Aircraft Hydraulic System Market Rising at 4.36% CAGR to Reach 1,158.5 Million by 2021
Feb 28, 2017
The aircraft hydraulic system market is projected to grow from USD 935.9 million in 2016 to USD 1,158.5 million by 2021, at a CAGR of 4.36% during the forecast period while the pumps segment is estimated to be the largest segment of global market.
Pune, India - February 28, 2017 /MarketersMedia/ —
Increasing need for highly reliable system, higher power to weight ratio of hydraulics system, low cooling cost due to low amount of heat generated in hydraulics system, and wide range of load handling capacity are major factors expected to drive the market in the coming years. However, high maintenance cost and significant weight of hydraulic system may act restraints for the aircraft hydraulic system market.
Complete report on global aircraft hydraulic system market spread across 145 pages, profiling 10 companies and supported with 65 tables and 59 figures is now available at http://www.rnrmarketresearch.com/aircraft-hydraulic-system-market-by-type-open-center-closed-center-component-reservoir-filters-pumps-accumulators-actuators-hydraulic-fluid-platform-fixed-rotary-and-region-global-forecast-to-2021-market-report.html .
Based on type, the closed center hydraulic system segment is estimated to lead the aircraft hydraulic system market in 2016, as closed center hydraulic system is the most used and reliable hydraulic system used for various operations.
Based on component, the pumps segment is estimated to be the largest segment of the aircraft hydraulic system market in 2016.This can be attributed to the use of high performance and high pressure generating pumps on board an aircraft.
Key players operating in the aircraft hydraulic system market are United Technologies Corporation (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation PLC (Ireland), Liebherr-International AG (Switzerland), Woodward Inc. (U.S.), Triumph Group Inc. (U.S.), and Moog Inc. (U.S.). Order a copy of Aircraft Hydraulic System Market by Type (Open-Center, Closed-Center), Component (Reservoir, Filters, Pumps, Accumulators, Actuators, Hydraulic Fluid), Platform (Fixed, Rotary) and Region - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=897197 .
North America is estimated to lead the aircraft hydraulic system in 2016. Countries in this region include the U.S. and Canada. Significant investments in research and development on advanced aircraft hydraulic system by domestic players and increasing demand for lightweight and easy-to-install systems are some of the factors expected to boost the growth of the aircraft hydraulic system market in this region. The U.S. is expected to drive the growth of the North America aircraft hydraulic system market, owing to the ease of access to innovative technologies and the significant investments made by manufacturers in the development of improved hydraulic systems in the country.
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Source: MarketersMedia
Release ID: 173782
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