A hydraulic power unit (HPU) is a main driving component of hydraulic system. It is used to transmit, control, and distribute energy from a pressurized liquid. These hydraulic power units are utilized in applications that require systematic and heavy lifting or operations that need continuous use of a directional and powerful force.
Factors such as increasing population and high living standards in developing economies have led to a boost in energy and infrastructural demands. Growth of manufacturing business has led to boost in hydraulic power unit market. Owing to the rise in construction activities, the demand for hydraulic power unit (HPU) is high in developing economies such as China and Indonesia. Hydraulic power unit is used and installed in both industrial and mobile applications. The Middle East region also presents a potential market for hydraulic power units owing to construction activities in the region for various international events such as FIFA World Cup in Qatar in 2022 and World Expo in Dubai in 2020. In the present scenario, the mobile application dominates the market due to large and continuous increment in the U.S. industrial and construction production activities. Industrial applications, such as the use of hydraulic power unit in hydraulic presses, for stamping in automotive industry, formation of solar panel, wind turbines, and others occur as the second largest market; thereby this application is expected to witness slow growth rate during the forecast period.
Hydraulic power units are composed of numerous vital elements, such as hydraulic motors, hydraulic pumps, and accumulators. They also include accessories such as valves, tubes, filters, regulators, and instruments that regulate the performance of hydraulic power units. Hydraulic power units are used in numerous industrial, mobile, and several intermittent applications that include construction equipment, rolling mill machinery, aerospace test equipment, paper mill machinery, material handling, government and military, theatrical and production equipment, oil spill clean-up equipment, automation, mobile equipment, agricultural equipment, industrial processes, meat processing machinery, oilfields, machine tools, and marine equipment. The varied applications of hydraulic power unit include machine tools, presses, saws, computerized numerical control (CNC), and lifts among others. The major consumers of hydraulic power unit (HPU) include industries such as agriculture, construction, truck & bus, and industrial machineries. These are also used in various construction equipments such as crushers, fork lifters, excavators and cranes among others.
The hydraulic power unit market has been divided on the basis of geography into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The North America is the dominant market for hydraulic power units and is expected to maintain its position throughout the forecast period. The European market is expected to display slow growth due to the matured state of construction industry in the region. The Asia-Pacific is expected to witness fastest growth by 2024 owing to the rise in construction activities, rapid industrial growth, and increased industrial investments. The growing demand for higher agricultural output, rise in housing developments, and numerous upcoming infrastructure projects are expected to drive the hydraulic power unit market growth in Asia-Pacific region.
In the Latin American and African market, the market is expected to grow owing to increasing applications of hydraulic power units in oilfield operations, material handling, and construction equipment. These regions are expected to witness high growth owing to high living standards, surge in oil exploration activities, demand for better housing facilities, and increasing pressure on agricultural outputs.
Global Hydraulic Power Unit Market
2014 – 2024
2014 – 2015
2017 – 2024
Component, Application, End Use Industry, Geography
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,
Player Profiling, Value Chain Analysis
The major key players in this market include Parker Hannifin Corporation; Bosch Rexroth AG; Brevini Fluid Power S.p.A; Nachi-Fujikoshi Corporation, Hydac International GmbH, and Weber Hydraulik GmbH among others.
Market By Components
· Hydraulic motors
· Hydraulic pumps
· Accessories (valves, tubes, filters, regulators, and instruments)
Market By Application
· Intermittent applications
Market By End Use Industry
· Truck & bus
· Industrial machineries
Market By Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction According to Acumen Research and Consulting, the global Heating Equipment market is expected to grow at noteworthy CAGR around 5.2 % throughout the forecast period and reach around US$ 52 billion by 2026. The need for efficient heating systems has resulted to the growth of mechanical devices that are cost-effective
According to Acumen Research and Consulting, the global Asphalt Shingles market is expected to grow at noteworthy CAGR around 7.5 % throughout the forecast period and reach around US$ 11 billion by 2026. The most popular roofing materials for various building projects worldwide are asphalted shingles. The roofs in single buildings, tiny housing projects and house rows are frequentl
Introduction According to Acumen Research and Consulting, the global Portable Air Compressor market is expected to grow at noteworthy CAGR around 3.7 % throughout the forecast period and reach around US$ 10 billion by 2026. The market for portable air compressors is used in multiple sectors such as production, healthcare, constr
Introduction The global aluminum ladder market is expected to reach the market value of around $900 million by 2025 and is anticipated to grow at a CAGR of around 9% in terms of revenue during the forecast period 2018 - 2025. Aluminum ladders are ladders built from aluminum and ladder is a set of rungs or steps that are vertical or inclined. Aluminum ladders are durable, re
The global aluminum frame market size is poised to hit the market value of around $14.5 billion by 2025 and is projected to raise at a CAGR of around 3.5% in terms of revenue amid the forecast period 2018– 2025. Introduction Aluminum Frame is a rigid aluminum structure that surrounds a picture, door or a windowpane. Aluminum frames have lo
Introduction According to Acumen Research and Consulting, the global building thermal insulation market size is expected to reach around US$ 40 billion by 2026 with rising CAGR of around 4.5% throughout the forecast period 2019-2026. The method of reducing heat transfer between neighboring environments is thermal isolation with