Gerotor Pump Market REPORT OVERVIEW
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The global gerotor pump market size was in USD 271.05 million 2021. As per our research, the market is expected to reach USD 344.77 million by 2027, exhibiting a CAGR of 4.09% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
A Gerotor pump is a positive displacement pump employed in a range of industrial and automotive contexts for the conveyance of fluids, predominantly liquids such as oil, fuel, lubricants, and viscous substances. Its functionality relies on the positive displacement principle, wherein a system of meshing gears or lobes establishes compartments that capture and convey fluid from the inlet to the outlet.
COVID-19 Impact: Increased Demand for Medical Equipment among Population to Fuel Market Growth
The pandemic triggered a substantial increase in the need for medical equipment, including ventilators and diagnostic devices. A significant number of these medical devices depend on Gerotor pumps for fluid management and circulation. Consequently, this heightened demand led to a boost in sales and production for pump manufacturers catering to the medical sector.
Similar to various other industries, the Gerotor pump sector encountered challenges stemming from disruptions in the global supply chain during the pandemic. Lockdowns, restrictions, and manufacturing process interruptions all played a part in these disruptions. As a result, there were delays in the manufacturing process and in securing essential components, which, in turn, had an adverse impact on the punctual delivery of pumps to customers.
LATEST TRENDS
"Focus on Energy Efficiency, and Expanding Use in Electric and Hybrid Vehicles to Fuel Market Growth "
The tightening of environmental regulations and the pursuit of sustainability objectives have placed industries under greater scrutiny to diminish their carbon emissions and cut down on energy usage. In response, Gerotor pump manufacturers are actively working on crafting pumps with enhanced energy efficiency to assist end-users in complying with these regulatory demands. These energy-efficient Gerotor pumps offer substantial cost savings for enterprises. By employing pumps that demand less energy for their operation, companies can effectively reduce their energy expenditures, a particularly critical consideration in sectors with substantial energy usage. As electric and hybrid vehicles gained greater prominence, Gerotor pumps began to see increased utilization in tasks such as cooling and lubricating batteries. With the ongoing evolution of the automotive sector towards more environmentally friendly options, the anticipated trend was a growing demand for these pumps in eco-conscious vehicles.
SEGMENTATION
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By Type
Based on Type market is classified as Hydraulic Fluid Pump, Lube Oil Pump, Light Fuel Oils Pump, and Others.
By Application
Based on Application market is classified as Automotive Drivetrain, Industrial, and Others.
DRIVING FACTORS
"Growing Industrial and Manufacturing Sectors to Fuel Market Growth "
The industrial and manufacturing sectors, encompassing automotive, aerospace, and chemical industries, are witnessing substantial gerotor pump market growth, driving the demand for efficient fluid handling systems. Gerotor pumps, renowned for their precision and reliability, are poised to thrive in response to this burgeoning market demand, making them a preferred choice for a wide range of industrial applications
"Increasing Automotive Production to Stimulate Market Progress"
With the automotive industry experiencing continuous expansion, the need for gerotor pumps in critical applications like engine lubrication and fuel delivery systems is on the rise. This escalating demand underscores the pivotal role gerotor pumps play in meeting the automotive sector's evolving requirements.
RESTRAINING FACTORS
"Cost Constraints to Harm Market Growth "
For certain potential users, the upfront investment and ongoing maintenance expenses linked to gerotor pump systems may act as a deterrent, constraining their willingness to embrace this technology.
REGIONAL INSIGHTS
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"North America To Dominate The Market Owing To The Surge In Demand For High-Efficiency Pumps "
In North America, notably within the United States and Canada, the region holds a substantial gerotor pumps market share. The automotive and aerospace sectors dominate the consumption of gerotor pumps in this region. The surge in demand for high-efficiency gerotor pumps, driven by stringent environmental regulations aimed at emissions reduction, has contributed significantly to this market share.
KEY INDUSTRY PLAYERS
"Multitude Of Companies That Played A Pivotal Role In Expansion Of The Market "
Within the gerotor pump market, significant industry players abound. Eaton, a worldwide powerhouse in power management solutions, boasts a comprehensive portfolio of hydraulic components, encompassing gerotor pumps, catering to diverse industrial sectors.
List of Market Players Profiled
- Parker (U.S.)
- GRIBI Hydraulics (Switzerland)
- Cascon (U.S.)
- SKF (Sweden)
- Bosch Rexroth (Germany)
REPORT COVERAGE
The future demand for the gerotor pump market is covered in this study. The Research report includes the Increased Demand for Medical Equipment due to the Covid-19 Impact. The report covers the latest trends in Focus on Energy Efficiency. The paper includes a segmentation of the market. The research paper includes the driving factors that are Growing Industrial and Manufacturing Sectors. The report also covers information on Regional Insights where the region which has emerged leading market for gerotor pump.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 271.05 Million in 0 |
Market Size Value By |
US$ 344.77 Million by 0 |
Growth Rate |
CAGR of 4.09% from 0 to 0 |
Forecast Period |
2021-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the gerotor pump market expected to touch by 2027?
The global gerotor pump market size is expected to reach USD 344.77 million by 2027.
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What CAGR is the global gerotor pump market expected to exhibit by 2027?
The global gerotor pump market is expected to exhibit a CAGR of 4.09% by 2027.
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Which are the driving factors of the Gerotor Pump market?
The driving factors of the Gerotor Pump market are Growing Industrial and Manufacturing Sectors, and Increasing Automotive Production.
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Which are the key players or most dominating companies functioning in the Gerotor Pump market?
Parker, GRIBI Hydraulics, Cascon, SKF, and Bosch Rexroth are the key players or most dominating companies functioning in the Gerotor Pump market.
