The newly Hydraulic Bolt Tensioner market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Hydraulic Bolt Tensioner has a hydraulic body which, using a hydraulic fluid, exerts a strong tension load on the bolt through the brace screwed on that bolt. The body also rests on the skirt in order to apply the reaction force on the assembly to be tightened. Hydraulic bolt tensioning is the fast, simple, safe, and accurate method of tightening bolts and studs.
On the basis of products, the various types include Topside Bolt Tensioners, Sub Sea Bolt Tensioners, Wind Bolt Tensioners, and Others. On the basis of application, the Hydraulic Bolt Tensioner market is segmented into Oil and gas, Power generation, Subsea, Wind, and Industrial.
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According to a new research study, the Hydraulic Bolt Tensioner market size is expected to reach USD 593 million by 2026 from USD 466 million in 2019, with a compound annual growth rate of 3.5% during the forecast period. The rise of advanced tool technology for connecting bolts using hydraulic bolt tensioners has greatly reduced the number of workplace accidents and improved the efficiency and precision of the accessories. The most significant factor that is contributing to the market is a growing demand for Hydraulic Bolt Tensioner in various applications such as Oil and gas, Power generation, Subsea, Wind, and Industrial as they assure leak-free, safe and fast bolted connections for flanges, piping, and other industrial equipment. Growth in industrialization and urban population have increased the demand for energy, thus further propel the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific is the global market leader at a share of 38% and is anticipated to show the same trend during the forecast period. The rising energy needs and growth of the oil & gas industry are expected to promote the growth of the market in this region. The rapid industrialization and urbanization in developing economies, such as China and India, are expected to drive the growth of the market. North America is currently leading Europe with a market share of 32% and 20%. North America is expected to experience significant growth in the coming years, owing to the presence of significant oil & gas and power generation industries in the region.
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The Hydraulic Bolt Tensioner market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are ENERPAC, Riverhawk, SKF, Powermaster Engineers, and HYDRAULICS TECHNOLOGY. Other prominent vendors in the market are Tentec, Hydratight, ITH, SCHAAF GmbH & Co. KG, NORWOLF TOOLS, and others.
Target Audience for this Report
- Hydraulic Bolt Tensioner manufacturers
- Hydraulic Bolt Tensioner importers and exporters
- Hydraulic Bolt Tensioner traders, distributors, and suppliers
- Raw material suppliers of Hydraulic Bolt Tensioner
- Hydraulic Bolt Tensioner industry associations
- Product managers, Hydraulic Bolt Tensioner industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Hydraulic Bolt Tensioner Market
2 Market Trends and Competitive Landscape
3 Segmentation of Hydraulic Bolt Tensioner Market by Types
4 Segmentation of Hydraulic Bolt Tensioner Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Hydraulic Bolt Tensioner Market in Major Countries
7 North America Hydraulic Bolt Tensioner Landscape Analysis
8 Europe Hydraulic Bolt Tensioner Landscape Analysis
9 Asia Pacific Hydraulic Bolt Tensioner Landscape Analysis
10 Latin America, Middle East & Africa Hydraulic Bolt Tensioner Landscape Analysis
11 Major Players Profile
11.1.1 ENERPAC Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.4 Powermaster Engineers
11.5 HYDRAULICS TECHNOLOGY
11.9 SCHAAF GmbH & Co. KG
11.10 NORWOLF TOOLS
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Key questions answered in the report
- What will the market size and growth rate be in 2026?
- What segment or region will drive or lead the market growth and what are the reasons?
- How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
- What key strategies are used by top vendors to increase revenue?
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