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According to the recent market study by Technavio, the Hydraulic Accumulators Market Share in Aerospace & Defense Industry is expected to increase by USD 41.05 million from 2020 to 2025, with an accelerated CAGR of 4.39%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth rate of 59% among the other regions. China and India are the key markets for hydraulic accumulators. Moreover, market growth in APAC will be faster than the growth of the market in other regions.
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Vendor Insights-
The hydraulic accumulators market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Eaton Corp. Plc – In June 2023, the company acquired Cobham Mission Systems, a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for the defense market.
Freudenberg FST GmbH- The company offers hydraulic accumulators products with these advantages such as high operating reliability, long service lives, and energy efficiency.
HAWE Hydraulik SE- The company offers hydraulic accumulators products such as Diaphragm type accumulator and Piston type accumulators.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Regional Market Outlook
The hydraulic accumulators market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. China and India are the key markets for hydraulic accumulators in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.
The construction sector in India is growing significantly, with investments in roads and infrastructure surging for the fiscal year 2023-2022. The infrastructure sector has become the biggest focus area for the Government of India. This will facilitate the hydraulic accumulators market growth in APAC over the forecast period.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends Driving the Market-
- Hydraulic Accumulators Market Driver:
- Growing machine tools market:One of the key factors driving growth in the hydraulic accumulators market is the growing machine tools market. Hydraulic accumulators find applications in machine tools. Advance and retraction speeds, cutting pitch and section, and cutting machine tools with multiple machine units are controlled individually. The growth of the global machine tools market will directly impact the demand for hydraulic equipment such as gear pumps. The automotive, aerospace and defense, telecommunications, industrial machinery, and chemical industries are the leading end-users of machine tools. The rise in various construction activities in developing countries has led to high demand for hydraulic equipment. The increase in the demand for such equipment will increase the demand for hydraulic accumulators as well.
- Hydraulic Accumulators Market Trend:
- Development of energy-efficient hydraulic accumulators:
The development of energy-efficient hydraulic accumulators is another factor supporting the hydraulic accumulators market share growth. Companies are focusing on energy-efficient manufacturing processes. Hydraulic equipment forms an essential part of the manufacturing processes in various industries such as automotive, electrical and electronics, food, and pulp and paper. Thus, energy-efficient hydraulic equipment is essential to reduce the cost of energy and to conserve resources against the backdrop of rising fuel costs, technological advances, rising demand for limited energy resources, and stringent government regulations. This drives the manufacturers to use energy-efficient and cost-efficient equipment.
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
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Electric Air Taxi Market by Type and Geography – Forecast and Analysis 2023-2026: The electric air taxi market share is expected to increase by USD 9.47 billion from 2023 to 2026, and the market’s growth momentum will accelerate at a CAGR of 27.70%. To get extensive research insights: Download Exclusive Free Sample Report
Global Aircraft Braking Systems Market: The global aircraft brake system market size will grow by USD 1.34 billion during 2019-2023. This report provides a detailed analysis of the market by application (commercial aviation, military aviation, and general aviation) and geography (APAC, Europe, MEA, North America, and South America). To get extensive research insights: Download Exclusive Free Sample Report
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Hydraulic Accumulators Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.39% |
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Market growth 2023-2025 |
$ 41.05 million |
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Market structure |
Fragmented |
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YoY growth (%) |
1.41 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 59% |
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Key consumer countries |
China, US, Germany, India, and Russian Federation |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Eaton Corp. Plc, Freudenberg FST GmbH, HAWE Hydraulik SE, HYDAC Verwaltung GmbH, NOK Corp., Parker Hannifin Corp., PMC Hydraulics Group AB, Robert Bosch GmbH, and Roth Industries GmbH and Co. KG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
