Press release
Automotive Actuators Market Progresses for Huge Profits During 2017-2025
The actuator market is expected to grow at a CAGR of 5.4% because now manufacturers are focusing on making automated systems which will require actuators. This can also be used in air crafts and the demand is increasing because of the increase in air traffic and complete automation. Therefore the demand of actuators is increasing globally.
Rising wide number of application in the industries where high machineries are involved the demand of actuators increases globally. However high cost incurred in manufacturing of actuator devices may hamper the growth of actuator market in the future.
Traditional electric actuator technology has many drawbacks that limit its effectiveness for use on control valves. Successfully employed in the motion control industry for years, electric actuators based on servo motor and roller screw or planetary gear technologies eliminate these limitations allowing for a highly responsive, robust and accurate electric actuator solution that is well suited for valve control.
Exlar has designed actuators specifically for valve control utilizing this technology. These actuator solutions accommodate a wide range of typical valve control applications, including installations in hazardous environments, and offer unheard of flexibility and performance relative to traditional solutions.
Segmentation Overview
Linear actuators are the future of the automatic actuators market because they can be used in machinery, valves and other places where linear motion is required. Since the automation is rising and factory automation is combined with the internet of things the use of linear actuators is rising.
Oil and gas market is expected to have the highest growth in the actuator market.
Automotive Actuators Market: Region wise Outlook
The actuators market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Noerth America is the global leader of actuators and it will continue to be the same. Demand for actuators will increase in China and other ASEAN countries because the number of automobiles are increasing and for better functioning and automation actuators are required.
Japan also holds a good market share in the production of actuators. Due to the increase in automation in oil industries MEA region will also see an increase in the CAGR because of the gulf countries. Europe is also expected to generate a decent amount of increase in the actuator market.
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Automotive Actuators Market: Key Players
Some of the key players identified in Hypercar market are: Cameron, Tolomatic, inc, Duff – Norton, Emerson electronic, Flowserve, Pentair, ATI, Crane, Eaton, Honeywell, Moog, Rockwell, Collins, Saab, SMC, Woodward, Curtis-Wright.
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