NORTH AMERICA HYDRAULIC FLUID CONNECTORS MARKET ANALYSIS

Market News

Key developments

• In January 2020, Danfoss, an energy-efficient solutions for industry, announced that it had entered into a contract to acquire Eaton’s Hydraulics business for a cash purchase price of US$ 3.3 billion (approximately 3.0 billion EUR). The acquisition is fully in line with Danfoss’ strategy to strengthen the mobile and industrial hydraulics market.
• In 2021, U.S.-based Warren Controls, a provider of control valves and specialist fluid handling systems, introduced the ILEA 2900E line of electronically operated industrial globe-control valves. The series includes a high-quality, modulating, linear industrial electric valve actuator as well as a tough cast-iron body with a variety of trim materials. The 2900E series is ideal for applications where value and extended life are critical goals, such as wastewater.
• According to Energy Information Administration, Natural gas consumption in the U.S. is predicted to average 82.5 billion cubic feet per day (Bcf/d) in 2021 and 83.8 Bcf/d in 2022. The market caters to potential expansion as demand rises. Hydraulic systems in oil and gas use fluid pressure to power a pump. This is accomplished by pumping fluids downhole with a triplex pump designed for extremely high pressure, often between 2,000 and 5,000 psi. Hydraulic lifts, on average, have higher production volumes than mechanical lift pumps.
• In May 2021, Hitachi Construction Machinery introduced an in North America, the ZX50U excavator employs the Hitachi triple H hydraulic system, which permits combined operations by regulating the optimal flow rate for all actuators. In addition, Volvo North America introduced two electric construction machines in August 2022 to expand its electric construction line in North America. The machine operates by combining electric motors with hydraulic pumps. Such advancements are accelerating the usage of hydraulic equipment in the region.