Hydraulic Valves Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC614

Introduction

Hydraulic valves are a vital feature of hydraulic power systems. They regulate the flow and pressure of water or oil in the systems by controlling the volume of fluid that flows through the system. The increasing demand for hydraulic valves from wastewater and water industry is one of the main forces driving the market growth.

Market Dynamics

The global hydraulic valves market is highly fragmented with the presence of well-diversified national and international vendors. Opportunities are manifold such as - the intense competitive environment in this market is expected to get bigger with the rise in product extensions, brand-new technology, and amalgamations. Positively, the global hydraulic valves market will witness steady growth over the forecast period. Globally, there is an increase in demand for uncontaminated and pure water for domestic consumption purposes. Advanced economies have a well-developed infrastructure for water production. However, there are a few challenges such as the BRIC nation’s lack of effective supply facilities, resulting in impurities polluting the water during conveyance and government regulations on industrial wastewater disposal in APAC, which has led to the contamination of natural reservoirs. Nonetheless, such factors have led to the increased investment in water and wastewater treatment industry, which, in turn, is expected to boost the demand for hydraulic valves over next five years.

Market Classification and Overview

The hydraulic valves market is bifurcated on the basis of type, application, end-use industry, and geography. The different types of hydraulic valves include directional, flow, and pressure. Directional hydraulic valve is the largest market segment and is the most widely used type as it caters to almost every type of industrial application. It is the most popularly used type of hydraulic valve as it is easy to install, resistant to wear and tear, and non-corrosive where there are spatial constraints. However, pressure hydraulic valve is the fastest growing type in hydraulic valves market. This is primarily because they are best suited for applications requiring safety norms, systematic control, load holding, countless pilot ratios, and fabulous stability for all types of loads. Flow control valve keep the set flow rate constant, even if load pressure and oil temperature varies. It makes it possible to regulate the oil flow to a small amount. Based on application, the market is further segmented into oil & gas, power generation & automotive, chemicals & mining and others. Oil & gas segment accounts for nearly half of the global consumption of hydraulic valve market, followed by power generation & automotive segments. Directional hydraulic valve segment is the fastest growing market owing to the rising standard of living and know-how about the benefits of directional valves in different industry applications.

Regional Overview

The market for hydraulic valves is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA). Asia-Pacific was the highest revenue-contributing region in the global hydraulic valves market in 2016 and will continue to lead the market in next five years. North America was the second biggest market followed by Europe. The market for hydraulic valve in Asia-Pacific is further projected to witness highest growth in 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 owing to the increase in demand for oil and gas, electricity, and chemicals. The market will also experience increased demand for potable water in emerging economies like India, Indonesia, and China. This will result in the setting up of several wastewater treatment plants, which will drive this market’s growth in the region.

Report Coverage

Market

Hydraulic Valve Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Some of the major players in this market are Eaton, Bosch Rexroth, Daikin Industries, Kawasaki Heavy Industries, and Parker Hannifin. Other prominent vendors in the market include ENERPAC, Curtiss-Wright, Hydraulik, Emerson Electric, HAWE, CBF Hydraulic, Sun Hydraulics, Pedro Roquet, Versa Products, and Bermad Water Technologies among others. These players involved have adopted the strategies including mergers and acquisitions with local as well as established players.

Market Segmentation

Market By Type

·         Directional

·         Control

·         Pressure

Market By Application

·         Oil and Gas

·         Chemicals

·         Hydropower Station

·         Others

Market By End-Use Industry

·         Power

·         Oil and Gas

·         Water and Wastewater

·         Construction and Earthmoving

·         Marine and Aerospace

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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