logo

Gear Pumps Market Size (2024 - 2029)

The gear pumps market is experiencing growth driven by increasing demand for high-pressure, low-maintenance pumping solutions across various industries, including oil and gas, construction, and petrochemicals. The market's expansion is supported by the rising need for efficient fluid handling in sectors that require the movement of high-viscosity fluids. Despite challenges such as noise production from gear pumps, the market is benefiting from post-pandemic industrial activity resurgence and strategic industry consolidations. Vendors are also enhancing their market presence through product innovations, contributing to the overall market size growth.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Industrial Machinery and Equipment Research Commercial and Industrial Pumps Research Gear Pumps Market Market Size

Market Size of Gear Pumps Industry

Hydraulic Pumps Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 3.20 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Hydraulic Pumps Market Key players

*Disclaimer: Major Players sorted in no particular order

Gear Pumps Market Analysis

The Global Gear Pumps Market is expected to register a CAGR above 3.2 % during forecast period (2022-2027). The gear pumps are used to generate high pressure and is capable of pumping high viscous fluids which cannot be pumped by other type of pumps hence finds its applications in oil & gas, paper and pulp, food industry, etc.

  • The increasing demand from various end-users for user-friendly, low-maintenance pump solutions is the primary driving force for the rise of the gear pump market. Furthermore, with the rapidly expanding construction sector worldwide, the demand for gear pumps is likely to grow in the future.
  • The rapidly growing demand for oil and gas has continuously increased exploration of oil and gas, pushing the gear pump market growth. However, the production of noise during the working of gear pumps is a major restraint on the growth of the industry.
  • Moreover, the petrochemical product manufacturing companies that use gear pumps in their operations are focusing on catering to increased demand for petrochemical products, for which companies are undergoing mergers & acquisitions and capacity expansions. For instance, Abu Dhabi National Oil Company and Reliance Industries have agreed to build a new petrochemical complex in Ruwais, Abu Dhabi. This plant will generate 940,000 tons of Chlor-alkali, 1.1 million tons of ethylene dichloride, and 360,000 tons of PVC annually.
  • The vendors in the industry are also focusing on increasing their presence in the market with advancements in the products. For instance, Oberdorfer is providing NL4000L & NL9000L lead-free external gear pumps that are efficient and reliable for sugarhouse maple sugar filter presses and maple cream machinery.
  • The Covid-19 has affected the pump manufacturing industry as the pandemic restrictions hampered the different industry operations that reduced demand of gear pumps. Furthermore, the relaxation of pandemic limitations has resulted in an upsurge in industrial activity, which has aided market growth.

Gear Pumps Industry Segmentation

A gear pump is a type of positive displacement pump. It transfers a fluid by continually enclosing a defined volume with interlocking cogs or gears and mechanically transferring it via a cyclic pumping motion. It produces a smooth, pulse-free flow that is proportionate to the rotational speed of its gears.The Gear Pumps Market is segmented By Type (External Gear Pumps, Internal Gear Pumps), By End-user Industry (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Water & Wastewater, Power Generation, Metal & Mining, Pulp & Paper) and Geography.

Need A Different Region Or Segment?
Customize Now

Gear Pumps Market Size Summary

The gear pumps market is poised for steady growth, driven by increasing demand across various industries such as oil and gas, petrochemicals, and food and beverage. These pumps are essential for handling high-viscosity fluids and generating high pressure, making them indispensable in sectors that require robust and efficient fluid transfer solutions. The construction industry's expansion globally further fuels the demand for gear pumps, as they are crucial in applications ranging from paints and coatings to machinery operations. Despite challenges like noise production during operation, advancements in technology and product offerings are helping to mitigate these issues, thereby supporting market growth.

The market landscape is characterized by a fragmented nature due to ongoing innovations, mergers, and acquisitions among key players. Companies are focusing on enhancing their product offerings to meet the rising demand for low-maintenance and user-friendly solutions. The recovery from the COVID-19 pandemic has also contributed to the resurgence in industrial activities, boosting the demand for gear pumps. Notable developments include the introduction of low-noise and temperature-controlled gear pumps, which cater to specific industry needs. As countries like China and India experience increased industrial activities and demand for crude oil and chemicals, the gear pumps market is expected to witness significant growth in these regions.

Explore More

Gear Pumps Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porters Five Force Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of COVID-19 on the Market

Gear Pumps Market Size FAQs

The Gear Pumps Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)

Bosch Rexroth AG, Danfoss, Bucher Hydraulics GmbH, Parker Hannifin Corporation and Kawasaki Heavy Industries Ltd. are the major companies operating in the Gear Pumps Market.

Gear Pumps Report Snapshots

Gear Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)