in condition is detected, then prior and immediate repair has to be done to avoid shocks. Dissolved gas analysis also provides information about the types of faults.
The growing concerns related to the reliability and effective usage of power generation systems and mandate regulations about the maintenance of power infrastructure will drive the global diluted gas analyzer market. The Dissolved Gas Analyzer Market Industry is expected to expand due to the large demand for condition monitoring from the power generation industry. Regular monitoring of the condition of systems and periodic maintenance will help to increase the life expectancy of products.
Power generation industry’s requirement The power generation industry is expected to continue to increase in demand for various reasons. The demand for Energy is substantially increasing day by day all over the world owing to the increasing consumption of Energy daily. Due to the rapidly increasing consumption of various power-consuming and generating products, the power generation industry is expected to double its output. Power generation equipment is capital intensive, and the industry expects a long-life expectancy for its products.
So, there is always a need for regular maintenance of systems. Dissolved Gases All types of liquid gases are characterized by their low boiling points, and gases specific to each of them are dissolved. During the normal operation of power transformers and many electric devices, dissolved gases accumulate therein. Otherwise, the composition of the gases will be different in a single system based on their usage. When a failure occurs, the amounts of gases and their varieties are enriched.
Since different types of failure follow different chemical processes, the amounts and quality of the present gases are determined by the nature and stage of the failure. It is possible to extract and evaluate the gases extruded in the degassing process. The gas analysis presentation often consists of six paramount fuel gases in insulation oil. They are Acetylene, Hydrogen Methane, Ethylene and Ethanes. The top-tier oil gas analyzer can measure these gases.
The gas analysis of the oil was used to counsel as to the nature and level of a malfunction in a liquid-submerged electricity transformer. Three samples were taken from a faulty transformer: just before the transformer was pulled from service, just after the transformer was removed from service, in the grease separator, where the operation of the oil was extremely simple. As the principal air, the vacuum of the N2/O2 was used.
Growing Adoption of Smart Grid Technologies
Another factor that contributes to the development of the Dissolved Gas Analyzer Market Industry is the growing adoption of smart grid technologies. Smart grids are designed to be more efficient, reliable, and resilient than traditional grids. DGA plays a critical role in smart grids, as it can be used to monitor the condition of critical assets in real-time. This information can help optimize grid performance, reduce maintenance costs, and improve overall grid stability.
On the whole, the adoption of smart grid technologies creates new opportunities for the Dissolved Gas Analyzer Market Industry, as real-time monitoring of the condition of critical assets is necessary to ensure the optimal performance of smart grids. In addition, DGA can help to make smart grids more efficient by providing valuable information about the condition of equipment. This information can help to optimize their maintenance schedule and extend their life.
On the whole, the main benefit of DGA is that it can help avoid catastrophic failures and reduce the costs associated with running a smart grid. Finally, DGA can also make smart grids more reliable, as the information about the condition of assets can be used to take action before a problem becomes critical. In this way, DGA can be used to ensure that smart grids continue working as usual and are not exposed to sudden failures.
Increasing Environmental Concerns
The increasing environmental concerns are also creating an opportunity for the Dissolved Gas Analyzer Market Industry to grow. It can be used to detect the presence of harmful gases in insulating oil, such as sulfur dioxide and nitrogen oxides. This information can then be used to pinpoint environmental risks that need to be mitigated. The increasing adoption of DGA for environmental monitoring applications is expected to be the emerging trend in the market through the forecast period.
The increasing environmental concerns have, as a result, created an opportunity for the Dissolved Gas Analyzer Market Industry to grow. Various governments worldwide have recently introduced strict rules to help curb the emission of harmful gases. However, DGA, in this case, ensures that the insulated oil used in different applications will not release hazardous gases into the surroundings. In addition, once the presence of a forming gas is detected, measures can be taken to either treat the medium or dispose of it the right way.
REDACTED can reduce the emission of harmful gases, and the environment and public health are, as a result, protected. PENDENCIES. There are no dependencies between the subtopics described above.
Dissolved Gas Analyzer 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.
Dissolved Gas Analyzer Market 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.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dissolved Gas Analyzer Market 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 Include
- General Electric
- Eaton
- Yokogawa
- Emerson
- Schneider Electric
- Toshiba
- AMETEK
- Mitsubishi Electric
- Itron
- Hitachi
- Fuji Electric
- ABB
- Rockwell Automation
- Siemens
Dissolved Gas Analyzer Market 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.
Dissolved Gas Analyzer Market Segmentation Insights
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Dissolved Gas Analyzer Market Product Type Outlook
- Offline Dissolved Gas Analyzers
- Online Dissolved Gas Analyzers
- Portable Dissolved Gas Analyzers
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Dissolved Gas Analyzer Market Application Outlook
- Power Transmission Distribution
- Oil Gas
- Industrial
- Other Applications
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Dissolved Gas Analyzer Market Measurement Parameters Outlook
- Hydrogen
- Carbon Monoxide
- Carbon Dioxide
- Oxygen
- Water Vapor
- Total Dissolved Gases
- Other Parameters
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Dissolved Gas Analyzer Market Industry End-Use Outlook
- Utilities
- Renewable Energy
- Manufacturing
- Transportation
- Other Industries
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Dissolved Gas Analyzer Market Power Range Outlook
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
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Dissolved Gas Analyzer Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2022
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1.88 (USD Billion)
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Market Size 2023
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1.98 (USD Billion)
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Market Size 2032
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3.2 (USD Billion)
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Compound Annual Growth Rate (CAGR)
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5.48% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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General Electric, Eaton, Yokogawa, Emerson, Schneider Electric, Toshiba, AMETEK, Mitsubishi Electric, Itron, Hitachi, Fuji Electric, ABB, Rockwell Automation, Siemens
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Segments Covered
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Product Type, Application, Measurement Parameters, Industry End-Use, Power Range, Regional
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Key Market Opportunities
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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
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Key Market Dynamics
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Rising demand for condition monitoring Technological advancements in sensors Growing awareness of oil analysis Increased focus on predictive maintenance Stringent environmental regulations
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
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).
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.
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.
Prominent players in the Dissolved Gas Analyzer Market include: - ABB - Siemens - General Electric - Eaton - Megger - Doble Engineering Company
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.
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.
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.
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.
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).
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.
