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2017

Variable Displacement Pumps Market

Variable Displacement Pumps Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Piston and Vane), by Application (Hydraulic machine and IC Engine), and by End-user (Construction, Automotive, Oil & Gas, Mining, Agriculture, Material handling, water & waste water management, and others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Author's: Preksha Verma | Sonia Mutreja
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Variable Displacement Pumps Market Outlook - 2023

Variable Displacement Pumps Market size was valued at $3,322 million in 2016, and is projected to reach $4,478 million in 2023, growing at a CAGR of 4.4%. The substantial growth in automotive and manufacturing sector fosters the demand for variable displacement pumps. Variable displacement pump is a type of hydraulic pump that makes positive displacement.

Variable displacement pumps are energy-efficient as compared to fixed displacement pumps as the pumps doesn’t require manual control and can control the amount of flow via valves that control speed of hydraulic actuators. Growth in construction industry is the major driver for the incremented demand for variable displacement pumps, which are used to have better control over large machine activities. Rising population and rapid urbanization would further contribute to the blooming construction industry, thus, the market for variable displacement pumps would also grow.

Variable Displacement Pumps Market by geography

The global variable displacement pumps market is segmented based on type, application, end-user and geography. Based on type, the market is categorized into vane pump and piston pump. Piston pumps would dominate the market throughout the analysis period owing to its wide volumetric & pressure efficiency range. Market by application comprises hydraulic and IC engine. Hydraulic pumps accounts for maximum market share due to increasing usage of hydraulic pumps in the manufacturing industry. The end-user segment include construction, agriculture, mining, automotive, material handling, oil & gas, water & waste water management, and others.

Market Segmentation

Type

Variable displacement piston pumps market share is expected to grow at a considerable growth rate during the forecast period. It is a type of positive displacement pump in which number of pistons are arranged in a certain manner. It could be used as a stand-alone pump, an automotive air conditioning compressor, or a hydraulic motor.

Variable Displacement Pumps Market by type

End user

Variable displacement pumps market for construction and water & waste water management industries is expected to grow at the significant growth rate during the forecast period. Water & waste water management is one of the crucial task of a city or a town, for which high-pressure, high torque, and highly efficient motors and pumps are required. Increase in innovations, high demands for high-performance, and efficient high-pressure pumps are expected to offer numerous growth opportunities for market expansion. Furthermore, the demand for hydropower energy and tidal energy is expected to drive the market growth. Increase in need for planned cities and towns and rise in standards of living in the developing countries are expected to fuel the variable displacement pumps market growth in this sector.

Variable Displacement Pumps Market by end user

Top Investment Pockets

The following graph signifies the growth potential of the global variable displacement pumps market size based on end-user. The market is driven by construction and automotive segments and accounted for the highest market share in 2016. The major factors that drive the growth of these segments include high adoption of process automation, significant growth of construction industry in the Asia-Pacific and LAMEA, rise in need for renewable energy, upgrade of existing machineries and equipment in factories, and technological upgrades in the design of piston and other displacement pumps.

Market Drivers

Increase in Sales in Automotive Industry

Increase in sale of automobiles around the globe has accelerated the growth of the variable displacement pumps market, especially in heavy duty vehicles such as cranes, trucks, and others. Eastern and Western Europe have witnessed increase in sale of car in recent years. Recovery of Southern European nations has led to increase in sale of cars. Moreover, in U.S. as well low gas prices and favorable auto loan financing are driving the demand for cars. Variable pumps are used in breaks and steering wheel. Therefore, increase in sale of cars would propel the growth of the variable displacement pumps market.

Technological Advancements in the Design of Pumps

Design upgradation and technical innovation has fueled the adoption of axial piston variable displacement pumps in various end-user industries. Displacement-controlled actuators and advanced continuously variable transmissions for mobile machines are the latest technologies which allow reduced emissions and fuel savings. This will increase the demand for positive displacement pumps, which is the parent market for axial piston pumps. Further, stringent legislations and regulations regarding eco-friendly equipment, especially in mobile hydraulics and industrial machinery has driven the demand for energy efficient, high pressure, high performance, and adaptable axial piston variable displacement pumps.

Geography

The Asia-Pacific variable displacement pumps market is expected to show significant growth in the near future, owing to development in infrastructure, availability of multiple manufacturing facilities, increase in population, significant growth in GDP in the developing countries, and increase in construction activities.
Technological advancements, increase in process automation, growth of oil & gas industry, and design upgradation of pumps & motors are expected to drive the market growth. Deep water and ultra-deep water reserves in Asia-Pacific are expected to contribute toward oil & gas production, and is expected to increase the sales of hydraulic pumps.

The key players profiled in this report are Bosch Rexroth AG, Parker Hannifin Corp., Danfoss A/S, Eaton Corporation, The Oilgear Company, Kawasaki Heavy Industries, Ltd., Yuken Kogyo Co., Hawe Hydraulics, Casappa SPA and Ranger Caradoc Hydraulics Ltd.

Key Benefits

  • The study provides an in-depth analysis of the global variable displacement pumps market trends & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
  • Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the variable displacement pumps industry.
  • The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
  • The report includes the variable displacement pumps market share of key vendors and market trends.

Variable Displacement Pumps Market Key Segment:

By Type

  • Piston
  • Vane

By Application

  • Hydraulic machine
  • IC Engine

By End-user

  • Construction
  • Mining
  • Automotive
  • Agriculture
  • Material handling
  • Oil & Gas
  • Water & Waste water management
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled In the Report

  • Bosch Rexroth AG
  • Parker Hannifin Corp.
  • Danfoss A/S
  • Eaton Corporation
  • The Oilgear Company
  • Kawasaki Heavy Industries, Ltd.
  • Yuken Kogyo Co.
  • Hawe Hydraulics
  • Casappa SPA
  • Ranger Caradoc Hydraulics Ltd.

Variable Displacement Pumps Market Report Highlights

Aspects Details
Variable Displacement Pumps Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By TYPE
By TYPE
  • PISTON PUMPS
    • Axial piston pumps
    • Radial piston pumps
  • VANE PUMPS
Variable Displacement Pumps Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By APPLICATION
By APPLICATION
  • HYDRAULIC MACHINE
  • IC ENGINE
Variable Displacement Pumps Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By END-USER INDUSTRIES
By END-USER INDUSTRIES
  • CONSTRUCTION
  • MINING
  • AUTOMOTIVE
  • AGRICULTURE
  • MATERIAL HANDLING
  • OIL & GAS
  • WATER & WASTE WATER MANAGEMENT
  • OTHERS
Variable Displacement Pumps Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By GEOGRAPHY
By GEOGRAPHY
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Argentina
    • Rest of LAMEA
Key Market Players
Key Market Players

YUKEN KOGYO CO., LTD., HAWE HYDRAULIK SE, EATON CORPORATION, DANFOSS GROUP, RANGER CARADOC HYDRAULICS LTD., KAWASAKI HEAVY INDUSTRIES, LTD., THE OILGEAR COMPANY, PARKER HANNIFIN CORPORATION, ROBERT BOSCH GMBH (BOSCH REXROTH AG), CASAPPA S.P.A.

Analyst Review

The fluid technology has been widely implemented over the years in industrial and mobile applications, including construction, forestry, mining, and agriculture machinery. The growth in construction activities and increase in population is projected to fuel the demand of the construction activities and hence, for variable displacement pumps.  

The market players have turned to develop new ways for saving energy and reducing emissions, owing to the stringent fuel consumption and emission norms. For instance, Oilgear Manufacturing introduced a new range of variable displacement pumps to the EMEA market. The new range includes axial piston pumps and other electro-hydraulic packages.

Higher demand for piston pumps are due to the advanced technical properties and high performance, which would result in significant market growth of piston displacement pumps.

Variable displacement pumps have versatile application areas as they capture the maximum amount of hydraulic fluid energy. The proliferated growth in the construction and automotive industries is expected to propel the demand for variable displacement pumps in the market.

Author Name(s) : Preksha Verma | Sonia Mutreja

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Variable Displacement Pumps Market

Global Opportunity Analysis and Industry Forecast, 2017-2023