The motivation of this research was to assess the possibility of speed control for the selected pressure-compensated pump. Measured static characteristics of an axial piston pump with pressure compensation are presented in the paper. Based on these characteristics, the pump efficiencies are determined. The characteristics and efficiencies are determined for the different pump outlet pressures, pump speeds, relative displacements and for the different pressures set at the pressure compensator. In addition, the different methods of pump control were compared. These are displacement control, speed control and both controls. The efficiency of each control method was compared based on the determined mechanical input power at the pump drive shaft. By comparing these control methods, it was found that the combination of both control methods can achieve up to 93% savings of mechanical power in the controlled state (stand-by state). Also, the adverse effects resulting from each control method that reduces pump efficiency were defined.