Global Internal Gear Pump Market, By Product Type (Steel Pumps, Cast Iron Pumps), Application (Chemical, Oil & Gas, Food & Beverage) - Industry Trends and Forecast to 2031.
Internal Gear Pump Market Analysis and Size
The internal gear pump market is characterized by a robust demand for efficient and reliable pumping solutions across various industries. Internal gear pumps, known for their versatility and ability to handle a wide range of fluids, find extensive applications in sectors such as manufacturing, oil and gas, chemicals, and automotive. The market growth is fueled by factors such as increasing industrialization, demand for precise fluid transfer in manufacturing processes, and the need for energy-efficient pumping systems.
Data Bridge Market Research analyzes that the global internal gear pump market which was USD 686.17 million in 2023, is likely to reach up to USD 1,180.64 million by 2031, and is expected to undergo a CAGR of 8.05% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customized 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Steel Pumps, Cast Iron Pumps), Application (Chemical, Oil & Gas, Food & Beverage)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Haight Pumps (U.S.), Bosch Rexroth (Germany), Daido Machinery (Japan), NOP (Japan), Shanghai Heshan Pump (China), Sumitomo Precision (Japan), Viking Pump (U.S.), Chongqing Huanzhou Pumps (China), Hannuo Pump (China), Hydac International (Germany), Bucher Hydraulics (Switzerland), Tuthill (U.S.), Taibang (China), Yuken (India), Dover (U.S.), Voith (Germany), HSP (China), SPX FLOW (U.S.)
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Market Opportunities
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Market Definition
The internal gear pumps are positive displacement pumps characterized by the meshing of rotating gears to facilitate the transfer of fluids. These pumps find widespread applications across various sectors such as manufacturing, oil and gas, chemicals, and automotive due to their versatility, ability to handle diverse fluids, and efficiency in fluid transfer.
Global Internal Gear Pump Market Dynamics
Drivers
- Growing Industrial Automation and Process Optimization
The growing trend towards industrial automation and process optimization stands as a significant driver for the market. As industries increasingly embrace automated manufacturing processes to enhance efficiency and productivity, the demand for reliable fluid handling solutions, such as internal gear pumps, rises significantly. The emphasis on seamless integration with automated machinery and the need for consistent and efficient fluid handling positions internal gear pumps as essential components in the evolving landscape of industrial automation, driving their widespread adoption across diverse industries.
- Rise in Construction and Infrastructure Development
The rise in construction and infrastructure development serves as a notable driver for the market. As construction activities surge globally, internal gear pumps play a pivotal role in applications such as concrete pumping, hydraulic systems, and fluid transfer within construction machinery. The demand for these pumps is propelled by their reliability, efficiency, and ability to meet the fluid handling requirements crucial for the execution of diverse construction projects. The expanding infrastructure development landscape further underscores the importance of internal gear pumps in supporting the growth and efficiency of construction processes, making them integral components in the infrastructure development boom worldwide.
- Growing agriculture practices
The increased adoption of modern agricultural practices is a significant driver for the market. Internal gear pumps play a crucial role in agricultural applications, facilitating tasks such as irrigation, fertilization, and chemical distribution. As agriculture undergoes modernization and precision farming practices become more prevalent, the demand for efficient fluid handling solutions, including internal gear pumps, rises. These pumps contribute to enhanced productivity, reliability, and precision in fluid transfer within agricultural machinery, aligning with the evolving needs of the agriculture sector and driving their widespread adoption in the market.
Opportunity
- Upward Demand in Oil and Gas Sector
The upward demand in the oil and gas sector presents a significant opportunity for the market. As the oil and gas industry continues to witness exploration and production activities, internal gear pumps play a crucial role in applications such as hydraulic fracturing and drilling operations. Their reliability, versatility, and efficiency in handling various fluids make them essential components in the sector. The increasing global energy demand and the exploration of challenging environments further amplify the demand for robust fluid handling solutions, positioning internal gear pumps to capitalize on the growing opportunities within the market.
Restraints/ Challenges
- High Initial Investment
The high initial investment required for acquiring and installing internal gear pumps serves as a significant restraint for the market. The upfront costs associated with purchasing these pumps, along with the necessary installation and integration expenses, can pose a challenge, particularly for smaller businesses and industries with limited capital budgets. The relatively higher initial investment may deter potential buyers, impacting the widespread adoption of internal gear pump technology despite its advantages in fluid handling efficiency and versatility.
- Maintenance and Operational Challenges
Maintenance and operational challenges pose notable obstacles for the market. While internal gear pumps are recognized for their efficiency, their complex designs may require regular maintenance to ensure optimal performance. The need for preventive maintenance, coupled with the intricacies of certain internal gear pump configurations, can lead to operational challenges for end-users. Managing maintenance schedules, addressing wear and tear, and ensuring consistent performance can contribute to operational complexities, potentially impacting the overall cost of ownership for internal gear pumps.
This internal gear pump market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In December 2023, Bosch Rexroth, a leading provider of industrial and mobile hydraulics, announced the expansion of its internal gear pump portfolio with the introduction of the A2FM 60 high-pressure pump. This new pump is specifically designed for mobile hydraulic applications requiring pressures up to 450 bar (6,525 psi), such as construction machinery, agricultural equipment, and material handling vehicles
- In October 2023, Viking Pump unveiled next-generation internal gear pump series for demanding industrial applications. Viking Pump, a global leader in pump technology, announced the launch of its new iHS Series of internal gear pumps, designed for exceptional performance and durability in demanding industrial applications. The iHS pumps feature an innovative, optimized gear design that delivers increased efficiency, reduced noise levels, and extended service life. Additionally, the pumps boast a modular design for easy configuration and maintenance, and are available in a wide range of materials and configurations to meet diverse application needs
Global Internal Gear Pump Market Scope
The internal gear pump market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Steel Pumps
- Cast Iron Pumps
Application
- Chemical
- Oil & Gas
- Food & Beverage
Global Internal Gear Pump Market Region Analysis/Insights
The internal gear pump market is analyzed and market size insights and trends are provided by region, product type and application, as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America is expected to dominate the market due to the region benefiting from a well-established industrial landscape, with sectors such as manufacturing, oil and gas, and automotive relying heavily on efficient fluid handling solutions. The presence of leading pump manufacturers and technological innovators in North America ensures a steady supply of advanced internal gear pump technologies.
Asia-Pacific is expected to be the fastest growing region due rapid industrialization, especially in countries like China and India, and burgeoning construction and infrastructure development activities in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The internal gear pump market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the internal gear pump market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2011-2021.
Competitive Landscape and Global Internal Gear Pump Market Share Analysis
The internal gear pump market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the internal gear pump market.
Some of the major players operating in the internal gear pump market are:
- Haight Pumps (U.S.)
- Bosch Rexroth (Germany)
- Daido Machinery (Japan)
- NOP (Japan)
- Shanghai Heshan Pump (China)
- Sumitomo Precision (Japan)
- Viking Pump (U.S.)
- Chongqing Huanzhou Pumps (China)
- Hannuo Pump (China)
- Hydac International (Germany)
- Bucher Hydraulics (Switzerland)
- Tuthill (U.S.)
- Taibang (China)
- Yuken (India)
- Dover (U.S.)
- Voith (Germany)
- HSP (China)
- SPX FLOW (U.S.)
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