Hydraulic Fluid Connectors Market
The U.S. aerospace industry is increasing its demand for hydraulic fuel connectors. Owing to this rise in demand, the North America hydraulic fluid connectors market is expected to reach a value of US$4.74 billion in 2020. The market was worth US$2.84 billion in 2013 and is expected to grow at a CAGR of 7.6% from 2014 to 2020, according to a Transparency Market Research report titled “Hydraulic Fluid Connectors Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”.The report details the factors that promote growth of the North America hydraulic fluid connectors market, the greatest of which is the demand from the U.S. aerospace industry. Other factors include a growing demand for hydraulic connectors for building construction equipment in North America. Numerous projects are being initiated that are related to the oil and gas sector, the petroleum sector, and the railroad industry.
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