End Users (Construction, Petrochemical, Power & Energy, Auto Industry, Machine Manufacturing)
The construction segment is anticipated to hold 28% share of the global hydraulic intensifier market during the forecast period. The segment is expanding as a result of rising construction activity around the globe, which is being fuelled by population, and infrastructure development After an estimated 2.5 billion people in 1950, the world's population increased to 8.0 billion in mid-November 2022, with an additional 1 billion since 2010 and 2 billion since 1998. Hydraulic intensifiers and other powerful and effective hydraulic systems are essential for increasingly complicated and demanding building projects. These devices supply the pressure and force required for a variety of construction tasks, such as drilling, cutting, and lifting big objects. Furthermore, precise and safe hydraulic systems are necessary for the construction of high-rise buildings and tunnels, which are examples of the technological and methodological breakthroughs in the field. The construction sector is aware of how hydraulic intensifiers can increase performance, decrease manual labour requirements, and improve productivity. As a result, the market for hydraulic intensifiers is still expanding.
Product (Gas, Liquid)
The liquid segment in the hydraulic intensifier market is projected to hold largest market share of about 55% by the end of 2036. The growth of the segment is because liquid pressure is increased via hydraulic intensifiers. They are used in industrial liquid processing, water jet cutting machines, and hydraulic systems, among other applications.
Our in-depth analysis of the global hydraulic intensifier market includes the following segments:
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Author Credits: Richa Gupta
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