DUBLIN--(BUSINESS WIRE)--The "Actuators Market by Type (Linear Actuators, Rotary Actuators), System (Electrical, Hydraulic, Pneumatic, Mechanical), Application (End Use, Industrial), and Region (North America, Europe, Asia Pacific, Middle East, RoW) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The 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.
The major factor expected to act as a major driver is the increased investment in process automation across end-use verticals. This, in turn, is expected to drive the growth of the actuators market during the forecast period from 2017 to 2022. The actuators market has been segmented based on type, system, application, and region.
Based on type, the actuators market has been segmented into linear and rotary. The linear segment is expected to lead the actuators market in 2017. The rising need by manufacturing industries to improve combustion control, increase reliability, and reduce production costs, along with increased demand for fuel-efficient vehicles, implementation of stringent environmental regulations, and increasing automation in emerging economies are some of the factors expected to drive the growth of the linear actuators market during the forecast period.
Products offered by various companies operating in the actuators market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies between June 2013 and August 2017 to strengthen their positions in the actuators market. Major players in the actuators market include Emerson (US), Rotork (UK), Pentair (US), and Honeywell (US), among others. These companies have significant geographic reach and distribution channels.
- Technological Advancements in Actuators
- Increase in the Number of Aircraft Deliveries
- Increased Investments in Process Automation Across End-Use Verticals
- Volatility in Oil & Gas Market
- Use of Advanced Actuators in Different Verticals
- Use of Actuators in Smart Cities
- Power Consumption, Noise, and Leak Issues
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Actuators Market, by Type
8 Actuators Market, by System
9 Actuators Market, by Application
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Festo AG
- Parker Hannifin
For more information about this report visit https://www.researchandmarkets.com/research/96c8vp/global_actuators?w=4