United States Gear Pumps Market Analysis and Development Trends Report 2021

20th September 2018– The United States Gear Pumps Market witnessed a positive CAGR growth in the prescribed period. An external gear pump is a positive displacement type of pump mainly used for transfer and metering of liquids. A gear pump comes with dual gears existing side by side or adjacent to each other. Technically, a gear pump is a precision machine with an enormous tight grip and tolerances and is much capable of working in high differential pressures. It helps in generating flow with enormous power to overcome the induced pressure by the pump. Therefore, a gear pump is a type of permanent displacement pump creating a vacuum at inlet. From the commercial aspect, a gear pump finds major application in construction, agricultural equipment, and movable machineries.

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Driving factors responsible for the growth of United States Gear Pumps Market includes price effectiveness of gear pumps over other types coupled with low maintenance costs. Also, gear pumps have an integral valve preference and accessories that enhances the flexibility of using a gear pump as compared to other types. Further, gear pump manufacturers emphasize on e-commerce and a more efficient sales platform to expand their presence in larger geographies by collaborating with regional and international players in order to boost their sales. However, green initiatives coupled with inclination towards renewable energy is anticipated in hindering the market growth during the assessment period.

Product segmentation for the United States Gear Pumps Market includes external gear pumps and internal gear pumps. End-use segmentation for the United States Gear Pumps Industry includes mining & metallurgy, construction, material handling, automotive & transportation and chemicals & petrochemicals.

Geographical segmentation for the United States Gear Pumps Market includes The West, New England, The South, The Middle Atlantic, The Mid-West and The Southwest. The key players in the United States Gear Pumps Market include Viking Pump, Oilgear, Gardner Denver, Commercial Shearing, Danfoss, Hayward Tyler and Moog.

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