Technological Advancements Driving Growth in the Hydraulic Power...

Technological Advancements Driving Growth in the Hydraulic Power Unit Market

Posted 2023-03-27 07:30:13

Hydraulic Power Unit Market Overview:

Hydraulic Power Unit Market size is projected to reach USD 8.01 Billion, with 5.3% CAGR.

The hydraulic power unit market refers to the global market for hydraulic power units, which are used to generate and transmit hydraulic power to various industrial and mobile applications. Hydraulic power units are widely used in a variety of industries, including construction, mining, oil and gas, and manufacturing.

The hydraulic power unit market is segmented into five regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. Asia-Pacific holds the largest share in the hydraulic power unit market, owing to the increasing investments in the industrialization in countries such as India, Australia, and China.

In Europe, Germany is expected to be the largest and the fastest growing country in the hydraulic power unit market, owing to the increasing presence of hydraulic power unit manufacturers. The rising industrial processing, construction, and mining activities in the country’s minerals & metals industry contribute a considerable share to the country’s GDP. As a result, the hydraulic power unit market in Germany is estimated to register a significant CAGR during the forecast period.

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In North America, the US is expected to be the largest market owing to the growing agriculture sector, which is one of the largest sectors in the country. Additionally, the US is also expected to grow at the fastest rate. Such factors are likely to drive the growth of the hydraulic power unit market in North America during the forecast period.

In the Middle East & Africa, Saudi Arabia is projected to be the largest and the fastest growing country in the hydraulic power unit market owing to the increasing investments by local and international players in the country. These factors are expected to boost the demand for hydraulic power units as they help oil and gas companies reduce costs and improve efficiency.

In South America, Brazil is expected to be the largest and the fastest growing country in the hydraulic power unit market owing to the developing agriculture sector, which contributes almost 25% to the country’s GDP, thereby boosting demand for hydraulic power units in the country.

The global hydraulic power unit market is segmented based on operating pressure rating and application. By operating pressure rating, the global market is segmented into up to 750 PSI, 750–2000 PSI, 2000–3000 PSI, and above 3000 PSI. The 750–2000 PSI segment is projected to be the largest market share in the global hydraulic power unit market. By application, the global market is segmented into mobile, industrial, and others. The mobile segment is expected to hold the largest market share in the global hydraulic power unit market.

Key Players

The players operating in the Global Hydraulic Power Unit Market are Bosch Rexroth AG (Germany), Brevini Fluid Power S.p.A (Italy), Parker Hannifin Corporation (US), Weber Hydraulik GmbH (Germany), Hydromega (Canada), Hydac International GmbH (Germany), Nachi-Fujikoshi Corporation (Japan), Bailey International LLC (US), Eaton Corporation (Ireland), Energy Manufacturing Company, Inc. (US), Hydro-tek Co Ltd. (South Korea), Branch Hydraulic Systems Ltd (UK), Related Fluid Power Ltd. (UK), and HCS Control Systems Ltd. (UK).

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Scope of the Report

This report provides an in-depth analysis of the global hydraulic power unit market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for South America, North America, the Middle East & Africa, Europe, and Asia-Pacific. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydraulic power unit market by operating pressure rating, application, and region.

By Operating pressure rating
- Up to 750 PSI
- 750–2000 PSI
- 2000–3000 PSI
- Above 3000 PSI

By Application
- Water & Wastewater Treatment
- Mobile
- Industrial
- Others

By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America

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