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Shift toward mechanization increases demand for hydraulic gear pumps

Worldwide sales of hydraulic gear pumps are likely to surpass 55,000 thousand units by end of 2020, according to a recent research study. Rising demand from a wide-range of industries, including agriculture and construction, continues to work in the favor of hydraulic gear pump manufacturers.

A report on Hydraulic Gear Pump Market by Fact.MR claims that the global hydraulic gear pump market space is characterized as a highly-fragmented landscape with wide-spread presence of multiple regional or local players. 

Flowtech Fluidpower PLC (LON:FLO) is a leading specialist in fluid power products and solutions. Through hydraulics, pneumatics and associated industrial products, they focus on moving liquid, gas or air to generate power which keeps industry moving.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.