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The global actuators market is estimated to be $37.38 billion in 2014, and it is expected to grow at a CAGR of 8.00% to reach $54.93 billion by 2019.
The actuators market overall has numerous competitors in each sector such as industry automobile, health care, aerospace & defense, marine, and mining. The primary market players are from the U.S. and Europe; the players from these regions have the technical know-how and have the capability to bring refreshed applications in the market. The current trend of the market is the technology advancement in actuators, which will increase the efficiency and effectiveness of the product.
Latest technology advancements in the actuators market are as follows:
Electric actuators are expected to replace hydraulic and pneumatic actuators used in medical industry due to its reliability and operational effectiveness. Latest technology in piezoelectric actuators offers number of advantages regarding precise control of medical device application. These actuators are more compact, required lower voltage, deliver higher torque and generate less heat.
H-bridge TECHLINE introduced actuators with iFLEX technology. It provides features like smooth movement to reduce mechanical stress and ensure long life of actuators.
Recently, AUMA has introduced AC actuators with advanced controls in latest automation technology. The new module provides superior safety integrity level (SIL) capability for industrial sectors.
This report provides a complete analysis of the actuators market for the next five year. It also gives insight in the regional trends for spending and analyzing the market share.
Report includes the in depth analysis of actuation system on the basis of the type of product i.e. hydraulic actuator, pneumatic actuator, electrical actuator, and mechanical actuator. Report also talks about general overview of the companies, their financial analysis, products, services, and the key developments of the leading competitor in the actuator market.
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- Global actuators system market is estimated to be $37.38 billion in 2014, and it is expected to grow at a CAGR of 8.00% to reach $54.93 billion by 2019
- Rapidly growing industrialization in blooming economies, increasing demand for efficient transport systems and massive demand for energy, metals, minerals and processed goods act as the major divers for actuators market
- Industrial sector is estimated to grow at a CAGR of 8.00% and recorded as the highest growth area comparing its other competitive sub sectors
- North America and APAC are holding the highest market share with an estimated market size of $7.85 billion and $7.48 billion, respectively
- The key players for this market are concentrated in U.S. and Europe and they are responsible for major innovations and setting up market trends.
Complete report spread across 147 pages available @ http://www.rnrmarketresearch.com/global-actuators-market-by-application-industry-health-care-automobile-aerospace-defense-marine-and-mining-by-geography-asia-pacific-europe-latin-america-north-america-the-middle-east-market-report.html .
Few Points from Table Of Contents
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.5 Research Methodology
2 Executive Summary
3 Market Overview
3.1 Market Definition
3.2 Market Segmentation
3.2.1 By Geography
3.2.2 By Sub-Sector
3.2.3 By Product
4 Market Dynamics
4.2.1 Huge Demand for Energy in the Growing Economy
4.2.2 Industrialisation in Developing Countries
4.2.3 Demand for Metals, Minerals, & Process Goods From Developing Countries
4.2.4 Increased Demand for Vehicles From the Commercial & Consumer Sector
4.2.5 Technology Advancement
4.2.6 Impact Analysis of Drivers
4.3.1 An Uncertain Financial Environment
4.3.2 Impact Analysis of Restraints
4.4.1 Suppliers’ Ability To Meet the Current Consumer Demand
4.4.2 Competitive Pricing Standards
4.4.3 Product Lifecycle
5 Market Share Analysis
5.1 Global Actuators Market
5.1.1 Global Actuators Market: Value Analysis
5.2 Regional Analysis
5.2.1 North America Actuators Market Spending
5.2.2 Europe Actuators Market Spending
5.2.3 Middle East Actuators Market Spending
5.2.4 Latin America Actuators.Market Spending
5.2.5 Asia-Pacific Actuators Market Spending
5.3 Sub-Sector Analysis
5.3.1 Industry Actuators Market Spending
5.3.2 Automobile Actuators Market Spending
5.3.3 Healthcare Actuators Market Spending
5.3.4 Aerospace & Defense Actuators Market & Others Market Spending
5.3.5 Marine Actuators Market Spending
5.3.6 Mining Actuators Market Spending
5.4 Product Analysis
5.4.1 Electric Actuator
5.4.2 Pneumatic Actuator
5.4.3 Hydraulic Actuator
5.4.4 Mechanical Actuator
6 Competitive Landscape
6.1 Market Share Analysis, By Company
6.2 Market Share Analysis, By Region
6.3 Opportunity Analysis
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