Vane Pumps Market Size, Share, Opportunities, And Trends By Type (Unbalanced Vane Pump, Balanced Vane Pump, Flexible Vane Pump, Others), By Component (Shaft, Casing, Rotor, Cam Ring, Impeller, Sliding Vane), By End-User (Oil & Gas, Automotive, Food & Beverage, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jun 2023
- Report Code : KSI061615632
- Pages : 145
The vane pumps market is estimated to grow at a CAGR of 4.57% during the forecast period.
The vane pumps market is anticipated to grow strongly during the forecast period. A vane pump is a type of pump that can start pumping fluid without the need for external assistance. It operates based on positive displacement principles, which ensures a consistent and steady flow of fluid even when the pressure requirements change. Vane pumps owing to their performance features are utilized in beverage processing and oil/gas applications. They are commonly classified into three types unbalanced vane pump, balanced vane pump, and flexible vane pump. The bolstering growth in major end-users is expanding the vane pump market size.
The booming food & beverage industry bolsters the vane pump market growth.
Vane pumps are used in the food & beverage sector for transferring viscous liquids, handling delicate food products, and maintaining consistent flow rates. The ever increasing demand for packaged food and beverages has positively impacted the growth of the vane pumps industry. According to the report of Germany Trade and Invest (GTAI), Germany's food and beverage industry, ranking fourth in the country, achieved a notable production value of EUR 185.3 billion in 2020. Also, according to the report of the Ministry of Industry and Information Technology, major beverage producers in China experienced a significant 12% year-on-year increase in their output, reaching over 183 million tons in 2021.
Oil and gas sector growth drives the vane pumps market.
Vane pumps provide the necessary flow rates, pressure capabilities, and durability required to ensure smooth operations in extracting, transporting, and processing oil and gas resources. Due to the growing demand for oil and gas globally, the need for efficient and reliable pumping systems has become crucial. According to the Census and Economic Information Center (CEIC), in February 2023, the production of crude oil in Saudi Arabia reached 10,361,000 barrels per day, showing an increase of 59,000 barrels compared to the 10,302,000 barrels per day in January 2023. Additionally, according to the U.S. Energy Information Administration, in February 2022, crude oil production in the United States was reported at 316,851 barrels per day, as per the same source. in March 2023, the production experienced a significant increase, reaching 393,561 barrels per day.
Rising automotive production has boosted the vane pump market growth.
Vane pumps are essential components used in various automotive applications, such as power steering systems, transmission systems, braking systems, and hydraulic systems. The automotive industry is witnessing expansion in major nations owing to which the demand for vane pumps in the sector is expected to grow simultaneously to meet the requirements of these critical systems. As per the Census and Economic Information Center (CEIC), in December 2022, India's motor vehicle production reached a total of 5,456,857 units, reflecting a notable increase of 28.6% in comparison to the previous year's figure of 4,399,112 units in December 2021. This indicates significant growth in India's automotive manufacturing sector.
Europe is expected to account for a significant market share.
Europe’s thriving food and beverage industry is driving the demand for vane pumps in the sector for processing and packaging application. Additionally, Europe’s robust automotive sector heavily relies on vane pumps for efficient fluid transfer and power systems. Favourable investment inflows coupled with a growing consumer base has accelerated the growth of such major end-users of vane pump in Europe. according to the Census and Economic Information Center (CEIC), in December 2022, the United Kingdom's vehicle production reached 876,614 units. Additionally, according to the Germany Trade and Invest, Europe’s food retailing revenue surged by 8.2% to EUR 227 billion in 2020.
High maintenance constraints hinder vane pump market growth.
The regular maintenance of vane pumps involves inspecting and replacing worn-out vanes, seals, and other vital components to ensure optimal performance and prevent potential breakdowns. However, this maintenance process often requires scheduled downtime, where the pump is temporarily taken out of operation. This can lead to disruptions in the overall operational workflow as the pump cannot contribute to the fluid transfer or circulation process during this period. Moreover, the costs associated with maintaining and repairing vane pumps can accumulate over time. These expenses include procuring replacement parts, covering labor costs for maintenance technicians or pump specialists, and potential expenses related to unplanned repairs or system failures.
- November 2022: Pfeiffer Vacuum unveiled SmartVane, the inaugural hermetically sealed rotary vane pump for mass spectrometry. This innovative vacuum pump, designed as a backing pump for mass spectrometers, guarantees oil leak prevention and eliminates the risk of contamination.
- January 2022: Atlas Copco successfully acquired HHV Pumps Pvt. Ltd, with this acquisition Atlas Copco has expanded its portfolio by gaining a prominent provider of vacuum pumps and rotary vane pumps utilized in refrigeration and air-conditioning manufacturing.
- June 2021: Blackmer, a Dover company under PSG, unveiled its flange-mounted truck pump “TLGLF3HD” which is specifically designed to prioritize the enhancement of both reliability and safety aspects. By focusing on the loading and unloading processes of liquid petroleum gas (LPG) for bobtails and transport trucks, the TLGLF3HD aims to optimize operational efficiency. With its advanced features and precise engineering, this pump delivers superior performance, enabling faster and more efficient transfers of LPG trucks.
- VR100 100l Diesel Refuelling Pump: Xylem Inc. offers VR100, a product with a range of advanced features. The VR100 is equipped with thermal overload protection, ensuring safe operation. It has undergone rigorous vibration testing to ensure durability and performance. The motor is IP55 protected, providing resistance against dust and water ingress. Additionally, the VR100 comes with a full range of installation accessories, making it easy to set up.
- CML Variable vane Pump: Such vane pump provided by Camel Precision Co.Ltd, is a cooling circulation pump designed to enhance machining accuracy. It achieves this by efficiently drawing in heated oil from the tank and delivering it to the radiator, effectively reducing oil temperature through continuous circulation. This process stabilizes operational conditions, contributing to improved performance and precision during machining operations.
- SQPR Series: Tokyo Keiki U.S.A Inc. offers the SQP series, an ideal pump solution for indoor applications due to its remarkable Super-Quiet features. The SQP pumps come in single, double, or triple outlet options, with 4 frame sizes, 16 series, and 31 different displacements, providing great flexibility. By utilizing these pumps, hydraulic circuits can be designed to be simpler and more efficient, resulting in enhanced machine performance and optimized energy efficiency.
Vane Pumps Market Scope:
|Growth Rate||CAGR of 4.57% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Component, End-User, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||YUKEN KOGYO CO., LTD., Xylem Inc., TOKYO KEIKI U.S.A., INC, Procon Products (Standex International), PARKER HANNIFIN CORP, Camel Precision Co., Ltd, VELJAN, Eaton Corporation, SPECK Pumpen|
|Customization Scope||Free report customization with purchase|
- By Type
- Unbalanced Vane Pump
- Balanced Vane Pump
- Flexible Vane Pump
- By Component
- Cam Ring
- Sliding Vane
- By End User
- Oil & Gas
- Food & Beverage
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. VANE PUMPS MARKET ANALYSIS, BY TYPE
5.2. Unbalanced Vane Pump
5.3. Balanced Vane Pump
5.4. Flexible Vane Pump
6. VANE PUMPS MARKET ANALYSIS, BY COMPONENT
6.5. Cam Ring
6.7. Sliding Vane
7. VANE PUMPS MARKET ANALYSIS, BY END-USER
7.2. Oil & Gas
7.4. Food & Beverage
8. VANE PUMPS MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. YUKEN KOGYO CO., LTD.
10.2. Xylem Inc.
10.3. TOKYO KEIKI U.S.A., INC
10.4. Procon Products (Standex International)
10.5. PARKER HANNIFIN CORP
10.6. Camel Precision Co., Ltd
10.8. Eaton Corporation
10.9. SPECK Pumpen
YUKEN KOGYO CO., LTD.
TOKYO KEIKI U.S.A., INC
Procon Products (Standex International)
PARKER HANNIFIN CORP
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