Photo Credit: Altus Air Force Base
The hydraulic pump industry is one of several sections of the hydraulics industry as a whole. Hydraulic pumps are found in all hydraulic power transmission systems. These devices take mechanical energy and turn it into hydraulic energy.
A close inspection will show hydraulic pumps on nearly every industrial and mobile machine, such as mining equipment, graders, dump trucks, cranes, tractors, excavators and vacuum trucks.
They are also commonly found in industrial environments with applications in material handling, pallet jacks, steel mills and more. Some third-party estimates indicate that the global market for hydraulic pumps can reach $11.4 billion by 2024.
Introduction to the Hydraulic Pump Industry
According to MNI, compiler and publisher of the industrial data that powers IndustryNet, there are currently 93 hydraulic pump companies in the U.S. employing 3,012. The industry's current average sales are $203.3 million.
Related: How to drive down costs and improve performance of your pump applications
The U.S. South is home to the most hydraulic companies with 37, followed by the Midwest with 29. There are 26 companies making hydraulic pumps in the Northwast and 6 in the West.
Top 11 Companies in the Hydraulic Pump Industry
| Company | Employees | City | State |
|---|---|---|---|
| Eaton | 600 | Jackson | MS |
| Parker Hannifin Corp., Hydraulic Gear Pump Div. | 250 | Kings Mountain | NC |
| Mechanical Tool & Engineering Co. | 245 | Rockford | IL |
| Permco, Inc. | 120 | Streetsboro | OH |
| Eaton Corp., Hydraulics Div. | 120 | Greenwood | SC |
| Perfection Hydraulics, Inc. | 115 | Evansville | IN |
| Cross Mfg., Inc. | 100 | Hays | KS |
| CIRCOR Pumps North America, LLC | 100 | Columbia | KY |
| Oilgear Company, The | 100 | Fremont | NE |
| Parker Hannifin Corp., Hydraulic Pump Div. | 100 | Marysville | OH |
| Griffin Dewatering Corp. | 80 | Houston | TX |
About the Top Companies in the Hydraulic Pump Industry
Learn more about the largest companies in the hydraulic pump industry, based on number of employees.
1. Eaton in Jackson, MS: 600 Employees
This company produces military and commercial hydraulic pumps along with systems and motors.
2. Parker Hannifin Corp., Hydraulic Gear Pump Division in Kings Mountain, NC: 250 Employees
This company manufactures hydraulic pumps and motors.
3. Mechanical Tool & Engineering Co. in Rockford, IL: 245 Employees
This company manufactures hydraulic pumps as well as power units.
4. Permco, Inc. in Streetsboro, OH: 120 Employees
This company focuses on hydraulic gear pumps in addition to motors.
5. Eaton Corp., Hydraulics Div. in Greenwood, SC: 120 Employees
This company produces hydraulic pumps with a focus on fluid power pumps and motors.
6. Perfection Hydraulics, Inc. in Evansville, IN: 115 Employees
This company manufactures new hydraulic pumps as well as rebuilt units. It also produces cylinders and valves.
7. Cross Mfg., Inc. in Hays, KS: 100 Employees
This company specializes in hydraulic pumps in addition to motors and valves.
8. CIRCOR Pumps North America, LLC in Columbia, KY: 100 Employees
This company manufactures hydraulic pumps, focusing on pumps as well as pumping equipment.
9. Oilgear Company, The in Fremont, NE: 100 Employees
This company produces hydraulic pumps as well as related components.
10. Parker Hannifin Corp., Hydraulic Pump Div. in Marysville, OH: 100 Employees
This company produces hydraulic pumps in addition to transmissions, motors and valves.
11. Griffin Dewatering Corp. in Houston, TX: 80 Employees
This company produces industrial water pumps as well as related equipment.
Conclusion
The hydraulic pump industry is large, with current average sales of $203.3 million and expected future growth. Exploring the top companies in the industry can provide a nice overview of the sector.
Click here to see a full listing of the nation's hydraulic pump companies.
Editor's note: This post was originally published in February 2019. It has been updated to reflect new statistics.
