Automotive Hydrostatic Fan Drive System Market Projected to reach $229.6 Million by 2025

 The report “Automotive Hydrostatic Fan Drive System Market by Component, Pump Type (Fixed Displacement and Variable Displacement), Vehicle Type (Buses, Construction Equipment, and Agricultural Tractors), and Region – Global Forecast to 2025″, The automotive hydrostatic fan drive system market is projected to grow at a CAGR of 6.80% during the forecast period, from USD 144.8 Million in 2018 to USD 229.6 Million by 2025.

The growing demand for an independent, compact, and silent engine cooling system for off-highway vehicles is expected to drive the automotive hydrostatic fan drive system market. The market growth can also be attributed to the increasing stringency of emission regulations, which have accentuated the demand for a fuel-efficient engine cooling system.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250573626

Construction equipment is estimated to be the largest segment in the automotive hydrostatic fan drive system market

Construction equipment is estimated to be the largest segment of the automotive hydrostatic fan drive system market during the forecast period. The growing infrastructural developments in developing countries such as China and India are expected to drive the growth of the automotive hydrostatic fan drive system market in the construction equipment segment. Additionally, the high penetration of hydrostatic fan drive system in construction equipment is contributing to the market share of this segment.

Variable Displacement Pump is estimated to be the fastest-growing segment of the automotive hydrostatic fan drive system market

The variable displacement pump is estimated to be the fastest growing market during the forecast period. The variable displacement pump is more efficient in controlling the hydraulic flow as per the requirement of the hydraulic motor (fan) speed. However, the variable displacement pump is comparatively expensive. Due to the economies of scale, it is expected to get cheaper and find application in most of the systems.

Asia Pacific: Largest regional market for Automotive Hydrostatic Fan Drive System

The Asia Pacific is estimated to be the largest market for automotive hydrostatic fan drive system. The Asia Pacific region accounts for about 50% of the global automobile production. The region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The growing infrastructural developments in developing countries such as China and India and the increasingly stringent emission regulations are the key factors driving the growth of automotive hydrostatic fan drive system market in the Asia Pacific region.

Key Market Players:

The report covers all the major players in the automotive hydrostatic fan drive system market, including established players such as Eaton (Ireland), Parker Hannifin (US), JTEKT (Japan), Bosch (Germany), and Danfoss (Denmark). The report also comprises a few other players such as Concentric (Sweden), Bucher Hydraulics (Germany), Hawe Hydraulik (Germany), Walvoil (Italy), Bondioli & Pavesi (Italy), Enovation Controls (US), Hydac International (Germany), Casappa (Italy), Hydrosila Group (Ukraine), Axiomatic Technologies (Canada), Avid Impex (India), Quality Hydraulics & Pneumatics (US), and Hydraforce Hydraulics (US).

Request Free Sample Report @ 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=250573626

Comments

Post a Comment

Popular posts from this blog

Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025

The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars have driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments...
Read more

Occupant Classification System Market Latest Trends and Forecast Growth Report to 2025

The global Occupant Classification System Market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025. The increasing awareness about safety in a vehicle has increased the demand for active and passive safety systems. As a result, the automotive industry has witnessed the increasing adoption of active and passive safety systems in a vehicle.  Passive safety systems inside the vehicle include airbags, seatbelts, whiplash protection system, and occupant classification system. Occupant protection system features such as airbags and seatbelts reduce the probability of death or severe injuries in a traffic mishap. Airbags in a vehicle have significantly improved the safety of occupants. Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall sa...
Read more

Automotive Actuators Market to Surpass $29.3 Billion by 2030

The Automotive Actuators Market is projected to grow from an estimated USD 20.9 billion in 2023 to reach USD 29.3 billion by 2030 at a CAGR of 4.9% during the forecast period. Automakers are highly focused on developing new and improved components to increase the fuel efficiency of vehicles owing to growing concerns over environmental changes. Automotive actuators play a significant role in reducing emissions and enhancing vehicle efficiency. Electric actuators, also known as smart actuators, replace hydraulic and pneumatic actuators due to their several benefits, like compact and lightweight design, more energy efficient, and less expensive, making it ideal for various applications. Smart actuators can perform diagnostics and include learning capabilities and memory functions. Electric actuators are typically installed in engines that open and close different valves, which is also anticipated to fuel the overall market growth. “Electric Actuators will be the dominating actuation...
Read more