San Francisco, 04 January, 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.
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Report On Dissolved Gas Analyzer (DGA) Market Analysis:
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.
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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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
France
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
o
Australia
·
Latin America
o
Brazil
·
Middle East & Africa
o
GCC
o
South Africa
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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.
For more information: www.grandviewresearch.com/
