A recent market report published by MarketsandMarkets projects the global dehydrating breather market to grow at a CAGR of 4.51% during the forecast period 2018-2023.
According to the report, the global dehydrating breather market is projected to reach a market size of $501.8 million by 2023 from an estimated $402.5 million in 2018.
This growth is a result of the increase in investment in transmission and distribution infrastructure and increase in demand for protection of equipment.
The conventional breather segment is expected to hold the largest market share by 2023.
The Asia Pacific market 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 market in the region.
The leading market players include ABB (Switzerland), Siemens (Germany), Hubbell (US), Maschinenfabrik Reinhausen (MR) (Germany), and Des-Case (US).