The Business Research Company’s report on the Fixed Displacement Gear Pump Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the fixed displacement gear pump market’s growth in recent years?
The growing demand for energy efficiency is expected to drive the growth of the fixed displacement gear pump market going forward. Energy efficiency refers to using less energy to perform the same task or achieve the same result, reducing energy consumption and waste. The demand for energy efficiency is due to rising energy costs, driving individuals and businesses to seek ways to reduce consumption and lower expenses. A fixed displacement gear pump helps improve energy efficiency by providing a consistent and reliable fluid flow with minimal energy loss. Its simple design reduces internal leakage and enhances volumetric efficiency, ensuring that most input energy is effectively used for fluid movement. For instance, in March 2024, according to the Department for Energy Security and Net Zero, a UK-based government agency, around 318,600 energy efficiency measures were installed in 2023, an increase of 49% compared to 2022, primarily driven by the Energy Company Obligation (ECO) scheme. Therefore, the growing demand for energy efficiency is driving the growth of the fixed displacement gear pump market.
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How does the future projection of the fixed displacement gear pump market size compare to its historical growth?
The fixed displacement gear pump market size has grown strongly in recent years. It will grow from $1.74 billion in 2024 to $1.84 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to the rise in industrial automation, the increase in hydraulic applications, the growth in construction machinery, the surge in agricultural equipment demand, and the expansion of the manufacturing sector.
The fixed displacement gear pump market size is expected to see strong growth in the next few years. It will grow to $2.28 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing energy sector investments, rising industrial automation, increasing investments in infrastructure, expanding heavy machinery applications, and expanding the oil and gas sector. Major trends in the forecast period include technological advancements, a shift toward electrification, hybrid hydraulic-electric systems, AI-driven predictive maintenance, and smart fluid systems integration.
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Which key players are shaping the future of the fixed displacement gear pump market?
Major companies operating in the fixed displacement gear pump market are Daikin Industries Ltd., Eaton Corporation Plc, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Atos S.p.A., Danfoss A/S, Bosch Rexroth AG, Shimadzu Corporation, Hydac International GmbH, Bucher Hydraulics GmbH, Haldex AB, Hawe Hydraulik SE, Yuken Kogyo Co. Ltd., Muncie Power Products, Bailey International LLC, Tuthill Corporation, Permco Inc., Bondioli & Pavesi S.p.A., Dyna Hydraulics, LHY Powertrain
What trends will propel the growth and evolution of the fixed displacement gear pump market?
Major companies operating in the fixed displacement gear pump market are focusing on developing substantial products, such as eco-friendly high-pressure gear pumps, to enhance performance, meet sustainability demands, and expand their market reach. Eco-friendly high-pressure gear pumps are hydraulic pumps designed to minimize environmental impact using sustainable materials and processes while delivering high pressure and efficiency in industrial applications. For instance, in January 2024, Shimadzu Corporation, a Japan-based company specializing in manufacturing precision instruments, medical equipment, and industrial machinery, launched the MLP2 series, an eco-friendly high-pressure gear pump designed to replace the SGP2 series. The new pump increases rated pressure to 25 MPa and maximum surge pressure to 30 MPa while eliminating the plating process on the cast iron body for improved durability. It also removes lead from side plates, enhancing eco-friendliness without compromising friction resistance.
Which regions are expected to become dominant players in the fixed displacement gear pump market?
North America was the largest region in the fixed displacement gear pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed displacement gear pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the fixed displacement gear pump market, and how are they evolving?
The fixed displacement gear pump market covered in this report is segmented –
1) By Type: External Gear Pump, Internal Gear Pump
2) By Application: Automotive, Construction, Agriculture, Industrial Machinery, Oil And Gas, Other Applications
3) By End-User: Original Equipment Manufacturers, Aftermarket
Subsegments:
1) By External Gear Pump: Single Gear Pump, Double Gear Pump
2) By Internal Gear Pump: Helical Gear Pump, Spur Gear Pump
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How is the fixed displacement gear pump market defined?
A fixed displacement gear pump is a type of positive displacement pump that delivers a constant volume of fluid per rotation. It consists of meshing gears that trap fluid from the inlet to the outlet at a fixed flow rate, regardless of pressure changes. Fixed displacement gear pumps are commonly used in hydraulic, lubrication, and fuel transfer applications due to their simplicity, reliability, and efficiency.
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