Wilmington, Delaware, United States, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The last decade has witnessed increase in need for energy across different end-use industries. As a result, governments and authorities worldwide are investing in improved infrastrcuture worldwide in a bid to meet consumer requirements. As a result, the demand for dissolved gas analyzers has risen, which has contributed to market growth.
As per study conducted by Transparency Market Research, the global dissolved gas analyzer market is anticipated to advance at CAGR of 3.6% during the forecast period, starting in 2021 and ending in 2031.
New dissolved analyzer launches are helping leading market players in gaining an edge over other players and in generating new revenue streams. Doble Engineering Co., in May 2020, announced the launch of new dissolved gas analyzer capable of being used at remote locations with features such as easy portability and setup. The device has proven beneficial in offering precise results inside two minutes of incision and has helped decrease human error in aspects such as extraction, measurement, and sampling.
Furthermore, well-established dissolved gas analyzer market players are looking to expand their presence in global market and improve their revenue by adopting strategies such as collaborating with smaller players.
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Key Findings of Dissolved Gas Analyzer Market Study
- Rising Demand to Replace Aging Infrastructure Propelling Dissolved Gas Analyzer Market: The past few years have witnessed steady rise in need to replace aging infrastructure such as transmission and distribution networks, worldwide. Dissolved gas analyzers have been used in power transformers to provide improved performance by lowering losses and permitting efficient electricity transmission within a distributed network. Furthermore, dissolved gas analyzers have been used to study the contaminants present in electrical transformer oil, which is assisting in growth of overall dissolved gas analyzer market
- Increasing Need for Smart Grid Infrastructure Worldwide Could Boost Growth in Dissolved Gas Analyzer Market: The need for energy in prominent countries worldwide has been on the rise, in the last few years. Governments in these countries are looking to invest in smart grid technology which is more customer-interaction and less-centralized. Rising investments in smart grid infrastructure is expected to drive the growth in dissolved gas analyzer market during the forecast period
Dissolved Gas Analyzer Market: Key Drivers
- Rising investment in utility infrastructure in prominent countries worldwide is expected to emerge as one of the key driving factors of global dissolved gas analyzer market
- Increasing demand for intelligent dissolved gas analyzers from new end-users is triggering growth in overall market
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Dissolved Gas Analyzer Market: Regional Market Insights
Globally, North America is expected to witness significant growth in overall dissolved gas analyzer market because of rising government initiatives and measures to renew existing transmission and distribution networks together in countries such as U.S. and Canada
Dissolved Gas Analyzer Market: Key Players
The global dissolved gas analyzer market is competitive with the presence of numerous leading players. It is expected that entry of new players could intensify the competition in overall market, during the forecast period.
In a bid to produce improved products that would meet customer requirements, well-established players are investing in R&D undertakings.
Few prominent players in global dissolved gas analyzer market include ABB Ltd., Doble Engineering, Emerson Electric Company, General Electric Company, Siemens AG, and Thermo Fischer Scientific.
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The global dissolved gas analyzer market is segmented as follows:
- Product Type
- Online
- Portable
- Laboratory Use
- Gas Type
- Single Gas
- Multi-gas
- Technology
- Gas Chromatography
- Photo Acoustic Spectroscopy (PAS)
- Others
- Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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