The Global Electrohydraulic Pumps Market size was estimated at $1327 Million in 2022 and is expected to reach $3530 Million by 2030, growing at a CAGR of 9.24% during the forecast period of 2022 to 2030.
A more recent variation of the hydraulic pump that consumes less fuel and produces less pollution is the electro-hydraulic pump. Due to the numerous uses for electro-hydraulic pumps in electric power steering and electro-hydraulic systems and circuits, the market for these pumps is expanding. Furthermore, the development of the electrohydraulic pumps market is fueled by technological breakthroughs and a greater understanding of the properties of these pumps. The demand for electro-hydraulic pumps has increased in a range of applications due to the benefits associated with these pumps, such as silent operation, high dependability and flexibility, reduced emissions, and high performance, which is driving the growth of the electro-hydraulic pumps market.
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Because electro-hydraulic pumps are more effective than conventional pumps, there has been a shift toward using them, which has impacted the growth of the electro-hydraulic pumps market during the course of the forecast period. Due to the rising demand for electrohydraulic pumps across a range of applications, including electric power steering and electro-hydraulic systems and circuits, the market for these pumps is anticipated to expand quickly during the forecasted period. The decline in oil prices over the past few years, for example, has had a substantial impact on the pump industry and is predicted to slow the global market for electrohydraulic pumps.
Due to their power-on-demand functionality, electrohydraulic pumps only operate when flow and pressure are required for job-related tasks. This is another major factor that is anticipated to fuel the global market for electrohydraulic pumps. Additionally, electrohydraulic solutions are becoming more popular among equipment manufacturers, which is expected to drive the market in the ensuing years. This is as a result of electrohydraulic pumps being up to 80% more effective than conventional pumps. Electrohydraulic pumps can control the volume and direction of hydraulic flow by modifying the speed and direction of the electric motor. This is anticipated to fuel the demand for electrohydraulic pumps worldwide.
Major Segments Covered in Electrohydraulic Pumps Market Research:
Market Key Players:
Bosch Rexroth AG
Allied Motion
Parker Hannifin Corporation
Vetus Inc.
Cembre S.p.A.
Rittal Inc.
Hansa-tmp srl
Gemini Power Hydraulics Private Limited
Mile-X Equipment Inc.
Intercable GmbH
By Type:
Wound Field Motors
Permanent Magnet Motors
Others
Wound Field Motors: Wound field motors use a wound coil to create a magnetic field. They offer high control and are used in industrial applications requiring precise control and high power output.
Permanent Magnet Motors: Permanent magnet motors utilize permanent magnets to generate the magnetic field. They are known for their high efficiency, compact size, and lightweight design. Commonly used in electric vehicles, robotics, appliances, and renewable energy systems.
Others:
Induction Motors: Use electromagnetic induction and are robust and reliable. Commonly used in industrial and commercial applications.
Brushless DC Motors: Utilize permanent magnets and offer improved efficiency and reduced maintenance. Widely used in consumer electronics, automotive systems, and aerospace.
Stepper Motors: Move in discrete steps for precise positioning control. Used in applications like 3D printers, CNC machines, and robotics.
Linear Motors: Convert electrical energy into linear motion directly, without rotational-to-linear conversion mechanisms. Found in transportation, factory automation, and medical equipment.
By Application:
Electric Power Steering
Electro-Hydraulic Systems and Circuits
Electric Power Steering (EPS): Electric Power Steering is a steering system that uses an electric motor to assist the driver in steering the vehicle. Instead of relying on traditional hydraulic systems, EPS uses sensors and a control module to detect steering input and provide appropriate assistance. The electric motor assists the steering effort by applying torque to the steering column or directly to the steering mechanism. EPS offers benefits such as improved fuel efficiency, customizable steering feel, and integration with advanced driver assistance systems.
Electro-Hydraulic Systems and Circuits: Electro-Hydraulic Systems combine electrical and hydraulic components to perform various functions in industries and machinery. These systems typically consist of an electric motor, hydraulic pump, valves, and actuators. The electrical component controls the hydraulic system by regulating the flow of hydraulic fluid or adjusting pressure levels. Electro-Hydraulic circuits are designed to control the direction, speed, and force of hydraulic actuators based on electrical signals. They are widely used in applications such as construction equipment, material handling, and industrial machinery for precise control and efficient operation. Electro-Hydraulic systems offer advantages such as adjustable force and speed, high power density, and the ability to handle heavy loads.
Important Points from this Electrohydraulic Pumps Market Report
- Estimate Electrohydraulic Pumps market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market – challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Electrohydraulic Pumps market entropy – M&A’s, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor’s performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
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