The internal gear pump market is poised for substantial growth as various industries increasingly seek efficient and reliable solutions for fluid handling. Experts forecast that the market will reach a valuation of $0.89 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.7%. This potential growth is driven by several factors, including the rising adoption of process automation, energy efficiency standards, and an increased demand for hygienic pumps across sectors like food, beverage, and pharmaceuticals.
One of the primary catalysts of this market’s expansion is the trend towards automation in manufacturing and processing environments. Automated systems often require precise pumping mechanisms, and internal gear pumps are well-suited for these applications. Companies are also under pressure to enhance energy efficiency, prompting a transition to pumps that utilize less power while maintaining performance standards.
The demand for hygienic pumps, particularly in sectors that adhere to strict cleanliness requirements, is another significant driver. This includes the food, beverage, and pharmaceutical industries, which are increasingly adopting internal gear pump technology designed for sanitary applications. Furthermore, as the specialty chemicals market grows, there is a rising need for pumps that can efficiently handle varying chemical properties, further boosting internal gear pump adoption.
Major players in the internal gear pump market, such as Dover Corporation, Bosch Rexroth AG, Ingersoll Rand, and Voith GmbH, are actively influencing market trends. Recently, Atlas Copco Group, a Swedish industrial equipment manufacturer, acquired KRACHT GmbH to enhance its pump portfolio. KRACHT is known for its high-quality external gear pumps, indicating a strategic move to expand in fluid handling sectors including chemical and petrochemical industries.
Innovation within the internal gear pump space is also noteworthy. Companies are developing advanced pump designs, such as the 4-quadrant internal gear pumps, improving flow quality and efficiency. For instance, Moog Inc. recently launched its EPU-G model, featuring a new 4-quadrant design integrated with a servomotor, capable of delivering flow rates from 20 to 85 liters per minute while managing high-pressure applications.
The internal gear pump market can be further segmented by product type, operating pressure, and application sector. This segmentation allows stakeholders to understand market dynamics better and identify growth opportunities across different segments, including chemical, marine, oil and gas, and food and beverage industries.
As industries continue to modernize and adapt to new technologies, the internal gear pump market shows promise for innovation and growth, paving the way for enhanced solutions that meet the future demands of fluid handling.