A new market study titled “Dissolved Gas Analyzer Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” predicts the global market for dissolved gas analyzers is to showcase tremendous growth over the coming years, primarily thanks to the emergence of the utility sector.
The increasing installations and upgradation of power transformers worldwide are expected to drive the market’s growth in the forecast period, as well as a growing number of resolutions related to rising environmental pollution and government initiatives across the globe to reduce the carbon footprint.
The demand for dissolved gas analyzers is expected to rise in the coming years as the end user industries are working toward maximizing reliability of their equipment and minimizing the risks involved in using them.
Asia Pacific is expected to dominate the global market in the near future as the developing countries in the region are undergoing infrastructural developments.
Europe and North America are anticipated to follow the lead in the coming years due to aging power transformers in the region that will require close monitoring. Furthermore, the need to ensure right detection of fault gases in new transformers will also augment the demand for DGAs in the region.
Some of the leading players in the global dissolved gas analyzer market are Weidmann, LumaSense Technologies Inc., General Electric, Qualitrol Company LLC, and ABB Ltd.
Source: Tailor Made Reports