Market Overview:
The global hydraulic electronic control unit market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The global hydraulic electronic control unit market has been segmented on the basis of type, application, and region. On the basis of type, the market has been segmented into fully hydraulic and electro-hydraulic. The electro-hydraulic segment is expected to register higher growth rates during the forecast period as compared to other segments owing to its advantages such as low power consumption and easy installation. On the basis of application,the market has been divided into passenger car and commercial vehicle segments. Passenger car held a larger share in terms of revenue in 2017and is anticipatedto maintain its dominance throughoutthe forecast period due To increasein demand for luxury cars across different geographies .
Product Definition:
A hydraulic electronic control unit (HECU) is a component of a hydraulic system that controls the flow of fluid. The HECU uses electronic signals to regulate the flow of fluid in response to inputs from sensors and other components in the system. This allows for precise control over the operation of the hydraulic system. The HECU is important because it ensures that the hydraulicsystem operates smoothly and efficiently.
Fully Hydraulic:
Fully hydraulic cotrol unit (FHCU) is a fully automatic system, which has no manual operation. Cotrols are used to control the pressure and flow of liquids in various industries such as oil & gas, chemical processing, food & beverage processing and mining. Hydraulic electronic control units are used in FHCUs for controlling the pressure and flow of liquids automatically with no need for manual intervention from operators or staff.
Electro-hydraulic:
The electro-hydraulic cotrol unit is a new technology that combines the best of both technologies into one compact and cost effective system. It has the ability to change between hydraulic and electro mechanical control with just a flip of a switch. The EHCO Unit can be retrofitted to any existing hydraulic control system making it more attractive to end users, especially in mature markets where replacement sales are expected soon.
Application Insights:
Passenger car application segment accounted for the largest share of over 60.0% in 2017. The demand is expected to be driven by the growing requirement of cabs and passenger cars on roadways worldwide. Furthermore, increasing number of new vehicle sales is anticipated to further propel market growth over the forecast period.
The commercial vehicle application segment was valued at USD 1,227.5 million in 2017 owing to high demand for trucks, buses and other forms of passenger transport vehicles on a global level due to rising industrialization.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for advanced driver assistance systems (ADAS) and passenger safety technologies, such as advanced airbags and electronic stability control (ESC). Moreover, rising adoption of electric vehicles is also anticipated to drive product demand over the forecast period.
The Asia Pacific regional market captured a revenue share of more than 20% in 2017 owing to high growth opportunities offered by developing countries such as India and China. These countries are witnessing rapid urbanization due to which there has been an increase in automobile production, thereby driving industry expansion over the projected time frame.
Growth Factors:
- Increasing demand for hydraulic electronic control unit in the automotive industry as it helps in improving fuel efficiency and reducing emissions.
- Growing demand for hydraulic electronic control unit from the construction and mining sectors due to its ability to improve productivity and reduce costs.
- Increasing adoption of hydraulic electronic control unit in agricultural applications owing to its ability to improve irrigation efficiency and optimize water usage.
- Rising demand for advanced hydraulics systems that offer enhanced performance, precision, and reliability, which is boosting the growth of the hydraulic electronic control unit market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Electronic Cotrol Unit Market Research Report
By Type
Fully Hydraulic, Electro-hydraulic
By Application
Passenger Car, Commercial Vehicle
By Companies
SMC, Alfagomma, ITT, Hy-Lok, Gates, Voss, Manuli, Swagelok, Eaton, Brennan, Rastelli, Stucchi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Electronic Cotrol Unit Market Report Segments:
The global Hydraulic Electronic Cotrol Unit market is segmented on the basis of:
Types
Fully Hydraulic, Electro-hydraulic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SMC
- Alfagomma
- ITT
- Hy-Lok
- Gates
- Voss
- Manuli
- Swagelok
- Eaton
- Brennan
- Rastelli
- Stucchi
Highlights of The Hydraulic Electronic Cotrol Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Hydraulic
- Electro-hydraulic
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydraulic Electronic Cotrol Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hydraulic electronic control unit (HECU) is a device that controls the operation of hydraulic systems. These systems are used to move objects or fluids using pressurized fluid. HECUs can be found in a variety of applications, including mining, construction, and agriculture.
Some of the major companies in the hydraulic electronic cotrol unit market are SMC, Alfagomma, ITT, Hy-Lok, Gates, Voss, Manuli, Swagelok, Eaton, Brennan, Rastelli, Stucchi.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydraulic Electronic Cotrol Unit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydraulic Electronic Cotrol Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydraulic Electronic Cotrol Unit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydraulic Electronic Cotrol Unit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydraulic Electronic Cotrol Unit Market Size & Forecast, 2018-2028
4.5.1 Hydraulic Electronic Cotrol Unit Market Size and Y-o-Y Growth
4.5.2 Hydraulic Electronic Cotrol Unit Market Absolute $ Opportunity
Chapter 5 Global Hydraulic Electronic Cotrol Unit Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydraulic Electronic Cotrol Unit Market Size Forecast by Type
5.2.1 Fully Hydraulic
5.2.2 Electro-hydraulic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydraulic Electronic Cotrol Unit Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydraulic Electronic Cotrol Unit Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydraulic Electronic Cotrol Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydraulic Electronic Cotrol Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydraulic Electronic Cotrol Unit Analysis and Forecast
9.1 Introduction
9.2 North America Hydraulic Electronic Cotrol Unit Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydraulic Electronic Cotrol Unit Market Size Forecast by Type
9.6.1 Fully Hydraulic
9.6.2 Electro-hydraulic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydraulic Electronic Cotrol Unit Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydraulic Electronic Cotrol Unit Analysis and Forecast
10.1 Introduction
10.2 Europe Hydraulic Electronic Cotrol Unit Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydraulic Electronic Cotrol Unit Market Size Forecast by Type
10.6.1 Fully Hydraulic
10.6.2 Electro-hydraulic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydraulic Electronic Cotrol Unit Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydraulic Electronic Cotrol Unit Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydraulic Electronic Cotrol Unit Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydraulic Electronic Cotrol Unit Market Size Forecast by Type
11.6.1 Fully Hydraulic
11.6.2 Electro-hydraulic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydraulic Electronic Cotrol Unit Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydraulic Electronic Cotrol Unit Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydraulic Electronic Cotrol Unit Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydraulic Electronic Cotrol Unit Market Size Forecast by Type
12.6.1 Fully Hydraulic
12.6.2 Electro-hydraulic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydraulic Electronic Cotrol Unit Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydraulic Electronic Cotrol Unit Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydraulic Electronic Cotrol Unit Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydraulic Electronic Cotrol Unit Market Size Forecast by Type
13.6.1 Fully Hydraulic
13.6.2 Electro-hydraulic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydraulic Electronic Cotrol Unit Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydraulic Electronic Cotrol Unit Market: Competitive Dashboard
14.2 Global Hydraulic Electronic Cotrol Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMC
14.3.2 Alfagomma
14.3.3 ITT
14.3.4 Hy-Lok
14.3.5 Gates
14.3.6 Voss
14.3.7 Manuli
14.3.8 Swagelok
14.3.9 Eaton
14.3.10 Brennan
14.3.11 Rastelli
14.3.12 Stucchi
