The global hydraulic equipment market is estimated to grow at a CAGR of 4.3% during the forecast period. The market was valued at nearly $44.1 billion in 2019, which is estimated to reach nearly $59.3 billion in 2026. Some pivotal factors encouraging the market growth include the rising construction and mining activities and expansion of oil and gas operations. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals in 2019, which is more than $2 billion higher compared to revised 2018 production totals. The materials that can be extracted from the seabed comprise mineral sands (ilmenite, rutile, zircon), gold, tin (cassiterite), aluminum (bauxite+ e), diamond deposits, and rocks salts.
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This equipment is safe to use in mines and chemical plants as it does not cause sparks. Some brands that offer hydraulic equipment for mining applications include Bucher Hydraulics, Milwaukee Cylinder, Stauff, Dellner Brakes, and Svendborg Brakes. Bucher Hydraulics offers Proportional Directional Valves MV that is used to offer load-independent speed control of cylinders and motors. The advantages of these hydraulic valves include primary pressure relief for each actuator, individual matching of flow rates, monoblock construction, up to 4 actuator sections, adaptable building-block system, and inlet hydrostat (3-way compensator). It is suitable for applications in construction machines, mining, offshore, municipal equipment, and offshore.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Hydraulic Equipment Market-Segmentation
By Type
- Mobile Hydraulics
- Industrial Hydraulics
By Product
- Motors and Pumps
- Valves
- Cylinders
- Others
By End-User Industry
- Construction and Mining
- Agriculture
- Oil and Gas
- Automotive
- Aerospace and Defense
- Others
Global Hydraulic Equipment Market– Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hydraulic equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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