Actuators Market Research Analysis and Competitive Analysis 2020 to 2025 With Impact of Covid-19 Market Research Engine has published a new report titled as “Actuators Market Size by Product (Linear Actuators and Rotary Actuators), By Type (Electric, Pneumatic, Hydraulic, Mechanical, Others), By End Use Industry (Oil and Gas, Power Generation, Chemicals, Food and Beverages, Metals and Mining, Automotive, Aerospace and Defense and Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.” The Actuators Market is expected to be around US$ 86.6 Billion by 2027 at a CAGR of 8% in the given forecast period. Browse Full Report: https://www.marketresearchengine.com/actuators-market Rapid industrialization is one of the significant factors propelling the growth of the market. Moreover, technological advancements in the automotive industry, such as the emergence of Advanced Driver Assistance Systems (ADAS) have exceptionally enhanced the usage of actuators. The growing trend of automation across several industries is another key growthinducing factor. The integration of the Internet of Things (IoT) has facilitated automation of actuators for improved productivity and decreased downtime in the industrial and manufacturing units. They offer high accuracy and control, coupled with minimized noise creation and fuel leakages. Furthermore, a rising number of aircraft carriers are being enabled with actuators on each wing to maintain efficient flight at low airspeeds, thereby propelling the product demand. The global Actuators market is segregated on the basis of Product as Linear Actuators and Rotary Actuators. Based on Type the global Actuators market is segmented in Electric, Pneumatic, Hydraulic, Mechanical, Others. Based on End Use Industry the global Actuators market is segmented in Oil and Gas, Power Generation, Chemicals, Food and Beverages, Metals and Mining, Automotive, Aerospace and Defense and Others. The global Actuators market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Actuators market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others. Competitive Rivalry Rockwell Automation, Moog Inc., Emersion Electric, ABB, SMC Corporation, IMI PLC, Flowserve, Altra Industrial Motion, Cedrat Technologies, DVG Automation, Festo, MISUMI Group Inc., Harmonic Drive LLC, Kinitics Automation, Venture Mfg. Co, and others are among the major players in the global Actuators market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
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