Hydraulic Pumps Market - Forecasts from 2024 to 2029

The hydraulic pumps market is projected to grow at a CAGR of 3.87% over the forecast period to reach US$14.399 billion by 2029, increasing from estimated value of US$11.911 billion in 2024.

Hydraulic pumps are mechanical gadgets outlined to generate liquid flow and make hydraulic power. They play a significant part in hydraulic frameworks by changing mechanical energy into fluid pressure.

The common types of pumps provided by the hydraulic pump industry are gear pumps, piston pumps, vane pumps, and screw pumps, which discover and utilized in aviation & defense, mechanical, automotive, and water treatment applications to provide precise control and dependable operation. The growing production of automobiles and the rise in water treatment activities are acting as driving variables extending the hydraulic pump market in the coming years.

Hydraulic Pumps Market Driver:

• Rising automotive production will bolster the hydraulic pump market size expansion.

Hydraulic pumps are utilized in power-directing systems to help drivers maneuver their vehicles with ease and produce the hydraulic pressure fundamental to help in steering operations. The increment in vehicle production, coupled with recent product launches of hydraulic pumps, will drive the expansion of the hydraulic pump industry. According to the International Organization of Motor Vehicle Manufacturers (OICA) report in 2022, worldwide commercial vehicle production come to 23,418,078 in 2022 alone.

In January 2022, Stromag launched its new SHPU range of hydraulic power packs, compatible with its hydraulic brakes and clutches. The hydraulic pumps can be appropriate to be utilized with hydraulic brakes and clutches and offer expanded modularity and amazing execution.

• Growing water treatment operations are anticipated to boost the hydraulic pump market growth

The wastewater treatment plant requires hydraulic pumps as a fundamental part utilized for diverse processes like pumping raw sewage, transferring sludge, and circulating wastewater inside treatment processes. The increase in investment for new water treatment plants will impel the hydraulic pump industry's expansion. For instance, in November 2022, Newmont declared an investment of $160 million for a water treatment plant at Porcupine Mine, which incorporated collection, treatment, and return of impacted water. Similarly, in March 2022, Saudi Arabia reported 60 water projects for water desalination and wastewater treatment, which were worth SR35 billion ($9.33 billion) at the Mena Desalination Projects Forum 2022.

In March 2024, Power Team, an SPX Flow brand, presented the PB43 Series Hydraulic Battery-Powered Pump Series, which offers portability. This pump series provides high flow, long battery life, and a wide range of valve configurations for various applications.

• Increased aerospace & defense operations are expected to propel the market demand for Hydraulic pumps globally.

Hydraulic pumps are basic components in diverse aviation and defense applications and incorporate aircraft, helicopters, missiles, and armored vehicles. These pumps give vital hydraulic power to function landing gears, control surfaces, braking systems, weapon systems, and other imperative functions in aerospace and defense equipment and machinery. Increased aircraft production boosts the hydraulic pump market growth. In 2023, Airbus awarded a contract to Tata Advanced Systems Ltd. for manufacturing bulk and cargo doors of the A320 Family, aiming to replace the Indian Airforce's Avro-748 fleet with reliable Airbus C295 medium transport aircraft. The project involves the supply of 56 aircraft to the Indian Airforce, which is worth about $3 billion.

Hydraulic Pumps Market Geographical Outlook

• The Asia-Pacific region is anticipated to develop at a significant pace.

The Asia Pacific region will account for a major share of the hydraulic pump market owing to the rising car production and the establishment of water treatment plants within the locale. In November 2022, the Asian Development Bank marked a $25 million debt facility with VA Tech Wabag Limited (Wabag) to bolster sanitation and water security through the advancement of modern water treatment plants in India. Such improvements will boost the request for hydraulic pumps and drive regional hydraulic pump market expansion.

Hydraulic Pumps Market Restraints:

• High maintenance costs could restrain the hydraulic pump market growth.

Hydraulic systems require standard maintenance and servicing to guarantee ideal execution and life span. The cost of maintenance, including periodic inspections, fluid changes, and potential repairs, can be a concern for businesses. Operational costs, such as energy consumption, can be significant, particularly for large-scale hydraulic systems. The request for hydraulic pumps in conventional internal combustion motor vehicles may decrease in the long term with the developing focus on economical transportation and the move towards electric vehicles (EVs). EVs rely primarily on electric drives and motors, restraining the hydraulic pump market size expansion in powertrain and braking applications.

Hydraulic Pumps Key Developments:

• May 2024- Vogelsang GmbH & Co. KG showcased its efficient pump technology at ACHEMA, featuring rotary lobe pumps, HiCone progressive cavity pumps, and a new overflow cover for pressure equalization.
• January 2024- Grundfos introduced a new SP 6-inch hydraulic pump for groundwater pumping aimed at improving energy efficiency and savings. The pump features optimized hydraulics, reliable performance, and a longer product lifetime, making it a leading global water technology and services provider.
• June 2023- SPX FLOW, Inc. released the new PE60 Series hydraulic pump, designed for versatility and usability. This pump offers increased control technology, auto-cycle functionality, longer runtime, and "plug and play" accessories.

It is suitable for high-pressure bolting tool applications like power generation, machinery maintenance, construction, and utility. The pump is designed for torquing applications and features a hand-control pendant design for operator comfort, reducing fatigue and allowing long-term pump control.

• July 2022- Bosch Rexroth acquired US-based HydraForce to expand its global hydraulics business, enhancing its offerings and catering to the growing global market for compact hydraulics with high power density and essential functions in hydraulic systems.

Hydraulic Pumps Market Players and Products:

• X20 mobile open circuit pump: This hydraulic pump by Eaton Corporation is small but powerful, built for better productivity, fuel efficiency, control, and reliability.
• K7V series: Kawasaki Heavy Industries, Ltd. produces variable displacement axial piston pumps with a swash plate design, suitable for mobile applications such as Excavators and cranes. The pumps' long life is obtained by providing a large bearing capacity and a thicker shaft, which reduces the load on the edge of the bearing rollers.
• PA10VSO Series Hydraulic Pump: This pump by Yeoshe Hydraulics Technology Co. Ltd has a heavy load-bearing capacity and a low noise level. Its working pressure is 280 Bar to 350 Bar.

Hydraulic Pumps Key Market Segments:

Hydraulic Pump Market is segmented and analyzed as below:

By Type

• Gear Pump
• Piston Pump
• Vane Pump
• Screw Pump
• Others

By Material

• Aluminum
• Stainless Steel

By End-User

• Aerospace & Defense
• Industrial
• Automotive
• Water Treatment
• Construction
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Others