Desiccant Breathers Market, By Type (Small Size, Medium Size, and Large Size), By Application (Machinery Industry, Electrical Industry, Automotive, and Hydraulic Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

The increase in renewable energy

The increase in renewable energy in the market has created additional demand for step-up and step-down transformers, mainly due to the level of unpredictability in power generation from sources such as wind power and solar power. Global primary energy consumption increased 1.3% to 583.9 exajoules (EJ) in 2019, compared to 576.23 exajoules (EJ) in 2018. Energy consumption is expected to increase further over the forecast period and could cause the utility industry to suffer water outages.