Hydraulic Intensifier Market size is expected to cross USD 71 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of hydraulic intensifier was over USD 43 Billion. The growth of the market is due to the expansion of urbanization. Approximately 4.4 billion people, or 56% of the world's population, live in cities today. By 2050, over seven out of ten people will live in cities as a result of this trend, with the urban population predicted to have more than doubled from its current level.
In addition, the industry is expected to rise as a result of rising investments in infrastructure development. Governments everywhere are making significant investments in the construction of infrastructure, especially in emerging nations. Due to this, demand for machinery and construction equipment, particularly hydraulic intensifiers, has increased dramatically, propelling market expansion.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 4% |
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Base Year Market Size (2023) |
~ USD 43 Billion |
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Forecast Year Market Size (2036) |
~ USD 71 Billion |
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Regional Scope |
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End Users (Construction, Petrochemical, Power & Energy, Auto Industry, Machine Manufacturing)
The construction segment is anticipated to hold 28% share of the global hydraulic intensifier market during the forecast period. The segment is expanding as a result of rising construction activity around the globe, which is being fuelled by population, and infrastructure development After an estimated 2.5 billion people in 1950, the world's population increased to 8.0 billion in mid-November 2022, with an additional 1 billion since 2010 and 2 billion since 1998. Hydraulic intensifiers and other powerful and effective hydraulic systems are essential for increasingly complicated and demanding building projects. These devices supply the pressure and force required for a variety of construction tasks, such as drilling, cutting, and lifting big objects. Furthermore, precise and safe hydraulic systems are necessary for the construction of high-rise buildings and tunnels, which are examples of the technological and methodological breakthroughs in the field. The construction sector is aware of how hydraulic intensifiers can increase performance, decrease manual labour requirements, and improve productivity. As a result, the market for hydraulic intensifiers is still expanding.
Product (Gas, Liquid)
The liquid segment in the hydraulic intensifier market is projected to hold largest market share of about 55% by the end of 2036. The growth of the segment is because liquid pressure is increased via hydraulic intensifiers. They are used in industrial liquid processing, water jet cutting machines, and hydraulic systems, among other applications.
Our in-depth analysis of the global hydraulic intensifier market includes the following segments:
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Product |
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End Users |
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Pressure Range |
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APAC Market Forecast
Hydraulic intensifier market in the Asia Pacific region is attributed to hold the largest market share of about 30% during the forecast period. Growing industrialization in emerging economies and the need to feed Asia Pacific's burgeoning population are driving the expansion of the building and agricultural sectors, which in turn is driving up demand for hydraulic intensifiers used in construction and agricultural machinery. China has a whopping 1.4 billion people living in its entire population as of 2021, making it the most populous nation in the Asia-Pacific area. In comparison, the population of Micronesia was approximately 120,000 in the same year. The massive COVID-19 epidemic in the area has resulted in a notable decline in these niche industries. The supply has been significantly impacted by the widespread market chain. Expanding offshore exploration for oil and gas will boost the market in the area, as the use of robot-operated vehicles, or ROVs, for exploratory purposes grows, so do its sales is also expected to increase in lockstep with it.
North American Market Statistics
The hydraulic intensifier market in the North America region is expected to hold second second-largest market share of about 27%. The USA is one of the leading markets for hydraulic intensifiers owing to agriculture, oil and gas, firefighting, military equipment, drilling and mining applications, and automobiles as the main drivers of sales in the United States. The development of these items in the USA will be largely driven by increased development activities.
Author Credits: Rushikesh, Richa Gupta
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