Valley Cottage, NY -- (SBWIRE) -- 06/08/2018 -- Market Overview: Introduction
Piston pumps are positive displacement pumps as they use expanding and contracting cavities to move fluids such as viscous liquids, chemicals, tacky glue, adhesives, oil and lubricating fluids. Radial piston pumps are one of the types of the hydraulic pump to transport hydraulic fluids. These are used in transmissions, test rigs, and liquid fertilizer injectors. Radial piston pumps contain pistons arranged like wheel spokes around a cylindrical block. Also, it consists of valve-controlled pump cylinders arranged in a radial manner. Furthermore, radial piston pumps are essential equipment because of their potential to improve productivity and hasten work. Thus, being one of the foremost bits in the industry, global opportunity assessment and trend analysis of radial piston pumps become an imperative read.
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Key features include low noise level, very high loads at the lowest speeds, and optimum efficiency. Radial piston pumps are manufactured with different forms of control such as mechanical, hydro-mechanical, electro-hydraulic, digital and analog in order to provide maximum flexibility. Moreover, in developed countries, an improved environment for investment spending will likely to enable manufacturers to invest in the upgrade of facilities in order to cater the voracious demand for end-use products.
Market Dynamics
Radial Piston Pumps are widely used in heavy commercial and light commercial vehicles. The global automotive industry is in a healthier state, where profits and sales have recovered following the recent economic crisis. With the growing automotive industry, the global radial piston pumps market is foreseen to observe substantial growth in the coming years. As oil and gas prices recover over time, a number of factors are likely to shape the future of the oil & gas industry. Conventional sources of oil and gas resources continue to dominate the global production, whereas unconventional sources are forecasted to surge higher growth rate in the radial piston pumps market.
With most manufacturers offer equipment and machines with a long lifetime, there is a natural constraint for a new sales opportunities. Subsequently, demand for radial piston pumps by OEMs is likely to impede. However, aftermarket sales of radial piston pumps may likely to grow. Ongoing industrialization is foreseen to aid the growth of radial piston pumps sales in the coming years. Manufacturers make effort to develop radial piston pumps by utilizing new materials in order to gain a competitive edge in the global market.
Market Segmentation
Global radial piston pumps market can be segmented on the basis of design, type of displacement, end-use industry and regions.
On the basis of design, global radial piston pumps market can be segmented as
Single Pump
Multiple stage pump
On the basis of type of displacement, global radial piston pumps market can be segmented as
Fixed Displacement Pump
Variable Displacement Pump
On the basis of end-use Industry, global radial piston pumps market can be segmented as
Industrial Machinery & Equipment
Automotive
Mining
Chemical
Pharmaceutical
Packaging
Oil & Gas
Plastic
Others (rubber processing, paint & ink etc.)
Regional Outlook
Recent oil and gas reserve discoveries in the Middle East and Africa are anticipated to enhance capacity additions in the region. Additionally, the shale boom in North America has increased production potential of petrochemical products. The investment in the industry is expected to create moderate demand for radial piston pumps. Countries in Latin America and the Asia Pacific are expected to witness increased investment in many industries such as chemical, automotive, pharmaceutical etc. which in turn increase the demand for radial piston pumps in various types of machinery. Overall global radial piston pumps market is expected to observe substantial growth rate supported by various economic factors.
Key Participants
Example of some of the market participants in the global radial piston pumps market discerned across the value chain include
Bosch Rexroth AG
Moog Inc.
HAWE Hydraulik SE
Beinlich Pumpen GmbH
H. Sheppard Co., Inc.
Larsen & Toubro Limited
Hauhinco Maschinenfabrik G. Hausherr, Jochums, GmbH & Co. KG
Hydac Technology Limited
Beinlich Pumpen GmbH
Polyhydron Pvt. Ltd.
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