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Dissolved Gas Analyser Market - Forecast(2024 - 2030)
Dissolved Gas Analyser Market Overview
The Dissolved Gas Analyser Market size is forecast to reach $1.4 billion by 2027,
growing at a CAGR of 3.3% from 2022 to 2027. The market growth is
attributed to the factors such as increasing demand for environmental
conservation, strict environmental and legal legislation, and growing worries
regarding health and safety. Moreover increasing mining activities as well as
growing industries across the globe is also propelling the market growth.
Safety personnel utilize a number of handheld devices utilizing vacuum extraction or headspace extraction to track dangerous
quantities of substances such as nitrogen dioxide (N02), FREON 21, ammonia
(NH3), oxygen analyzer (02) and other gases during restricted space entry and
shuttle safety operations. Each compound is monitored using a single gas
monitor/analyser and real time analysis. Consequently, they are difficult to
carry out, so they fail to do the task of controlling the physical taxation of
workers. The aim of the Multi-Gas Sensors and DGA Monitoring is to assess the markets
for the replacement instrumentation, which will incorporate the analytical
capability of multiple analysers into one compact device for dissolved applications.
Report Coverage
The report: “Dissolved Gas Analyser market – Forecast (2022-2027)”, by IndustryARC covers an
in-depth analysis of the following segments of the Dissolved Gas Analyser Market Report.
Key Takeaways
- Dissolved gas analysers are used to maximize the quantity of fuel supply, the analysis of dangerous poisonous gases, and the correct composition of the mixture of gasses required for the refining phase. Thus with growing mining activities the market growth for Dissolved gas analysers industry increases.
- APAC region is anticipated to witness significant market growth during the forecast period 2021-2026. The market growth is owing to rapid industrialisation, technological growth, rising environment concerns, strict government regulations and others.
Dissolved Gas Analyser Market Segment Analysis - By Type
Multi gas segment held the
highest market share of Dissolved gas analyser in 2020 at 63% share in
2021. Moreover, it is anticipated to witness the significant market growth
during the forecast period 2022-2027. Many applications need more than one gas
to be analysed. Traditionally, advanced machinery and more than one specific
analyser are deployed to test more than one gas. It culminated in very
complicated structures with a wide footprint and high expense for the cabinet.
Gas analysis systems were developed with the technological advances that
integrate multiple analyses into a single instrument at a reasonable price.
Simplicity and modularity concepts also helped drive the creation of such
devices.
Dissolved Gas Analyser Market Segment Analysis - By Technology
Type
Dissolved Gas Analyser Market is segmented into Electrochemical, Paramagnetic, Zirconia (ZR),
Non-dispersive IR (NDIR), others on the basis of technology type.
Non-dispersive IR (NDIR) segment is anticipated to witness significant market
growth at 4.4% during the forecast period 2022-2027. NDIR analysers use
infrared radiation to perform their function. In a typical NDIR analysis
operation, the infrared lamp directs the infrared light to the gas sample. The
illumination travels into the gas ions and the optical shield into the infrared
light detector. When the light is detected by the detector, the concentration
of a given gas may be measured. Non-dispersive infrared (NDIR) analysers employ
the use of specialized sensors to measure gas concentrations in the surrounding
atmosphere. NDIR analysers accommodate the analysis of a wide range of gases,
including carbon dioxide (CO2), carbon monoxide (CO), methane (CH4), and
sulphur dioxide (SO2). NDIR analysers are used to analyse these gases in
different industrial applications. NDIR analysers are suitable for measuring
sample gases in both high and low concentrations. As they are highly durable,
even when exposed to oxidizing compounds, they offer long service lives and low
life-cycle costs. All these factors that favours the industrial applications to
safeguard the environment contributes to the market growth.
Dissolved Gas Analyser Market Segment Analysis – By Geography
APAC region is anticipated to witness significant market growth during the forecast period 2022-2027 at 4.1% CAGR. Industrial development in this region is driving the growth of Dissolved gas analysers, owing to their advantages including process control, improved protection, increased productivity and consistency. It is anticipated that the rise in demand for low-cost, high-precision goods across emerging countries such as India, Malaysia, etc., would fuel business development. For instance, China strives to become the global leader in pollution reduction and has firmly embraced selective catalytic reduction (SCR) as the mandatory post-combustion NOx management mechanism for all large power plants. Additionally, increased implementation of restrictions by countries like China, Japan and South Korea allowed companies to invest in advanced gas analysers. End-user companies are also likely to spend in protection technologies for keeping environment safe. In May 2019, Micro-Dissolved Greenhouse Gas Analysers (M-GGA-918 and M-GPC-918) was launched by ABB. This product report fugitive emissions measurements of methane and carbon dioxide simultaneously in a 5.4kg, handbag-size, package that is compact and crushproof. This allows leak detection from distances far from the source and with much greater reliability. Such product launches leverages a positive impact on the market growth.
Dissolved Gas Analyser Market Drivers
Environmental concerns
Environmental protection is
an important concern for today's world. Policy regulations and industry organization
promote using the continuous emission monitoring system (CEMS) in manufacturing
plants to insure employees, the workforce and the community are safe. Within
the CEMS program, a Dissolved gas analyser performs a significant function in
securing the environment from poisonous and harmful chemicals. Consequently the
efficiency of the plant increases thereby propelling the market growth. With
the rise in Governmental Regulations of maintaining a pollution-free city in
various regions has brought a huge demand of Gas Sensors in global market. Gas analyzers
help in examining the various hazardous gases in the atmosphere and provides
the measurement of the concentration of various gases such as CO, CO2, NOx, SO2
and Others in major waterbodies and Industries. This tends to drive the demand
of Gas Sensor Market globally. Moreover, with the rise in Environmental
Concerns to reduce the emission of harmful gases especially in Industrial
regions to secure nearby Ecosystem. Gas analyzers are commonly installed in
industrial regions as part of a health and safety system within the workplace
as well nearby ecosystem are the key factors boosting the growth of the Dissolved
Gas Analyzer Market globally.
Rise in Industrialization
and Urbanization drives market growth
Fast growing economies in
Asia-Pacific and North America are contributing exponentially in Dissolved Gas
Analyzer Market. Due to rise in Urbanization and Industrialization, the demand
for Dissolved Gas Analyzer in various Oil & Gas industries, Healthcare,
Power plants has increased rapidly. According to the United Nations, in 2021 55%
of the world's population lives in urban areas, a proportion that is expected
to increase to 68% by 2050. This has promoted the developments in manufacturing
of Dissolved Gas Analyzer among which the adoption of Wireless Gas analyzers
has brought a major uplift in its market growth. To maintain safety and
security in the workplace of these industries, the adoption of Dissolved Gas
Analyzer has brought a major boost in the market growth.
Dissolved Gas Analyser Market Challenges
High cost of implementation
for small scale industries
With the technological
advancements, equipment are also upgraded. Cost factor, thereby, matters for
the market growth. These gas analyzers typically cost between $3000 to $5000
with significant maintenance and installation costs as well. High
implementation costs for small-scale production plants and low awareness in
certain regions can pose a major challenge to the growth of the market for
Dissolved gas analysers.
Dissolved Gas Analyser Market Landscape
Partnerships and
acquisitions along with product launches are the key strategies adopted by the
players in the Dissolved Gas Analyser Market. As of 2020, the market for Dissolved Gas Analyser Market is consolidated with the Dissolved gas top 10 companies
include:
- ABB Ltd
- Honeywell International Inc.
- Emerson Electric Co.
- Siemens AG
- Yokogawa Electric Corporation
- Fuji Electric Co. Ltd.
- ETG Risorse
- Los Gatos Research, Inc.
- Gasmet Technologies Oy
- SRI Instruments
Recent Developments
- In October 2020, ABB launched Microguard Solution which detects dangerous gas leaks as it uses laser based technology. Through this the surveyors can quickly find the leaks on foot.
- In May 2020 General Electric Corporation, launched Grain-size Gas analyzer, an extraordinary new gas sensor design that achieves a level of performance previously thought unfeasible with conventional gas sensors. With Bloodhound-like Sensing Capabilities ideal for Wearable or Drone-based Formats in Industrial Safety.
- In April 2020, Qualitrol Released a New Wireless Dissolved Gas Analyzer and Analytics Platform. The DGA LT1 is a wireless transformer monitor that measures the concentration of dissolved hydrogen and moisture in transformer dielectric insulating oil.
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