The hydraulic pump market is expected to show a CAGR of more than 5.0% during the forecast period 2020-2026. The function of a hydraulic pump is to convert mechanical energy into fluid power energy. Hydraulic pumps provide positive displacement that means the outlet flow is sealed from the inlet flow. Moreover, a little amount of fluid is designed to leak internally for the lubrication and internal cooling purpose. The converted energy is used to perform various functions including lift, lower, open, close, or rotate components in mobile or industrial applications. There are mainly two types of hydraulic pumps that are fixed and variable displacement. In a fixed hydraulic pump, the pump has a set flow rate whereas, in a variable displacement pump, the flow rate and the outlet pressure can be changed as per requirements.
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Growth in the building and construction activities all across the globe, high sales of automotive, rising mining activities, and increasing automation in the industries are some of the major factors which are augmenting the hydraulic pump market. Moreover, the application of the hydraulic pump in the electric vehicle is expected to provide a significant opportunity for the market in the near future.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Hydraulic Pump Market- Segmentation
By Type
- Gear Pump
- Piston Pump
- Screw Pump
- Vane Pump
- Other Pump
By Application
- Construction Equipment
- Industrial Machinery
- Oil & Gas
- Automotive
- Other
Global Hydraulic Pump Market– Segment by Region
North America
- US
- Rest of North America
Europe
- UK
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East and Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Hydraulic Pump market.
- Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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