Press release
Hydraulic Power Unit Industry Outlook 2025-2029: Market Set to Cross $9.47 Billion Milestone
Hydraulic Power Unit
How Large Will the Hydraulic Power Unit Market Size By 2025?
In the past few years, the market size of the hydraulic power unit has been progressively expanding. The market, which is predicted to rise from $7.18 billion in 2024 to $7.51 billion in 2025, indicates a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this past period growth include the surge in the manufacturing sector, an increase in construction projects, the expansion of mining and material handling operations, demands from the energy industry, and applications in agricultural machinery.
How Big Is the Hydraulic Power Unit Market Size Expected to Grow by 2029?
The market size for hydraulic power units is anticipated to experience robust expansion in the upcoming years. It is projected to achieve a valuation of $9.47 billion by 2029, indicating a compound annual growth rate (CAGR) of 6.0%. Factors such as augmented demand for hybrid and electric vehicles, prioritization of energy efficiency, offshore wind energy growth, concentration on environmentally friendly hydraulic fluids, and noise reduction concerns are potential contributors to this growth within the forecast period. Prevailing trends during this period could include the adoption of intelligent technologies, condensing and module-based designs, advancements in pumping technologies, the addition of condition monitoring systems, and customization as per specific industrial needs.
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Which Key Market Drivers Powering Hydraulic Power Unit Market Expansion and Growth?
The surge in construction activities is anticipated to fuel the expansion of the hydraulic power unit market. When we talk about construction activities, we refer to the creation of structures such as homes, commercial properties, infrastructure plans, and industrial facilities. Hydraulic power units play a crucial part in these activities as they can generate a vast amount of power to propel almost any type of hydraulic ram. To illustrate, the Census Bureau, a US government agency, estimated construction expenditure in October 2023 to be around $2,027.1 billion, marking a 0.6 percent rise from the revised estimate of $2,014.7 billion in September. Furthermore, the October 2023 figure surpasses the previous year's October estimate of $1,830.5 billion by 10.7%. Hence, the escalating construction activities are contributing to the growth of the hydraulic power unit market.
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What Trends Will Shape the Hydraulic Power Unit Market Through 2029 and Beyond?
Prominent businesses in the hydraulic power unit market, such as WEBER-HYDRAULIK, are introducing groundbreaking products offering elevated features to meet the needs of their clients more effectively. An example of this is the first iteration of their valve portfolio, a wide-ranging collection of hydraulic parts aimed at diverse applications. Weber-Hydraulik GmbH, a machinery manufacturing firm based in Germany, rolled out the inaugural version of their WEBER-HYDRAULIK valve portfolio in March 2023. Prior to dispatch, the valves undergo robust testing on hydraulic test benches to guarantee their high quality and functionality. The portfolio incorporates a variety of on-off solenoids, pressure relief, flow control, and check valves, all of which are suited for use in various hydraulic power unit applications. The inclusion of the WEBER-HYDRAULIK valve product portfolio within Famic Technologies' avant-garde Automation Studio system empowers users by providing a plethora of data attributes, fine technical details, simulation models and commercial data to aid their engineering, design processes and overall design of hydraulic power units.
What Are the Emerging Segments in the Hydraulic Power Unit Market?
The hydraulic power unitmarket 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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Who Are the Global Leaders in the Hydraulic Power Unit Market?
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
Which are the Top Profitable Regional Markets for the Hydraulic Power Unit Industry?
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
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