Actuators Market Value is Expected to reach at 49.28 Billion USD in 2022 | Prominent Market Key Players are

Actuators Market Overview:

An Actuator is a component of a machine that is responsible for moving and also controlling a mechanism or a system. It requires some amount of energy and a control signal, and it operates on a relatively low energy. The control signal can be a voltage or current, pneumatic, hydraulic pressure, or human power. When the actuator receives the control signal, it is converted into mechanical motion. Actuators are used across several sectors including oil and gas, automotive, aerospace and defense, marine and mining. The actuators market was valued at USD 38.80 Billion in 2017 and is expected to worth USD 49.28 Billion by 2022, growing a CAGR of approximately 4.90%.

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Actuators Market Drivers and Restraints:

Rapid urbanization and Industrialization are expected to be the key factors driving actuators market growth over the forecast period. Increase in the investments in the new infrastructure and refurbishment of existing plants is favorably impacting the market growth. Increasing population, technological advancements, manufacturing plant automation, and the need to extract natural resources from challenging locations will also drive the actuators market growth over the next few years. The significant investments incurred in the development of different types of actuators are 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).

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Actuators Market Geographical Segmentation:

Geographically, the global market is distributed into regions of North America, Asia Pacific, Europe, Middle East, and Rest of the World. The Asia Pacific region lead the actuators market in the year 2017. North America is also expected to emerge as a dominant regional market over the forecast period from 2017 – 2022, owing to the growing need for the process automation, and increasing demand across aerospace and defense applications. Rise in oil exploration activities and revitalization of existing facilities is expected to stimulate the use of actuators, particularly in emerging markets such as Africa and Latin America.

Key Takeaways from this Report:

• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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Actuators Market Key Players:

Some of the prominent players of the actuators market are Emerson, Rotork, Pentair, Honeywell, Eaton, and Rockwell Collins. These companies have significant geographic reach and distribution channels. Mergers and acquisitions remains to be a key growth strategy adopted by key market players.

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