Global Fluid Power Equipment Market – Industry Trends and Forecast to 2030

Global Fluid Power Equipment Market, By Type (Hydraulic, Pneumatic), Component (Pumps, Motors, Valves, Cylinder, Steel Tube and Compression Fitting, Accumulators, Accessories), Application (Construction, Automotive, Oil and Gas, Food Processing, Packaging, Semiconductor, Others) – Industry Trends and Forecast to 2030.

Fluid Power Equipment Market Analysis and Size

The fluid power equipment has been proven highly beneficial in various industries, such as mining activities, constructions, automation processes, industry packaging, and robotics. The electric power equipment is known to produce high torque at low speed. Fluid power equipment refers to machinery and devices that utilize the power of fluids, typically hydraulic fluids or pneumatic gases, to generate, control, and transmit power. It involves the use of pressurized fluids to perform various mechanical tasks, such as lifting heavy loads, controlling motion, and exerting force.

Data Bridge Market Research analyses that the global fluid power equipment market which was USD 42,512.63 million in 2022, is expected to reach USD 66,728.78 million by 2030, and is expected to undergo a CAGR of 5.92% during the forecast period of 2023 to 2030. “Hydraulic” dominates the type segment of the global fluid power equipment market owing to the high demand of this type of fluid power equipment. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fluid Power Equipment Market Scope and Segmentation

Market Definition

Fluid power equipment refers to the type of industrial equipment and components utilized for transferring of different liquid types and gases from one certain location to another in numerous industrial applications. Fluid power is defined as the process of generating power/energy through this transferring. Hydraulic fluid power makes the use of mineral oil or water for energy generation.

Global Fluid Power Equipment Market Dynamics

Drivers

• The Increase in Demand from the Food and Beverage

The increase in the demand from the food and beverage sector acts as one of the major factors driving the growth of fluid power equipment market. Also, the rise in need for water and wastewater infrastructure especially in developing regions has a positive impact on the market.

• Rise in Inclination towards Fluid Power Equipment

The surge in the inclination towards fluid power equipment owing to their advantages over electrical and mechanical such as easy linear motion using hydraulic or pneumatic cylinders accelerate the market growth.

• Enhancement of Industrial Equipment

The rise in the industrial equipment performance and lubricant life with continuous filtration of lubricants further influence the market. Also, the continuous use of these system assists in lowering machinery repair costs along with the production downtime. In addition, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fluid power equipment market.

Opportunities

• Growing of Industrial Automation

The increasing adoption of automation in various industries presents a significant opportunity for fluid power equipment. Fluid power systems, such as hydraulic and pneumatic systems, are widely used in industrial automation for tasks such as material handling, assembly line operations, and robotics. As industries continue to automate their processes to improve efficiency and productivity, the demand for fluid power equipment is expected to rise.

• Emerging Markets in this Sector

The fluid power equipment market has significant growth potential in emerging markets. Countries in Asia-Pacific, Latin America, and Africa are experiencing rapid industrialization and infrastructure development, which drives the demand for fluid power equipment. These regions offer opportunities for market expansion and penetration, as industries in these markets increasingly adopt fluid power systems in their operations.

Restraints/Challenges

• Rising competition in the Power Equipment Market

The Fluid Power Equipment market is highly competitive, with numerous companies offering a wide range of products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.

• High Cost Associated with Implementation

The cost of fluid power equipment systems is very high in the market. Automotive systems and payers face cost pressures, and there is a growing demand for cost-effective solutions. Manufacturers need to balance the development of innovative implants with affordability to meet market demands.

This global fluid power equipment market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global fluid power equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2020, Parker Hannifin unveiled its PCH Network Portal toe enable company's global factory automation. This portal is capable of communicating with many industrial controllers in the automation industry and support for multiple Industrial Ethernet communication protocols

Global Fluid Power Equipment Market Scope

The global fluid power equipment market is segmented on the basis of type, component and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Type

• Hydraulic
• Hydraulic Pumps
• Hydraulic Motors
• Hydraulic Valves
• Hydraulic Cylinders
• Hydraulic Transmission
• Hydraulic Filters
• Hydraulic Accumulators
• Pneumatic
• Pneumatic Pumps
• Pneumatic Valves
• Pneumatic Actuators
• Pneumatic Filter Regulator Lubricator (FRLs)
• Pneumatic Fittings
• Others

Component

• Pumps
• Motors
• Valves
• Cylinder
• Steel Tube and Compression Fitting
• Accumulators
• Accessories

Application

• Construction
• Automotive
• Oil and Gas
• Food Processing
• Packaging
• Semiconductor
• Others

Global Fluid Power Equipment Market Regional Analysis/Insights

The global fluid power equipment market is analysed and market size insights and trends are provided by country, type, component and application as referenced above.

The countries covered in the global fluid power equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the global fluid power equipment market because of the strong base of semiconductor and electronics facilities, strong presence of major players in the market.

Asia-Pacific is expected to witness significant growth in the global fluid power equipment market during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, large population pool.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Fluid Power Equipment Market Share Analysis

The global fluid power equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global fluid power equipment market.

Some of the major players operating in the global fluid power equipment market are:

• Bosch Rexroth Corporation (Germany)
• Eaton (Ireland)
• Parker Hannifin Corp (U.S.)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Fluid-Power Equipment Inc (U.S.)
• Sparrows Offshore Group Limited (U.K.)
• Fluid Systems, Inc. (U.S.)
• HYDAC (India)
• HAWE Hydraulik SE (Germany)
• Moog Inc. (U.S.)
• Bucher Hydraulics GmbH (Germany)
• DAIKIN INDUSTRIES, Ltd. (Japan)
• CASAPPA S.p.A. (Italy)
• Applied Industrial Technologies (U.S.)
• CIRCOR International (U.S.)
• Crane Co. (U.S.)
• Flowserve Corporation (U.S.)
• Graco Inc. (U.S.)
• Christian Bürkert GmbH & Co. KG (Germany)
• Dover Corporation (U.S.)