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European Hydraulic Equipment Markets for Industrial Applications
Frost & Sullivan, March 2011, Pages: 79
The study, European hydraulic equipment market for industrial applications analyses the drivers for growth and restraints for adoption along with the pricing and technology trends. In addition, an in-depth analysis of the various hydraulic equipment used in industrial applications such as hydraulic pumps & motors, valves, cylinders, accumulators & filters, power packs and other hydraulic equipment is covered. The revenue forecasts for the above product segments across the various European geographies until 2017 have been included. The competitive structure along with the market shares of the top competitors is mentioned.
This research titled European Hydraulic Equipment Markets for Industrial Applications offers a comprehensive examination of the market including key market drivers and restraints. It also offers revenue forecasts for the total market and each product type. In this research, Frost & Sullivan's expert analysts thoroughly examine the following product segments: pumps and motors, cylinders, power packs, accumulators and filters, valves and others (hoses, tubes, hydraulic fittings, connectors, couplings, sensors, switches and other monitoring equipment). End-user segments include: machine tools, plastics, automobile, water and wastewater treatment, hydraulic press, renewable energy, food and beverage, entertainment, simulators and others (packaging, oil and gas, metals and mining, chemicals, wood, pulp and paper, electronic & semiconductor and niche applications). It covers the following geographic areas: Germany, France, Italy, the United Kingdom, Benelux, Iberia, Scandinavia, Rest-of-western Europe and Eastern Europe.
Market Overview
Hydraulic Equipment in Industrial Applications Likely to be Replaced by Alternative Motion-control Technologies
The industrial hydraulic equipment market is mature. Alternative electro-mechanical and electro-static solutions such as electric drives, are replacing hydraulics in industrial applications, as they are more efficient, cheaper and available at shorter lead times. “Manufacturers have been integrating electronic controls with hydraulic equipment for increased accuracy and efficiency,” remarks the analyst of this research. “These improvements have played a significant role in sustaining the demand for hydraulic equipment.”
To a certain extent, the integration of electronics into hydraulic systems has helped the hydraulic equipment market sustain revenues. However, as rapid technological developments in the various fields of alternative motion control continue, it is widely accepted that many hydraulic equipment applications may be replaced by more effective methods in the future.
Consolidation to Define Competitive Landscape
Hydraulic equipment has a large installed base, which will have to be replaced or repaired within a specific time frame. The major factor sustaining the replacement market has been leakage related issues caused by ageing and corrosion in hydraulic cylinders and accessories. Even during the economic slowdown, many end users postponed new installations and invested instead in repairs and replacements. “The use of hydraulic systems in mechanised processes is being threatened by the increased use of electrically-operated drives and motors that offer accurate performance and re-programmable digital control and settings, except in high pressure applications,” states the analyst. “Electrically-operated equipment is able to meet customer demands for greater levels of accuracy and efficiency from automation apparatus.”
The market is poised to witness increased consolidation due to pricing pressures and competition from low-cost imports. Small- and medium-sized organisations are unlikely to be able to withstand the competition from low-cost Asian manufacturers and decreased profit margins. “Large multinationals are continuously looking to expand in terms of products and geographies,” concludes the analyst. “This could compel small- and medium-sized organisations to collaborate or merge with their bigger counterparts.”
Market Sectors
Expert analysts thoroughly examine the following product segments in this research:
- Pumps and motors
- Cylinders
- Power packs
- Accumulators and filters
- Valves
- Others (hoses, tubes, hydraulic fittings, connectors, couplings, sensors, switches and other monitoring equipment)
By End user:
- Machine tools
- Plastics
- Automobile
- Water and wastewater treatment
- Hydraulic press
- Renewable energy
- Food and beverage
- Entertainment
- Simulators
- Others (packaging, oil and gas, metals and mining, chemicals, wood, pulp and paper, electronic & semiconductor and niche applications)
By Geographic Area:
- Germany
- France
- Italy
- The United Kingdom
- Benelux
- Iberia
- Scandinavia
- Rest-of-western Europe
- Eastern Europe
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