Hydraulic Power Unit Market Size

Hydraulic Power Unit Market size was over USD 12.9 Billion in 2023 and is likely to reach USD 24.59 Billion by the end of 2036, witnessing around 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hydraulic power unit is assessed at USD 13.61 Billion.. HPUs are essential components in industrial automation and manufacturing processes. As industries continue to automate their operations for increased efficiency and precision, the demand for HPUs to power hydraulic machinery and equipment used in these processes increases.

Hydraulic systems are integral to modern agricultural machinery, including tractors, combines, and sprayers. As agriculture becomes more mechanized and technologically advanced, the demand for these machines and the HPUs that power them increases. Hydraulic systems provide the power needed to raise, lower, and move heavy components of agricultural machinery. This allows for more precise control over farming operations, allowing for greater efficiency and productivity on the farm.