The global dehydrating breather market is estimated at USD 402.5 million in 2018 and is projected to grow at a CAGR of 4.51% during the forecast period, to reach USD 501.8 million by 2023. The market growth can be attributed to the increased requirement for protection of equipment and increase in investment of T&D infrastructure. The development of advanced dehydrating breathers for challenging and harsh environments is expected to create growth opportunities for the dehydrating breather market. However, frequent replacement of desiccants and high maintenance cost are expected to be major challenges for the growth of the dehydrating breather market.
“Conventional breather segment is expected to have the largest market share by 2023”
The conventional breather segment is expected to account for the largest market share by 2023. Due to its easy availability and low price, the demand for a conventional breather is more than a self-dehydrating breather. Also, the increase in capacity of diesel-based and oil-based power generation is driving the growth of conventional breather in the dehydrating breather market.
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“Utilities segment holds the largest market share by 2023”
The utilities segment is expected to account for the largest market share by 2023. Increase in demand for power generation and refurbishment of aging infrastructure are the key factors that would drive the growth of the dehydrating breather market in the utilities segment.
“North America: The second largest market for dehydrating breather”
North America is estimated to be the second largest dehydrating breather market during the forecast period. Several projects are underway in this region to modernize its electric power grid. Under the Smart Grid Investment Grant (SGIG) program, the Department of Energy and the electricity industry have jointly invested USD 8 billion in 99 cost-shared projects involving more than 200 participating electric utilities and other organizations to modernize the electric grid, strengthen cybersecurity, and improve interoperability. Increase in investment and continued governmental investments in the economic and infrastructure growth are expected to boost the dehydrating breather market in the region.
Break of primary participants was as mentioned below:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The breakdown of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 40%, Tier 3- 25%
By Designation: C–Level- 35%, Director Level- 25%, Others- 40%
By Region: North America-35%, Europe-20%, Asia Pacific-30%, RoW-15%
Note: Others includes sales managers, product managers, and design engineers
The tier of the company has been defined on the basis of its total revenue, as of 2016: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million
Some of the prominent players in the dehydrating breather market include ABB (Switzerland), Siemens (Germany), Hubbell (US), Maschinenfabrik Reinhausen (Germany), and Des-Case (US).
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