Press release
Automotive Hydrostatic Fan Drive System Market to Reach $571.5 Million by 2027, Growing at a 6.0% CAGR (2020-2027)
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฒ๐๐ซ๐จ๐ฌ๐ญ๐๐ญ๐ข๐ ๐ ๐๐ง ๐๐ซ๐ข๐ฏ๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ - ๐๐๐๐ :
The global automotive hydrostatic fan drive system market size was valued at $398.1million in 2019, and is projected to reach $571.5million by 2027, registering a CAGR of 6.0% from 2020 to 2027.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/5076
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Eaton Parker Hannifin ,
JTEKT HPI ,
Roxroth Bosch ,
Hydraforce Hydraulics ,
Danfoss ,
Bucher Hydraulics ,
Concentric AB ,
Quality Hydraulics & Pneumatics ,
Casappa S.p.A.
others.
By region, Asia-Pacificdominated the market, followed byNorth America, Europe andLAMEA in 2019.Chinadominated the Asia-Pacificautomotive hydrostatic fan drive system market share in 2019, andAfrica is anticipated to exhibit a remarkable growth during the forecast period.
In internal combustion engines, most of the energy is lost due to the inefficiencies such as heat and only around 30% of the input energy is actually converted into mechanical power. For heavy vehicles, significant amount of horsepower is required for cooling system and it increases the noise level of the machine. For Tier 4 engines, the demand for efficient cooling system provides greater machine efficiency and quieter operation have increased. Also, conventional fan drives overcool under most condition to provide inadequate cooling during the more high heat operation conditions. In addition, hydrostatic fan drive systems offer control and fan speed varies according to the cooling demand of the engine. Due to this features of hydrostatics fan drive system, it consumes less power, increases fuel efficiency, and operating efficiency of the machine.
Increase in the use of the vehicle electronic control system in buses due to CAN-based control platforms is propelling the growth of the automotive hydrostatic fan drive system market in the on-road vehicle segment. For instance, Parker Hannifin, a global leader in motion and control technologies, offers a variety of CAN bus-based control platforms that can be integrated with the fan drive hydraulics. The installation of fan drive systems in vehicles reduces the diagnostic time & cost and increases efficiency by monitoring the performance. The fan drive facilitates buses with more functionality such as fan reversing with ramp, automated & manual fan reversing, and multiple fan location with independent control. These latest innovations in the field of coolant engine system are expected to create an opportunity in the coming years in the automotive hydrostatic fan drive system market for on-road vehicles.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-hydrostatic-fan-drive-system-market/purchase-options
Vehicle functional requirements, stringent emission regulations, and thermal limits for the off-road vehicles are the primary factors that are expected to drive the growth of the automotive hydrostatic fan drive system market. For instance, in April 2019, fan drive manufacturing company Horton showcased its LCX Series heavy-duty RCV1000 and RCV2000 variable-speed fan drives portfolio at Bauma 2019 (the world's largest construction machinery trade fair). LCX Series revealed the variable-speed design which rotates the fan at a wider range of speeds to match engine cooling demands more precisely. This new fan drive portfolio reduces fuel consumption, decreases noise and minimizes parasitic draw on the engine for increased working horsepower. The RCV1000 and RCV2000 were specifically designed for mining haul trucks and related heavy-duty, off-road equipment. Such trends are expected to create lucrative growth opportunities for the automotive hydrostatic fan drive system market.
To expand the reach and product offering, the leading hydraulic manufacturers are heavily investing in the hydraulics manufacturing companies, which is expected to fuel the growth of the automotive hydrostatic fan drive system market. For instance, in June 2018, HAWE Hydraulik acquired 55% shares of the Canadian-based hydraulic company, Hydra-Fab Fluid Power Inc. to expand its reach in the Canadian market.
This acquisition includes the scope of services such as electro-hydraulic systems and vehicle types, engineering, and others.Owing to development of the construction industry across the world, the production of high loader vehicles has increased, which is expected to drive the growth of the automotive hydrostatic fan drive system market. For instance, Japan produced nearly 407,410 heavy loader vehicles units in 2018, registering a 6.1% growth as compared to previous year.
Factors such as government regulations to reduce emission of harmful gasesdrivesthe growth of the automotive hydrostatic fan drive system market. In addition, high need for hydrostatic fan drive systempropels the market growth. However, high initial and maintenance cost and adoption of electric vehicle across the globehinders growth of the automotive hydrostatic fan drive system market. Further, growing demand for low-emission off-highway vehicles in LAMEAis expected to providere markable growth opportunities for players operating in the market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/5076
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
On the basis of vehicle type, thetrain metros and tramssegmentis anticipated to exhibit remarkable growth during the forecast period.
On the basis of component, the variable axial piston pump segment is the highest contributor to the global market in terms of revenue.
On the basis of region, LAMEA is the fastest growing region, followed by Europe, North America, and Asia-Pacific.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Automotive Blockchain Market :
https://www.alliedmarketresearch.com/automotive-blockchain-market
Automotive Microcontroller Market :
https://www.alliedmarketresearch.com/automotive-microcontroller-market-A06049
Automotive Robotics Market :
https://www.alliedmarketresearch.com/automotive-robotics-market-A08681
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
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 domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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