Fluid Power Equipment Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 66.42 Billion |
| Market Size (2029) | USD 86.23 Billion |
| CAGR (2024 - 2029) | 5.36 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fluid Power Equipment Market Analysis
The Fluid Power Equipment Market size is estimated at USD 66.42 billion in 2024, and is expected to reach USD 86.23 billion by 2029, growing at a CAGR of 5.36% during the forecast period (2024-2029).
The fluid power equipment market is pivotal to numerous industries, including construction, agriculture, aerospace, material handling, and oil and gas. Fluid power systems utilize hydraulic and pneumatic technologies to manage energy via pressurized fluids, leading to the widespread use of equipment like pumps, motors, cylinders, and valves. These components are essential for sectors that require high precision, reliability, and efficiency in their operations.
Hydraulic Equipment Leads the Market
- Hydraulic equipment plays a dominant role in the market, offering powerful and reliable solutions, particularly suited for heavy machinery and industrial applications. Products like hydraulic cylinders and valves are extensively used across sectors such as construction and manufacturing, where high force and precise control are critical. While pneumatic equipment is less powerful, it is preferred in industries such as food processing and automotive assembly, where speed, simplicity, and safety are key considerations.
Technological Advancements Drive Demand
- Demand for fluid power components is fueled by technological developments in hydraulic and pneumatic systems, energy efficiency regulations, and growing automation trends. Integrating fluid power technology into industrial control systems has led to innovations, particularly in sectors like aerospace and oil and gas, where hydraulic machinery and fluid power control systems are being refined for enhanced efficiency and reduced environmental impact.
Advances in Industrial Automation Fuel Demand for Fluid Power Systems
- Incased Automationre: The ongoing shift toward automation in various industries is significantly impacting the fluid power equipment market. Hydraulic and pneumatic systems are increasingly integrated into automated industrial machinery, offering superior precision and control. This demand is particularly strong in factory automation, where efficient manufacturing processes and reduced labor costs are prioritized.
- Hydraulic Motors and Pumps Expansion: Industrial pumps and hydraulic motors are gaining wider use in sectors such as material handling and aerospace. Automation enables faster, more precise operations, driving further demand for fluid power equipment innovations that improve reliability and operational efficiency.
- Industry 4.0 Integration: As part of the Industry 4.0 transformation, fluid power technology is evolving to include smart sensors and advanced control mechanisms. These allow real-time monitoring and adjustments, minimizing downtime and enhancing performance in industrial hydraulic machinery.
- Pneumatic Equipment in Automotive and Semiconductor Manufacturing: Industries like automotive and semiconductor manufacturing are increasing their reliance on fluid power applications due to the growing complexity of production processes. Pneumatic systems are becoming essential for assembly lines and robotics, valued for their speed, flexibility, and safety.
Energy Efficiency and Environmental Considerations Shape Market Outlook
- Energy Efficiency Focus: As environmental regulations become stricter, energy efficiency is a growing concern for manufacturers of hydraulic and pneumatic systems. These systems are being re-engineered to minimize energy consumption and reduce emissions, in line with global sustainability goals.
- Redesign of Hydraulic Valves and Cylinders: Hydraulic valves and cylinders are undergoing significant redesigns to enhance energy efficiency. Fluid power transmission systems are being equipped with energy-efficient motors and pumps, which help to reduce operational costs and environmental impacts across industries.
- Increased Adoption in Construction and Agriculture: Energy-efficient hydraulic solutions are gaining traction in sectors like construction and agriculture, where equipment such as excavators and tractors operate under challenging conditions. Advanced control systems are being introduced to optimize energy use without sacrificing performance.
- Optimized Pneumatic Valves: Pneumatic valves and actuators, frequently used in industries such as packaging and food processing, are being optimized for energy savings. By operating at lower pressure levels, these systems reduce energy consumption while maintaining high-speed and precision in industrial applications.
Fluid Power Equipment Market Trends
Valves Holds a Significant Share in the Market
- Valves Hold a Significant Share in the Market: Valves are essential components in fluid power systems, managing fluid flow in various applications. Pneumatic valves, including solenoid-piloted and air-piloted types, are heavily used in industries such as automotive and power tools. Innovations such as Warren Controls' ILEA 2900E series of electrically actuated globe-control valves highlight advancements in valve durability and precision, reinforcing their central role in the fluid power equipment market.
- Smart Valve Technology: The emergence of smart valve technology is revolutionizing industrial operations, enabling real-time monitoring and control. This is critical in industries like mining and agriculture, where Bosch Rexroth’s new valve platform facilitates the integration of hydraulic control into multifunctional systems, improving both efficiency and customization.
- Pressure Relief Valves: Pressure relief valves are critical in maintaining safety in high-pressure environments by regulating excess pressure in pneumatic systems. Their use in sectors like construction and automotive underscores the importance of system integrity. Customizable solutions such as Linde Hydraulics' modular valve block demonstrate innovations that improve adaptability and operational flexibility in fluid power systems.
- Pneumatic Valves and Industry 4.0: The growing influence of Industry 4.0 is driving the demand for pneumatic valves, particularly in smart manufacturing. These valves offer precise control in automated production lines. Factors such as increasing population and advancements in water management technologies are also contributing to the rising demand for fluid control valves in the fluid power equipment market.
North America to Witness Considerable Growth
- Industrial Expansion and Automation: The fluid power equipment market in North America is poised for substantial growth, spurred by rapid industrialization and increased automation across various sectors. Industries like automotive, aerospace, and construction are adopting hydraulic and pneumatic systems to modernize production processes and improve efficiency. Hitachi and Volvo North America are among the leaders in incorporating hydraulic systems into machinery, enhancing operational capabilities.
- Oil and Gas Sector: The hydraulic equipment market in North America is heavily driven by the oil and gas sector, where high-pressure systems power operations like fluid pumping. Hydraulic lifts and other equipment are vital for efficient oil extraction processes. Rising natural gas consumption in the US further signals the growing demand for hydraulic systems in energy production.
- Construction Sector: The construction industry’s need for hydraulic machinery is expanding due to ongoing infrastructure projects. Heavy machinery such as excavators and cranes, which rely on hydraulic systems, are seeing increased demand. Partnerships between companies like Kobelco and Yanmar are driving innovations in hydraulic excavator production, further boosting the North American fluid power equipment market.
- Energy-Efficient Solutions: Sustainability is a key trend shaping the fluid power market in North America. Energy-efficient systems that reduce costs and environmental impacts are gaining traction. The US Department of Energy highlights compressed air systems' importance in manufacturing, where they power tools and handle materials. Recent FDA guidelines also drive the adoption of cleaner, energy-efficient pneumatic systems in food processing, indicating continued growth in fluid power innovations.
Fluid Power Equipment Industry Overview
Market Leaders: The fluid power equipment market is semi consolidated, with prominent global players such as Bosch-Rexroth AG, Danfoss AS, and Eaton Corporation commanding significant market share. These companies leverage economies of scale and R&D expertise to maintain their leadership positions.
Technological Innovation: Leading players like Parker-Hannifin Corporation and SMC Corporation emphasize technological advancements in hydraulics and pneumatics to enhance system efficiency, sustainability, and precision. These companies operate globally, offering both standardized and custom fluid power solutions to meet diverse industrial needs.
Sustainability and Digital Integration: Key factors driving future market success include the integration of IoT and automation technologies, as well as a focus on developing sustainable and energy-efficient systems. Leading companies must continue to invest in innovation and partnerships to remain competitive in the evolving fluid power market.
Fluid Power Equipment Market Leaders
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Bosch-Rexroth AG
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Danfoss AS
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Eaton Corporation
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Festo AG
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SMC Corporation
*Disclaimer: Major Players sorted in no particular order
Fluid Power Equipment Market News
- Januray 2024 - Bosch Rexroth announced a partnership with thermal management manufacturer Modine. The two groups are working together to introduce Modine EVantage (™) thermal management systems into Bosch Rexroth's range of eLION products for electrified off-highway machinery on a global scale. Rexroth eLION systems and Modine EVantage thermal management systems work together to enhance the electrification of customer platforms in the off-highway sector by providing efficient EV technology with reduced emissions and improved performance. As more mobile machines are being electrified, it is essential to efficiently control the thermal output of important components.
- November 2023 - Danfoss Launches New Hydraulic, Electrification and Autonomy Solutions, The newly launched H1F fixed displacement bent axis hydraulic motor is designed for open- and closed-circuit applications in agriculture, construction and forestry machinery.
- June 2023 - Bosch Rexroth has opened a new production plant to meet the increasing need for mobile hydraulic and factory automation technology. By expanding their manufacturing capacity in this area, the company can easily respond more quickly to customer needs and satisfy the rising demand for products, especially for agricultural and construction machinery as well as OEM machine manufacturers in North America.
Fluid Power Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. GLOBAL HYDRAULIC EQUIPMENT MARKET OUTLOOK
4.1 Current Market Scenario
4.2 Key Market Influencers - Market Drivers and Challenges
5. MARKET INSIGHTS
5.1 Market Drivers
5.1.1 Energy Efficiency and Environmental Considerations Shape Market Outlook
5.1.2 Advances in Industrial Automation Fuel Demand for Fluid Power Systems
5.1.3 Technological Advancements Drive Demand
5.2 Market Challenges
6. MARKET SEGMENTATION - GLOBAL HYDRAULIC EQUIPMENT MARKET
6.1 By Product Type
6.1.1 Pumps
6.1.2 Motors
6.1.3 Valves
6.1.4 Cylinders
6.1.5 Accumulators and Filters
6.1.6 Other Product Types (Transmission, Fluid Connectors, etc.)
6.2 By End-user Vertical
6.2.1 Construction
6.2.2 Agriculture
6.2.3 Material Handling
6.2.4 Oil and Gas
6.2.5 Aerospace and Defense
6.2.6 Machine Tools
6.2.7 Hydraulic Tools
6.2.8 Other End-user Verticals
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Rest of the World
6.4 Vendor Market Share Analysis - Hydraulic Equipment Market
7. GLOBAL PNEUMATIC EQUIPMENT MARKET OUTLOOK
7.1 Current Market Scenario
7.2 Key Market Influencers - Market Drivers and Challenges
8. MARKET SEGMENTATION - GLOBAL PNEUMATIC EQUIPMENT MARKET
8.1 By Product Type
8.1.1 Valves
8.1.2 Actuators
8.1.3 FRLs
8.1.4 Fittings
8.1.5 Other Product Types
8.2 By End-user Vertical
8.2.1 Food Processing and Packaging
8.2.2 Automotive
8.2.3 Material Handling and Assembly
8.2.4 Chemicals/Plastics/Oil
8.2.5 Semiconductor and Electronics
8.2.6 Metalworking
8.2.7 Paper and Printing
8.2.8 Life Sciences
8.2.9 Other End-user Verticals
8.3 By Geography
8.3.1 North America
8.3.2 Europe
8.3.3 Asia-Pacific
8.3.4 Rest of the World
8.4 Vendor Market Share Analysis - Pneumatic Equipment Market
9. COMPETITIVE LANDSCAPE
9.1 Company Profiles*
9.1.1 Bosch-Rexroth AG
9.1.2 Danfoss AS
9.1.3 Eaton Corporation
9.1.4 Hydac
9.1.5 Parker-Hannifin Corporation
9.1.6 HydraForce Inc.
9.1.7 Kawasaki Heavy Industries Limited
9.1.8 Nachi-Fujikoshi Corp.
9.1.9 Festo AG
9.1.10 SMC Corporation
9.1.11 Emerson Electric Co.
9.1.12 Schlumberger Limited
9.1.13 IMI Precision Engineering
9.1.14 Parker Hannifin Corporation
9.1.15 Ingersoll Rand Inc.
9.1.16 Flowserve BV (Flowserve Corporation)
9.1.17 Neles Oyj
9.2 Market Outlook - Pneumatic Equipment Market
9.3 Market Outlook - Hydraulic Equipment Market
Fluid Power Equipment Industry Segmentation
Fluid power is a term describing hydraulics and pneumatics technologies. Fluid Power Equipment comprises equipment that uses a fluid (liquid or gas) to transmit power from one location to another. The fluid is a liquid (usually oil) with hydraulics, whereas pneumatics uses gas (usually compressed air).
For both the hydraulic and pneumatic categories, the study only considers revenue accrued from the sales of equipment used in the production of end products. It does not reflect the revenues of finished goods.
The fluid power equipment market in which hydraulic equipment market is segmented by product type (pumps, motors, valves, cylinders, accumulators & filters), end-user vertical (construction, agriculture, material handling, oil and gas, aerospace and defense, machine tools, hydraulic tools) and geography (North America, Europe, Asia-Pacific, rest of the World). The pneumatic equipment market is segmented by product type (valves, actuators, FRLs, fittings), end-user vertical (food processing and packaging, automotive, material handling and assembly, chemicals/plastics/oil, semiconductor, and electronics, metalworking, paper and printing, life sciences) and geography (North America, Europe, Asia-Pacific, rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Product Type | |
| Pumps | |
| Motors | |
| Valves | |
| Cylinders | |
| Accumulators and Filters | |
| Other Product Types (Transmission, Fluid Connectors, etc.) |
| By End-user Vertical | |
| Construction | |
| Agriculture | |
| Material Handling | |
| Oil and Gas | |
| Aerospace and Defense | |
| Machine Tools | |
| Hydraulic Tools | |
| Other End-user Verticals |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Fluid Power Equipment Market Research FAQs
How big is the Fluid Power Equipment Market?
The Fluid Power Equipment Market size is expected to reach USD 66.42 billion in 2024 and grow at a CAGR of 5.36% to reach USD 86.23 billion by 2029.
What is the current Fluid Power Equipment Market size?
In 2024, the Fluid Power Equipment Market size is expected to reach USD 66.42 billion.
Who are the key players in Fluid Power Equipment Market?
Bosch-Rexroth AG, Danfoss AS, Eaton Corporation, Festo AG and SMC Corporation are the major companies operating in the Fluid Power Equipment Market.
Which is the fastest growing region in Fluid Power Equipment Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fluid Power Equipment Market?
In 2024, the Asia-Pacific accounts for the largest market share in Fluid Power Equipment Market.
What years does this Fluid Power Equipment Market cover, and what was the market size in 2023?
In 2023, the Fluid Power Equipment Market size was estimated at USD 62.86 billion. The report covers the Fluid Power Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fluid Power Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fluid Power Equipment Industry Report
Fluid Power Equipment Market Research
Our fluid power equipment market research report offers in-depth analysis and insights into the industry's current trends, challenges, and opportunities across sectors like aerospace, agriculture, construction, and material handling. The report provides a comprehensive overview of hydraulic and pneumatic systems, covering key components such as pumps, motors, valves, and cylinders. Stakeholders will benefit from our industry expertise, which highlights how technological advancements, Industry 4.0 integration, and energy efficiency regulations are driving market innovations and reshaping fluid power applications across multiple industries.
This report delivers actionable insights, helping manufacturers, investors, and policymakers make informed decisions. It covers market segmentation, regional growth forecasts, and competitive landscape analysis, with a detailed focus on the role of hydraulic equipment in heavy industries and the expanding use of pneumatic systems in sectors like automotive and food processing. The full findings are available in an easy-to-read report pdf format, designed to guide strategic planning and optimize operations in an evolving market landscape.
