Global Variable Displacement Pump Market Overview
The Variable Displacement Pump Market Size was estimated at 5.57 (USD Billion) in 2022.The Variable Displacement Pump Industry is expected to grow from 5.78(USD Billion) in 2023 to 8.0 (USD Billion) by 2032. The Variable Displacement Pump Market CAGR (growth rate) is expected to be around 3.68% during the forecast period (2024 - 2032).
Key Variable Displacement Pump Market Trends Highlighted
The increasing adoption of energy-efficient technologies in various industries represents a significant driver for the variable displacement pump market. The demand for pumps that optimize performance and reduce energy consumption is growing due to rising energy costs and environmental concerns. Furthermore, the growing implementation of variable displacement pumps in mobile hydraulic systems, where compact and efficient power sources are crucial, presents opportunities for market growth. The trend towards electrification in the automotive and industrial sectors is opening up new avenues for variable displacement pumps, as they enable more precise control of fluid flow and pressure in electric vehicles and hybrid systems.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Variable Displacement Pump Market Drivers
Increasing Demand for Energy-Efficient Solutions
Variable displacement pumps offer significant advantages in terms of energy efficiency compared to traditional fixed displacement pumps. This is because they can adjust their displacement based on system demand, which reduces energy consumption and operating costs. As the global focus on sustainability intensifies, there is a growing demand for energy-efficient solutions across various industries, including manufacturing, automotive, and construction.This trend is expected to drive the growth of the global variable displacement pump market in the coming years.
Technological Advancements and Innovation
The global variable displacement pump market is witnessing continuous technological advancements and innovation. Manufacturers are investing heavily in research and development to improve the performance, efficiency, and reliability of variable displacement pumps. These advancements include the development of new materials, improved designs, and advanced control systems. Technological advancements are also leading to the development of new applications for variable displacement pumps, which is further expanding the market opportunities.
Growing Adoption in Emerging Economies
Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing rapid industrialization and urbanization. This is leading to increased demand for energy-efficient and reliable fluid power solutions, including variable displacement pumps. Governments in these regions are also implementing favorable policies to promote the adoption of energy-efficient technologies. This growing adoption in emerging economies is expected to be a major driver for the growth of the global variable displacement pump market in the coming years.
Variable Displacement Pump Market Segment Insights:
Variable Displacement Pump Market Type Insights
The Global Variable Displacement Pump Market segmentation by Type comprises of Axial Variable Displacement Pumps and Radial Variable Displacement Pumps. Axial Variable Displacement Pumps dominated the Global Variable Displacement Pump Market in 2023 and is projected to maintain its leadership throughout the forecast period, owing to its high efficiency, compact size, and wide range of applications. Radial Variable Displacement Pumps, on the other hand, are expected to witness a significant growth rate during the forecast period, due to their ability to handle high pressures and flows.In terms of market size, the Axial Variable Displacement Pumps segment is expected to reach a valuation of approximately 3.1 billion USD by 2024, while the Radial Variable Displacement Pumps segment is projected to grow to around 2.6 billion USD by the same year. The growth of both segments is attributed to the increasing demand for variable displacement pumps in various industries, including automotive, industrial, and energy. The Global Variable Displacement Pump Market segmentation by Type offers valuable insights into the market dynamics and trends.By understanding the specific requirements and preferences of different end-use industries, manufacturers can tailor their products and strategies to meet the evolving market demands. This segmentation analysis also helps identify growth opportunities and potential areas for product innovation and development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Variable Displacement Pump Market Flow Rate Range Insights
The Global Variable Displacement Pump Market segmentation by Flow Rate Range comprises low flow rate pumps (up to 50 L/min), medium flow rate pumps (50-150 L/min), and high flow rate pumps (above 150 L/min). Among these, the high flow rate segment held the largest market share in 2023, accounting for over 50% of the global revenue. This dominance is attributed to the increasing demand for high-flow pumps in various industrial applications, such as power generation, oil and gas, and construction. The medium flow rate segment is anticipated to witness the fastest growth during 2023-2032, owing to the rising demand from the agricultural and automotive industries.
Variable Displacement Pump Market Application Insights
The Variable Displacement Pump Market is segmented by application into Industrial Machinery and Equipment, Mobile Hydraulics, Agricultural Machinery, and Energy Efficiency Systems. The Industrial Machinery and Equipment segment is the largest, accounting for over 30% of the global market in 2023. This segment is expected to continue to grow at a steady pace over the forecast period, driven by the increasing demand for automation and efficiency in industrial processes. The Mobile Hydraulics segment is the second largest, with a share of over 25% of the global market in 2023.This segment is expected to witness significant growth over the forecast period, due to the increasing demand for variable displacement pumps in construction, mining, and other heavy-duty applications. The Agricultural Machinery segment is expected to grow at a moderate pace over the forecast period, driven by the increasing demand for variable displacement pumps in tractors, harvesters, and other agricultural equipment. The Energy Efficiency Systems segment is expected to grow at a robust pace over the forecast period, driven by the increasing demand for variable displacement pumps in energy-efficient systems such as HVAC and refrigeration.
Variable Displacement Pump Market Control Technology Insights
The Control Technology segment of the Global Variable Displacement Pump Market is segmented into Mechanical Variable Displacement Pumps, Electronic Variable Displacement Pumps, and Hydrostatic Variable Displacement Pumps. The Mechanical Variable Displacement Pumps segment held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. The Electronic Variable Displacement Pumps segment is expected to grow at the highest CAGR during the forecast period. The Global Variable Displacement Pump Market is expected to reach a value of USD 6.23 billion by 2024 and is projected to grow at a CAGR of 3.8% from 2024 to 2032.The growth of the market is attributed to the increasing demand for variable displacement pumps in various industries, such as automotive, industrial, and aerospace. The automotive industry is the largest consumer of variable displacement pumps and is expected to continue to drive the growth of the market in the coming years. The Global Variable Displacement Pump Market is highly fragmented, with a large number of players operating in the market. Some of the key players in the market include Bosch Rexroth AG, Eaton Corporation, Kawasaki Heavy Industries, Ltd., Parker Hannifin Corporation, and The Danfoss Group.These players are investing in research and development to develop new and innovative products and are also expanding their geographic reach to cater to the growing demand for variable displacement pumps in emerging markets.
Variable Displacement Pump Market Power Source Insights
The Global Variable Displacement Pump Market is segmented based on power source into hydraulic, electric, and pneumatic. Among these, the hydraulic segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. Hydraulic variable displacement pumps are widely used in various industrial applications due to their high power density, reliability, and ability to handle high-pressure fluids. The electric segment is projected to witness significant growth over the coming years, driven by the increasing adoption of electric vehicles and the growing demand for energy-efficient solutions.Pneumatic variable displacement pumps are expected to hold a relatively smaller market share due to their limited power output and higher noise levels.
Variable Displacement Pump Market Regional Insights
The regional segmentation of the Global Variable Displacement Pump Market offers insights into the market's geographic distribution and performance. North America holds a dominant position, accounting for approximately 35% of the global market revenue in 2023. The region's robust industrial sector, particularly in the automotive and manufacturing industries, drives demand for variable displacement pumps. Europe follows closely, capturing around 30% of the market share, supported by a strong presence of automotive and industrial machinery manufacturers.The Asia-Pacific region exhibits significant growth potential, with a projected CAGR of 4.5% over the forecast period. The region's rapidly developing economies and expanding industrial base contribute to the growing demand for variable displacement pumps. South America and the Middle East and Africa (MEA) regions represent emerging markets with relatively smaller market shares but offer opportunities for future growth as industrialization and infrastructure development progress.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Variable Displacement Pump Market Key Players And Competitive Insights:
Major players in Variable Displacement Pump Market industry are constantly striving to develop and innovate new technologies to gain a competitive edge. Leading Variable Displacement Pump Market players are investing heavily in research and development to enhance the efficiency and performance of their products. The Variable Displacement Pump Market development is driven by the growing demand for energy-efficient and environmentally friendly solutions. The Variable Displacement Pump Market Competitive Landscape is expected to intensify in the coming years as new entrants emerge, and existing players expand their product offerings.Bosch Rexroth is a leading provider of Variable Displacement Pumps in the global market. The company offers a wide range of pumps designed for various applications, including industrial, mobile, and marine. Bosch Rexroth's pumps are known for their high efficiency, reliability, and durability. The company has a strong global presence and a well-established distribution network. Bosch Rexroth is committed to providing innovative and customer-centric solutions to meet the evolving needs of its customers.Parker Hannifin is another major player in the Variable Displacement Pump Market. The company offers a comprehensive range of pumps, including axial piston pumps, radial piston pumps, and vane pumps. Parker Hannifin's pumps are used in a wide variety of applications, including construction, agriculture, and energy. The company has a strong global presence and a well-established distribution network. Parker Hannifin is committed to providing high-quality products and excellent customer service.
Key Companies in the Variable Displacement Pump Market Include
- SauerDanfoss
- Yuken Kogyo
- Sun Hydraulics
- Komatsu
- ArgoHytos
- Casappa
- Hydac
- Parker Hannifin
- Eaton
- Aichi Machine Industry
- Rexroth Bosch Group
- Kawasaki Heavy Industries
- Nidec
- Keihin Corporation
- Linde Hydraulics
Variable Displacement Pump Market Industry Developments
The Variable Displacement Pump Market is projected to grow from USD 5.78 billion in 2023 to USD 8.0 billion by 2032, at a CAGR of 3.68%. Factors driving the growth of the market include increasing demand for energy-efficient hydraulic systems, growing adoption of variable displacement pumps in industrial and mobile applications, and rising demand for pumps in emerging economies. Recent developments in the market include the launch of new products with advanced features, such as improved efficiency and reliability, by key players. Mergers and acquisitions are also shaping the competitive landscape of the market, with companies seeking to expand their product portfolios and geographic reach. Key players in the market include Bosch Rexroth, Eaton, Kawasaki Heavy Industries, Parker Hannifin, and Danfoss.
Variable Displacement Pump Market Segmentation Insights
- Variable Displacement Pump Market Type Outlook
- Axial Variable Displacement Pumps
- Radial Variable Displacement Pumps
- Variable Displacement Pump Market Flow Rate Range Outlook
- Low Flow Rate Variable Displacement Pumps (up to 50 L/min)
- Medium Flow Rate Variable Displacement Pumps (50-150 L/min)
- High Flow Rate Variable Displacement Pumps (above 150 L/min)
- Variable Displacement Pump Market Application Outlook
- Industrial Machinery and Equipment
- Mobile Hydraulics
- Agricultural Machinery
- Energy Efficiency Systems
- Variable Displacement Pump Market Control Technology Outlook
- Mechanical Variable Displacement Pumps
- Electronic Variable Displacement Pumps
- Hydrostatic Variable Displacement Pumps
- Variable Displacement Pump Market Power Source Outlook
- Hydraulic Variable Displacement Pumps
- Electric Variable Displacement Pumps
- Pneumatic Variable Displacement Pumps
| Report Attribute/Metric |
Details |
| Market Size 2022 |
5.57(USD Billion) |
| Market Size 2023 |
5.78(USD Billion) |
| Market Size 2032 |
8.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.68% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
SauerDanfoss, Yuken Kogyo, Sun Hydraulics, Komatsu, ArgoHytos, Casappa, Hydac, Parker Hannifin, Eaton, Aichi Machine Industry, Rexroth Bosch Group, Kawasaki Heavy Industries, Nidec, Keihin Corporation, Linde Hydraulics |
| Segments Covered |
Type, Flow Rate Range, Application, Control Technology, Power Source, Regional |
| Key Market Opportunities |
Electrification of vehicles Renewable energy integration Industrial automation Smart city development Precision manufacturing |
| Key Market Dynamics |
Rising Energy Costs Growing Demand for Energy Efficiency Advancements in Technology Increasing Industrialization Expansion of Automotive Industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Variable Displacement Pump Market is expected to reach USD 5.78 billion in 2023.
The Global Variable Displacement Pump Market is projected to grow at a CAGR of 3.68% from 2023 to 2032.
North America is expected to hold the largest market share in the Global Variable Displacement Pump Market in 2023.
The construction industry is expected to be the largest end-user of Variable Displacement Pumps in 2023.
Some of the key competitors in the Global Variable Displacement Pump Market include Bosch Rexroth, Eaton, Parker Hannifin, and Danfoss.
The key growth drivers of the Global Variable Displacement Pump Market include increasing demand for energy-efficient solutions, rising urbanization, and growing infrastructure investment.
The key challenges facing the Global Variable Displacement Pump Market include intense competition, fluctuating raw material prices, and stringent environmental regulations.
The key trends shaping the Global Variable Displacement Pump Market include the adoption of Industry 4.0 technologies, increasing demand for customized solutions, and the growing popularity of electric vehicles.
The Global Variable Displacement Pump Market is expected to reach USD 8.0 billion by 2032.
The long-term growth outlook for the Global Variable Displacement Pump Market is positive, driven by increasing demand for energy-efficient solutions and rising infrastructure investment.
