LONDON--(EON: Enhanced Online News)--Technavio has announced the top five leading vendors in their recent global hydraulic valves market report until 2021. This research report also lists ten other prominent vendors that are expected to impact the market during the forecast period.
“The global hydraulic valves market size is projected to grow to USD 34.7 billion by 2021, at a CAGR of close to 4% over the forecast period. The rising demand for hydraulic valves from the water and wastewater industry is one of the key driving factors of the market”
The research study by Technavio on the global hydraulic valves market for 2017-2021 provides a detailed industry analysis based on end-users (oil and gas, water and wastewater, power, and construction and earthmoving) and geography (APAC, the Americas, and EMEA).
“The global hydraulic valves market size is projected to grow to USD 34.7 billion by 2021, at a CAGR of close to 4% over the forecast period. The rising demand for hydraulic valves from the water and wastewater industry is one of the key driving factors of the market,” says Anju Ajaykumar, a lead analyst at Technavio for engineering tools research.
Competitive vendor landscape
The global hydraulic valves market is characterized by well-diversified international, regional, and local vendors. Key vendors operating in this market are Bosch Rexroth, Daikin Industries, Eaton, Kawasaki Heavy Industries, and Parker Hannifin. Substantial demand for hydraulic valves from the oil and gas industry has created an environment of high competition among the vendors in the market. The competitive environment is expected to intensify further during the forecast period with the increase in product extensions, innovations in technology, and mergers and acquisition.
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About the top five global hydraulic valves market vendors
Bosch Rexroth offers its customers hydraulics, gear, electric drives and controls, and linear motion and assembly technologies. It provides industrial hydraulics products such as motors, pumps, cylinders, proportional servo valves, accumulators, filters, oil treatment systems, and secondary controls.
Daikin Industries provides advanced, high-quality air conditioning and refrigeration solutions, fluorochemicals, and oil hydraulics. The company provides hydraulic equipment through its oil-hydraulics division. It provides products such as energy-saving hydraulic units, motor pump, piston pumps, rotor pumps, vane pumps, gear pumps, pressure control valves, flow control valves, oil coolers, hydraulic units and accessories, and sub plates.
Eaton designs, manufactures, and sells high-efficiency hydraulic systems and its components that are used in mobile and industrial sectors. It is a power management company that provides solutions in various divisions such as electrical, hydraulics, filtration, aerospace, industrial clutches and brakes, and vehicle.
Kawasaki Heavy Industries
Kawasaki Heavy Industries manufactures transportation equipment and industrial goods. The company’s product portfolio includes aircraft, motorcycles, helicopters, jet engines, general-purpose robot, merchant ships, hydraulic pumps and motors, and aerodynamic machinery. It operates its business through eight reportable business segments, ship, and offshore structure, rolling stock, aerospace, gas turbines and machinery, plant and infrastructure, motorcycle and engine, precision machinery, and others.
Parker Hannifin manufactures motion and control technologies and systems. These products provide precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company operates its business through two reportable segments, namely diversified industrial and aerospace.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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