Variable Displacement Pump Market: Introduction
A variable displacement pump is a device that turns mechanical energy to hydraulic (fluid) energy. The displacement, or amount of fluid pumped per revolution of the pump’s input shaft can vary while the pump is running. A variable displacement pump has a method of increasing or reducing displacement either manually, hydraulically or electronically. The method of displacement change depends upon the pump’s structure, differing between piston pumps and vane pumps. Variable displacement axial piston pumps use a swashplate to guide the pistons as they reciprocate while rotating about the shaft’s axis. A variable displacement piston pump is drawn to be “on stroke,” as in it wants to pump with full displacement whenever possible.
Key Drivers of the Variable Displacement Pump Market
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 pumps in various machineries used in the construction industry. The ability to vary the displacement of energy in a variable displacement pump has resulted in it gaining importance over fixed displacement pumps. At the same time, it is capable of carrying out a wide variety of tasks. Hence, the demand for variable displacement pumps is expected to grow during the forecast period.
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New product launches creating opportunities in the Variable Displacement Pump Market
Rapid innovation and new launches are creating opportunities for the product in the market. One of the new product highlights of variable displacement pumps is a variable displacement axial piston pump designed to excel in medium duty applications. This high performing, robust compact solution is built to last and serves a wide range of industries including oil & gas, construction, agriculture, transportation, and material handling. This product has a variety of built-in features to increase system productivity and enhance its performance. The features include a hot oil shuttle valve, hydraulic pressure overrides, cross port reliefs, and bypass valve which lessens the need for third-party components and protects the pump. By offering more enhanced features, the product is creating new opportunities in the market.
High maintenance cost a restraint of the Variable Displacement Pump Market
Piston pumps cost more per unit to operate as compared to centrifugal and roller pumps. The mechanical parts are subjected to wear, so the maintenance costs can be high. The valves must be resistant to abrasives for large solids to pass through. These factors hamper the growth of the variable displacement pumps market.
Asia Pacific the dominant region
China and India are the largest markets for variable displacement pumps and they are used in a large range of machinery in industries. Construction is the most important application segment of the variable displacement pump market. These factors are offering new opportunities for the product in the region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the variable displacement pump market are:
- Eaton Corporation
- Parker Hannifin Corporation
- Bosch Rexroth AG
- Danfoss A/S
- Yuken Kogyo Co., Ltd.
- Kawasaki Heavy Industries.
Variable Displacement Pump Market: Research Scope
Variable Displacement Pump Market, by Type
- Piston Pump
- Vane Pump
Variable Displacement Pump Market, by Application
- Hydraulic machine
- IC Engine
Variable Displacement Pump Market, by End-use
- Material Handling
The report on the variable displacement pump market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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