January 10, 2022 05:30 ET | Source: Market Study Report Market Study Report

Pune, India, Jan. 10, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global fluid power equipment market was worth USD 48.9 billion in 2020 and is anticipated to amass notable gains during 2021-2026.

The report segments the market on the basis of type, product gamut, and application scope which are individually assessed to understand the top revenue prospects in this vertical. Moving on, a comprehensive overview of the geographical markets is included in the study along with a scrutiny of the competitive landscape to equip users with a holistic view of the market dynamics.

Increasing automation in factories, surging adoption of international standards for motor efficiency, and introduction of several user-friendly fluid products are propelling market growth.

In addition, growing production volume of vehicles, rapid urbanization and increasing number of multinational outlets, supply chains & corporations are augmenting the industry outlook. Besides, surging applications from end-use sectors like agricultural machinery, automotive, oil & gas machinery, medical equipment, etc. and growing outlets and native supply chains are also contributing to industry progression.

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Speaking of the negatives, the outbreak of the COVID 19 pandemic has adversely affected the market development, owing to global supply chain disruptions caused by imposition of strict government regulations to curb the spread of the disease. Moreover, decreasing product demand from end-use sectors is further hampering the market remuneration scope.

By type, global fluid power equipment market is bifurcated into hydraulic and pneumatic, whereas segmentation based on product ambit, includes actuators, cylinders, valves, motors, pumps, and filters.

In terms of application, the industry vertical is split into aerospace & defense, construction, automotive, oil & gas, and others.

Considering the geographical ambit, Asia Pacific market is projected to expand substantially during 2021-2026, accreditable to prompt development in the automobile and industrial sectors, coupled with increasing investments in manufacturing sectors in emerging economies like China and India.

Overview of the competitive arena

Daikin Industries Ltd., The Flowserve Corporation, Robert Bosch GmbH, Emerson Electric Co, Schlumberger Ltd., Crane Co., Concentric AB, Eaton Corporation plc, Gates Industrial Corporation plc, and Marzocchi Pompe S.p.A are the leading players operating in global fluid power equipment market.

These companies are undertaking several strategies like mergers & acquisitions, innovative product launches, research & development investments, partnerships, and collaborative deals to strengthen their foothold in the overall market.

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Global Fluid Power Equipment Market, By Type Ambit (Revenue, USD Million, 2016-2026)

Global Fluid Power Equipment Market, by Product Type (Revenue, USD Million, 2016-2026)

Global Fluid Power Equipment Market, By Application Scope (Revenue, USD Million, 2016-2026)

Global Fluid Power Equipment Market, Regional Analysis (Revenue, USD Million, 2016-2026)

Global Fluid Power Equipment Market, Competitive Hierarchy (Revenue, USD Million, 2016-2026)

3. Fluid Power Equipment Market: Product Overview

4. Global Fluid Power Equipment Market: An Analysis

4.1 Market Size, By Value, 2016-2026

4.2 Impact of COVID-19 on Fluid Power Equipment Market

4.3 Global Fluid Power Equipment Market: Growth & Forecast

5. Global Fluid Power Equipment Market: Segment Analysis

5.1 Global Fluid Power Equipment Market Segmentation, By Type (Value)

5.2 Competitive Scenario of Fluid Power Equipment Market: By Type (2020 & 2026)

5.3 By Hydraulics- Market Size and Forecast (2016-2026)

5.4 By Pneumatics- Market Size and Forecast (2016-2026)

6. Global Fluid Power Equipment Market Segmentation, By Product (Value)

6.1 Competitive Scenario of Fluid Power Equipment Market: By Product (2020 & 2026)

6.2 By Pumps- Market Size and Forecast (2016-2026)

6.3 By Motors- Market Size and Forecast (2016-2026)

6.4 By Valves- Market Size and Forecast (2016-2026)

6.5 By Cylinders- Market Size and Forecast (2016-2026)

6.6 By Filters- Market Size and Forecast (2016-2026)

6.7 By Actuators- Market Size and Forecast (2016-2026)

7. Global Fluid Power Equipment Market Segmentation, By Application (Value)

7.1 Competitive Scenario of Fluid Power Equipment Market: By Application (2020 & 2026)

7.2 By Construction- Market Size and Forecast (2016-2026)

7.3 By Automotive- Market Size and Forecast (2016-2026)

7.4 By Oil & Gas- Market Size and Forecast (2016-2026)

7.5 By Aerospace & Defence- Market Size and Forecast (2016-2026)

7.6 By Others- Market Size and Forecast (2016-2026)

8. Global Fluid Power Equipment Market: Regional Analysis

8.1 Competitive Scenario of Global Fluid Power Equipment Market: By Region (2020 & 2026)

9. Americas Fluid Power Equipment Market: An Analysis (2016-2026)

9.1 Americas Fluid Power Equipment Market by value: Size and Forecast (2016-2026)

9.2 Americas Fluid Power Equipment Market: Prominent Companies

9.3 Market Segmentation By Type (Hydraulic, Pneumatic)

9.4 Market Segmentation By Product (Pumps, Motors, Valves, Cylinders, Filters, Actuators)

9.5 Market Segmentation By Application (Construction, Automotive, Oil & Gas, Aerospace & Defence, Others)

10. Europe Fluid Power Equipment Market: An Analysis (2016-2026)

10.1 Europe Fluid Power Equipment Market by value: Size and Forecast (2016-2026)

10.2 Europe Fluid Power Equipment Market: Prominent Companies

10.3 Market Segmentation By Type (Hydraulic, Pneumatic)

10.4 Market Segmentation By Product (Pumps, Motors, Valves, Cylinders, Filters, Actuators)

10.5 Market Segmentation By Application (Construction, Automotive, Oil & Gas, Aerospace & Defence, Others)

11. Asia Pacific Fluid Power Equipment Market: An Analysis (2016-2026)

11.1 Asia Pacific Fluid Power Equipment Market by value: Size and Forecast (2016-2026)

11.2 Asia Pacific Fluid Power Equipment Market: Prominent Companies

11.3 Market Segmentation By Type (Hydraulic, Pneumatic)

11.4 Market Segmentation By Product (Pumps, Motors, Valves, Cylinders, Filters, Actuators)

11.5 Market Segmentation By Application (Construction, Automotive, Oil & Gas, Aerospace & Defence, Others)

12. Global Fluid Power Equipment Market Dynamics

12.1 Global Fluid Power Equipment Market Drivers

12.2 Global Fluid Power Equipment Market Restraints

12.3 Global Fluid Power Equipment Market Trends

13. Market Attractiveness and Strategic Analysis

13.1 Market Attractiveness Chart of Global Fluid Power Equipment Market - By Type (Year 2026)

13.2 Market Attractiveness Chart of Global Fluid Power Equipment Market - By Product (Year 2026)

13.3 Market Attractiveness Chart of Global Fluid Power Equipment Market - By Application (Year 2026)

13.4 Market Attractiveness Chart of Global Fluid Power Equipment Market - By Region (Year 2026)

Gas Insulated Power Equipment Market Size, Competitive Market Share & Forecast, 2019 - 2025

Global Gas Insulated Equipment Market is predicted to grow at a rate of over 8% by 2025. The industry in the recent years, has been positively influenced by the substantial increase in demand for compact substation devices to curb the overall project cost, maintenance and space requirements. Although, availability of a significant amount of traditional switchgear technologies including vacuum and air insulated products have constantly been posing obstruction to their incorporation across the industry. However, insistent efforts to reduce costs, manufacture compact product specifications and enhance operational performance have augmented the adoption of these units. Asia Pacific will observe progress on account of the rising demand for electricity from developing countries. Emerging nations including India are considered as favorable regions as they continue to boost the traditional power network and capacities to meet the growing electricity demand. Shifting power consumption patterns in households and corporations positively influenced by government shift towards the adoption of effective grid network will strengthen the global gas insulated power equipment market share.

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