Hydraulic valves are key components for controlling and regulating fluid flow in hydraulic systems. They are widely used in a variety of industrial sectors, including construction, manufacturing, agriculture and mining. The global hydraulic valve market is expected to show significant growth by 2031.

Market Overview

According to Mordor Intelligence, the global hydraulic valve market size will reach US$10.8 billion in 2022 and is expected to reach US$16.2 billion by 2031, with a compound annual growth rate (CAGR) of 4.6%.

Market Growth Drivers

Key drivers for the growth of the hydraulic valves market include:

The spread of industrial automation and robotics: The spread of industrial automation and robotics has created a growing demand for hydraulic valves as they are used to control and regulate the movement of robotic arms and other robotic components.

Rising demand for heavy machinery and equipment: Rising demand for heavy machinery and equipment in industries such as construction, manufacturing, and mining is also driving the growth of the hydraulic valves market.

Industrialization in emerging economies: The process of industrialization in emerging economies has driven the demand for industrial components such as hydraulic valves.

Demand for energy saving and environmental protection: Hydraulic valves can improve the efficiency of hydraulic systems and reduce energy consumption, which drives the demand for hydraulic valves.

Market segmentation

The hydraulic valves market can be segmented by type, application, and region.

Breakdown by type:

Directional Control Valve: Directional control valve is used to control the flow direction of hydraulic fluid.

Pressure Control Valve: Pressure control valves are used to control the pressure in hydraulic systems.

Flow Control Valve: Flow control valve is used to control the flow of hydraulic system.

Others: Other types of hydraulic valves include safety valves, globe valves, and proportional valves.

Breakdown by application:

Mobile Machinery: Mobile machinery is a major application area for hydraulic valves, including excavators, bulldozers and loaders.

Industrial Machinery: Industrial machinery is another major application area for hydraulic valves, including machine tools, injection molding machines, and forging presses.

Others: Other application areas include agricultural machinery, construction machinery and aerospace equipment.

Breakdown by region:

North America: North America is the major market for hydraulic valves due to its developed manufacturing and construction industries.

Europe: Europe is another major market for hydraulic valves due to its popularity of industrial automation and robotics.

Asia Pacific: Asia Pacific is the fastest growing market for hydraulic valves due to the industrialization process in its emerging economies.

Other: Other regions include South America, the Middle East and Africa.

Major market players

Key players in the global hydraulic valves market include:

Bosch Rexroth: Bosch Rexroth is a leading global supplier of hydraulic systems and components.

Eaton: Eaton is a diversified manufacturing company that offers a variety of hydraulic products, including hydraulic valves.

Hanifim: Hanifim is a leading global fluid power transmission company offering a wide range of hydraulic products, including hydraulic valves.

Parker: Parker is a leading global motion control and fluid power transmission company offering a wide range of hydraulic products, including hydraulic valves.

Kawasaki Heavy Industries: Kawasaki Heavy Industries is a Japanese multinational engineering company that offers a wide range of hydraulic products, including hydraulic valves.

Future outlook

The global hydraulic valve market is expected to show significant growth by 2031. Key growth drivers include the spread of industrial automation and robotics, increased demand for heavy machinery and equipment, industrialization in emerging economies, and the need for energy conservation and environmental protection.

Conclusion

The hydraulic valve market is a booming market and is expected to continue to grow in the coming years. This is a market full of opportunities for hydraulic valve manufacturers and suppliers.