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.
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.
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AXIAL PISTON HYDRAULIC MOTORS AND<br />
PUMPS MARKET KEY FINDINGS<br />
• The axial piston hydraulic motors segment dominated the market, in terms of revenue, <strong>and</strong><br />
is projected to grow at a CAGR of 3.6% during the forecast period.<br />
• The variable displacement axial piston hydraulic motors segment led the global axial piston<br />
hydraulic motors in 2014, <strong>and</strong> is anticipated to grow at the highest CAGR.<br />
• The variable displacement axial piston hydraulic pumps segment dominated the global axial<br />
piston hydraulic pumps in 2014, <strong>and</strong> is anticipated to grow at the highest CAGR.<br />
• Manufacturing application generated the highest revenue in 2014, while the water<br />
management application is estimated to grow at the highest growth rate of 4.7%.<br />
• In 2014, Asia-Pacific was the dominant region <strong>and</strong> is anticipated to grow at the highest<br />
CAGR, while China is the major contributor in the market.
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