The Hydraulic Gear Pumps Market is expected to grow at a CAGR of 6% over the forecast period 2024-2028, Due to the development in infrastructure, automation across industries such as manufacturing and automotive, and an increase in construction activities worldwide.
A hydraulic gear pump is a type of engine-powered pump that transfers fluid or compressed air. It moves a load by utilizing hydraulic power. The gears in a hydraulic gear pump are used to change the speed of the load's movement. Gear pumps are used for a variety of tasks, including fluid movement, particle removal, and pressure generation.
Rise in Construction Activities
Hydraulic gear pumps are widely used in the construction industry. The widespread use of construction equipment in operations such as excavation, earth-moving, lifting, and material handling is expected to drive the construction equipment market. Excavators, cranes, loaders, tractors, vacuum trucks, forestry equipment, graders, dump trucks, mining machinery, etc. use hydraulic gear pumps. Because electric actuators are generally not used in mobile machinery, hydraulic gear pumps are used more frequently in mobile applications than in industrial machines.
Therefore, increase in construction activities, combined with increased construction spending across multiple countries, is helping to propel the market forward.
Growing Investments in Water and Wastewater Treatment Facilities
Wastewater is a significant health hazard in both rural and urban areas. Wastewater pollutes drinking water resources and raises the risk of disease transmission. For these reasons, residential, commercial, and industrial complexes are majorly investing in efficient wastewater treatment technology and pump systems is a necessary equipment in wastewater treatment facility.
Among various pump systems, hydraulic gear pump is widely built and installed for new wastewater treatment facility as it creates suction and draws water into the pump chamber. It also controls the output of wastewater from facility using the hydraulic gear pump. However, the increased noise level caused by interlocking gears remains high which needs to be controlled.
Rise in Innovations and Developments from Market Players
Hydraulic Gear Pump is an essential pump system among various other pump systems. Therefore, Companies and businesses are increasingly focusing on the innovations and development of hydraulic gear pump. For instance
In June 2019, Allegro Funds formed an agreement to invest in Questas Group, a company that provides hydraulic, irrigation, pump, and engine solutions to the mining, construction, agricultural, and general industrial sectors.
In December 2021, there is a launch of gear pumps with a low-noise design. It reduces carbon dioxide emissions and support strongly in the field of industrial vehicles such as forklifts, and construction machinery
High Maintenance Costs
Pump station maintenance and operational (O&M) costs include power, labor, and repair. If chemical compounds are used to regulate unpleasant odors at the pump station, the O&M costs include the cost of chemicals. Solids removal costs are usually minimal, but they are included in the O&M costs if the pump station is equipped with bar screens to remove coarse materials from the wastewater. Power costs, which are directly proportional to the unit cost of electricity and the actual power used by the pump station pumps, typically account for 85 to 95 percent of total O&M costs. Labor costs are typically 1 to 2% of total O&M costs. The cost of annual maintenance varies according to the complexity of the equipment and instrumentation.
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Market Segmentation
The Global Hydraulic Gear Pump Market is divided into Product, End-Use, Operating Process and Application. Based on Product, the market is divided into External Gear and Internal Gear. By End-Use, the market is divided into Construction, Mining & Metallurgy, Automotive, Transportation, Architecture, Chemicals & Petrochemicals and Others
Market Players
Linde Hydraulics GmbH & Co. Kg, Bosch Rexroth AG, Eaton Corporation Plc, Kawasaki Heavy Industries Ltd., Bucher Hydraulics GmbH, Parker Hannifin Corp, Dynamatic Technologies Limited, HYDAC, Sapricon Hydraulic Industries, Gemma Automotive, Marzocchi Pompe S.p.A., Daikin Industries Ltd
Key developments
In March 2021, Daikin Industries, Ltd. acquired Duplomatic MS S.p.A, an Italian hydraulic equipment manufacturer. The acquisition helps to integrate hydraulic equipmentsin the field of industrial equipment in Europe by collaborating the business environmental technologies to reduce environmental load, thus contributing to a sustainable society.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 –
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028
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Report coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments covered
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Product
End-Use
Operating Pressure
Application
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Regional scope
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North
America; Asia-Pacific; Europe; South America; Middle East
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Country scope
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United States; Canada; Mexico; China; Indian; Japan; South
Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France;
Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi
Arabia; South Africa; UAE; Iraq; Turkey
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Key companies profiled
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Linde
Hydraulics GmbH & Co. Kg, Bosch Rexroth AG, Eaton Corporation Plc,
Kawasaki Heavy Industries Ltd., Bucher Hydraulics GmbH, Parker Hannifin Corp,
Dynamatic Technologies Limited, HYDAC, Sapricon Hydraulic Industries, Gemma
Automotive, Marzocchi Pompe S.p.A., Daikin Industries Ltd
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
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