Report Code: A01189 | Pages: 140 | Jul 2016 | 14344 Views | ||
Author(s) : Mugdha P | Tables: 41 | Charts: 6 |
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Request Now !Global Hydraulic Actuator Market is expected to garner $2.4 billion by 2022, registering a CAGR of 3.6% during the forecast period 2016 - 2022. Hydraulic actuator, also known as hydraulic cylinder and pneumatic cylinder, is integral components of hydraulic systems.
Hydraulic systems are used in various mobile and industrial applications in order to perform a wide variety of tasks. Hydraulic actuators are used in construction, agricultural and mining equipment such as excavators, loaders, trucks, tractors and others. Moreover, hydraulic cylinders are also used in application areas, such as manufacturing, nuclear power plants and others.
Increasing usage of hydraulic systems in mining, construction, and agricultural equipment has supplemented the overall market growth. Technological advancements such as development of electro-hydraulic technology is amongst other factors propelling the demand for pneumatic cylinders. Moreover, the integration of hydraulics with electronics has expanded the usage of hydraulic cylinders in applications areas such as renewable energy. However, high cost of manufacturing and lack of product differentiation of pneumatic cylinders are challenges faced by the players operating in the market.
The hydraulic actuators market is segmented based on product type, application, and geography. Based on product type, hydraulic cylinders are classified as linear and rotary actuators. Based on application, the market is segmented into mobile equipment, industrial, and aviation & others. Sub-segments of mobile equipment comprise construction, oil & gas, metal & mining, agriculture and others. The market is analyzed across geographical regions namely North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK & Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players of the market profiled in this report are Flowserve Corporation, Emerson Electric Co., Cameron International Corporation, Eaton Corporation, Bosch Rexroth S.A., Pentair Plc., Rotork Plc., Parker Hannifin Corporation, SMC Corporation and Wipro Infrastructure Engineering.
KEY BENEFITS FOR STAKEHOLDERS
The hydraulic actuators market is segmented on the basis of product type, application, and geography.
KEY MARKET PLAYERS
Hydraulic Actuators Market Report Highlights
Aspects | Details |
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By PRODUCT TYPE |
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By APPLICATION |
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By GEOGRAPHY |
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Key Market Players | Bosch Rexroth S.A, Pentair Plc., Emerson Electric Co., Rotork Plc., Wipro Infrastructure Engineering, Eaton Corporation, SMC Corporation, Cameron International Corporation, Parker Hannifin Corporation, Flowserve Corporation |
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