Market Overview:
The global electrically-powered hydraulic power unit market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electrically-powered hydraulic power units from various end-use industries, such as the mechanical industry, construction industry, food industry, petroleum chemical industry and others. In addition, factors such as technological advancements and rising awareness about the benefits of using electrically-powered hydraulic power units are also contributing to the growth of this market.
Product Definition:
An electrically-powered hydraulic power unit is a device that uses electricity to power a hydraulic pump. This pump then sends pressurized oil to one or more hydraulic actuators, which use the oil to perform work. Electrically-powered hydraulic power units are often used in industrial applications, where they can provide high levels of torque and force. They are also useful for tasks that require precise control over movement, such as machining or welding.
DC Motor Hydraulic Power Unit:
DC motor hydraulic power unit is a device that converts electrical energy into hydraulic energy. It is used in various applications such as mobile robots, material handling equipment, and automated cars among others. DC motor has two main components namely rotor and stator windings which are connected by a common shafting or axle. As the name suggests, it uses direct current electricity for its operation i.e.
AC Motor Hydraulic Power Unit:
AC motor hydraulic power unit is used in electrically-powered hydraulic power unit. It is a device that converts electrical energy into moving fluid and vice versa. The basic function of an AC motor consists of two main parts namely, generating electricity and converting it into useful movement through the conversion process known as spinning.
Application Insights:
The mechanical industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The rising demand for electric power units in this industry is primarily driven by increasing production of industrial machinery. Furthermore, rapid growth of manufacturing sectors, such as automotive and aerospace, across various regions is further anticipated to propel product demand over the forecast period.
Electrically-powered hydraulic power unit finds application in numerous industries including food processing, petroleum refining & petrochemicals, construction materials handling etc., which require a high level of automation and precision machineries. The presence of a large number of players involved in research & development activities coupled with government support promoting advanced technologies are some key factors responsible for driving segment growth during the estimated time frame.
The construction industry accounted for 9% revenue share globally on account of its extensive usage across various applications such as concrete batching/concrete pumping solution among others that utilize heavy-duty equipment with high performance requirements from both manufacturers.
Regional Analysis:
Europe was the largest market for electrically-powered hydraulic power units in 2016 and is expected to continue its dominance over the forecast period. The region comprises several developed and developing countries, such as Germany, Italy, Spain, Russia, Turkey and others. Europe has been witnessing significant growth in industries including mechanical engineering & construction equipment manufacturing; food processing & packaging machinery; petroleum refining machinery; metalworking machines manufacturing etc., which are driving the demand for these power units.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing industrialization across various sectors including food & beverage industry; automotive industry; mining sector among others. Increasing population along with rising living standards have led to an increase in consumer spending on household appliances such as refrigerators and washing machines that consume large amounts of energy while operating thus resulting into increased adoption of EHPs across this region over a span of time from 2018 to 2030 (estimated).
Growth Factors:
- Increasing demand for electrically-powered hydraulic power units from the automotive and construction industries due to the advantages offered by these units over traditional hydraulic systems.
- Growing popularity of electric vehicles, which is expected to lead to an increase in demand for electrically-powered hydraulic power units in the coming years.
- Technological advancements that have led to the development of more efficient and compact electrically-powered hydraulic power units, making them a preferred choice for many applications.
- Rising awareness about the benefits of using electrically-powered hydraulic systems among end users, which is likely to boost demand for these systems in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrically-Powered Hydraulic Power Unit Market Research Report
By Type
DC Motor Hydraulic Power Unit, AC Motor Hydraulic Power Unit
By Application
Mechanical Industry, The Construction Industry, Food Industry, Petroleum Chemical Industry, Other
By Companies
FPT Fluid Power Technology, HAWE Hydraulik, Holmatro Industrial Equipment BV, Hydraproducts, Maschinenfabrik Wagner, OLMEC, SPX Hydraulic Technologies, alkitronic alki TECHNIK GmbH, Arconic, ATOS, FPT Fluid Power Technology, BUCHER Hydraulics, Concentric Hof GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Electrically-Powered Hydraulic Power Unit Market Report Segments:
The global Electrically-Powered Hydraulic Power Unit market is segmented on the basis of:
Types
DC Motor Hydraulic Power Unit, AC Motor Hydraulic Power Unit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mechanical Industry, The Construction Industry, Food Industry, Petroleum Chemical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FPT Fluid Power Technology
- HAWE Hydraulik
- Holmatro Industrial Equipment BV
- Hydraproducts
- Maschinenfabrik Wagner
- OLMEC
- SPX Hydraulic Technologies
- alkitronic alki TECHNIK GmbH
- Arconic
- ATOS
- FPT Fluid Power Technology
- BUCHER Hydraulics
- Concentric Hof GmbH
Highlights of The Electrically-Powered Hydraulic Power Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DC Motor Hydraulic Power Unit
- AC Motor Hydraulic Power Unit
- By Application:
- Mechanical Industry
- The Construction Industry
- Food Industry
- Petroleum Chemical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrically-Powered Hydraulic Power Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrically-powered hydraulic power unit is a type of engine that uses electricity to power the movement of fluids. This type of engine is often used in applications where there is a need for high torque and/or speed, such as in mining, construction, and agricultural machinery.
Some of the key players operating in the electrically-powered hydraulic power unit market are FPT Fluid Power Technology, HAWE Hydraulik, Holmatro Industrial Equipment BV, Hydraproducts, Maschinenfabrik Wagner, OLMEC, SPX Hydraulic Technologies, alkitronic alki TECHNIK GmbH, Arconic, ATOS, FPT Fluid Power Technology, BUCHER Hydraulics, Concentric Hof GmbH.
The electrically-powered hydraulic power unit market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrically-Powered Hydraulic Power Unit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrically-Powered Hydraulic Power Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrically-Powered Hydraulic Power Unit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrically-Powered Hydraulic Power Unit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrically-Powered Hydraulic Power Unit Market Size & Forecast, 2020-2028
4.5.1 Electrically-Powered Hydraulic Power Unit Market Size and Y-o-Y Growth
4.5.2 Electrically-Powered Hydraulic Power Unit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 DC Motor Hydraulic Power Unit
5.2.2 AC Motor Hydraulic Power Unit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mechanical Industry
6.2.2 The Construction Industry
6.2.3 Food Industry
6.2.4 Petroleum Chemical Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrically-Powered Hydraulic Power Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrically-Powered Hydraulic Power Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 DC Motor Hydraulic Power Unit
9.6.2 AC Motor Hydraulic Power Unit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mechanical Industry
9.10.2 The Construction Industry
9.10.3 Food Industry
9.10.4 Petroleum Chemical Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 DC Motor Hydraulic Power Unit
10.6.2 AC Motor Hydraulic Power Unit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mechanical Industry
10.10.2 The Construction Industry
10.10.3 Food Industry
10.10.4 Petroleum Chemical Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 DC Motor Hydraulic Power Unit
11.6.2 AC Motor Hydraulic Power Unit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mechanical Industry
11.10.2 The Construction Industry
11.10.3 Food Industry
11.10.4 Petroleum Chemical Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 DC Motor Hydraulic Power Unit
12.6.2 AC Motor Hydraulic Power Unit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mechanical Industry
12.10.2 The Construction Industry
12.10.3 Food Industry
12.10.4 Petroleum Chemical Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 DC Motor Hydraulic Power Unit
13.6.2 AC Motor Hydraulic Power Unit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mechanical Industry
13.10.2 The Construction Industry
13.10.3 Food Industry
13.10.4 Petroleum Chemical Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrically-Powered Hydraulic Power Unit Market: Competitive Dashboard
14.2 Global Electrically-Powered Hydraulic Power Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FPT Fluid Power Technology
14.3.2 HAWE Hydraulik
14.3.3 Holmatro Industrial Equipment BV
14.3.4 Hydraproducts
14.3.5 Maschinenfabrik Wagner
14.3.6 OLMEC
14.3.7 SPX Hydraulic Technologies
14.3.8 alkitronic alki TECHNIK GmbH
14.3.9 Arconic
14.3.10 ATOS
14.3.11 FPT Fluid Power Technology
14.3.12 BUCHER Hydraulics
14.3.13 Concentric Hof GmbH
