Hydraulic Actuators Market - Global Industry Analysis

Hydraulic Actuators Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Automotive Report Format : PDF Report Code: ZMR-6656 Status : Upcoming

Description

Global Hydraulic Actuators Market: Overview

The hydraulic system is adopted in several industrial and mobile applications to execute a large number of tasks. Activators are equipment that transforms energy into motion. Most of the tasks include controlling or moving mechanisms. Hydraulic actuators are widely utilized in mining and construction equipment like tractors, trucks, motors, excavators, and others. Also, hydraulic actuators are adopted in nuclear power plants. These actuators are used in the area that requires high speed and large forces for the purpose of cloud control applications. Actuators are effectively operated with the help of external energy sources like pneumatic pressure, hydraulic fluid pressure, and electric current, which are later converted into motion. Actuators include two fundamental motions namely rotary and linear motion. These machines are available in various sizes, types, and power configurations, according to the applications they need to be adopted.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Hydraulic Actuators Market: Growth Factors

The rapid development of smart cities globally is one of the primary key factors fuelling the growth of the global hydraulic actuators market. In addition, the growing inclination of people towards smart farming to encourage the growth of the agriculture sector is also posing a huge need for these actuators. There is a high requirement for minimizing the adoption of agricultural products to maintain crop productivity, thereby lowering the utilization of agriculture input components like soil improvement and plant protection is likely to fuel the adoption of hydraulic actuators. Furthermore, the surging prices of agricultural products along with growing initiatives towards environmental protection are also pressurizing the policymakers to encourage smart farming. Also, to raise profitability and sustainability of the agriculture sector to reduce crop wastage and enhance resource efficiency, there is no need to shift traditional farming techniques towards smart farming. Moreover, the ongoing technological advancements like the improvement of electro-hydraulic technology with the integration of hydraulics and electronics have significantly widened the utilization of hydraulic actuators globally. These hydraulic actuators find a large number of applications in thrust vectoring of rocket nozzles, control of aero surfaces, and control of the operation in spacecraft and rockets sector. The aerospace sector includes military aircraft applications as well as commercial applications which have emerged as a vital part of powering parameter systems and components. Also, the growing government initiatives towards improving the military and defense sector in several regions across the globe is also fueling the demand for these hydraulic actuators system significantly. The advent of low-cost hydraulic systems is further likely to project the growth of the global hydraulic actuators market significantly in the forthcoming years. Manufacturers are increasing funding to boost the research and development activities in order to launch innovative products in the global hydraulic actuators market.

Global Hydraulic Actuators Market: Segmentation

The global hydraulic actuators market can be segmented into application, product type, and region.

By application, the market can be segmented into the aviation industry, mobile equipment, and others. The mobile equipment segment can further be bifurcated into agricultural, metal & mining, oil & gas, construction, and others. The aerospace segment accounts for the largest share in the global hydraulic actuators market due to the growing utilization of these hydraulic actuators and their surging applications including control of wing, flaps door, control braking system, and several others. The growing investment from the government to encourage the growth of the aerospace sector will also leverage the growth of the segment.

By product, the market can be segmented into rotary and linear actuators.

Global Hydraulic Actuators Market: Regional analysis

North America accounts for the largest share in the global hydraulic actuators market due to the growing investment from the government to strengthen the military and aerospace sectors. The sectors require hydraulic actuators in a large number of applications. Also, the ongoing technological advancements in the field of hydraulic actuators will also support the growth of the regional market.

Europe accounts for the second-largest share in the global hydraulic actuators market due to the growing trend of smart farming in the region.

Also, Asia Pacific is expected to be the fastest-growing region in the global hydraulic actuators market due to the fast proliferating industrial sector in the region. Government initiatives and ongoing technological advancements are likely to be the primary factor for the growth of the regional market over the forecast period.

Global Hydraulic Actuators Market: Competitive Players

Some of the significant players in the global hydraulic actuators market are SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth S.A, Pentair Plc., Eaton Corporation, Parker Hannifin Corporation, Rotork Plc, Cameron International Corporation, Emerson Electric Co, and Flowserve Corporation. Product launches, research & development activities, and acquisition & collaboration are different strategies adopted by manufacturers in the market to grow and strengthen their position globally.

Global Hydraulic Actuators Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports 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.

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FrequentlyAsked Questions

The rapid development of smart cities globally is one of the primary key factors fuelling the growth of the global hydraulic actuators market. In addition, the growing inclination of people towards smart farming to encourage the growth of the agriculture sector is also posing a huge need for these actuators.

Some of the significant players in the global hydraulic actuators market are SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth S.A, Pentair Plc., Eaton Corporation, Parker Hannifin Corporation, Rotork Plc, Cameron International Corporation, Emerson Electric Co, and Flowserve Corporation.

 

North America accounts for the largest share in the global hydraulic actuators market due to the growing investment from the government to strengthen the military and aerospace sectors. The sectors required hydraulic actuators in a large number of applications. Also, the ongoing technological advancements in the field of hydraulic actuators will also support the growth of the regional market.

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