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New York, November 3, 2021/PRNewswire/ - Between 2020 and 2025, the global hydraulic actuator market will grow by USD 426.6 million, accelerating growth at a compound annual growth rate of nearly 4% during the forecast period. The market is segmented by end users (oil and gas industry, power generation industry, metals and mining industry, chemical and petrochemical industries, etc.) and geographic region (Asia Pacific, Europe, North America, MEA, and South America). The report details the supplier's performance in terms of revenue generation, market position, product launches, and customer base.
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The key points of hydraulic actuator market research
Hydraulic actuator market: growth momentum and limiting factors The hydraulic actuator market is driven by the size advantages of hydraulic actuators. Compared with pneumatic systems, hydraulic cylinders and actuators can withstand higher pressures and are much smaller. They are also more precise than pneumatics, which makes them ideal for applications requiring high precision. In addition, the weight and space-saving advantages of hydraulic cylinders and actuators and higher working pressures are increasing their use in offshore installations and upstream applications. Many of these benefits are driving the growth of the global hydraulic actuator market.
"Although the increase in replacement activities and advances in actuator systems will further drive market growth, high installation and maintenance costs may reduce growth opportunities for market participants," said an analyst at Technavio.
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Global hydraulic cylinder market-The global hydraulic cylinder market is segmented by end users (CMMH, agriculture, aerospace and defense, and industrial equipment) and geographic locations (Asia Pacific, North America, Europe, MEA, and South America). Download an exclusive free sample report
The global hydraulic equipment market-the global hydraulic equipment market by components (pumps and motors, valves, cylinders, accumulators and filters, etc.), application (mobile and industrial) and geography (Asia Pacific, North America, Europe, MEA and South America) . Download an exclusive free sample report
Accelerate at a compound annual growth rate of nearly 4%
Asia Pacific, Europe, North America, MEA and South America
U.S., China, Germany, Japan, and U.K.
Leading company, competitive strategy, scope of consumer participation
Curtiss-Wright Corp., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., ITT Controls BV, KYB Corp., Moog Inc., Parker Hannifin Corp., Robert Bosch GmbH, and Schlumberger Ltd.
Mother market analysis, market growth incentives and obstacles, fast-growing and slow-growing market segments, COVID-19 impact and future consumer dynamics, and market conditions during the forecast period.
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