Hydraulic power unit is a hydraulic system with hydraulic actuators (hydraulic cylinders, hydraulic motors) connected to the control valve operation to achieve the operation of the equipment for the oil pressure apparatus adopted. Hydraulic power unit complete with a power section (electric motor, hydraulic pump), the control section (pressure valves, directional control valves, flow control valves), auxiliary section (couplings, manifold block, suction pipe, return pipe, tank, air breather, etc.). Hydraulic power units are becoming part of cyber-physical systems, where the physical components are interconnected with digital systems. This integration enhances communication, coordination, and decision-making between the physical and digital realms. As hydraulic systems become more connected, ensuring cybersecurity becomes critical. Industry 4.0 emphasizes the implementation of robust cybersecurity measures to protect hydraulic power units and associated systems from cyber threats.
There are several developments that are continuously being made in hydraulic technology. Networked hydraulic systems provide enhanced efficiency and are highly effective which propels the hydraulic power unit market growth. The integration of smart hydraulic systems because of industry 4.0 has led to smart manufacturing process that further helps in promoting hydraulic power unit market growth. In some applications, the noise and vibrations which are produced when the HPUs run are non-desirable. Several techniques to dampen the vibrations and reduce the noise are being experimented with and employed. Since the hydraulic power units produce too much heat during operation, it can lead to reduced system efficiency and also damage system components such as motor or actuators. In such cases cooling systems are also required which are supposed to control heat accumulation.
Operating expenses are impacted by hydraulic fluids, which are necessary for the functioning of hydraulic systems. Costly hydraulic fluids can raise the overall cost of system operation, as does the replacement and disposal of old fluids. Hydraulic power units can use a lot of energy, especially in situations when there are continuously high loads. This raises operating expenses, and further funding would be needed to maximize energy efficiency. Manufacturers and end users may investigate tactics including implementing energy-efficient technology, taking use of economies of scale, streamlining maintenance procedures, and funding R&D for creative and economical solutions in order to solve these financial difficulties. The problems related to the cost of hydraulic power units can be lessened by constant development in design, manufacturing procedures, and cost control techniques.
The hydraulic power unit market is segmented on the basis of operating pressure rating, application, and region. By operating pressure rating, the market is classified into 0-750 PSI, 750-2000 PSI, 2000-3000 PSI, and more than 3000 PSI. By application, the market is segmented into mobile, industrial, construction, and others. Region-wise, the hydraulic power unit market analysis is done across North America, Europe, Asia-Pacific, and LAMEA. Key players operating in the hydraulic power unit industry include Brevini Fluid Power S.p.A, Bailey International LLC, Hydac International GmbH, Weber Hydraulik GmbH, Nachi-Fujikoshi Corporation (Nachi Robotic Systems, Inc.), Hydro-Tek Co Ltd., Bosch Rexroth AG, Parker Hannifin Corporation, Eaton, and Dana Incorporated. In June 2022, Parker Hannifin cutting-edge technology played a pivotal role in bringing to life the first-of-its-kind, energy-efficient hydraulic power unit designed for hybrid-electric ferries. This innovative solution represents a breakthrough in the industry, specifically tailored to meet the unique demands of hybrid-electric marine transportation.
The report offers a thorough analysis of the hydraulic power unit market with detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the hydraulic power unit market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities contributing toward the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold potential to hamper market growth are also provided in the hydraulic power unit market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the hydraulic power unit market. The report offers market size and estimations analyzing hydraulic power unit market through various segments. Furthermore, the report covers the competitive scenario of the hydraulic power unit market. The key players operating in the hydraulic power unit market are studied in the report to understand their current market position and competitive strengths in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydraulic power unit market analysis from 2022 to 2032 to identify the prevailing hydraulic power unit market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hydraulic power unit market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hydraulic power unit market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Historic market data
- Import Export Analysis/Data
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Operating Pressure Rating
- 0-750 PSI
- 750-2000 PSI
- 2000-3000 PSI
- More than 3000 PSI
By Applications
- Mobile
- Industrial
- Construction
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Bosch Rexroth AG
- Hydro-tek Co Ltd.
- Dana Limited
- Weber Hydraulik GmbH
- Holstein Hydraulik GmbH
- Eaton Corporation plc
- Parker Hannifin Corporation
- Hydac International GmbH
- Bailey International LLC
- NACHI-FUJIKOSHI CORPORATION (NACHI ROBOTIC SYSTEMS, INC.)
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Companies Mentioned
- Bosch Rexroth AG
- Hydro-tek Co Ltd.
- Dana Limited
- Weber Hydraulik GmbH
- Holstein Hydraulik GmbH
- Eaton Corporation plc
- Parker Hannifin Corporation
- Hydac International GmbH
- Bailey International LLC
- NACHI-FUJIKOSHI CORPORATION (NACHI ROBOTIC SYSTEMS, INC.)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | December 2023 |
Forecast Period | 2022 - 2032 |
Estimated Market Value ( USD | $ 12.4 billion |
Forecasted Market Value ( USD | $ 21.9 billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |