In-Depth Examination of Segments, Industry Developments, and Key Players in the Fixed Displacement Gear Pump Market

The fixed displacement gear pump market is gearing up for consistent expansion over the coming years. Driven by evolving machinery needs and advancements in industrial technology, this sector is expected to witness steady growth by 2030. Let's explore the market's size projections, key players, emerging trends, and main segments shaping its future trajectory.

Projected Market Growth and Size of the Fixed Displacement Gear Pump Market
The fixed displacement gear pump market is anticipated to reach a value of $2.31 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.0%. This steady growth is fueled by the increasing integration of these pumps in electric and hybrid machinery, the rising demand for energy-efficient fluid systems, and the expanding use in construction and agricultural equipment. Additional factors supporting this market's development include a growing focus on low-maintenance pump solutions and the increasing automation of industrial equipment. Key trends influencing this period involve the rising demand for high-efficiency gear pump designs, more frequent use of precision-machined components, broader adoption in hydraulic system applications, and the move toward compact pump configurations with enhanced durability and reliability.

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Leading Companies Impacting the Fixed Displacement Gear Pump Industry
Several global corporations play significant roles in the fixed displacement gear pump market, including Parker Hannifin Corporation, Bosch Rexroth AG, Eaton Corporation plc, Danfoss A/S, Bucher Hydraulics GmbH, Kawasaki Heavy Industries Ltd., Casappa S.p.A., Marzocchi Pompe S.p.A., Sumitomo Drive Technologies (Sumitomo Heavy Industries), Viking Pump, Inc., Tuthill Corporation, Yuken Kogyo Co., Ltd., HYDAC International GmbH, KRACHT GmbH, Fluid-o-Tech, Muncie Power Products, PENTA, H.S., S.p.A., SMS Hydraulic Ltd. Co., Blue Hydraulic SP z o.o., Dynatec International Co., Ltd., EGA, Roquet Hydraulics S.L., CML (Camel Precision / CML-Motion), Creative Engineers (India), MR Group (India), and Mehta Hydraulics.
In a recent strategic move, Sweden-based Atlas Copco AB acquired Germany's Kracht GmbH in December 2023. This acquisition aims to strengthen Atlas Copco's portfolio in industrial and process solutions by incorporating Kracht's expertise in precision pumps and process technology. The deal enhances Atlas Copco's global product offerings and service capabilities for its customers.

Emerging Market Trends and Opportunities in Fixed Displacement Gear Pumps
Manufacturers in this sector are increasingly focusing on developing eco-friendly, high-pressure gear pumps that balance performance with sustainability goals. These pumps are engineered to reduce environmental impact through the use of sustainable materials and processes, while maintaining high pressure and efficiency standards for industrial applications.
For example, in January 2024, Japanese firm Shimadzu Corporation introduced the MLP2 series, an eco-friendly high-pressure gear pump designed to supersede its SGP2 series. The MLP2 increases rated pressure to 25 MPa and maximum surge pressure to 30 MPa. It also eliminates the plating process on its cast iron body to improve durability and removes lead from side plates, boosting eco-friendliness without sacrificing friction resistance.

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Fixed Displacement Gear Pump Market Segmentation and Leading Categories
This market is segmented across several dimensions:
1) By Type: External Gear Pump and Internal Gear Pump
2) By Application: Automotive, Construction, Agriculture, Industrial Machinery, Oil and Gas, and Other Applications
3) By End-User: Original Equipment Manufacturers (OEMs) and Aftermarket

Further breakdowns include:
- External Gear Pumps divided into Single Gear Pump and Double Gear Pump
- Internal Gear Pumps comprising Helical Gear Pump and Spur Gear Pump

These distinct segments help clarify the diverse applications and product variations within the fixed displacement gear pump market, providing deeper insight into demand and innovation areas.

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This release was published on openPR.