$229 Million Automotive Hydrostatic Fan Drive System Market - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.
The hydrostatic fan drive system market for automotive is projected to grow at a CAGR of 6.80% from 2018 to 2025.
The market for automotive hydrostatic fan drive systems is estimated to be USD 144.8 Million in 2018 and is projected to reach USD 229.6 Million by 2025.
The key growth drivers of this market are the growing demand for an independent, compact, and silent engine cooling system for off-highway vehicles and the increasingly stringent emission regulations that have accentuated the demand for a fuel-efficient engine cooling system.
Report HighlightsThe hydraulic pump is estimated to be the fastest-growing segment of the hydrostatic fan drive system market, by component. Construction equipment is estimated to hold the largest share in the global automotive hydrostatic fan drive system market. The variable displacement pump is estimated to be the fastest growing market during the forecast period. The increasing number of rear engine buses and construction equipment in Europe and North America are driving the growth of the hydrostatic fan drive system market.
DriversGrowing Demand for Compact, Silent, and Independent Engine Cooling System
RestraintsIncreasing Demand for Electric and Hybrid Vehicles Decreasing the Need for Engine Cooling System
OpportunitiesIncreased Demand for Fuel-Efficient and Energy Saving Technologies
ChallengesStringent Emission Norms Pose A Challenge for Off-Highway Vehicles
Companies MentionedEaton Parker Hannifin JTEKT Bosch Danfoss Concentric Bucher Hydraulics Hawe Hydraulik Walvoil Bondioli & Pavesi Enovation Controls Hydac International Casappa Hydrosila Group Axiomatic Technologies Avid Impex Quality Hydraulics & Pneumatics Hydraforce Hydraulics
For more information about this report visit https://www.researchandmarkets.com/research/pmzkj8/229_million?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005292/en/
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Related Topics:Engines and Engine Parts ,Automotive Climate Control Systems
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 09/27/2018 03:50 AM/DISC: 09/27/2018 03:50 AM