PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1090060
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1090060
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Global Axial Piston Pumps Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Axial Piston Pumps can be defined as positive displacement pumps that use multiple cylinders coupled around a central axis. These pumps are utilized in industrial and mobile applications to convert mechanical energy into fluid power energy. Axial. These pumps have applications in Electric mobile machines, Earth moving machines, Construction machinery, Material handling machines, and Forklift trucks among others . The rising Water and Wastewater treatment Industry and increasing end use applications in different industries as well as rapid industrialization and urbanization are factors that are accelerating the global market demand. For instance, according to Statista - global market for water and wastewater treatment was estimated at USD 263.07 billion, and the market is projected to grow to USD 500 billion by 2028. Furthermore, in December 2021, Kirloskar Brothers Limited (KBL), launched its new a new mini range pump named AARNA. AARNA mini pump is available in 0.5 hp and 1.0 hp variants. Also, growing R&D activities towards technical innovation and design upgradation and rising Investments towards Water and Wastewater Treatment Facilities are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, fluctuation in in raw material prices impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Axial Piston Pumps Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing automotive sector and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rising government investment towards wastewater treatment and growing logistics sector in the region, would create lucrative growth prospects for the Axial Piston Pumps Market across the Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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