What’s the next step for hydraulic press companies?
A few months after their first foray into the hydraulic press market, companies are still scrambling to figure out how they will keep their business.
As it turns out, they have to keep moving.
Here are the major hurdles they face as they try to transition into the new industry.1.
The market is still very fragmentedThe supply chain is still relatively new.
And in the midst of a massive oil boom, there are still many companies and firms in the business.
So for some companies, the transition may be a challenge.
In fact, some of the biggest competitors have already moved on.2.
The technology is still fairly newThe hydraulic press technology has already been in use for over 50 years.
But there are many unknowns, and a lot of uncertainty about how this new technology will perform in the real world.
In addition, hydraulic presses have a long history of reliability issues.3.
There are some technical hurdles to clearThe most common barriers to getting started with hydraulic presses are that companies need to develop the equipment and then the regulators need to approve them.
That’s not always easy.
So it’s not just the technology that’s a barrier, but also the regulatory process.
For example, some states have adopted regulations requiring hydraulic presses to be certified by the Environmental Protection Agency, which is a complicated process.
The industry also faces a variety of other obstacles.4.
There’s no clear path to the next levelOf course, the big question is: Will this new industry ever see the light of day?
While there are companies and governments in the United States and around the world that have invested in this new sector, there’s no consensus on what the next phase of hydraulic press development should look like.
So as of now, we don’t know exactly where we’re headed.
We’re only just beginning to look at some of these challenges.
What’s your take?
Are hydraulic presses a viable way to clean up the world?
Are they viable for the industrial economy?
Or are they a nightmare for the environment?
Leave your thoughts in the comments below.