According to a report by Future Market Insights (FMI), the electrohydraulic pump market is expected to reach a valuation of USD 1,392.7 million in 2024 and is projected to grow to USD 2,565.6 million by 2034, with a compound annual growth rate (CAGR) of 5.50% over the forecast period.
The rise of Industry 4.0 has fueled demand for smart, energy-efficient hydraulic systems across various industries. Electrohydraulic pumps, which use electric motors to control fluid pressure and flow precisely, have become increasingly important in sectors such as manufacturing, construction, and aerospace.
In particular, the metal-forming industry has seen growing adoption of electrohydraulic pumps due to their ability to deliver precise force and motion control, which is essential for shaping and molding metals. The post-pandemic recovery of the global manufacturing and machine tools industries has further boosted demand for these systems.
In the construction and infrastructure sectors, electrohydraulic pumps are integrated into heavy machinery such as excavators, cranes, and loaders, providing hydraulic power for lifting, digging, and other tasks. Countries with ongoing infrastructure projects, including India, China, and the United States, are expected to see significant growth in the demand for electrohydraulic pumps.
Key Takeaways from the Electrohydraulic Pump Industry:
- Variable displacement electrohydraulic pumps command a substantial market share of 33.00% in 2024, emerging as the predominant choice.
- Electrohydraulic pumps for metal forming industries secure a robust market lead, claiming a solid 24.00% market share in 2024.
- The electrohydraulic pump market in India is predicted to grow at a remarkable CAGR of 6.20% through 2034.
- The electrohydraulic pump industry in China is predicted to rise at a whopping 6.00% CAGR through 2034.
- The electrohydraulic pump market in Australia has the potential to increase at 5.20% CAGR through 2034.
- The United Kingdom’s electrohydraulic pump market is predicted to rise at a 5.10% CAGR through 2034.
- The electrohydraulic pump industry in the United States is predicted to grow at a CAGR of 5.10% through 2034.
Competitive Landscape for Electrohydraulic Pump Market:
The market for electrohydraulic pumps is characterized by the presence of several players who have gained a loyal consumer base spread across various sectors and industries. The majority of this consumer base is metal forming and precision engineering companies with the financial and technical capacity to invest in advanced hydraulic systems. This cut-throat competition often consists of innovations and advanced features, ensuring that companies stay at the forefront of meeting the requirements of manufacturing units in various industries.
Key Players Operating in the Global Electrohydraulic Pump Industry:
- Bosch Rexroth AG
- Parker Hannifin Corporation
- Eaton Corporation PLC
- Moog Inc.
- Danfoss Power Solutions
- Enerpac Tool Group
- Linde Hydraulics
- Oilgear Company
- Shimadzu Corporation
- HYDAC International GmbH
Electrohydraulic Pump Market Segmentation Analysis:
By Type:
- Wound Field Motors
- Permanent Magnet Motors
- Variable Displacement
By End Use:
- Electric power steering
- Electro-Hydraulic system and circuits
- Metal Forming
By Application:
- Buses and coaches and Vocational vehicles
- Construction
- Agricultural equipment
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/electrohydraulic-pump-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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