Market Size of Dehydrating Breather Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 1.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Dehydrating Breather Market Analysis
The dehydrating breather market is expected to rise at a CAGR of more than 1.5% during the forecast period of 2020-2025. Factors such as strong focus on asset optimization by increasing transformers and other equipment's efficiency and longevity, a requirement of a real-time moisture measurement mechanism, and an increase in energy demand are expected to drive the dehydrating breather market. However, the requirement to change the desiccants, which increases the overall cost, may restrain the market.
- The utility sector is expected to be the largest segment in the forecast period. The industry applies the largest number of transformers that require a dehydrating breather to increase their efficiency and reduce the energy loss. An increase in the installed power generation capacity around the globe, in the utility sector, is expected to increase the requirement of transformers and thereby the need for dehydrating breathers.
- New types of desiccants are being researched and developed, with the modeling of the equipment becoming more suitable for severe temperatures. Advancement in the industry is expected to act as an opportunity for the market players.
- The Asia-Pacific region is expected to be the largest market in the forecast period due to its large utility sector and increasing demand for energy. China and India are expected to be the largest users of the dehydrating breathers in the region.