DUBLIN, Feb .17, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/2b89vc/global_hydraulic) has announced the addition of the "Global Hydraulic Equipment Market 2015-2019" report to their offering.
The Global Hydraulic Equipment market to grow at a CAGR of 4.54% over the period 2015-2019
Equipment that uses pressurized fluid to operate various machine operations is hydraulic equipment. Normally, a pump or an engine is used to drive the equipment that pressurizes the hydraulic fluid. Hydraulic equipment increases the operational efficiency of machines. Pumps, motors, valves, and cylinders are the hydraulic equipment that is used by various industries such as Automotive, Construction, Agriculture, Plastic, Metallurgical, and Oil and Petrochemical. Several types of fluid are used in hydraulic equipment including synthetic fire-resistant fluids, phosphate ester fire-resistant fluids, and petroleum-based fluids.
One of the major trends in the market is the increased demand for fire-resistant hydraulic fluids. Hydraulic equipment operating under extreme heat conditions may suffer from the risk of oil leakage, resulting in a high fire risk.
According to the report, one of the major drivers in the market is the increased growth in the Construction industry. Hydraulic equipment such as pumps, valves, and cylinders is used in construction equipment such as cranes and forklifts, which are used in the construction of roads, railways, housing, infrastructure, and airports. The increase in construction activities in the developing countries has led to an increase in the demand for hydraulic equipment.
Further, the report states that one of the major challenges that the market faces is the high maintenance cost. Continuous maintenance is required to detect and rectify any failure of the equipment. The major issues with hydraulic equipment are the generation of abnormal noise and the failure of the equipment under a high fluid temperature.
Key Vendors
- Bosch Rexroth
- Daikin Industries
- Eaton
- Parker Hannifin
Other Prominent Vendors
- Bailey International
- Dongyang Mechatronics
- Feintool International
- KYB
- Moog
- Toshiba Machine
- Wipro Infrastructure Engineering
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/2b89vc/global_hydraulic
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
