Variable Displacement Pump Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2025
A
variable displacement pump is a device used to convert mechanical
energy into hydraulic energy. Displacement refers to the amount of
fluid pumped per revolution of the pump’s input shaft. This can
vary as per the requirement. Variable displacement pump is one of the
two types of hydraulic pumps; fixed displacement pump is the other
one. Fixed displacement pump has a fixed flow rate, while the flow
rate of a variable displacement pump can vary even during the
operation of the pump. The ability to vary the displacement of energy
in a variable displacement pump has resulted in it gaining importance
over fixed displacement pumps.
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Growth
in the construction industry is the primary driver of the global
variable displacement pump market. Countries in developed and
developing regions are investing extensively in infrastructure. This
has boosted the demand for variable displacement pump in various
machineries used in the construction industry. On the other hand,
comparatively higher price of variable displacement pump is one of
the factors restraining the market. It is a more complex pump as
compared to the fixed displacement pump. At the same time, it is
capable of carrying out a wide variety of tasks. Hence, variable
displacement pump are priced higher than fixed displacement pumps.
The
global variable displacement pump market can be segmented based on
type, end-user industry, and region.
In
terms of type, the global variable displacement pump market can be
bifurcated into axial piston pump and rotary vane pump. Axial piston
pump has several pistons within cylinders arranged parallel to each
other. These rotate around the central shaft. This type of pump is
more commonly used in automotive applications. In rotary vane pump,
the vanes are mounted on a rotor and then rotate inside a cavity.
In
terms of end-user industry, the global variable displacement pump
market can be classified into construction, transportation, forestry
& agriculture, and others. Variable displacement pump is employed
in a large range of machinery in these industries. Construction is
the most important application segment of the variable displacement
pump market. It is followed by the transportation segment.
Transportation includes various automotive used in industries ranging
from manufacturing & mining to construction & material
handling.
In
terms of region, the global variable displacement pump market can be
divided into North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa. The market in developing countries of Asia
Pacific, Latin America, and the Middle East & Africa is expected
to expand at a faster pace than that in developed countries of North
America and Europe.
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The
global variable displacement pump market is fragmented with a large
number of companies throughout the world. Key players operating in
the market include U.S.-based Eaton Corporation and Parker Hannifin
Corporation, Germany-based Bosch Rexroth AG, Denmark-based Danfoss
A/S, and Japan-based Yuken Kogyo Co., Ltd. and Kawasaki Heavy
Industries.
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