The Internal Gear Pump Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Internal Gear Pump Global Market Report 2024, The internal gear pump market size is expected to see strong growth in the next few years. It will grow to $0.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rapid industrialization, increased infrastructure projects, the need for hygienic and precise pumping solutions, the focus on reducing operational costs and maintenance downtime in various industries, and stringent regulations and standards for fluid handling systems. Major trends in the forecast period include the growing trend towards offering customizable internal gear pumps, the integration of digital technologies, the need to upgrade and retrofit existing systems, the development and advancement of compact internal gear pumps, and technological advancement in materials.
The growing demand in the oil and gas sector is expected to propel the growth of the internal gear pump market going forward. The oil and gas industry is a crucial industry that includes the activities of exploring, extracting, and refining petroleum products from underground or underwater resources. The oil and gas sector is rising due to factors, such as energy demand, geopolitical tensions, and innovations. Internal gear pumps are essential in the oil and gas sector for their ability to handle diverse fluid viscosities and temperatures efficiently. Their robust performance and low maintenance needs are crucial for continuous operation in remote and challenging environments, supporting reliable fluid transfer across exploration, production, and processing operations. For instance, in 2024, according to the Department for Business and Trade, a UK-based governmental department, global demand for gas is expected to rise from approximately 4.5 trillion cubic meters in 2020 to a peak of around 5.5 trillion cubic meters in 2041. By 2045, the global demand for oil is projected to rise to 108.2 million barrels per day (bpd), a significant jump from the 90.6 million bpd recorded in 2020. Therefore, the growing demand in the oil and gas sector is driving the growth of the internal gear pump market.
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The internal gear pump market covered in this report is segmented –
1) By Product Type: Steel Pumps, Cast Iron Pumps, Other Product Types
2) By Operating Pressure: Less Than 100 Bar, 100–300 Bar, Above 300 Bar
3) By End-Use Industry: Chemical Industry, Marine Industry, Oil And Gas Sector, Food And Beverage Companies, Other End-Use Industries
Major companies operating in the internal gear pump market are focused on developing advanced internal gear hydraulic pumps to provide cost-sensitive applications with high performance. Internal gear hydraulic pumps are designed for injection molding machines and speed-regulated stationary hydraulic systems running at up to 250 bar. This pump offers a good price/performance ratio, a long service life, minimal noise, and may be integrated into several pumps. For instance, in May 2021, Eckerle Technologies GmbH, a Germany-based industrial machinery manufacturing company, launched the EIPH and EIPS2-S111 series. These pumps are designed to operate quietly, even at high pressures. The series has high efficiency levels, making it ideal for energy-efficient applications such as servo drives. The pumps are simply coupled to form several pumps with individual or common intakes, allowing for greater design flexibility.
The internal gear pump market report table of contents includes:
1. Executive Summary
2. Internal Gear Pump Market Characteristics
3. Internal Gear Pump Market Trends And Strategies
4. Internal Gear Pump Market – Macro Economic Scenario
5. Global Internal Gear Pump Market Size and Growth
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32. Global Internal Gear Pump Market Competitive Benchmarking
33. Global Internal Gear Pump Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Internal Gear Pump Market
35. Internal Gear Pump Market Future Outlook and Potential Analysis
36. Appendix
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