The HPU is an integrated package comprising hydraulic motor, hydraulic pump, and reservoir/accumulators along with other accessories such as valves, tubes, filter, regulators, and instruments to monitor the performance of the unit. It is used to transmit, control, and distribute energy from a pressurized fluid to perform various mechanical tasks. It is the main component of hydraulic systems producing enormous amount of power, driving various hydraulic rams and equipment.
Increasing population and better living standards in developing countries have led to a surge in energy and infrastructural demands. The total world population was 7.3 Billion in 2014, and is expected to grow at a rate of 1.14% per year. Emerging economies such as China, India, and Brazil are trying to develop infrastructure to provide their people the basic amenities. This is likely to boost the construction market of these countries, thereby augmenting the Hydraulic Power Unit Market (HPU) in the region.
Asia-Pacific held the largest share of approximately 34% in 2013, followed by North America, which held 22% of the total market share in the same year, and is expected to grow at a CAGR of 4.3% during the forecast period. The hydraulic power unit market is estimated to reach $6.0 Billion at a CAGR of 5.6% from 2014 to 2019.Potential growth of the manufacturing business in countries such as Mexico, Germany, and China has led to an increase in the HPU market. The demand for Hydraulic Power Unit (HPU) is high in developing countries such as Indonesia and China due to an increase in construction activities in the region.
Early buyers will receive 10% customization on reports.
Mobile Applications – Major application for the HPU Market
Increasing population and better living standards in developing countries have led to a surge in energy and infrastructural demands. The total world population was 7.3 Billion in 2014, and is expected to grow at a rate of 1.14% per year. Emerging economies such as China, India, and Brazil are trying to develop infrastructure to provide their people the basic amenities. This is likely to boost the construction market of these countries, thereby augmenting the Hydraulic Power Unit Market (HPU) in the region.
Asia-Pacific held the largest share of approximately 34% in 2013, followed by North America, which held 22% of the total market share in the same year, and is expected to grow at a CAGR of 4.3% during the forecast period. The hydraulic power unit market is estimated to reach $6.0 Billion at a CAGR of 5.6% from 2014 to 2019.Potential growth of the manufacturing business in countries such as Mexico, Germany, and China has led to an increase in the HPU market. The demand for Hydraulic Power Unit (HPU) is high in developing countries such as Indonesia and China due to an increase in construction activities in the region.
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Mobile Applications – Major application for the HPU Market
HPU is categorized into three primarily segments: mobile application, industrial applications, and others. The major market is captured by mobile applications, which provide higher power transmission in a compact size. Industrial application is the second major application, which is utilized in industries such as automotive and steel among others. Increasing construction and agricultural activities, along with the replacement market of old HPUs, is the key driver of the market.
Scope of the report:
On the basis of application:
- Mobile
- Industrial
- others
On the basis of operating pressure:
- <750 PSI
- 750-200 psi
- 2000-3000 psi
- >3000 PSI
On the basis of region:
- North America
- Europe
- Latin America
- Asia-Pacific
- Middle-East & Africa
Leading equipment manufacturers, namely Bosch Rexroth AG (Lohr a. Main, Germany); Parker Hannifin Corporation (Ohio, U.S.); Nachi-Fujikoshi Corporation (Tokyo, Japan); Brevini Fluid Power S.p.A (Milan, Italy); and Hydac International GmbH (Sulbach, Germany), Weber Hydraulik GmbH (Güglingen, Germany).
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