The headspace extraction segment is expected to increase rapidly, at a CAGR of more than 14% over the next eight years. The benefits of this extraction approach, which include reduced risk of operator mistake from excessive sample handling during injection and preparation, as well as greater operational efficiency by automating the process, are driving growth. Furthermore, headspace extraction provides advantages such as rapid analysis and sensitivity, as well as little equipment investment.
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Data Bridge Market Research analyses that the Global Dissolved Gas Analyzer Market is expected to reach USD 775,924.60 thousand by 2030 from USD 441,592.60 thousand in 2022, growing with the substantial CAGR of 7.30% in the forecast period of 2023 to 2030. Dissolved gas analyzers are used to monitor the health of transformers, which are critical components of the power grid. As the demand for power reliability increases, so too will the demand for dissolved gas analyzers. Power outages can cause significant damage to equipment and businesses. Dissolved gas analyzers can help to prevent power outages by detecting problems with transformers early on. Governments around the world are increasingly regulating the use of transformers. Dissolved gas analyzers can help to ensure that transformers are operating safely and in compliance with regulations. Renewable energy sources, such as solar and wind power, can produce gases that can damage transformers. Dissolved gas analyzers can help to monitor these gases and prevent damage to transformers.
Growing adoption of online DGA is expected to drive the market's growth rate
One of the primary aspects driving market growth is the rapid use of online DGA. In the current context, ageing transformers are heavily loaded, which is one of the key reasons to diagnose transformer health early on. Online DGA contributes significantly to grid dependability by displaying key gas ratios and real-time readings, which are critical metrics for monitoring the transformer's health during operation. As a result, the transformer failure rate is reduced significantly, as are the outages induced by it.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Smoke Alarms, Early Warning DGA Monitoring, Comprehensive DGA Monitoring, Laboratory Services, Database Software, Portable DGA Devices), Gas Type (Single Use, Multi- Gas), Technology (Gas Chromatography, Photo Acoustic Spectroscopy, Others), Product Type (Online, Portable, Laboratory Use), Extraction Type (Vacuum Extraction or Rack Method, Headspace Extraction, Stripper Column Method, Others), Power Rating (100 - 500 MVA, 501-800 MVA, 801-1200 MVA)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ABB (U.S.), Doble Engineering Company. (U.S.), Gatron GmbH (Germany), General Electric (U.S.), LumaSense Technologies Inc. (U.S.), Morgan Schaffer (Canada), Qualitrol Company LLC (Canada), Siemens (Germany), and MM Tech. (Croatia)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global dissolved gas analyzer market is segmented into six notable segments: type, gas type, technology, product type, extraction type, and power rating.
- On the basis of type, the global dissolved gas analyzer market is segmented into smoke alarms, early warning DGA monitoring, comprehensive DGA monitoring, laboratory services, database software, and portable DGA devices. Early warning DGA monitoring segment is expected to dominate the global dissolved gas analyzer market with a 33.11% market share as it helps to quickly diagnose transformer faults and improve grid reliability, thereby enabling faster installation and minimizing cost.
- On the basis of gas type, the global dissolved gas analyzer market is segmented into single-gas and multi-gas. Multi-gas segment is expected to dominate the global dissolved gas analyzer market with a 63.36% market share as they can detect various comprehensive gas and are the most versatile and affordable option that can be used in large transformer monitoring.
- On the basis of technology, the global dissolved gas analyzer market is segmented into gas chromatography, photo acoustic spectroscopy, and others. Gas chromatography segment is expected to dominate the global dissolved gas analyzer market with a 53.04% market share as it is the most common technique preferred by the manufacturers to identify & separate various compounds present in the sample.
- On the basis of product type, the global dissolved gas analyzer market is segmented into online, portable, and laboratory use. Laboratory use segment is expected to dominate the global dissolved gas analyzer market with a 66.83% market share owing to the fact that most DGA is often performed in the lab, where samples for most equipment can be taken on-line. Furthermore, performing DGA in Lab can give effective & most accurate results compared to other types.
- On the basis of extraction type, the global dissolved gas analyzer market is segmented into vacuum extraction or rack method, headspace extraction, and stripper column method. In 2023. Headspace extraction segment is expected to dominate the global dissolved gas analyzer market with a 47.49% market share owing to its ability to rapidly analysis of the sample & also the capability to reduce operator error from sample handling.
The headspace extraction segment will dominate the extraction type segment of the dissolved gas analyzer market
The headspace extraction segment will emerge as the dominating segment under extraction type segment. This is because of the growing number of technological advancements in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of power rating, the global dissolved gas analyzer market is segmented into 100-500 MVA, 501-800 MVA, and 8001-1200 MVA. 501-800 MVA segment is expected to dominate the global dissolved gas analyzer market with a 58.88% market share due to its ability to combine data from additional transformer conditioning-based devices and thereby offer legitimate identification of critical transformer faults.
The 501-800 MVA segment will dominate the power rating segment of the dissolved gas analyzer market
The 501-800 MVA segment will emerge as the dominating segment under power rating. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: ABB (U.S.), Doble Engineering Company. (U.S.), Gatron GmbH (Germany), General Electric (U.S.), LumaSense Technologies Inc. (U.S.), Morgan Schaffer (Canada), Qualitrol Company LLC (Canada), Siemens (Germany), and MM Tech. (Croatia).
Market Development
- In 2022, Siemens announced that it had signed an agreement with the Serveron Corporation to jointly market products and services that help prevent electric power outages. This is a significant development, as it expands Siemens' portfolio of products and services in the power reliability market. The agreement also includes dissolved gas analysis, which is a critical tool for monitoring the health of transformers. This will help Siemens to increase its presence and trust in the market among more potential customers. This partnership is a win-win for both companies. Siemens gains access to Serveron's expertise in dissolved gas analysis, while Serveron gains access to Siemens' global reach and customer base.
- In 2020, SDMyers announced a new working relationship with Camlin Power, a remote transformer monitoring equipment manufacturer. This partnership brings together SDMyers' expertise in dissolved gas analysis with Camlin Power's expertise in remote transformer monitoring. This will help SDMyers to expand its presence in the North American industrial market. The latest 5- and 9- gas monitoring technology will also help SDMyers to provide its customers with more accurate and comprehensive data on the health of their transformers. This partnership is a sign of SDMyers' commitment to innovation and customer service. The company is constantly looking for ways to improve its products and services, and this partnership is a step in the right direction.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the dissolved gas analyzer market during the forecast period 2023-2030
North America is the dominating region in the global dissolved gas analyzer market. This is due to the high demand for power reliability and the stringent government regulations in the region.
Asia-Pacific is estimated to be the fastest growing region in the dissolved gas analyzer market in the forecast period 2023-2030
Asia-Pacific is an estimated region for the global dissolved gas analyzer market. This is due to the growing awareness of the benefits of dissolved gas analyzers and the increasing adoption of renewable energy in the region.
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