Internal Gear Pump Market Analysis, Size And Forecast 2024-2033

The internal gear pump global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Internal Gear Pump Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
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 in the historic period can be attributed to increasing environmental awareness, the development of the energy sector, the widespread adoption of hydraulic systems, the global expansion of the oil and gas industry and the rapid growth of the automotive industry.

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 growth in the forecast period can be attributed to rapid industrialization, increased infrastructure projects, the need for hygienic and precise pumping solutions, the focus on reducing operational costs and maintenance downtime in various industries, and stringent regulations and standards for fluid handling systems. Major trends in the forecast period include the growing trend towards offering customizable internal gear pumps, the integration of digital technologies, the need to upgrade and retrofit existing systems, the development and advancement of compact internal gear pumps, and technological advancement in materials.

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Scope Of Internal Gear Pump Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Internal Gear Pump Market Overview

Market Drivers -
The growing demand in the oil and gas sector is expected to propel the growth of the internal gear pump market going forward. The oil and gas industry is a crucial industry that includes the activities of exploring, extracting, and refining petroleum products from underground or underwater resources. The oil and gas sector is rising due to factors, such as energy demand, geopolitical tensions, and innovations. Internal gear pumps are essential in the oil and gas sector for their ability to handle diverse fluid viscosities and temperatures efficiently. Their robust performance and low maintenance needs are crucial for continuous operation in remote and challenging environments, supporting reliable fluid transfer across exploration, production, and processing operations. For instance, in 2024, according to the Department for Business and Trade, a UK-based governmental department, global demand for gas is expected to rise from approximately 4.5 trillion cubic meters in 2020 to a peak of around 5.5 trillion cubic meters in 2041. By 2045, the global demand for oil is projected to rise to 108.2 million barrels per day (bpd), a significant jump from the 90.6 million bpd recorded in 2020. Therefore, the growing demand in the oil and gas sector is driving the growth of the internal gear pump market.

Market Trends -
Major companies operating in the internal gear pump market are focused on developing advanced internal gear hydraulic pumps to provide cost-sensitive applications with high performance. Internal gear hydraulic pumps are designed for injection molding machines and speed-regulated stationary hydraulic systems running at up to 250 bar. This pump offers a good price/performance ratio, a long service life, minimal noise, and may be integrated into several pumps. For instance, in May 2021, Eckerle Technologies GmbH, a Germany-based industrial machinery manufacturing company, launched the EIPH and EIPS2-S111 series. These pumps are designed to operate quietly, even at high pressures. The series has high efficiency levels, making it ideal for energy-efficient applications such as servo drives. The pumps are simply coupled to form several pumps with individual or common intakes, allowing for greater design flexibility.

The internal gear pump market covered in this report is segmented –
1) By Product Type: Steel Pumps, Cast Iron Pumps, Other Product Types
2) By Operating Pressure: Less Than 100 Bar, 100–300 Bar, Above 300 Bar
3) By End-Use Industry: Chemical Industry, Marine Industry, Oil And Gas Sector, Food And Beverage Companies, Other End-Use Industries

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Regional Insights -
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.

Key Companies -
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.

Table of Contents

1. Executive Summary
2. Internal Gear Pump Market Report Structure
3. Internal Gear Pump Market Trends And Strategies
4. Internal Gear Pump Market – Macro Economic Scenario
5. Internal Gear Pump Market Size And Growth

…..

32. Global Internal Gear Pump Market Competitive Benchmarking
33. Global Internal Gear Pump Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Internal Gear Pump Market
35. Internal Gear Pump Market Future Outlook and Potential Analysis
36. Appendix

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