Global Electro-hydraulic Pumps Market size was valued at USD 11,827.2 Million in 2024 and is expected to reach USD 22,856.6 Million by 2033, at a CAGR of 6.55% during the forecast period 2024 – 2033.
Electro-hydraulic Pumps Market: Overview
Electrohydraulic pumps, which combine an electric motor with a hydraulic pump, efficiently convert electrical energy into hydraulic energy, making them ideal for various industries such as automotive, aerospace, construction, and manufacturing.
These pumps are known for their precision, control, and energy efficiency, particularly in applications requiring variable pressure and flow rates, providing advantages over traditional hydraulic systems.
The market dynamics are driven by several factors. A significant driver is the increasing demand for energy-efficient systems. Electrohydraulic pumps offer superior efficiency compared to traditional hydraulic systems, leading to lower energy consumption and reduced operational costs, which is crucial in industries like manufacturing and automotive where energy usage is substantial.
For instance, manufacturing industries consume about 25% of the U.S. energy, and improvements in hydraulic systems can notably reduce this consumption. Additionally, the expansion of electric and hybrid vehicles drives market growth.
These vehicles utilize electrohydraulic pumps for their precise control and fuel efficiency benefits. The International Energy Agency (IEA) reported that the global electric car stock exceeded 10 million in 2020, a 43% increase from 2019, and this growth is expected to continue, further boosting the demand for electrohydraulic pumps.
However, the market faces restraints such as high initial costs and technical complexity. The advanced technologies and materials required for these pumps increase their price compared to traditional systems, posing a barrier for small and medium-sized enterprises (SMEs).
The European Commission noted that high capital costs often hinder technology adoption among smaller firms. Furthermore, the complexity of electrohydraulic systems necessitates specialized knowledge for installation, operation, and maintenance, which can be challenging for industries with limited technical expertise.
Regular maintenance is also required to ensure optimal performance, increasing operational costs and downtime. The International Federation of Robotics highlighted that companies often struggle with maintaining advanced automated systems due to a shortage of skilled technicians, affecting the broader adoption of electrohydraulic pumps.
Despite these challenges, there are significant market opportunities. Advancements in smart and connected technologies, such as the Internet of Things (IoT), present considerable potential. Smart electrohydraulic pumps equipped with sensors and connectivity features can provide real-time data on system performance, enabling predictive maintenance and reducing downtime.
The global shift towards Industry 4.0, characterized by automation and data exchange in manufacturing, supports the adoption of such advanced systems. The World Economic Forum projects substantial growth in the Industry 4.0 market, creating a favorable environment for smart electrohydraulic pumps. Additionally, the growing number of construction and infrastructure projects globally offers immense opportunities.
These pumps are essential in construction equipment due to their efficiency and control. The Global Infrastructure Hub estimates that global infrastructure investment needs will reach $94 trillion by 2040, driven by urbanization and economic development, leading to increased demand for advanced hydraulic systems.
The market segmentation analysis reveals that permanent magnet motors held the highest market share in 2023 due to their superior efficiency and performance, making them ideal for applications requiring high precision and reliability, such as electric power steering and various industrial machinery.
Variable displacement electrohydraulic pumps are the fastest-growing segment due to their adaptability and energy-saving capabilities. The push towards smart and adaptive systems in Industry 4.0 further accelerates their growth. In terms of end use, electric power steering held the highest market share in 2023, driven by the automotive industry’s shift towards electrification and advanced driver-assistance systems.
The electro-hydraulic system and circuits subsegment is growing rapidly due to the expanding use of automated and smart hydraulic systems in industrial applications. The construction segment held the highest market share in 2023, driven by the extensive use of electrohydraulic pumps in construction machinery and equipment.
The agricultural equipment subsegment is the fastest growing, driven by the increasing adoption of precision farming and advanced agricultural machinery.
Regionally, North America leads the global electrohydraulic pump market, driven by its advanced industrial base and significant investments in the automotive and manufacturing sectors. The U.S., in particular, has a robust automotive industry focused on improving fuel efficiency and vehicle performance, spurring demand for electrohydraulic pumps.
Additionally, the high adoption of advanced technologies in the manufacturing sector and government initiatives promoting energy efficiency contribute to North America’s strong market position. The Asia Pacific region is the fastest-growing market due to rapid industrialization and urbanization.
Countries like China, India, and Japan are experiencing significant growth in infrastructure projects and automotive production, driving demand for advanced hydraulic systems. The automotive industry in Asia Pacific is expanding rapidly, with increasing production of both conventional and electric vehicles.
China’s government’s push for electric vehicles, as part of its strategy to reduce pollution and fossil fuel dependency, further accelerates market growth. The region’s manufacturing sector is also embracing automation and advanced manufacturing technologies, with countries like Japan and South Korea leading in industrial robotics and smart manufacturing.
The growing trend of Industry 4.0 and the integration of IoT in manufacturing processes drive the rapid adoption of electrohydraulic pumps in this region.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 11,827.2 Million |
| Projected Market Size in 2033 | USD 22,856.6 Million |
| Market Size in 2023 | USD 11,200 Million |
| CAGR Growth Rate | 6.55% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, End Use, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed the Global Electro-hydraulic Pumps market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Electro-hydraulic Pumps industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players ate studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.
List of the prominent players in the Electro-hydraulic Pumps Market:
- Bosch Rexroth
- Bucher Hydraulics
- Danfoss Power Solutions
- Duplomatic Toselli
- Eaton
- Flowserve (United States)
- HAWE Hydraulik
- Hengli Hydraulic (China)
- Hydac International
- Hydro-Line
- Interpump Group
- Linde Hydraulics (Germany)
- Moog
- Nachi (Japan)
- Nachi (Japan)
- Parker Hannifin
- Penta KYB (Japan)
- PSG Dover (United States)
- Sun Hydraulics (United States)
- Tolomatic
- Others
The Electro-hydraulic Pumps Market is segmented as follows:
By Type
- Wound Field Motors
- Permanent Magnet Motors
- Variable Displacement
By End Use
- Electric power steering
- Electro-Hydraulic system and circuits
- Metal Forming
By Application
- Buses and coaches and Vocational vehicles
- Construction
- Agricultural equipment
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America