Hydraulic fittings are parts used to connect hoses, pipes, and tubes in hydraulic systems. Hydraulic equipment generally operates under high pressures and is often not a fixed system. Consequently, hydraulic fittings need to be strong, versatile, and reliable to operate safely and effectively in their respective applications. These fittings typically adhere to strict standards which dictate fitting construction, dimensions, and pressure ratings. The global hydraulic hose and fittings market is poised to grow by USD 506.09 million during 2020-2024, progressing at a CAGR of almost 5% during the forecast period.
Flourishing construction industry post economic regression is one of the major factors driving the hydraulic coupling market. Increased industrial and agricultural mechanization is also instrumental in boosting the market demand. However, issues such as the availability & the quality of the raw material, competition from international players, and lack of awareness among customers in terms of understanding the standards, requirements, and technicalities of the product pose a challenge to the market growth of hydraulic couplings.
Hydraulic Power Solutions (HP-SPL) is a one-stop solution for all hydraulic hose coupling requirements and provides 4000 different types of products that are all developed in-house. HPSPL manufactures a wide range of Adaptors, Flanges, and Hose End Fittings, from low to ultra high-pressure range that is compatible with high temperature, aggressive fluids in single & double wire braided and multi-spiral hoses. HPSPL was the pioneer to develop a single piece fitting and non-skive coupling in India and is recognized for the spiral fittings for use in higher pressure spiral hoses. Also, the company offers allied accessories for any hydraulic hose application.
“We do not look at ourselves as a manufacturer, but we look at ourselves as solution providers, we focus on customer satisfaction, help them better understand their requirements and educate them in terms of what they need. A lot of clients come up with a set of requirements having low technical know-how, difficulty in finding a particular type of product or solution that will meet their requirements. We always love taking on those challenges and expanding our horizons as per the client's requirements" signifies Manish Garg, Founding Director.
Moreover, quality is a challenge that is addressed by continuous improvement. Hydraulic Power Solutions strives towards maintaining consistent quality. The company is ISO 2015:9001 certified. “Customer satisfaction, timely delivery, and efficient service have always been the prime motive and have built up a lot of goodwill and reputation for the company” emphasizes Rajesh Bansal, Director and Co-Founder. The company focuses on in-house training and building the right set of the product, where all the materials processed in the plant are regularly laboratory tested.
The machining process is very much set by the standard as the company has installed all sorts of setup that is required to test the raw material and finished product. Also, the company keeps high level of stock after analyzing the market trends to fulfill the clients' requirements quickly. The company offers products that are reliable, durable, and comply with high international quality parameters.
Started in 2008 with one CNC machine, currently, HPSPL has 40 CNC machines, 3 units and over 80 members staff. The company is investing heavily in automation, vertical integration, digitization of processes, customer management, and R&D. The company is setting up a new unit which is a part of a vertical integration and automation program that will help in increasing efficiency, improve quality and give a boost to productivity. “The main KPI for the next two years is to explore options in the export market as we are well established across the country, now is the time to start making inroads in the international markets'' concludes Akshay Bansal, Director of Business development and strategy.
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