Global Hydraulic Pumps Market 2015-2019 with Bosch Rexroth, Danfoss Power Solutions, Eaton & Parker Hannifin Dominating

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Apr 20, 2015, 08:52 ET

DUBLIN, Apr. 20, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/nh3w86/global_hydraulic) has announced the addition of the "Global Hydraulic Pumps Market 2015-2019" report to their offering.

The Global Hydraulic Pump market to grow at a CAGR of 5.07% over the period 2015-2019

This report covers the present scenario and the growth prospects of the Global Hydraulic Pump market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of hydraulic pumps.

High demand for fire-resistant hydraulic fluids is one of the key trends upcoming in this market. Hydraulic equipment operating under extreme heat conditions may suffer from oil leakage, resulting in fire risks.

According to the report, a high demand for hydraulic pumps from the growing Construction industry is one major factor driving this market. Hydraulic pumps are used in cranes and forklifts, which are used in the construction of roads, railways, housing, infrastructure, and airports. A high tempo of construction activities in developing countries has led to an upswing in the demand for hydraulic pumps.

Further, the report states that the high maintenance cost of hydraulic pumps is one major challenge that the market faces. Continuous maintenance is required to detect and rectify any failure in equipment. Hydraulic systems operating above 180°F can lead to the destruction of seals and degradation of fluids.

There are various types of hydraulic pumps: