The global Hydraulic Actuators market was valued at US$ 1650.1 million in 2020 and it is expected to reach US$ 2017.4 million by the end of 2027, growing at a CAGR of 2.9% during 2021-2027.
Hydraulic actuators, used in the industrial fluid process control, employ hydraulic pressure to drive an output member. These are used where high speed and large forces are required for the fluid control applications.
The presence of low cost of hydraulic actuators when compared to electrical actuators is estimated to be one of the major factors that have a positive impact on the growth of the market. The reduction in costs has led to a high adoption of hydraulic actuators among end-user industries. The growth in fluid automation is one of the major factors driving the usage of hydraulic actuators. These actuators are mainly used for switching on or off or modulating the control of any gate valve or increasing the stem ball valve that is utilizing a hydraulic actuator supply. These functions performed by low-cost hydraulic actuators with robust structure will fuel the growth of the market.
Global Hydraulic Actuators Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Hydraulic Actuators Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Emerson, Flowserve, Parker Hannifin, Schamberger, Siemens and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-hydraulic-actuators-market-outlook
Segment by Type
- Linear Hydraulic Actuators
- Rotary Hydraulic Actuators
Segment by Application
- Oil and Gas Industry
- Metals and Mining Industry
- Power Generation Industry
- Chemical and Petrochemical Industry
Table of Content:
1 Hydraulic Actuators Market Overview
2 Hydraulic Actuators Market Competition by Manufacturers
3 Hydraulic Actuators Retrospective Market Scenario by Region
4 Global Hydraulic Actuators Historic Market Analysis by Type
5 Global Hydraulic Actuators Historic Market Analysis by Application
6 Key Companies Profiled
7 Hydraulic Actuators Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Hydraulic Actuators Market Dynamics
10 Global Hydraulic Actuators Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.