Market Share of Fluid Power Equipment Industry
The fluid power equipment market is moderately consolidated, with a few significant companies like Bosch-Rexroth AG, Danfoss AS, Eaton Corporation, Festo AG, SMC Corporation, Emerson Electric Co., and Schlumberger Limited. The companies continuously invest in strategic partnerships and product developments to gain more market share.
In December 2021, Danfoss Power Solutions introduced a multi-axis steering for OEMs to improve the maneuverability and productivity of farm and construction equipment. The system enables tighter turns and high-visibility crabbing. The technology is rooted in a software-driven electro-hydraulic valve that allows on-the-go independent control of a vehicle's front and rear axles from the cab. The technology is used on tractors in European vineyards and on construction and material handling equipment in the European Union.
In May 2021, Bosch Rexroth launched a fast and power-dense Hägglunds Atom hydraulic motor. The Hägglunds Atom replaces the existing Hägglunds CAb, delivering not only more revolutions per minute, but also more powerful than motors of similar size. The result is a tiny, power-dense package that is ideal for mobile, marine, and recycling applications.
Fluid Power Equipment Market Leaders
Bosch-Rexroth AG
Danfoss AS
Eaton Corporation
Festo AG
SMC Corporation
*Disclaimer: Major Players sorted in no particular order
