Variable Displacement Pumps Market

Variable Displacement Pumps Market Size (2023-2028):

The variable displacement pump market size was valued at USD 3.64 billion in 2022 and is predicted to reach USD 4.96 billion by 2028, registering a CAGR of 5.2% between 2023 and 2028. Escalating construction in all regions is predicted to generate calls and drive the variable displacement pump market during the foreseen period. Advanced properties such as a wide range of pressure and volumetric efficiency and lightweight piston pump are driving the worldwide market for variable displacement pumps. A variable displacement pump is a type of positive displacement pump, where the volume of the fluid pump can be changed while the pump is running. The main function of the variable displacement pump is to convert mechanical energy into hydraulic energy. The variable displacement pump is energy efficient and has a variable flow rate with operating speed control, making it the most preferred type of pump in various industries.

They use less energy than fixed displacement pumps, making them highly preferred in various end-use industries. A variable displacement pump is a device that is employed to convert mechanical energy into hydraulic energy. Displacement refers to the amount of fluid pumped per revolution of the input shaft of the pump. This can vary depending on the requirement. The variable displacement pump is one of two types of hydraulic pumps; the fixed displacement pump is the other. The fixed displacement pump has a fixed flow, while the flow of a variable displacement pump can vary even while the pump is running. The ability to vary the power displacement in a variable displacement pump has allowed it to gain prominence over fixed displacement pumps.

Variable Displacement Pumps Market Trends:

Over the years, fluid technology has been widely employed in industrial and mobile applications such as forestry, construction, mining, and agricultural machinery. In a hydraulic pump, two types of positive displacement pumps are employed, namely fixed and variable displacement pumps. Variable displacement pumps are comparatively more expensive and complex, but they are more efficient. Variable displacement pumps are widely employed in the construction industry to provide better control of machines. The expansion of the construction activity and the increase in the population will boost the call for construction activity; which in turn will contribute to the expansion of the variable displacement pump market.

Variable Displacement Pumps Market Drivers:

Variable displacement pumps have come a long way to overcome the stigma of efficient hydraulic systems. These variable displacement pumps only provide flow when needed and provide an added benefit as the oil does not generate heat in the circuit when no work is being done on the actuator. Additionally, variable displacement pumps can be controlled to produce power when needed. Therefore, no energy is wasted when heat is not developed. Additionally, variable displacement pumps also reduce or eliminate the need for pressure reducers and flow control. Therefore, variable displacement pumps are more expensive than their counterparts. During the foreseen period, the increase in the number of vehicles and the expansion of the construction industry are two main factors that are predicted to drive the call in the market for variable displacement pumps. Furthermore, the remarkable expansion in industrial production is predicted to stimulate the call for variable displacement pumps. Due to the various advantages of a piston pump, such as pressure efficiency and a wide volumetric range, it is the most preferred among other variable displacement pumps.

Variable Displacement Pumps Market Restraints:

The main factor limiting the expansion of the variable displacement pump market is its high cost compared to other pumps. Variable displacement pumps have been found to be five to six times more expensive than fixed displacement pumps. Variable displacement pumps have a very complex design. They are designed to provide variable flow and displacement in accordance with required standards.

VARIABLE DISPLACEMENT PUMPS MARKET REPORT COVERAGE:

Opportunities in the Variable Displacement Pumps Market:

Expansion in the construction industry is the main driver of the worldwide variable displacement pump market. Countries in developed and developing regions are investing heavily in infrastructure. This has stimulated the call for variable displacement pumps on various machines employed in the construction industry. Escalatingcall from end-use industries, innovative properties of variable displacement pumps, and technical advancements are some of the major key drivers, which are predicted to drive expansion in the worldwide variable displacement pump market. Advanced properties such as the wide range of pressure and volumetric efficiency and light weight of the piston pump are predicted to exploit the worldwide market for variable displacement pumps.

Challenges in the Variable Displacement Pumps Market:

The comparatively higher price of the variable displacement pump is one of the limiting factors in the market. It is a more complex pump than the fixed displacement pump. At the same time, you can perform a wide variety of tasks. Therefore, variable displacement pumps are more expensive than fixed displacement pumps. High pump capacity and substitute availability are hampering the expansion of the worldwide variable displacement pump market.

Variable Displacement Pumps Market Segmentation:

By Type:

• Piston

• Vane

The type-based variable displacement pump market is dominated by the piston pump, the main type of variable displacement pump that accounted for the maximum market share in 2021.

By Application:

• Hydraulic
• IC Engine

The variable displacement pump market by application is dominated by the hydraulic machinery segment primarily due to increased calls from end-use industries such as construction and mining.

By End-Use Industry:

• Construction

• Mining

• Automotive

• Agriculture

• Plastic

• Material Handling

Variable displacement pumps are widely employed by the automotive industry in IC motors for lubrication and vehicle production equipment. The IC engine variable displacement pump draws oil from the oil pan and supplies pressurized oil to various engine components.

Variable Displacement Pumps Regional Analysis:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

Asia-Pacific is currently the largest market for variable displacement pumps. Growing end-use industries such as construction and automotive in the region are predicted to drive the growing call for variable displacement pumps. North America was the second-largest market in 2021. This expansion is attributed to the strong presence of the major market players in the region. During the foreseen period, Asia-Pacific will be the largest contributor in the variable displacement pump market. This can be attributed to factors such as economic expansion, especially in the automotive and construction industries. Additionally, improved living standards associated with rapid industrialization in Asia-Pacific are driving the variable displacement pump market.

Asia-Pacific is predicted to dominate the worldwide variable displacement pump market during the foreseen period. This is primarily attributed to escalating economic expansion, followed by substantial investments in end-use industries, including automotive, construction, and agriculture. Due to the economic contraction and the saturation of the markets in the European and North American regions, the call is directed toward the Asia-Pacific region. Furthermore, with Chinese companies providing cheap labor and foreign companies offering advanced technologies, the variable displacement pump market is experiencing significant expansion in the region. Asia-Pacific is predicted to dominate the worldwide market, driven by strong expansion in the construction and automotive industries. Furthermore, the presence of the major players is predicted to drive the expansion of the worldwide variable displacement pump market during the foreseen period.

Recent Developments in the Variable Displacement Pumps Market:

• Bosch Rexroth features a piston gear pump with a common suction port. Fully assembled and ready for integration, the piston-gear pump assembly features a common orifice that eliminates the dedicated suction line for the gear pump.
• Moog launches a new series of high-pressure radial piston pumps. Moog, a designer, and manufacturer of high-performance motion control products, solutions, and services, has launched a new series of high-pressure radial piston pumps.

Variable Displacement Pumps Market Key Players:

1. Bosch Rexroth AG (Germany)
2. Parker Hannifin Corp. (U.S.)
3. Danfoss A/S (Denmark)
4. Eaton Corporation (U.S.)
5. The Oilgear Company (U.S.)
6. Kawasaki Heavy Industries (Japan)
7. Yuken Kogyo Co., Ltd. (Japan)
8. Atos Spa (Italy)
9. Hawe Hydraulics (Germany)
10. Casappa Spa (Italy)