Hydraulic Power Unit Market growth is Expected to Grow at 5.3% CAGR by 2027 :
Market Research Future has published a Half-Cooked Research Report on the Global Hydraulic Power Unit Market growth.
Market Highlights
The global market for hydraulic power units is expected to be valued at USD 8.01 Billion by 2025, with 5.3% CAGR during the forecast period, 2019–2025. Hydraulic power units use fluid to transfer energy from one source to another.
In 2018, Asia-Pacific dominated the Hydraulic Power Unit Market growth in terms of share: MRFR
The Hydraulic Power Unit Market growth is segmented into five regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. Asia-Pacific holds the largest share in the Hydraulic Power Unit Market growth, owing to the increasing investments in the industrialization in countries such as India, Australia, and China.
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In Europe, Germany is expected to be the largest and the fastest growing country in the Hydraulic Power Unit Market growth, owing to the increasing presence of hydraulic power unit manufacturers. The rising industrial processing, construction, and mining activities in the country’s minerals & metals industry contribute a considerable share to the country’s GDP. As a result, the Hydraulic Power Unit Market growth in Germany is estimated to register a significant CAGR during the forecast period.
In North America, the US is expected to be the largest market owing to the growing agriculture sector, which is one of the largest sectors in the country. Additionally, the US is also expected to grow at the fastest rate. Such factors are likely to drive the growth of the Hydraulic Power Unit Market growth in North America during the forecast period.
In the Middle East & Africa, Saudi Arabia is projected to be the largest and the fastest growing country in the Hydraulic Power Unit Market growth owing to the increasing investments by local and international players in the country. These factors are expected to boost the demand for hydraulic power units as they help oil and gas companies reduce costs and improve efficiency.
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In South America, Brazil is expected to be the largest and the fastest growing country in the Hydraulic Power Unit Market growth owing to the developing agriculture sector, which contributes almost 25% to the country’s GDP, thereby boosting demand for hydraulic power units in the country.
The global Hydraulic Power Unit Market growth is segmented based on operating pressure rating and application. By operating pressure rating, the global market is segmented into up to 750 PSI, 750–2000 PSI, 2000–3000 PSI, and above 3000 PSI. The 750–2000 PSI segment is projected to be the largest market share in the global Hydraulic Power Unit Market growth. By application, the global market is segmented into mobile, industrial, and others. The mobile segment is expected to hold the largest market share in the global Hydraulic Power Unit Market growth.
The Global Hydraulic Power Unit Market growth is expected to grow at 5.3% CAGR during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the global Hydraulic Power Unit Market growth, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for South America, North America, the Middle East & Africa, Europe, and Asia-Pacific. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Hydraulic Power Unit Market growth by operating pressure rating, application, and region.
By Operating pressure rating
Up to 750 PSI
750–2000 PSI
2000–3000 PSI
Above 3000 PSI
By Application
Water & Wastewater Treatment
Mobile
Industrial
Others
By Region
North America
Asia-Pacific
Europe
Middle East & Africa
South America
Key Players
The players operating in the Global Hydraulic Power Unit Market growth are Bosch Rexroth AG (Germany), Brevini Fluid Power S.p.A (Italy), Parker Hannifin Corporation (US), Weber Hydraulik GmbH (Germany), Hydromega (Canada), Hydac International GmbH (Germany), Nachi-Fujikoshi Corporation (Japan), Bailey International LLC (US), Eaton Corporation (Ireland), Energy Manufacturing Company, Inc. (US), Hydro-tek Co Ltd. (South Korea), Branch Hydraulic Systems Ltd (UK), Related Fluid Power Ltd. (UK), and HCS Control Systems Ltd. (UK).
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