BRITISH & METRIC FLUID CONVEYING PRODUCTS

Hydraulic Pumps Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2020 – 2026

This comprehensive Hydraulic Pumps market report of the product is prepared after an extensive analysis of the latest market trends that can be found in the industry. The report carries an informative and detailed overview of the product’s market condition, that offers the accurate definition of the market, their fundamental or primary applications along with the deployed manufacturing method. To study the condition of global Hydraulic Pumps market across the world, analysts have carefully studied and analyzed all the competitive senses and the trend in that particular industry in various regions. Furthermore, this particular report shows the product’s price margin along with the risks that the leading manufacturers have faced in the global market. In addition to that, it also offers information about various dynamic impacts of the product. This report offers a perfect insight into the global market situation, considering 2019 as the base year and 2021 to 2026 as the forecast period.

Global Hydraulic Pumps Market Dynamics

This new Hydraulic Pumps market report covers the required factors that have greatly supported the market expansion across the globe. Besides, it covers a detailed analysis of the recent cost of the products and services, their current trend, and the value in the global market. Additionally, the report also covers some other crucial factors influencing the Hydraulic Pumps market: rising population, technological advancement, and many more. Furthermore, market experts have also analyzed the global market growth opportunities for the market during the forecast period.

Segment Analysis of Hydraulic Pumps Market

This market study report all the relevant data related to Hydraulic Pumps market segmentation. For better analysis, the market research experts have split the market considering some major factors, such as end-user, type, and market. Besides, to analyze every region’s market, the market is further segmented into different regions. All the categories are properly analyzed to offer accurate information. The market experts have done an extensive market analysis of Europe, Latin America, the Asia Pacific, the Middle East & Africa, and North America. Furthermore, some major country-level markets also have been analyzed in this report.

Read more: Hydraulic Pumps Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2020 – 2026

Hydraulic Pumps Market Size – Industry Analysis, Share, Growth, Trends, and Forecast 2019-2027

Hydraulic pumps are mechanical devices which helps to convert the mechanical power into hydraulic power. It generates strong flow to overcome the pressure which is induced by the load. When a hydraulic pump operates, it creates a vacuum at the pump inlet, which forces liquid from the reservoir into the inlet line to the pump and by mechanical action delivers this liquid to the pump outlet and forces it into the hydraulic system.

Increase in construction activities, rising sales of automobiles and increasing application in the mining industry are the major key drivers enhancing the growth of the hydraulic pumps whereas high cost of manufacturing is one of the restraining factor hindering its market. Demand for the production of renewable energy especially through upgrading the existing hydraulic equipment is the future trend for its long term growth.

The report comprehensively identifies and analyze the growing trends along with major driving factor such as increasing digitization rate, high demands from end-users’ industries, challenges and opportunities within the Hydraulic Pumps market. The report will also consist of exhaustive profiling in terms of their business overview, key financial facts, products and services, SWOT analysis and recent development of key players operating in the market. The Hydraulic Pumps market report exhaustively covers strategic moves adopted by various key players such as new product launches, joint ventures, product developments, merges and accusations among others in the last two to three that impacts the Hydraulic Pumps market. The report focuses on major five geographical regions i.e., North America, Europe, Asia-Pacific, Middle East & Africa and South America, which are further sub-segmented into 17 major countries.

Read more: Hydraulic Pumps Market Size – Industry Analysis, Share, Growth, Trends, and Forecast 2019-2027

Hydraulic Pumps Dump the Diesel

Advances in battery technology have made it practical to incorporate variable-speed electric pump drives in mobile hydraulic equipment, which reduces cost, complexity, and noise by supplementing or eliminating a machine’s gas or diesel engine.

Traditionally, hydraulic pumps on utility, front-end and backhoe loaders, excavators, work trucks, cranes, and other mobile equipment have been driven by the machine’s diesel or gasoline engine, generally through a power takeoff (PTO). The constantly-running engine can be a problem on equipment used in residential areas, near hospitals, or other places where noise is a concern. Moreover, an always-running engine adds up to substantial operating and maintenance costs.

Combining a fixed-displacement pump with a variable-speed electric motor can provide efficiency in the 96% range because it enables the pump to run at the speed the application requires at the time instead of running an engine at full speed and using valves or other controls to govern pump output. But until recently, limitations in battery technology and high costs have made it impractical to use variable-speed electric pump drives in mobile equipment, especially with fully-electric vehicles.

In a conventional mobile hydraulics, a diesel or gas engine drives a hydraulic pump via a PTO to power the machine’s hydraulic functions. In a traditional electric-hydraulic system, the vehicle’s engine drives an electric generator that powers an electric motor that drives a hydraulic pump. Now, several manufacturers are going a step further with semi- or fully electric vehicles in which the hydraulic power and often the motive power is provided by variable-speed electric motors driving hydraulic pumps. This method is more energy-efficient by providing power on demand and reducing or eliminating exhaust emissions. In many applications, it also offers additional energy savings when a regenerative circuit recharges the batteries during load-lowering.

Battery Power Options

Most mobile equipment contains some type of battery to store energy, whether for supplemental or full electric power. Although lead-acid batteries are common, relatively inexpensive, and readily available, lithium-ion batteries provide three times the energy for their size. Although their initial cost is considerably higher than lead-acid batteries, they have advantages that include high energy density, relatively low self-discharge, and low maintenance requirements. Nickel-metal hydride (NiMH) batteries are another power-dense alternative, with an energy density approaching that of lithium ion batteries.

Absorbed glass mat (AGM) batteries, used in some mobile equipment, are a sealed lead-acid battery design in which the sulfuric acid is absorbed by a very fine fiberglass mat, making the battery spill-proof. An AGM battery has very low internal resistance, is capable of delivering high electrical current on demand, and offers a relatively long service life, even when operated until almost discharged—called deep cycling.

Whatever type of battery is used, a mobile electro-hydraulic system consists of one or more battery packs, which require a battery management system to control charging and determine how much each battery needs to be charged. Because battery-powered mobile equipment generally is used in urban locations or on shorter, more predictable routes, charging usually can be done in a stationary facility at a shift’s end.

Read more: Hydraulic Pumps Dump the Diesel

Hydraulic Pumps Market: Market Share, Industry Size, Leading Players and Industry Research Report 2018

A hydraulic pumps is a device ideally used in a hydraulic drive system to convert mechanical energy into hydrostatic energy. It works on displacement principle. While operating, a hydraulic pump creates a vacuum at the pump outlet, which pushes the liquid into the inlet line from the reservoir. The liquid gets transferred to the outlet and then transmits the requisite force throughout the hydraulic system. Thus, hydraulic pump is the source of power for several machineries.

Competitive Insights:

The global hydraulic pumps market is highly matured and concentrated. The top four hydraulic pumps manufacturers accounted for over 45% of the global market revenue in 2015. Parker Hannifin Corporation (the U.S.), Eaton Corporation (the U.K.), and Danfoss Power Solutions (the U.S.), and Bosch Rexroth Ltd. (Germany) are identified as the leading hydraulic pumps manufacturers. Other manufacturers including Actutant Corporation (the U.S.), Bailey International LLC (the U.S.), Hydac International (Germany), Linde Hydraulics GmbH & Co. KG (Germany), Dynamatic Technologies Ltd. (India), Kawasaki Precision Machinery (Japan), and Toshiba Machine Co. Ltd. (Japan) have been marked as promising and emerging players in the hydraulic pumps market. The market for hydraulic pumps is highly matured and has been plagued by lack of product innovation. This has resulted in price wars among manufacturers leading to profit crunching. Thus, lack of product innovation is identified as one of the biggest challenges to the growth of hydraulic pumps market. Focus on product enhancement is the key strategy for manufacturers.

Key Trends:

  • Flourishing construction industry post economic recession
  • Industrial Automation and Agricultural Mechanization
  • Regulations and legislation promoting reduction of carbon-dioxide emissions and energy savings
  • Demand for piston and gear pumps
  • Growing demand for renewable energy production

Read more: Hydraulic Pumps Market: Market Share, Industry Size, Leading Players and Industry Research Report 2018

 

Global Tube Hydraulic Pumps Market to Grow at a CAGR Of 5.07% and Forecast to 2021 

A tube hydraulic pump is a mechanical device that converts mechanical energy into hydraulic energy or hydrostatic energy. It operates on displacement principle. A vacuum is created at the pump outlet, when the pump operates, that induces a force, which drives a liquid from the reservoir into the inlet line. With the aid of further mechanical action, the liquid gets transferred to the outlet and eventually into the hydraulic system. This system is used in hydraulic drive systems, which can either be hydrostatic or hydrodynamic. A hydraulic machine, together with a pump, performs various tasks such as lift, lower, close, open, or rotate components. It is the source of power for various dynamic machines and equipment.

There are various types of hydraulic pumps:
• Gear pumps
• Vane pumps
• Piston pumps

The analysts forecast the Global Hydraulic Pump market to grow at a CAGR of 5.07 percent over the period 2015-2019.

Covered in this Report
This report covers the present scenario and the growth prospects of the Global Hydraulic Pump market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of hydraulic pumps.

The report, the Global Hydraulic Pump Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Hydraulic Pump market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Read more: Global Hydraulic Pumps Market to Grow at a CAGR Of 5.07% and Forecast to 2021 

Global Hydraulic Pumps Market To Exceed USD 9.8 Bn By 2022 – Credence Research

According to a new market report published by Credence Research, Inc., “Hydraulic Pumps (Construction and Earth Moving, Oil and Gas, Mining, Agriculture, Manufacturing and Material Handling, Others (Automotive, etc.)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global hydraulic pumps market is expected to exceed US$ 9.8 Bn, expanding at a compound annual growth rate of 4.5% during the forecast period 2015 – 2022.

Product Insights

A hydraulic pump is a device ideally used in a hydraulic drive system to convert mechanical energy into hydrostatic energy. It works on displacement principle. While operating, a hydraulic pump creates a vacuum at the pump outlet, which pushes the liquid into the inlet line from the reservoir. The liquid gets transferred to the outlet and then transmits the requisite force throughout the hydraulic system. Thus, hydraulic pump is the source of power for several machineries.

Competitive Insights:

The global hydraulic pumps market is highly matured and concentrated. The top four hydraulic pumps manufacturers accounted for over 45% of the global market revenue in 2015. Parker Hannifin Corporation (the U.S.), Eaton Corporation (the U.K.), and Danfoss Power Solutions (the U.S.), and Bosch Rexroth Ltd. (Germany) are identified as the leading hydraulic pumps manufacturers. Other manufacturers including Actutant Corporation (the U.S.), Bailey International LLC (the U.S.), Hydac International (Germany), Linde Hydraulics GmbH & Co. KG (Germany), Dynamatic Technologies Ltd. (India), Kawasaki Precision Machinery (Japan), and Toshiba Machine Co. Ltd. (Japan) have been marked as promising and emerging players in the hydraulic pumps market.

The market for hydraulic pumps is highly matured and has been plagued by lack of product innovation. This has resulted in price wars among manufacturers leading to profit crunching. Thus, lack of product innovation is identified as one of the biggest challenges to the growth of hydraulic pumps market. Focus on product enhancement is the key strategy for manufacturers.

Read more: Global Hydraulic Pumps Market To Exceed USD 9.8 Bn By 2022 – Credence Research