The global internal gear pump market value is estimated to be USD 552 million in 2024. The global demand for internal gear pumps is anticipated to rise at a CAGR of 4.2% from 2024 to 2034. Global sales of internal gear pumps are projected to reach USD 857.2 million by 2034.
Global Market Trends in the Internal Gear Pump Industry
| Report Attribute | Details |
|---|---|
| Global Internal Gear Pump Market Share (2024) | USD 552 million |
| Market Anticipated Forecast Value (2034) | USD 857.2 million |
| Market Projected Growth Rate (2024 to 2034) | 4.2% |
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The overall industrial gear pump industry generated a revenue of around USD 443.7 million in 2019. The worldwide sales of internal gear pumps were observed to rise at a CAGR of 4.5% from 2019 to 2023. The market value was USD 529.1 million in 2023.
| Attributes | Details |
|---|---|
| Internal Gear Pump Market Size (2019) | USD 443.7 million |
| Historical Market Size (2023) | USD 529.1 million |
| CAGR (2019 to 2023) | 4.5% |
Internal gear pumps are a good choice against external gear pumps for many applications where sufficient working area is a practical constraint. Many end users also adopt it for space efficiency, and its small size makes it simpler to integrate them into existing systems. So, in the coming years, rising investments in the establishment of energy-efficient industries are anticipated to drive sales of internal gear pumps globally.
As oil transfer gear pumps can handle fossil fluids with different specific gravities and perform well in harsh environments, they are becoming more popular in the petrochemical industry. Moreover, the growing global demand for energy is expected to expand the oil exploration industries, indirectly driving the demand for internal gear pumps.
Food and beverage companies find internal gear pumps more appealing because of their flexibility to work with fluids of different viscosity levels. So, the ongoing surge in the establishment of food processing industries across all countries is also anticipated to drive the demand for internal rotary pumps.
Industries adopting automation find smart and linked hydraulic gear pumps intriguing as they help improve industrial processes and mechanize fluid transfer. So, by combining smart control features with such gear pumps, the manufacturers can make their products and brands stand out in the marketplace.
The chart below represents the expected average growth rates of the internal gear pump market in specific countries. The industries in the United States and the United Kingdom are anticipated to advance at more or less equal growth rates owing to identical market orientations and technological competence. Meanwhile, emerging economies in Asia like China and India are expected to experience higher growth rates to bridge the gap in regional and global industries.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 3.8% |
| China | 4.7% |
| United Kingdom | 3.8% |
| India | 4.9% |
The United States internal gear pump market is poised to advance at a 3.8% CAGR through the projected period.
The growth in the United States internal gear pump market is attributed to ongoing technical developments and material innovation. Higher investments of regional players to improve their pumps' overall performance, wear resistance, and durability are expected to strengthen the market’s position in the country.
The United Kingdom's internal gear pump market is set to advance at a CAGR of 3.8% from 2024 to 2034.
The industrial gear pump market in the United Kingdom is evolving rapidly to comply with stringent regulatory standards in various sectors. For instance, there are strong guidelines to use only stainless steel internal gear pumps instead of cast iron ones in the food processing and chemical industries.
Chinese industrial manufacturers are anticipated to increase their high-speed gear pump production by 4.7% per year on average till 2034.
The growing availability and widespread usage of internal gear pumps in many Asian countries can be attributed to their cross-border commerce with China. So, economic development and industrialization in the adjacent countries are anticipated to further drive the internal gear pump shipments from China.
Over the next ten years, sales of internal gear pumps in the Indian market are expected to rise at an impressive 4.9% CAGR.
In India, the increase in demand for internal gear pump is mostly associated with energy consumption and operations, particularly in small-scale industries. Also, the government's support for regional industries to purchase high-end industrial equipment at a rebated price is expected to propel the demand for internal gear pumps.
The demand for internal gear pumps in the heavy-duty segment held an overall market share of 32% in 2023.
| Attributes | Details |
|---|---|
| Top Product Type | Heavy-duty |
| Market Share in 2023 | 32% |
Gear pumps are mostly adopted by large-scale industries to transfer huge loads of fluid continuously. So, the heavy-duty segment is expected to hold its dominance in the market over the forecast period. The compact and portable design of these pumps is also expected to drive sales of internal gear pump products in less capacity segments in recent years.
The use of internal gear pumps in marine industries contributed to almost 21% of the global market in 2023.
| Attributes | Details |
|---|---|
| Top End-use Industry | Marine Industries |
| Market Share in 2023 | 21% |
Abrasive and corrosive chemicals or fluids are handled by internal gear pumps better, as any wear and tear in piston pumps reduces the pumping pressure. So, internal gear pumps are getting widely adopted in marine industries and they are expected to remain the leading end-use industry segment through 2034.
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The overall hydraulic gear pump market is highly competitive, with many global and regional players supplying internal gear pumps as well as external gear pumps. Regional manufacturers of internal gear pumps are now designing gear-type positive displacement pumps fitted to distinct industrial applications to gain a competitive edge. A genuine improvement in the handling of fluids and providing a dependable solution to fulfill and surpass any facility's operating requirements is the key to remaining competitive.
Recent Developments in the Global Internal Gear Pump Market
| Attributes | Details |
|---|---|
| Estimated Market Size (2024) | USD 552 million |
| Projected Market Size (2034) | USD 857.2 million |
| Anticipated Growth Rate (2024 to 2034) | 4.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Material, By Packaging Format, By End Use, and By Region |
| Key Companies Profiled | Bosch Rexroth; Sumitomo Precision; Viking Pump; Dover; NOP; Voith; Tuthill; Yuken; SPX FLOW; Bucher Hydraulics; Haight Pumps; Hydac International; Daido Machinery; HSP; Shangai Heshan Pump; Taibang; Chongqing Huanzhou Pumps; Hannuo Pump |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global gear pump market is expected to grow at a CAGR of 4.2% during the forecast period.
The global gear pump market is predicted to be valued at USD 857.2 million by 2034.
The global gear pump market was valued at USD 529.1 million in 2023.
Europe accounts for nearly 25% of the revenue share of the global internal gear pump market.
The internal gear pump market in India is predicted to witness a CAGR of 4.9% through 2034.
| Estimated Market Share in 2023 | USD 14.12 billion |
|---|---|
| Forecasted Market Size by 2033 | USD 21.72 billion |
| Projected Market CAGR (2023 to 2033) | 4.4% |
| Projected Forecast Value (2023) | USD 672.5 million |
|---|---|
| Projected Forecast Value (2033) | USD 1,251 million |
| CAGR (2023 to 2033) | 6.4% |
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Internal Gear Pump Market
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