- Fluid power equipment, comprising hydraulic and pneumatic systems, is a critical enabler of motion control and power transmission across a wide range of industrial applications, offering high force output, reliability, and adaptability in environments requiring precision and durability
- The escalating demand for fluid power equipment is primarily driven by expanding industrial automation, infrastructure development, and the need for energy-efficient, high-performance machinery in sectors such as construction, manufacturing, and oil & gas
- North America dominated the fluid power equipment market with a share of 31.5% in 2024, due to extensive industrial infrastructure, demand from construction and automotive sectors, and the early adoption of hydraulic and pneumatic systems.
- Asia-Pacific is expected to be the fastest growing region in the fluid power equipment market during the forecast period due to rapid industrialization, infrastructure development, and expanding manufacturing capabilities in China, India, and Southeast Asia.
- Hydraulic segment dominated the fluid power equipment market with a market share of 50.5% in 2024, due to its high power density and superior control capabilities across heavy-duty applications. Industries such as construction, mining, and agriculture rely heavily on hydraulic systems for their ability to generate high force and operate under extreme conditions. Their durability and efficiency in powering large machinery and vehicles make hydraulics the backbone of heavy industrial operations
