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.

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Related Reports:

A.    Hydraulic Auxiliary Equipment Market

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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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