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.
Browse the full Dissolved Gas Analyzer Market – Global Industry Analysis Size Share Growth Trends and Forecast 2014 – 2020 report at https://www.transparencymarketresearch.com/dissolved-gas-analyzer-market.html
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.
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.
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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.