The Global Hydraulic Equipment Market Size is estimated to be grow USD xx.xx billion in 2018 and is expected to reach USD xx.xx billion by 2025, recording a CAGR of x.x% over the forecast period. Hydraulic equipment uses the pressurized fluid to generate the power. These fluids can be either water or oil. Rising building and construction activities is the major factor which is driving the growth of the global hydraulic equipment market. Construction activities have been rising around the world, mainly in developing economies. Residential sector is one of the important growth sector in the construction industry.
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The North America accounted for one of the fastest growing hydraulic equipment market share, with rising infrastructure opportunities in the innovative economies such as the United States, this area will remain to continue to lead the market over the forecast period.
The global hydraulic equipment market is segmented based on application, product, end-use, and geography. By product, this market is classified into motors, filters, cylinders, valves, accumulators, pumps, transmissions and others. Based on application, the hydraulic equipment market is classified as mobile and industrial. The mobile segment values for almost xx% of the hydraulic equipment market and it is expected to grow one of the leading market over forecast period. By end-use, the global hydraulic equipment market is categorized as food & beverage, water and wastewater, oil & gas, automotive, renewable energy, plastics, machine tools, hydraulic press, simulators, entertainment and others. Geographically, this market is sub-segmented into Europe, North America, Europe, South America, Asia-Pacific and Rest of the World.
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The incessant replacement of hydraulic usage with full of electrical systems is one of the major factors hindering the progress or growth of global hydraulic equipment market. Various mobile applications are using electronic equipment related with hydraulic equipment, it turn positive impact on the growth of hydraulic equipment market during the forecast period.
Global hydraulic equipment market: Trends
The growing diffusion of IoT and digitization in hydraulic devices is a key trend of global hydraulic equipment market. The IoT technology used for defining connector leakage or hydraulic hose failure which is one of the main issue with hydraulic systems.
Global hydraulic equipment market: Key Players
- Bosch Rexroth
- Eaton
- Parker Hannifin
- Moog
- Kawasaki Heavy Industries
- Wipro Infrastructure Enginieering
- WEBER-HYDRAULIK
- Dongyang Mechatronics
- Brevini Fluid Power
Global hydraulic equipment market: Segmentation
By End-use
- Water and Wastewater
- Automotive
- Oil and Gas
- Renewable
- Machine Tools
- Hydraulic Press
- Plastics
- Simulators
- Entertainment
By Type
- Valve
- Pump and Motor
- Cylinder
- Transmission
- Filters
- Accumulators
- Others
By Application
- Mobile
- Industrial
By Region
- Europe
- North America
- South America
- Asia-Pacific
- Rest of the world
Global hydraulic equipment market: Drivers
- Renewed funds in infrastructure
- Attention on energy efficiency
- Rising diffusion of smart solutions
What to expect from the upcoming report on ‘Global Hydraulic Equipment Market’:
- Analysis of future prospects as well as global hydraulic equipment market trends over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including end-user, application, manufacturing process and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis
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Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy
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The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devises, rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for eco-friendly products, an increasing number of diagnostic centers & hospitals, and the growing opportunities in emerging economies.
However, factors such as stringent regulations on the import and use of refurbished medical devices in certain countries, lack in the standardization of policies for the use & sale of refurbished devices, increase in the influx of low-cost new medical devices, and the negative perception about the quality of refurbished medical devices are expected to restrain the market growth.
Furthermore, the growth of the market is expected to be slowed temporarily due to the COVID-19 pandemic during the forecast period.
The refurbished medical equipment market is segmented into medical imaging equipment, operating room & surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and other medical equipment.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=770The rising demand for diagnostic imaging procedures, the high price of new medical imaging equipment, a growing number of target diseases, widening application of diagnostic imaging procedures, regulatory approvals in using refurbished medical equipment, low purchasing power in emerging economies, and established & government validated refurbishment processes adopted by major OEMs are factors expected to drive the growth of this market segment in the coming years.
The rising adoption of refurbished medical equipment, increasing focus of hospitals on providing affordable treatment and care, and growing emphasis on high returns on investment are some of the key factors driving the growth of this market.
