Global Dissolved Gas Analyzer Market - 2023-2030

Global Dissolved Gas Analyzer Market - 2023-2030

Market Overview
The global dissolved gas analyzer market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030 and growing at a CAGR of XX% during the forecast period (2023-2030).

A Dissolved Gas Analyzer is a device used to measure the levels of gases (such as hydrogen, methane, carbon dioxide, etc.) dissolved in insulating liquids (such as transformer oil). The analysis helps to determine the health of electrical equipment (such as transformers) and detect signs of degradation or faults.

Market Dynamics
The rising awareness about the need for predictive maintenance of electrical equipment and technological innovations in dissolved gas analysis technology drives the global dissolved gas analyzer market.
Increasing demand for electricity and aging power infrastructure drive the market growth

Increasing demand for electricity and aging power infrastructure are driving the growth of the global dissolved gas analyzer market as they lead to a higher need for monitoring and maintenance of electrical equipment. The demand for electricity is growing globally due to the expanding population and increasing industrialization, which puts a strain on aging power infrastructure. Regular monitoring and maintenance of the equipment, including dissolved gas analysis, is crucial to ensure these electrical systems' reliable and safe operation. The increasing need to maintain an aging power infrastructure drives the demand for dissolved gas analyzers.

Increasing investment and new technological advancements in the power sector generate a lucrative opportunity in the global dissolved gas analyzer market
Increasing investment and technological advancements in the power sector are generating a lucrative opportunity in the global dissolved gas analyzer market. The power sector is undergoing significant transformation with the increasing adoption of renewable energy sources, upgrading aging power infrastructure and investment in new technologies. This investment drives the demand for efficient and reliable electrical equipment, which requires regular monitoring and maintenance. Dissolved gas analysis is an essential part of this maintenance and its growing adoption drives the demand for dissolved gas analyzers.
Moreover, new technological advancements in dissolved gas analysis are improving the equipment's accuracy, speed and ease of use, making it more attractive to users. Integrating digital technologies such as IoT, cloud computing and artificial intelligence is also expanding the capabilities of dissolved gas analyzers, creating new growth opportunities for the market. The combination of increased investment, technological advancements and growing demand for reliable and efficient electrical equipment generates a lucrative opportunity in the global dissolved gas analyzer market.

The higher cost of dissolved gas analyzer hampers the market growth
The high cost of dissolved gas analyzers is a major factor that hampers the growth of the global market. Dissolved gas analyzers are specialized instruments that require significant investment, which makes them unaffordable for many users, especially in developing countries. The high cost is due to factors such as the complex technology used, the use of high-quality materials and the need for specialized skills and knowledge to operate the equipment.

Additionally, the high cost of maintenance, calibration and repair of dissolved gas analyzers adds to the overall expenses associated with the equipment, making it even more difficult for users to justify the investment. The high cost of dissolved gas analyzers is a major barrier to market growth, limiting their adoption and preventing the full realization of their potential. To overcome this challenge, manufacturers need to focus on developing more affordable and user-friendly solutions. In contrast, users need to be aware of the long-term benefits of using dissolved gas analyzers to justify the investment.

COVID-19 Impact Analysis
The COVID-19 pandemic has significantly impacted the global dissolved gas analyzer market. The lockdowns, travel restrictions and supply chain disruptions caused by the pandemic have affected the production and sales of dissolved gas analyzers. The closure of factories and supply chain disruptions have led to a shortage of raw materials and components, affecting the production and delivery of dissolved gas analyzers.

However, the pandemic has also created new opportunities for the market, such as the increased need for predictive maintenance of critical infrastructure to ensure their reliability during the crisis. The investment in digital technologies, such as remote monitoring and control, has also accelerated, which is driving the demand for dissolved gas analyzers. The COVID-19 pandemic has moderately impacted the global dissolved gas analyzer market, with both challenges and opportunities. Still, its overall impact was expected to be temporary and with the ease of the lockdown, the market recovered quickly.

Segment Analysis
The global dissolved gas analyzer market is segmented based on type, power, extraction type and region.
Owing to accuracy and reliability in their dissolved gas analysis, the laboratory services segment leads the global market

Laboratory services as a type segment dominate the global dissolved gas analyzer market. Laboratory services provide accurate and reliable dissolved gas analysis, which is critical for the maintenance and repair of electrical equipment. This has driven the demand for laboratory services in the market and offers a wide range of services, including sample collection, analysis and interpretation of results, providing a complete solution to users. This has increased the popularity of laboratory services in the market.

It complies with regulations and industry standards, assuring users that the analysis is performed to the highest standards. This has further increased the demand for laboratory services in the market. Compared to in-house dissolved gas analysis, laboratory services are often more cost-effective, as they eliminate the need for users to invest in expensive equipment and train personnel. This has made laboratory services an attractive option for many users. Furthermore, the factors mentioned above have made Laboratory Services the dominant segment in the global dissolved gas analyzer market and are expected to grow in the future.

Geographical Analysis
Owing to their large and skilled workforce, capable of operating and maintaining the latest technology and equipment, augments the growth of the North American market

North America is currently the dominant region in the global dissolved gas analyzer market. North America is home to several major power companies that invest heavily in the latest technology and equipment. This has increased the demand for dissolved gas analyzers in the region. North America has a large, aging power infrastructure requiring frequent maintenance and repair. Use of dissolved gas analyzers helps to monitor the health of electrical equipment and prolong its lifespan, driving the demand for these devices in the region.

Several leading technology companies in the region invest heavily in research and development, driving technological advancements in the power sector. This has increased the demand for dissolved gas analyzers in the region. North America has a large and skilled workforce capable of operating and maintaining the latest technology and equipment. This has further increased the demand for dissolved gas analyzers in the region. Therefore, the abovementioned factors have made North America the dominant region in the global dissolved gas analyzer market.

Competitive Landscape
The competition landscape in the global dissolved gas analyzer market is highly consolidated, with a few major players dominating the market. These players are well-established, have strong brand recognition and offer a wide range of products and services. Some of the key players in the market include ABB Ltd., Siemens AG and General Electric Company. The other global players operating in the market are LumaSense Technologies Inc., Weidmann, Gatron GmbH, SD Myers, Inc., Qualitrol Company LLC, EMH Energy-Messtechnik GmbH and OELCHECK GmbH. These players compete on product quality, reliability, accuracy and price. They also invest heavily in research and development to bring new and innovative products to market. Additionally, these players have strong distribution networks, which allow them to reach a large customer base and increase their market share.

ABB Ltd.
Overview: ABB Ltd. is a leading Swiss-Swedish multinational corporation providing power and automation technologies to customers worldwide. The company was established in 1988 through a merger of ASEA AB of Sweden and BBC Brown Boveri Ltd. of Switzerland. ABB has a global presence with operations in over 100 countries. ABB offers various products and services, including power distribution and control systems, robotics and motion control systems and direct high-voltage current (HVDC) systems. The company’s business segment includes electrification, motion, robotics & discrete automation and process automation. It serves end-use markets such as renewables, distribution, conv. Generation, Oil and gas, chemicals, mining, metals, food & beverages, automotive, buildings and other industry. The company has a global presence across the Americas, Europe, MEA and Asia-Pacific.

Product Portfolio
• CoreSense M10 Multi-gas analyzer: A dissolved gas monitoring device that addresses the issues of simple installation, reliable construction and affordable maintenance is the CoreSense M10 Multi-gas analyzer. CoreSense M10 measures moisture as well as nine different gases, including hydrogen (H2), methane (CH4), acetylene (C2H2), ethylene (C2H4), ethane (C2H6), propene (C3H6), propane (C3H8), carbon monoxide (CO) and carbon dioxide (CO2) (CO2). The CoreSenseTMM10 has two enclosures:

A measurement head with the same measurements as a single-gas CoreSenseTM sensor.
A wall-mounted analytical device can be mounted on a pedestal, a firewall or a transformer.

Key Development: On December 13, 2022, Sensi, a revolutionary analyzer for measuring natural gas quality, was introduced by ABB. The Sensi analyzer from ABB provides a dependable new solution that makes operating and maintaining pipelines easier and less expensive. A single device that can correctly and instantly assess up to three impurities (H2S, H2O and CO2) in any natural gas stream provides safer, simpler and more effective pipeline monitoring and operations. Its quick responsiveness also makes it possible to react quickly to process disruptions, which reduces waste and methane emissions.

Why Purchase the Report?
• To visualize the global dissolved gas analyzer market segmentation based on type, power, extraction type and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global dissolved gas analyzer market by analyzing trends and co-development.
• Excel data sheet with numerous data points of dissolved gas analyzer market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.
The global dissolved gas analyzer market report would provide approximately 61 tables, 61 figures and 215 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies