Gear Pump Market Trendsembed
The global gear pump market size is projected to reach USD 2.32 billion by 2025.
Your Catalyst To a Lucrative Business Gear Pump Market Size, Share, Growth, Trends, Outlook and Forecast to 2025 | Hexa Research “Gear Pump market will witness high demand from oil and gas, automotive, chemical, and construction among other end-use sectors.” 25 October 2018 – The global Gear Pump Market size is projected to reach USD 2.32 billion by 2025. The growth is driven by increasing scope of application in construction, automotive, and agriculture industries. In addition, growth of oil and gas industry is expected to be a key factor driving the market, especially in U.S. and the Middle Eastern countries. Gear pump is predominantly used for displacement, transfer, and extraction of fluids in the oil and gas industry. Technological advancements play a strategic role in fostering demand for gear pumps in different industries. Various innovations, such as development of double gear pumps with minimal number of parts and axial gauge, are reducing the production cost while increasing the process reliability. The integrated adaptive systems use computer assisted manufacturing, which increases the production quality and reduces the production time. For instance, Sumitomo Electric Industries, Ltd. designed Parachoid and Megafloid motors for improving efficiency of gear pumps. The advent of high-efficiency internal rotors has increased the efficiency and reliability of industrial operations. External gear pump held 80.09% of the total market share in 2017. These are widely used as oil pumps in engines and as lubrication pumps in machine tools and fluid power transfer units. Favorable government policies in India and China to encourage investments in petrochemical and agrochemical production are expected to open new growth avenue over the forecast period. Browse Details of Report @ https://www.hexaresearch.com/research-report/gear-pump-market Follow Us: Your Catalyst To a Lucrative Business Oil and gas segment led the global market in 2017 and is projected to expand at the highest CAGR of 4.4% during the forecast period. To meet the growing demand for oil, many companies are adopting techniques, such as microbial Enhanced Oil Recovery (EOR), CO2 injection, and thermal injection among others to increase oil production. This trend is expected to boost demand for technological advanced gear pump over the forecast period. Growing global population and demand for food are driving growth of agriculture industry. Nevertheless, changing lifestyle and increasing disposable income are creating a huge demand for residential construction and passenger cars. Thus, rapidly expanding construction, automotive, and agriculture sectors, especially in emerging economies including China and India, would drive the market. The Europe gear pump market is expected to register a CAGR of 3.3% from 2017 to 2025. Increasing government initiatives for minimizing energy consumption and CO2 emission coupled with demand for cost-effective solutions and quality products are expected to propel the growth. Moreover, rising focus on R&D activities by key companies is expected to provide substantial business opportunities. In emerging economies, such as China and India, lower product penetration and extensive applications are the key growth opportunity drivers. Many prominent large- and medium-scale enterprises are investing in manufacturing positive displacement pumps. Therefore, certain economies within the Asia Pacific and Middle East and Africa regions are anticipated to be lucrative markets for gear pumps over the next few years. Major manufacturers in the gear pump market are Eaton Corp. PLC; Bosch Rexroth AG; Kawasaki Heavy Industries, Ltd.; Haight Pumps; Viking Pump, Inc.; Parker Hannifin Corp.; Albany Pumps. These companies engage in manufacturing internal and external gear pumps. Each of these companies has a broad product portfolio wherein different series and models of gear pumps are featured with various combinations of specifications. Hexa Research has segmented the global gear pump market report based on product type, application and region:Segmentation by Product Type • Internal • External Segmentation by Application • Construction • Automotive • Chemicals • Agriculture • Oil & Gas • Pulp & Paper • Food & Beverages • Others Follow Us: Your Catalyst To a Lucrative Business Segmentation by Region • North America • U.S. • Europe • Germany • U.K. • Asia Pacific • China • India • Central and South America • Middle East and Africa Key Players Analyzed • Eaton, Bosch Rexroth • Kawasaki Heavy Industries, Ltd. • Haight Pumps • Viking Pump, Inc. • Parker Hannifin Corp. • TUTHILL • Albany Pumps • ROPER PUMP COMPANY • Pompe Cucchi Srl • DESMI • PSG • SPX FLOW • DAIDO MACHINERY CORPORATION • VARISCO s.r.l. Browse Related Category Market [email protected] https://www.hexaresearch.com/research-category/distributionand-utilities-industry Follow Us: Your Catalyst To a Lucrative Business Table of Content of Gear Pump Market Chapter 1 Executive Summary 1.1 Market trends & movement Chapter 2 Methodology and Scope 2.1 Research Methodology 2.2 Research Scope & Assumptions 2.3 List of Data Sources Chapter 3 Introduction 3.1 Research scope & market segmentation Chapter 4 Market Trends: Drivers & Opportunities 4.1 Key industry trends 4.1.1 Market driver analysis 4.1.2 List of other market drivers 4.1.3 Market restraint analysis 4.1.4 List of other market restraints 4.2 Supply chain analysis 4.3 Porter’s Five Forces’ analysis Chapter 5 Gear Pumps Market Trends, By Type 5.1 Global gear pumps market movement, by type, 2017 & 2025 5.2 Internal Gear Pumps 5.2.1 Global gear pumps market for internal gear pumps, 2015 - 2025 (USD Million) 5.3 External Gear Pumps 5.3.1 Global gear pumps market for external gear pumps, 2015 - 2025 (USD Million) Chapter 6 Gear Pumps Market Trends, By Application 6.1 Global gear pumps market movement, by application, 2017 & 2025 6.1.1 Construction 22.214.171.124 Global gear pumps market for construction, 2015 - 2025 (USD Million) 6.1.2 Automotive 126.96.36.199 Global gear pumps market for automotive, 2015 - 2025 (USD Million) 6.1.3 Chemicals Follow Us: Your Catalyst To a Lucrative Business 188.8.131.52 Global gear pumps market for chemicals, 2015 - 2025 (USD Million) 6.1.4 Agriculture 184.108.40.206 Global gear pumps market for agriculture, 2015 - 2025 (USD Million) 6.1.5 Oil & Gas 220.127.116.11 Global gear pumps market for oil & gas, 2015 - 2025 (USD Million) 6.1.6 Pulp & Paper 18.104.22.168 Global gear pumps market for pulp & paper, 2015 - 2025 (USD Million) 6.1.7 Food & Beverages 22.214.171.124 Global gear pumps market for food & beverages, 2015 - 2025 (USD Million 6.1.8 Others 126.96.36.199 Global gear pumps market for others, 2015 - 2025 (USD Million) Chapter 7 Gear Pumps Market Trends, By Region 7.1 Regional market analysis, 2017 & 2025 7.2 Global gear pumps market movement, by region, 2017 & 2025 7.3 North America 7.3.1 North America gear pumps market, 2015 - 2025 (USD Million) 7.3.2 North America gear pumps market, by type, 2015 - 2025 (USD Million) 7.3.3 North America gear pumps market, by application, 2015 - 2025 (USD Million) 7.4 Europe 7.4.1 Europe gear pumps market, 2015 - 2025 (USD Million) 7.4.2 Europe gear pumps market, by type, 2015 - 2025 (USD Million) 7.4.3 Europe gear pumps market, by application, 2015 - 2025 (USD Million) 7.5 Asia Pacific 7.5.1 Asia Pacific gear pumps market, 2015 - 2025 (USD Million) 7.5.2 Asia Pacific gear pumps market, by type, 2015 - 2025 (USD Million) 7.5.3 Asia Pacific gear pumps market, by application, 2015 - 2025 (USD Million) 7.6 Central & South America 7.6.1 Central & South America gear pumps market, 2015 - 2025 (USD Million) 7.6.2 Central & South America gear pumps market, by type, 2015 - 2025 (USD Million) 7.6.3 Central & South America gear pumps market, by application, 2015 - 2025 (USD Million) 7.7 Middle East & Africa 7.7.1 Middle East & Africa gear pumps market, 2015 - 2025 (USD Million) 7.7.2 Middle East & Africa gear pumps market, by type, 2015 - 2025 (USD Million) 7.7.3 Middle East & Africa gear pumps market, by application, 2015 - 2025 (USD Million) Follow Us: Your Catalyst To a Lucrative Business Chapter 8 Key Country Markets 8.1 U.S. 8.1.1 U.S. gear pumps market, 2015 - 2025 (USD Million) 8.2 Germany 8.2.1 Germany gear pumps market, 2015 - 2025 (USD Million) 8.3 U.K. 8.3.1 U.K. gear pumps market, 2015 - 2025 (USD Million) 8.4 China 8.4.1 China gear pumps market, 2015 - 2025 (USD Million) 8.5 India 8.5.1 India gear pumps market, 2015 - 2025 (USD Million) Chapter 9 Competitive Landscape 9.1 Company Market Share Analysis, 2017 9.2 Strategic framework 9.3 Company profiles 9.3.1 Eaton 188.8.131.52 Company overview 184.108.40.206 Product benchmarking 220.127.116.11 Financial performance 18.104.22.168.1 Financial analysis 22.214.171.124 Recent Initiatives 9.3.2 Bosch Rexroth AG 126.96.36.199 Company overview 188.8.131.52 Product benchmarking 184.108.40.206 Financial performance 220.127.116.11.1 Financial analysis 9.3.3 IDEX Corporation (Viking Pump, Inc.) 18.104.22.168 Company overview 22.214.171.124 Product benchmarking 126.96.36.199 Financial performance (IDEX Corporation) 188.8.131.52.1 Financial analysis 184.108.40.206 Recent Initiatives 9.3.4 PARKER HANNIFIN CORP 220.127.116.11 Company overview Follow Us: Your Catalyst To a Lucrative Business 18.104.22.168 Product benchmarking 22.214.171.124 Financial performance 126.96.36.199.1 Financial analysis 188.8.131.52 Recent Initiatives 9.3.5 Kawasaki Heavy Industries, Ltd. 184.108.40.206 Company overview 220.127.116.11 Product benchmarking 18.104.22.168 Financial performance 22.214.171.124.1 Financial analysis 126.96.36.199 Recent initiatives 9.3.6 Haight Pumps 188.8.131.52 Company overview 184.108.40.206 Product benchmarking 9.3.7 TUTHILL 220.127.116.11 Company overview 18.104.22.168 Product benchmarking 22.214.171.124 Recent Initiatives 9.3.8 Albany Pumps 126.96.36.199 Company overview 188.8.131.52 Product benchmarking 184.108.40.206 Recent Initiatives 9.3.9 Roper Pump Company Inc. 220.127.116.11 Company overview 18.104.22.168 Product benchmarking 22.214.171.124 Financial performance 126.96.36.199.1 Financial analysis 188.8.131.52 Recent Initiatives 9.3.10 Pompe Cucchi Srl 184.108.40.206 Company overview 220.127.116.11 Product benchmarking 9.3.11 DESMI 18.104.22.168 Company overview 22.214.171.124 Product benchmarking 126.96.36.199 Financial performance 188.8.131.52.1 Financial analysis 184.108.40.206 Recent Initiatives Follow Us: Your Catalyst To a Lucrative Business 9.3.12 PSG 220.127.116.11 Company overview 18.104.22.168 Product benchmarking 22.214.171.124 Recent Initiatives 9.3.13 SPX Flow 126.96.36.199 Company overview 188.8.131.52 Product benchmarking 184.108.40.206 Financial performance 220.127.116.11 Recent Initiative 9.3.14 DAIDO MACHINERY CORPORATION 18.104.22.168 Company overview 22.214.171.124 Product benchmarking 126.96.36.199 Recent Initiatives 9.3.15 VARISCO s.r.l. 188.8.131.52 Company overview 184.108.40.206 Product benchmarking 220.127.116.11 Recent Initiatives 9.3.16 List of other Vendors Follow Us: Your Catalyst To a Lucrative Business About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. 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