Extensive use of hydraulic control valves across a
wide variety of industries such as agriculture, oil and gas, mining and
construction machinery, chemical process and heavy-duty vehicles are increasing
the demand for hydraulic valves and pumps across the world. IndustryARC
analysis reveals that the global hydraulic controls market is estimated to
reach $34.94 billion, growing at a CAGR of 5.59% over the forecast period 2018
to 2024.
The report titled, “Hydraulic Controls Market: By
Products (Pumps, Valves); By Valves (High Pressure & High Flow, Cartridge
Control, Others); By Pumps (Positive Displacement, Variable Displacement); By
Application (Off-Road Vehicles, ROVs, Others); By End Users (Oil & Gas,
Mining, Others), By Geography - Forecast (2018-2024)”, consists of the market
overview, growth opportunities in the market along with the trends, competitive
landscape, and strategic analysis.
Hydraulic Controls Market: Leading
Segments
An integrated hydraulics system is recognized as the
fastest growing product application, with usage across a diverse range of end user
industries. It is projected to grow at a CAGR of 6.67% during the forecast
period. Integrated hydraulic systems provide hydraulic power to control
systems, and increase operational efficiency by combining both the complex
hydraulic systems and electrical controls. These systems also regulate hydraulic
power using alarms, control pumps and simple electrical installations, instead
of additional control boxes. A hydraulic manifold is operator friendly, and specifically
used to direct the flow of fluid to the required auxiliary circuits.
The Americas held a pioneering share of 42.9% in the
global hydraulic controls market. This is attributed to the fast growing
chemical industry in the U.S., developments in which are expected to enhance demand
for control valves-key equipment. In Canada, the rise in oil well drilling
activities is boosting demand for hydraulic control valves and pumps. Expanding
production capacities in the automotive industry of Mexico is contributing to growth
of hydraulic controls through increased requirements while testing. Among South
American countries, Brazil is driving demand for the market through
implementation of pumps and hydraulic control valves in the agriculture sector.
Hydraulic Controls Market: Disruptive
Trends
o Mining
and Construction Machinery
Rising
adoption of large scale machinery such as excavators, backhoe loaders, and
bulldozers across mining and construction industries is leading to evolution of
hydraulic control systems. Hydraulic valves are being preferred as they reduce
the fuel consumption of machinery. Furthermore, low operating costs and high
reliability of hydraulic systems are augmenting the number of installations of
hydraulic cylinders and control valves in heavy mobile equipment.
o Industrial
Hydraulic Systems
The
rapid transition towards automation in manufacturing industries is boosting the
emergence of industrial hydraulic systems. These are advanced control valves
which support precise flow requirements during production of specialty and fine
chemicals in the chemical processing industry.
o Oil
& Gas Exploration Plants
More
focus on preventing accidents and ensuring safety in oil and gas plants have
increased the usage of hydraulic valves as blowout preventers. They are also
used to monitor and seal the flow of crude oil, and to inhibit the uncontrolled
flow in case of a blowout.
Hydraulic Controls Market: Competitive
Landscape
Emerson Electric Corporation, The Crane Company,
Flowsevere Corporation, Eaton Vickers, and Honeywell International are key
players in the global control valves market. Some of the prominent players
involved in the global piston pump market are listed as Bosch Rexroth Ltd,
Parker Hannifin Corporation, Moog Inc, and Danfoss Power Solutions.
Talk to one of our sales representative about the full
report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18579
Related Reports:
A. Hydraulic Auxiliary Equipment Market
https://www.industryarc.com/Report/16144/hydraulic-auxiliary-equipment-market.html
B. Indian Valve Market
https://www.industryarc.com/Report/18971/indian-valve-market
C. Hydraulic Pump Market
https://www.industryarc.com/Report/16314/hydraulic-pump-market.html
D. Electro Hydraulic Servo Valve Market
https://www.industryarc.com/Report/18042/electro-hydraulic-servo-valve-market.html
What can you expect from the report?
The hydraulic
controls market is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories &
Application 11.
Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value Chain Analysis
6. Top 10 End user Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers & Acquisition Analysis
19. Opportunity
Analysis
10. Patent Analysis
20. Revenue
and Volume Analysis
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Asked Questions:
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provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customization:
1. Increase the level of data in application or end
user industry.
2. Increase the number of countries in geography
chapter.
3. Find out market shares for other smaller companies
or companies which are of interest to you.
4. Company profiles can be requested based on your
interest.
5. Patent analysis, pricing, product analysis, product
benchmarking, value and supply chain analysis can be requested for a country or
end use segment.
Any other custom requirements can be discussed with
our team, drop an e-mail to [email protected]
to discuss more about our consulting services.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.