PUBLISHER: The Business Research Company | PRODUCT CODE: 1546514
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546514
An internal gear pump is a type of positive displacement pump that operates by the meshing of internal gears. Typically, it consists of two gears, one with external teeth (the rotor) and another with internal teeth (the idler). These pumps are renowned for their capability to handle a wide range of viscosities and maintain efficiency across varying pressure conditions.
The primary product types of internal gear pumps include steel pumps, cast iron pumps, and other variations. Steel pumps are constructed from steel, known for their superior strength and durability. They are particularly suitable for applications involving abrasive or corrosive fluids, as steel provides excellent resistance to wear and corrosion. These pumps operate at different pressure ranges, including less than 100 bar, 100-300 bar, and above 300 bar. They find use across various industries such as chemicals, marine operations, oil and gas, food and beverage processing, and other industrial applications.
The internal gear pump market research report is one of a series of new reports from The Business Research Company that provides internal gear pump market statistics, including internal gear pump industry global market size, regional shares, competitors with an internal gear pump market share, detailed internal gear pump market segments, market trends and opportunities, and any further data you may need to thrive in the internal gear pump industry. This internal gear pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The internal gear pump market size has grown strongly in recent years. It will grow from $0.59 billion in 2023 to $0.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed in the historic period can be attributed to several factors, increasing environmental awareness driving demand for more efficient and sustainable technologies, significant developments in the energy sector boosting infrastructure investments, widespread adoption of hydraulic systems across various industries, global expansion of the oil and gas sector fostering new opportunities, and rapid expansion of the automotive industry driving demand for advanced technologies and components.
The internal gear pump market size is expected to see strong growth in the next few years. It will grow to $0.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The forecasted growth can be attributed to several factors, rapid industrialization leading to increased demand for pumping solutions, rising number of infrastructure projects requiring efficient fluid handling, a growing emphasis on hygienic and precise pumping solutions in various industries, heightened focus on reducing operational costs and minimizing maintenance downtime, and stricter regulations governing fluid handling systems. Key trends expected in this period include a shift towards customizable internal gear pumps to meet diverse application needs, integration of digital technologies for enhanced monitoring and control, increasing demand for upgrading and retrofitting existing systems, advancements in compact internal gear pump designs, and technological innovations in materials to improve pump performance and durability.
The internal gear pump market is poised for growth driven by increasing demand in the oil and gas sector. This sector encompasses vital activities such as exploration, extraction, and refining of petroleum products from underground or underwater sources. Factors such as rising energy demands, geopolitical tensions, and continuous innovations are fueling growth. Internal gear pumps play a crucial role in this industry due to their efficient handling of diverse fluid viscosities and temperatures. Known for robust performance and low maintenance requirements, these pumps are essential for reliable fluid transfer in challenging and remote environments across exploration, production, and processing operations. For example, projections from the UK Department for Business and Trade indicate global gas demand rising from approximately 4.5 trillion cubic meters in 2020 to an estimated peak of 5.5 trillion cubic meters by 2041. Likewise, global oil demand is expected to reach 108.2 million barrels per day by 2045, a significant increase from 90.6 million barrels per day in 2020. This growing demand in the oil and gas sector is a key driver of the internal gear pump market's expansion.
Leading companies in this market are actively developing advanced internal gear hydraulic pumps tailored for cost-sensitive applications demanding high performance. These pumps are particularly designed for injection molding machines and stationary hydraulic systems operating at pressures up to 250 bar. They offer a favorable price-to-performance ratio, long service life, minimal noise, and flexibility to be integrated into multi-pump configurations. For instance, in May 2021, Eckerle Technologies GmbH, based in Germany, launched the EIPH and EIPS2-S111 series of internal gear pumps. These pumps are engineered to operate quietly even under high pressures, boasting high efficiency suitable for energy-efficient applications such as servo drives. They can be easily coupled to create multiple pumps with either individual or common intakes, providing enhanced design flexibility.
In December 2022, Dover Corporation, a US-based industrial products manufacturer, acquired Witte Pumps and Technology GmbH. This acquisition strengthens Maag's product portfolio in gear pumps, enhancing its ability to cater to diverse industry needs. Witte Pumps and Technology GmbH, headquartered in Germany, specializes in manufacturing gear pumps and related spare parts, further bolstering Maag's market presence.
Major companies operating in the internal gear pump market are Dover Corporation, Bosch Rexroth AG, Ingersoll Rand, Voith GmbH & Co. KGaA, HYDAC International GmbH, CIRCOR International Inc., SUMITOMO PRECISION PRODUCTS Co. Ltd., DESMI A/S, Viking Pump Inc., Hayward Gordon, Tuthill Corporation, IDEX India, Eckerle GmbH, Varisco, Bucher Hydraulics, Applied Pumps Limited, Daido Machinery Corpration, Haight Pump, Delta PD Pumps, Pulsafeeder, Camel Precision Co. Ltd.
North America was the largest region in the internal gear pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internal gear pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the internal gear pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The internal gear pump market consists of sales of aluminum gear pumps, alloy gear pumps, seals, bearings, and shafts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Internal Gear Pump Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on internal gear pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for internal gear pump ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The internal gear pump market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.