Hydraulic Power Unit Market Forecast Report | Global Size, Share, Analysis, Revenue Research Report by 2030
Hydraulic Power Unit Market Overview:
Hydraulic
Power Unit Market size is projected to reach USD 8.01 Billion by 2025, with
5.3% CAGR.
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.
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.
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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.
|
Report Attribute/Metric |
Details |
|
CAGR |
5.3%
CAGR (2022-2030) |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Historical Data |
2019 & 2020 |
|
Forecast Units |
Value
(USD Billion) |
|
Report Coverage |
Revenue
Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Operating
Pressure Rating and Application |
|
Geographies Covered |
North
America, Europe, Asia-Pacific, and Rest of the World (RoW) |
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
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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