Global Hydraulic Valve Market: Overview
Hydraulic valves are the critical components of hydraulic systems, which directs the flow of liquid. Hydraulic valves are designed to control the direction of the fluid, which is done by checking on the position of the spool. Hydraulic valves are a very critical component for hydraulic systems as they can have required functions by using these hydraulic valves. Thus, the adoption of appropriate hydraulic valve is very crucial to serve the intended purpose. Sizes of these hydraulic valves are determined by calculating maximum flow in a hydraulic system through system pressure and valves. Hydraulic valves are responsible for the regulation of flow and pressure of liquid (oil or water) by controlling the volume of fluid that flows through a system.
Growth in the hydraulic vales market is directly proportional to the ever-increasing demand from end-use industries, which are driving the market substantially.
Global Hydraulic Valve Market: Dynamics
The global market for hydraulic valves is highly fragmented due to the existence of well-established national and international players. Robust competitive environment in hydraulic valves market is expected to get bigger with the rise in brand-new technology, product extensions, and amalgamations. The global hydraulic valves market is anticipated to grow at a significant rate in the coming years. Awareness for pure water coupled with rising demand for hi-tech purification technologies has urged rise in wastewater hydraulic systems. Developed economies, in order to fulfil the pure water consumption demand, are leveraging high investments for pure water production. Besides, key market restraining factors such as the BRIC nations not having proper supply facilities has resulted in impurities polluting the water during transportation. Also, government regulations on industrial wastewater disposal in Asia Pacific region has led to the pollution of natural water reservoirs.
Global Hydraulic Valve Market: Segmentation
The global market for hydraulic valve can be segmented by type, by application, by end-use industry and by region. Based on type, the global hydraulic valve market is segmented by directional control valves, flow control valves and pressure control valves. Directional hydraulic valve holds the most significant market share and is the most commonly used type as it caters to almost every kind of industrial application. Hydraulic valve has an introductory installation rate, non-corrosive and resistant to wear & tear where there are constraints. Besides, pressure hydraulic valve is the fastest-growing valve type owing to factors, such as ideal compatibility for applications requiring precise control, safety norms, countless pilot ratios, load holding and excellent stability for all kinds of loads. Flow control valve maintains and sets the flow rate constant, even with the variations with load pressure & oil temperature, which allows flow control valves to adjust the oil flow to a small extent. Based on application, the global hydraulic valve market is segmented by oil & gas, chemicals, hydropower station and others. Oil & gas segment accounts for nearly half of the global consumption of hydraulic valve market, followed by power generation & automotive segments. Based on end-use industries, the global hydraulic valve market can be segmented by power, water & wastewater plants, oil & gas, construction & earthmoving and marine & aerospace.
Global Hydraulic Valve Market: Regional Outlook
The market for hydraulic valves is segmented into regions, such as North America, Europe, East Asia, South Asia, Latin America, and the Middle East and Africa (MEA). Asia Pacific, which includes East Asia and South Asia was the highest revenue-contributing region in the global hydraulic valves market in 2016 and will continue to lead the market in the next five years. North America was the second-biggest market, followed by Europe. The demand for hydraulic valve in Asia Pacific is further projected to witness the highest growth in the coming years owing to an expanding middle-class population and increased urbanization. The North American market for hydraulic valves is likely to grow at a significant rate due to an increase in the demand for oil and gas, electricity and chemicals. The market will also experience increased demand for potable water in emerging economies, such as India, Indonesia and China. This factor will result in the setting up of several wastewater treatment plants, which will drive this market’s growth in the region.
Global Hydraulic Valve Market: Key Players
Prominent players in the global hydraulic valve market are HAWE Hydraulik SE, Eaton, Bosch Rexroth, Daikin Industries Ltd., Kawasaki Heavy Industries, Ltd., Parker Hannifin Corp., ENERPAC, Curtiss-Wright, Emerson Electric, Sun Hydraulics LLC, Pedro Roquet, S.A., Versa Products Company Inc., Bermad Water Technologies and other players. The global players are expected to strengthen their market positions by offering loyalty schemes and competitive prices. Several small-sized players also have a presence in the hydraulic valve market globally.
The research report presents a comprehensive assessment of the hydraulic valve market and contains thoughtful insights, facts and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The hydraulic valve market report provides analysis and information, according to market segments such as geographies, application and industry.
Hydraulic Valve Market Report Covers Exhaustive Analysis On:
- Hydraulic Valve Market Segments
- Hydraulic Valve Market Dynamics
- Hydraulic Valve Market Size & Demand
- Hydraulic Valve Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Hydraulic Valve Market- Value Chain
Hydraulic Valve Market Regional Analysis Includes:
- North America (US, Canada)
- Latin America (Brazil, Mexico, rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
- Oceania (Australia, New Zealand)
- MEA (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East and Africa)
The Hydraulic Valve report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Hydraulic Valve report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Hydraulic Valve report also maps the qualitative impact of various market factors on market segments and geographies.
Hydraulic Valve Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Fact.MR offers custom research services that help clients to get specific research solutions