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Global Fixed Displacement Gear Pump Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Fixed Displacement Gear Pump Market Size
How Big Is the Fixed Displacement Gear Pump Market Size Expected to Be by 2034?
In recent times, the market size for fixed displacement gear pumps has witnessed substantial growth. The market is poised to expand from a worth of $1.74 billion in 2024 to $1.84 billion in 2025, achieving a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this historic growth include the advancement of industrial automation, a surge in hydraulic applications, the development in construction machinery, an increase in demand for agricultural equipment, and the flourishing manufacturing sector.
Expectations are high for the fixed displacement gear pump market to experience substantial growth in the coming years. The market is predicted to escalate to $2.28 billion by the year 2029, with a 5.4% compound annual growth rate (CAGR). This anticipated market expansion within the forecast period can be credited to several dynamics such as the increase in energy sector investments, widespread industrial automation, upsurge in infrastructure investments, broader applications of heavy machinery, and enlargement of the oil and gas sector. Future trends within this period are forecasted to feature technological progression, movement towards electrification, hybridization of hydraulic-electric systems, the introduction of AI-based predictive maintenance, and the establishment of intelligent fluid systems integration.
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What Are the Emerging Segments Within the Fixed Displacement Gear Pump Market?
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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What Long-Term Drivers Are Shaping Fixed Displacement Gear Pump Market Trends?
The escalating need for energy efficiency is anticipated to fuel the expansion of the fixed displacement gear pump market in the future. The appeal for energy efficiency comes from the concept of accomplishing the same task, or obtaining the same outcome, but with a lower energy usage and waste. This need sprouts from increasing energy expenses, leading individuals and businesses to search for strategies to minimize consumption and cut costs. A fixed displacement gear pump aids in enhancing energy efficiency by providing a steady and dependable fluid flow with minimal energy wastage. Its straightforward design diminishes internal leakage and boosts volumetric efficiency, making sure that the majority of the input energy is effectively utilized for fluid transmission. For example, in March 2024, the Department for Energy Security and Net Zero, a government agency based in the UK, reported that approximately 318,600 energy efficiency measures were implemented in 2023, a surge of 49% compared to 2022, primarily propelled by the Energy Company Obligation (ECO) scheme. Consequently, the burgeoning demand for energy conservation is powering the growth of the fixed displacement gear pump market.
Who Are the Top Competitors in Key Fixed Displacement Gear Pump Market Segments?
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 Fixed Displacement Gear Pump Market Trends Are Gaining Traction Across Different Segments?
Major firms in the fixed displacement gear pump market are turning their focus to the production of significant products, such as environmentally-friendly high-pressure gear pumps, in order to improve performance, address sustainability requirements and broaden their market influence. These eco-friendly high-pressure gear pumps are hydraulic pumps, developed with sustainable materials and methods to lessen their environmental footprint while offering high pressure and efficiency for industrial use. To illustrate, Shimadzu Corporation, a Japanese company renowned for manufacturing precision instruments, medical equipment and industrial machinery, debuted the MLP2 series in January 2024. This environmentally-friendly high-pressure gear pump is a replacement for the SGP2 series. The new pump elevates rated pressure to 25 MPa and maximum surge pressure to 30 MPa, while also eschewing the plating process for the cast iron body to ensure better durability. Moreover, the pump has been made more eco-friendly by removing lead from the side plates, without reducing its friction resistance.
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Which Regions Are Becoming Hubs for Fixed Displacement Gear Pump Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fixed Displacement Gear Pump Market?
2. What is the CAGR expected in the Fixed Displacement Gear Pump Market?
3. What Are the Key Innovations Transforming the Fixed Displacement Gear Pump Industry?
4. Which Region Is Leading the Fixed Displacement Gear Pump Market?
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