As per the latest market research study by Technavio, the global hydraulic valves market is expected to grow at a CAGR of close to 4% during the predicted period 2017 to 2021.
This report by Technavio offers an in-depth breakdown of the global hydraulic valves market regarding revenue and emerging market trends. The report also includes a current study and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The leading three revenue generating product segments are examined below:
Hydraulic valves market in the oil and gas sector: The growing exploration and production (E&P) activities across the global will increase the application of hydraulic valves in the oil and gas sector over the next few years. The implementation of these valves will help the vendors reduce the CAPEX and increase the productivity of various machinery in this market sector. The rising number of offshore oil and gas discoveries will have a positive impact on the growth of the hydraulic valves market.
“The increasing investment by several leading companies in this market sector for the procurement of equipment and accessories necessary for E&P activities will help in the growth of the hydraulic valves market. Moreover, the progress in the petrochemical and chemical sectors will increase the demand for these machines in the market. Countries like the US, Saudi Arabia, the UAE, India, and China will emerge as the highest revenue generators in the global market,” says Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools.
Hydraulic valves market in the waste and wastewater sector: The rising requirement for efficient water management solutions in countries such as China and India will propel the growth of these devices in the global market. These valves find application in water treatment processes, effluent treatment plants, sewage treatment plants, and water recycling. The stringent water conservation and environmental regulations imposed by governments in various countries will be driving the demand for hydraulic valves across the world.
Hydraulic valves market in the power sector: The extensive expansion of transmission and distribution infrastructure will increase the demand for electricity in the global market, which, in turn, will have a positive impact on the global hydraulic valves market. The implementation of stringent government regulations, growing carbon emission concerns, and fossil fuel scarcity will increase installation of renewable energy plants in the global market. The rise in the number of gas turbine power plants will fuel the demand for hydraulic valves in the market.
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The chief players effective in the global hydraulic valves market are:
- Bosch Rexroth
- Daikin Industries
- Eaton
- Kawasaki Heavy Industries
- Parker Hannifin
The other prominent vendors in the market consist of ENERPAC, HAWE Hydraulik, Emerson Electric, HAWE, Curtiss-Wright, CBF Hydraulic, Sun Hydraulics, Pedro Roquet, Versa Products, and Bermad Water Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Hydraulic Valves Market 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
Other related reports:
- Global Control Valves Market 2016-2020
- Global Hydraulic Equipment Market 2016-2020
- Global Water and Gas Valves Market 2016-2020
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