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Dissolved Gas Analyzer Market Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow

11-20-2017 05:42 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Dissolved Gas Analyzer Market Future Forecast Assessed On

According to a recent report released by Transparency Market Research (TMR), the global Dissolved Gas Analyzer Market, which stood at US$277.0 mn in 2013, is anticipated to reach US$538.3 mn in 2020, exhibiting a promising CAGR of 11.70% between 2014 and 2020. The report is titled “Dissolved Gas Analyzer Market - Global Industry Analysis Size Share Growth Trends and Forecast 2014 - 2020” and is available on the company website for sale.

Power transformers and oilfield equipment often generate dissolved gases with complex chemical components and significant amounts of hydrocarbons. These gases are generated during power transformer operations and they get dissolved in the mineral oils used by the transformers. To identify the level of gas generated by these equipment, dissolved gas analyzers are used. Dissolved gas analysis helps diagnose the presence of these gases, thereby revealing the probability and nature of faults in power transformers.

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The demand for dissolved gas analysis has increased over the years as a part of the monitoring process of power transformers. This rise in demand is fuelled by several factors such as growing awareness regarding the fault probability of high voltage transformers and the high cost of replacing depreciating transformers. Using dissolved gas analyzers enables companies to detect faults in the power transformers deployed at an early stage. Such early diagnosis allows companies to deploy maintenance programs to repair and prevent faults and extend the longevity of power transformers.

Policies adopted by governments around the world also play a critical role in determining the future of the global dissolved gas analyzer market. For instance, with stringent safety and efficiency regulations being imposed, the majority of power transformer users are left with no option but to adopt dissolved gas analysis. Furthermore, in emerging economies such as India, China, and Indonesia, governments are increasingly investing in infrastructure projects to extend the power capacity of transformers to meet the mounting electricity needs. Hence, emerging economies are likely to deploy dissolved gas analyzers in their power transformers to ensure early diagnosis of their faults and ensure better safety.

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In terms of analysis type, the global dissolved gas analyzer market is segmented in smoke alarms, DGA (dissolved gas analysis) monitoring, database software, comprehensive DGA monitoring, portable DGA, and laboratory services. Of these, the laboratory services segment held the largest share in the market in 2013, accounting for 39.2%. The regional segments of the global dissolved gas analyzer market include Asia Pacific, Europe, North America, and Rest of the World. In 2013, Asia Pacific led the global dissolved gas analyzer market, with a 35.0% market share. Growing awareness regarding safety and monitoring of power transformers drives the demand for dissolved gas analyzers from Asia Pacific.

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To present a holistic overview of the global market for dissolved gas analyzers, the report also studies its competitive landscape. For the purpose of the study, the report profiles the leading market players, including Morgan Schaffer Corporation (Canada), LumaSense Technologies (U.S.), Gatron GmbH (Germany), Weidmann (U.S.), OELCHECK GmbH (Germany), General Electric (U.S.), EMH (Germany), ABB Ltd. (Switzerland), SD Myers, Inc. (U.S.), Doble Engineering (U.S.), Qualitrol LLC (U.S.), and Sieyuan Electric Co., Ltd. (China).

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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