Development of China's hydraulic market in 2015

In April 2015, in recent years, China's hydraulic industry has developed rapidly. In the past five years, the compound growth rate of the hydraulic parts market is 16.39%, accounting for about 20% of the world market, only ranking behind the United States. Based on the domestic market sales of 51.318 billion yuan in 2010, the sales of hydraulic parts will exceed 100 billion yuan in 2015.

Hydraulic technology research and development is also booming. In 2005, more than 3000 papers on hydraulic system were published nationwide, and in 2013, more than 6000 papers were published, accounting for 6% of the total number of papers published in the whole machinery industry. It can be seen that the research on hydraulic system is still very popular