Zion Market Research has announced a market analysis report titled „Dissolved Gas Analyzer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”.
According to the report, the key factor increasing the demand for dissolved gas analysers is the growth in the utility sector, reports Military Technologies.
The market is expected to grow in the coming years based on the growing upgradation and installation of power transformers worldwide and the aim of end-user industries to improve the reliability of their equipment and reduce the risks involved in using them.
Asia Pacific dominates the global market as the emerging countries in the region are experiencing infrastructural developments; the number of power transformers in the region is growing along with the emergence of online DGA analysis.
Europe and North America will also grow significantly owing to the existence of aging power transformers in the region requiring secure monitoring. In addition, requirement to ensure accurate detection of fault gasses in latest transformers will enhance the demand for DGAs in the region.
Some of the key market players mentioned in the reports are LumaSense Technologies, Siemens, Morgan Schaffer Inc., ABB Ltd., General Electric, Weidmann, and Doble Engineering.
Source: Military Technologies