Hydraulic Manifold Market Scope
A hydraulic manifold is an element that regulates fluid flow among pumps and actuators and other machinery in a hydraulic system. It could be related to a switchboard in an electrical circuit since it lets the operator control how much fluid flows among components of hydraulic machinery. The manifold is linked to the levers in the operator’s cabin, which the operator uses to accomplish the preferred behavior. The hydraulic manifold is composed of various hydraulic valves joined to each other. It is the many combinations of states of these valves that let complex control behavior in a manifold. There are various applications of hydraulic manifold includes machine tools, marine, off-highway equipment, production and material handling equipment, food processing, heavy construction equipment, oil field, and farm equipment, and valve operations.
According to AMA, the Global Hydraulic Manifold market is expected to see growth rate of 3.7%The market of hydraulic manifold is expected to grow due to presence of manufacturing industry. Increasing advancements in hydraulic integrated circuits and 3D CAD driving the demand for the market. Several companies are operating in the market to better customer attention and right customer target. The market is highly fragmented with the presence of key market players and local player. Hence, it is triggering the market growth over the forecast period in automobile and manufacturing industries. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Hydraulic Manifold market throughout the predicted period.
Parker Hannifin (United States), Bosch Rexroth (Germany), Moog (United States), Eaton (Ireland), M&W (United States), Berendsen Fluid Power (United States), Eurofluid Hydraulic (Italy), Renishaw (United Kingdom), B & R Industries (India) and HYSPECS (New Zealand) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Oilpath Hydraulics (Australia), Sun Hydraulics Corporation (United States), HQTec Machining (Canada) and Hydraulik Nord Group (Germany).
Segmentation Overview
The study have segmented the market of Global Hydraulic Manifold market by Type (Mono-Block Design and Modular-Block Design), by Application (Heavy Construction Machines, Off-highway Equipment, Machine Tool, Farm Equipment, Material Handling Equipment, Quarrying Equipment and Other) and Region with country level break-up.
On the basis of geography, the market of Hydraulic Manifold 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).
Influencing Trend:
Rise In Investment In Infrastructure Development, High Demand in Food Processing and Small and Compact Sizes with Cartridge Valve Design to Suit Confined Spaces
Market Growth Drivers:
Increased Energy Efficiency with Shorter Flow Paths That Minimize Pressure Drop and Heat and High Demand Due To Reduced Installation Costs
Challenges:
Tractors and other agricultural machinery often utilize hydraulic manifold blocks to control functions like lifting and lowering implements, steering, and hydraulic motors
Restraints:
Flow-Rates, Pressures, and Manifold Length May Be Limiting Factors
Opportunities:
More Demand For Lightweight and Technologically Advanced Hydraulic Manifolds for the Future and Rising Demand in Various Industry Verticals
Market Leaders and their Expansionary Development Strategies
In January 2019, Power management company Eaton has acquired 82.275 percent controlling interest in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. , a leading manufacturer of switchgear based in Ankara, Turkey, with a primary focus on medium voltage solutions for industrial and utility customers. The purchase price for the shares is approximately 214 million dollers on a cash and debt free basis. and 16th February 2018, Moog Inc. has acquired VUES Brno s.r.o. The purchase price is 53 million dollars in cash.
In April 2024,Moog Inc., a designer and manufacturer of high performance motion control products, solutions, and services launched a new-generation Electro-Hydrostatic Pump Unit (EPU) that will help machine builders and end-users derive the combined benefits of both hydraulic and electric actuation.
Key Target Audience
Raw Material and Manufacturing Equipment Suppliers, Third-party Service Providers, Communication Network Providers, Government Labs, In-house Testing Labs Centers, Original Design Manufacturers (ODMs) and Original Equipment Manufacturers (OEMs) Technology Solution Providers, Distributors and Retailers, Government Agencies, Research Organizations, Technology Standard Organizations, Forums, Alliances, and Associations, Technology Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.