The Infinium Global Research analyzes the Hydraulic Actuators Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in the global hydraulic actuators market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of hydraulic actuators. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the hydraulic actuators market during the period. The global hydraulic actuators market is projected to grow at a CAGR of 3.9% over the forecast period of 2019-2025.
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Increasing Demand for Hydraulic Actuator from Construction, Agricultural, Mining Equipment, and Manufacturing Industries Drive the Growth of the Hydraulic Actuators Market
The increasing demand for hydraulic actuator from construction, agricultural, mining equipment, and manufacturing industries drive the growth of the hydraulic actuators market. Besides this, hydraulic actuator finds their major application in the aerospace sector. For instance, in spacecraft and rockets, the hydraulic actuators find application in thrust vectoring of rocket nozzles, control of valve operation, and control of aero surfaces.
Additionally, the development of electro-hydraulic technology is also escalating the market growth over the forecast period. On the other hand, the high installation and maintenance cost is expected to restrain the growth of the market. Going further, market players are more focusing on research and development in hydraulic actuator and are expected to open new growth opportunities for the global hydraulic actuators market in the coming years. For instance, Kyntronics has developed the SMART Hydraulic Actuator (SHA), a major development in power-on-demand servo-controlled, variable speed actuation.
Hydraulic Actuators Market: Segmentation
The report on global the hydraulic actuators market has been broadly segmented into product type and application. Based on product type, the market is further bifurcated into the linear actuator, rotary actuator, and semi-rotary actuator. On the basis of application, the market is segmented into oil and gas, construction, metals and mining, aviation, agricultural equipment, and other applications. The rotary actuator segment is anticipated to register significant market share in this market owing to their advantages like reliability, higher efficiency, and growing application in mobile equipment.
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The Asia Pacific Accounted to Hold Maximum Share in the Global Hydraulic Actuators Market
Geographically, the global hydraulic actuators market is classified into North America, Asia Pacific, Europe, and RoW. The Asia Pacific accounted to hold the maximum share in the global hydraulic actuators market owing to growing demand from the end-use industries such as oil and gas, aerospace and defense, agriculture, automotive, and construction. Developing countries such as China, India, and Japan are major contributors to the Asia Pacific hydraulic actuators market. North America is expected to hold the second position in this market. The U.S. is expected to register the highest CAGR over the forecast period. The increasing demand for modern equipment and machinery for hydraulic actuators and the expansion of the oil and gas industry drive the growth of the Europe region.
Hydraulic Actuators Market: Competitive Analysis
The major players in the hydraulic actuators market include SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth S.A., Pentair plc, Eaton Corporation Inc, Parker-Hannifin Corporation, and Rotork plc, Cameron International Corporation, The Emerson Electric Co., and The Flowserve Corporation. These players are focusing on partnerships, and the establishment of new manufacturing facilities to strengthen its market position.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the hydraulic actuators.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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