The
global dissolved gas analyzer market has been witnessing several
technological advancements since the past couple of years.
Improvisation of these analyzers has created a phenomenal opportunity
for the market players to capitalize on. Rising demand for DGA
monitoring, government regulations regarding efficiency and safety of
power transformers, and rise in investments of industrial
infrastructure are some of the factors that are expected to propel
the dissolved gas analyzer market in the coming years.
However, lack of awareness regarding advantages of DGA devices and
high ownership cost of DGA devices are the restraining factors that
are likely to curb the growth of this market to an extent. In 2013,
the global dissolved gas analyzer market stood at US$277.0 million
and is estimated to touch US$538.3 million by the end of 2020,
growing progressively at an 11.7% CAGR between 2014 and 2020.
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The
global dissolved gas analyzer market has been segmented on the basis
of types of extraction such as stripper column method, head space
extraction, rack method or vacuum extraction, and others (such as
multiple gas extractor). In 2013, vacuum extraction method or rack
method led the global dissolved gas analyzer market owing to its low
cost of ownership, simple techniques, and lack of awareness among
consumers regarding different extraction types.
Laboratory
Services Segment Led the Global Market Due to Rising Awareness of
Monitoring Transformers
On
the basis of types of analyzers, the global dissolved gas analyzer
market has been categorized into early warning DGA monitoring, smoke
alarms, portable DGA devices, comprehensive DGA monitoring,
laboratory services, and database software. Among these, laboratory
services segment accounted for the largest share of the global
dissolved gas analyzer market in 2013. This segment is expected to
rise significantly in the near future owing to the increasing
awareness regarding comprehensive transformer supervising and the
increasing need of advanced process analytics in order to deal with
the complex gas formation procedures in high-voltage power
transformers.
According
to the power rating, the global dissolved gas analyzer market has
been categorized into 801 MVA – 1200 MVA, 501 MVA – 800 MVA, and
100 MVA – 500 MVA. In 2013, 100 MVA – 500 MVA power transformers
segment accounted for the biggest share of the global dissolved gas
analyzer market. The dominance of this segment can be attributed to
its low maintenance cost and lesser need of infrastructure investment
compared to the high voltage power transformers.
Asia
Pacific Dominated the Global Dissolved Gas Analyzer Market in 2013
The
global dissolved gas analyzer market has been geographically divided
into Asia Pacific, North America, Europe, and Rest of the World.Of
these regions, Asia Pacific accounted for 35% of the global dissolved
gas analyzer market in 2013. The dominance of this region can be
attributed to the increasing application of the dissolve gas
analyzers and rising awareness towards safety. These factors are
anticipated to fuel the growth of the Asia Pacific dissolved gas
analyzer market. Moreover, the increasing penetration of portable
analyzers in several nations such as India, South Korea, and China
are projected to boost the growth of dissolved gas analyzer market in
Asia Pacific between 2014 and 2020. North America held the second
position in terms of market share owing to the demand for detection
of fault gases in recently installed transformers and extended the
life-span of aging power transformers. North America is further
followed by Europe.
Some
of the prominent players of the global dissolved gas analyzer market
are Doble Engineering, LumaSense Technologies, General Electric,
Gatron GmbH, Sieyuan Electric Co., Ltd.,ABB Ltd., Morgan Schaffer
Corporation, SD Myers, Inc., Weidmann, EMH, OELCHECK GmbH, and
Qualitrol LLC.
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