Engine Actuators Market Worldwide Top Players Revenue Analysis Hitachi Automotive System, Aptiv PLC, Continental Automotive GmbH, Eaton Corporation, Aisin Seiki Co., Ltd. Arkwin Industries Inc., Johnson Electric Holdings Limited, Moving Magnet Technologie

An actuator is a component of a machine that is used for controlling or moving a system or mechanism. An actuator requires a source of energy and a control signal, which is comparatively a low energy such as electric current or voltage, hydraulic or pneumatic pressure or sometimes human power. The main source of energy might be electric current, pneumatic pressure or hydraulic fluid pressure. The actuator converts the energy into mechanical motion when it receives the control signal.

Download PDF Brochure of Research Report: https://www.coherentmarketinsights.com/insight/request-pdf/1819

Increasing demand for fuel-efficient vehicles is one of the major factors driving growth of the market

Increasing demand for fuel-efficient vehicles is one of the major factors driving growth of the market. This is attributed to factors such as increasing dearth of conventional fuels, regulations concerning exhaust gas emissions, increasing need for safety features, and growing trend of electric vehicles.
Moreover, stringent government regulations for fuel-efficient vehicles is another factor driving growth of the global engine actuators market. In 1975, the U.S. government had passed Corporate Average Fuel Economy (CAFE) standards, which had separate standards for ‘passenger cars’ and ‘light trucks’ although majority of the ‘light trucks’ were being used as passenger vehicles.

Global Engine Actuators Market: Segment Trends

On the basis of vehicle types, passenger vehicles segment is the fastest growing segment, owing to increasing sales of these vehicles worldwide. According to International Organization of Motor Vehicle Manufacturers, in 2016, around 70 million units of passenger cars were sold worldwide.
Global Engine Actuators Market: Regional Insights

Asia Pacific is expected to witness significant growth in the market over the forecast period. The emerging economies such as India and China are the growth engines of the market in this region. Increasing sales of both passenger and commercial vehicles is one of the major factors driving growth of the global engine actuators market in these economies. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the total number of passenger cars sold in India was 2.9 million units in 2016 and it increased up to 3.2 million units in 2017.

Request for Customization of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/1819

Global Engine Actuators Market: Competitive Landscape

Major players operating in the global engine actuators market include Hitachi Automotive System, Aptiv PLC, Continental Automotive GmbH, Eaton Corporation, Aisin Seiki Co., Ltd. Arkwin Industries Inc., Johnson Electric Holdings Limited, Moving Magnet Technologies S.A., Delphi Automotive LLP., and Woodward, Inc.

Global Engine Actuators Market: Taxonomy

On the basis of product type, the global engine actuators market is segmented into:

• Digital Linear Actuators
• Variable Valve Timing
• Air Control Valves
• Exhaust Gas Recirculation Valves
• Electronic Throttle Valves
• Idle Speed Controllers

On the basis of vehicle type, the global engine actuators market is segmented into:

• Commercial Vehicles
• Passenger Vehicles

On the basis of region, the global engine actuators market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.