Global Hydraulic Valves Market 2017-2021

Overview of the hydraulic valves market

Technavio’s market research analysts have predicted that the global hydraulic valves market will witness steady growth and post a CAGR of nearly 4% over the forecast period. With a proliferating water and wastewater treatment industry, the market for hydraulic valves is anticipated to have a positive outlook over the next four years. Globally, there is an increased demand for uncontaminated and high-quality water for domestic consumption purposes. Advanced economies have the well-developed infrastructure for water production. However, they lack effective supply facilities, resulting in impurities polluting the water during conveyance. Moreover, in developing countries like India and China the majority of the population lack access to potable water. Moreover, government regulations on industrial wastewater disposal in APAC are almost negligible, which has led to the contamination of natural reservoirs. Such factors have led to increased investment in the water and wastewater treatment industry, which will, in turn, boost the demand for hydraulic valves over the next four years.

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One of the recent trends gaining significant traction in the market is the rapid development of natural gas infrastructure in China. The extensive use of coal has resulted in high levels of air pollution in China and therefore, to overcome this long-standing issue, the country is rapidly reducing its dependence on coal and switching to cleaner alternatives such as natural gas. Also, natural gas is cheaper to produce and has low emission characteristics. Increased reliance on natural gas will propel investment in gas pipeline construction-related projects, which will, in turn, drive the hydraulic valves market.

Competitive landscape and key vendors

The global hydraulic valves market is highly fragmented with the presence of well-diversified international, regional, and local vendors. The competitive environment in this market is expected to intensify further with the increase in product extensions, innovations in technology, and mergers and acquisitions. It is expected that international players will grow inorganically by acquiring regional or local players.

Key vendors in this market are -

• Bosch Rexroth
• Daikin Industries
• Eaton
• Kawasaki Heavy Industries
• Parker Hannifin

Other prominent vendors in the market include ENERPAC, HAWE Hydraulik, Emerson Electric, HAWE, Curtiss-Wright, CBF Hydraulic, Sun Hydraulics, Pedro Roquet, Versa Products, and Bermad Water Technologies.

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Segmentation by end users and analysis of the hydraulic valves market

• Oil and gas
• Water and wastewater
• Power
• Construction and earthmoving

The oil and gas segment dominated the global hydraulic valves market during 2017 and will continue its dominance over the next four years. During the forecast period, it is expected that there will be less spending on the procurement of equipment and accessories necessary for carrying out exploration and production activities. The reduced spending in the procurement of equipment will lead to a reduced demand for hydraulic valves in the market. However, the proliferation of the downstream, and petrochemical and chemical sectors will propel this segment’s growth prospects until the end of 2021.

Geographical segmentation and analysis of the hydraulic valves market

• Americas
• APAC
• EMEA

In terms of geography, the APAC region was the highest revenue contributing region in the global hydraulic valves market during 2016 and will continue to lead the market over the next four years. An expanding population increased urbanization, and the expanding middle class in the region have resulted in an augmented demand for oil and gas, electricity, and chemicals in emerging economies such as India, Indonesia, and China. Moreover, the increasing need for potable water in the region will result in the setting up of several wastewater treatment plants, which will drive this market’s growth in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global hydraulic valves market?
• What are the key market trends impacting the growth of the global hydraulic valves market?
• What are the challenges to market growth?
• Who are the key vendors in the global hydraulic valves market?
• What are the market opportunities and threats faced by the vendors in the global hydraulic valves market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global hydraulic valves market?

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