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The hydraulic pumps market size is forecast to increase by USD 2.77 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the surge in oil and gas exploration activities, particularly in unconventional resources such as shale and tight formations. Another key trend is the increasing adoption of fire-resistant hydraulic fluids (FRHFs) in various industries, including oil and gas, mining, and construction, to ensure safety and prevent equipment damage. However, deferred oil and gas investments and projects due to economic uncertainties and low commodity prices pose challenges to market growth. Energy efficient pumps are also gaining traction in infrastructure projects, material handling where energy consumption is a major concern. Despite these challenges, the market is expected to continue expanding, fueled by the rising demand for hydraulic systems in various end-use industries and the ongoing development of advanced hydraulic technologies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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