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|
|Market size value in 2021||US$ 41.76 Billion|
|Market forecast in 2027||US$ 65.27 Billion|
|Growth Rate||CAGR of 7.50% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Product, Component and End user..|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent 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 purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Product:
Breakup by Component:
- Accumulators and Filters
Breakup by End User:
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- North America
- United States
- South Korea
- United Kingdom
- Latin America
- 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.
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