Looking ahead to 2025 and beyond, the internal gear pump industry is projected to witness steady growth, driven by increasing demand across industries such as automotive, chemical processing, and food and beverage. Valued at approximately USD 0.575 billion in 2025, the market is expected to maintain its upward trajectory, reaching an estimated USD 0.868 billion by 2035. This growth is fueled by the pump’s efficiency, compact design, and ability to handle high-viscosity fluids, making it a preferred choice for precision fluid handling applications. Technological advancements and expanding industrial infrastructure are also set to bolster market expansion during the forecast period.
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Key Market Drivers
- Surging Demand in the Oil and Gas Sector: The oil and gas industry remains a pivotal contributor to the internal gear pump market’s growth. Internal gear pumps are integral for their efficiency in handling diverse fluid viscosities and temperatures, essential for exploration, production, and refining processes.
- Rapid Industrialization and Infrastructure Development: Emerging economies are experiencing swift industrial growth and infrastructure projects, necessitating reliable fluid handling solutions. Internal gear pumps are favored for their precision and adaptability, making them suitable for applications in chemicals, food and beverage, and marine industries.
- Technological Advancements and Customization: The market is witnessing a trend towards customizable internal gear pumps equipped with digital technologies. Innovations such as the integration of smart sensors and monitoring systems enhance performance and reliability, catering to the specific needs of various industries.
Regional Insights
- North America: In 2023, North America dominated the internal gear pump market, reflecting its established industrial base and technological advancements.
- Asia-Pacific: This region is anticipated to be the fastest-growing market during the forecast period, driven by rapid industrialization and infrastructure development. China and India are at the forefront, with China’s market projected to grow at a 5.0% and India’s at 4.9% through 2034.
- Europe: The United Kingdom is leading the European market, with sales of internal gear pumps projected to progress at a 3.8% CAGR through 2024.
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Key Players
- Bosch Rexroth
- Sumitomo Precision
- Viking Pump
- Dover
- NOP
- Voith
- Tuthill
- Yuken
- SPX FLOW
- Bucher Hydraulics
- Haight Pumps
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Segmentation
By Product Type:
The industry is segmented into steel pumps, cast iron pumps, heavy-duty pumps and others.
By End-use:
The Industry is segmented into chemical industry, marine industry, oil & gas sector, food & beverage companies and other End-use Applications
By Region:
It is fragmented North America, Latin America, Europe, East Asia, South Asia and Pacific, Middle East and Africa (MEA)
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