Over the years, fluid technology has been widely used in industrial and mobile applications such as forestry, construction, mining and agricultural machinery. In hydraulic pumps, two displacement pumps are used, namely fixed displacement pumps and variable displacement pumps. Variable displacement pumps are relatively more expensive and more complex, but more efficient. Variable displacement pumps are widely used in the construction industry to provide better mechanical control. The growth of construction activities and the increase in population will drive demand for construction activities; this in turn will contribute to the growth of the variable displacement pump market.
Variable displacement pumps have made a great contribution to overcoming the stigma of hydraulic system efficiency. These variable displacement pumps deliver flow only when needed, and when not performing actuator work, the oil does not generate heat in the circuit, so it can bring additional benefits. Likewise, variable displacement pumps can be controlled to generate energy when needed. Therefore, when no heat is generated, energy is not wasted. In addition, variable displacement pumps reduce or eliminate the need for pressure relief valves and flow control. Therefore, variable displacement pumps are more expensive than their comparable pumps.
Due to strict emissions and fuel consumption regulations, market participants are turning to research and innovation to develop ways to reduce emissions and save energy. OEMs are trying to find ways to reduce the energy loss of engine accessories, which will be effective measures in the near future. For example, Robert Rexroth developed a variable displacement pump for small tractors, which is more fuel efficient.
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During the forecast period, the growth of the number of vehicles and the growth of the construction industry are the two main factors that are expected to drive the demand for the variable displacement pump market. Moreover, the significant growth in industrial production is expected to increase the demand for variable displacement pumps. Due to the various advantages of piston pumps, such as high pressure efficiency and large volume range, it is the most preferred among other variable displacement pumps.
The global variable displacement pump market is segmented by vane and piston type. The hydraulic piston pump can handle large flow under high hydraulic system pressure. The application of hydraulic piston pumps is usually in marine auxiliary power, mobile and construction equipment, machine tools and oil field equipment.
End users can also segment the global variable displacement pump market into mining, construction, agriculture, automotive, material handling, forestry, plastics and others (aerospace and defense, power generation, marine, oil and gas).
During the forecast period, the Asia-Pacific region will become the largest contributor to the variable pump market. This can be attributed to factors such as economic growth, especially in the automotive and construction industries. In addition, improved living standards and rapid industrialization in the Asia-Pacific region are driving the market for variable displacement pumps.
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Some examples of market participants in the global variable displacement pump market identified throughout the value chain include:
Variable displacement pumps are made of different raw materials, such as cast copper, cast aluminum, synthetic rubber and cast iron. The main raw material manufacturers of variable pumps are:
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Post time: Mar-01-2021