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Hydraulic Pumps Market Size To Reach $13.69Bn By 2030

Hydraulic Pumps Market Size To Reach $13.69 Billion By 2030

February 2025 | Report Format: Electronic (PDF)

Hydraulic Pumps Market Growth & Trends

The global hydraulic pumps market size is anticipated to reach USD 13.69 billion by 2030 and is projected to grow at a CAGR of 3.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market has been witnessing significant growth, driven by increasing industrialization and the expansion of industries such as construction, automotive, agriculture, and manufacturing. Hydraulic pumps are critical components in systems that rely on fluid power for heavy lifting, mechanical movement, and other tasks. In the construction sector, for instance, hydraulic pumps power equipment such as cranes, excavators, and bulldozers, making them indispensable. The rising demand for such machinery in developing economies is contributing to market growth, with companies in countries like China and India driving considerable demand.

Another key trend in the market for hydraulic pumps is the ongoing push towards energy efficiency and environmentally sustainable solutions. Manufacturers are innovating to design pumps that minimize energy consumption while maximizing performance. Variable displacement pumps, which adjust the flow of fluid based on the system’s needs, are one such example. These pumps are being widely adopted in industries looking to reduce their carbon footprint while maintaining high operational standards. In the agricultural industry, for instance, precision farming machines using hydraulic pumps with energy-efficient features are becoming more popular, as they allow farmers to optimize resource use and reduce environmental impact.

The demand for hydraulic pumps is also being bolstered by the growth of automation and robotics in industries such as manufacturing. Automation systems require hydraulic pumps to power robotic arms, conveyors, and other machinery used in precision tasks. For instance, in automotive manufacturing, hydraulic systems are used for stamping presses and assembly lines to create high-volume production of vehicle parts. As automation technology advances, the need for high-performance hydraulic pumps capable of maintaining continuous operations in complex systems becomes even more critical.

Furthermore, advancements in hydraulic pump technologies, such as the integration of IoT and smart systems, are transforming the market. Sensors embedded in hydraulic systems can monitor pump performance in real-time, detecting faults before they lead to costly downtime. For example, predictive maintenance techniques are being adopted in industries such as mining, where heavy-duty machinery relies on hydraulic pumps. These technologies enable companies to reduce maintenance costs, improve reliability, and extend the lifespan of their equipment, making them attractive to industries that require high uptime and operational efficiency. As these innovations continue, the market is expected to evolve, with further opportunities for growth and demand across a variety of sectors.

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Hydraulic Pumps Market Report Highlights

In 2024, the gear pump type segment dominated the market, accounting for 39.6% of the total revenue share. The demand for gear pump hydraulic pumps is driven by industries such as construction, manufacturing, and automotive, which require reliable, efficient fluid power solutions.
Hydraulic pumps with up to 3000 PSI operating pressure are in high demand for heavy-duty industrial applications, such as mining, agriculture, and construction. These pumps provide the power and reliability required for demanding tasks involving high-pressure fluid systems.
Hydraulic pumps are essential in the construction industry, powering equipment like excavators, cranes, and concrete pumps. They enable precise control of heavy machinery, enhancing efficiency and safety on construction sites.
The Asia Pacific market for hydraulic pumps is experiencing growth due to increased industrialization and infrastructure development. Rising demand in sectors like construction, manufacturing, and automotive is driving innovations in pump technology and efficiency.
In January 2024, Grundfos introduced its new SP 6-inch hydraulic pump designed for groundwater pumping. This next-generation SP pump features optimized, reliable hydraulics, enhanced energy efficiency, cost savings, and an extended product lifespan.