Hydraulic Intensifier Market Size & Share, by Product (Gas, Liquid); End Users (Construction, Petrochemical, Power & Energy, Auto Industry, Machine Manufacturing); Pressure Range (Below 2000, 2000 To 10000, Above 10000) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5442
  • Published Date: Dec 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Hydraulic Intensifiers Market
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Hydraulic Intensifier Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 4%

Base Year Market Size (2023)

 ~ USD 43 Billion

Forecast Year Market Size (2036)

 ~ USD 71 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Hydraulic Intensifier Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increasing Demand for Renewable Energy Sources- Hydraulic intensifiers are utilized in hydraulic power generating systems, and demand for them is rising as clean and renewable energy sources gain more attention. As a result, the proportion of renewable energy in the world's electrical generation increased from 27% in 2019 to 29% in 2020. For instance, the use of hydraulic intensifiers in hydropower generation increases energy conversion efficiency and lowers the cost of producing energy. According to research, hydropower systems produced more than 4400 TWh of electricity worldwide in 2020.
  • Requirement for Increased Industry Safety- In many different industries' safety systems, such as mining and construction, hydraulic intensifiers are employed. The market for hydraulic intensifiers is predicted to develop as a result of the growing emphasis on workplace safety and the resulting need for hydraulic intensifiers in safety systems. Each year, there are about 160 million cases of work-related illnesses and 340 million occupational accidents worldwide.
  • Increasing Need for Accuracy in Manufacturing- Enhanced accuracy and precision are achieved by the use of hydraulic intensifiers in manufacturing processes, which raises output and efficiency. The market is anticipated to increase as a result of the rising need for hydraulic intensifiers due to the growing need for precision in manufacturing. Worldwide, precision machining has fundamentally altered how organizations and sectors operate. It currently controls 70% of the world's machining business, an astonishing statistic mostly attributable to the many benefits it provides.
  • Technological Developments in Hydraulic Intensifiers- Technological developments in hydraulic intensifiers have produced high-performing, energy-efficient devices that are also more dependable and long-lasting. The need for hydraulic intensifiers is rising across a range of sectors due to these technological improvements.

Challenges

  • High Initial Cost- Due to their high initial costs, which can make it difficult for some enterprises to invest in them, hydraulic intensifiers may be a barrier to market expansion. Furthermore, routine upkeep and repairs are necessary for hydraulic intensifiers to guarantee peak performance. Businesses may incur higher total operational costs as a result of this.
  • Complexity of installation and maintenance may cause hindrance to the growth of the market.
  • It is predicted that supply chain disruptions brought on by the COVID outbreak will impede market expansion.


Hydraulic Intensifier Segmentation

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:

          Product  

  • Gas
  • Liquid  

          End Users

  • Construction
  • Petrochemical
  • Power & Energy
  • Auto Industry
  • Machine Manufacturing

          Pressure Range

  • Below 2000
  • 2000 to 10000
  • Above 10000

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Hydraulic Intensifier Industry - Regional Synopsis

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.

Research Nester
Hydraulic Intensifiers Market size
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Companies Dominating the Hydraulic Intensifier Landscape

top-features-companies
    • Dynaset oy
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hydac International
    • Parker-Hannifin Corporation
    • Eaton Corporation
    • Flowfit
    • DYNEX
    • Bosch Rexroth Group
    • PacSeal Hydraulics
    • Interface devices, Inc.

In-the-news

In The News

  • June 2023: Count on HYDAC as your reliable partner for hydraulic solutions in power plants. Optimal conditioning for fire-resistant operating fluids with innovative plug & play product solutions. Process reliability in electrical energy production and reliable system availability are essential for your power plant to operate competitively. Downtime comes with high costs – and unanticipated repairs – and should therefore be avoided wherever possible. This calls for well-coordinated systems and service products that satisfy the requirements of your plant as well as predictive maintenance with an experienced service partner's expertise.
  • March 2023: IFPE wrap-up: Parker Hannifin features electric-hydraulic hybrid solutions. Parker Hannifin showcased a variety of technologies at IFPE 2023. The booth featured new and evolved products in their smart electrification technology portfolio aimed at enabling battery-powered machines. Though Parker is known for hydraulics, the company has been creating electric components and integrating hydraulics into electric systems for almost 40 years.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5442
  • Published Date: Dec 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing investment, urbanization and industrialization are the major factors driving the growth of the hydraulic intensifier market.

The market size of hydraulic intensifier is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are Hydac International, Parker-Hannifin Corporation, Eaton Corporation, Flowfit, DYNEX, Bosch Rexroth Group, PacSeal Hydraulics, Interface devices, Inc., and others.

The construction segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Hydraulic Intensifier Market Report Scope
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