Description
Market Analysis
For converting the energy into motion, the actuator equipment is used. It is mainly used for the application of force on a particular entity for performing numerous mechanical operations. The actuator is typically a mechanical device which consumes energy that is created by the compressed air, liquid or electricity by converting it different kinds of motion, like rotary and linear. The actuators are used in various manufacturing or industrial applications. It is also used in various devices such as motor, switches, pumps, and valves. The global actuators market is projected to grow at a rate of 5.23% CAGR during the forecast period (2017-2023).
The actuators market is significantly determined by the elements, for example, growth in the number of aircraft carriers, persistent development in the automotive industry, and innovative progressions in actuators is moving the market development. Additionally, the growing mechanical base in the Asia Pacific region is highly affecting the development of the market. The actuators market may observer deterrents in development because of the expensive nature of the actuators. However, noise, power consumption, and leaks are the main challenges that are faced by the global actuators market.
Market Segmentation
The global actuators market has been classified on the basis of its end-user, type, and regional demand. On the basis of its type, the global actuators market has been segmented as Electric, Pneumatic, Mechanical, Hydraulic, and others. Based on its end-users, the market is bifurcated into automotive, Aerospace & Defence, Oil & Gas, Pharmaceutical, Food & Beverages, Water & Wastewater Power, Chemicals, and Mining & Metals.
Regional Analysis
Geographically, the global actuators market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major Players
The major industry players in the global actuators market include prominent names like Cameron, a Schlumberger company (U.S.), The Emerson Electric Company (U.S.), Eaton Corporation plc (Ireland), Festo AG & Co. KG (Germany), Honeywell International Inc. (U.S.), Flowserve Corporation (U.S.), KITZ Corporation (Japan), SAMSON AG (Germany), SMC Corporation (Japan), Rotork plc. (Japan), among others.
Table of Contents
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Technological Advancements in Actuators
4.2.2 Rise in the Number of Aircraft Carriages
4.2.3 Continuous Growth in Global Automotive Industry
4.3 Restraint
4.3.1 Costing of actuators
4.4 Opportunity
4.4.1 Growing industrial base in Asia Pacific
4.5 Challenge
4.5.1 Power Consumption, Noise, and Leak Issues
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Threat of Substitutes
5.1.4 Bargaining Power of Buyers
5.1.5 Segment Rivalry
5.2 Supply Chain Analysis
6 Global Actuators Market, By Type
6.1 Introduction
6.1.1 Pneumatic Actuators
6.1.2 Hydraulic Actuators
6.1.3 Electric Actuators
6.1.4 Mechanical Actuators
7 Global Actuators Market, By End-User
7.1 Introduction
7.1.1 Automotive
7.1.2 Oil & Gas
7.1.3 Aerospace & Defence
7.1.4 Pharmaceutical
7.1.5 Power
7.1.6 Food & Beverages
7.1.7 Chemicals
7.1.8 Water & Wastewater
7.1.9 Mining & Metals
8 Global Actuators Market, By Region
8.1 Introduction
8.2 Americas
8.2.1 U.S.
8.2.2 Canada
8.2.3 Brazil
8.2.4 Rest of Americas
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Russia
8.3.5 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 Africa
8.5.2 Middle East
9 Competitive Landscape
9.1 Competitive Scenario
9.2 Global Market Share Analysis
10 Company Profiles
10.1 Honeywell International Inc.
10.1.1 Company Overview
10.1.2 Financials
10.1.3 Products
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 Swot Analysis
10.2 Flowserve Corporation
10.2.1 Company Overview
10.2.2 Financials
10.2.3 Products
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 Swot Analysis
10.3 The Emerson Electric Company
10.3.1 Company Overview
10.3.2 Financials
10.3.3 Products
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 Swot Analysis
10.4 SAMSON AG
10.4.1 Company Overview
10.4.2 Financials
10.4.3 Products
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 Swot Analysis
10.5 Rotork plc
10.5.1 Company Overview
10.5.2 Financials
10.5.3 Products
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 Swot Analysis
10.6 Cameron, A Schlumberger Company
10.6.1 Company Overview
10.6.2 Financials
10.6.3 Products
10.6.4 Strategy
10.6.5 Key Developments
10.7 Eaton Corporation plc
10.7.1 Company Overview
10.7.2 Financials
10.7.3 Products
10.7.4 Strategy
10.7.5 Key Developments
10.8 Festo AG & Co. KG
10.8.1 Company Overview
10.8.2 Financials
10.8.3 Products
10.8.4 Strategy
10.8.5 Key Developments
10.9 KITZ Corporation
10.9.1 Company Overview
10.9.2 Financials
10.9.3 Products
10.9.4 Strategy
10.9.5 Key Developments
10.1 SMC Corporation
10.10.1 Company Overview
10.10.2 Financials
10.10.3 Products
10.10.4 Strategy
10.10.5 Key Developments
