DUBLIN, Feb. 9, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Hydraulic Pump Market - Forecast (2016-2022)" report to their offering.
Hydraulic pump is the pump which converts mechanical energy into hydraulic energy while working on the displacement principle. Hydraulic energy hence produced is utilized to perform various tasks such as lift, lower, open, close or rotate components in various mobile and industrial application areas.
Globally, an increase in construction activities, rising sales of automobiles and increasing application in the mining industry are the major factors which are expected to be key growth drivers during the period of study. Apart from this, government regulations focused towards reduction of CO2 emission and increased awareness about energy saving has also led to the expansion of this market. However, high cost of manufacturing is a major challenge faced by the players operating in the market and is expected to be the key restraining factor for the hydraulic pump market during the period of study.
Geographically, Asia-Pacific dominated the hydraulic pump market driven by higher demand and consumption of hydraulic pumps in various industrial applications. Asia-Pacific was followed by North America and Europe as second and third largest market for the hydraulic pump market. Asia Pacific is projected to have the fastest growth, owing to rapidly developing industrial infrastructure, increasing number of end-use industry players in the region, especially in developing nations such as China and India.
Key Topics Covered:
1. Market Overview
2. Executive Summary
3. Market Landscape
4. Market Forces
5. Strategic Analysis
6. Hydraulic pump Market, By Product Type
7. Hydraulic pump Market, By Application
8. Hydraulic pump Market, By Geography
9. Hydraulic pump Market - Entropy
10. Company Profiles
- Bosch Rexroth Ltd.
- Eaton Corporation Plc
- Danfoss Power Solutions
- Parker Hannifin Corporation
- Actutant Corporation
- Bailey International LLC
- Linde Hydraulics
- Dynamatic Technologies Ltd.,
- Hydac International
- Toshiba Machine Co. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/lpnxwd/hydraulic_pump
Laura Wood, Senior Manager
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SOURCE Research and Markets