The latest report on Hydraulic Actuators Market by Infinium Global Research gives complete coverage of the Hydraulic Actuators Market by 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 applications 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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The Hydraulic Actuator is a Versatile Component that Delivers Significant Linear or Rotational Force in a Small Space
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.
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 aerosurfaces. Moreover, the development of electro-hydraulic technology is another key factor is also propelling the market growth.
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Growing Demand from Construction, Agricultural, Mining Equipment, and Manufacturing Industries Drives the Growth of the Hydraulic Actuators
However, high installation and maintenance cost which may hamper the growth of hydraulic actuators market. Furthermore, research and development and innovations in hydraulic actuator are expected to open new growth avenues for the global hydraulic actuators market in coming years. For instance, Kyntronics has developed the SMART Hydraulic Actuator (SHA), a major development in power-on-demand servo-controlled, variable speed actuation.
Among the regions, the global hydraulic actuators market is segmented into North America, Asia-Pacific, Europe, and RoW. Asia-Pacific dominates the global hydraulic actuators market throughout the forecast period owing to the increasing demand for hydraulic cylinder from various end-use industries such as oil and gas, aerospace and defense, material handling, agriculture, automotive, construction, and mining.
The developing countries such as China, India, and Japan, are a major contributor to the hydraulic cylinder market in the Asia-Pacific region. Additionally, infrastructural developments, particularly in China, and India is further fueling regional growth. North America is accounted to hold the second-largest share of the global hydraulic cylinder market owing to the growing requirement for a hydraulic actuator for construction and mining activities, flourishing material handling equipment industry. Furthermore, the Middle East and Africa regions are anticipated to experience moderate growth in the hydraulic actuators market.
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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 applications 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.