Hydraulic valves control the flow of fluid in a hydraulic machine; thereby, maintaining the required pressure in the system. These valves have spools that slide to different positions to control the flow of fluid. Based on application, directional valves, pressure valves, and flow valves are key types of hydraulic valves.
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.
The APAC region dominated the global hydraulic valves market during 2017 and 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.
The global Hydraulic Valves market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Hydraulic Valves volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hydraulic Valves market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.