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Gear Pump Market Trends

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The global gear pump market size is projected to reach USD 2.32 billion by 2025.
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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.
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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
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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.
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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
6.1.1.1 Global gear pumps market for construction, 2015 - 2025 (USD Million)
6.1.2 Automotive
6.1.2.1 Global gear pumps market for automotive, 2015 - 2025 (USD Million)
6.1.3 Chemicals
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6.1.3.1 Global gear pumps market for chemicals, 2015 - 2025 (USD Million)
6.1.4 Agriculture
6.1.4.1 Global gear pumps market for agriculture, 2015 - 2025 (USD Million)
6.1.5 Oil & Gas
6.1.5.1 Global gear pumps market for oil & gas, 2015 - 2025 (USD Million)
6.1.6 Pulp & Paper
6.1.6.1 Global gear pumps market for pulp & paper, 2015 - 2025 (USD Million)
6.1.7 Food & Beverages
6.1.7.1 Global gear pumps market for food & beverages, 2015 - 2025 (USD Million
6.1.8 Others
6.1.8.1 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)
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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
9.3.1.1 Company overview
9.3.1.2 Product benchmarking
9.3.1.3 Financial performance
9.3.1.3.1 Financial analysis
9.3.1.4 Recent Initiatives
9.3.2 Bosch Rexroth AG
9.3.2.1 Company overview
9.3.2.2 Product benchmarking
9.3.2.3 Financial performance
9.3.2.3.1 Financial analysis
9.3.3 IDEX Corporation (Viking Pump, Inc.)
9.3.3.1 Company overview
9.3.3.2 Product benchmarking
9.3.3.3 Financial performance (IDEX Corporation)
9.3.3.3.1 Financial analysis
9.3.3.4 Recent Initiatives
9.3.4 PARKER HANNIFIN CORP
9.3.4.1 Company overview
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9.3.4.2 Product benchmarking
9.3.4.3 Financial performance
9.3.4.3.1 Financial analysis
9.3.4.4 Recent Initiatives
9.3.5 Kawasaki Heavy Industries, Ltd.
9.3.5.1 Company overview
9.3.5.2 Product benchmarking
9.3.5.3 Financial performance
9.3.5.3.1 Financial analysis
9.3.5.4 Recent initiatives
9.3.6 Haight Pumps
9.3.6.1 Company overview
9.3.6.2 Product benchmarking
9.3.7 TUTHILL
9.3.7.1 Company overview
9.3.7.2 Product benchmarking
9.3.7.3 Recent Initiatives
9.3.8 Albany Pumps
9.3.8.1 Company overview
9.3.8.2 Product benchmarking
9.3.8.3 Recent Initiatives
9.3.9 Roper Pump Company Inc.
9.3.9.1 Company overview
9.3.9.2 Product benchmarking
9.3.9.3 Financial performance
9.3.9.3.1 Financial analysis
9.3.9.4 Recent Initiatives
9.3.10 Pompe Cucchi Srl
9.3.10.1 Company overview
9.3.10.2 Product benchmarking
9.3.11 DESMI
9.3.11.1 Company overview
9.3.11.2 Product benchmarking
9.3.11.3 Financial performance
9.3.11.3.1 Financial analysis
9.3.11.4 Recent Initiatives
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9.3.12 PSG
9.3.12.1 Company overview
9.3.12.2 Product benchmarking
9.3.12.3 Recent Initiatives
9.3.13 SPX Flow
9.3.13.1 Company overview
9.3.13.2 Product benchmarking
9.3.13.3 Financial performance
9.3.13.4 Recent Initiative
9.3.14 DAIDO MACHINERY CORPORATION
9.3.14.1 Company overview
9.3.14.2 Product benchmarking
9.3.14.3 Recent Initiatives
9.3.15 VARISCO s.r.l.
9.3.15.1 Company overview
9.3.15.2 Product benchmarking
9.3.15.3 Recent Initiatives
9.3.16 List of other Vendors
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sara01.james
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