The Business Research Company’s Hydraulic Pumps Global Market Report 2022: Market Size, Trends And Forecast To 2026
LONDON, GREATER LONDON, UK, September 19, 2022 /EINPresswire.com/ — According to ‘Hydraulic Pumps Global Market Report 2022’ published by The Business Research Company, the hydraulic pumps market size 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%. As per TBRC’s hydraulic pumps market research the market size is expected to reach $11.35 billion in 2026 at a CAGR of 4.86%. The increase in construction activities is driving the hydraulic pumps industry growth.
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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 Trends
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.
Global Hydraulic Pumps Market Segments
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 global hydraulic pumps market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
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Hydraulic Pumps Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides hydraulic pumps market overview, analyzes and forecasts market size and growth for the global hydraulic pumps market, hydraulic pumps global market share, hydraulic pumps global market segments and geographies, hydraulic pumps global market players, hydraulic pumps global market leading competitor revenues, profiles and market shares. The hydraulic pumps market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Hydraulic Pumps Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key 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.
And so much more.
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