The Future of Industrial Hydraulic Equipment Market
Executive Summary The global industrial hydraulic equipment market is a backbone of modern industrial operations, powering machinery in construction, mining, agriculture, energy, manufacturing, and logistics. As industries undergo automation, electrification, and sustainability-driven transitions, hydraulic systems remain essential for high-power, high-load, and precision applications where alternatives like electromechanical systems cannot yet compete. The market size (2024) is estimated at $45-55 billion , with a projected compound annual growth rate (CAGR) of 4-6% through 2030 . Growth will be shaped by infrastructure development, renewable energy expansion, smart manufacturing initiatives, and advancements in fluid power efficiency. Key Market Drivers Infrastructure & construction boom: Ongoing megaprojects in Asia, the Middle East, and Africa drive demand for hydraulic excavators, cranes, and loaders. Renewable energy & offshore projects...