This market research report covers the growth prospects of the global hydraulic actuator market with segmentations based on product types (linear actuators and rotary actuators) and by end-users (oil and gas, construction, metals and mining, aviation, agricultural equipment and others). The research report also analyses the market shares for key geographies of APAC, EMEA and Americas. It also includes an insightful analysis of the leading vendors in this market such as Cameron, Emerson Electric, Flowserve, and GE Energy.
Technavio’s market research analysts estimate the global hydraulic actuator market, to grow at a CAGR of 3% between 2016 and 2020. Hydraulic actuators have extensive usage in heavy-duty machinery in the oil and gas, construction and earthmoving, and aerospace industries due to their higher power to weight ratio. APAC is expected to be the fastest-growing region in the global hydraulic actuator market, owing to the rapid industrial progress and increased spending on commercial and infrastructure projects.
The new market research report from Technavio provides a breakdown and analysis of the hydraulic actuator segments by technology.
“Of late, the vendors are offering one-stop solutions for complete hydraulic systems. They are integrating several components such as cylinders, valves, filters, hoses, connectors, and pumps to end-users for assembling a hydraulic system. This initiative has helped vendors to develop profitable maintenance and aftermarket service contracts. Through such offerings, the end-users can minimize their operation expenses and improve the performance of the overall equipment,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
Linear actuator hold the largest share in this market, occupying around 73% of the total market. Linear actuators are used to move linear valves such as a gate, globe, diaphragm, and pinch valves by sliding a stem that controls the measurement. These actuators have profound usage in engineered vehicles and the aerospace industry.
Global linear hydraulic actuators market 2015-2020 ($ billions)
Source: Technavio, 2016
The key players in the global hydraulic actuator market are Cameron, Emerson Electric, Flowserve, and GE Energy. This market is extremely fragmented with the presence of large international and regional vendors. The key players in the market operate as single source suppliers to their end-user offering complete hydraulic systems. This market is highly competitive in terms of price, project management, timeliness of delivery, quality, proximity to service centers, and technical expertise
A more detailed analysis is available in the Technavio report, Global Hydraulic Actuator Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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