The global dissolved gas analysers market is estimated to reach $1.11 billion by 2024, according to a new study by Grand View Research, Inc.
The augmented demand to monitor the transformer health in order to increase operational efficiency is expected to significantly fuel the adoption of the product over the forecast period, reports Press Release Rocket.
The growing awareness pertaining to the fault probability of high-voltage transformers, paired with the high cost of replacing depreciating transformers, has significantly escalated the product demand.
Notable players in the industry include ABB Ltd., Doble Engineering, General Electric, LumaSense Technologies, Morgan Schaffer Inc., Siemens, and Weidmann.
Source: Press Release Rocket