Hydraulic Vane Pump Market Overview
Product Overview and Scope of Hydraulic Vane Pump
Hydraulic vane pumps are a type of positive displacement pump. It is commonly used in hydraulic systems to provide the necessary pressure and flow to operate various hydraulic actuators and components. The basic construction of a hydraulic vane pump consists of a circular housing or casing with an eccentrically mounted rotor inside. The rotor has several vanes that slide in and out of slots or cam tracks on the inner surface of the housing. The rotor is driven by an external power source, typically an electric motor or an engine.
Vane pumps provide several benefits, including low-pressure pulsation as a more continuous flow than standard gear and piston pumps, more tolerance of contamination than gear or piston pumps, and relatively low noise compared to standard gear and piston pumps. There are three main types of hydraulic vane pumps such as unbalanced fixed displacement vane pump, balanced fixed displacement vane pump, and variable displacement vane pump.
Hydraulic Vane Pump Market – Global Industry Analysis
Market Drivers
- The expansion of the automotive industry is driving the growth of the global hydraulic vane pump market
The rising per capita income of the population across the globe is increasing the demand for cars in the global market. Passenger automobiles are the most frequent mode of mobility in developed countries. This is leading to a higher demand for hydraulic vane pumps in the automotive industry. Growing urbanization, with more people moving to cities, increases the need for vehicles for commuting and transportation. As a result, manufacturers in these industries are innovating machines such as vane pumps that will increase energy production while consuming limited natural resources to meet the increasing demand of a growing population.
- Rising utilization of hydraulic pumps in the airline industry
Related Reports
- Hydraulic Pumps Market
- Hydraulic Gear Pumps Market
- Piston Pumps Market
- Hydraulic Dosing Pump Market
- Oil and Gas Pump Market
- Metallurgy Equipment Market
Global Hydraulic Vane Pump Market Segmentation Analysis
By Type
- Unbalanced vane pumps
- Balanced vane pumps
- Variable displacement vane pumps
By Distribution Channel
- OEM
- Aftermarket
- Application
- Automotive
- Aerospace
- Metallurgical
- Engineering Vehicle
- Others
Global Hydraulic Vane Pump Market Share by Region
|
Global Hydraulic vane pump Revenue Market Share (%) by region in 2022 |
|
|
|
Source: Cognitive Market Research |
In 2022, North America held the largest market share in terms of revenue due to the growth of the mining and construction industries. The specific operations performed include the building of infrastructure, and mining of metals, and minerals where the hydraulic vane pumps are employed on a larger scale. In addition, shale gas production using the hydraulic fracturing technique has been gaining traction in the region.
Global Hydraulic Vane Pump Manufacturers Profiles/Analysis
Parker-Hannifin Corporation
Parker-Hannifin Corporation Company Basic Information, and Sales Area
|
|
Item |
Description |
|
1 |
Company Name |
PARKER-HANNIFIN CORPORATION |
|
2 |
Website |
www.parker.com |
|
3 |
Established Date |
1917 |
|
4 |
Headquartered |
Cleveland, Ohio, U.S. |
|
5 |
Market Position/History |
Parker-Hannifin Corporation was founded in Ohio in 1938. The company manufactures and distributes its product in 38 states within the United States and 44 other countries. The company supplies its products to around 505,000 customers across the globe. In the early days, the company built pneumatic brake systems for trucks, trains, buses, and industrial machinery, as well as leak-free fittings for the pioneers of aviation. Through staggering setbacks and impressive achievements, Parker’s solutions have enabled countless technology leaps over the past century. |
|
6 |
Sales Area |
Worldwide |
|
7 |
Contact Number |
6035 Parkland Boulevard, Cleveland, Ohio 44124-4141. Tel: (216) 896-3000 |
Business Segment/ Overview:
Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial, and aerospace markets. The company has two segments including diversified industrial and aerospace systems. The diversified industrial segment serves products to various industries such as manufacturing, packaging, processing, transportation, mobile construction, refrigeration, air conditioning, agricultural and military machinery, and equipment industries.
Business Strategy
PARKER HANNIFIN CORP has a strategic focus on inorganic development such as strategic acquisitions, mergers, and partnerships to enhance the portfolio offerings of the company. For instance, it has completed the acquisition of Meggitt PLC for approximately £6.3 billion. this acquisition enhances the company's capabilities, and its position to provide a broader suite of solutions for aircraft and aero-engine components and systems.
