IIoT-supported electro-hydraulic products: new opportunities

The rising demand for energy-efficient, easily operable, and smart sensor-embedded hydraulic systems that are Industrial Internet of Things (IIoT)-enabled is driving hydraulic manufacturing companies to expand their presence across the globe. The hitherto sluggish market will recover within 5 years as consumers across user verticals such as construction, material management, automotive, agriculture, and oil and gas exhibit willingness to invest heavily in integrated hydraulic systems.

Frost & Sullivan Industrial Automation and Process Research Analyst Kiravani Emani says: "Key mobile hydraulic equipment market participants, including Bosch Rexroth, Eaton Corp, Parker Hannifin and Danfoss, are venturing into smart platforms, especially for the automotive, chemical and energy industries, embedding sensors in pumps, cylinders and even accessories such as hoses to enhance power density and control oil leakage from equipment. Electronic integration will continue to play a pivotal role in boosting demand for hydraulic products."

Global Mobile Hydraulic Equipment Market, Forecast to 2020, part of Frost & Sullivan's Industrial Automation and Process Control Growth Partnership Service programme, highlights the opportunities emerging as traditional hydraulic systems give way to electronically integrated ones. The study explores the magnitude of the impact on the industry owing to the operational excellence that consumers will garner through smart sensor integration in these systems.

Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.

Despite low investment activity in major mobile vertical markets such as agriculture, construction, and oil and gas, which has contracted the revenue margins of hydraulic manufacturers, the overall market remains positive:

  • Scandinavia, Eastern Europe and Germany exhibit high demand for mobile hydraulics, especially for the automotive segment;
  • Strong investment activity makes Asia-Pacific the most attractive region;
  • Adoption of smart hydraulics is bolstered by the shift toward Factories of the Future and smart machinery that can be wirelessly controlled and remotely monitored;
  • The largest product segment, hydraulic cylinders, is expected to see more integration with electronics and sensors;
  • Valves remain the second-largest segment, driven by user demand for directional, pressure, and flow control;
  • Hydraulic pumps account for nearly 18.2 per cent of total mobile hydraulic revenue and will witness positive demand until 2020;
  • The market for hydraulic motors will continue to grow for the next 5 years due to advanced capabilities such as high power density and ruggedness;
  • Hydraulic transmission is widely used in mobile applications, and demand is likely to increase from the off-highway segment.

To boost uptake, manufacturers must focus on educating consumers on the long-term benefits of electro-hydraulics systems, and position themselves as one-stop vendors for a holistic range of services from installation to maintenance and replacement.

Kiravani observes: "End users will continue to invest in purchasing or replacing products that help to reduce energy consumption, noise levels, and oil leakages caused during equipment operation. Hydraulic manufacturers who complement their product offering with service capabilities are likely to be a preferred choice for end users."

More analysis can be found at ww2.frost.com.

Frost & Sullivan

4, Grosvenor Gardens
London
SW1W 0DH
UNITED KINGDOM

+44 (0)20 7343 8383

enquiries@frost.com

www.industrialautomation.frost.com

More from Frost & Sullivan

Industrial mobile apps to transform the factory environment

Posted 3 years ago

Global market for robotics in manufacturing gathers pace

Posted 3 years ago

Manufacturing cloud transforms digital services

Posted 3 years ago

Cybersecurity emerging as intrinsic element of Industry 4.0

Posted 3 years ago

MLC identifies 6 critical issues predicted to disrupt industry

Posted 4 years ago

Integration of electronics and pneumatics to stoke global market

Posted 4 years ago

Era of convergence and collaboration for industrial suppliers

Posted 4 years ago

Growth, Innovation & Leadership conference, GIL 2015: Germany

Posted 5 years ago

Frost & Sullivan live webinar: Data -The Currency of the Future

Posted 5 years ago

Industrial cybersecurity awareness is low despite attacks

Posted 5 years ago

Webinar: Internet of Things in the Age of Industry 4.0

Posted 5 years ago

Frost & Sullivan: Transition to welding robotics inevitable

Posted 5 years ago

Cost and efficiency benefits fuel uptake of electric drives

Posted 5 years ago

Touchless sensing technology: the next paradigm in HMI

Posted 5 years ago

Industrie 4.0: end-user needs will transform manufacturing

Posted 6 years ago

Report says hygienic and energy-efficient pumps will be popular

Posted 6 years ago

Smart manufacturing to drive demand for M2M communication

Posted 6 years ago

Energy Efficiency rules fuel adoption of IE3 induction motors

Posted 6 years ago

Technology improvements to boost demand for mining machinery

Posted 7 years ago

What will happen if Schneider Electric takes over Invensys?

Posted 7 years ago

Frost & Sullivan recognises excellence in product line strategy

Posted 7 years ago

Multiple benefits to underpin appeal of flux cored wires

Posted 7 years ago

European pumps market to focus on energy efficiency

Posted 7 years ago

Technological improvements will enhance machine vision markets

Posted 7 years ago

Integrated hydraulic equipment to offset impact of downturn

Posted 7 years ago

Demand for industrial automation to boost electric drives market

Posted 7 years ago

Industrial wireless devices will support future plant equipment

Posted 8 years ago

Energy-efficient pneumatic equipment to experience rising demand

Posted 8 years ago

Industrial networking and communication devices study

Posted 8 years ago

Sensors to benefit from shift toward better automation

Posted 8 years ago

Predictions for Industrial Automation and Process Control

Posted 8 years ago

Posted 11 years ago

Posted 11 years ago

New report highlights trends in flexible electronics

Posted 11 years ago

Workshop to discuss wireless in industrial environments

Posted 11 years ago

Expansion of electronics manufacture across UMENA region

Posted 13 years ago

Steady growth forecast for European laser cutting market

Posted 13 years ago

Electronics manufacturing expands in eastern Europe

Posted 13 years ago

European belts and chain drives in industrial automation

Posted 13 years ago

Pulp and paper automation needs new approach

Posted 13 years ago

Frost & Sullivan Emerging Technologies Awards 2006

Posted 13 years ago

Eastern Europen oppportunities for automation and control

Posted 13 years ago

More news
2 days ago
Automatic bearing lubrication brings ore inspiring results in mining
By installing automatic lubricators for bearings on its conveyor drive motors and belt pulleys, an opencast mine in Hungary has seen a range of benefits, including the prevention of unplanned downtime, longer bearing life and reduced repair work
2 days ago
Kinoulton company conveys COVID-combating masks
Here's a great example of the germ of an idea resulting in the combating of COVID
2 days ago
FLIR Systems announces four new Exx-Series handheld thermal imaging cameras
New E96, E86, E76 and E54 models feature enhanced thermal resolution and provide on-camera routing capability for more efficient inspections
3 days ago
New C-Mount lenses bring focus for machine and system builders
IDS now offers more than 20 new C-mount lenses with resolutions of 5, 8 and 10 MP as well as different focal lengths and optical classes
3 days ago
Backup DC motor for two rolling mill applications
Menzel Elektromotoren has built a replica of an old DC motor for a large German steel strip manufacturer
3 days ago
Distributed safety systems webinar 30th October 0930
In this webinar Pilz UK Product Manager David Collier will examine the state-of-the-art technology available to meet the demands of decentralisation
3 days ago
New narrow FeedThrough connectors save panel space
New from Cliff Electronics is the SLIMS FeedThrough Connector range, designed and manufactured in the UK
4 days ago
New autoglide 5 system from igus doesn’t need a guide trough
A new energy chain system for intralogistics and crane systems has been designed by motion plastics experts igus
4 days ago
New DC/AC converter unveiled by Phoenix Contact
With the arrival of its new DC/AC inverter (part of the Phoenix Contact Quint Power family) the company says that machine builders now have a compact solution to generate alternating current in DC applications
4 days ago
New-generation bullet train runs on NSK bearings
High-performance bearings from NSK are now operational in the newly developed N700S Shinkansen (bullet train)