Increasing population and better living standards in developing countries have led to a surge in energy and infrastructural demands. The total world population was 7.3 Billion in 2014, and is expected to grow at a rate of 1.14% per year. Emerging economies such as China, India, and Brazil are trying to develop infrastructure to provide their people the basic amenities.
The report “Hydraulic Power Unit Market by Applications (Mobile, Industrial & Others), Operating pressure, (pSI), (<750, 750-2000, 2000-3000, >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 42 figures spread through 154 pages and in-depth TOC on “Hydraulic Power Unit Market by Applications (Mobile, Industrial & Others), Operating pressure, (pSI), (<750, 750-2000, 2000-3000, >3000), & by Region (APAC, North America, Latin America, Europe, the Middle East & Africa) - Global Trends & Forecast to 2019”
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.
The market has further been segmented on the basis of major applications, namely mobile applications, industrial applications and others (oil & gas, marine, and aerospace).
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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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