The global external gear pump market is projected to reach USD 257.3 million by 2025 and is expected to grow steadily at a compound annual growth rate (CAGR) of 3.90% through 2035, ultimately attaining a market value of USD 377.2 million. This consistent growth is driven by increasing demand across industries such as chemical processing, oil and gas, and food and beverages, where reliable and efficient fluid handling is essential. External gear pumps are favored for their simple design, high durability, and ability to handle viscous fluids, which makes them a preferred choice in various industrial applications.
External gear pumps are positive displacement pumps that utilize meshing gears to transport fluids. Their robust design, efficiency, and ability to handle a variety of viscosities make them indispensable in numerous industrial processes. The market’s expansion is attributed to the pumps’ versatility, reliability, and the continuous advancements enhancing their performance and application scope.
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Key Drivers of Market Growth
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Technological Advancements: Continuous innovation has led to the development of external gear pumps with improved efficiency, reduced noise levels, and enhanced durability. These advancements are attracting industries seeking reliable and cost-effective fluid transfer solutions.
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Rising Industrialization: Rapid industrial growth, particularly in emerging economies, has escalated the demand for efficient fluid handling systems. External gear pumps are favored for their ability to handle various fluids, including those with high viscosity, making them ideal for diverse industrial applications.
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Energy Efficiency Initiatives: With a global emphasis on energy conservation, industries are adopting external gear pumps known for their energy-efficient operation, contributing to reduced operational costs and environmental impact.
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Maintenance and Operational Benefits: The simple design of external gear pumps facilitates easy maintenance and operational reliability, leading to their widespread adoption across industries aiming to minimize downtime and maintenance costs.
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Key Industry Players Include
- Parker Hannifin Corporation
- Viking Pump (IDEX Corporation)
- Bosch Rexroth AG
- Tuthill Corporation
- Dover Corporation (PSG)
- Rotan Pumpen (Roper Technologies)
- ESCO Group
- Eaton Corporation
- Bucher Hydraulics
- Kawasaki Heavy Industries
- Haight Pumps
- Maag Group (Dover Corporation)
- SPX FLOW
- Dynamatic Technologies Ltd.
- Hydac International
Regional Insights
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Asia-Pacific: This region is witnessing substantial growth due to rapid industrialization in countries like China and India. The expanding manufacturing sector and infrastructural developments are propelling the demand for external gear pumps.
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North America and Europe: Established industrial bases and a focus on technological innovation are sustaining market growth in these regions. The presence of key market players and ongoing research and development activities contribute to the steady demand.
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Middle East and Africa: The flourishing oil and gas industry in these regions is a significant contributor to the external gear pump market, with applications in exploration, extraction, and processing activities.
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External Gear Pump Market Segmentation
By Product Type:
- Motorless
- Electric
- Two Shaft
By End-Use Industry:
- Construction
- Chemical Processing
- Material Handling
- Mining
- Automotive Manufacturing
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (Except Japan)
- Japan
- The Middle East and Africa
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