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Fluid Power Equipment Market Size 2022-27: Industry Share, Trends, Growth and Forecast

The latest research study “ Fluid Power Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Global Fluid Power Equipment Market size reached US$ 41.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 65.27 Billion by 2027 exhibiting a CAGR of 7.50% during 2022-2027.

Fluid power is generated by utilizing liquid or gas for moving a load and accomplishing different tasks. It is employed for drilling underground mining tunnels and lifting and piling enormous sheets of glass. It also controls direction, speed, force, and torque. Owing to these properties, fluid power equipment is widely utilized in construction, aerospace, automation, packaging, mining, marine, robotics, entertainment, and medical industries. 

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Fluid Power Equipment Market Trends and Drivers:

The market is primarily driven by the rising product adoption in the food and beverage (F&B) industry for performing moving, processing, and final packaging functions. In addition, the increasing utilization of fluid power equipment in wastewater treatment represents another growth-inducing factor.

 Besides this, manufacturers are extensively investing in research and development (R&D) activities to increase their overall sales and profitability. Moreover, governments of numerous countries are investing in energy-efficient solutions to reduce greenhouse gas (GHG) emissions. 

This, coupled with the growing utilization of smart valves to acquire better control over operation and safety in industry 4.0, is creating a positive market outlook across the globe. 

Fluid Power Equipment Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 41.76 Billion
Market forecast in 2027US$ 65.27 Billion
Growth RateCAGR of 7.50% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product, Component and End user..
Regional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiledBosch 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 and Sparrows Offshore Group Limited.
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:

  • Hydraulics
  • Pneumatics
  • Others

Breakup by Component:

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

Breakup by End User:

  • Agricultural
  • Aerospace
  • Automotive
  • Construction
  • Others

Click here to view detailed information with table of content: https://www.imarcgroup.com/fluid-power-equipment-market

By Geography:

  • 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

List of Major Key Players:

The major players in the market are 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 and Sparrows Offshore Group Limited.

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.

IMARC’s 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.

Contact Us:

IMARC Services Private Limited.
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Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Kate

Kate Johnson is a content writer, who has worked for various websites and has a keen interest in Forex and stock market. He is also a college graduate who has a B.A in Journalism. Read More: Forex Signal Service Read More: Stock Trade Signals

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