The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising infrastructure development is likely to drive future growth in the hydraulic power unit market.

The global hydraulic power unit market size is expected to grow from $6.31 billion in 2022 to $6.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The global hydraulic power unit market size is expected to reach $8.56 billion in 2027 at a CAGR of 6.1%.

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Global Hydraulic Power Unit Market Segments Include:

• By Type: Gas Hydraulic Power Unit, Electric Hydraulic Power Unit
• By Component: Hydraulic Motors, Hydraulic Pumps, Accumulators, Accessories
• By Pressure Rating Type: 0-750 PSI, 750-2000 PSI, 2000-3000 PSI, >3000 PSI
• By Application: Civil Engineering Projects, Automotive Industry, Energy Industry, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global hydraulic power unit market in 2021.

Major Market Players in the hydraulic power unit market include Brevini Fluid Power SpA, Bosch Rexroth AG, Nachi-Fujikoshi Corp., Weber Hydraulik GmbH, Parker Hannifin Corporation, Hydac International GmbH.

Technological advancements are a prominent trend that is gaining traction in the hydraulic power unit market. To maintain their market position, major firms in the hydraulic power unit industry are implementing innovative technology. Terzo power systems, a US-based machinery manufacturing company, for example, released hydra pulse electrified technology in March 2021. The Hydra pulse is an intelligent integrated power-on-demand hydraulic power unit. It’s an entire electrohydraulic system. Its unique design, small, compact size, and electronically controlled motor and pump assembly make it the hydraulic performance industry leader.

The Hydraulic Power Unit Global Market Report 2023  provides a hydraulic power unit market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hydraulic power unit market forecast analyzes hydraulic power unit market size, hydraulic power unit market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A hydraulic power unit is a self-contained device that includes a motor, a fluid reservoir, and a pump to apply the hydraulic pressure needed to power motors, cylinders, and other auxiliary components of a hydraulic system. The hydraulic power unit converts mechanical energy into hydraulic energy, allowing fluid to flow throughout the system. It is found in tractors, aerial work platforms, lifters, log loaders, and other machines.

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