Hydraulic Actuators Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2013-2020
Introduction • Hydraulic Actuator Market is expected to garner $2.4 billion by 2022, registering a CAGR of 3.6% during the forecast period 2016 – 2022 • Increasing usage of hydraulic systems in mining, construction, and agricultural equipment has supplemented the overall market growth • Rotary actuators are expected to be the faster growing product category during the forecast period • Growth in the region would be supplemented by increasing construction and manufacturing activities and rising demand from developing countries including China and India • Asia-Pacific leads the hydraulic actuator market, followed by North America
Key Factors of the Market • Hydraulic Actuators Market is expected to garner $2.4 billion by 2022, registering a CAGR of 3.6% during the forecast period 2016 – 2022 • Hydraulic systems are used in various mobile and industrial applications in order to perform a wide variety of tasks • Increasing usage of hydraulic systems in mining, construction, and agricultural equipment has supplemented the overall market growth • Moreover, the integration of hydraulics with electronics has expanded the usage of hydraulic cylinders in applications areas such as renewable energy
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Key Benefits of the Market • In the year 2014, Asia-Pacific was the highest revenue-generating region, followed by North America • Growth in LAMEA is expected to be supplemented by the increasing usage of hydraulic actuators in construction, mining and oil extraction activities • Linear actuators would continue to be the major revenue generating segment throughout the forecast period • In terms of market by application, mobile equipment was the major revenue-generating application segment in 2014
Market Segmentation BY PRODUCT TYPE • Linear actuator • Rotary actuator
BY APPLICATION • Mobile Equipment • Construction • Oil & gas • Metal & mining • Agriculture • Others • Industrial • Aviation and others
BY GEOGRAPHY • North America • Europe • Asia-Pacific • LAMEA
Key Players of the Market • • • • • • • • • •
Flowserve Corporation Emerson Electric Co. Cameron International Corporation Rotork Plc Parker Hannifin Corporation Eaton Corporation Pentair Plc. Bosch Rexroth S.A Wipro Infrastructure Engineering SMC Corporation
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