Dallas, Texas (PRWEB) February 06, 2015
The latest report announced “Global Hydraulic Equipment Market 2015-2019” says one of the major trends in the market is the increased demand for fire-resistant hydraulic fluids. Hydraulic equipment operating under extreme heat conditions may suffer from the risk of oil leakage, resulting in a high fire risk, so a fire-resistant hydraulic fluid (FRHFs) is the best choice.
According to the “Global Hydraulic Equipment Market 2015-2019” report, one of the major drivers in the market is the increased growth in the Construction industry. Hydraulic equipment such as pumps, valves, and cylinders is used in construction equipment such as cranes and forklifts, which are used in the construction of roads, railways, housing, infrastructure, and airports. Large-scale construction projects in developing countries has led to an increase in the demand for hydraulic equipment. Various infrastructure projects like construction of roads, railways and housing have led to an increase in the demand for earthmoving equipment like excavators, loaders, bulldozers and cranes that use hydraulic equipment.
The report also emphasizes an increase in the demand for hydraulic equipment that rely on water glycol fluids and polyol esters fluids because of their fire-resistant property. Vendors are now more focused on developing equipment with fire-resistant fluids to reduce any potential risks associated with using the equipment.
The selection of fire-resistant fluids must be done based on required system performance, cost and stability. Selecting the right fire-resistant fluid often means striking a compromise for a solution that minimizes cost and at the same time maximizes benefits. Increased demand for fire-resistant hydraulic fluids in order to ensure safety is also expected to propel the growth of this market over the forecast period.
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The report recognizes the following companies as the key players in the Global Hydraulic Equipment Market: Bosch Rexroth Corp., Daikin Industries Ltd., Eaton Corp. and Parker Hannifin Corp.
Other Prominent Vendors in the market are: Bailey International, Bosch Rexroth, Daikin Industries, Dongyang Mechatronics, Eaton, Feintool International, KYB, Moog, Parker Hannifin, Toshiba Machine and Wipro Infrastructure Engineering.
Further, the report states that one of the major challenges that the market faces is the high maintenance cost. Continuous maintenance is required to detect and rectify any failure of the equipment. The major issues with hydraulic equipment are the generation of abnormal noise and the failure of the equipment under a high fluid temperature.
Another related report Global Hydraulic Valve Actuators Market 2015-2019 says a major trend emerging in the Global Hydraulic Valve Actuators market is the horizontal integration of manufacturers to provide one-stop solutions over sales of individual equipment. By providing integrated solutions and services, vendors are capable of distinguishing themselves from other competitors and generating more revenue with lower overall operational costs and fewer related MRO and other aftermarket activities.
According to the report, the major driver for the growth of the Hydraulic Valve Actuators market is the expansion in both conventional and unconventional oil and gas extractions, for instance, shale gas extraction in North America, subsea extraction in Latin America and Europe, and conventional extraction in the Middle East and Africa. The advent of the electro-hydraulic-powered system has introduced certain benefits such as accuracy and remote access that were initially absent in conventional hydraulic systems.
Further, the report states that the increase in popularity of electric actuators for high load usage has led to the replacement of hydraulic valve actuators with electric actuators in numerous end-user applications. The emphasis on repair and refurbishment of existing hydraulic actuators by numerous end-users has led to lower sales of new equipment.
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