Overview:

The worldwide external gear pump industry is poised for substantial expansion. Anticipated to reach a value of USD 258.5 million in 2025, the market is projected to achieve USD 382.5 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.1% during this timeframe. Growth is significantly driven by escalating requirements within vital sectors such as chemical manufacturing, hydrocarbon extraction, and food processing. Furthermore, the evolution of industrial processes and strategic shifts in the automotive sector are reshaping industry dynamics.

Throughout 2024, producers of external gear pump systems capitalized on rising industrial demand, demonstrating market leadership through the integration of sophisticated technology. These advancements guaranteed enhanced performance, greater operational efficiency, and increased dependability, particularly evident within the automotive sector.

Both hybrid and battery-electric vehicles rapidly incorporated these pumping units for hydraulic circuit cooling and lubrication. Additionally, the oil and gas sector witnessed increased deployment in production activities, while the food and beverage industry relied on these pump systems for seamless operational flow.

Looking ahead to 2025, the industry is on track for continued growth, fueled by increasing investments in refined pump configurations for complex systems. With dominant sales volumes and demand, the Asia-Pacific region is globally spearheading the external gear pump sector. Moreover, ongoing governmental initiatives aimed at improving manufacturing and industrial infrastructure are accelerating the integration of these applications.

Motorless external gear pumps are gaining considerable recognition across various industries, valued for their reliability and adaptability in challenging high-pressure and high-temperature settings. These pumps are particularly advantageous in operations necessitating fluid transfer without electrical power, positioning them as the preferred option in remote or hazardous industrial zones.

Conversely, electric external gear pumps are becoming integral to automated industrial frameworks, providing precise command and reduced energy consumption. With industries increasingly adopting smart manufacturing and prioritizing energy efficiency, these pumps are expected to maintain a steady upward trajectory in adoption.

Two-shaft external gear pumps continue to hold a leading position in the market, commanding nearly 30% of the total share. Their ability to deliver consistent pressure and effectively manage high-viscosity fluids designates them as indispensable elements within the chemical, oil and gas, and material handling sectors.

Strategic mergers and acquisitions are actively being pursued by key participants in the external gear pump market to strengthen their competitive standing. These moves are aimed at broadening their product portfolios, extending market reach, and improving operational synergies.