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Axial Piston Hydraulic Motors and Pumps Market

Axial Piston Hydraulic Motors and Pumps Market

An axial piston hydraulic motor is used to convert pressure and fluid energy into torque and angular displacement. An axial piston hydraulic 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 hydraulic pumps and motors 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 CO2 (carbon dioxide) and NOX (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 motors to detect and rectify any failure in the equipment pose a threat to market growth.

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Axial Piston Hydraulic Motors and Pumps Market

Axial Piston Hydraulic Motors and Pumps Market

Axial Piston Hydraulic Motors and Pumps Market Overview: The global axial piston hydraulic motors and pumps market was valued at $1,418 million in 2015 and is projected to reach $1,882 million by 2022 at the CAGR of 4.2% during the forecast period. The report includes the study of axial piston hydraulic motors and axial piston hydraulic pumps and their sub-types including constant & variable displacement piston pumps and motors. Axial piston hydraulic pumps are used to convert mechanical energy into hydraulic energy; while axial piston hydraulic motors are used to convert hydraulic pressure and flow into angular displacement (rotation) and torque. In addition, axial piston hydraulic motors and pumps are used in various applications including manufacturing, oil & gas, agriculture, automotive, energy & utility, mining, food & beverages, construction, water management, and others (transportation & logistics, maritime, and chemical).

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Global Axial Piston Hydraulic Motors and Pumps Market Expected to Reach $1,418 Million by 2022

Global Axial Piston Hydraulic Motors and Pumps Market Expected to Reach $1,418 Million by 2022

Increase in need for energy-efficient, high power, and versatile axial piston hydraulic motors and pumps and significant growth of manufacturing activities in Asia-Pacific drive the axial piston hydraulic motors and pumps market. Furthermore, water & waste water management activities and oil & gas industry in the North America and the Middle East offer significant growth potential for the global market. However, high investment and maintenance costs and intense competition limit the market growth.

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