Variable Displacement Pumps Market to reach $4,478 Million, Globally, by 2023

PORTLAND, OR, UNITES STATES, April 13, 2023 /EINPresswire.com/ -- A variable displacement pump, a type of positive displacement pump, which is used to convert mechanical power into hydraulic energy, that is, flow or pressure. The demand for variable displacement pumps has increased, owing to increase in construction activities globally, rise in sales of automobiles, and growth in application areas in the mining industry. In addition, government regulations and legislations for reducing carbon dioxide and nitrogen oxide emissions and increased awareness about energy savings are expected to propel the market growth. However, high cost of maintenance and continuous monitoring of these pumps to detect and rectify any failure in the equipment pose a threat to market growth.

The variable displacement pumps market was valued at $3,322 million in 2016, and is expected to reach at $4,478 million by 2023, growing at a CAGR of 4.4% during the forecast period.

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Major Key Players of the Variable Displacement Pumps Market are:
Bosch Rexroth AG, Parker Hannifin Corp., Danfoss A/S, Eaton Corporation, The Oilgear Company, Kawasaki Heavy Industries, Ltd., Yuken Kogyo Co., Hawe Hydraulics, Casappa SPA and Ranger Caradoc Hydraulics Ltd.

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Global Variable Displacement Pumps Market Segments
By Type -
Piston
Vane

By Application -
Hydraulic machine
IC Engine

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