DUBLIN, June 03, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/9q5sz3/hydraulic_power) has announced the addition of the "Hydraulic Power Unit Market by Applications, Operating pressure, & by Region - Global Trends & Forecast to 2019" report to their offering.
The HPU market is estimated to reach $6.0 Billion at a CAGR of 5.6% from 2014 to 2019.
Increasing population and better living standards in developing countries have led to a surge in energy and infrastructural demands. The total world population was 7.3 Billion in 2014, and is expected to grow at a rate of 1.14% per year.
Emerging economies such as China, India, and Brazil are trying to develop infrastructure to provide their people the basic amenities. This is likely to boost the construction market of these countries, thereby augmenting the Hydraulic Power Unit (HPU) market in the region. Asia-Pacific held the largest share of approximately 34% in 2013, followed by North America, which held 22% of the total market share in the same year, and is expected to grow at a CAGR of 4.3% during the forecast period.
The HPU is an integrated package comprising hydraulic motor, hydraulic pump, and reservoir/accumulators along with other accessories such as valves, tubes, filter, regulators, and instruments to monitor the performance of the unit. It is used to transmit, control, and distribute energy from a pressurized fluid to perform various mechanical tasks. It is the main component of hydraulic systems producing enormous amount of power, driving various hydraulic rams and equipment.
The applications of HPU are wide and varied; they are used in various applications such as presses, machine tools, Computerized Numerical Control (CNC), saws, and lifts among others. Construction, agriculture, truck& bus, and industrial machineries such as machining tools, saws, and (CNC) are the major end-users of HPU. These are also used in construction equipment such as fork lifters, crushers, cranes, and excavators among others.
Potential growth of the manufacturing business in countries such as Mexico, Germany, and China has led to an increase in the HPU market. The demand for HPU is high in developing countries such as Indonesia and China due to an increase in construction activities in the region. In addition, HPU is installed in both mobile and industrial applications.
Asia-Pacific is the largest and fastest growing market for HPUs, owing to increased construction activities. The Middle East is also one of the attractive markets for HPUs due to construction activities taking place in the region for upcoming international events.
Currently, the mobile application dominates the HPU market mainly due to continuous and large increment in the U.S. construction and industrial production activities. Industrial applications, such as the usage of HPU in hydraulic presses, for the purpose of stamping in the automotive industry, forming, wind turbine, solar panel, and others occupy the second largest market; this application is expected to witness a moderate growth rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 HPU Market, By Pressure Rating
8 HPU Market, By Application
9 HPU Market, By Region
10 Competitive Landscape
11 Company Profiles
- Bailey International LLC
- Bosch Rexroth AG.
- Brevini Fluid Power SPA
- Eaton Corporation.
- Hydac International GmbH
- Hydro-Tek Co Ltd.
- MTS Systems Corporation.
- Nachi-Fujikoshi Corporation
- Parker Hannifin Corporation
- Shanghai Mocen Fluid Power
- Weber Hydraulik GmbH.
For more information visit http://www.researchandmarkets.com/research/9q5sz3/hydraulic_power
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets