Actuators Market 2018 Global Major Key Players: Schlumberger company, Eaton, The Emerson Electric Company, Festo AG & Co. KG, Flowserve, Honeywell International, KITZ

Actuators Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Actuators Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Global Actuators Market by Type (Pneumatic Actuators, Hydraulic Actuators, Electric Actuators and Mechanical Actuators), By End-User (Automotive, Oil & Gas, Aerospace & Defence, Pharmaceutical, Power, Food & Beverages, Chemicals, Water & Wastewater and Mining & Metals) by Region (Americas, Europe, Asia Pacific and Middle East & Africa) - Global Forecast to 2025.

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Market Highlights

An actuator is a device which converts energy into variable motions it is basically implies a force on an entity to perform various mechanical operations. It is basically a mechanical equipment that intakes energy, created by compressed air, liquid or electricity and converts it into linear and rotary motion. Actuators usually are used in industrial or manufacturing applications and are used in devices such as pumps, valves and motors.

The actuators market is majorly driven by the factors such as a rise in the number of aircraft carriers, continuous growth in the global automotive industry, and the technological advancements in actuators is propelling the market growth. Also, the growing industrial base in Asia Pacific region has a positive influence on the growth of the market. The actuators market may witness hinderances in growth due to costing of the actuators. Also power consumption, noise, and leaks are the major challenges faced by the actuators in the current market.

Global Actuators Market is expected to grow with the CAGR of approximately 5.23% during the forecast period.

Electric Actuators, by type segment and automotive industry, by end-user segment are expected to hold the largest market size in forecast period.

Global Actuators Market is segmented, by type as Pneumatic actuators, Hydraulic actuator, Electric actuator and Mechanical actuators. Electric actuator type segment accounted for the largest market share of about 32.2% in 2016, with a market value of more than USD 4,300 million in 2016 and is projected to grow at the highest CAGR during the forecast period. Electric actuators benefit from cleaner, simpler, and more energy-efficient power transmission. Its integration is easier with programmable controls, and maintenance is minimized with no parts replacement or lubrication needed except in extreme conditions. Based on end-user, the market is segmented as Automotive, Oil & Gas, Chemicals, Aerospace & Defense, Pharmaceutical, Power, Food & Beverages, Water & Wastewater, and Mining & Metals. Automotive accounted for the largest market share of about 18.13%, in 2016, with a market value of more than USD 2,450 million; projected to grow at the highest CAGR of 6.11% during the forecast period. The increase in demand from the upper middle class for automotive vehicles is driving the actuators market in the Asia-Pacific region. The growing automotive vehicles market has increased the demand for actuators as the latter is an essential component used in vehicles.

Scope of the Report

This study provides an overview of the global actuators market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global actuators market by type, by end-users, and by regions.

Global Actuators Market, By Type
Pneumatic Actuators
Hydraulic Actuators
Electric Actuators
Mechanical Actuators

Global Actuators Market, By End-User
Automotive
Oil & Gas
Aerospace & Defence
Pharmaceutical
Power
Food & Beverages
Chemicals
Water & Wastewater
Mining & Metals

Global Actuators Market, By Region
Americas
Europe
Asia Pacific
Middle East & Africa

Key Players

Cameron, a Schlumberger company (U.S.), Eaton Corporation plc (Ireland), The Emerson Electric Company (U.S.), Festo AG & Co. KG (Germany), Flowserve Corporation (U.S.), Honeywell International Inc. (U.S.), KITZ Corporation (Japan), Rotork plc. (Japan), SAMSON AG (Germany), and SMC Corporation (Japan).

Segmentation:

The global actuators market is segmented into the prominent regions of Americas, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region have the huge potential for the actuators market. The region is also expected to drive global IoT growth over the next 5 years. IoT has been an area of focus in emerging economies, such as India and China. This includes the establishment of smart cities, IoT-specific centers of excellence, which simultaneously are expected to propel the demand for actuators. The Asia Pacific actuators market is also projected to grow at the highest CAGR OF 5.93% during the forecast period. Americas is one of the major regions for the actuators. America’s actuators market holds an enormous potential of growth in the near future. Increasing investments across life sciences, automotive, food processing and packaging segments to revive growth. Hence, America’s actuators market is expected to grow at a CAGR of 5.21%. Europe is one of the major region for electric two-wheeler and has achieved an ample scope due to the presence of profitable countries such as Germany, U.K, and Norway. Additionally, the region is the hub of major are automobile manufacturers such as Audi, BMW, and Volvo among others. This also has the positive influence on the growth of the market. According to ITA Pharmaceuticals Top Markets Report, 2016, countries such as Belgium, Switzerland, United Kingdom, Germany, and Austria are expected to rank as one the leading pharmaceutical exporter in 2016-2017.

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