Actuators Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Request Brochure Request Discount

Report Code: ZMR-561 | Report Format : | Status : Upcoming |

Abstract

Global Actuators Market: Overview

New technologies are being used in the mining industry, which in turn has increased the mining activities both onshore and on the ultra-deep seabed. Motors that can be used to control the movements of heavy machinery are required for mining activities in the mining industry. The actuator is the device that is used to convert the energy from a source into mechanical movements. The source of energy can be hydraulic fluid pressure, electric current or the pneumatic pressure. The scope of the actuators is not limited to the mining industry. They are also used in other industries such as healthcare, defense, and automobiles.

Global Actuators Market: Segmentation

The global actuators market is segmented into its type, end-use, applications, and regions. On the basis of the type of the actuators, the global market is categorized into hydraulic actuators, mechanical actuators, pneumatic actuators and electrical actuators. Based on the end use, the actuators market is segregated into marine, aerospace, automotive and defense. Various industrial applications where the actuators are used are power, water, and wastewater, pulp and paper, food and beverages, oil and gas, chemical, iron and steel, mining and others. The actuators market is diversified into regions such as Asia-Pacific, Europe, North America, the Middle East and Rest of the World.

Global Actuators Market: Growth Factors

The key factors that are driving the actuators market are industrialization and urbanization. There is the huge investment made in the infrastructure and renewal of the plants, which is positively contributing in the growth of the actuators market. The factors such as technological developments, increasing population, automation of the manufacturing plants, and extraction of natural resources from difficult locations will act as drivers for the market growth in the coming years. Many industries are compelling on automating the operations for greater efficiency, improved safety and increased accuracy in the production. In recent times, there was a rise in demand for remote monitoring, which also acted as added factor to the actuators market growth. Various sectors where the actuators are used include oil and gas, aerospace and defense, automotive, mining and marine. There is a great demand for the oil and gas industry owing to the growing demand of applications from the sectors such as gas and liquid pipelines, gas storage and liquefied natural gas. The factor that hampers the market growth is the competitive standards of pricing and the ability of the suppliers to meet the requirements of the consumer.

Global Actuators Market: Regional Analysis

The Asia Pacific region is dominated by the countries such as India and China, which are developing in the automotive industry at the rapid pace. The requirement to manufacture vehicles that are fuel-efficient and the rise in the number of passenger cars are driving the automotive actuators market. The European region is famous for its OEMs that deliver high-performance vehicles. Eastern Europe is having a sluggish growth while Western Europe which comprises of countries such as Germany, Italy, France and the U.K. is growing in terms of both market and technology.

Global Actuators Market: Competitive Players

Some of the key market players operating in the actuators market include Festo AG & Co. KG, Elger Controls India Private Ltd., Honeywell International Inc., Auma Riester GmbH & Co., Cameron International Corporation, Cair Euromatic Automation Pvt Ltd., Rotork Plc, Timotion Technology Co. Ltd., Pentair Plc., Motion Systems Corp, Harmonic Drive LLC, Micromatic LLC, Indelac Controls Inc., Top Line Process Equipment Co., and Emerson Electric.

Global Actuators Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Automated Storage and Retrieval System (ASRS) Market by Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, and Autostore); by Function (Assembly, Kitting, Order Picking, Distribution, Storage, and Others); for Industry (Automotive, Chemicals, Aviation, Electronics and Semiconductor, E-commerce, Food and Beverages, Healthcare, Metal and Heavy Machinery, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025

Apr-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2753 | Report Format:

The report covers forecast and analysis for the automated storage and retrieval system (ASRS) market on a global and regional level. The report includes the positive and the negative factors that are influencing the growth of the market Future opportunities of the market are discussed in the rep...Read More

Snow Melting System Market - By Type (Hydronic, and Electric), By Application (Residential, Commercial, and Municipal) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Mar-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2728 | Report Format:

The report covers detailed analysis and forecast for the snow melting system market on a global and regional level from 2014 to 2022. The study offers historic data of 2014, 2015 and 2016 along with a forecast from 2017 to 2022 based on revenue (USD Million). The study comprises a comprehensive vi...Read More

Robotic Cutting, Deburring, and Finishing Market by Product Type (6 Axis and 7 Axis and 3 Axis to 5 Axis), By Robot Type (Articulated Robots, SCARA Robots, Parallel Robots, Cartesian Robots, and Other Robots), By Process Type (Cutting, Finishing, Deburring, and Grinding), By Installation Type (New, Replacement, and Retrofit) For Application (Automotive Industry, Metal Industry, Electronics Industry, Chemicals and Plastics Industry, and Others): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024

Feb-2018 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-2651 | Report Format:

Report Brief The report covers forecast and analysis for the Robotic Cutting, Deburring, and Finishing (CDF) Market on a global and regional level The report also provides historical data of past three years of the market for better understanding the dynamics and trends prevalent in the market ...Read More

Wireless Gas Detection Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2607 | Report Format:

Global Wireless Gas Detection Systems Market: Overview A device utilized to sense a gas present in a system is known as a wireless gas detection system. Being an element of the safety system, it is utilized to sense leakage of any explosive and hazardous gases in the industry. Usually, the detec...Read More

Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.

Quick Inquiry