Construction Sector Estimated to Capture Major Chunk of Hydraulic Valve Demand Pie
Hydraulic valves are used in construction machinery for obtaining desired functional performance. Excavators, loaders, graders, and dump trucks rely heavily on hydraulics valves for their operations. With the growth of the construction industry predominantly driven by the development of large-scale infrastructure projects, is expected to drive the construction machinery demand.
Hydraulic valves used in construction machinery operate in extremely tough conditions with pressure upto 350 bar and above. With soaring demand for construction machinery, the demand for hydraulic valves will also receive an uptick
The construction machinery end use vertical is estimated to create an absolute dollar opportunity worth ~US$ 550 Mn, and foreseen to cross the US$ 1.5 Bn mark by the end of the forecast period (2019-2029).
However, the automotive and power generation segment will see a profitable growth rate through the forecast period.
Automated Operation of Hydraulic Valves are Foreseen to Open up New Opportunities.
Automated operation segment dominates the market mainly because electronics are easier to implement and cost to performance ratio is high. Automated systems are also cost effective, require less maintenance, provide better stability and are more efficient as compared to manual systems.
The automated operations segment is foreseen to grow ~2X faster than the manual operation segment. Furthermore, the automated operation segment is estimated to account for over 55% in the overall absolute dollar opportunity created in the global hydraulic valves market over the forecast period
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Sales of Flow Control Valves See an Upward Trend in Hydraulic Valves
The flow control valves are used for controlling and adjusting the fluid or gas flow through the system. Flow control valves monitor and regulate pressure fluctuations in the system.
The demand for oil & gas has been consistently on the rise, and will create the need for deeper drilled pipelines and lower production cost of oil & gas. The demand for drilled pipelines will create opportunities for flow control valves. The flow control valve segment is estimated to grow ~1.2X faster than the pressure control valve during the forecast period.
East Asia Remains in Forefront, Poised to grow ~1.3 Times Faster than Europe
An increase in construction activities and a rise in demand of power generation and automotive sector are key driving factors for the market especially in East and South Asia. The demand for construction machinery in South Asia is growing owing to an increase in infrastructural investments in the region which is further expected to reinforce the demand for hydraulic valves.
North America is estimated to create an absolute dollar opportunity worth US$ 800 Mn, over the course of forecast duration. In addition, owing to the optimistic outlook of automotive and construction sector in Europe, the region is forecasted to account for over 20% in the overall value opportunity created in the global hydraulic valves market.
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New Product Development: Key Growth Influencer of Hydraulic Valves Market
Industry leaders are continuously focusing on launching enhanced hydraulic valves with more reliability and improved performance as per the demand of various end use verticals.
For instance, in December 2019, Sun Hydraulics launched a new FleX Series 3-way direct-acting, solenoid-operated directional blocking poppet valve. These new directional valves offer low leakage and they are used for load holding applications.
- In June 2019, Bosch Rexroth, redeveloped 2WRCE-4X high response directional cartridge valves and achieve the required flow in the shortest actuating time. The valves are designed for robust applications in die casting machines to withstand temperatures upto 60 degree Celsius.
- In October 2018, Eaton launched new ESLV9 screw-in cartridge valve (SiCV). ESLV9 provides compact solutions for advanced proportional control. SiCV valve can be used for both stationary and on/off highway equipment.
Global Hydraulic Valves Market: Segmentation
Segmentation table of the global hydraulic valves market has been provided below on the basis of type, end-use, flow rate, operation and region.
Global Hydraulic Valves Market - Scope Of The Report
The hydraulic valves market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to the Fact.MR study. The study propounds key trends that are currently shaping the growth of the hydraulic valves market.
This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the hydraulic valves market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of hydraulic valves.
The hydraulic valves market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence the growth trajectory of the hydraulic valves market.
The report initially imparts an overview of the hydraulic valves market, considering current and future prospects in growth, to unveil attractive facets pertaining to the adoption of hydraulic valves across key regional markets.
An in-depth assessment of a few of the hydraulic valves manufacturers offered in the report enables the report readers to gain detailed insights that are derived from hydraulic valves manufacturers across regional markets. A list of key companies operating in the hydraulic valves market provided in the report adds to the credibility of this exhaustive research study.
Global Hydraulic Valves Market: Opportunity Analysis
The report offers a detailed study of different factors influencing demand, sales, and revenue generation in the hydraulic valves market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the hydraulic valves industry, which in turn, is likely to trigger the adoption of hydraulic valves.
An elaborated cost structure analysis provides the report with innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the global hydraulic valves market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period.
Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global hydraulic valves market.
Global Hydraulic Valves Market: Analysis on Market Size Evaluation
Market valuation at the global and regional scale for the global hydraulic valves market is offered in terms of “US$ Bn.” A Y-o-Y growth comparison on the key hydraulic valves market segments, along with the market attractiveness assessment quantifies insights delivered in the report.
Metrics mentioned above are also tracked based on consumption across several regions where hydraulic valves is witnessing a growing demand.
Global Hydraazulic Valves Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the global hydraulic valves market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth on the global hydraulic valves market in the near future.
Country-specific assessment on the demand for hydraulic valves has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.
Global Hydraulic Valves Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of hydraulic valves, along with company’s strategies, identification, and analysis.
Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.
The intensity mapping of the market players operating in the global hydraulic valves market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global hydraulic valves market.
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