Hydraulic Power Market By Operating Pressure (0-750 Psi, 750-2000 Psi, 2000-3000 Psi, More Than 3000 Psi), By Component (Power Component, Control Component, Auxiliary Component), By Application (Cutting, Grinding, Milling, Multi-Tooling, Forming, Rubber And Plastic, Handling, Simulation And Testing, Others), By End Use (Mobile, Industrial, Others): Global Opportunity Analysis And Industry Forecast, 2022-2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Hydraulic Power market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Hydraulic Power market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global hydraulic power market size was US$ 13.7 billion in 2021. The global hydraulic power market size is estimated to reach US$ 22.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.
Hydraulic power is a package consisting of various components such as a hydraulic motor and pump, reservoir/accumulator, and other accessories such as filters, valves, tubes, regulators, and equipment used to monitor hydraulic system performance. It is used to transmit, control, and distribute energy from a pressurized fluid to perform various mechanical functions and is a core component of hydraulic systems that produce enormous amounts of power, powering various hydraulic rams. and operates the equipment.
Factors Affecting Marketing Growth
Growth in industrial activities and a rise in applications of hydraulic power for agricultural products are some important factors driving the growth of the global market.
Alternative sources of power transfer using electro-mechanical & electric drives which are cost-effective and highly efficient in terms of shorter lead time are some of the factors hindering the growth of the global market.
The increase in defense spending and the rise in automation in industrial processes are some of the areas which drive the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak had severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, businesses, financial institutions, industrial establishments, and infrastructure companies. The pandemic had affected several economies ad caused lockdowns in many countries which have limited the growth of the global market. The shutdown of industrial manufacturers led to a decline in the demand for solar-related equipment in most countries across the world led to a decline in the demand in the global hydraulic power market. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
North America had a significant portion of the market share during the forecast period. The existence of mining activities across the countries had a positive impact on the demand for mining equipment that operates on hydraulic power. In addition, the existence of modern aircraft manufacturing players, automobile players, heavy industrial machinery, and many kinds of machine tools is expected to drive the growth of the global market.
Leading Competitors
The prominent players in the global hydraulic power market are:
Daikin Industries Ltd
Sauer-Danfoss Inc.
Siemens AG
HCS Control Systems Ltd
Related Fluid Power Ltd
Hydromega
Energy Manufacturing Company Inc.
Branch Hydraulic Systems Ltd
Eaton Corporation
Parker Hannifin Corporation
Others
Segmentation Analysis
The global hydraulic power market segmentation focuses on Operating Pressure, Component, Application, End Use, and Region.
Segmentation on the basis of Operating Pressure
0-750 PSI
750-2000 PSI
2000-3000 PSI
More than 3000 PSI
Segmentation on the basis of Component
Power component
? Motor
? Pumps
? Others
Control component
? Pressure valves
? Directional valves
? Flow control valves
? Others
Auxiliary component
? Couplings
? Manifold block
? Suction pipe
? Return pipe
? Tank
? Air breather
? Others
Segmentation on the basis of Application
Rubber and Plastic
Handling
Simulation and Testing
Cutting
Grinding
Milling
Multi-tooling
Forming
Others
Segmentation on the basis of End Use
Mobile
Industrial
Others
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