The global hydraulic press machine market is currently valued at USD 65 million and is expected to surpass USD 76 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global hydraulic press machine market, under its tools and components portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Beckwood Press, Greenerd, Hare Press, and Schuler.
According to Anju Ajaykumar, a lead analyst for tools and components research at Technavio, “Hydraulic press machines are increasingly being automated to overcome the drawbacks associated with them. Automation enables manufacturers to reap the twin benefits of profitability and improved efficiency. Also, companies that introduce automation can run their production units 24/7, irrespective of the shift.”
Manual hydraulic press machines are one of the most labor-intensive machines used in the manufacturing sector. The finished parts made by these machines are susceptible to variations in quality, one reason being the difficulty of the operator to control and maintain the accuracy of the machine consistently.
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Better energy efficiency using VFDs in hydraulic press machines
Variable frequency drive (VFD) or variable speed drive is a device that is used to vary the speed of the motor by controlling the frequency and supplied voltage levels to the electric motor. Adoption of a VFD offers the flexibility to adjust the speed of the electric motor by enabling it to run at a slower speed when it is idle. It also provides recovery time so that the hydraulic oil can be filtered and cooled down.
User-friendly interfaces for hydraulic press machines
Vendors in the market, such as ABB and VOLANSYS TECHNOLOGIES, have come up with interfaces, which are user-friendly for the operator. These interfaces have increased not only operational efficiency of the manufacturing process but also improved the safety of the operators.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Hydraulic Press Machines Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Ceramic Machinery Market 2016-2020
- Global Glass Ceramics Market 2016-2020
- Global Ceramic Filters Market 2016-2020
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