A recent report published by Infinium Global Research on the hydraulic
actuators market provides an 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.
The hydraulic actuator is a versatile component that delivers
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 applications. 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 the 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.
Please Choose One of them.