Global Hydraulic Components Market Overview 2020: Due to COVID-19, Market is Expected to Reach $60 Billion in 2020, Just 1% y-o-y Growth Compared to 2019
Dublin, Feb. 01, 2021 (GLOBE NEWSWIRE) -- The "Hydraulic Components - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.
Construction Machinery is estimated as the largest end-use industry for Hydraulic Components globally, with a US$16.3 billion market in 2019.
The COVID-19 crisis that has the world in its grips has taken a toll of the hydraulic components industry, too, although not to the devastating extent to which other sectors have been affected. Marginal declines are likely to be witnessed across the board over 2019-2020 and some semblance of growth can be expected only towards mid-2022.
However, this positive outlook depends on how the pandemic situation pans out over the coming months and how economies react to developments. Ill-thought out lockdowns being imposed by governments based on the ground situation that varies from region to region have their own negative impact on industrial activity, to which the hydraulic components sector is also susceptible.
During these Pandemic times, the overall global market is expected to reach US$60 billion in 2020, just 1% y-o-y growth compared to 2019.
Research Findings & Coverage
The Hydraulic Components market analyzed in this global report with respect to product types and end-use sectors
Hydraulic Components' market size is estimated/projected in this report by product type and end-use sector across all major regions/countries
Digitalization in Hydraulic Technology Shows Promise
Electrohydrostatic Actuation Addresses Major Challenges Faced by Hydraulics Industry
Latest Technology Trends in Hydraulics Shaping the Market
Future of Hydraulics Signals Towards Auto-Dock Systems
Key business trends focusing on product innovations/developments, M&As, JVs, and other recent industry developments
Major companies profiled - 44
The industry guide includes the contact details for 553 companies
KEY MARKET TRENDS
Digitalization in Hydraulic Technology Shows Promise
Electrohydrostatic Actuation Addresses Major Challenges Faced by Hydraulics Industry
Latest Technology Trends in Hydraulics Shaping the Market
Future of Hydraulics Signals Towards Auto-Dock Systems
Construction Machinery Hydraulics Gain from Innovations
Construction Machinery Hydraulics in an Overhaul Mode
KEY GLOBAL PLAYERS
Bosch Rexroth AG (Germany)
Daikin Industries, Ltd. (Japan)
Danfoss A/S (Denmark)
Eaton Corporation PLC (Ireland)
HYDAC International GmbH (Germany)
Jiangsu Hengli Hydraulic Co., Ltd. (China)
Kawasaki Heavy Industries, Ltd. (Japan)
KYB Corporation (Japan)
Linde Hydraulics GmbH & Co. KG (Germany)
Parker Hannifin Corp (United States)
Poclain Hydraulics France SAS (France)
KEY BUSINESS TRENDS
Launch of Hengli's New HP3V-S Series Heavy-Duty Swash Plate Axial Piston Variable Pumps
Bosch Rexroth Produces New Hydraulic Manifold for Channel Balers
Bosch Rexroth Opens Certified Marine Repair Centers in Istanbul and Singapore
Hydropneu GmbH is Now a New Member of HPS International
The First 16Tm Hyva KNOWLEDGE e-Power Mobile Crane from Hyva Benelux
New Direct Operated Flush Valve from Weber-Hydraulik ValveTech for Cooling
Production Launch of Eaton's SBX Advanced Steering Valve
Launch of New XL4 and XL6 Motor Options with Eaton's Geroler Design
Commissioning of "China Sky Eye" Spherical Radio Telescope Hydraulic Actuator Upgrade Project
Successful Supply of Hengli's 200MW Hydraulic Cylinders for Dubai CSP Super Project Phase I
Atos Proportionals' New Smart Tuning Functionality Simplifies System Start Up
Atos Achieves Renewal of Indian PESO Certification for Ex-Proof On-Off and Proportional Valves
Launch of Eaton's CMT Mobile Valve Section
Launch of Kawasaki's New Hydraulic and Control Technology for the Hydraulic Excavators at IFPE
Shibaura Machine Company is the New Name of Toshiba Machine Company
Launch of New Actuation Option CAN Lite Extended HAWE Hydraulik's Proportional Directional Spool Valve Type
Atos to Produce New Compact DHL Solenoid Valves
Atos to Extend Application of SC LIR Cartridges to Hydraulic Systems with up to 9000 l/min Flow Rate
Hagglunds Hydraulic Direct Drive Systems from Bosch Rexroth for Rubber Industry
Nachi-Fujikoshi Established New Car Hydraulics Plant at Namekawa Works
Inauguration of Linde Hydraulics' New Manufacturing Plant in China
Commissioning of a New Assembly Line at Danfoss' Global Digital Displacement Manufacturing and R&D Facility
Danfoss to Purchase Eaton's Hydraulics Business
New Ex-Proof Proportional Cartridges from Atos
Atos Attains Renewal of ATEX, IECEx and PESO Certifications for Ex-Proof On-Off and Proportional Valves
Enhancement of Atos' PVPC Pumps with Mechanical & Proportional Controls
Eaton Launches Delta Series Motor with Spring-Applied Pressure Release Parking Brake
Atos Integrates Advanced Digital Technologies into High Dynamics Valves
Atos Induction Srl Relocates to Sesto Calende
Fugro Rejoins with Bosch Rexroth
Eaton Introduces New EC007 Barrier Hose
Launch of Eaton's New Synflex Optimum Thermoplastic Hydraulic Hoses and Fittings
Renovation of Atos' Electrohydraulics Manufacturing Site in Shanghai
New QXEHX Internal Gear Pump from Bucher Hydraulics
Danfoss Introduces AB-QM Pressure Independent balancing and Control Valve
Opening of Hyva's New Service and Construction Workshop in the Netherlands
Kawasaki Introduces New Pump and Valve Technology at Agritechnica 2019
Corporate Name Change of Toshiba Machine to Shibaura Machine
Establishment of Toshiba Machine's Local Subsidiary in Italy
Exotic Metals Forming Company Acquired by Parker Hannifin
Launch of Three Versions of New BODAS RC Controllers in Rexroth's 40 Series
Rexroth's EHC-8 Land Leveling System Enable Farmers to Carry out Cost-Effective Operations
Danfoss to Develop a New Generation of Digital Displacement Hydraulic Pumps and Motors
Launch of Eaton's New TFX Remote Monitoring System
Launch of Eaton EC556 Blowout Preventer Hose
TUV Certification for Atos New Digital Proportional Valves / K
Atos Launches PED Pressure Relief Cartridge Valves with up to 420 bar Pressure Range
Atos Presents DKZE-TID Digital Proportional Valves
Opening of Rotary Power's New Facility in North America
Atos to Start Series Production of New DHL Solenoid Valves from Q2 2020
Atos Launches New Ex-Proof Digital Proportionals
New Atos Filters Extend Life of Hydraulic Systems
Weber-Hydraulik Offers Customized Hydraulic Components for Construction Machinery
Weber-Hydraulik's Custom-Made Hydraulic Solutions for Crane Vehicles
Bosch Rexroth's ABMAXX Modular System for Large Hydraulic Power Units
Rexroth's Sytronix Variable-Speed Pump Drives for Use in Metallurgy
Launch of Rexroth's 2WRCE-4X High-Response Directional Cartridge Valves
Hengli's Offshore Platform Lifting Hydraulic System Receives CCS Certification
Weber-Hydraulik's Electro-Hydraulic Systems for Trucks and Commercial Vehicles
Mattro Acquired by HAWE Hydraulik Group
HAWE Hydraulik Enter New Markets by Acquiring Two Business Divisions of HOERBIGER Deutschland Holding
Launch of Hyva KENNIS e-Power Rolloader Crane
Bosch Rexroth Delivers Hagglunds Hydraulic Drive Systems to ThyssenKrupp Industrial Solutions
New CytroBox Hydraulic Power Unit from Bosch Rexroth
Bosch Rexroth's Connected Solutions and Innovative Products Enhance Productivity of Rubber and Tire Producers
Hyva Introduces New Range of Innovative Truck-Mounted Aerial Platforms
Atos to Launch Safety Valves with /K Option
Hyva Extends its Range of Hookloaders with New Titan Long Series
Opening of Kawasaki's New Hydraulic Equipment Production Plant in India
Launch of BODAS-drive eDA Electrohydraulic Solution by Bosch Rexroth
Bosch Rexroth Further Advanced its Virtual Bleed Off Flexible Drive and Control System
Bosch Rexroth Introduces MCR-S Radial Piston Motor
Launch of Rexroth A10VOH Axial Piston Variable Pump
Eaton to Become Bezares' North American Master Distributor for Mobile Power Hydraulic Portfolio
Atos Selected as TechnipFMC Globally Qualified Supplier
Bosch Rexroth Launches EcoLift EL 2
Atos Offers Complete Line of Valves, Pumps and Axis Card with PROFINET IRT Communication
Atos to Receive ATEX and IECEx Certifications for Ex-Proof Proportionals
SDHL Compact On-Off Solenoid Valves Validated for Max Flow Up to 60 l/min
Atos Introduces New ISO Safety Cartridges with FI Inductive Proximity Sensor
Atos' Servocartridges and Servocylinders with Safety Locking
Bosch Rexroth's New Embedded Control XM42
Danfoss to Build a Low-Carbon Global Production Facility in Scotland
Opening of Linde Hydraulics' Second Location in North America
First Ever Safety-Related Package for Presses Developed by Bosch Rexroth
New CytroBox Hydraulic Power Unit from Bosch Rexroth
Lion's Share in Artemis Intelligent Power Acquired by Danfoss
Eaton Launches New ESVL9 Proportional Solenoid Cartridge Valve
TUV Certification for Atos' New Safety Proportional Valves /K and On-Off Safety Valves
Atos Launches New SC LIR Leak-Free Cartridges
Rotary Power Partners with CEDEPA Plant
Rexroth's Modular Drive System with Specially Engineered Control Units for Cooling Systems
New Data-Based Services from Bosch Rexroth for Rail Vehicles
Bosch Rexroth Introduces its First Pre-Assembled Hydraulic Modules
Lloyd's Register Approved Rexroth's ABPAC Hydraulic Power Units for Maritime and Offshore Use
Eaton's AxisPro Valves are Now Available in Two-Stage D05 (NG10) and D07 (NG16) Designs
Launch of Eaton's Boom Stability Control Technology
Bucher Hydraulics Acquires 80% Shares of Wuxi Deli Fluid Technology Co., Ltd.
Official Opening of Atos India Hydraulics Private Limited
Yuken Unveils New Versions Electro-Hydraulic Valves
Weber-Hydraulik Develops Miniature Proportional Directional Control Valve
Bosch Rexroth Applies ETA-Fabrik Research Results in its Hydraulic Component Production Plants
Atos Introduces Leak-Free Cartridges, Low Leakage Solenoid Directionals, and Digital Proportionals
Atos' Digital Servoproportionals for Wind Generators and Entertainment
Bosch Rexroth Partners with TRUMPF and Heraeus Additive Manufacturing
Launch of New Controls and Updates for Eaton's X20 portfolio of Open Circuit Piston Pumps
Establishment of Hyva Nordic in Sweden
HAWE Hydraulik Launches Enhanced FlexUnit Hydraulic Power Units
55% Stake in Hydra-Fab Fluid Power Acquired by HAWE Hydraulik
Kawasaki Partners with Mitsui O.S.K. Lines to Develop Ship Steer Gear Technologies
Atos Introduces DHRZE Proportional Pressure Reducing Valves and Servoactuators
Atos Offers Cylinders for Military Applications
The Oilgear Company Acquired by Texas Hydraulics
Atos' DLWH Leak-Free Intrinsically Safe Directionals for Mining
New WRC-4X Directional Cartridge Valves from Bosch Rexroth
Hytec Acquired by Bosch Rexroth
Launch of Eaton's New Electrohydraulic Cylinder Featuring Valve Integration
Atos' Production Site in Angera is Now Atos Systems Division
Rexroth EDG Electrohydraulic Valve Block Offers the Needed Control of the Working Hydraulics using IT Systems
Availability of Rexroth's Control Valves and Pressure Switches with IO-Link Interfaces
TUV Certification for Atos' Complete Line of Direct and Pilot Operated Directionals
Atos' Digital Proportionals Selected to Operate World's Largest Pivoting Glass Doors
Compact Integrated Electro-Hydraulic Solutions from Bosch Rexroth Offer Plug-and-Play Installation and Control
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