Steel Internal Gear Pump Market size was valued at USD 340 Million in 2024 and is projected to reach USD 500 Million by 2033, exhibiting a CAGR of 4.5% from 2026 to 2033.
In 2022, the global steel internal gear pump market was valued at approximately $495.95 million and is projected to reach $683.83 million by 2028, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. The Asia Pacific region is expected to witness significant growth, with countries like China and India experiencing CAGRs of 4.7% and 4.9%, respectively, from 2024 to 2034. North America, particularly the United States, is anticipated to advance at a CAGR of 3.8% during the same period, driven by technological developments and material innovations. Europes market, led by the United Kingdom, is also projected to grow at a CAGR of 3.8%, influenced by stringent regulatory standards favoring the use of steel pumps over cast iron in industries such as food processing and chemicals. Opportunities for growth in the steel internal gear pump market are emerging from the increasing demand for energy efficient and sustainable pumping solutions. The integration of smart technologies and IoT in pump systems presents avenues for manufacturers to offer advanced, connected solutions that enhance operational efficiency and reduce downtime. Additionally, the expanding industrial activities and infrastructure development projects globally, especially in emerging economies, are driving the demand for efficient fluid handling systems. However, the market faces challenges such as intense competition from alternative pumping technologies and fluctuations in raw material prices, particularly steel, which can impact manufacturing costs and pricing strategies.
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Bosch Rexroth
Sumitomo Precision
IDEX Corporation
Dover
NOP
Voith
Tuthill
Yuken
SPX FLOW
Bucher Hydraulics
Haight Pumps
Hydac International
Daido Machinery
HSP
Shanghai Heshan Pump
Taibang
Chongqing Huanzhou Pumps
Hannuo Pump
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steel Internal Gear Pump Market
Fixed Displacement Steel Internal Gear Pump
Variable Displacement Steel Internal Gear Pump
Automotive
Agriculture
Construction
Oil & Gas
Industrial Manufacturing
Food & Beverage
Others
Low Flow Rate
Medium Flow Rate
High Flow Rate
Low Pressure
Medium Pressure
High Pressure
Hydraulic Systems
Lubrication Systems
Fuel Systems
Power Steering Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steel Internal Gear Pump Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Steel Internal Gear Pump Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steel Internal Gear Pump Market, By Type
6. Global Steel Internal Gear Pump Market, By Application
7. Global Steel Internal Gear Pump Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steel Internal Gear Pump Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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