Growing demand for technologically advanced products that help in increasing energy efficiency and in decreasing power consumption, thereby saving a lot of money spent on the automobiles and hydraulic systems after purchase, has led to incorporation of devices such as accumulator charging valves in the automobiles. Accumulator charging valves are increasingly being used by the automobile and hydraulic systems manufacturers worldwide.
Accumulator store emergency power and provide smooth, efficient and reliable operation in case of electrical failures. Accumulator has application in hydraulic systems where they are used to smooth out pulsations and store energy. A small pump or valve is used along with an accumulator in accumulator charging valves to store energy during low demand periods. This energy is then instantaneously made available at the time of use by the accumulator charging valves. Accumulator charging valves are used to charge hydraulic accumulators within a pre-set adjustable switching range. A heck valve, piston and a pilot stage with defined hysteresis are incorporated in the accumulator charging valves circuit. When the pressure inside accumulator goes beyond the pilot stage pre-set value, pump is relieved to the tank and the piston is opened. Accumulator is recharged when pressure inside the accumulator decreases. This is the basic mechanism of accumulator charging valves.
With the growing need for light weight and energy efficient products, accumulator charging valves are being increasingly used in applications that require accumulators. One of the major applications of the accumulator charging valves is in the aircraft hydraulic systems. Increase in the new aircraft deliveries combined with the surge in global air travel is driving the growth of the Accumulator Charging Valves Market in the air hydraulic systems domain. Furthermore, huge investments are being made for the production of innovative, energy efficient and fuel efficient components such as accumulator charging valves for automobiles that help in reducing the amount of money that has to be spent on the vehicles after purchase. Apart from these factors, the requirement of reduction in the weight of automobiles and increased load handling capacity of the vehicle is further driving the growth of the Accumulator Charging Valves Market. These factors are likely to drive the growth of the Accumulator Charging Valves Market in the forecast period 2017 to 2027.
High replacement cost once accumulator charging valves get damaged, is likely to be a factor restraining the growth of the Accumulator Charging Valves Market in the forecast period 2017 to 2021.
Increased demand for technologically advanced and energy efficient products is a great opportunity for the growth of the Accumulator Charging Valves Market.
One of the newest trends in the accumulator charging valves market is that the accumulator charging valves are increasingly being used in the packaging industry. Accumulator charging valves enhance the production efficiency, make sure that the packaged product’s damage is minimized and also improve product orientation.
The Accumulator Charging Valves Market is segmented on the basis of the product type, accumulator type and region.
On the basis of the product type, Accumulator Charging Valves Market is segmented into Single Accumulator Charging Valves, Dual Accumulator Charging Valves, Load Sensing Charging Valves, and High-Performance Accumulator Charging Valves. Single accumulator charging valves find application in the open center hydraulic systems. An internal spool valve is used by the single accumulator charging valves that is used to pressurize the accumulator to control the hydraulic system flow. Dual accumulator charging valves have two independent accumulator ports that are utilized by the accumulator charging valves to pressurize the accumulator and control the hydraulic system flow.
On the basis of the accumulator type, Accumulator Charging Valves Market is segmented into diaphragm, piston and bladder.
Based on the region, the Accumulator Charging Valves Market is segmented into- North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa.
Asia-Pacific region is estimated to generate largest revenue share among all regions in the Accumulator Charging Valves Market. The reason for this is attributed to the exponential growth in the machine tools industry in countries such as China and India. The North America and Europe regions are expected to have a moderate growth in the Accumulator Charging Valves Market. Followed by North America and Europe, Middle East and Africa region is also anticipated to create ample of opportunities for the Accumulator Charging Valves Market.
Few of the major players active in the Accumulator Charging Valves Market include Bosch Rexroth, Mico Inc., HYDAC, Weber Hydraulik, Parker, Leader Hydraulics, Stauff, Ningbo Drift Hydraulic Co. Ltd., Poclain Hydraulics, Ningbo Buck Accumulator Technology Co., Ltd., Off Highway Breaks and Controls Ltd., HAWE Hydraulik, Voith GmbH & Co. KGaA, and Hydrotechnik UK Ltd.
Accumulator charging valves developed by Mico Inc. are developed for the mobile equipment that have variable pump flows. The system has flow through capacity of 65 GPM and can handle pressures up to 3000 PSI. Accumulator charging valves developed by Mico Inc. use the power that is stored inside the main hydraulic system. Accumulator charging valves developed by Mico Inc. can also be mounted remotely from the brake valves.
Overall, it can be concluded that the growth prospects in the Accumulator Charging Valves Market look positive in the forecast period. Owing to the demand in the hydraulic and automotive sectors, sales of accumulator charging valves is estimated to surge.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.