Global Hydraulic Pump Market, Size, Share, Analysis Report & Forecast to 2026

Posted July 27, 2021 by danishahmed

The hydraulic pump market is expected to grow at a CAGR of more than 5.0% during the forecast period 2020-2026.

The hydraulic pump market is expected to grow at a CAGR of more than 5.0% during the forecast period 2020-2026. A hydraulic pump is used to convert mechanical energy into fluid power energy. The hydraulic pumps are available into different types are per their designs which include gear pump, piston pump, screw pump, vane pump, and other pumps. Every pump has its advantage and disadvantages according to which they are used in various applications such as lift, lowering, open, close, or rotate to a component in mobile or industrial applications.

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The construction equipment industry is expected to provide a significant market to the hydraulic pump market during the forecast period. Construction equipment includes excavators, backhoe, bulldozers, graders, loaders and so others. Hydraulic pumps are used in this construction equipment to move the attachments fitted to the equipment. Increasing adoption of construction equipment in building and construction activities especially in the emerging economies such as India, China, and Brazil are also motivating the market growth.

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Moreover, the continuous increasing demand for metal and other natural resources is also augmenting the demand for construction equipment all across the globe. For instance, steel production is growing at a modest growth rate each year. Steel production has increased to 1,816 million tons in 2018 as compared to 1,560 million tons in 2012. Even the coal thermal power plants are decreasing in Europe and North America, global coal production is increasing with a modest growth rate. As per BP plc, the global coal production has increased to 8,012 million tons in 2018 as compared to 7,491 million tons in 2016.

Other than the construction equipment hydraulic pumps find applications in various sectors. For instance, the Electro-Hydraulic Pump (EHP) is finding significant new applications. These are designed for hybrid electric and all other electric mobile applications. EHP has electric motors that are directly coupled to a hydraulic pump controlled by a high performance mobile hardened drive.

Global Hydraulic Pump Market- Segmentation
By Type
• Gear Pump
• Piston Pump
• Screw Pump
• Vane Pump
• Other Pump

By Application
• Construction Equipment
• Industrial Machinery
• Oil & Gas
• Automotive
• Other

Company Profiles
• Bailey International, LLC
• Bosch Rexroth AG
• Bucher Hydraulics GmbH
• Daikin Industries Ltd.
• Danfoss A/S
• Dynamatic Technologies Ltd.
• Eaton Corporation Plc.
• Enerpac Tool Group Corp.
• General Pump Co.
• HYDAC Verwaltung GmbH
• Kawasaki Heavy Industries Ltd.
• KRAL-USA, Inc.
• Linde Hydraulics GmbH & Co. KG
• NittohZohki Co., Ltd.
• Panagon Systems, Inc.
• Parker Hannifin Corp.
• Suntec Industries France SAS
• Xylem Inc.

Global Hydraulic Pump Market– Segment by Region
North America
• US
• Rest of North America

• UK
• France
• Italy
• Rest of Europe

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• The Middle East and Africa

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Last Updated July 27, 2021