Global Fluid Power Equipment Market to Reach USD 90.2 Billion by 2033, Impelled by Increasing Product Usage in Hazardous Industrial Environments

January 02, 2025 | Energy & Mining

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According to the latest report by IMARC Group, titled “Fluid Power Equipment Market Report by Product (Hydraulics, Pneumatics, and Others), Component (Pumps, Motors, Valves, Cylinder, Accumulators and Filters, and Others), End User (Agricultural, Aerospace, Automotive, Construction, and Others), and Region 2025-2033," the global fluid power equipment market reached a value of USD 51.9 Billion in 2024. Fluid power equipment refers to an industrial component that uses liquid or gas fluids to transmit and generate a considerable amount of power. It comprises various components, such as valves, fittings, sensors, seals, pumps, cylinders, hoses, gauges, filters, and reservoirs. It is widely used for various tasks, such as boring new underground mining tunnels and lifting and stacking large glass sheets. Fluid power equipment also offers multi-functional controls, including direction, speed, force, and torque, and aids in increasing accuracy, efficiency, and overall production.

Global Fluid Power Equipment Market Trends:

The increasing product demand across different end use industries, such as mining, aerospace, packaging, construction, and robotics, operating in hazardous environments is creating a positive outlook for the market. Fluid power equipment provides a high power-to-weight ratio and produces high torque at low speeds, making the equipment suitable for such applications. This is further influenced by continuous improvements in industrial machinery performance and lubricant life, thus lowering downtime and equipment maintenance costs. Additionally, increasing investments by key players to introduce energy-efficient solutions and reduce greenhouse gas (GHG) emissions, supported by the surging demand for energy imports worldwide, are favoring the market growth. Apart from this, the utilization of smart valves in fluid power equipment that aid in reducing power consumption, providing real-time information, and resulting in greater efficiency is propelling the market growth. Other factors, including the increasing product demand for wastewater treatment, extensive research and development (R&D) activities, and significant growth in the food and beverage (F&B) industry, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach USD 90.2 Billion by 2033, exhibiting a CAGR of 6.02% during 2025-2033.

Market summary

On the basis of the product, the market has been classified into hydraulics, pneumatics, and others.
Based on the component, the market has been divided into pumps, motors, valves, cylinder, accumulators and filters, and others.
On the basis of the end user, the market has been categorized into agricultural, aerospace, automotive, construction, and others.
Based on the region, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, with some of the key players being Bosch Rexroth AG (Robert Bosch GmbH), Bucher Industries AG, Daikin Industries Ltd., Eaton Corporation PLC, Fluid Power Equipment Inc., HAWE Hydraulik SE, HYDAC International GmbH, Hydraforce Inc., Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp., Parker-Hannifin Corporation and Sparrows Offshore Group Limited.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, Component, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Bosch Rexroth AG (Robert Bosch GmbH), Bucher Industries AG, Daikin Industries Ltd., Eaton Corporation PLC, Fluid Power Equipment Inc., HAWE Hydraulik SE, HYDAC International GmbH, Hydraforce Inc., Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp., Parker-Hannifin Corporation and Sparrows Offshore Group Limited.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Fluid Power Equipment Market to Reach USD 90.2 Billion by 2033, Impelled by Increasing Product Usage in Hazardous Industrial Environments

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