Report : Middle East & Africa Hydraulic Pumps Market Forecast to 2030 - Regional Analysis - by Type (Gear Pump, Piston Pump, and Vane Pump) and Application (Construction, Commercial Vehicles, Agriculture Vehicles, Aerospace, and Others)
At 3.0% CAGR, Middle East & Africa Hydraulic Pumps Market is Projected to be Worth US$ 539.48 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa hydraulic pumps market was valued at US$ 424.97 million in 2022 and is expected to reach US$ 539.48 million by 2030, registering a CAGR of 3.0% from 2022 to 2030. Increasing demand for digital pumps and growing wastewater treatment projects are among the critical factors attributed to drive the Middle East & Africa hydraulic pumps market growth.
Increasing demand for smart solutions among consumers encourages manufacturers to develop smart hydraulic pumps. The digital displacement pump is the only digitally controlled pump for the hydraulic machinery industry. The pump offers significant benefits to the users such as precise control, remote monitoring, reducing energy consumption, and eliminating maintenance costs, which increases its adoption among consumers. Digital displacement pump controllers can individually activate each piston, making them electronically variable and resulting in fast and controlled flow accurately. Digital pumps have a unique radial pump designed to handle full and part loads efficiently. Additionally, the pumps offer superior controllability with the fastest response time to the users, which is driving the demand for digital pumps.
Digital displacement pumps offer substantial features and benefits to both original equipment manufacturers (OEMs) and operators. Digital hydraulic pumps unlock unrivaled system efficiencies with a short payback period. They reduce CO2 emissions and encourage organizations to keep themselves one step ahead of the competition. The pump is a highly compact and versatile solution that enables controlling, easy performance monitoring, and diagnostics of vehicle performance, which increases its adoption among OEMs in automotive, mining, agriculture, and other industries. Moreover, digital displacement pumps support operators in tackling the total cost of ownership and energy requirements, increasing productivity, and reducing cycle times. They also provide precise control over machine handling by limiting emissions and high-frequency noise.
On the contrary, high cost and complexities associated with hydraulic pumps hamper the growth of Middle East & Africa hydraulic pumps market.
Based on type, the Middle East & Africa hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held 51.5% market share in 2022, amassing US$ 218.85 million. It is projected to garner US$ 287.61 million by 2030 to register 3.5% CAGR during 2022-2030.
In terms of application, the Middle East & Africa hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held 36.8% share of Middle East & Africa hydraulic pumps market in 2022, amassing US$ 156.60 million. It is anticipated to garner US$ 208.82 million by 2030 to expand at 3.7% CAGR during 2022-2030.
Based on country, the Middle East & Africa hydraulic pumps market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 33.3% share of Middle East & Africa hydraulic pumps market in 2022. It was assessed at US$ 141.47 million in 2022 and is likely to hit US$ 189.08 million by 2030, registering a CAGR of 3.7% during 2022-2030.
Key players operating in the Middle East & Africa hydraulic pumps market are Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, Daikin Industries Ltd, and Bucher Hydraulics GmbH, among others.
- In 2023, Danfoss Power Solutions has introduced the latest in its H1 series of pumps and motors, the new H1F fixed-displacement bent-axis hydraulic motor. The new motor is designed for both open- and closed-circuit applications in agricultural, construction, and forestry machines.
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