Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 428.34 Million | USD 604.4 Million | 3.9% | 2023 |
Zion Market Research has published a report on the global Dehydrating Breather Market, estimating its value at USD 428.34 Million in 2023, with projections indicating that it will reach USD 604.4 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.9% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Dehydrating Breather industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Dehydrating breathers are utilized for preventing air moisture from polluting the oil in electric device or transformer. They are generally deployed on either oil compartment of tap changer or on the air side of transformer conservator. The product comprises of silica gel having ability to scrub air moisture after it goes through the breather that is provided with oil trap helping in prevention of constant interaction between silica & moist air. The product is easy to deploy on any new device and can be used for purpose of renovation.
Escalating need for protecting electric equipment along with rise in the funding to improve power transmission & distribution infrastructure will propel the expansion of dehydrating breather market in the years ahead. The production of dehydrating breathers with advanced features will boost the business trends. Additionally, huge focus on optimization of assets through surge in the number of transformers along need for increasing device efficacy as well as durability will embellish the market size. Introduction of new kinds of desiccants and equipment modelling to sustain against extreme temperatures will provide new growth opportunities for the market over the years to come. Rise in the power generating capacity as well as thriving power utility sector will translate into humungous need for transformers, thereby driving product demand. However, large-scale acceptance of dry-type transformers can retard the growth of dehydrating breather industry in the years ahead. Nonetheless, low costs of maintenance for dehydrating breathers and its efficient functioning will create new facades of growth for the market in the upcoming years.
Furthermore, humungous need to avoid failure of functioning of transformer or equipment in industries, particularly electric & electronics industry, as a result of unavailability of product that can effectively control the proportion of moisture in the equipment will pave a ways for the market elevation over the forecasting years.
Report Attributes | Report Details |
---|---|
Report Name | Dehydrating Breather Market |
Market Size in 2023 | USD 428.34 Million |
Market Forecast in 2032 | USD 604.4 Million |
Growth Rate | CAGR of 3.9% |
Number of Pages | 110 |
Key Companies Covered | Hubbell, Maschinenfabrik Reinhausen, Siemens, ABB, and Des-Case |
Segments Covered | By Type, By Desiccant Volume, By End-User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in Asia Pacific over the estimated timeline is due to favorable government policies promoting large-scale funding of transmission & distribution activities for enhancing incessant supply of electricity in the region. In addition to this, need for refurbishment of old & outdated power distribution network to fulfill the massive power supply requirement of the consistently bulging population will drive the regional market trends. In addition to this, regular blackouts and power outages & interruptions in power supply witnessed in the remote regions as well as rural areas across the emerging economies in Asia Pacific will expedite the growth rate of the industry in the sub-continent over the ensuing years. Furthermore, increase in the investment across utilities, power grids, and power substation infrastructure sectors in the region will create lucrative growth avenues for the business in the Asia Pacific zone.
Key players influencing the market growth include-
The global dehydrating breather market is segmented as follows:
By Type
By Desiccant Volume
By End-User
By Region
FrequentlyAsked Questions
Escalating need for protecting electric equipment along with rise in the funding to improve power transmission & distribution infrastructure will propel the expansion of dehydrating breather market in the years ahead. The production of dehydrating breathers with advanced features will boost the business trends. Additionally, huge focus on optimization of assets through surge in the number of transformers along need for increasing device efficacy as well as durability will embellish the market size.
Dehydrating Breather Market, estimating its value at USD 428.34 Million in 2023, with projections indicating that it will reach USD 604.4 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.9% over the forecast period 2024-2032.
Asia Pacific will contribute remarkably towards the global dehydrating breather market share over the estimated timeline. The growth of the market in the region over 2024-2032 is credited to favorable government policies promoting large-scale funding of transmission & distribution activities for enhancing incessant supply of electricity in the region. In addition to this, need for refurbishment of old & outdated power distribution network to fulfill the massive power supply requirement of the consistently bulging population will drive the regional market trends.
The key market players include Hubbell, Maschinenfabrik Reinhausen, Siemens, ABB, and Des-Case. With market being highly fragmented, players are introducing new products to expand their market share as well as regional presence across the globe.
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