IMARC Group, a leading market research company, has recently releases report titled Hydraulic Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 the global hydraulic pump market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.48% during 2023-2028.
What is Hydraulic Pump?
A hydraulic pump is an integral component in hydraulic systems, designed to convert mechanical energy into hydraulic energy. It comprises three main types, including gear pumps, vane pumps, and piston pumps, which can handle higher pressures, making them suitable for heavy-duty applications. It offers high power density and can generate large amounts of power without needing a substantial amount of space. It can operate under high pressure, enabling it to drive heavy-duty machinery and equipment. It also provides precise control of machinery, enabling exact movements and operations. It offers self-lubricating capabilities, which is essential for reducing wear and tear.
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Hydraulic Pump Market Trends and Drivers:
At present, the increasing demand for hydraulic pumps, as they are versatile, durable, and cost-efficient, represents one of the vital factors impelling the growth of the market. Besides this, the rising automation of industrial processes is contributing to the growth of the market. In addition, the growing advancements in the manufacturing of hydraulic pumps, along with the production of electro-hydraulic pumps, are offering a favorable market outlook. Apart from this, the increasing utilization of hydraulic pumps in various construction machinery, such as excavators and loaders, is supporting the growth of the market. Additionally, the rising demand for improved wastewater management and water treatment systems is bolstering the growth of the market.
Who are the Key Players Operating in the Industry?
- Bailey International LLC
- Bosch Rexroth AG (Robert Bosch GmbH)
- Bucher Industries AG
- Danfoss A/S
- Dynamatic Technologies Limited
- Enerpac Tool Group
- HAWE Hydraulik SE
- HYDAC INTERNATIONAL GmbH
- Kawasaki Heavy Industries Ltd.
- Linde Hydraulics GmbH Co. KG (Weichai Power Co. Ltd.)
- Moog Inc.
- Parker Hannifin Corporation.
The report has been segmented the market into following categories:
Breakup by Product Type:
- Gear Pump
- Vane Pump
- Piston Pump
Breakup by Pressure Range:
- Up to 600 psi
- 601 psi-1000 psi
- More than 1000 psi
Breakup by Application:
- Mobile Application
- Industrial Application
Breakup by End User:
- Construction
- Mining
- Agriculture
- Machinery
- Oil and Gas
- Chemicals and Petrochemicals
- Automotive
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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