Hydraulic Power Unit Market Trends, Company Share To 2022: Grand View Research, Inc.

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Global Hydraulic Power Unit Market has witnessed significant growth over the last three years on account of increasing oil field operations and housing developments in various countries. The other drivers of the market were increasing agricultural productivity, developing maritime industry, and flourishing theatrical & production industry. Hydraulic power units operations are based on Pascal’s law of power generation, i.e. through ratios of pressure and area, and thus are applied various equipment, such as aerospace test equipment, machine tools, automation systems, mobile equipment, meat processing machinery, material handling equipment and rolling mill machinery.

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In terms of application, the hydraulic power unit market can be segmented into mobile, industrial, and other medium duty applications. The major percentage share of the total market accrues to mobile application, on account of better ability to provide high power transmission, considering the small size. Industrial application is primarily concentrated in steel and automotive industry, whereby large, heavy duty equipment are required.

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In terms of region, Asia Pacific witnesses the highest growth rate, owing to numerous infrastructural projects and housing developments. Europe and North America has the largest share of the hydraulic power unit market, and over the forecast period, is expected is grow on account of various oil production projects and notable number of infrastructural projects. Latin America and Africa, on the other hand, had a decent share of the total market, solely owing to oil field activities.

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The major companies involved in the hydraulic power unit market are Hydromega, Energy Manufacturing Company, Inc., HCS Control Systems Ltd. and Branch Hydraulic Systems Ltd.

US based company Energy Manufacturing Company, Inc., established in 1944, with headquarter in Iowa, USA, serves the requirement of agricultural, forestry, construction, material handling and aerial lifting equipment, refuse trucks and on-highway trucks, and Logsplitters. Branch Hydraulic Systems Ltd caters to needs of automotive, aerospace, paper mills, marine, mining and packaging industry. It was established in 1975 and is into the business of manufacturing, designing, installation, repairing and servicing of hydraulic power units/systems. The company’s product line encompasses both AC and DC hydraulic power units, coupled with two versions of release valve. One of 20 to 200 bar; the other of 30 to 350 bar.

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