- In March 2023, DEF Hydraulics introduced its groundbreaking innovation, the NextGen Hydraulic System, aimed at transforming fluid power applications in the construction industry. The system features cutting-edge technology, including advanced sensors, predictive analytics, and smart control algorithms, to enhance performance, efficiency, and reliability. This development highlights DEF Hydraulics' dedication to innovation and its efforts to meet the evolving demands of the construction sector with state-of-the-art hydraulic solutions
- In February 2023, Bosch Rexroth AG launched a state-of-the-art Hydraulics Training Center to meet the growing educational demands within the fluid power industry. This advanced facility is designed to support skill development for both newcomers and experienced professionals, addressing the diverse training needs of individuals at various stages of their careers in the industry
- In November 2023, at Agritechnica 2023, Danfoss Power Solutions showcased a range of hydraulic components and innovations aimed at enhancing autonomy and electrification in agriculture. The company highlighted its comprehensive suite of hydraulic, electric, and fluid conveyance components, alongside electronic controls, to support sustainable farming practices. Notably, Danfoss presented its Autonomous Custom Engineering Services (ACES), designed to assist in developing autonomous and semi-autonomous machinery, addressing labor challenges in agriculture. Additionally, the company introduced the H1F fixed displacement bent axis hydraulic motor, offering up to 95% overall efficiency, underscoring its commitment to efficiency and sustainability in agricultural machinery
- In September 2022, Parker Aerospace, a division of Parker Hannifin Corporation and a leader in motion and control technologies, was selected by Boeing to supply the AP15V engine-driven pump (EDP) for the hydraulic system of the B-52H Stratofortress. As part of the U.S. Air Force's Commercial Engine Replacement Program (CERP), the Parker AP15V EDP, also known as the "World Pump," will continue to serve the aircraft’s hydraulic system until the 2050s
Frequently Asked Questions
Asia-Pacific is the fastest growing region in the global hydraulics market due to rapid industrialization, infrastructure expansion, and increasing demand for construction and agricultural machinery across China, India, and Southeast Asia.
Integration of smart hydraulics and IOT-based monitoring, is emerging as a pivotal trend driving the global hydraulics market.
The major factors driving the growth of the hydraulics market is growing demand for hydraulic systems in construction and infrastructure development.
