A recent report published by Infinium Global Research on hydraulic actuators market provides in-depth analysis of segments and sub-segments in the global as well as regional hydraulic actuators market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hydraulic actuators market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global hydraulic actuators market. According to the report, the global hydraulic actuators market is projected to grow at a CAGR of 3.9% over the forecast period of 2019-2025.
Hydraulic actuator is versatile components that deliver significant linear or rotational force in a small space. These are suited for high force applications. Furthermore, depending upon the type of actuation, hydraulic actuators are divided into linear actuators, rotary actuators, and semi-rotary actuators. The hydraulic actuator operates in pressures of up to 4,000 psi. It is used in various mobile and industrial application. Additionally, as compared with pneumatic, mechanical or electric systems, hydraulics can be simpler, more durable, and offer greater power density.
Hydraulic cylinders are found in countless applications. They are used in hydraulic presses, cranes, forges, and packing machines, agricultural machines, construction vehicles, and marine equipment. The hydraulic actuator is essential to the operation of excavators, loaders, balers, telehandlers, man-lifts, drill-rigs, and dump trucks. Thus, the growing demand from construction, agricultural, mining equipment, and manufacturing industries drives the growth of hydraulic actuators market. Besides this, in spacecraft and rockets, the hydraulic actuators find application in thrust vectoring of rocket nozzles, control of valve operation, control of aerosurfaces. Moreover, the development of electro-hydraulic technology is another key factor is also propelling the market growth. However, high installation and maintenance cost which may hamper the growth of hydraulic actuators market. Furthermore, research and development and innovations in hydraulic actuator are expected to open new growth avenues for the global hydraulic actuators market in coming years. For instance, Kyntronics has developed the SMART Hydraulic Actuator (SHA), a major development in power-on-demand servo-controlled, variable speed actuation.
Among the regions, the global hydraulic actuators market is segmented into North America, Asia-Pacific, Europe, and RoW. Asia-Pacific dominates the global hydraulic actuators market throughout the forecast period owing to the increasing demand for hydraulic cylinder from various end-use industries such as oil and gas, aerospace and defense, material handling, agriculture, automotive, construction, and mining. The developing countries such as China, India, and Japan, are a major contributor to the hydraulic cylinder market in the Asia-Pacific region. Additionally, infrastructural developments, particularly in China, and India is further fueling regional growth. North America is accounted to hold the second-largest share of the global hydraulic cylinder market owing to the growing requirement for a hydraulic actuator for construction and mining activities, flourishing material handling equipment industry. Furthermore, the Middle East and Africa regions are anticipated to experience moderate growth in the hydraulic actuators market.
The report on global hydraulic actuators market covers segments such as product type and application. On the basis of product type, the sub-markets include a linear actuator, rotary actuator, and semi-rotary actuator. On the basis of application, the sub-markets include oil and gas, construction, metals and mining, aviation, agricultural equipment, and other applications.
The report provides profiles of the companies in the market such as SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth S.A., Pentair plc, Eaton Corporation Inc, Parker-Hannifin Corporation, Rotork plc, Cameron International Corporation, The Emerson Electric Co., and The Flowserve Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hydraulic actuators market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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