The hydraulic industry—the field of pumps, cylinders, and fluid power that moves heavy construction machinery—does not exist in a vacuum. The growth of hydraulic markets is inherently connected to fundamental trends in our world. When we refer to the expansion of infrastructures, agricultural mechanization, and the growth of emerging economies, we have essentially named the three pillars currently supporting the worldwide hydraulic systems demand.
1.Infrastructure: The Driver of Hydraulic Demand
Infrastructure projects are simply the largest drivers of hydraulic power. Every time a government or corporation invests in building or improving physical assets hydraulic components see great spikes in demand.
Heavy Lifting: High-force applications are best served through hydraulic systems as they bring a level of density and reliability to the force. Excavators digging out and providing foundation, cranes that are lifting steel beams, loaders that are moving aggregates and dozers that are pushing earth, all rely on the power density and reliable force control of hydraulic cylinders, pumps, and, motors.
Government-fueled Activity: Large projects such as global highway builds or airports, or smart city projects, especially in the rapidly urbanizing Asia-Pac (China, India, etc.), require fleets of hydraulic-powered heavy equipment. The continuum of these projects, plus maintenance, guarantees a constant long-term demand for new equipment and aftermarket replacement parts.
3. Emerging Regions: The Growth Engine
While the developed regions tend to be stable, emerging regions are likely the most significant growth factor for the hydraulic space overall.
Catch-Up Effect: Countries in Asia Pacific, Latin America, and Africa are rapidly industrializing and urbanizing. To catch up on decades of infrastructure, agricultural, and broader economic development, they are rapidly adopting heavy machinery, skipping over more inefficient methods. This has created enormous and immediate demand for hydraulic-powered construction and farm equipment.
Government Investment: Countries such as India and Brazil are investing substantially in their local manufacturing and infrastructure, which is manifesting in investment in heavy equipment reliant on hydraulics. The Asia-Pacific region, in particular, is regularly expected to be the fastest growing market for hydraulic components going forward.
New Manufacturing: Foreign direct investment into emerging markets and new manufacturing also contributes to increased industrial use of hydraulics for material handling, molding, industrial trade, and industrial automation.
We see a virtuous cycle in the interconnection of these three drivers and the hydraulic sector:
- Infrastructure creates the need for heavy equipment
- Agriculture creates the need for high power precision farming
- Emerging Regions supply the huge, growing market that creates the simultaneous large, fragmented opportunities of each of the previous drivers.
To respond to these growth areas, the hydraulic industry must develop more forward-thinking, more energy-efficient, and more compact new components. This encompasses the rise of integrated IoT hydraulics for predictive maintenance in remote construction sites, as well as the volume of more robust but lower-cost components for the vast variety of machines that are commonplace in emerging markets.
In short: As the world continues to build infrastructure, feed itself more efficiently, and develop their economies, the hydraulic sector will provide the reliable and fundamental power that facilitates it all.
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