Fluid Power Equipment Market Research Report - Global Forecast till 2030

Fluid Power Equipment Market Research Report: Information by Type (Hydraulic and Pneumatic), by Component (Pumps, Motors, Valves, Cylinder, Steel Tube and Compression Fitting, Accumulators and Accessories), Application (Construction, Automotive, Oil & Gas, Food Processing, Packaging, Semiconductor and others) and by Region (North America, Europe, Asia-Pacific, the Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/6463-HCR | February 2021 | Region: Global | 111 pages         

Fluid Power Equipment Market

Fluid Power Equipment Market share is projected to reach USD 28.6 Billion by 2024, with a 6.05% CAGR during the period.

Segmentation

By Type Hydraulic Pneumatic
By Component Pumps Motors Valves Cylinder Steel Tube and Compression Fitting Accumulators and Accessories
By Application Construction Automotive Oil & Gas Food Processing Packaging Semiconductor Others

Key Players

  • Bosch Rexroth (Germany)
  • Eaton Corporation Plc (Ireland)
  • Parker Hannifin (US)
  • Kawasaki (Japan)
  • Fluid-Power Equipment
  • Inc. (US)
  • Sparrows Group (UK)
  • Fluid Systems
  • Inc. (US)
  • HAWE (Germany)
  • Hydac (Germany)
  • Moog
  • Inc. (US)
  • Bucker Hydraulics (Germany)
  • Daikin (Japan)
  • Concentric (Sweden)
  • Casappa (Italy)
  • Related Fluid Power Ltd (UK)
  • Kent Fluid Power Ltd (US)

Drivers

  • The rising demand for construction equipment in the infrastructure projects
  • Growing demand from the food & beverage industry globally
  • Rising need for water and wastewater infrastructure in Asia-Pacific
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The Fluid Power Equipment Market will acquire USD 28.6 Billion by 2024 and will achieve a CAGR of 6.05% in the forecast period by 2030.


Fluid Power Equipment Market Scenario


Fluid power equipment is used for power transmission in different places. It is divided into two types hydraulic and pneumatic. A hydraulic system uses liquid for power transmission, while a pneumatic system uses gas. Fluid power equipment has electrical and mechanical advantages, accelerating the Fluid Power Equipment Market demand.


The growth factors are driving the fluid power equipment market at the global level. The demand from the industrial verticals like the food and beverage industry and the need for wastewater infrastructure are driving the market. The fluid power equipment has useful safety features for hazardous environments in industries. The smooth operations of liquid power equipment will produce high torque at low speeds.


The higher investments in developing energy-efficiency equipment is another growth factor in the market. Additionally, the advancement integrated with the rising manufacturing rate boosts the market. The demand for construction equipment for infrastructure projects will set huge business opportunities for the industrial players in the global fluid power equipment market.


Fluid Power Equipment Market Key Players


The key players operating in the global fluid power equipment market are Bosch Rexroth (Germany), Eaton Corporation Plc (Ireland), Parker Hannifin (US), Kawasaki (Japan), Fluid-Power Equipment, Inc. (US), Sparrows Group (UK), Fluid Systems, Inc. (US), HAWE (Germany), Hydac (Germany), Moog, Inc. (US), Bucker Hydraulics (Germany), Daikin (Japan), Concentric (Sweden), Casappa (Italy), Related Fluid Power Ltd (UK), and Kent Fluid Power Ltd (US).


Recent Developments


April 2022


Applied Industrial Technologies, which distributes power transmission products and engineered fluid power components and systems and flow control solutions, has announced its financial earnings. The company reached USD 1.75 EPS for the quarter, exceeding the consensus estimate of USD 1.52 by USD 0.23. Applied Industrial Technologies has a return on equity of 23.11 % and a 6.43 % of net margin. The firm reached a revenue of USD 980.60 million in the quarter, compared to the consensus estimate of USD 922.46 million. Last year, the company achieved USD 1.37 in earnings per share rate in the same period. The business’s quarterly revenue went up to 16.6 % every year. Applied Industrial Technologies has updated its FY22 guidance to USD 6.15-6.25 EPS.


Fluid Power Equipment Market Segments


The global fluid power equipment market has been segmented based on type, component, and application. On the basis of type, the global market is divided into hydraulic and pneumatic. In 2018, the hydraulic sub-segment led the market and held the largest market share. Based on application, the type segment is further sub-segmented into industrial and mobile. The mobile sub-segment of the global fluid power equipment market is estimated to register the highest growth rate during the forecast period. On the basis of component, the global fluid power equipment market has been segmented into pumps, motors, valves, cylinder, steel tube and compression fitting, accumulators, and accessories. The motors sub-segment is expected to dominate the fluid power equipment market during the forecast period. On the basis of application, the global market is segmented into construction, automotive, oil & gas, food processing, packaging, semiconductor, and others. Within the application segment, the construction sub-segment is expected to hold the maximum share of the market during the forecast period.


Fluid Power Equipment Market Regional Analysis


On the basis of region, the global fluid power equipment market is segmented as Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific held the largest share in the global fluid power equipment market due to the growing investment in construction activities in emerging nations, such as India and China. China is expected to account for the largest share of the regional market and India is expected to be the fastest growing country in the region. For instance, according to the India’s National Mining Association, in 2017, the processed minerals used in the industries, including construction, manufacturing and agriculture were worth USD 630 billion. The primary application area of the fluid power equipment in these sectors is fluid transfer. Such factors are likely to drive the fluid power equipment market in the Asia-Pacific.


Fluid power equipment refers to the use of fluids (liquid or gas) to transmit power from one location to another. The fluid power equipment can be divided into two types- hydraulic and pneumatic. A hydraulic system uses liquid (usually oil) to transmit power whereas a pneumatic system uses gas (usually compressed air) to transmit power. The fluid power equipment has few advantages over electrical and mechanical. The fluid power systems can easily produce linear motion using hydraulic or pneumatic cylinders whereas electrical and mechanical methods require mechanical device to convert rotational motion into linear motion.


Intended Audience


The intended audience of Global Fluid Power Equipment market are:



  • Fluid power equipment manufacturers and distributors

  • Power generation companies

  • Environmental research institutes

  • Manufacturing industry

  • Construction sector

  • Automotive

  • Government and research organizations

  • Consulting companies in the power sector

  • Investors and shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2024: USD 28.6 Billion
  • 2030: Significant Value
  •   CAGR   6.05% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Component and Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Bosch Rexroth (Germany), Eaton Corporation Plc (Ireland), Parker Hannifin (US), Kawasaki (Japan), Fluid-Power Equipment, Inc. (US), Sparrows Group (UK), Fluid Systems, Inc. (US), HAWE (Germany), Hydac (Germany), Moog, Inc. (US), Bucker Hydraulics (Germany), Daikin (Japan), Concentric (Sweden), Casappa (Italy), Related Fluid Power Ltd (UK), and Kent Fluid Power Ltd (US)
      Key Market Opportunities   The rising demand for construction equipment in the infrastructure projects
      Key Market Drivers

  • Growing demand from the food & beverage industry globally
  • Rising need for water and wastewater infrastructure in Asia-Pacific


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    Frequently Asked Questions (FAQ) :

    The market is expected to achieve a growth rate of more than 6% in the years ahead.

    The market value by 2024 is estimated to be USD 28.6 billion.

    Sparrows Group (UK), Eaton Corporation Plc (Ireland), Concentric (Sweden), Moog, Inc. (US), Kawasaki (Japan), Hydac (Germany), Casappa (Italy), Fluid Systems, Inc. (US), HAWE (Germany), Fluid-Power Equipment, Inc. (US), Bosch Rexroth (Germany), Parker Hannifin (US), Kent Fluid Power Ltd (US), Related Fluid Power Ltd (UK), Daikin (Japan), Bucker Hydraulics (Germany), are some of the most notable companies in the global market.

    Based on application, the segments that have been covered in the MRFR report include semiconductor, oil & gas, automotive, packaging, food processing, construction, and others.

    In 2018, hydraulic was the leading type-based segment in the market for fluid power equipment.