Global Online Dissolved Gas Analyzer (DGA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Online Dissolved Gas Analyzer (DGA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Online Dissolved Gas Analyzer (DGA) is a tool used to analyze and test the gas composition, with which the data of the types and contents of some components can be obtained. Online Dissolved Gas Analyzer (DGA) provide regular readings of the concentrations of gas dissolved in the transformer oil without the need for a manual sample. With Online Dissolved Gas Analyzer (DGA), gas analysis is carried out more often, providing a powerful early detection system that prevents extreme manual samplings and site visits.

Market Overview:

The latest research study on the global Online Dissolved Gas Analyzer (DGA) market finds that the global Online Dissolved Gas Analyzer (DGA) market reached a value of USD 495.75 million in 2022. It’s expected that the market will achieve USD 896.3 million by 2028, exhibiting a CAGR of 10.37% during the forecast period.

New Challenges and Strategies

The acknowledged disadvantage of the Online Dissolved Gas Analyzer (DGA) is that the purchase price and maintenance cost are very high. Every time the Online Dissolved Gas Analyzer (DGA) adds a key gas test, it will improve the reliability of the whole system and prevent costly failures. Therefore, the price of an Online Dissolved Gas Analyzer (DGA) will also increase with the increase in kinds of inspection gases. If multiple gases need to be tested, the purchase cost will be very high.

In addition, the life cycle cost of different types of Online Dissolved Gas Analyzer (DGA) may be quite different. The maintenance requirements of some Online Dissolved Gas Analyzer (DGA) may be very complicated. In addition to the simple cost of obtaining an Online Dissolved Gas Analyzer (DGA), there may be hidden costs. Depending on the technology, these may include calibration, replenishment of consumables, and repair and maintenance of components. These maintenance and repairs may cost more.

The high price and maintenance cost make the online dispersed gas analyzer (DGA) unsuitable for ordinary families, which prevents the demand of some markets and is not conducive to the development of the online dispersed gas analyzer (DGA) market. Therefore, how to reduce the production cost of products to reduce the selling price is a problem that manufacturers of Online Distributed Gas Analyzer (DGA) need to consider, and it is also a challenge.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

The top three companies are GE, Siemens, Hitachi Energy with the revenue market share of 18.25%, 12.49% and 9.57% in 2022.

GE is a multinational comprehensive enterprise originated from the United States, and its business industries include electronic industry, energy, transportation industry, aerospace, medical and financial services.

GE has a generic strategy for competitive advantage that, along with intensive growth strategies, ensures the conglomerate’s growth in global markets. Michael Porter’s generic strategies are used to develop and maintain firms’ competitive advantage. In this case, GE uses its generic strategy for competitive advantage in the energy, oil and gas, aerospace/aviation, transportation, healthcare, and electric lighting industries. On the other hand, a company’s intensive growth strategies are employed to support and sustain business growth.

Weidmann has been at the core of the global transformer industry. Weidmann is a private family enterprise that provides technical products and services. Weidmann has three key business areas: Weidmann electrical technology, Weidmann fiber technology and Weidmann medical technology.

Segmentation Overview:

Among different product types, Multi-gas Monitor (5 Gases and More) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Comprehensive DGA Monitoring segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Online Dissolved Gas Analyzer (DGA) market covered in Chapter 3:

Maschinenfabrik Reinhausen
Advanced Energy
MTE Meter Testing Equipment AG
SRI Instruments
Hitachi Energy
GE
Qualitrol Corp
Weidmann
Siemens
Doble
Vaisala

In Chapter 4 and Chapter 14.2, on the basis of types, the Online Dissolved Gas Analyzer (DGA) market from 2018 to 2029 is primarily split into:

2/3 Gas Monitor
Multi-gas Monitor (5 Gases and More)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Online Dissolved Gas Analyzer (DGA) market from 2018 to 2029 covers:

Smoke Alarms
Early Warning DGA Monitoring
Comprehensive DGA Monitoring

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)