Machinery Coverage

Portable Fire Extinguisher Market Definition

A portable fire extinguisher is a piece of equipment designed to extinguish a fire. It functions by releasing an extinguishing agent that cools the fuel, removes or displaces the oxygen, or stops the chemical reaction that causes the fire. This equipment is used for controlling or extinguishing small fires, often in emergency situations. Portable fire extinguishers are essential safety tools found in a variety of settings, including residential, industrial and commercial spaces. They are commonly used to address initial fire outbreaks before they escalate into larger, unmanageable fires, thereby playing a crucial role in fire safety and prevention. The portable fire extinguisher market consists of sales of portable fire extinguishers by entities (organizations, sole traders or partnerships) that manufacture portable fire extinguishers.

Industrial Fans And Blowers Market Definition

Industrial fans and blowers are critical components in various industrial processes, serving the primary function of providing enhanced airflow or gas movement in specific environments. These devices are used across a wide range of industries to support ventilation, cooling, drying, particulate transport and exhaust systems. industrial fans and blowers are designed to move large volumes of air or gas, with industrial fans typically generating a flow using blades that rotate about an axis, while blowers use impellers to produce a high-pressure airflow. The industrial fans and blowers market consists of sales of industrial fans and blowers by entities that manufacture these devices. These devices play a pivotal role in ensuring operational efficiency, safety and compliance with environmental standards within various industries by controlling and improving air quality, regulating temperature and removing unwanted particles and gases from the air. industrial fans and blowers are utilized in processes where the need for air or gas movement is paramount.

Agricultural Implement Market Definition

An agricultural implement refers to any tool or device that is used in farming or agricultural activities to perform specific tasks related to cultivation, planting, harvesting or other agricultural processes. These implements are designed to make various tasks more efficient and manageable for farmers, ultimately contributing to increased productivity in agriculture. Agricultural implements can range from simple hand tools to complex machinery, depending on the scale of farming and the specific tasks involved. The agricultural implement market consists of sales of farm machinery and equipment, lawn and garden tractors and home lawn and garden equipment by entities (organizations, sole traders or partnerships) that produce agricultural implements. The market includes agriculture and farm machines such as tractors, cotton ginning machinery, feed processing equipment, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm-type), plowing equipment, combines (harvesting threshers), poultry brooders, feeders and waterers, push lawn mowers, ride-on mowers, snow blowers and throwers (residential-type) and attachments (lawn and garden-type and farm-type), garden tools and autonomous farm equipment.

Dispensing Pharmacy Packaging Machine Market Definition

Dispensing pharmacy packaging machines are advanced machines that reduce drugs dispensing time and serve customers quickly and with efficiency. Dispensing pharmacy packaging machines are medication distribution systems that provide computer-controlled storage, dispensing, packaging and distribution of medicines. The dispensing pharmacy packaging machines, with the help of the programmed working process, latest technologies and sensors, accomplish their tasks. Such machines are capable of enhancing efficiency, reducing overall costs, real-time data processing and decreasing the margin of error. The dispensing pharmacy packaging machine market consists of sales, by entities (organizations, sole traders and partnerships), of dispensing pharmacy packaging machines that are used in preparing medications and nutraceuticals for secure distribution. It is an automated system that helps in positioning medications properly to preserve their quality and improve their overall appearance.

Automatic Garage Door Operator Market Definition And Segments

An automatic garage door operator refers to a motorized device installed in a garage that enables the automatic opening and closing of the garage door. The primary uses of automatic garage door operators is to provide convenience to homeowners. The users can operate the garage door by pressing a button on a remote control or keypad rather than manually opening and closing it, which can be heavy and burdensome. The main types of openers used by automatic garage door operators are screw drives, chain drives, belt drives, and others. A screw drive garage door opener is a type of automatic garage door operator that operates the garage door using a threaded steel rod. The types of sensors used include infrared sensors and photoelectric sensors. The controller types are Wi-Fi and Bluetooth. The installation types include new construction and replacement. They are used by end users, such as residential and commercial. The automatic garage door operator market covered in this report is segmented – 1) By Opener Type: Screw Drive, Chain Drive, Belt Drive, Other Opener Types 2) By Sensor Type: Infrared Sensor, Photoelectric Sensor 3) By Controller Type: Wi-Fi, Bluetooth 4) By Installation Type: New Construction, Replacement 5) By End User: Residential, Commercial The automatic garage door operator market size has grown strongly in recent years. It will grow from $2.57 billion in 2023 to $2.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urbanization, increasing number of vehicles, home automation trends, rising disposable income, growing awareness of security concerns. The automatic garage door operator market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to advancements in IoT and connectivity, adoption of smart home technologies, expansion of construction industry, aging population and accessibility needs, regulatory changes promoting energy efficiency. Major trends in the forecast period include integration with home security systems, emergence of AI-powered features, growth of subscription-based services, customization and personalization options, sustainable and eco-friendly solutions.

Rise Of Automatic Garage Door Operators In The Expanding Construction Industry

The growing construction industry and residential building projects are expected to propel the growth of the automatic garage door operator market going forward. The construction industry encompasses various sectors, with residential buildings specifically focusing on the construction of homes, apartments, and other dwellings intended for human habitation. They are on the rise due to urban development, infrastructure expansion, economic growth, and targeted government initiatives. An automatic garage door operator enhances construction efficiency by enabling quick, secure, and remote access to buildings and storage areas, streamlining operations and improving safety. For instance, in January 2024, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government agencies, in 2023, there was a 4.5% increase in the completion of housing units, with a total of 1,452,500 units finished, up from 1,390,500 units in 2022. Therefore, the growing construction industry and residential building projects are driving the automatic garage door operator market. Major companies operating in the automatic garage door operator market are Assa Abloy AB, Dormakaba Holding AG, Ryobi Limited, Overhead Door Corporation, Chamberlain Group LLC, Nortek Security & Control LLC, Novoferm GmbH, Hörmann International GmbH, GEZE GmbH, Clopay Corporation, CAME S.p.A., Stanley Access Technologies, FAAC SPA, Garaga Inc., Raynor Garage Doors, SOMMER Antriebs- und Funktechnik GmbH, Skylinkhome, Nabco Ltd., GfA Elektromaten GmbH, Marantec GmbH & Co. KG, Superlift Garage Door Openers Pty. Ltd., Gryphon Garage Doors, Guardian Access & Door Hardware, Dalian Seaside Co. Ltd., Kruzik s.r.o

Overhead Door Corporation Launches Innovative Legacy 850 Garage Door Opener

Major companies operating in the automatic garage door operator market are focused on developing innovative products such as the Legacy 850 Models 2129L and 2129BL to hold significant positions in the market. It features a 24V DC motor with adjustable speeds for efficient and quiet operation, making it an excellent choice for a garage door opener. For instance, in March 2023, Overhead Door Corporation, a US-based company that specializes in residential and commercial door systems, launched the Legacy 850 Models 2129L and 2129BL. The Legacy 850 Models 2129L and 2129BL are garage door opener models that come standard with integrated OHD Anywhere Wi-Fi and smartphone control capabilities, as well as battery backup. These models provide users with advanced features for convenient and secure operation of their garage doors. The Legacy 850 garage door opener is designed to offer reliability, power, and quiet operation, making it suitable for most residential sectional garage doors weighing up to 500 lbs

Blackstone Enhances Its Portfolio With Chamberlain Group's Smart Building Technologies

In November 2021, Blackstone, a US-based private equity company, acquired The Chamberlain Group LLC for $5 billion. With this acquisition, Blackstone's investment is expected to provide Chamberlain Group with additional resources and expertise to scale its software-based and connected services business into new markets. The Chamberlain Group LLC is a US-based company that manufactures smart building products, including garage door openers. North America was the largest region in the automatic garage door operator market in 2023. The regions covered in the automatic garage door operator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automatic garage door operator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automatic garage door operator market consists of sales of motors, sensors, and remote controls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automatic garage door operators market research report is one of a series of new reports from The Business Research Company that provides automatic garage door operators market statistics, including automatic garage door operators industry global market size, regional shares, competitors with a automatic garage door operators market share, detailed automatic garage door operators market segments, market trends and opportunities, and any further data you may need to thrive in the automatic garage door operators industry. This automatic garage door operators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Biomass Boilers Market Definition And Segments

A biomass boiler refers to a type of boiler that uses organic materials, such as wood pellets, wood chips, agricultural residues, or other biomass resources, as fuel to generate heat or electricity. These boilers are designed to burn biomass efficiently, providing a renewable and sustainable alternative to fossil fuels. Biomass boilers can be used for heating homes, businesses, or industrial processes, and they play a role in reducing greenhouse gas emissions by utilizing carbon-neutral fuel sources. The main types of biomass boilers are stokers, bubbling fluidized beds, circulating fluidized beds, and others. A stoker biomass boiler is a type of boiler that uses a mechanical system to feed fuel into the combustion chamber, where it is burned to generate heat. It is used in various applications, such as heating and power generation, and by end-users in residential, commercial, and industrial. The biomass boilers market covered in this report is segmented – 1) By Type: Stoker, Bubbling Fluidized Bed, Circulating Fluidized Bed, Other Types 2) By Application: Heating, Power Generation 3) By End-Use: Residential, Commercial, Industrial The biomass boilers market size has grown rapidly in recent years. It will grow from $6.35 billion in 2023 to $7.39 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to energy security, environmental concerns, renewable energy policies, waste management. The biomass boilers market size is expected to see rapid growth in the next few years. It will grow to $12.70 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to climate change mitigation, renewable energy targets, circular economy initiatives, energy access and security. Major trends in the forecast period include efficiency improvements, modularity and scalability, integration with renewable energy systems, digitalization and smart controls, bioenergy districts.

Biomass Boilers Market Poised For Growth Amid Rising Demand For Renewable Heating Solutions

The growing demand for renewable heating solutions is expected to propel the growth of the biomass boilers market going forward. Renewable heating solutions refer to systems or technologies that utilize energy sources derived from renewable resources to generate heat for residential, commercial, or industrial purposes. Biomass boilers are used for renewable heating solutions because they are environmentally friendly, cost-effective, and stable. They also help reduce greenhouse gas emissions, improve energy security, and support the transition to a cleaner, more sustainable energy future. For instance, in 2022, according to reports published by the International Energy Agency, a France-based autonomous intergovernmental organization, renewable heat consumption is predicted to increase by almost one-third during 2022–2027, bringing the modern use of renewables in heat from 11.4% to 14% by 2022–2027. Further, according to the New York State Energy Research and Development Authority (NYSERDA), a US-based government organization, heat pump sales increased by 3.9 million units in 2021 to 4.3 million units by 2022. Therefore, the growing demand for renewable heating solutions is expected to propel the growth of the biomass boiler market. Major companies operating in the biomass boilers market are Siemens AG, General Electric Company, Alstom SA, Doosan Heavy Industries And Construction Co. Ltd., IHI Corporation, ANDRITZ AG, Thermax Limited, Harbin Electric Company Limited, Bharat Heavy Electricals Limited, Babcock And Wilcox Enterprises, Inc., Aalborg Energie Technik A/S, Hurst Boiler And Welding Co. Inc., Schmid energy solutions AG, Mitsubishi Hitachi Power Systems, Leroux and Lotz Technologies, Wood Energy Ltd, ETA Heiztechnik GmbH, Wellons Inc, Baxi Group Limited, AMEC Foster Wheeler plc, Nexterra Systems Corp., Advanced Recycling Equipment Inc, VAS Energy Systems International GmbH, LAMBION Energy Solutions GmbH, Mawera GmbH, Kohlbach Group, Jernforsen Energi System AB, Ansaldo Energia S.p.A., Energy Innovations (UK) Ltd, Lin-Ka Maskinfabrik A/S

Expansion Initiatives In The Biomass Boilers Market

Major companies operating in the biomass boiler market are expanding their businesses to meet the increasing demand for renewable energy sources and the growing need to reduce carbon emissions. Business expansion refers to the growth of a company's operations, activities, and market presence. It typically involves increasing the scale of operations, expanding into new markets, and diversifying products or services. For instance, in March 2022, ANDRITZ, an Austria-based machinery industry company, successfully launched a new biomass boiler plant at Vattenfall AB in Uppsala, Sweden, for its Carpe Futurum project. The plant supplies more than 110 MW of district heat to the Uppsala area and is also prepared for electricity production at a later stage. This initiative helps Vattenfall AB achieve its goal of becoming CO2-neutral. Its efficient and environmentally friendly design aligns with the increasing global focus on renewable energy sources and the need to reduce carbon emissions.

Yokogawa Acquires Dublix To Enhance Solutions For Waste-To-Energy And Biomass Power Markets

In May 2022, Yokogawa, a Japan-based electric company, acquired Dublix for an undisclosed amount. Through this acquisition, Yokogawa aims to provide comprehensive monitoring, control, and maintenance systems for the waste-to-energy and biomass power markets, ultimately supporting sustainability goals. Dublix is a Denmark-based provider of waste-to-energy and biomass optimization services. Asia-Pacific was the largest region in the biomass boilers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biomass boilers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biomass boilers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The biomass boiler market consists of sales of wood chip boilers, log boilers, biomass pellet stoves, combined heat and power (CHP) systems, and biomass district heating systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biomass boilers market research report is one of a series of new reports from The Business Research Company that provides biomass boilers market statistics, including biomass boilers industry global market size, regional shares, competitors with a biomass boilers market share, detailed biomass boilers market segments, market trends and opportunities, and any further data you may need to thrive in the biomass boilers industry. This biomass boilers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Bioprocess Automation Market Definition And Segments

Bioprocess automation is using automated systems to monitor and control the bioprocessing workflow, which involves living cells, organisms, or components to produce biological products such as biopharmaceuticals. Biopharmaceutical businesses use bioprocess automation for better process control and optimization, higher product quality, decreased variability, increased throughput and efficiency, cost savings, and scalability. The main components of bioprocess automation are sensors, actuators, and controllers. Sensors are devices that detect and respond to inputs from the physical environment, converting them into electronic signals, which are used to monitor various parameters such as temperature, pH, dissolved oxygen, and pressure. The scale of operation includes preclinical operations, clinical operations, and commercial operations with batch, fed-batch, and perfusion modes of compatibility with bioprocessing systems include single-use systems, stainless steel, and others. The bioprocess automation market covered in this report is segmented – 1) By Component Of Process Control System: Sensors, Actuators, Controllers 2) By Scale Of Operation: Preclinical Operations, Clinical Operations, Commercial Operations 3) By Mode Of Operation: Batch, Fed-Batch, Perfusion 4) By Compatibility With Bioprocessing Systems: Single-Use Systems, Stainless Steel, Other Bioprocessing Systems The bioprocess automation market size has grown rapidly in recent years. It will grow from $5.01 billion in 2023 to $5.67 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to increased efficiency, cost reduction, risk mitigation, rising demand for remote monitoring and control, and reduced labor dependency. The bioprocess automation market size is expected to see rapid growth in the next few years. It will grow to $9.10 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to enhanced productivity, regulatory compliance, process optimization, predictive maintenance predictive maintenance, and real-time analytics. Major trends in the forecast period include integration of ai and machine learning, modular bioprocessing, process control strategies for gene therapy, process control strategies for gene therapy, and data analytics and visualization.

The Role Of Personalized Medicine In Driving Bioprocess Automation Market Growth

The increasing number of personalized medicines is expected to fuel the growth of the bioprocess automation market going forward. Personalized medicine refers to a medical approach that tailors healthcare decisions, practices, interventions, and treatments to the individual characteristics of each patient. Bioprocess automation helps personalized medicine by enabling precision and scalability in producing patient-specific drugs. For instance, according to Personalized Medicine Coalition, a US-based professional membership organization, in 2022, approving 12 new personalized medicines represented approximately 34% of all newly approved therapies, indicating a substantial increase from previous years. Therefore, the increasing number of personalized medicines is driving the growth of the bioprocess automation market. Major companies operating in the bioprocess automation market are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Corporation, Danaher Corporation, Amgen Inc., Merck KGaA, Parker-Hannifin Corporation, CSL Behring LLC, Rockwell Automation Inc., Agilent Technologies Inc., Lonza Group AG, Waters Corporation, Getinge AB, Eppendorf AG, Repligen Corporation, BIONET Research S.A., Flotek Industries Inc., Pierre Guerin SAS, Bioengineering AG, Genedata AG, ILS Automation, INFORS AG, Synthace Limited, Automated Control Concepts Inc., BlueSens gas sensor GmbH, DISTek Integration Inc., Securecell AG, Flownamics Analytical Instruments Inc., Inscripta Inc., PendoTECH Inc., Sartorius Stedim Biotech S.A.

Innovative Bioreactor Solutions Revolutionizing Bioprocessing Operations

Major companies operating in the bioprocess automation market are developing innovative solutions, such as bioreactors to simplify bioprocessing operations. A bioreactor is an engineered system or device that provides an optimal and controlled environment for biological and chemical reactions. For instance, in April 2023, Cytiva, a US-based technology company that provides technologies and services that help advance and accelerate the development and manufacture of therapeutics, launched X-platform bioreactors to simplify single-use upstream bioprocessing operations. It is easy to operate, flexible, and more efficient in the process. It was first offered in 50 and 200 L capacities. They can increase process efficiency through ergonomic improvements, production capability, and simplified supply chain operations. The X-platform bioreactors can be used to manufacture cell and gene therapies as well as viral vectors, in addition to monoclonal antibodies (mAbs).

Yokogawa Electric Corporation Enhances Biopharmaceutical Solutions With Acquisition Of Insilico Biotechnology AG

In November 2021, Yokogawa Electric Corporation, a Japan-based electrical engineering and software company that provides industrial automation and test and measurement solutions, acquired Insilico Biotechnology AG for an undisclosed amount. The acquisition aims to build total bioprocess solutions that support biopharmaceutical development through manufacturing, addressing the increasing demand for biopharmaceuticals with fewer side effects. Insilico Biotechnology AG, a Germany-based biotechnology company, offers digital twin-based software and bioprocess services, including simulating living cells and providing smart bioprocess development solutions to the biopharmaceutical industry. North America was the largest region in the bioprocess automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioprocess automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bioprocess automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The bioprocess automation market includes revenues earned by entities by providing services such as process automation, instrumentation and control systems, training and support services, and maintenance and upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. The bioprocess automation market also includes sales of bioreactors, fermenters, laboratory information management systems (LIMS), and integrated bioprocess platforms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The bioprocess automation market research report is one of a series of new reports from The Business Research Company that provides bioprocess automation market statistics, including bioprocess automation industry global market size, regional shares, competitors with a bioprocess automation market share, detailed bioprocess automation market segments, market trends and opportunities, and any further data you may need to thrive in the bioprocess automation industry. This bioprocess automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hydraulic Equipment Market Definition And Segments

Hydraulic equipment refers to machinery or devices that use pressurized fluid to perform various tasks. This equipment works by applying liquid pressure, usually with the help of hydraulic cylinders to move pistons. These are primarily used to produce motion or force, which makes them an effective and adaptable instrument for a variety of industrial uses. The main types of components included in hydraulic equipment are motors, pumps, cylinders, valves, filters, accumulators, transmissions, and others. A hydraulic motor is a mechanical actuator that produces a rotating shaft by converting hydraulic pressure and flow into torque and angular displacement. These are used for several applications, including mobile and industries, and are used by various end users, such as mining and construction, agriculture and mining, packaging, material handling, and others. The hydraulic equipment market covered in this report is segmented – 1) By Component: Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions, Other Components 2) By Applications: Mobile, Industries 3) By End User: Mining And Construction, Agriculture And Mining, Packaging, Material Handling, Other Applications The hydraulic equipment market size has grown strongly in recent years. It will grow from $42.92 billion in 2023 to $45.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to urbanization and industrialization, growing need for advanced agricultural machinery, increasing demand for material handling equipment, expansion of process industries, increasing integration of hydraulic systems into automated manufacturing processes. The hydraulic equipment market size is expected to see steady growth in the next few years. It will grow to $53.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to expansion of construction industry, increasing demand for eco-friendly hydraulic solutions, growing demand for hydraulic equipment in the aerospace and defense industries, increasing adoption of electric vehicles, increasing demand for hydraulic equipment in the mining industry. Major trends in the forecast period include IoT integration, expansion of new manufacturing facilities, adoption of mechanized agricultural equipment, product innovation, higher investments.

Construction Industry Driving Growth In Hydraulic Equipment Market

The expanding construction industry is expected to propel the growth of the hydraulic equipment market going forward. The construction industry encompasses all activities related to the planning, design, construction, and maintenance of buildings, infrastructure, and other physical structures. Growth in the construction industry can be attributed to government spending on building projects, rising infrastructure investments, and stabilization in the real estate market. Hydraulic systems can produce immense force with relatively small components, making them ideal for heavy lifting, pushing, and pulling tasks required in construction, such as operating cranes, excavators, and bulldozers. For instance, in August 2023, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, the estimated monthly construction output saw a 1.6% increase in volume in June 2023, attributed to rises in both new construction work (2.0%) and repair and maintenance activities (1.1%). The output of construction increased by 0.3% from Quarter 1 (January to March) 2023 to Quarter 2 (April to June) 2023. Therefore, the expanding construction industry is driving the growth of the hydraulic equipment market. Major companies operating in the hydraulic equipment market are Robert Bosch GmbH, Siemens AG, Komatsu Ltd., Motion Industries Inc., Parker Hannifin Corporation, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Danfoss AS, SMC Corporation, Festo SE, Moog Inc., Concentric AB, HAWE Hydraulik SE, Linde Hydraulics Corp, Wipro Infrastructure Engineering, Casappa Corp, Norgren Limited, Hydac International GmbH, Dantal Hydraulics Pvt. Ltd., Daikin Industries Ltd., Bucher Hydraulics Inc., Hannon Hydraulics Inc., Fluitronics GmbH, American Design & Manufacturing Inc., Nachi-Fujikoshi Corp.

Increasing Focus On Efficiency With SP 6-Inch Energy-Efficient Hydraulic Pump

Major companies operating in the hydraulic equipment market are developing innovative products, such as energy-efficient hydraulic pumps, to better serve customers with advanced features and gain a competitive edge in the market. An energy-efficient hydraulic pump is a device designed to transfer mechanical energy into hydraulic energy while minimizing energy losses. For instance, in January 2024, Grundfos, a Denmark-based pump manufacturer, launched the SP 6-inch hydraulic pump for groundwater pumping. The SP 6-inch hydraulic pump stands out with its key features, including superior energy efficiency achieved through upgraded hydraulics, resulting in significant energy savings. It incorporates a high-efficiency permanent magnet motor, ensuring reliable performance while maximizing overall efficiency. Its robust stainless-steel rotor design, featuring a durable stainless-steel-clad canned rotor, ensures optimized operations and longevity. Additionally, the pump offers an expanded temperature range of up to 140°F, making it versatile and suitable for a wide range of applications.

Atlas Copco Bolsters Industrial Pump Segment With Acquisition Of Kracht GmbH

In January 2024, Atlas Copco, a Sweden-based manufacturing company, acquired Kracht GmbH for an undisclosed amount. This acquisition is expected to expand Atlas' portfolio within positive displacement pumps and further strengthen its position in the industrial pump segment. Kracht GmbH is a Germany-based manufacturer of hydraulic pumps primarily used in oil hydraulic systems. North America was the largest region in the hydraulic equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydraulic equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The hydraulic equipment market consists of sales of hydraulic presses, lifts, fittings and hydraulic power units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydraulic equipment market research report is one of a series of new reports from The Business Research Company that provides hydraulic equipment market statistics, including hydraulic equipment industry global market size, regional shares, competitors with a hydraulic equipment market share, detailed hydraulic equipment market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic equipment industry. This hydraulic equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.