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Hydraulic pumps are mechanical devices which helps to convert the mechanical power into hydraulic power. It generates strong flow to overcome the pressure which is induced by the load. When a hydraulic pump operates, it creates a vacuum at the pump inlet, which forces liquid from the reservoir into the inlet line to the pump and by mechanical action delivers this liquid to the pump outlet and forces it into the hydraulic system. Increase in construction activities, rising sales of automobiles and increasing application in the mining industry are the major key drivers enhancing the growth of the hydraulic pumps whereas high cost of manufacturing is one of the restraining factor hindering its market. Demand for the production of renewable energy especially through upgrading the existing hydraulic equipment is the future trend for its long term growth.