Fluid Conveyance Systems Market size in terms of volume and value 201 FMI | Page 4

Report
Description
Report Description
Region wise, the global fluid conveyance systems market is segmented into North America,
Latin America, Western Europe, Eastern Europe, Asia Pacific (APEJ), Japan, and Middle East &
Africa.
Fluid Conveyance Systems Market: Drivers and Restraints
The rising adoption of mechatronics- The integration of hydraulics with electronics is
increasing the usage of hydraulics in mechatronic systems in various end-use industries,
which in turn fuels the growth of the global fluid conveyance systems market.
Rising construction activities– Sustained infrastructure and urbanization investment in the
developing economies, especially in the BRIC region, will cause a robust growth in the fluid
conveyance system market during the forecast period.
High demand for minerals, particularly in the developing economies, is expected to secure
growth in equipment for mining activities, comprising of excavators, trucks, drilling
machines, dumpers, etc., which would in turn increase the demand for fluid conveyance
system during the forecast period.
Fluid Conveyance Systems Market: Regional Outlook
The global fluid conveyance systems market is projected to witness a considerable growth in
CAGR from 2015 to 2025. Currently, North America and Western Europe are the matured
market for fluid conveyance systems providers. However, Asia-Pacific, and MEA are expected
to become lucrative regional market for key players operating in the global fluid conveyance