Study papers on Actuators market and regional forecast. Actuators market players are Emerson (US), Honeywell (US), Moog (US), Rotork (UK), and Pentair (US), among others, and the manufacturers of different types of actuators, such as Parker Hannifin (US), ABB (Switzerland), Cameron (US), SMC (Japan), and Eaton (Ireland), among others
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Actuators market is projected to grow from an estimated USD 38.80 billion in 2017 to USD 49.28 billion by 2022, at a CAGR of 4.90% from 2017 to 2022. Technological advancements in actuators, increased investments in process automation across end-use verticals, and increase in the number of aircraft deliveries are the key factors driving the growth of the actuators market.
However, volatility in the oil & gas market is one of the restraints for the actuators market during the forecast period.
- Manufacturers of Actuator Systems
- Providers or Suppliers of Actuator Parts
- Manufacturers of Sub-components of Actuators
- Retailers, Distributors, and Wholesalers of Actuators
- Manufacturers of Automotive Components
- Manufacturers of Defense Components
- Manufacturers of Aerospace Components
- Technology Support Providers
- Original Equipment Manufacturers
Asia Pacific region is estimated to account for the largest share of the actuators market in 2017.The region is also expected to drive global IoT growth over the next 5 years.
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IoT has been an area of focus in emerging economies, such as India and China. This includes the establishment of smart cities, IoT-specific centers of excellence, which simultaneously are expected to propel the demand for actuators, driving the growth of the Asia Pacific actuators market.
The Asia Pacific actuators market is also projected to grow at the highest CAGR during the forecast period.
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Based on type, the linear actuator segment is estimated to account for the largest share of the actuators market in 2017. The growth of this segment of the market can be attributed to the significant growth in the automotive industry.
Linear actuators are used primarily in automation applications in a wide range of industries where machine components and tools, among others require linear positioning.
2 Ranking of Players,2016
3 Competitive Scenario
3.2 New Product Developments
3.3 Agreements/ Acquisitions/Joint Ventures
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The market study segments the actuators market based on type (linear, rotary), system (electrical, pneumatic, hydraulic, mechanical, and others), application (end use and industrial), and maps these segments and sub segments across five major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The report provides in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the actuators market, along with an analysis of micro markets with respect to individual growth trends, future prospects, and their contribution to the actuators market.
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