Dissolved Gas Analyzer Market Size, Share & Trend Analysis Report By Extraction Type (Vacuum Extraction, Headspace Extraction, Striper Column Method), By Power Rating, By Analysis Type, By Region, And Segment Forecasts, 2023 - 2030

Dissolved Gas Analyzer Market Size, Share & Trend Analysis Report By Extraction Type (Vacuum Extraction, Headspace Extraction, Striper Column Method), By Power Rating, By Analysis Type, By Region, And Segment Forecasts, 2023 - 2030

Dissolved Gas Analyzer Market Growth & Trends

The global dissolved gas analyzer market size is expected to reach USD 444.9 million by 2030, expanding at a CAGR of 1.8% from 2023 to 2030, according to a new report 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., have 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 alarm management and discrete event monitoring. With the widespread adoption of the 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 the smart grid in the U.S., U.K., Germany, China, and India would drive the adoption of gas analyzers to detect fault over the forecast period.

Dissolved Gas Analyzer Market Report Highlights

• The head space extraction segment is projected to register the fastest CAGR of 3.1% 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 2022 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 segment dominated the dissolved gas analyzer market with the highest revenue share of 65.1% in 2022. 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 37.9% in 2022. 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
• Asia Pacific dominated the market with the largest revenue share of 33.2% in 2022, 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

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