Hydraulic Power Unit (HPU) Market worth Will Reach $6.0 Billion by 2019


Posted May 28, 2015 by lauriehurdle

HPU is the main component of hydraulic systems producing enormous amount of power, driving various hydraulic rams and equipment.

 
The report Hydraulic Power Unit Market by Applications (Mobile, Industrial & Others), Operating pressure, (pSI), (3000), & by Region (APAC, North America, Latin America, Europe, the Middle East & Africa) - Global Trends & Forecast to 2019, defines, segments, analyzes, and forecasts the global HPU market. It also identifies driving and restraining factors of the HPU market, with an analysis of trends, opportunities, burning issues, and winning imperatives.

Browse 66 market data tables and 48 figures spread through 177 pages and in-depth TOC on Hydraulic Power Unit Market - Global Trends & Forecast to 2019.

http://www.marketsandmarkets.com/Market-Reports/hydraulic-power-unit-market-188285732.html

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The market on the basis of region has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The HPU market is projected to reach $6.0 billion by 2019, at a CAGR of 5.6% from 2014 to 2019.

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The market has further been segmented on the basis of major applications, namely mobile applications, industrial applications and others (oil & gas, marine, and aerospace).

The Asia-Pacific HPU market is expected to grow at a decent rate in the next five years.

Asia-Pacific is the largest market for HPUs. The region, which has done fairly well in the past 10 years, accounted for around 34% of the total market share in 2013. The growth rate has scaled up due to an increase in construction spending and growth of industrial activities in the region.

Mobile Applications – Major application for the HPU Market

HPU is categorized into three primarily segments: mobile application, industrial applications, and others. The major market is captured by mobile applications, which provide higher power transmission in a compact size. Industrial application is the second major application, which is utilized in industries such as automotive and steel among others. Increasing construction and agricultural activities, along with the replacement market of old HPUs, is the key driver of the market.

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Issued By MarketsandMarkets
Website Hydraulic Power Unit Market
Phone +1-888-600-6441
Business Address North - Dominion Plaza, 17304,Preston Road
Suite 800, Dallas, TX 75252
Country United States
Categories Electronics , Energy , Environment
Tags hydraulic power unit hpu market , hydraulic rams , hydraulic systems producing
Last Updated May 28, 2015