The internal gear pump market has seen robust growth, growing from $0.59 billion in 2023 to $0.63 billion in 2024, with a CAGR of 6.9%. This growth is attributed to increasing environmental awareness, advancements in the energy sector, widespread adoption of hydraulic systems, global expansion of the oil and gas industry, and rapid growth in the automotive sector. The market is expected to continue growing, reaching $0.83 billion by 2028, with a CAGR of 7.0%. This growth is driven by rapid industrialization, increased infrastructure projects, the need for hygienic and precise pumping solutions, a focus on reducing operational costs and maintenance downtime, and stringent fluid handling regulations. Trends in the forecast period include customizable internal gear pumps, digital technology integration, system upgrades and retrofits, development of compact pumps, and advancements in materials.
Global Internal Gear Pump Market Key Driver
The growing demand in the oil and gas sector is anticipated to drive the internal gear pump market forward. The oil and gas industry, critical for exploring, extracting, and refining petroleum products, is expanding due to rising energy demand, geopolitical tensions, and innovations. Internal gear pumps play a vital role in this sector by efficiently handling diverse fluid viscosities and temperatures. According to the Department for Business and Trade in 2024, global gas demand is projected to increase from approximately 4.5 trillion cubic meters in 2020 to around 5.5 trillion cubic meters in 2041, with global oil demand expected to rise to 108.2 million barrels per day by 2045, up from 90.6 million barrels per day in 2020. This increased demand in the oil and gas sector is driving the internal gear pump market growth.
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Global Internal Gear Pump Market Segments
The internal gear pump market covered in this report is segmented –
1) By Product Type: Steel Pumps, Cast Iron Pumps, Other Product Types
2) By Operating Pressure: Less Than 100 Bar, 100–300 Bar, Above 300 Bar
3) By End-Use Industry: Chemical Industry, Marine Industry, Oil And Gas Sector, Food And Beverage Companies, Other End-Use Industries
By Geography:The regions covered in the internal gear pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the internal gear pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Internal Gear Pump Industry Players
Dover Corporation, Bosch Rexroth AG, Ingersoll Rand, Voith GmbH & Co. KGaA, HYDAC International GmbH, CIRCOR International Inc., SUMITOMO PRECISION PRODUCTS Co. Ltd., DESMI A/S, Viking Pump Inc., Hayward Gordon, Tuthill Corporation, IDEX India, Eckerle GmbH, Varisco, Bucher Hydraulics, Applied Pumps Limited, Daido Machinery Corporation, Haight Pump, Delta PD Pumps, Pulsafeeder, Camel Precision Co. Ltd.
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Internal Gear Pump Market Overview
An internal gear pump is a form of positive displacement pump that pumps through the meshing of internal gears. It normally comprises of two gears, one with exterior teeth (the rotor) and one with internal teeth (the idler). They are recognized for their ability to support a wide range of viscosities and being efficient under differed pressure circumstances.
Internal Gear Pump Global Market Report 2023 provides data on the global internal gear pump market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The internal gear pump market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
