Gear Pump Market Size Worth USD 2.32 Billion by 2025 453 0 Kommentare Hexa Research - Seite 2

Growing global population and demand for food are driving growth of agriculture industry. Nevertheless, changing lifestyle and increasing disposable income are creating a huge demand for residential construction and passenger cars. Thus, rapidly expanding construction, automotive, and agriculture sectors, especially in emerging economies including China and India, would drive the market.

The Europe gear pump market is expected to register a CAGR of 3.3% from 2017 to 2025. Increasing government initiatives for minimizing energy consumption and CO2 emission coupled with demand for cost-effective solutions and quality products are expected to propel the growth. Moreover, rising focus on R&D activities by key companies is expected to provide substantial business opportunities.

In emerging economies, such as China and India, lower product penetration and extensive applications are the key growth opportunity drivers. Many prominent large- and medium-scale enterprises are investing in manufacturing positive displacement pumps. Therefore, certain economies within the Asia Pacific and Middle East and Africa regions are anticipated to be lucrative markets for gear pumps over the next few years.

Major manufacturers in the gear pump market are Eaton Corp. PLC; Bosch Rexroth AG; Kawasaki Heavy Industries, Ltd.; Haight Pumps; Viking Pump, Inc.; Parker Hannifin Corp.; Albany Pumps. These companies engage in manufacturing internal and external gear pumps. Each of these companies has a broad product portfolio wherein different series and models of gear pumps are featured with various combinations of specifications.

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Hexa Research has segmented the global gear pump market report based on product type, application and region:-

Segmentation by Product Type
- Internal
- External
Segmentation by Application
- Construction
- Automotive
- Chemicals
- Agriculture
- Oil & Gas
- Pulp & Paper
- Food & Beverages
- Others
Segmentation by Region
- North America
  - U.S.
- Europe
  - Germany
  - U.K.
- Asia Pacific
  - China
  - India
- Central and South America
- Middle East and Africa