Hydrostatic Drives Market- Introduction
A hydrostatic drive system is a form of transmission often used as an exceptional means of power transmission, where high torque is required at low speed on heavy equipment. A hydrostatic drive system uses oil pressure from a hydraulic pump to hydraulic motor. Hydrostatic transmissions work on the principal of rotational motion, in which rotational motion of the engine operates as a hydrostatic pump which converts into fluid flow. A hydrostatic drive system is used to transfer torque through oil pressure from the fluid which circulates between the motor and pump. Furthermore, hydrostatic drives normally outperform electrical and mechanical gear-type transmissions and variable - speed drives with several advantages that includes torque, fast response, and step less adjustment of speed, precise speed under varying loads, controllable and smooth acceleration, easy controllability, and infinitely variable speed control from zero to maximum.
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Hydrostatic Drives Market– Competitive Landscape
Leading market players are focusing on further innovative developments of Hydrostatic drives to overcome existing limits and enhance operational efficiency.
Incorporated in 1921, Komatsu Ltd. has its headquarters in Tokyo, Japan with approximately 61,908 employees. The company operates in three main segments that include Construction mining and utility equipment; retail finance, industrial machinery; and others. Komatsu Ltd. also offers stamping presses and metal forging, that includes small and medium-sized presses; and large sheet-metal presses.
EATON Corporation Inc.,
Incorporated in 1911, Eaton is an American multinational conglomerate power management company with around 99,000 employees. The company operates its business in two main sectors: industrial and electrical. The electrical sector includes Electrical Americas & Rest of World Segments i.e. institutional, industrial, government, information technology, commercial, utility, residential, and original equipment manufacturer customers. The industrial sector includes Hydraulics group, Aerospace group, and Vehicle group. The Eaton operational headquarters is in Beachwood, Ohio the U.S. The company runs its business in almost 175 countries.
Some of the key players operating in the global hydrostatic drives market includes Carraro Group, Kanzaki Kokyukoki Mfg. Co., Ltd. Dana Limited, Eaton Corporation Inc., Parker Hannifin Corp, Danfoss, Tuff Torq Corporation, Hydro-Gear, Komatsu America Corp., PMC Hydraulics Group AB, Hydrostatic Transmission Service, LLC, Poclain Hydraulics, Sundstrand Hydraulics, Kawasaki Heavy Industries, Ltd., and Linde Hydraulics GmbH & Co. KG.
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Hydrostatic Drives Market–Dynamic
Increasing construction and infrastructural projects across the globe
Growing urbanization across the world which has led to construction and infrastructural development in developing and developed economies are increasing the demand for advanced construction equipment, machines, and vehicles incorporated with new innovative technology. Besides, a hydrostatic drive system is required to facilitate the movement of heavy machines and equipment with huge hydrostatic power. In addition, a hydrostatic drive system is used to remote control operations in heavy machinery and equipment such as wheel loaders, excavators, forklifts, and tractors. This in turn is projected to positively impact the growth of the global hydrostatic drives market during the forecast period 2019-2027.
Hydrostatic Drives Market–Segmentation
The hydrostatic drives market can be segmented on the basis of:
- Operation type
Hydrostatic Drives Market Segmentation – By Types
Based on types, the hydrostatic drives market can be divided into:
- Heat Exchanger
Hydrostatic Drives Market Segmentation– By Capacity
In terms of capacity, the hydrostatic drives market can be divided into:
- Small ( 0 to 20 hp )
- Medium ( 25 to 50 hp)
- Large ( Approximately 60 hp and higher )
Hydrostatic Drives Market Segmentation– By Function
Based on function, the hydrostatic drives market can be divided into:
- Flow control valves (FC Valves)
- Pressure control valves (PC Valves)
- Direction control valves (DC Valves)
Hydrostatic Drives Market Segmentation – By Operation Type
In terms of operation type, the hydrostatic drives market can be divided into:
- Manually operated
- Electrically operated
- Pilot operated
Hydrostatic Drives Market Segmentation – By End Use
In terms of end use, the hydrostatic drives market can be divided into:
- Others (Aviation, Power generation system, etc.)
The report incorporates in-depth assessment of product development, financial analysis, product market sizing, competitive landscape, product benchmarking, market trends, strategic analysis and so on to estimate the potential opportunities and impact forces of the hydrostatic drives market. The report also includes a study and qualitative and quantitative research of major developments in the market such as mergers and acquisitions, product launches, agreements, and collaborations to recognize the prevailing market dynamics and its impact during the estimated forecast period 2019-2027.
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
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