San Francisco, 2 January 2019: The Report Dissolved Gas Analyzer (DGA) Market By Extraction Type (Vacuum Extraction, Headspace
Extraction, Striper Column Method), By Power Rating (100-500 MVA, 501-800 MVA,
801-1200 MVA), By Analysis Type (Smoke Alarms, Early Warning DGA Monitoring,
Comprehensive DGA Monitoring, Laboratory Services, Database Software, Portable
DGA Devices) and Segment Forecasts To 2024
The global dissolved gas analyzer market is estimated to reach a valuation of USD 1.11 billion by
2024 according to a new study by Grand View Research, Inc. The augmented demand
to monitor the transformer health in order to increase operational efficiency
is expected to significantly fuel the adoption of the product over the forecast
period. Dissolved gas analyzers are primarily utilized to identify faults in
the power transformers positioned at an early stage. This enables energy
companies (utilities) to establish maintenance programs meant for repairing,
avoiding faults, and extending the durability of power transformers.
The growing awareness pertaining to the
fault probability of high-voltage transformers, paired with the high cost of
replacing depreciating transformers, has significantly escalated the product
demand. Stringent safety and efficiency regulations imposed by the government
of developed countries, such as the U.S., has instigated power transformer
users to adopt dissolved gas analyzers. Additionally, the rising adoption of
online Dissolved Gas Analysis (DGA), owing to benefits including the remote and
continuous monitoring of transformer health, is expected to catapult the market
growth over the forecast period.
The Digital Gas Analyzer (DGA) market is characterized
by several technological trends. The surging demand for safe power transformers
impels industrialists to innovate and find better technological solutions to
fulfill the unmet needs of customers. For instance, in February 2013, Qualitrol
introduced the new QNet4100 intelligent system for the alarm management and
discrete event monitoring. With the widespread adoption of Industrial Internet
of Thing (IIoT), a high level of automation may be witnessed in the entire
fault detection process in the energy sector. Furthermore, the snowballing
deployment of smart grid in the U.S., UK, Germany, China, and India would drive
the adoption of gas analyzers to detect fault over the forecast period.
Access Research Report of Dissolved Gas Analyzer Market @ www.grandviewresearch.com/industry-analysis/dissolved-gas-analyzer-dga-market
Further key findings from the study suggest:
· On the basis of extraction type, the
headspace extraction segment is anticipated to witness a robust growth at a far
exceeding 14% over the forecast period. This can be attributed to the low risk
of operator error from excessive handling of the sample during injection and
preparation. In addition to this, the advantage of automating the process
associated with this technique is also one of the key factors for the growth in
the revenue of this particular segment. Vacuum extraction accounted for the
majority market share in 2015 owing to the early development of this extraction
technique
· The power rating segment comprises 100-500
MVA, 501-800 MVA, and 801-1200 MVA DGA devices. The 100-500 MVA power rating
gas analyzers segment accounted for more than 60% of the overall revenue share
in 2015 and is estimated to grow at a CAGR of more than 12% over the forecast
period. The low price and low maintenance costs associated with these devices
are one of the primary factors for the adoption of dissolved gas analyzers with
these ratings
· On the basis of analysis type, the
laboratory services segment accounted for over 35% of the overall revenue share
in 2015. This is primarily attributed to the snowballing R&D investments
for developing innovative and efficient methods for aging diagnostics.
Furthermore, the growing emphasis by utilities on avoiding failures and
lowering the maintenance cost is expected to drive the comprehensive DGA
monitoring segment growth over the coming years
· The Asia-Pacific dissolved gas analyzers
market is estimated to grow at a CAGR of more than 13% over the next eight
years; this is due to the increased government spending in the industrial
infrastructure projects as well as power transformers in order to expand the
power capacity to meet the electricity shortage particularly across the
emerging economies including India, China, and Indonesia. North America is
expected to grow at a moderate pace mainly due to the escalating need to detect
faults among the newly installed transformers paired with the growing demand
for increasing the lifespan of the old transformers
· Notable players in the industry include ABB
Ltd., Doble Engineering, General Electric, LumaSense Technologies, Morgan
Schaffer Inc., Siemens, and Weidmann. The industry is technology driven and
continuously evolving. Prominent industry players invest heavily in R&D
activities for new product development and product enhancement in order to
gaina competitive advantage.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
dissolved gas analyzers market on the basis of extraction type, power rating,
analysis type, and region:
Dissolved Gas Analyzers Extraction Type
Outlook (Revenue, USD Million, 2013 - 2024)
·
Vacuum Extraction or Rack Method
·
Head Space Extraction
·
Stripper Column Method
·
Others (Multiple Gas extractor)
Dissolved Gas Analyzers Power Rating
Outlook (Revenue, USD Million, 2013 - 2024)
·
100 - 500 MVA
·
501 - 800 MVA
·
801 - 1200 MVA
Dissolved Gas Analyzers Analysis Type
Outlook (Revenue, USD Million, 2013 - 2024)
·
Smoke Alarms
·
Early Warning DGA Monitoring
·
Comprehensive DGA Monitoring
·
Laboratory Services
·
Database Software
·
Portable DGA Devices
Dissolved Gas Analyzers Regional Outlook
(Revenue, USD Million, 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access
Press Release of Dissolved Gas Analyzer Market@
www.grandviewresearch.com/press-release/global-dissolved-gas-analyzer-dga-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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