Hydraulic Bolt Tensioner Market: Introduction
Bolt tensioning is an industry-wide practice used to tighten bolts and studs. Unlike torquing, bolt tensioning elongates the bolt and creates a clamping force on the joint. Hydraulic bolt tensioning is a commonly used method in bolt tensioning, which uses hydraulic bolt tensioners to tighten the bolts. A hydraulic bolt tensioner exerts tension using hydraulic fluid through its hydraulic body, by which the bolt assembly is tightened. Hydraulic bolt tensioners have a high level of accuracy and reliability and are fast, simple and safe as compared to other bolt tensioners and also save time and money. Hydraulic bolt tensioners also provide leak-free installation and a safe work environment as they reduce spills and leaks from the flanges. Hydraulic bolt tensioners are hands-free and reduce manual workforce, thereby reducing work place accidents. Hydraulic bolt tensioners are used for bolt tensioning on flanges, piping, pressure vessels, heat exchangers, compressor covers, windmills, boiler feed pumps and various other applications where a high degree of accuracy and leak-free installation are required.
Hydraulic Bolt Tensioner Market: Dynamics
Bolted connections are integral components of small-scale and large-scale plant operations. The rise of advanced tool technology for connecting bolts using hydraulic bolt tensioners has significantly decreased the number of workplace accidents as well as increased the efficiency and accuracy of fittings. Hydraulic bolt tensioners are hence widely used across industries such as wind, power generation and oil & gas, as they assure leak-free, safe and fast bolted connections for flanges, piping and other industrial equipment.
Oil & gas and power generation industries are expected to be among the key drivers of the hydraulic bolt tensioner market. Growth in industrialization and urban population have significantly increased the demand for energy, which in turn has led to the robust growth of wind and power generation industries globally. This has been creating significant demand for hydraulic bolt tensioners. Hydraulic bolt tensioners are widely used for fitting flanges and bolts on both onshore and offshore in the oil & gas industry. With oil & gas prices stabilizing, the oil & gas market has witnessed steady growth over the last couple of years. This has resulted in a rise in the demand for hydraulic bolt tensioners across the industry.
Hydraulic Bolt Tensioner Market: Segmentation
The global hydraulic bolt tensioner market has been segmented on the basis of type as:
The global hydraulic bolt tensioner market has been segmented on the basis of application as:
The global hydraulic bolt tensioner market has been segmented on the basis of industry as:
Hydraulic Bolt Tensioner Market: Regional Overview
The global hydraulic bolt tensioner market is expected to register substantial growth in the coming years. North America is expected to hold a prominent share in the global hydraulic bolt tensioner market, owing to the presence of significant oil & gas and power generation industries in the region. Europe is expected to witness significant demand for hydraulic bolt tensioners, due to the rise in wind and power generation in the region. The Middle East is also expected to register a robust growth rate in the hydraulic bolt tensioner market due to the growth of the oil & gas industry in the region. China and Asia Pacific are expected to register noteworthy growth rates in the hydraulic bolt tensioner market, due to the rising energy needs and growth of the oil & gas industry in the regions. On the other hand, Japan is expected to witness slow growth in the hydraulic bolt tensioner market.
Global Hydraulic Bolt Tensioner Market: Market Participants
Examples of some of the market participants in the global hydraulic bolt tensioner market identified across the value chain include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
Regional analysis includes:
The Hydraulic Bolt Tensioner market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Hydraulic Bolt Tensioner market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Hydraulic Bolt Tensioner market segments and geographies.