The latest report on Hydraulic Actuators Market by Infinium Global Research gives complete coverage of the Hydraulic Actuators Market by product type (linear actuator, rotary actuator, semi-rotary actuator), application (oil, gas, construction, metals, mining, aviation, agricultural equipment) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of Hydraulic Actuators such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Manufacturing Industries Drives the Growth of Hydraulic Actuators Market
The hydraulic actuator is a versatile component that delivers significant linear or rotational force in a small space. These are suited for high force applications. Furthermore, depending upon the type of actuation, hydraulic actuators are divided into linear actuators, rotary actuators, and semi-rotary actuators. The hydraulic actuator operates in pressures of up to 4,000 psi. It is used in various mobile and industrial applications. Additionally, as compared with pneumatic, mechanical or electric systems, hydraulics can be simpler, more durable, and offer greater power density.
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New Growth Avenues for The Global Hydraulic Actuators Industry
Hydraulic cylinders are found in countless applications. They are used in hydraulic presses, cranes, forges, and packing machines, agricultural machines, construction vehicles, and marine equipment. The hydraulic actuator is essential to the operation of excavators, loaders, balers, telehandlers, man-lifts, drill-rigs, and dump trucks. Thus, the growing demand from construction, agricultural, mining equipment, and manufacturing industries drives the growth of the hydraulic actuators market. Besides this, in spacecraft and rockets, the hydraulic actuators find application in thrust vectoring of rocket nozzles, control of valve operation, control of aero surfaces.
Moreover, the development of electro-hydraulic technology is another key factor is also propelling the market growth. However, high installation and maintenance cost which may hamper the growth of hydraulic actuators market. Furthermore, research and development and innovations in hydraulic actuators are expected to open new growth avenues for the global hydraulic actuators market in the coming years. For instance, Kyntronics has developed the SMART Hydraulic Actuator (SHA), a major development in power-on-demand servo-controlled, variable speed actuation.
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Reasons to Buy this Report:
Comprehensive analysis of global as well as regional markets of the Hydraulic Actuators.
Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.