Hydrostatic Transmission Market Thriving Worldwide, Technology Advancement and Future Scope Till 2030
Hydrostatic Transmission Market Highlights Hydrostatic transmission is used in applications, which require high torque at low speed. Hydrostatic transmission refers to a transmission system, which uses pump, motor, and prime mover to transmit the torque at low speed. The power transmission is required in heavy machinery, which will not function efficiently with the usual mechanical transmission system, which is the key factor of the hydrostatic transmission market. Hydrostatic transmission gives precise power transmission, which is used in construction, mining, and agriculture and require heavy-duty equipment. Hydrostatic transmission is used in power generation systems such as wind turbine generators, and diesel generators. Hence, the demand for hydrostatic transmission systems is increasing. One trend which drives the adoption of medium duty equipment with hydrostatic transmission. Hydrostatic Transmission market is predicted to witness ~4% CAGR by the Forecast Period. Key Players