Dissolved Gas Analyzer Market

The global dissolved gas analyzer market has been witnessing several technological advancements since the past couple of years. Improvisation of these analyzers has created a phenomenal opportunity for the market players to capitalize on. Rising demand for DGA monitoring, government regulations regarding efficiency and safety of power transformers, and rise in investments of industrial infrastructure are some of the factors that are expected to propel the dissolved gas analyzer market in the coming years.

However, lack of awareness regarding advantages of DGA devices and high ownership cost of DGA devices are the restraining factors that are likely to curb the growth of this market to an extent. In 2013, the global dissolved gas analyzer market stood at US$277.0 million and is estimated to touch US$538.3 million by the end of 2020, growing progressively at an 11.7% CAGR between 2014 and 2020.

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The global dissolved gas analyzer market has been segmented on the basis of types of extraction such as stripper column method, head space extraction, rack method or vacuum extraction, and others (such as multiple gas extractor). In 2013, vacuum extraction method or rack method led the global dissolved gas analyzer market owing to its low cost of ownership, simple techniques, and lack of awareness among consumers regarding different extraction types.

Laboratory Services Segment Led the Global Market Due to Rising Awareness of Monitoring Transformers

On the basis of types of analyzers, the global dissolved gas analyzer market has been categorized into early warning DGA monitoring, smoke alarms, portable DGA devices, comprehensive DGA monitoring, laboratory services, and database software. Among these, laboratory services segment accounted for the largest share of the global dissolved gas analyzer market in...