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. The market is likely to develop at 4.02% CAGR over the period, 2019 to 2024.
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.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8066
Industry Highlights
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. Materials that are used in hydraulic equipment comprise a large
variety of metals and synthetics. Steel, stainless-steel alloys, titanium,
brass, woven wire, rubber is some of the materials that are used in severely
high-pressure systems. Additionally, gamut of plastic is used in valve fittings
applications and tubing.
Fluid power systems offer effective and simple
control of speed, torque, direction, and force using control valves. Thus,
these systems do not require electrical power, eliminating the risk of sparks,
explosions, electrical shock, and fire. Moreover, hydraulic equipment can
transmit power in a much smaller space as compared to mechanical or electrical
systems, especially in case of extremely high force or torque.
Top Manufacturers:
·
Eaton Corporation Plc (Ireland),
· Bosch
Rexroth (Germany),
· Parker
Hannifin (US),
· HAWE
(Germany),
· Kawasaki
(Japan),
· Hydac
(Germany),
· Bucker
Hydraulics (Germany),
· Concentric
(Sweden),
· Daikin
(Japan),
· Casappa
(Italy),
· Dantal
Hydraulics (India),
· Nachi-Fujikoshi
(Japan),
· Linde
Hydraulics (Germany), and
·
Fluitronics GmbH (Germany).
Global Hydraulic
Equipment Market Segmentation
According to the reports
published by Market Research Future, the global hydraulic
equipment market can be segmented based on
application, component and region.
By Component
·
Pumps
·
Motors
·
Valves
·
Cylinder
·
Accessories
By Application
·
Industrial
·
Mobile
By Region
·
North
America
·
Asia-Pacific
·
Europe
·
Middle
East & Africa
·
South
America
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.
On the basis of region, Asia-Pacific held the
largest market share of the global hydraulic equipment market in 2018. It is
estimated Asia-Pacific would be the fastest growing market during the forecast
period, mainly due to the rising investment in construction activities in the
emerging nations including India and China. The hydraulic equipment market
would be mainly driven by the growing focus on mobile applications. Rising
manufacturing activities in South-East Asian countries is expected to add to the
market growth during the forecast period.
The market in North America is expected to be
the second-largest owing to an increase in demand for modernization of existing
infrastructure. The US will dominate the North America market during the
forecast period. The market in Europe is also expected to grow at a significant
rate owing to the rising requirement of hydraulic equipment in industries.
Germany is expected to dominate the European hydraulic equipment market.
The Middle East & Africa and South America
are the key regions for hydraulic equipment market. Saudi Arabia and Brazil are
the two countries that are expected to dominate the regions, respectively. The
market is the Middle East & Africa is attributed to the rising use of
hydraulic equipment in excavators, loaders, vacuum trucks, dump trucks,
cranes, tractors, and other vehicles in industrial and construction sectors.
Browse Complete
Report @ https://www.marketresearchfuture.com/reports/hydraulic-equipment-market-8066
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by Components, Application, Logistics and
market players for global, regional, and country level market segments, enable
our clients to see more, know more, and do more, which help to answer all their
most important questions.
No comments:
Post a Comment