Fluid Power Equipment Market By Type (Hydraulics & Pneumatics, and Pneumatics Hydraulics & Pneumatics), By Application (Automotive, Agricultural Machinery, Food Processing, Oil & Gas Machinery, Medical Equipment, Packaging Machinery, Material Handling, and Semiconductor), and By Region - Market Trends, Analysis, and Forecast till 2030

Fluid Power Equipment Market accounted for USD 37894.2 Million in 2020 and is estimated to be USD 63266.1 Million by 2030 and is anticipated to register a CAGR of 5.5%.

Fluid power equipment is a device that generates, controls, and transmits power using fluids under pressure. A pressurised fluid bears directly on a piston in a cylinder in this procedure. The fluid power equipment operating method includes hydraulic and pneumatic technologies, in which liquids or gases are employed to convey power. Fluid power equipment can transmit the same amount of power in a fraction of the space required by mechanical drives. Valves, pumps, cylinders, sensors, seals, and reservoirs make up this group. Industry packaging, mining operations, material handling, constructions, robotics, and automation processes are all examples of where fluid equipment is used. Furthermore, due to electric power equipment can generate high torque at low speeds, the market for fluid power equipment is expected to grow.

The effective safety majors from hazardous situations in industries are a major factor driving fluid power equipment. Fluid power equipment also has a high power-to-weight ratio, making it ideal for use in mining operations. Fluid power equipment can also perform smooth operations since it can provide high torque at low speeds. The fluid power equipment market is growing in tandem with the increasing development of investments in developing energy-efficient solutions. Furthermore, technological advancements, together with an increase in the manufacturing rate of fluid power equipment by developing machines, are projected to drive market expansion. However, the cost of installation for fluid power equipment is relatively high, which is expected to stifle market expansion.

Furthermore, expanding veterinary awareness of animal vaccination, rising meat consumption, and rising government food safety activities are strengthening the industry. According to the Middle East Rating Agency, the Qatar government built central food laboratories in April 2019 with various food safety methods and analyses to assure consumers receive contamination-free, safe, and high-quality meat products.

The global fluid power equipment market report segments the market on the basis of type, application, and region.

On the basis of Type, the global oncology drug market is segmented into Hydraulics & Pneumatics and Pneumatics Hydraulics & Pneumatics. On the basis of Application, the target market is segmented into Automotive, Agricultural Machinery, Food Processing, Oil & Gas Machinery, Medical Equipment, Packaging Machinery, Material Handling, and Semiconductor.

Regional Insights:

Global Fluid Power Equipment Market accounted for US$ 37894.2 million in 2020 and is estimated to be US$ 63266.1 million by 2030 and is anticipated to register a CAGR of 5.5%. On region the global oncology drug market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America drives the market of fluid power equipment during the forecast period due to many reason which includes hydraulic systems in oil and gas use fluid pressure to drive a pump. This is accomplished by employing a triplex pump designed for extremely high pressure, often between 2,000 and 5,000 psi, to flow fluids downhole. Hydraulic lift pumps, on average, have higher production volumes than mechanical lift pumps. The US consumption of natural gas is predicted to average 82.5 billion cubic feet per day (Bcf/d) in 2021 and 83.8 Bcf/d in 2022, according to the EIA. The market caters to potential expansion as consumption rises. The top three agriculture products in the United States are cattle and calves, corn, and soybeans. Agriculture and allied businesses employ 10.9 percent of the US workforce, and there were just over two million farms in the country in 2020.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global fluid power equipment market report based on Type, Application and Region. 

Fluid Power Equipment Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

Key players in the global fluid power equipment market includes Alfa Laval AB, Colfax Corporation, Crane, Flowserve Corporation, Graco, Christian Burkert GmbH & Co. KG and Dover Corporation.

Recenet Development:

• In June 2022, Motion has launched Mi Fluid Power Solutions brand (Mi FPS) which is a complete provider of fluid power, electro-mechanical technologies, and integrated electronic controls for industrial and mobile equipment. Mi Fluid Power Solutions brand (Mi FPS) main focuses are pneumatics, hydraulics, filtration, lubrication, precision industrial tooling, process pumps, and factory automation products.
• In April 2022, Eaton Fluid Power has launched new hydrostatic production line in Pimpri, Pune (Maharashtra, India). New hydrostatic production line is designed for cater the demand of local agriculture sector. New hydrostatic production line will help in improving energy efficiency, sustainability quotient of application where solutions are deployed.

• Alfa Laval AB
• Colfax Corporation
• Crane
• Flowserve Corporation
• Graco
• Christian Burkert GmbH & Co. KG
• Dover Corporation