Actuators Market Led by Electric Actuators Segment Rising at 5.43% CAGR to 2021
PUNE, India, June 9, 2016 /PRNewswire/ --
Global actuators market is projected to grow from $36.63 billion in 2016 to $47.72 billion by 2021, at a CAGR of 5.43% driven by factors like rise in demand for advanced automation systems worldwide and investments in technologically-advanced actuators by manufacturers for advanced automation systems.
Complete report on global actuators market spread across 182 pages, profiling 10 companies and supported with 80 tables and 62 figures is now available at http://www.rnrmarketresearch.com/actuators-market-by-type-pneumatic-hydraulic-electric-mechanical-by-industry-application-oil-gas-power-chemical-water-waste-water-iron-steel-pulp-paper-mining-food-beverage-others-by-end-u-st-to-2021-market-report.html .
Electric actuators in the end user segment market are projected to hold the highest share in terms of value, by 2021. This is due to increase in demand for high power efficiency with low weight actuators worldwide, which will drive the demand for electric actuators globally.
The automotive actuators market in the Asia-Pacific region is growing at a faster rate. The increasing demand from the upper middle class for automotive vehicles is driving the actuators market in the region. The growing automotive vehicles market has increased the demand for actuators as the latter is an essential component used in vehicles.
To determine the market size of various segments and sub-segments of the actuators market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Directors Level (25%) and others (40%) from various key organizations operating in the global actuators market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (30%), APAC (20%) and Row (5%).
Key players operating in the actuators market include Rotork Plc (U.K.), Pentair Plc (U.K.), Honeywell International Inc. (U.S.), Emerson Electric (U.S.), and Cameron International Corporation (U.S.). Order a copy of Actuators Market by Type (Pneumatic, Hydraulic, Electric, Mechanical), by Industry Application (Oil & Gas, Power, Chemical, Water & Waste Water, Iron & Steel, Pulp & Paper, Mining, Food & Beverage, Others), by End-Use (Aerospace, Automotive, Defense, Marine) Region (North America, Asia-Pacific, Europe, Middle East, Row) - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=608008 .
From an insights perspective, this research report has focused on various levels of analysis -industry analysis (industry trends, market share analysis of top players, and company profiles), which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the actuators market, high-growth regions and countries, and their respective government regulatory policies, with market drivers, restraints, and opportunities.
On a related note, another research on Automotive Actuators Market Forecast & Analysis to 2020 says, the global market size is projected to grow at a CAGR of 10.4% from 2015 to 2020. The Asia-Pacific and North American automotive actuators markets are growing at a noteworthy rate; whereas the European market is set to grow at a decent rate from 2015-2020. This report provides a comprehensive analysis and insights into the automotive actuators market. Companies like Robert Bosch GmbH, Johnson Electric Holdings Limited, Continental AG, Hella Kgaa Hueck & Co, Denso Corporation, Mitsubishi Electric Corporation, Delphi Automotive PLC, Valeo S.A., Magneti Marelli S.P.A and Hitachi, Ltd. have been profiled in this 250 pages research report available at http://www.rnrmarketresearch.com/automotive-actuators-market-by-product-type-throttle-power-seat-egr-brake-vgt-wastegate-grille-shutter-intake-flap-electrical-exhaustsound-flap-thermo-modulethermal-actuators-by-vehicle-market-report.html .
Explore more reports on manufacturing & construction market at http://www.rnrmarketresearch.com/reports/manufacturing-construction.
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