Asia Pacific Gear Pump Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Asia Pacific gear pump market size is expected to reach US$ 6,822.55 million by 2031 from US$ 4,803.70 million in 2024. The market is estimated to record a CAGR of 5.4% from 2025-2031.

Executive Summary and Asia Pacific Gear Pump Market Analysis:

As per the IEA, in 2022, the domestic natural gas production in the Asia Pacific was 23,802,667 TJ. Out of this, China accounted for 33.2%, Australia for 22.9%, Malaysia for 11.3%, Indonesia for 8.7%, and India for 5%. Furthermore, the growing investment in the oil and gas industry is propelling oil and gas production. As per the Shell LNG Outlook 2021, the global LNG demand is expected to reach 700 million tons by 2040, while the demand for natural gas continues to grow strongly in Asia Pacific countries, generating the demand for gas production. Thus, the growing oil and gas production is expected to fuel the gear pump market growth in the Asia Pacific in the coming years.

Asia Pacific Gear Pump Market: Strategic Insights

Asia Pacific Gear Pump Market Segmentation Analysis:

Key segments that contributed to the derivation of the gear pump market analysis are type, pressure, and industry.

• By type, the gear pump market is bifurcated into external gear pump and internal gear pump. The external gear pump segment held a larger share of the market in 2024.

• By pressure, the gear pump market is segmented into upto 100 bar, 100 to 300 bar, and above 300 bar. The 100 to 300 bar segment held the largest share of the market in 2024.

• By industry, the gear pump market is segmented into food & beverages, industrial & material handling machines, chemical & petrochemical, oil & gas, automotive, water treatment industry, aerospace, and others. The industrial & material handling machines segment held the largest share of the market in 2024.

Asia Pacific Gear Pump Market Players Density: Understanding Its Impact on Business Dynamics

The Asia Pacific Gear Pump Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Asia Pacific Gear Pump Market Outlook

Market players are expanding their manufacturing and distribution facilities to be able to meet the burgeoning demand for gear pumps in oil & gas, water & wastewater management, chemical, and other industries. A few of the mergers and acquisitions by the companies are mentioned below:

• In June 2024, Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, announced the acquisition of ILC Dover ("ILC"). The company has already acquired Complete Air and Power Solutions ("CAPS"), Del PD Pumps & Gear Pvt Ltd. ("Del Pumps"), and Fruvac Ltd. ("Fruitland Manufacturing") for a combined purchase price of approximately US$ 150 million. Del Pumps, based in India, makes rotary, twin, and triple-gear pumps used for liquid loading, unloading, transfer, and pressurization. The acquisition will strengthen Ingersoll Rand's portfolio of mission-critical, high-margin pumping solutions for the life science, food and beverage, medical, natural gas, and wastewater treatment industries.

• In January 2024, Atlas Copco Group announced the acquisition of KRACHT GmbH (Kracht), a manufacturer of high-quality technologies, including external gear pumps, fluid measurement instruments, valves, hydraulic drives, and dosing systems. The acquisition would further help Atlas Copco Group in expanding its industrial pump segment.

• In December 2022, Dover announced the acquisition of Witte Pumps & Technology GmbH ("Witte"), a manufacturer of precision gear pumps. Witte will become a part of the Maag business unit within Dover's Pumps & Process Solutions segment. The acquisition of Witte is expected to help the company expand Maag's product and technology offering, improve geographic reach, and provide access to new customer segments.

Mergers and acquisitions help companies expand their product portfolio and global presence to provide their customers with different types of gear pumps. Thus, the rising number of mergers and acquisitions is expected to boost the growth of the gear pump market during the forecast period.

Asia Pacific Gear Pump Market Country Insights

Based on country, the Asia Pacific gear pump market comprises China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China held the largest share in 2024.

China is one of the largest consumers of oil and gas. According to the IEA, in January 2023, the demand for oil in the global market reached 101.7 million barrels per day, with a rise of 1.9 million b/d compared to 2022. Nearly half the demand was from China. China is signing strategic partnerships for upstream projects to secure its future energy supply. The country plans to minimize its import dependency and boost its refinery exports by engaging in building new refineries. According to Saudi Aramco, in March 2023, China, in partnership with Saudi Aramco, agreed to build China's oil refinery complex with an investment of ~US$ 10 billion. This complex will be built by Huajin Aramco Petrochemical Company (HAPCO) in the city of Panjin in the Liaoning province, and its construction will be completed by 2026. The development of new refineries would fuel the demand for gear pumps in the country in the near future.

Asia Pacific Gear Pump Market Company Profiles

Some of the key players operating in the market include Bosch Rexroth AG; Danfoss AS; Bucher Hydraulics GmbH; Parker Hannifin Corp; Kawasaki Heavy Industries Ltd; CASAPPA S.p.A; Bailey International LLC; HYDAC International GmbH; Eaton Corp Plc; Marzocchi Pompe S.p.A; KYB Corporation; Viking Pump, Inc.; and Gorman-Rupp Pumps, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Asia Pacific Gear Pump Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

in the market.