What is Cartridge Valve Market?
Cartridge Valves are industrial hydraulic valves which are mainly used for directional, pressure, check, as well as flow control. It is also known as 2/2-way valves or logic elements. Some of the features of cartridge valve are increased power density, several functions at one mounting position, higher permissible operating pressures, insensitive to water-based fluids, insensitive to high-pressure drops, increased power density, among others. It can be used in super high flow systems and hazardous environments and greater stability across all operating conditions. It is available for pressure, flow, directional control up to 5000 psi and 50+ GPM.
The market study is being classified by Type (2-way Slip-in Cartridge Valves, 2 and 3-way Servo Cartridge Valves, 2-way Proportional Cartridge Valves and 2-way Screw-In Cartridge Valves), by Application (Construction Machinery, Material Handling Equipment, Agricultural Machinery and Others) and major geographies with country level break-up.
HydraForce (United States), Sun Hydraulics (United States), Bosch-Rexroth AG (Germany), Eaton Corporation Inc. (Ireland), Bucher Hydraulics (Germany), Comatrol (Danfoss), Moog Inc. (United States), Hydac (Germany), Walvoil s.p.a. (Italy) and HAWE Hydraulik SE (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Yuken (India), Haihong Hydraulics (China), Atos (France), Koshin Seikosho (China), Ningbo Hoyea Machinery Manufacture Co., Ltd. (China) and Huade (China).
The global cartridge valve market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cartridge Valve market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cartridge Valve market by Type, Application and Region.
On the basis of geography, the market of Cartridge Valve has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of Cartridge Valve in Construction Machinery Application
- Rising Demand from Agricultural Machinery Sector
Market Trend
- Technology Advancement in Cartridge Valve
- Rising Number of Customer from Online Channel
Restraints
- Lack of Standardized Certifications & Government Policies
Opportunities
- Increasing Demand from APAC region
- Rising Demand from End-User Industry
Challenges
- Rise in Collaboration among Industry Players
- Fluctuations in the Raw Material Prices
In 2018, the Moog Company has launched a cartridge valve cover Series for pressure relief functions. Therefore, it will increase the product portfolio of the company.
Key Target Audience
Cartridge Valve Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others