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Global Hydraulic Pump Market Size, Share & Forecast to 2026

The hydraulic pump market is expected to grow at a CAGR of more than 5.0% during the forecast period 2020-2026. A hydraulic pump is used to convert mechanical energy into fluid power energy. The hydraulic pumps are available into different types are per their designs which include gear pump, piston pump, screw pump, vane pump, and other pumps. Every pump has its advantage and disadvantages according to which they are used in various applications such as lift, lowering, open, close, or rotate to a component in mobile or industrial applications.

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The construction equipment industry is expected to provide a significant market to the hydraulic pump market during the forecast period. Construction equipment includes excavators, backhoe, bulldozers, graders, loaders and so others. Hydraulic pumps are used in this construction equipment to move the attachments fitted to the equipment. Increasing adoption of construction equipment in building and construction activities especially in the emerging economies such as India, China, and Brazil are also motivating the market growth.

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Moreover, the continuous increasing demand for metal and other natural resources is also augmenting the demand for construction equipment all across the globe. For instance, steel production is growing at a modest growth rate each year. Steel production has increased to 1,816 million tons in 2018 as compared to 1,560 million tons in 2012. Even the coal thermal power plants are decreasing in Europe and North America, global coal production is increasing with a modest growth rate. As per BP plc, the global coal production has increased to 8,012 million tons in 2018 as compared to 7,491 million tons in 2016.

Other than the construction equipment hydraulic pumps find applications in various sectors. For instance, the Electro-Hydraulic Pump (EHP) is finding significant new applications. These are designed for hybrid electric and all other electric mobile applications. EHP has electric motors that are directly coupled to a hydraulic pump controlled by a high performance mobile hardened drive.

Global Hydraulic Pump Market- Segmentation

By Type

Gear Pump

Piston Pump

Screw Pump

Vane Pump

Other Pump

By Application

Construction Equipment

Industrial Machinery

Oil & Gas

Automotive

Other

Company Profiles

Bailey International, LLC

Bosch Rexroth AG

Bucher Hydraulics GmbH

Daikin Industries Ltd.

Danfoss A/S

Dynamatic Technologies Ltd.

Eaton Corporation Plc.

Enerpac Tool Group Corp.

General Pump Co.

HYDAC Verwaltung GmbH

HYDROMA, Ltd.

Kawasaki Heavy Industries Ltd.

KRAL-USA, Inc.

Linde Hydraulics GmbH & Co. KG

Nittoh Zohki Co., Ltd.

Panagon Systems, Inc.

Parker Hannifin Corp.

Suntec Industries France SAS

TOKYO KEIKI Inc.

Xylem Inc.

Global Hydraulic Pump Market– Segment by Region

North America

Rest of North America

Europe

France

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Rest of the World

Latin America

The Middle East and Africa

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