Fluid Power Pump And Motor Market Research Report By Type (Positive Displacement Pumps, Dynamic Pumps, Motors), By Pressure Rating (Low Pressure (up to 10 bar), Medium Pressure (10-100 bar), High Pressure (over 100 bar)), By Power Source (Electric, Hydraulic, Pneumatic), By Industry (Industrial Machinery, Mobile Equipment, Automotive, Aerospace & Defense) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Fluid Power Pump And Motor Market Overview:

As per MRFR analysis, the Fluid Power Pump And Motor Market Size was estimated at 44.73 (USD Billion) in 2022. The Fluid Power Pump And Motor Market Industry is expected to grow from 47.03(USD Billion) in 2023 to 73.8 (USD Billion) by 2032. The Fluid Power Pump And Motor Market CAGR (growth rate) is expected to be around 5.13% during the forecast period (2024 - 2032).

Key Fluid Power Pump And Motor Market Trends Highlighted

Fluid power pumps and motors market key order winners and market drivers include the increasing need to save on energy costs, an increase in industrial activities such as automation, and hydraulic systems being utilized more in other forms. There exists room for market expansion through new designs of the pumps, new materials, new technologies and moving out to new markets.

Fluid power pump and motor market trends noticed over the last few years include variable displacement pump applications, intelligent control systems, sensors and monitoring systems within the equipment. These trends emerged due to the desire to enhance the operational efficiency of the systems, minimize energy costs, and enhance dependability.

The fluid power pump and motor market is also projected to be impacted by various new incoming technologies, such as additive manufacturing and the Internet of Things. Additive manufacturing allows for the making of unique and intricate but specialist parts, whereas the power systems become controllable via the Internet. This is expected to contribute positively to the market in the next few years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fluid Power Pump And Motor Market Drivers

Rising Demand for Fluid Power Systems in Industrial Automation

As industries like manufacturing, automotive, aerospace and many others are implementing more and more automation technologies, the market for fluid power systems is also increasing. With power and motion primarily provided by fluid power, then almost any range of motion machines can be automated to work with pumps and motors and include a lot of control. They are very effective when great loose and accurate motion control systems are required. Since mechanization and automation of processes aimed at increasing productivity and efficiency in enterprises remain in vogue, the market for fluid power pumps and motors will continue to grow even in the foreseeable future.

Technological Advancements in Fluid Power Components

The Fluid Power Pump And Motor Market Industry is witnessing significant advancements in fluid power technology. Manufacturers are focusing on developing more efficient, compact, and environmentally friendly fluid power components. The introduction of new materials, such as lightweight alloys and advanced polymers, is enabling the production of pumps and motors with improved performance and durability. Additionally, the integration of sensors and electronics into fluid power systems is enhancing their controllability and monitoring capabilities.

Growing Popularity of Electric and Hybrid Vehicles

The increasing popularity of electric and hybrid vehicles results in new opportunities for fluid power pumps and motors. Electric and hybrid vehicles need fluid power systems to operate equipment, including power steering, brakes, and suspension systems. The advanced demand for electric and hybrid vehicles will increase the need for certain types of fluid power pumps and motors.

Fluid Power Pump And Motor Market Segment Insights:

Fluid Power Pump And Motor Market Type Insights

Type Segment Insight and Overview As per the type, the Fluid Power Pump And Motor Market is categorized into three groups, including dynamic pumps, positive displacement pumps, and motors. Positive displacement pumps registered the largest market share in 2023, reaching nearly 55% of the global revenue. The significance of positive displacement pumps is due to their ability to deliver a consistent flow rate despite the pressures, along with the suitability of these pumps in high-pressure, low-flow, and customizable applications. Positive displacement pumps are classified into different types, such as gear pumps, vane pumps, and piston pumps.Gear pumps are frequently used in industrial applications as they are highly efficient, simple in design, and effective in handling high-viscosity fluids. On the other hand, vane pumps are known for their self-priming and quiet operational features and are, thus, fitting for applications like flush transfer, bulk transport, and lubrication systems, to name a few. In addition, given the high pressure and flow rate, piston pumps are most frequently used in hydraulic systems and power plants. In 2023, dynamic pumps held nearly 40% of the overall Fluid Power Pump and Motor Market share.These pumps work based on the centrifugal forces applied to move the fluids with the overall handling of large flow rates at relatively low pressures. The most common type of dynamic pump includes centrifugal pumps, which are, in turn, used in several industries, including water/wastewater treatment, power generation, and chemical processing. Motors hold the rest of the market share, and this equipment is mainly used for converting electrical energy into mechanical energy for the operation of fluid power systems. AC induction motors, DC motors, and servo motors are common among electric motors.The choice of motor depends on factors like the power requirement, speed control requirement, the surrounding application, the nature of industries, and others. Since the demand for fluid power systems in several industries, especially in the manufacturing, construction, and energy sectors, is on the rise, the Fluid Power Pump And Motor Market is rapidly increasing. Furthermore, technological innovations, including energy efficient pumps and motors, are additionally driving the market growth. Overall, the Fluid Power Pump And Motor Market is anticipated to grow at a steady growth rate, and over the forecast period, due to their wide range of applications in different sectors, positive displacement pumps are expected to continue holding the highest market share.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fluid Power Pump And Motor Market Pressure Rating Insights

The Fluid Power Pump And Motor Market is segmented by Pressure Rating into Low Pressure (up to 10 bar), Medium Pressure (10-100 bar), and High Pressure (over 100 bar). The Medium Pressure segment is expected to hold the largest share of the market in 2023, accounting for more than 40% of the Fluid Power Pump And Motor Market revenue. This is due to the increasing demand for medium-pressure pumps and motors in various industrial applications, such as construction, mining, and manufacturing. The High-Pressure segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing adoption of high-pressure systems in industries such as oil and gas and aerospace.

Fluid Power Pump And Motor Market Power Source Insights

The Fluid Power Pump And Motor Market is segmented by power source into electric, hydraulic, and pneumatic. Among these, the electric segment is expected to witness significant growth over the forecast period. The growth of the electric segment can be attributed to the increasing adoption of electric vehicles and the rising demand for energy-efficient solutions. In 2023, the electric segment accounted for a market share of around 30%, and it is projected to reach a valuation of approximately USD 22.6 billion by 2032, exhibiting a CAGR of 5.6%.

Fluid Power Pump And Motor Market Industry Insights

The rising demand for fluid power pumps and motors in various industries, including industrial machinery, mobile equipment, automotive, and aerospace defense, is driving the growth of the market. Industrial machinery is the largest end-use industry for fluid power pumps and motors, accounting for over 50% of the market share in 2023. The growth in this segment can be attributed to the increasing adoption of automation and robotics in manufacturing processes. Mobile equipment, including construction, mining, and agricultural machinery, is another major end-use industry for fluid power pumps and motors.The growing demand for mobile equipment in developing countries is expected to drive the growth of this segment in the coming years.

Fluid Power Pump And Motor Market Regional Insights

In terms of regional scope, the Fluid Power Pump And Motor Market has been segmented into North America, Europe, Asia Pacific, South America, and Middle East Africa. Among these regions, North America held the largest revenue share in 2023 and is projected to maintain its dominance throughout the forecast period. This is attributed to the presence of major end-use industries such as automotive, manufacturing, and construction in the region. Europe and Asia Pacific are expected to follow North America in terms of revenue share, with Asia Pacific expected to witness the highest growth rate during the forecast period.The growing industrialization and urbanization in developing countries within Asia Pacific are key factors driving the growth in this region. South America and Middle East Africa are expected to have a relatively smaller revenue share but are projected to grow at a steady pace during the forecast period.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fluid Power Pump And Motor Market Key Players And Competitive Insights:

The Fluid Power Pump And Motor Market market is witnessing a rise in demand for high-efficiency and energy-efficient products. As such, key Fluid Power Pump And Motor Market suppliers are actively investing in R activities to improve their product performance and durability. Moreover, leading players are expanding their global presence by entering into strategic mergers, acquisitions and collaborations. Major Fluid Power Pump And Motor Market suppliers are working towards improving their portfolio of Mineral Fluid Power Pump And Motor Market and applications.A global leader in the Fluid Power Pump And Motor Market industry is Bosch Rexroth. Bosch Rexroth provides a comprehensive range of fluid power products such as pumps, motors, valves, and cylinders. The company operates in over 80 countries and has a strong footprint worldwide. The company is known for its robust product brand and focuses on innovation and customer delivery. Bosch Rexroth serves various industries, including automotive, industrial, and mobile equipment, among others. Eaton is another leading global company in the Fluid Power Pump And Motor Market. Eaton Inc. produces a range of electrical, hydraulic, and mechanical products, diversifying its product portfolio. Their Fluid Power Pump And Motor Market product lineup includes pumps, motors, valves, and cylinders. Eaton has a global presence and operates in over 175 countries. It is known for its high-quality products and product offerings and delivers superior customer service. The company’s product portfolio includes the automotive, aerospace, and industrial sectors.

Key Companies in the Fluid Power Pump And Motor Market Include:

• Parker Hannifin Corporation


• Kawasaki Heavy Industries, Ltd.


• Fluid Power Gear


• Eaton


• Bosch Rexroth AG


• DENISON HYDRAULICS LLC


• KYB Corporation


• Sumitomo Heavy Industries, Ltd.


• Trelleborg AB


• ASV FLUID POWER S.A.


• Parker Fluidpower Technology and Systems Division


• Eckerle


• The Rexroth Corporation


• Danfoss


• EMERSON ELECTRIC CO.

Fluid Power Pump And Motor Market Industry Developments

The Fluid Power Pump And Motor Market is projected to grow from USD 47.03 billion in 2023 to USD 73.8 billion by 2032, exhibiting a CAGR of 5.13% during the forecast period. The market growth is attributed to the increasing demand for fluid power systems in various industries, such as manufacturing, construction, and mining. Additionally, the rising adoption of automation and the growing trend towards energy efficiency are driving the market growth.Recent developments in the market include the introduction of new products and technologies, such as variable displacement pumps and electric motors. These innovations are expected to further fuel the market growth in the coming years. Key players in the market include Bosch Rexroth, Eaton, Parker Hannifin, Kawasaki Heavy Industries, and Danfoss.

Fluid Power Pump And Motor Market Segmentation Insights

• Fluid Power Pump And Motor Market Type Outlook


• Positive Displacement Pumps


• Dynamic Pumps


• Motors

• Fluid Power Pump And Motor Market Pressure Rating Outlook


• Low Pressure (up to 10 bar)


• Medium Pressure (10-100 bar)


• High Pressure (over 100 bar)

• Fluid Power Pump And Motor Market Power Source Outlook


• Electric


• Hydraulic


• Pneumatic

• Fluid Power Pump And Motor Market Industry Outlook


• Industrial Machinery


• Mobile Equipment


• Automotive


• Aerospace Defense

• Fluid Power Pump And Motor Market Regional Outlook


• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa