Rockville, MD , Sept. 03, 2024 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global Piston Air Motors Market is estimated to reach a valuation of US$ 686.3 million in 2024 and is expected to grow at a CAGR of 3.7% during the forecast period of (2024 to 2034).
Piston air motors exhibit specific characteristics that make them highly suitable across various industrial applications. Known for their robustness in low-speed, high-torque environments such as mining machinery and conveyor belt drives, these motors efficiently convert linear motion into rotary motion through mechanisms like cranks or swash plates. This reliability and power have positioned piston air motors as indispensable actuators in industries requiring robust and dependable equipment.
In recent years, the global market for piston air motors has seen significant growth driven by key sectors such as mining and automotive. The revenue of the top 30 global mining companies reached a record US$ 993.8 billion in 2023, driving demand for efficient power transmission solutions. The automotive sector, valued at US$ 2.2 billion in 2023, also contributed substantially to market expansion, creating additional opportunities for piston air motor manufacturers.
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Key Takeaways from Market Study:
- The global piston air motors market is projected to grow at 3.7% CAGR and reach US$ 987.0 million by 2034
- The market created an opportunity of US$ 300.7 million between 2024 to 2024
- North America is a prominent region that is estimated to hold a market share of 30.3% in 2024
- Radial piston air motor under type is estimated to grow at a CAGR of 3.4% creating an absolute $ opportunity of US$ 142.5 million between 2024 and 2034
- North America and East Asia are expected to create an absolute $ opportunity of US$ 173.2 million collectively
“Piston air motors are pivotal in industries like mining and automotive, excelling in low-speed, high-torque environments. Their robust performance meets critical industrial needs, driving significant market growth. Manufacturers are poised to innovate further, enhancing efficiency and integrating advanced technologies to sustain competitiveness in these key sectors.” says a Fact.MR analyst.
Leading Players Driving Innovation in the Piston Air Motors Market:
Atlas Copco AB; BIAX - Schmid & Wezel GmbH; Celco; Danfoss; Globe Airmotors; Ingersoll Rand; Parker Hannifin; PTM mechatronics GmbH; TONSON Air Motors; Yantai Weichi Petro Mine Machinery Co., Ltd; Other Prominent Players.
Market Development:
Key players in the piston air motors market include Atlas Copco AB, Danfoss, Ingersoll Rand, Parker Hannifin, and others. These companies are dedicated to R&D investments to address industry-specific challenges and deliver tailored solutions that enhance competitiveness and customer satisfaction.
Recent innovations include Parker Hannifin's F10 series and V16 bent-axis motor series, which exemplify advancements in medium-duty and high-performance applications, respectively.
Danfoss's introduction of the H1F bent-axis hydraulic motor further underscores the market's evolution towards versatile and efficient motor solutions.
Piston Air Motors Industry News:
- The F10 family of medium-duty, fixed-displacement bent-axis pumps and motors was introduced by Parker Hannifin in 2023. The F11 and F12 products from the company's Pump & Motor Division Europe are a development of this series.
- Parker unveiled their most recent V16 bent-axis motor line in 2022, which includes the V16-220 and V16-270 units. With an eye towards increasing machine efficiency in industrial applications, these motors are designed for high-performance machinery that has both open and closed-circuit transmissions.
- A new H1F bent-axis hydraulic motor from Danfoss was presented. It is intended for use in open- and closed-circuit applications in machinery related to forestry, construction, and agriculture. The motor can be used for a variety of tasks, such as winches, vibration/shaking applications, fan drives, feeder drives, and drill drives.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global Piston Air Motors market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of the type (Radil Piston Air Motor, Axial Piston Air Motor), power (Below 2.4 HP, 2.4 - 5.4 HP, 5.4 - 10.2 HP, 10.2 - 19 HP, Above 19 HP), Mounting Type (Face Mounted, Flange Mounted, Foot Mounted), Application (Power Tools, Industrial Machinery, Material Handling Equipment, Others), End-use Industry (Automotive Industry, Aerospace Industry, Chemical Industry, Building & Construction Industry, Mining Industry, Agriculture Industry, Marine Industry, Other Industry) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
Segmentation of Piston Air Motors Industry Research:
By Type :
- Radial Piston Air Motor
- Axial Piston Air Motor
By Power :
- Below 2.4 HP
- 2.4 - 5.4 HP
- 5.4 - 10.2 HP
- 10.2 - 19 HP
- Above 19 HP
By Mounting Type :
- Face Mounted
- Flange Mounted
- Foot Mounted
By Application :
- Power Tools
- Industrial Machinery
- Material Handling Equipment
- Others
By End-use Industry :
- Automotive Industry
- Aerospace Industry
- Chemical Industry
- Building & Construction Industry
- Mining Industry
- Agriculture Industry
- Marine Industry
- Other Industry
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