Hydraulic Actuator Market
Hydraulic Actuator Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Nov - 2021
VMR-2021-0311
Segments Covered
By
Type Linear actuators, Rotary actuators
-
By
Application Oil and gas, Construction, Metals and mining, Aviation, Agricultural equipment, Others (automotive, earthmoving, and material handling)
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.4 Billion |
 Revenue 2028:
|
3.3 Billion |
 Revenue CAGR
(2021 - 2028): |
3.9 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type
Analysis: Preview On the basis of Type,
the market is segmented into Linear actuators, Rotary actuators. Performance tailored tougheners Coupling held the highest
share in the global Hydraulic Actuator
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Application
Analysis: Preview
Based on Application,
the market is segmented into Oil and gas, Construction, Metals and mining, Aviation, Agricultural equipment, Others (automotive, earthmoving, and material handling). Chemical Industry accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Hydraulic Actuator Market: Type Segment Analysis
-
- Linear actuators
- Rotary actuators
Global Hydraulic Actuator Market: Application Segment Analysis
-
- Oil and gas
- Construction
- Metals and mining
- Aviation
- Agricultural equipment
- Others (automotive
- earthmoving
- and material handling)
FAQ
Frequently Asked Question
What is the global demand for Hydraulic Actuator in terms of revenue?
-
The global Hydraulic Actuator valued at 2.4 Billion in 2020 and is expected to reach 3.3 Billion in 2028 growing at a CAGR of 3.9%.
Which are the prominent players in the market?
-
The prominent players in the market are Flowserve, Rotork, Pentair, Parker Hannifin, GE Energy, Wipro Infrastructure, Eaton, Cameron, Emerson Electric, Bosch Rexroth..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.9% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Hydraulic Actuator include
- Increasing fluid automation in various industry verticals and continous manufacturing is driving factor for Hydraulic Actuator Market.
- Facilitate mechanical operation with an efficient ouctcome and productivity is dring the Hydraulic Actuator Market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Hydraulic Actuator in 2020.
