NEW YORK, Dec. 17, 2016 /PRNewswire/ -- Cost-efficient, Electronic Integration, and One-stop Hydraulic Solutions to Stimulate Demand and Support Industrial Internet of Things (IIoT)
The study aims to analyze and forecast the global industrial hydraulic equipment market from 2016 to 2020. It offers a holistic picture of the opportunities, challenges, and threats for the industrial hydraulic equipment markets across the globe and emphasizes the key initiatives propelling growth.
Market Trends (regulatory mandates, economic viability, and new technologies)
In-depth analysis with market sizing of product segments: pumps, motors, valves, cylinders, transmission, accumulators and filters, and accessories
Regional perspective of demand pattern in various advanced and emerging markets: North America, Europe, Middle East and Africa, Asia-Pacific, and Rest of the World
New product capabilities: Integration with electronics, miniature, compact, modular, and intelligent hydraulic systems
Acceptance of such advanced capabilities by various end-user markets: Machine tools, automotive, plastics, water and wastewater, hydraulic presses, renewable energy, food and beverage, entertainment and simulators, and others.
The global industrial hydraulic equipment market is estimated to cross 15 USD billion by 2020. Popularly known for its robust and sturdy built-in features enabling operations under extreme environment conditions, this market is gradually transforming from pure hydraulics to more of electronically integrated products. The study captures hydraulic manufacturers' investment perspectives on embedding new technology and promoting smart operations and its implications towards reducing energy consumption and operation costs and enhancing productivity.
With 2015 as the base year, this research study provides estimates of the market size and future growth prospects up to 2020. For this purpose, a specific methodology is followed that includes discussion with senior management of hydraulic manufacturers. This primary research is also supported by secondary research.
The objective of this study is to identify strategic opportunities for industrial hydraulic manufacturers by extensively analyzing routes toward the expansion of their current product and service portfolios. It analyses both current and future trends impacting the industrial hydraulic market in uncertain economic conditions and in light of constantly changing end-user needs.
Key Questions this Study Will Answer
What is the size of the market and is the market growing? What are the main areas of opportunity for the manufacturers?
What are key trends emerging in the industrial hydraulic market and its impact of the growth prospects of this industry?
What are the key challenges faced in the industrial application market?
What key Mega Trends are influencing the growth of the hydraulic market and what are their potential impacts in the long term?
What are some of the breakthrough technologies that industrial hydraulic manufacturers are investing on?
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