Hydraulic Automatic Regulators Market

The article provides a detailed analysis of the global hydraulic or pneumatic automatic regulating instruments market. It forecasts a continued consumption trend with a decelerating yet expanding market performance. The report covers consumption patterns, market value and volume forecasts, growth rates, top consuming countries (Germany, China, United States), production figures, imports, and exports. Key insights include notable growth in consumption in the United States, Russia leading the market value, and China being the major producer and exporter. The article also highlights market trends in per capita consumption, production drops in certain years, import and export volumes, prices, and growth rates for major countries.

Market Forecast

Driven by increasing demand for hydraulic or pneumatic automatic regulating instruments worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 64M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.1% for the period from 2022 to 2030, which is projected to bring the market value to $60.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hydraulic Or Pneumatic Automatic Regulating Instruments

In 2022, approx. 49M units of hydraulic or pneumatic automatic regulating instruments were consumed worldwide; standing approx. at 2021. In general, the total consumption indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.7% against 2019 indices. As a result, consumption attained the peak volume of 51M units. From 2020 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global hydraulic automatic regulators market value declined to $35.1B in 2022, waning by -6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.9% against 2019 indices. As a result, consumption attained the peak level of $42.7B. From 2020 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Germany (7.3M units), China (6.5M units) and the United States (5.2M units), with a combined 39% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United States (with a CAGR of +10.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($16B) led the market, alone. The second position in the ranking was held by India ($3.7B). It was followed by the United States.

In Russia, the hydraulic automatic regulators market increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+6.7% per year) and the United States (+9.1% per year).

In 2022, the highest levels of hydraulic automatic regulators per capita consumption was registered in Germany (88 units per 1000 persons), followed by France (26 units per 1000 persons), Canada (25 units per 1000 persons) and Japan (22 units per 1000 persons), while the world average per capita consumption of hydraulic automatic regulators was estimated at 6.1 units per 1000 persons.

In Germany, hydraulic automatic regulators per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (+8.0% per year) and Canada (+4.6% per year).

Production

World Production of Hydraulic Or Pneumatic Automatic Regulating Instruments

In 2022, the amount of hydraulic or pneumatic automatic regulating instruments produced worldwide dropped modestly to 66M units, shrinking by -1.8% compared with 2021 figures. Over the period under review, production, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Global production peaked at 67M units in 2021, and then dropped modestly in the following year.

In value terms, hydraulic automatic regulators production fell slightly to $32.2B in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 94% against the previous year. Over the period under review, global production reached the peak level at $34.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of hydraulic automatic regulators production was China (24M units), comprising approx. 37% of total volume. Moreover, hydraulic automatic regulators production in China exceeded the figures recorded by the second-largest producer, Germany (12M units), twofold. The United States (5.3M units) ranked third in terms of total production with an 8% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.5%. In the other countries, the average annual rates were as follows: Germany (+3.5% per year) and the United States (+13.7% per year).

Imports

World Imports of Hydraulic Or Pneumatic Automatic Regulating Instruments

In 2022, supplies from abroad of hydraulic or pneumatic automatic regulating instruments increased by 1.1% to 10M units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. Over the period under review, global imports reached the peak figure at 11M units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hydraulic automatic regulators imports reached $1.5B in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 18%. As a result, imports reached the peak of $1.6B. From 2018 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

In 2022, Turkey (1,124K units), the United Arab Emirates (805K units), China (742K units), Germany (730K units), Italy (550K units), Spain (457K units), Malaysia (417K units), the United States (359K units), Thailand (350K units), Japan (332K units), Iran (314K units) and the UK (289K units) represented the major importer of hydraulic or pneumatic automatic regulating instruments in the world, achieving 65% of total import. Mexico (237K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +38.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($212M), China ($149M) and Turkey ($139M) appeared to be the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. Italy, Spain, Japan, the United States, the UK, Mexico, the United Arab Emirates, Malaysia, Thailand and Iran lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Spain, with a CAGR of +14.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average hydraulic automatic regulators import price stood at $153 per unit in 2022, picking up by 7.7% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average import price increased by 43%. Global import price peaked at $209 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($290 per unit), while Iran ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hydraulic Or Pneumatic Automatic Regulating Instruments

Global hydraulic automatic regulators exports dropped modestly to 27M units in 2022, shrinking by -2.5% against 2021. Over the period under review, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by 191%. The global exports peaked at 28M units in 2021, and then shrank modestly in the following year.

In value terms, hydraulic automatic regulators exports rose notably to $2.5B in 2022. The total export value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 23%. As a result, the exports reached the peak of $2.7B. From 2018 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

China was the major exporter of hydraulic or pneumatic automatic regulating instruments in the world, with the volume of exports finishing at 19M units, which was near 68% of total exports in 2022. Germany (5M units) took the second position in the ranking, distantly followed by France (1.3M units). All these countries together took approx. 23% share of total exports. The United States (454K units) held a minor share of total exports.

Exports from China increased at an average annual rate of +1.1% from 2012 to 2022. At the same time, France (+16.1%), Germany (+12.7%) and the United States (+2.9%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.1% from 2012-2022. From 2012 to 2022, the share of Germany and France increased by +11 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($1.4B) remains the largest hydraulic automatic regulators supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by France ($329M), with a 13% share of global exports. It was followed by China, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +4.4%. In the other countries, the average annual rates were as follows: France (+6.7% per year) and China (+4.6% per year).

Export Prices By Country

In 2022, the average hydraulic automatic regulators export price amounted to $93 per unit, picking up by 10% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 225% against the previous year. Over the period under review, the average export prices hit record highs at $372 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($287 per unit), while China ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform