Global Dissolved Gas Analyzer Market to Reach $1.9 Billion by 2030
The global market for Dissolved Gas Analyzer estimated at US$936.5 Million in the year 2023, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2023-2030. Vacuum Extraction or Rack Method, one of the segments analyzed in the report, is expected to record a 10.5% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Stripper Column Method segment is estimated at 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $250.1 Million, While China is Forecast to Grow at 14% CAGR
The Dissolved Gas Analyzer market in the U.S. is estimated at US$250.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$418.5 Million by the year 2030 trailing a CAGR of 14% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$276.3 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook