Press release
Linear Actuators Market Valuation of US$5,236.6 mn by 2024
Linear actuators refer to actuators which creates linear motion of a machine part or the machine itself. Linear actuators have varied applications, such as in linearly actuated valves, pumps, industrial machinery, vehicular brakes and computer peripherals among others. They can have a very simple mechanism of action, or can be very complex.
Growth in industrial automation, across verticals such as automotive, food & beverage manufacturing, pharmaceutical manufacturing, healthcare and defense among others, has been the primary driver of the linear actuators market in North America.
The increasing importance for water and wastewater management has also been boosting the growth of linear actuators market. Increasing population in North America has led to increasing demand for efficient water and wastewater management. With stringent environmental regulations and depleting water resources, the government of North American countries has been stressing on improving water and wastewater management systems.
Growing demand for various types of linearly actuated valves, for increasing energy efficiency, monitoring of quality of wastewater treatment, and also to meet the changing environmental regulations have been further promoting growth of linear actuator valves in North America. Considering the positive impacts of the factors mentioned above, the linear actuators market in North America can be anticipated to grow at a good pace during the forecast period.
On the basis of type, the North America linear actuators market has been segmented into pneumatic, hydraulic, mechanical electric and others. Electric linear actuators have been further divided into ball screw, linear guide, linear table, rod less linear actuator, rod style linear actuator and others.
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The rod style linear actuator sub-segment has again been divided into helical belt, worm, DC motor and servo motor. The market revenue for linear actuators has been provided in terms of USD million, along with the CAGR for the forecast period from 2016 to 2024.
End use industries covered under this report includes automotive, medical/healthcare, furniture, mining, steel, water & wastewater management, construction, it/semiconductor, military, agriculture, chemical, petrochemical among others.
Each of these segments provide market size and forecast for the period 2016 - 2024, highlighting the key trends influencing and challenging factors for each segment. The country wise market analysis gives in-depth analysis of the current trends in different countries including the U.S., Canada and Mexico.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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