Despite a significant drop in product sales during the initial phase of the pandemic's spread and lockdown restrictions across the region, the market is expected to grow at a CAGR of nearly 4 % between 2020−2027.
Desiccant air respirators are increasingly used for oil and gas transportation and storage. It makes the use of dry air respirators quite consumer-centric, as most of these products are used by industry. For example, desiccant air respirators are increasingly used in vacuum pumps and other heavy industrial equipment. In addition, the use of desiccant air respirators has increased the overall useful life of the product. Almost 70% of lost machine life is due to surface degradation or wear, and 82% of machine wear is caused by particles entering the system during regular operation. A respirator is a filter that limits the number of particles allowed into the system as it breathes.
Mechanical/vacuum desiccant air breathers are becoming the most popular option in industrial or agricultural settings. They regularly safeguard vital components such as equipment and systems used in large-scale storage tanks and oil processing facilities. Furthermore, desiccant air breathers improve efficiency and ensure smooth operations during new activities such as chemical supply filling.
Furthermore, the growing use of desiccant air breathers in vacuum pumps and other heavy industrial equipment has fuelled the market growth. As a result, industries that use such heavy equipment have extended their life cycles by keeping it protected at all times. It contributes to the growing international demand for and adoption of desiccant air breathers not only by small businesses but also by large manufacturers all over the current world.
Strait's research report covers market dynamics, value chain analysis, and PORTER analysis of the Desiccant Air Breathers market, likely to impact the region's market growth. The study also discusses the fundamental dynamics affecting the current Desiccant Air Breathers market and the global market's future position. The study also includes a thorough examination of business execution, market share, and the supply chain, among other things, with a list of notable suppliers and their key strategies.
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The APAC region has dominated the market with the largest share in 2020. The Asia Pacific region's industries are growing fast, increasing the volume of industrial equipment. Breathers are used in most industrial equipment, including hydraulic equipment, industrial gearboxes, and others. Eventually, industrialization raises the demand for breathers, driving the desiccant air breather market.
China accounts for more than 28 % of global manufacturing, and it has a significant impact on the prices of most goods sold globally. The industry remains moderately fragmented because of the number of small producers in China, and China will also consolidate its position as the world's leading manufacturer of desiccant air breathers. Small businesses in China can survive and thrive due to the easy availability of raw materials and lower labor costs.
A variety of factors, including rising disposable income and a thriving manufacturing industry, are contributing to increased demand for desiccant air breathers in India. India accounts for more than 35.6 % of South Asia and Oceania's demand. Furthermore, government policies aimed at attracting foreign investment have paved the way for the Make in India initiative, which is expected to lead to a growth of the manufacturing industry, making India one of the most attractive markets for desiccant air breathers.
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods