Ozone Market Reports projects that the Hydraulic Power Unit market size will grow from USD 5.85 Billion in 2017 to USD 8.39 Billion by 2023, at an estimated CAGR of 6.2%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The HPU is an integrated package comprising hydraulic motor, hydraulic pump, and reservoir/accumulators along with other accessories such as valves, tubes, filter, regulators, and instruments to monitor the performance of the unit. It is used to transmit, control, and distribute energy from a pressurized fluid to perform various mechanical tasks. It is the main component of hydraulic systems producing enormous amount of power, driving various hydraulic rams and equipment. The applications of HPU are wide and varied; they are used in various applications such as presses, machine tools, Computerized Numerical Control (CNC), saws, and lifts among others. Construction, agriculture, truck& bus, and industrial machineries such as machining tools, saws, and (CNC) are the major end-users of Hydraulic Power Unit (HPU). These are also used in construction equipment such as fork lifters, crushers, cranes, and excavators among others. Each region has been analyzed with respect to its market trends, growth, and future prospects, in terms of the HPU market. This report basically aims to estimate the global market for hydraulic power unit from 2018 to 2023.
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By Market Players:
Bosch Rexroth AG. , Eaton Corporation. , MTS Systems Corporation. , Nachi-Fujikoshi Corporation , Parker Hannifin Corporation , Bailey International LLC , Brevini Fluid Power SPA , Hydac International GmbH , Hydro-Tek Co Ltd. , Shanghai Mocen Fluid Power , Weber Hydraulik GmbH,
By Pressure Rating:
0-750 PSI, 750-2000 PSI, 2000-3000 PSI, >3000 PSI,
Mobile, Industrial, Others, ,
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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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