C&M: Global industry for hydraulic equipment to be driven by increasing growth in the Construction industry
Global Hydraulic Equipment Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:07:01
The Global Hydraulic Equipment market is to grow at a CAGR of 4.86 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing growth in the Construction industry. The Global Hydraulic Equipment market has also been witnessing the increasing use of fire resistant hydraulic fluids. However, the high maintenance cost could pose a challenge to the growth of this market.
There is an increasing use of water glycol and polyol ester fluids, which are fire resistant when used in hydraulic equipment. Hydraulic equipment operating under extreme temperatures leads to the leakage of oil and creates a high risk for fire. Thus, vendors are now using fire-resistant fluids in hydraulic equipment to reduce the potential risk of fire. Thus, the increasing demand for fire-resistant hydraulic fluids is expected to increase the growth of the market during the forecast period.
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