Hydraulic Equipment Market Size, Share, Trend, Global Analysis, Key Players, Demand by Forecast to 2024


Posted July 24, 2019 by DhanashreeP

Global Hydraulic Equipment Market Research Report by Component, Application and by Region
 
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.

The popularity of hydraulic machinery is due to the very large amount of power that can be transferred through small tubes and flexible hoses, and the high-power density and wide array of actuators that can make use of this power.

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Segmental Analysis

The global hydraulic equipment market has been segmented on the basis of component, application, and region.

The hydraulic equipment market has been segmented based on component into pumps, motors, valves, cylinder, and accessories. The valves sub-segment is expected to dominate the market since these valves can prevent the backflow of liquid and provides flow resistance. Pumps are expected to be the fastest growing sub-segment due to high efficiency of the axial piston pumps. The hydraulic equipment market has been segmented based on application into industrial and mobile. The mobile sub-segment led the market in due to the large-scale use of fluid power equipment in agriculture, mining, and construction activities. The mobile sub-segment is expected to be the fastest growing segment during the forecast period.

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Regional Analysis

On the basis of region, the global hydraulic equipment market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

The growth of hydraulic equipment in Asia-Pacific is driven by the growing use of these equipment in manufacturing and automotive industries with benefits including, high efficiency, and their compatibility with varied fluid types.

Moreover, a large number of market players are investing in the development of hydraulic equipment because of their huge demand in mobile hydraulic applications. Such factors are likely to raise the demand of hydraulic equipment, globally. The rising use of hydraulic equipment such as pumps, motors, and valves in high pressure applications in industries, such as construction, oil & gas, and mining, are expected to drive the hydraulic equipment market.

For instance, in February 2019, Kawasaki Heavy Industries Ltd. (Japan) completed a new plant in India for manufacturing hydraulic equipment for construction machinery in order to meet the rising demand of local infrastructure in India.

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).

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Issued By MRFR
Country India
Categories Business , Energy
Tags hydraulic equipment market , hydraulic equipment market share , hydraulic equipment market size
Last Updated July 24, 2019