North American Hydraulic Valves Market

Frost & Sullivan, November 2010, Pages: 67

This research covers the state of the North American hydraulic valve market, examining drivers and restraints for growth, key trends, and end-user scenario. Following from these, market growth for end-users and product types are forecasted. In addition, an in-depth analysis of the competitive situation including market participant’s market shares is performed. Hydraulic valves have wide and varied end-user applications and the market is dominated by a few large manufacturers. The base year is 2009 with forecasts running through 2016. The market is further divided into four sub-segments according to the product type. Detailed analysis of each sub-segment is included

This Frost & Sullivan research service titled North American Hydraulic Valves Market provides the drivers, market trends, revenues, product analysis, and end-user forecasts. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: directional control, pressure control, flow control, and electro-hydraulic valves.

Market Overview

Integrated Solutions to be the Way Forward in the Hydraulic Valves Market

A rise in the number of high-power density applications, advances in automation, and the escalating demand for fully integrated solutions bode well for the North American hydraulic valves market. Valve companies that have a pulse on the market are increasingly offering integrated solutions, as customers prefer these to component-level items. Customers have gained maximum value in terms of energy efficiency and low overall operational cost when they have opted for complete solutions. Hydraulic valves’ installation efficiency is critical for improved performance of the overall system, and this has further enhanced the demand for fully integrated solutions. “The vendors are no longer considered pure suppliers of stand-alone components but as providers of integrated solutions replete with design, installation, maintenance, and consulting services,” says the analyst of this research. “End users are ready to pay a premium for advanced equipment and valves that are a part of a whole system.”

While this heightened demand provides valve manufacturers with reasons to feel optimistic, end users’ issues of high energy and labor costs have increased the pressure on them to anticipate and deliver better products and services. The dynamic nature of the market has further challenged them to identify and adapt to such requirements. Majority of the hydraulic valves market has reached maturity and is grappling with typical hurdles such as price wars and competition from alternative technologies. As many established application areas in the major end-user segments are witnessing modest or low growth, manufacturers are beginning to test new areas for fresh business opportunities. To succeed in this competitive market, it is vital for manufacturers to either extend their product range to cater to the specific demands of each application or identify niche market areas for their existing products. For instance, it is crucial for a valve manufacturer providing the agriculture market with small-sized mechanical valves to incorporate electronic controls in the products, as the market is likely to need automatic mobile equipment to counter mounting labor cost.

A continued focus on better technology is expected to boost user confidence and regenerate demand. “The advancements in controls, material technology, and superior construction techniques have helped the hydraulic valve manufacturers to overcome the existing challenges regarding precision motion control,” notes the analyst. “These design enhancements not only aims at obtaining products that are more effective but also focuses on other factors such as lowered maintenance costs and simplicity of operations.” In addition to products, manufacturers also need to focus on developing customer relations, improving customer support, and implementing customer service training for employees to retain their client base.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

By Product Type:
-Directional control valves
-Pressure control valves
-Flow control valves
-Electro-hydraulic valves

By End Users:
-Agriculture and construction
-Machine tools and hydraulic press
-Material handling
-Oil and gas
-Forestry and mining
-Renewable energy
-Food and beverage
-Automobile
-Water and waste water
-Entertainment and simulators
-Plastics

1. Introduction

1.1 Aim and Objectives

1.2 Research Methodology

1.3 Scope of Research

2. Executive Summary

2.1 Market Characteristics Summary and Overview

2.2 Market Segmentation

2.3 Major Trends, Industry Challenges, Market Drivers and Market Restraints

3. Total North American Hydraulic Valves Market

3.1 Market Characteristics and Introduction

3.2 Industry Key Trends

3.3 Industry Challenges

3.4 Market Drivers and Restraints Snapshot

3.5 Market Drivers

3.6 Market Restraints

3.7 Revenue Forecasts

3.8 Forecasts by Product Type

3.9 End-user Scenario

3.10 Forecasts by End-user Type

3.11 Competitive Structure

3.12 Market Share Analysis

4. North American Directional Control Valves Market

4.1 Market Characteristics and Introduction

4.2 Revenue Forecasts

4.3 Competitive Structure

5. North American Pressure Control Valves Market

5.1 Market Characteristics and Introduction

5.2 Revenue Forecasts

5.3 Competitive Structure

6. North American Flow Control Valves Market

6.1 Market Characteristics and Introduction

6.2 Revenue Forecasts

6.3 Competitive Structure

7. North American Electro-hydraulic Valves Market

7.1 Market Characteristics and Introduction

7.2 Revenue Forecasts

7.3 Competitive Structure

8. End-user and Product Definitions

8.1 End-user Definitions

8.2 Product Definitions

9. About Frost & Sullivan

9.1 Who is Frost & Sullivan

9.2 What Makes Us Unique

9.3 T.E.A.M. Methodology

9.4 Global Perspective

List of Figures

Total Hydraulic Valves Market: Consolidated Market Characteristics Summary (North America), 2009-2016
Total Hydraulic Valves Market: Market Characteristics Comparison by End-user Segment (North America), 2009-2016
Total Hydraulic Valves Market: Major Trends, Industry Challenges, Market Drivers and Market Restraints (North America), 2010-2016
Total Hydraulic Valves Market: Consolidated Market Characteristics (North America), 2009-2016
Total Hydraulic Valves Market: Industry Challenges (North America), 2010-2016
Total Hydraulic Valves Market: Market Drivers Ranked in Order of Impact (North America), 2010-2016
Total Hydraulic Valves Market: Market Restraints Ranked in Order of Impact (North America), 2010-2016
Total Hydraulic Valves Market: Revenue Forecasts by Product Type (North America), 2006-2016
Total Hydraulic Valves Market: End-user Segment Revenues by Product Type (North America), 2009
Total Hydraulic Valves Market: Revenue Forecasts by End-user Segment (North America), 2006-2016
Total Hydraulic Valves Market: Revenue Forecasts by Mobile End-user Type (North America), 2006-2016
Total Hydraulic Valves Market: Revenue Forecasts by Industrial End-user Type (North America), 2006-2016
Total Hydraulic Valves Market: Competitive Structure (North America), 2009
Directional Control Valves Market: Consolidated Market Characteristics (North America), 2009-2016
Directional Control Valves Market: Revenue Forecasts (North America), 2006-2016
Directional Control Valves Market: Competitive Structure (North America), 2009
Pressure Control Valves Market: Consolidated Market Characteristics (North America), 2009-2016
Pressure Control Valves Market: Revenue Forecasts (North America), 2006-2016
Pressure Control Valves Market: Competitive Structure (North America), 2009
Flow Control Valves Market: Consolidated Market Characteristics (North America), 2009-2016
Flow Control Valves Market: Revenue Forecasts (North America), 2006-2016
Flow Control Valves Market: Competitive Structure (North America), 2009
Electro-hydraulic Valves Market: Consolidated Market Characteristics (North America), 2009-2016
Electro-hydraulic Valves Market: Revenue Forecasts (North America), 2006-2016
Electro-hydraulic Valves Market: Competitive Structure (North America), 2009

Lis of Charts:
Total Hydraulic Valves Market: Percent of Revenues by Product Type (North America), 2009
Total Hydraulic Valves Market: Market Segmentation (North America), 2009
Total Hydraulic Valves Market: Product Segmentation (North America), 2009
Total Hydraulic Valves Market: Market Drivers and Restraints (North America), 2010-2016
Total Hydraulic Valves Market: Revenue Forecasts (North America), 2006-2016
Total Hydraulic Valves Market: Company Market Share by Revenues (North America), 2009
Total Hydraulic Valves Market: Company Market Share by Revenues for Mobile End-user Segment (North America), 2009
Total Hydraulic Valves Market: Company Market Share by Revenues for Industrial End-user Segment (North America), 2009
Directional Control Valves Market: Company Market Share by Revenues (North America), 2009
Pressure Control Valves Market: Company Market Share by Revenues (North America), 2009
Flow Control Valves Market: Company Market Share by Revenues (North America), 2009
Electro-hydraulic Valves Market: Company Market Share by Revenues (North America), 2009

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