Hydraulic Actuators Market Growth to 2020 Driven by Electro-Hydraulic Actuator Technology
PUNE, India, March 3, 2016 /PRNewswire/ --
As a differentiating factor in hydraulic actuators market, vendors are providing a one-stop solution for complete hydraulic systems and solutions and as part of the integrated solutions, vendors offer components such as cylinders, valves, filters, hoses, connectors, and pumps to end-users for assembling a hydraulic system. These offerings allow vendors to develop profitable maintenance and aftermarket service contracts.
Complete report on hydraulic actuators market spread across 44 pages, analyzing 4 major companies and providing 26 data exhibits is now available at http://www.reportsnreports.com/reports/496178-global-hydraulic-actuators-market-2016-2020.html.
The analysts forecast global hydraulic actuators market to grow at a CAGR of 3.49% during the period 2016-2020. Move toward low-cost developing countries for production process has reduced the overall cost of hydraulic actuators while retaining quality and maintaining brand standards. It has also helped the vendors to enhance their local presence in the fast-growing markets.
The growth of the electro-hydraulic actuator technology has been driving the hydraulic actuators market growth. Electro-hydraulic actuators incorporate servo valves and electronic controls to provide rod position feedback to ensure efficient machine operations. This integration has led to high accuracy, enhanced functionality, improved ease-of-use, and controlled performance. It controls the speed and position of loads in several applications such as material handling equipment, steel mill actuators, nuclear power plant controls, and elevators. This integration with electronics has also expanded hydraulic actuator applications in the renewable energy sectors such as wind and solar. These features of the electro-hydraulic actuator are likely to gain significance and demand in the market during the forecast period. Order a copy of Global Hydraulic Actuators Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=496178.
Linear actuators accounted for more than 73% of the market share during 2015 and are expected to retain its market leadership until the end of 2020. These actuators are used to move linear valves such as a gate, globe, diaphragm, and pinch valves by sliding a stem that controls the measurement. They can operate at forces of 500 PSI or greater, and are suited for high force applications requiring precise control. They are used in engineered vehicles and the aerospace industry. Retrofits remain a key contributor to this market's growth.
During 2015, the oil and gas segment dominated the market, accounting for more than 26% of the market share. The oil and gas sector requires high pressure and torque for the operation of valves. Hydraulic valve actuators find applications in drill rigs, exploration, and offshore plants. They are used in jacking systems to increase or decrease oil well drilling, excavators, off-road dump trucks, and rigs. These actuators are also used to automate valves located on gas transmission pipelines that operate in remote areas and harsh climatic conditions.
Key players in the global hydraulic actuators market: Cameron, Emerson Electric, Flowserve and GE Energy. Other prominent vendors in the market are: Bosch Rexroth, Eaton, Parker Hannifin, Pentair, Rotork and Wipro Infrastructure
Further, the hydraulic actuators market report states that the hydraulic actuator technology is mature, and the basic design and structure has not undergone many major changes. Lack of effective product differentiation can pose a serious threat to future market growth.
Another related report is Global Pneumatic Actuators Market 2016-2020 that forecasts global pneumatic actuators market to grow at a CAGR of 3.66% during the period 2016-2020. Pneumatic actuators are equipped with sensors and integrated with other equipment through the IoT. Such integration should enable enterprises to collect useful data on cylinder speed, travel, temperature, and pressure, and the information can be used to optimize production or flag maintenance issues before a component fails completely. Browse complete report @ http://www.reportsnreports.com/reports/496182-global-pneumatic-actuators-market-2016-2020.html.
Key players in the global pneumatic actuators market: Emerson Electric, Flowserve, Pentair and SMC. Other prominent vendors in the market are: ATI, Bosch Rexroth, Crane, Eaton, Festo, Parker Hannifin and Rotork.
Explore more reports on manufacturing related market segments at http://www.reportsnreports.com/market-research/manufacturing/ .
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