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Hydraulic Rotary Actuators Market is estimated to grow at a CAGR of 3.4% during the forecast period of 2023-2030: Cognitive Market Research
Hydraulic Rotary Actuators Market is estimated to grow at a CAGR of 3.4% during the period of 2023-2030: Cognitive Market Research
- Hydraulic rotary actuators are mechanical devices that convert hydraulic energy into rotary mechanical energy, enabling control of rotary motion in many types of machinery in industrial environments. They are used in the industrial, marine, aerospace, agricultural, and construction industries. The basic structure of a hydraulic rotary actuator includes a cylinder, piston, rack, and pinion or vane mechanism. The cylinder contains hydraulic fluid that is pressurized by an external hydraulic pump. When fluid is introduced into the cylinder, the piston is pushed out and a rack and pinion or vane mechanism rotates, converting the linear motion of the piston into rotary motion.
Summary:
- As per Cognitive Market Research, Global Hydraulic Rotary Actuators market size was $720.8 Million in 2022. Hydraulic Rotary Actuators Industry's Compound Annual Growth Rate will be 3.4% from 2023 to 2030.
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Market Dynamics:
• The growing usage in the construction and mining industries
The growth in the construction and mining industries is boosting the hydraulic rotary actuators market. These industries are major users of heavy equipment such as excavators, bulldozers, and cranes, which require hydraulic rotary actuators for their operations. These actuators provide the necessary torque and power to these machines, making them crucial components for the smooth and efficient functioning of these industries. Hence, the demand for hydraulic rotary actuators is increasing from the construction and mining industries for the actuation of valves, gates, and other equipment.
According to the World Mining Data 2022, in the past two decades, the mining industry has experienced tremendous expansion, with global production of industrial minerals, metal ores, and mineral fuels amounting to 17.3 billion tonnes in 2020, up from 11.3 billion tonnes in 2000. This expansion is due to the economic growth in many countries which has led to increased investment in construction and mining projects which is majorly driving the demand for hydraulic rotary actuators.
• The rapid growth in industrial automation
• Technological advancements in developing energy-efficient hydraulic rotary actuators
Market Segmentation:
Type:
• Single-cylinder Hydraulic Rotary Actuators
• Multi cylinders Hydraulic Rotary Actuators
Application:
• Construction
• Oil and Gas
• Metal and Mining
• Agriculture
• Industrial
• Others
The Major Players in Hydraulic Rotary Actuators Market are: Parker Hannifin , PHD Inc. , Rotork , Moog Inc , Flowserve , Pentair , HKS Dreh-Antriebe GmbH , Bosch Rexroth , SMC Corporation , Micromatic , Eckart GmbH , Rotomation , Others
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Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Hydraulic Rotary Actuators Market
Chapter 4 Global Hydraulic Rotary Actuators Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Hydraulic Rotary Actuators Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Hydraulic Rotary Actuators Industry Mergers and Acquisition Analysis
• 5.3 Global Hydraulic Rotary Actuators New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Hydraulic Rotary Actuators Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Hydraulic Rotary Actuators Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Hydraulic Rotary Actuators Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Hydraulic Rotary Actuators Market Regional Analysis
Chapter 12 North America Hydraulic Rotary Actuators Market Outlook (2018 - 2030)
Chapter 13 Europe Hydraulic Rotary Actuators Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Hydraulic Rotary Actuators Market Outlook (2018 - 2030)
Chapter 15 Latin America Hydraulic Rotary Actuators Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Hydraulic Rotary Actuators Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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To know more about Hydraulic Rotary Actuators Market TOC click here: https://www.cognitivemarketresearch.com/hydraulic-rotary-actuators-market-report#table_of_contents
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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