The Actuators
Market Report provides an analysis of the market from 2017 to 2022. It
discusses industry and technology trends currently prevailing in the market,
along with drivers, challenges, and opportunities. The actuators market is
projected to grow from an estimated USD 38.80 Billion in 2017 to USD 49.28
Billion by 2022, at a CAGR of 4.90% from 2017 to 2022. The major factor
expected to act as a major driver is the increased investment in process
automation across end-use verticals. This, in turn, is expected to drive the
growth of the actuators market during the forecast period from 2017 to 2022.
The actuators market has been segmented based on type, system, application, and
region.
Browse
148 tables and 43 figures spread through 173 pages and in-depth TOC on
"Actuators Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/global-actuators-market-59465451.html.
Based on application, the automotive end use
application segment is projected to lead the actuators market during the
forecast period
Based on application, the automotive end use application segment is
expected to lead the actuators market during the forecast period. This growth
is attributed to countries, such as Japan, South Korea, and China which have
the presence of some of the key players in the automotive industry. Companies
such as Toyota, Honda, Nissan, and Hyundai hold major market shares in the
automotive market. Thus, the demand for automotive components is high in the
region, and this is expected to drive the automotive actuators market during
the forecast period.
Based on system, the electrical segment of
the actuators market is projected to witness the highest growth during the
forecast period
Based on system, the electrical segment of the actuators market is
projected to witness the highest growth during the forecast period. Electrical
actuation systems are also environment-friendly and safer to use than hydraulic
actuators, which consist of hydraulic fluids that can damage the skin and cause
poisoning or infection due to the high temperature.Therefore, the demand for
electrical actuation has been increasing and is a major driver for the
actuators market.
The Asia Pacific region is expected to lead
the actuators market during the forecast period from 2017 to 2022
The Asia Pacific region is expected to lead the actuators market during
the forecast period. The growth of the Asia Pacific actuators market can be
attributed to rapid industrialization in India and China, which has contributed
significantly to the growth of these economies. Due to the easily available
skilled labor and low cost of establishing new manufacturing plants, companies
across various industries are expected to set up their manufacturing facilities
in this region.
Know what Impacts Your Revenues with
Exclusive, In-Depth Market Intelligence. Download PDF @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59465451
The actuators market has been studied for
North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW).
The Asia Pacific region is estimated to lead the actuators market in 2017, and
the region is expected to be a driver of the global Internet of Things (IoT) in
the coming years. IoT has been a focus area in emerging economies, such as
India and China. The Indian government, for instance, has been pursuing its
‘Digital India’ initiative with a massive push towards IoT. This includes the
establishment of smart cities and IoT-specific centers of excellence.
The significant investments incurred in the
development of different types of actuators is a major factor restraining the
growth of the actuators market across the globe. Significant investments are
required at different stages of the value chain of the actuator industry
(especially in R&D, manufacturing, system integration, and assembly
stages).
Products offered by various companies
operating in the actuators market have been listed in the report. The recent
developments section of the report provides information on the strategies
adopted by various companies between June 2013 and August 2017 to strengthen
their positions in the actuators market. Major players in the actuators market
include Emerson (US), Rotork (UK), Pentair (US), and Honeywell (US), among
others. These companies have significant geographic reach and distribution
channels.
Don’t
miss out on business opportunities in Actuator Market. Speak to our analyst and
gain crucial industry insights that will help your business grow.
