What is the Historical Analysis of the Hydraulic Power Unit Market Size?
The hydraulic power unit market has seen considerable growth due to a variety of factors.
•The market size of the hydraulic power unit has expanded significantly in the past years. The market, which was valued at $7.18 billion in 2024, will brace for a growth to $7.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%.
The surge in the historical period can be linked to the growing manufacturing sector, increased construction endeavors, mining and material handling operations, as well as demands in the energy industry and applications in the agricultural machinery sector.
What is the Forecasted Growth of the Hydraulic Power Unit Market Size?
The hydraulic power unit market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for a significant expansion in the hydraulic power unit market size in the upcoming years. The market is projected to reach a value of "$9.77 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%.
The rising demand for hybrid and electric vehicles, a concentrated effort towards energy efficiency, the expansion of offshore wind energy, green hydraulic fluids, and noise reduction are factors contributing to the market's expansion during the forecast period. Major trends shaping the future of the market include the incorporation of smart technologies, the development of compact and modular designs, progress in pump technologies, the integration of condition monitoring systems, and bespoke solutions for industry-specific needs.
What Are The Key Drivers Fueling Growth In The Hydraulic Power Unit Market?
The surge in construction activities is predicted to fuel the expansion of the hydraulic power unit market. These activities encompass the construction of structures like residential and commercial properties, infrastructure endeavors, and industrial facilities. The integral role of hydraulic power units in these activities, particularly their capability to offer an enormous range of power to operate any hydraulic ram, cannot be overlooked. For example, a report by the Census Bureau, a US government agency, estimated that construction expenditure in October 2023 reached $2,027.1 billion, marking an increase of 0.6 percent from the revised data of September, which stood at $2,014.7 billion. Compared to the October 2022 estimate of $1,830.5 billion, the figure for October 2023 is up by 10.7%. Hence, the escalating construction activities are fostering the expansion of the hydraulic power unit market.
What Are The Principal Market Segments In The Global Hydraulic Power Unit Industry?
The hydraulic power unit market covered in this report is segmented –
1) By Type: Gas Hydraulic Power Unit, Electric Hydraulic Power Unit
2) By Component: Hydraulic Motors, Hydraulic Pumps, Accumulators, Accessories
3) By Pressure Rating Type: 0-750 PSI, 750-2000 PSI, 2000-3000 PSI, >3000 PSI
4) By Application: Civil Engineering Projects, Automotive Industry, Energy Industry, Other Applications
Subsegments:
1) By Gas Hydraulic Power Unit: Portable Gas Hydraulic Power Units, Stationary Gas Hydraulic Power Units
2) By Electric Hydraulic Power Unit: Single Phase Electric Hydraulic Power Units, Three Phase Electric Hydraulic Power Units, DC Electric Hydraulic Power Units
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Which Emerging Market Trends Are Altering The Hydraulic Power Unit Sector?
Key firms engaged in the hydraulic power unit sphere, such as those producing the WEBER-HYDRAULIK valve portfolio, are creating innovative goods with cutting-edge features to offer improved customer service. The initial version of the WEBER-HYDRAULIK valve portfolio provides a broad array of hydraulic elements for numerous uses. For example, in March 2023, Weber-Hydraulik GmbH, a machinery manufacturing corporation based in Germany, unveiled their first rendition of the WEBER-HYDRAULIK valve portfolio. Before shipping, these valves are examined on hydraulic testing platforms to verify their quality and efficiency. The valve portfolio comprises diverse on-off solenoids, pressure relief valves, flow control valves, and check valves, which are compatible with hydraulic power units for various applications. The addition of the WEBER-HYDRAULIK valve product range into Famic Technologies' advanced Automation Studio system gives customers access to an extensive set of data attributes, technical specifics, simulation models, and market details to assist their engineering and design endeavors, including the design of hydraulic power units.
Who Are the Key Players in the Hydraulic Power Unit Market?
Major companies operating in the hydraulic power unit market include:
• Brevini Fluid Power SpA
• Bosch Rexroth AG
• Nachi-Fujikoshi Corp.
• Weber Hydraulik GmbH
• Parker Hannifin Corporation
• Hydac International GmbH
• Eaton Corporation
• Hydro-tek Co Ltd.
• Bailey International LLC
• ICS Blount Inc.
• Atlas Copco Group
• Hydra Products Ltd.
• Poclain Hydraulics Private Limited
• Denison Hydraulics Inc.
• Energy Manufacturing Company Incorporated
• Haldex Aktiebolag
• Hydromega Services Incorporated
• Kawasaki Jukogyo Kabushiki Kaisha
• Kayaba Kogyo Kabushiki Kaisha
• Linde Hydraulics GmbH & Co. KG
• Marzocchi Pompe Società per Azioni
• Moog Inc.
• Oilgear Company
• Permco Incorporated
• Racine Federated Incorporated
• Sauer-Danfoss A/S
• Sunfab Hydraulics Aktiebolag
What are the Regional Insights into the Hydraulic Power Unit Market?
Asia-Pacific was the largest region in the hydraulic power unit market in 2024, and is expected to be the fastest-growing region in the global hydraulic power unit market during the forecast period. The regions covered in the hydraulic power unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
