Hydraulic pumps are used in hydraulic drive systems and can be hydrostatic or hydrodynamic. A hydraulic pump is a mechanical source of power that converts mechanical power into hydraulic energy (hydrostatic energy i.e. flow, pressure). It generates flow with enough power to overcome pressure induced by the load at the pump outlet. When a hydraulic pump operates, creates a vacuum at the pump inlet, which forces liquid from the reservoir into the inlet line to the pump and by mechanical action delivers this liquid to the pump outlet and forces it into the hydraulic system.
Source: Secondary Sources, Expert Interviews and QYResearch, 2023
According to the new market research report “Hydraulic Pumps - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Hydraulic Pumps market size is projected to reach USD 5.48 billion by 2029, at a CAGR of 5.0% during the forecast period.
- Global Hydraulic Pumps Market Size(US$ Million), 2018-2029
Source: QYResearch, “Hydraulic Pumps - Global Market Insights and Sales Trends 2024”
- Global Hydraulic Pumps Top5Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, “Hydraulic Pumps - Global Market Insights and Sales Trends 2024”
The global key manufacturers of Hydraulic Pumps include Kawasaki, Bosch Rexroth, KYB, Eaton, Parker Hannifin, Sumitomo Precision, Nachi-Fujikoshi, Doosan Mottrol, Daikin, Hydac International, etc. In 2021, the global top five players had a share approximately 29.0% in terms of revenue.
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