TechNavio today launched its report, Fluid Power Pump and Motor Market in the US 2012-2016, based on an in-depth analysis exclusively focusing on the US market. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The development of micro-disc pump technology is one the major trends in this market. This technology allows manufacturers to develop small-sized energy-efficient disc pumps. The increasing trend of miniaturization, portability, and discrete operation in medical devices, diagnostics, and electronics is driving the demand for small, silent, energy-efficient, and high-performance pumps. These disc pumps have already been used in wound therapy applications and other portable medical applications such as blood pressure measurement. In addition, disc pumps are used for micro-fluidic and industrial applications where size, noise, and controllability are important design factors.”
According to the report, one of the major drivers of the Fluid Power Pump and Motor market in the US is the increasing demand for fluid power pumps and motors from process industries such as Water Management, Paper and Pulp, Oil and Gas, Energy, Petrochemical, and Thermal Management. Currently, the market generates the majority of its revenue from process manufacturing industries in the US. Since the end of the global economic recession, the process industries in the US have been growing at a rapid rate, which in turn is creating more opportunities for the Fluid Power Pump and Motor market in the US.
Further, the report reveals that the lack of effective product differentiation is one of the major challenges facing the Fluid Power Pump and Motor market in the US.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/fluid-power-pump-and-motor-market-us-20…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Fluid Power Pump and Motor Market in the US 2012-2016
