Dissolved Gas Analyzers Market Driven by Rising Demand from Asia Pacific, Middle East
Market Research Reports Search Engine (MRRSE) has announced the addition of a new report to its vast repertoire. The new report examines the past and present statistics of the global dissolved gas analyzers market and presents forecasts for the period from 2014 to 2020. The report is titled ‘Dissolved Gas Analyzer Market – Global Industry Analysis Size Share Growth Trends and Forecast 2014 – 2020’ and is available on MRRSE’s official website for sale.
Dissolved gas analyzers are used in processes utilizing transformers and/or oil-filled electrical equipment. Insulating materials in electrical devices can break down to produce gases. Analysis of these gases, particularly their nature and rate of generation, can help diagnose faults in the machinery. Due to this crucial benefit, the demand for dissolved gas analyzers is expected to grow steadily in the coming years. According to the report, the global dissolved gas analyzers market is expected to exhibit a robust 11.7% CAGR from 2014 to 2020. The market, valued at US$277.0 mn in 2013, is expected to rise to a valuation of US$538.3 mn by 2020.
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The primary growth drivers of the global dissolved gas analyzers market are the rising expenditure on the utilities sector and increasing safety regulations governing the usage of transformers. Due to the high unmet demand for electricity, emerging countries have started to hand out huge amounts toward the establishment and development power utilities. The need to keep these operations in good shape will necessitate a high demand for dissolved gas analyzers from emerging regions such as Asia Pacific, the Middle East, and Latin America in the coming years. According to the report, Asia Pacific led the global dissolved gas analyzers market in 2013, accounting for 35% of the market.
The rising industrialization in these regions will also keep the demand for dissolved gas analyzers high in the coming years. Industrialization in countries such as China, India, Saudi Arabia, the UAE, Indonesia, Brazil, Argentina, Russia, and South Africa has been boosted by the rising prosperity of the consumers in the country, which has given rise to a steady demand for ancillary equipment such as dissolved gas analyzers.
Along with the influential factors affecting the dissolved gas analyzer market’s trajectory, the report also takes a look at the segmentation of the market.
By type of analysis, the dissolved gas analyzer market has been segmented into smoke alarms, early warning dissolved gas analysis, comprehensive dissolved gas analysis monitoring, laboratory services, database software, and portable dissolved gas analysis devices. Of these, laboratory services emerged as the largest market segment in 2013, with a 39.2% share.
The report also comprehensively analyzes the competitive landscape of the market, profiling key players such as Weidmann, LumaSense Technologies, Inc., ABB Ltd., GE, Doble Engineering, Morgan Schaffer Corporation, Qualitrol Company LLC, and SD Myers, Inc. The data about these companies will allow readers to figure out the best collaboration opportunities in the dissolved gas analyzers market in the coming years.