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Hydraulic Pump Market is Expected to Reach $10.4 Billion, Globally, by 2022

Hydraulic Pump Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $10.4 billion by 2022, registering a CAGR of 4.7% during the period 2016-2022. In the year 2015, the Asia-Pacific region accounted for the largest market share of 36.7%, followed by North America. Growth in developing countries including China and India would primarily be supplemented by increasing usage of hydraulic pumps in manufacturing industry, construction activities and in automobiles.<br>Download sample of this report : https://goo.gl/4vjQxR

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Hydraulic Pump Market is Expected to Reach $10.4 Billion, Globally, by 2022

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  1. HydraulicPump Market Opportunities and Forecasts, 2014 - 2022

  2. Introduction • Increase in construction activities globally, rising sales of automobiles and increasing application in mining industry are the major factors propelling the demand for hydraulic pumps. In addition to this, government regulations focused towards reduction of CO2 emission and increased awareness about energy saving has led to the expansion of this market. • However, high cost of manufacturing is a major challenge faced by the players operating in the market. Increasing pace of infrastructural improvement and increasing demand for renewable energy offers promising opportunity for players in the hydraulic pump market.

  3. Current and Future Market Scenario • In the year 2015, Asia-Pacific was the highest revenue-generating region for hydraulic pumps, followed by North America • Growth in LAMEA is likely to be supplemented by increasing usage of hydraulic pumps in mining and oil extraction activities • Mobile application was the major revenue-generating application segment in 2015 • The industrial application segment would grow at a faster CAGR of 5.5% during 2016-2022

  4. Factors Contributing Market Growth • Among all product types, gear pumps dominated the market in 2015, accounting for over 50% of the overall market revenue owing to their compatibility with varied fluid types and lower cost as compared to other product types. • Piston pump is expected to be the fastest growing product category, on account of its high efficiency, reliability, and increasing usage in high pressure application areas such as mining, construction, and others.

  5. Hydraulic Pump Market Segment

  6. Region Overview • Asia-Pacific region accounted for the largest market share of 36.7% followed by North America. • Growth in developing countries including China and India would primarily be supplemented by increasing usage of hydraulic pumps in manufacturing industry, construction activities and in automobiles.

  7. Leading Players • The key market players profiled are Bosch Rexroth Ltd., Eaton Corporation Plc, Danfoss Power Solutions, Parker Hannifin Corporation, Actutant Corporation, Bailey International LLC, Linde Hydraulics, Dynamatic Technologies Ltd., Hydac International and Toshiba Machine Co. Ltd.

  8. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/hydraulic-pump-market Follow Us On

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