Hydraulic Equipment Market Research Report: Information by Component (Pumps, Motors, Valves, Cylinder and Accessories), Application (Industrial and Mobile) and by Region.



Global Hydraulic Equipment Market Synopsis

Hydraulic equipment implies the usage of pressurized fluids in order to perform machining functions. The hydraulic system makes use of liquid (usually oil) to transfer electricity and has few benefits over mechanical and electrical systems. The hydraulic systems are known to create linear motion using hydraulic cylinders whereas the mechanical and electrical techniques need mechanical device in order to turn rotational motion into linear motion. The hydraulic equipment functions with the application of a diverse range of valves, pumps, motors, actuators, and filters. As per the reports published by Market Research Future (MRFR), the global hydraulic equipment market is estimated to generate a revenue of USD 54.6 billion by the conclusion of 2024.

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Hydraulic power is one of the most common methods of generation, control, and transmission of power by using pressurized liquids in various mobile and industrial applications. Hydraulic machines use liquid fluid power and heavy equipment is one of the prominent examples. In such types of machines, hydraulic fluid is transmitted throughout the machine to various hydraulic cylinders and hydraulic motors and become pressurized as per the resistance present. This fluid is controlled by control valves and distributed through tubes and hoses.

Segmental Analysis

According to the reports published by Market Research Future, the global hydraulic equipment market can be segmented based on application and component.

Based on application, the global hydraulic equipment market has been further segmented into mobile and industrial.

Based on component, the global hydraulic equipment market has been segmented into motors, pumps, cylinder, accessories, and valves.

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Regional Analysis

The global hydraulic equipment market has been geographically segmented into key regions as per the reports published by Market Research Future. The key regions mostly include North America, Asia-Pacific, the Middle East & Africa, South America, and Europe. Asia-Pacific represents the maximum share in the hydraulic equipment market owing to the increasing investments in construction activities in the developing nations, including China and India. China is estimated to contribute towards the largest share of the regional market in the APAC. India is likely to be the fastest developing economy in the region. For instance, throughout 2019, the construction industry in Germany, US, and China is expected to witness a growth of 2.8%, 2.1%, and 4.0% respectively in 2019. The hydraulic equipment is predominantly used in construction devices. The above-mentioned factors are anticipated to propel the hydraulic equipment market in the Asia-Pacific region.

Leading Players

The key players of the global hydraulic equipment market are Bosch Rexroth (Germany), Parker Hannifin (US), Nachi-Fujikoshi (Japan), Hydac (Germany), Bucker Hydraulics (Germany), Concentric (Sweden), Linde Hydraulics (Germany), Eaton Corporation Plc (Ireland), Fluitronics GmbH (Germany), Kawasaki (Japan), HAWE (Germany), Moog, Inc. (US), Daikin (Japan), Casappa (Italy), and Dantal Hydraulics (India).

Also Read: https://www.marketwatch.com/press-release/hydraulic-equipment-market-2019-industry-analysis-by-growth-potential-component-applications-key-players-review-share-size-emerging-technologies-rising-trends-and-forecast-to-2024-2019-11-19

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