Cartridge Valves Market

Cartridge Valves Market: Introduction

• A cartridge valve is a directional control valve. Cartridge valves are considered as pressure, directional, and flow control valves. They are also known as slip-in valves, 2/2-way valves, or logic valves, which are extremely important for all kinds of hydraulic systems in a wide range of industries.
• Cartridge valves are an integral component of most hydraulic systems because of their compact size, intelligent design, and cost-effectiveness, since hydraulic systems are extensively used in industries such as mining, construction, and oil & gas. The market for cartridge valves is thus expected to grow during the forecast period.

Key Drivers, Opportunities, and Restraints of the Global Cartridge Valves Market

• Expansion of construction industries across the globe is driving the cartridge valves market. Cartridge valves are used in construction machinery to obtain desired functional performance. Excavators, loaders, and dump trucks rely heavily on cartridge valves for their use in hydraulic operations. Growth of the construction industry is predominantly driving the demand for construction machinery. This is expected to drive the cartridge valves market.
• Manufacturing has emerged as one of the high growth sectors during recent years which in turn is expected to boost the growth of the cartridge valves market. Compact design, cost effectiveness, and speed are key requirements for a manufacturing process. Cartridge valves enable the production of inexpensive circuits that are highly reliable. As they are lightweight, easy to install, leak-resistant, and convenient, cartridge valves are used extensively in several manufacturing industries such as oil and gas, electrical and electronics, and automotive to name a few. Hence the cartridge valves market is expected to grow during the forecast period.
• However, frequent maintenance can increase the overall cost of cartridge valves as they need to be maintained periodically, as frequent as once a month. This can be a restraining factor that can affect the growth of the cartridge valves market.
• Industry leaders are continuously focusing on launching enhanced cartridge valves with more reliability and improved performance as per the demand of various end-use verticals. As cartridge valves are generalized, they are productive in their applications. They are useful for both general and specialized systems and are found in nearly every industry because of their economic and efficient design.

Asia Pacific to Hold Major Share of the Global Cartridge Valves Market

• Asia Pacific accounts for prominent share of the global cartridge valves market due to increased construction activities, presence of numerous manufacturers, and huge development and production of automotive and heavy machinery, which are key factors driving the cartridge valves market in the region.
• On the other hand, the cartridge valves market in North America is estimated to expand at a notable growth rate during the forecast period due to emerging economies and increasing investment in the manufacturing sector. The market in North America is likely to be followed by markets in Europe, Middle East & Africa, and South America during the forecast period.

Key Manufacturers Operating in the Global Cartridge Valves Market Include:

• Bieri Hydraulik
• Bosch Rexroth
• F.lli TOGNELLA S. P. A.
• HAWE Hydraulik SE
• Humphrey Products
• MAC Valves
• Ningbo Anke Fire Fighting Equipments Company
• Uflow Automation
• WEH GmbH
• Wenzhou Meric Hydraulic Technology co., Ltd.

Global Cartridge Valves Market: Research Scope

Global Cartridge Valves Market, by Type

• Screw-in Cartridge Valve
• Slip-in Cartridge Valve

Global Cartridge Valves Market, by Operation

• Automated
• Manual

Global Cartridge Valves Market, by Application Industry

• Construction Machinery
• Agriculture Machinery
• Oil & Gas
• Automotive
• Others (Material Handling, Metal & Mining, etc.)

Global Cartridge Valves Market, by Price

• Low
• Medium
• High

Global Cartridge Valves Market, by Distribution Channel

• Direct Sales
• Indirect Sales 

Global Cartridge Valves Market, by Region

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Rest of South America