North America Hydraulic Fluid Connectors Market – Predicted To Grow Through The Anticipated Phase

The hydraulic fluid connectors market of North America was found about USD 3 billion in 2013. It is predicted near USD 5 billion in 2020. The market is expected to experience an 8 percent compounded annual growth rate through the anticipated phase. This phase runs till 2020 from 2014.

 

There is growing requirement for these connectors owing to the expanding industry of aerospace in the United States. This is primarily liable towards driving the North America hydraulic fluid connectors market ahead. Furthermore, augmented requirement for construction machinery in North America is also propelling the demand for this market.

 

Switching from hydraulics to fluid connectors and pneumatic elements is predicted to obstruct the development of the North America hydraulic fluid connectors market.