Global Variable Displacement Pumps Market is Segmented By Type (Piston Pump, Vane Pump), By Application (Hydraulics Machinery, Internal Combustion (IC) Engine), By End-User (Construction, Mining, Automotive, Agriculture, Material Handling, Plastics, Forestry, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Variable Displacement Pumps Market Overview
The global variable displacement pumps market size is growing at a high CAGR during the forecast period (2023-2030).
A pump is a device that is engineered to convert mechanical energy into hydraulic energy. The pump takes the fluid from the reservoir and uses pipework to transport it to other system parts. Hydraulic pumps are divided into two types: positive displacement and non-positive displacement. Positive displacement pumps create an approximate constant flow at a fixed speed regardless of pressure variations, whereas non-positive hydraulic pumps produce continuous flow.
The variable displacement pump converts mechanical energy to hydraulic energy. But, it can also convert hydraulic energy to mechanical energy. The flow rate and volumetric pressure of variable displacement pumps can be modified during operation. Pumps like these are used to power a wide range of tools. Piston pumps and vane pumps are the main types of variable displacement pumps.
The high-pressure seal reciprocates with the piston in a piston, thus causing fluid movement. A vane pump comprises several vanes that slide into slots in a rotor and can be changed to a pressure-compensated pump by replacing the handwheel. When a force-compensated pump reaches a particular pressure, the pump stops operating.
Variable displacement pumps are more energy-efficient than traditional fixed displacement pumps. High efficiency, ease of operation at high pressures, and ease of control are some of the main advantages of variable displacement pumps. Construction, automobiles, mining, agriculture, plastics, and material handling are some industries that use variable displacement pumps.
Variable Displacement Pumps Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Application, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Variable Displacement Pumps Market Dynamics
The demand for variable displacement pumps is mainly driven by the increasing growth of the food and beverage industry. The operational drawbacks of variable displacement pumps are a critical factor in limiting the development of this market.
Increasing global sales of vehicles
The world has experienced strong economic growth in the last two decades. A majority of that growth has happened in the emerging markets of the Asia-Pacific region. It has lifted millions of people out of poverty and has led to drastic improvements in socio-economic indicators. A large, global urban middle class has emerged with rising disposable income. For the emerging middle class, owning a car is an important aspiration.
Automotive manufacturers are increasingly targeting this segment and increasing options of low-cost, budget-friendly vehicle models with good build quality in their lineups. Companies are also partnering with banks and other financial institutions to offer cheap credit and attractive financing options to encourage car sales. Rising government investment in public transport and increasing economic activity are the main drivers behind commercial vehicle sales growth.
Variable displacement pumps are used in various vehicular systems. The automotive fuel pump is a variable displacement piston pump that feeds fuel from the tank to the injection system. Variable displacement pumps are used in the hydraulic braking system and the hydraulic power steering. Coolant pumps that circulate coolant along the radiator are also variable displacement pumps. According to the International Organization of Motor Vehicle Manufacturers (OICA), more than 44 million new passenger and commercial vehicles will be sold in 2021. Therefore, the automotive industry generates the most significant demand for variable displacement pumps. Increasing global sales of vehicles is a key driver for the growth of the variable displacement pumps market.
Operational drawbacks of variable displacement pumps
High efficiency, ease of operation at high pressures, and ease of control are some of the main advantages of variable displacement pumps that make them ideal for a wide range of industrial and commercial applications. However, there are certain operational drawbacks for variable displacement pumps.
The efficiency of variable-displacement pumps is inferior at low volumetric displacements because the most significant energy losses do not scale with output power. In many applications, the pumps operate at downward displacement for a large portion of the cycle, which results in significant energy losses. Variable displacement pumps have three times the weight of a conventional fixed displacement pump in the exact dimensions and performance.
The cost of variable displacement pumps is also significantly more than other pumps. Therefore, it can hamper the system's performance in certain applications, where low displacement or weight saving is desired. The operational drawbacks of variable displacement pumps limit their adoption and are a crucial challenge for the market's growth.
COVID-19 impact on Variable Displacement Pumps Market Growth
The global variable displacement pumps market was severely impacted due to the COVID-19 pandemic. Industrial manufacturing and construction applications saw steep declines since government-imposed lockdowns and restrictions brought a prolonged halt to these activities globally. Mining activities also saw a varied decrease, corresponding to a global decline in commodity prices in 2020.
Asia-Pacific, one of the largest markets for variable displacement pumps, emerged from the lockdown relatively early, in June 2020 and demand recovered slightly towards the end of 2020. However, Europe and North America and various countries in the Asia-Pacific region, such as India, were hit by the second wave of the pandemic, thereby depressing demand. The global market is expected to recover by early 2021.
The variable displacement pumps market has a globally diversified supply chain with manufacturers, distributors, and retailers spread worldwide. Pump manufacturers typically subcontract the production of pump components to various third parties. The pandemic has caused a knock-on effect on the global supply chain, leading to delays in shipping and disruptions in logistics. It has severely affected the production of pumps, even as demand is recovering. It is expected that pump production will reach pre-pandemic levels by the end of 2021.
The impact of the COVID-19 pandemic has been relatively severe on the variable displacement pumps market. Major customers in various industrial sectors stopped new orders due to the economic uncertainty caused by the pandemic. The pandemic will not significantly impact the long-term growth of the global variable displacement pumps market since the demand will improve as economic activity returns to pre-pandemic levels. The need for variable displacement pumps remains strong and is expected to grow gradually in the coming years.
Variable Displacement Pumps Market Segment Analysis
The global variable displacement pumps market is segmented into type, application, end-user, and region. The variable displacement pumps market is segmented into piston and vane pumps based on type. The piston pump leads this segmentation since it has the most extensive range of applications. Piston pumps have a simplified construction and are more compact than vane pumps. The pumps are ideal for high-pressure applications due to their sealing qualities. Vane pumps are primarily used for specialized applications.
Variable Displacement Pumps Market Geographical Share
Asia-Pacific has a leading share in the global variable displacement pumps market due to major industrializing markets such as China, India, Malaysia, and Indonesia and developed markets like Taiwan, Japan, and South Korea. Some of the most significant variable displacement pump producers and users are located in this region.
Asia-Pacific region has the most significant mining activity globally, with more than 10 billion metric tons of mining products excavated in 2019. Variable displacement pumps are widely used in various types of mining equipment. China is the largest automobile producer globally, with more than 20 million passenger vehicles and 5 million commercial vehicles produced in 2021. India, South Korea, and Japan also have well-developed automotive industries. Vehicles use variable displacement pumps for various systems. Asia-Pacific is expected to retain the largest share in the global variable displacement pumps market in the coming years.
Variable Displacement Pumps Companies and Competitive Landscape
The global variable displacement pumps market is competitive due to the availability of a wide variety of pumps that cater to different end-use applications. Some of the major players contributing to the growth in the segment are Parker Hannifin Corp, Bosch Rexroth AG, Kawasaki Heavy Industries, Ltd., Eaton Corporation, Danfoss A/S, Oilgear, Yuken Kogyo Co., Ltd, HAWE Hydraulik SE, Casappa S.p.A. and Atos Group. The market players adopt several growth strategies such as new product launches, improving existing products, joint ventures, and collaborations, contributing to growth in the global industry.
Parker Hannifin Corp
Overview: Parker Hannifin Corp is an engineering company with primary interests in motion control technologies, aerospace components, climate control systems, electromechanical systems, filtration systems, fluid and gas handling equipment, hydraulic and pneumatic equipment, process control, sealing, and shielding. The company employs 58,000 people globally and its products are sold in more than 55 countries globally through an extensive network of distributors. Parker Hannifin was founded by American engineer Arthur L. Parker in 1917 and is headquartered in Mayfield Heights, Ohio, U.S.
Product Portfolio
- P1 Series is a piston-type, medium-pressure variable displacement pump. It has a maximum rated working pressure of 280 bar, with a displacement of 140 m3/rev and a flow rate of 278 l/min. It is mainly intended for mobile open-circuit applications.
Key Developments:
- In September 2021, Parker Hannifin Corp unveiled a new line of variable displacement pumps called V16 for various heavy-duty industrial applications.
