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Hydraulic Pump Market Size, Share, Trends & Industry Analysis | by Product Type, Application
Hydraulic Pump Market
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Hydraulic Pump Market by Product Type (Gear pump, Vane pump, Piston pump) and Application (Mobile application, Construction, Agriculture, Mining, Industrial application)
Increase in construction activities globally, rising sales of automobiles and increasing application in mining industry are the major factors propelling the demand for hydraulic pumps. In addition to this, government regulations focused towards reduction of CO2 emission and increased awareness about energy saving has led to the expansion of this market.
Key Market Players
The key market players profiled are Bosch Rexroth Ltd., Eaton Corporation Plc, Danfoss Power Solutions, Parker Hannifin Corporation, Actutant Corporation, Bailey International LLC, Linde Hydraulics, Dynamatic Technologies Ltd., Hydac International and Toshiba Machine Co. Ltd.
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Key Findings
In the year 2015, Asia-Pacific was the highest revenue-generating region for hydraulic pumps, followed by North America.
Growth in LAMEA is likely to be supplemented by increasing usage of hydraulic pumps in mining and oil extraction activities.
Gear pumps are the most commonly used hydraulic pumps worldwide.
Mobile application was the major revenue-generating application segment in 2015.
The industrial application segment would grow at a faster CAGR of 5.5% during 2016-2022
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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