Press release
Comprehensive Hydraulic Power Unit Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Hydraulic Power Unit Market Size
The hydraulic power unit market is projected to expand due to an acceleration in construction activities. These activities encompass the construction of various structures, including residential and commercial properties, infrastructure projects, and industrial buildings. Hydraulic power units have become indispensable tools in these activities due to their capability to offer immense power to operate virtually any type of hydraulic ram. As reported by the Census Bureau, a government agency in the US, the estimated expenditure on construction in October 2023 amounted to $2,027.1 billion; this reflects a growth of 0.6 percent from the revised estimate of $2,014.7 billion in September. Additionally, the figure for October 2023 represented a 10.7% increase compared to the estimate of $1,830.5 billion from October 2022. Consequently, the escalation in construction activities is fuelling the growth of the hydraulic power unit market.
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How will the growth rate of the hydraulic power unit market shape industry trends by 2034?
There has been substantial growth in the hydraulic power unit market size in the past few years. It is projected to increase from $7.18 billion in 2024 to $7.63 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.4%. This surge in the historical period can be credited to the expansion in the manufacturing sector, construction activities, mining and material handling operations, energy industry needs, and applications in agricultural machinery.
In the coming years, the market size of the hydraulic power unit is slated to witness a significant upward trend. It is projected to reach "$9.77 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.4%. This anticipated growth during the forecast period can be attributed to an amplified demand for hybrid and electric vehicles, prioritization of energy efficiency, the booming offshore wind energy sector, a shift towards sustainable hydraulic fluids, and emphasized need for noise reduction. The forecast period could also see major trends like the infusion of smart technologies, compact and modular designs, progression in pump technologies, inclusion of condition monitoring systems, and specific industry requirement customizations.
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What trends are poised to drive the future success of the hydraulic power unit market?
Leading corporations in the hydraulic power unit market, such as WEBER-HYDRAULIK, are working on the creation of groundbreaking products equipped with cutting-edge features to enhance customer satisfaction. The original WEBER-HYDRAULIK valve portfolio is an inclusive range of hydraulic components for a variety of applications. Notably, in March 2023, the first edition of the WEBER-HYDRAULIK valve portfolio was launched by German machinery manufacturing firm, Weber-Hydraulik GmbH. Prior to dispatch, these valves undergo an inspection on hydraulic test benches to ascertain their quality and efficiency. The portfolio of valves includes a diverse selection of on-off solenoids, pressure relief, flow control, and check valves, suitable for a myriad of applications in hydraulic power units. Integrating the WEBER-HYDRAULIK valve collection into Famic Technologies' Automation Studio advanced system offers users an extensive set of data attributes, technical specifics, simulation models, and commercial data that aid in their engineering and design procedures, including the design of hydraulic power units.
Which primary segments of the hydraulic power unit market are driving growth and industry transformations?
The hydraulic power unit market covered in this report is segmented -
1) By Type: Gas Hydraulic Power Unit, Electric Hydraulic Power Unit
2) By Component: Hydraulic Motors, Hydraulic Pumps, Accumulators, Accessories
3) By Pressure Rating Type: 0-750 PSI, 750-2000 PSI, 2000-3000 PSI, >3000 PSI
4) By Application: Civil Engineering Projects, Automotive Industry, Energy Industry, Other Applications
Subsegments:
1) By Gas Hydraulic Power Unit: Portable Gas Hydraulic Power Units, Stationary Gas Hydraulic Power Units
2) By Electric Hydraulic Power Unit: Single Phase Electric Hydraulic Power Units, Three Phase Electric Hydraulic Power Units, DC Electric Hydraulic Power Units
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Which geographical regions are pioneering growth in the hydraulic power unit market?
Asia-Pacific was the largest region in the hydraulic power unit market in 2024, and is expected to be the fastest-growing region in the global hydraulic power unit market during the forecast period. The regions covered in the hydraulic power unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the hydraulic power unit market landscape?
Major companies operating in the hydraulic power unit market include Brevini Fluid Power SpA, Bosch Rexroth AG, Nachi-Fujikoshi Corp., Weber Hydraulik GmbH, Parker Hannifin Corporation, Hydac International GmbH, Eaton Corporation, Hydro-tek Co Ltd., Bailey International LLC, ICS Blount Inc., Atlas Copco Group, Hydra Products Ltd., Poclain Hydraulics Private Limited, Denison Hydraulics Inc., Energy Manufacturing Company Incorporated, Haldex Aktiebolag, Hydromega Services Incorporated, Kawasaki Jukogyo Kabushiki Kaisha, Kayaba Kogyo Kabushiki Kaisha, Linde Hydraulics GmbH & Co. KG, Marzocchi Pompe Società per Azioni, Moog Inc., Oilgear Company, Permco Incorporated, Racine Federated Incorporated, Sauer-Danfoss A/S, Sunfab Hydraulics Aktiebolag
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What Is Covered In The Hydraulic Power Unit Global Market Report?
• Market Size Forecast: Examine the hydraulic power unit market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the hydraulic power unit market for a structured understanding.
• Key Players Overview: Analyze major players in the hydraulic power unit market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydraulic power unit market.
• Segment Contributions: Evaluate how different segments drive overall growth in the hydraulic power unit market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydraulic power unit market.
• Industry Challenges: Identify potential risks and obstacles affecting the hydraulic power unit market.
• Competitive Landscape: Review strategic developments in the hydraulic power unit market, including expansions, agreements, and new product launches.
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