Press release
Hydraulic Actuator Market Analysis and Forecast 2017-2025 | Flowserve Corporation, Emerson Electric Co., Cameron International Corporation, Siemens AG
Hydraulic actuators are widely used in various industrial application in order to perform variety of industrial tasks. These are used where high speed and large forces are required for the fluid control applications. Hydraulic actuators are used in industrial fluid process control, employ hydraulic pressure to drive an output, construction, agriculture and mining equipment for excavators, loaders, trucks, tractors and others. Increasing demand of hydraulic systems in mining, construction, and agricultural equipment are positively affecting the growth of global hydraulic market. In addition, increasing fluid automation in various industry verticals is one of the major driving factors for the use of hydraulic actuators
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Hydraulic actuator is a device that helps in automatically closing or opening a valve, hydraulic actuator consists of a cylinder or fluid motor that uses hydraulic power to facilitate mechanical operation. The working media in hydraulic actuator is hydraulic oil.
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Hydraulic actuator market: Drivers and Challenges
The major growth drivers of the Hydraulic actuator market include rise in demand from manufacturing industry, utility sector, power generation and mining. Increasing construction and manufacturing and mining activities in various region is expected to drive the growth of global hydraulic actuator market. In addition, rising demand from the developing countries is projected to fuel the growth of hydraulic actuator over the forecast period.
Major challenges of hydraulic actuator market is excessive cost of installation and maintenance. In parallel, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which may hinder the growth of Hydraulic actuator market.
Hydraulic actuator market: Segmentation
Segmentation on the basis of Product Type:
Global hydraulic actuator market is segmented on the basis of product type. On the basis of product type global Hydraulic actuator market segmented as linear actuator and rotary actuator. The global rotary actuator market is expected register a high market share during the forecast period due to their higher efficiency, reliability and increasing usage in mobile equipment.
Segmentation on the basis of End-user:
Further Hydraulic actuator market is segmented on the basis of end-user. In now days hydraulic actuators are used in various industrial applications. On the basis of end-user hydraulic actuator market segmented as oil and gas, construction, metals and mining, aviation, agricultural equipment, others (automotive, earthmoving, and material handling).
Competition Landscape
Key Contract
In July 2014, Flowserve Corporation, a U.S. based leading provider of flow control products and services for various industry vertical, announced to launch “Limitorque Hydraulic Scotch yoke (LHS) actuator”.
Key Players
Some of the major players in global hydraulic actuator market are Flowserve Corporation, Emerson Electric Co., Cameron International Corporation, Siemens AG, Rotork plc. Parker-Hannifin Corporation, Eaton Corporation, Pentair Plc., Bosch Rexroth Group, Wipro Infrastructure Engineering, and SMC Corporation. Other players in global Hydraulic actuator market are 2G Engineering, ATI, Curtiss-Wright, ITT, and Ace Micromatic.
Regional Overview
Presently, North America and Asia Pacific (APEC) is holding the largest market share for Hydraulic actuator market due increasing demand from various industries. Moreover, Europe is fastest growing market for Hydraulic actuator market due to increase use in remote control operations and solutions. Usage of low cost of hydraulic actuators is projected to push the global hydraulic actuator market. The Demand for Hydraulic actuator has risen dramatically over the past 12 months globally.
The report covers exhaustive analysis on:
Hydraulic actuator market Segments
Market Dynamics of Hydraulic actuator market
Historical Actual Market Size, 2012 - 2016
Market Size & Forecast 2017 to 2027
Value Chain of Hydraulic actuator market
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Drivers and Restraints
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Regional analysis for Hydraulic actuator market includes development of these systems in the following regions:
North America
By US
By Canada
Latin America
By Brazil
By Mexico
By Others
Eastern Europe
Russia
Poland
Rest OF Eastern Europe
Western Europe
Germany
France
U.K.
Spain
Italy
NORDIC
Benelux
Rest of Western Europe
Asia Pacific
By Australia and New Zealand (ANZ)
By Greater China
By India
By ASEAN
By Rest of Asia Pacific
Japan
Middle East and Africa
By GCC Countries
By Other Middle East
By North Africa
By South Africa
By Other Africa
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
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