Hydraulic Pumps Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027 - PowerPoint PPT Presentation

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Hydraulic Pumps Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

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The global hydraulic pumps market size was accounted for over USD 9.5 billion in 2019 and expected to grow at a significant CAGR of 4.7% during the forecast period 2020 to 2027. The growing construction industry, rising demand in automobile, and an increase in oil drilling are some major factors to drive the market. Furthermore, the increasing dependence of the water supply on hydraulic pumps and high preference for sustainable equipment are some other factors to propel the market over the forecast period. The growing demand for renewable energy is an emerging trend of the market. However, lack of awareness of hydraulic pumps and high maintenance cost are some factors to hinder the market. – PowerPoint PPT presentation

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