IMARC Group's report titled "Fluid Power Equipment Market Report by Product (Hydraulics, Pneumatics, and Others), Component (Pumps, Motors, Valves, Cylinder, Accumulators and Filters, and Others), End User (Agricultural, Aerospace, Automotive, Construction, and Others), and Region 2024-2032". The global fluid power equipment market size reached US$ 48.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 86.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.34% during 2024-2032.

Grab a sample PDF of this report: https://www.imarcgroup.com/fluid-power-equipment-market/requestsample

Factors Affecting the Growth of the Fluid Power Equipment Industry:

• Growing Demand for Automation and Electrification:

The shift towards automation and electrification in various industries is impelling the growth of the market. With the increasing emphasis on operational efficiency, precision, and safety, industries are rapidly adopting automated systems that incorporate fluid power technologies. These systems offer superior control and flexibility, essential for modern manufacturing and processing environments. Furthermore, the trend of electrification, particularly in the automotive and renewable energy sectors, necessitates advanced fluid power solutions that are compatible with electrically powered systems. This integration of fluid power equipment with electronic controls and sensors facilitates enhanced performance, energy efficiency, and diagnostic capabilities, thereby broadening the application spectrum of fluid power systems.

• Industrial Growth and Infrastructure Development:

As economies are expanding, there is an increase in construction activities, manufacturing output, and infrastructural developments, which necessitate robust fluid power systems for enhanced operational efficiency. Fluid power equipment, known for its reliability, durability, and power density, plays a crucial role in heavy machinery, material handling, and automation, which are pivotal in construction, mining, and industrial manufacturing sectors. The rise in urbanization and industrialization in emerging economies is driving the demand for fluid power systems to support their growing infrastructure needs.

• Technological Advancements:

As industries are seeking more efficient, reliable, and sustainable solutions, the demand for advanced fluid power equipment is rising. Innovations, such as electro-hydraulic systems, which offer improved precision and energy efficiency, are becoming increasingly popular. These technological enhancements not only improve the operational efficiency of hydraulic and pneumatic systems but also extend their application range. Industries, such as construction, agriculture, and manufacturing are witnessing a paradigm shift with the integration of smart technologies in fluid power equipment, leading to increased productivity, reduced operational costs, and enhanced safety.

Leading Companies Operating in the Global Fluid Power Equipment Industry:

• Bosch Rexroth AG (Robert Bosch GmbH)
• Bucher Industries AG
• Daikin Industries Ltd.
• Eaton Corporation PLC
• Fluid Power Equipment Inc.
• HAWE Hydraulik SE
• HYDAC International GmbH
• Hydraforce Inc.
• Kawasaki Heavy Industries Ltd.
• Nachi-Fujikoshi Corp.
• Parker-Hannifin Corporation
• Sparrows Offshore Group Limited

Fluid Power Equipment Market Report Segmentation:

By Product:

• Hydraulics
• Pneumatics
• Others

Hydraulics represent the largest segment as they are renowned for their exceptional power-to-size ratio.

By Component:

• Pumps
• Motors
• Valves
• Cylinder
• Accumulators and Filters
• Others

Based on the component, the market has been divided into palms, motors, valves, cylinder, accumulators and filters, and others.

By End User:

• Agricultural
• Aerospace
• Automotive
• Construction
• Others

Construction accounts for the majority of the market share due to their reliance on fluid power equipment for managing various operations.

Regional Insights:

• 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

Asia Pacific's dominance in the fluid power equipment market is attributed to the rising construction of various residential and commercial infrastructure.

Global Fluid Power Equipment Market Trends:

The increasing emphasis on environmental sustainability and regulatory compliance is bolstering the market growth. Governments and regulatory bodies worldwide are implementing stringent regulations regarding energy efficiency and emissions, pushing industries to adopt greener and more efficient fluid power systems. These regulations often mandate the use of environment friendly fluids, low-emission hydraulic systems, and energy-efficient designs that contribute to reducing the overall environmental footprint of industrial operations. Companies are thus incentivized to innovate and develop fluid power equipment that meets these stringent standards, driving the market toward more sustainable solutions. The shift towards such regulations not only helps protect the environment but also encourages the industry to adopt best practices that enhance system efficiency and longevity.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

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 company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163