Learn about the global hydraulic pumps market through The Business Research Company, which provides information on hydraulic pumps market size, hydraulic pumps market drivers and restraints, hydraulic pumps market players, the COVID-19 impact on the hydraulic pumps market, and more.

The global hydraulic pumps market is expected to grow from $8.88 billion in 2021 to $9.39 billion in 2022 at a compound annual growth rate (CAGR) of 5.67%. The global hydraulic pumps market size is expected to reach $11.35 billion in 2026 at a CAGR of 4.86%.

The rising construction activities are expected to boost demand for hydraulic pumps during the forecast period.

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The hydraulic pumps market consists of sales of hydraulic pumps by entities (organizations, sole traders, and partnerships) that refer to a mechanical device that transforms mechanical energy into hydraulic energy. Initially, the pump’s mechanical action generates a vacuum at the intake, allowing air pressure to drive liquid from the reservoir into the inlet line of the pumps. Then, its mechanical action drives this liquid into the hydraulic system by delivering it to the pump output.

Global Hydraulic Pumps Market Segments Include:

By Product Type: Gear Pump, Vane Pump, Piston Pump, Screw Pump

By Application: Mobile Application, Industrial Application

By End User Vertical: Construction, Mining, Agriculture, Machinery, Automotive

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global hydraulic pumps market in 2021.

Product innovation in hydraulic pumps is a key trend gaining popularity in the hydraulic pump market. The companies operating in the hydraulic pumps sector are increasingly focusing on developing IoT-based smart hydraulic pumps with advanced technology integrations such as big data, analytics, machine learning algorithms, and cognitive intelligence to analyze and visualize data. Smart hydraulic pumps developed utilizing advanced technologies monitor and deliver real-time data on various aspects, including the pump’s health, productivity, pressure, temperature, and the velocity of water flowing through the outlet.

TBRC’s Hydraulic Pumps Market Report Covers:

Major Market Players: Kawasaki Heavy Industries, Ltd, Daikin Industries Ltd, CASAPPA S.p.A, Linde Hydraulics, Parker Hannifin Corporation, Oilgear, Eaton Corporation PLC, Dynamatic Technologies Ltd., Danfoss AS, Bucher Industries AG, Bosch Rexroth AG, HYDAC International GmbH, Caterpillar Inc., Roper Pump Company, Viking Pump Inc., Permco, Inc., and KYB Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Hydraulic Pumps Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides hydraulic pumps market overviews, analyzes and forecasts market size, share, hydraulic pumps market players, hydraulic pumps market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hydraulic pumps market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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