Home > Industrial Machinery > Industrial Equipment > Pumps > Hydraulic Gear Pumps Market

Hydraulic Gear Pumps Market Trends

  • Report ID: GMI12499
  • Published Date: Dec 2024
  • Report Format: PDF

Hydraulic Gear Pumps Market Trends

The hydraulic gear pump market is undergoing a digital transformation, with IoT and smart technologies reshaping product offerings to enhance system efficiency and reliability. By embedding sensors and connectivity tools, manufacturers can deliver real-time performance monitoring, enabling predictive maintenance and reducing costly downtime. This approach is particularly beneficial in industries reliant on 24/7 operations, such as manufacturing and logistics. For instance, Bosch Rexroth’s IoT-enabled hydraulic systems exemplify how advanced monitoring solutions can improve diagnostics and maintenance planning. As industries prioritize uptime and operational efficiency, integrating IoT technologies is rapidly becoming a competitive differentiator in the market.
 

Energy efficiency has become a cornerstone of innovation in the hydraulic gear pump market. In response to stringent environmental regulations and the need to cut operational costs, manufacturers are designing pumps that optimize energy usage without compromising performance. Variable displacement pumps, such as those developed by Eaton, adjust output based on demand, reducing energy waste and overall consumption. Additionally, the growing adoption of eco-friendly materials and biodegradable hydraulic components underscores the industry's commitment to sustainability.
 

The hydraulic gear pump market is experiencing dynamic growth fueled by increasing demand from industries such as oil and gas, chemicals and petrochemicals, construction, agriculture, and logistics. With infrastructure projects expanding globally, especially in developing economies, the need for high-performing hydraulic systems has drastically surged. Moreover, the push toward automation in farming and material handling has made these pumps a critical component of modern machinery.
 

However, the market’s growth is hampered by challenges on the supply side, such as fluctuating raw material costs, disruptions in global supply chains, and the high expense of adopting advanced manufacturing technologies. Manufacturers are navigating these hurdles by innovating smarter, energy-efficient designs and leveraging IoT to enhance equipment reliability and reduce downtime, helping to offset some of the pressures.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global hydraulic gear pumps industry was valued at USD 2.2 billion in 2023 and is estimated to grow at a 5.9% CAGR from 2024 to 2032, driven by demand in sectors like construction and agriculture.

The internal gear pump market recorded USD 1.2 billion in 2023 and is expected to grow at a 6.3% CAGR from 2024 to 2032 due to its superior performance and versatility in industrial applications.

The U.S. hydraulic gear pumps market was valued at USD 400 million in 2023 and is expected to grow at a 5.9% CAGR from 2024 to 2032, driven by robust industrial infrastructure and strong demand in key sectors.

Key players in the industry include Bosch Rexroth, Bucher Hydraulics, Casappa, Concentric AB, Daikin Industries, Dynamatic Technologies, Eaton Corporation, Eckerle, Gemma Automotive, Hema USA, Hydac, and Kawasaki Heavy Industries.

Hydraulic Gear Pumps Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 22
  • Pages: 220
 Download Free Sample