The Hydraulic Pumps market is expected to reach $21.26 billion by 2026 growing at a CAGR of 6.2% during 2018 to 2026.

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The key vendors mentioned are Daikin Industries Ltd., Hydac International, Eaton Corporation Plc., Linde Hydraulics, Bosch Rexroth Ltd., Toshiba Machine Co. Ltd., Kawasaki Heavy Industries Ltd., Bailey International LLC, Actutant Corporation, Parker Hannifin Corporation, and Casappa S.p.A and Moog Inc.

-- Hydraulic pumps can be used for converting mechanical energy into hydraulic energy and can be hydrostatic. These pumps basically work on the principle of displacement, and convert mechanical energy into hydraulic energy, which then can be utilized to perform various tasks such as lift, lower, open, close or rotate components in various mobile and industrial application areas. In a hydraulic pump, mechanical action creates a vacuum at the pump inlet, which allows pressure to force liquid or fluid from the reservoir to the pump. Then its mechanical action delivers this liquid to the pump outlet and forces it into the hydraulic systems. Factors such as rapid growth of automobile & industrial sectors, increasing shift towards automation, technological advancements, growing mining activities and increasing constructions activities around the globe are propelling the market growth. However, high maintenance cost over the entire lifespan is restraining the market.

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Amongst Product Type, gear pumps are expected to have ample growth during the forecast period. Gear pumps are the simplest and are most commonly used hydraulic pumps as they hey require less maintenance and are economical. These pumps are the majorly used in a variety of industrial and mobile applications. They are widely used in the construction machinery, agricultural machinery, mining equipment, automotive sector, and manufacturing industries.

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Product Types Covered:
• Variable Displacement
• Fixed Displacement

Operations Covered:
• Electro-Hydraulic
• Hydraulic

Applications Covered:
• Mobility
• Industrial Machine
• Beverage Dispenser
• Machine Tools
• Engineering Vehicle
• Power Generation
• Heating, Ventilation, and Air Conditioning (HVAC)
• Water and Waste Water
• Other Applications

End Users Covered:
• Pharmaceuticals
• Metallurgy
• Pulp & Paper
• Oil, Gas & Shipping Industry
• Earthmoving
• Automotive & Transportation Industry
• Chemicals and Petrochemicals
• Material Handling
• Aerospace and defense
• Food & Beverages
• Plastics
• Textiles
• Other End Users

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period

Contact Info:
Name: Sadhana Shukla
Email: Send Email
Organization: Syngene Market Research Reports
Website: https://www.strategymrc.com/

Release ID: 88906250

CONTACT ISSUER
Name: Sadhana Shukla
Email: Send Email
Organization: Syngene Market Research Reports
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