Global Fluid Power Equipment Market Overview
Introduction:
Fluid power equipment is a device that generates, controls, and transmits power using fluids under pressure. A pressurised fluid bears directly on a piston in a cylinder in this procedure. The fluid power equipment operating method includes hydraulic and pneumatic technologies, in which liquids or gases are employed to convey power. Fluid power equipment can transmit the same amount of power in a fraction of the space required by mechanical drives. Valves, pumps, cylinders, sensors, seals, and reservoirs make up this group. Industry packaging, mining operations, material handling, constructions, robotics, and automation processes are all examples of where fluid equipment is used. Furthermore, due to electric power equipment can generate high torque at low speeds, the market for fluid power equipment is expected to grow. Global Fluid Power Equipment Market accounted for US$ 37894.2 million in 2020 and is estimated to be US$ 63266.1 million by 2030 and is anticipated to register a CAGR of 5.5%.
Impact of Covid-19 pandemic on market
The breakout of the COVID-19 pandemic has had a significant influence on the global market for fluid power equipment. Almost all major countries experienced a drop in economic development as a result of the COVID-19 pandemic, altering consumer purchasing patterns. National and international transportation have been hampered as a result of the lockdown applied in several nations, which has had a substantial influence on the supply chain of numerous sectors throughout the world, consequently widening the supply–demand mismatch. As a result, insufficient raw material supply is likely to slow the manufacturing rate of fluid power equipment, reducing market growth. However, the situation is anticipated to improve as governments around the world begin to reduce regulations to allow businesses to resume operations.
Global Fluid Power Equipment Market Dynamics
The effective safety majors from hazardous situations in industries are a major factor driving fluid power equipment. Fluid power equipment also has a high power-to-weight ratio, making it ideal for use in mining operations. Fluid power equipment can also perform smooth operations since it can provide high torque at low speeds. The fluid power equipment market is growing in tandem with the increasing development of investments in developing energy-efficient solutions. Furthermore, technological advancements, together with an increase in the manufacturing rate of fluid power equipment by developing machines, are projected to drive market expansion. However, the cost of installation for fluid power equipment is relatively high, which is expected to stifle market expansion.
Furthermore, expanding veterinary awareness of animal vaccination, rising meat consumption, and rising government food safety activities are strengthening the industry. According to the Middle East Rating Agency, the Qatar government built central food laboratories in April 2019 with various food safety methods and analyses to assure consumers receive contamination-free, safe, and high-quality meat products.
Global Fluid Power Equipment Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global fluid power equipment market report segments the market on the basis of type, application, and region.
On the basis of Type, the global oncology drug market is segmented into Hydraulics & Pneumatics and Pneumatics Hydraulics & Pneumatics. On the basis of Application, the target market is segmented into Automotive, Agricultural Machinery, Food Processing, Oil & Gas Machinery, Medical Equipment, Packaging Machinery, Material Handling, and Semiconductor.
Regional Insights:
Global Fluid Power Equipment Market accounted for US$ 37894.2 million in 2020 and is estimated to be US$ 63266.1 million by 2030 and is anticipated to register a CAGR of 5.5%. On region the global oncology drug market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America drives the market of fluid power equipment during the forecast period due to many reason which includes hydraulic systems in oil and gas use fluid pressure to drive a pump. This is accomplished by employing a triplex pump designed for extremely high pressure, often between 2,000 and 5,000 psi, to flow fluids downhole. Hydraulic lift pumps, on average, have higher production volumes than mechanical lift pumps. The US consumption of natural gas is predicted to average 82.5 billion cubic feet per day (Bcf/d) in 2021 and 83.8 Bcf/d in 2022, according to the EIA. The market caters to potential expansion as consumption rises. The top three agriculture products in the United States are cattle and calves, corn, and soybeans. Agriculture and allied businesses employ 10.9 percent of the US workforce, and there were just over two million farms in the country in 2020.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type - Hydraulics & Pneumatics, and Pneumatics Hydraulics & Pneumatics. By Application – Automotive, Agricultural Machinery, Food Processing, Oil & Gas Machinery, Medical Equipment, Packaging Machinery, Material Handling, and Semiconductor |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global fluid power equipment market report based on Type, Application and Region.
Global Fluid Power Equipment Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Recenet Development:
- In June 2022, Motion has launched Mi Fluid Power Solutions brand (Mi FPS) which is a complete provider of fluid power, electro-mechanical technologies, and integrated electronic controls for industrial and mobile equipment. Mi Fluid Power Solutions brand (Mi FPS) main focuses are pneumatics, hydraulics, filtration, lubrication, precision industrial tooling, process pumps, and factory automation products.
- In April 2022, Eaton Fluid Power has launched new hydrostatic production line in Pimpri, Pune (Maharashtra, India). New hydrostatic production line is designed for cater the demand of local agriculture sector. New hydrostatic production line will help in improving energy efficiency, sustainability quotient of application where solutions are deployed.
Global Fluid Power Equipment Market Key Players
Key players in the global fluid power equipment market includes Alfa Laval AB, Colfax Corporation, Crane, Flowserve Corporation, Graco, Christian Burkert GmbH & Co. KG and Dover Corporation.
Global Fluid Power Equipment Market Company Profile
- Alfa Laval AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Colfax Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Crane
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flowserve Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Graco
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Christian Burkert GmbH & Co. KG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dover Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
“*” marked represents similar segmentation in other categories in the respective section
Global Fluid Power Equipment Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Oncology Drug Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Fluid Power Equipment Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hydraulics & Pneumatics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pneumatics Hydraulics & Pneumatics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Fluid Power Equipment Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Agricultural Machinery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Food Processing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Oil & Gas Machinery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical Equipment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Packaging Machinery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Material Handling
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Semiconductor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Fluid Power Equipment Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Alfa Laval AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Colfax Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Crane
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flowserve Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Graco
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Christian Burkert GmbH & Co. KG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dover Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global fluid power equipment market is segmented based on type, application, and region.
The effective safety majors from hazardous situations in industries are a major factor driving fluid power equipment.
North America drives the market of fluid power equipment during the forecast period due to many reasons which includes hydraulic systems in oil and gas use fluid pressure to drive a pump.
Key players in the global fluid power equipment market includes Alfa Laval AB, Colfax Corporation, Crane, Flowserve Corporation, Graco, Christian Burkert GmbH & Co. KG and Dover Corporation.