The Global Dehydrating Breather Market is projected to reach a market size of USD 501.8 Million by 2023 from an estimated USD 402.5 Million in 2018, at a CAGR of 4.51% during the forecast period. This growth can be attributed to the increase in investment of transmission and distribution infrastructure and increase in demand for protection of equipment.
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The report segments the dehydrating breather market, by type, into conventional breather and self-dehydrating breather. The conventional breather segment is expected to hold the largest market share by 2023 as it is a traditional method used by various industries and is relatively less expensive than a self-dehydrating breather. The dominance of the conventional breather segment can also be attributed to the global investment in T&D sector in the Asia Pacific, Middle East, and North America.
Substitutes for dehydrating breather and increasing adoption of dry-type transformers or sealed type transformer could act as restraints for the dehydrating breather market. The leading players in the Dehydrating Breather Market include: ABB (Switzerland), Siemens (Germany), Hubbell (US), Maschinenfabrik Reinhausen (MR) (Germany), and Des-Case (US).
The dehydrating breather market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific is expected to hold the largest share in the global dehydrating breather market in 2018. The region is expected to expand and upgrade its existing distribution infrastructure to fulfill the growing demand for electricity. In addition, increasing investment in railroads is also a major driving factor for dehydrating breather market. For instance, in 2016, Indian railways announced its plan to invest USD 142 billion for the upgrading of railway infrastructure. Also, China plans to invest USD 538 billion in railway infrastructure in five years (2016–2020). All the above factors are expected to have a positive impact on the dehydrating breather market in the Asia Pacific region.
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The market in the Asia Pacific is estimated to be the largest dehydrating breather market from 2018 to 2023. Factors such as increasing investment in power generation and distribution, modernization and upgrading of aging power plants, and increased power consumption are some of the key factors driving the dehydrating breather market in the region.