Actuators Market Overview, Cost Structure Analysis, Growth Opportunities and Forecast to 2022

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Actuators Market Overview, Cost Structure
Analysis, Growth Opportunities and Forecast to
2022 Exclusive Report by MarketsandMarkets
The Actuators Market Report provides an analysis
of the market from 2017 to 2022. It discusses
industry and technology trends currently
prevailing in the market, along with drivers,
challenges, and opportunities. The actuators
market is projected to grow from an estimated USD
38.80 Billion in 2017 to USD 49.28 Billion by
2022, at a CAGR of 4.90 from 2017 to 2022. The
major factor expected to act as a major driver is
the increased investment in process automation
across end-use verticals. This, in turn, is
expected to drive the growth of the actuators
market during the forecast period from 2017 to
2022. The actuators market has been segmented
based on type, system, application, and region.
Browse 148 tables and 43 figures spread through
173 pages and in- depth TOC on "Actuators Market
- Global Forecast to 2022" https//www.marketsand
markets.com/Market-Reports/global-actuators-
market-59465451.html. Based on application, the
automotive end use application segment is
projected to lead the actuators market during the
forecast period Based on application, the
automotive end use application segment is
expected to lead the actuators market during the
forecast period. This growth is attributed to
countries, such as Japan, South Korea, and China
which have the presence of some of the key
players in the automotive
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industry. Companies such as Toyota, Honda,
Nissan, and Hyundai hold major market shares in
the automotive market. Thus, the demand for
automotive components is high in the region, and
this is expected to drive the automotive
actuators market during the forecast
period. Based on system, the electrical segment
of the actuators market is projected to witness
the highest growth during the forecast
period Based on system, the electrical segment of
the actuators market is projected to witness the
highest growth during the forecast period.
Electrical actuation systems are also
environment-friendly and safer to use than
hydraulic actuators, which consist of hydraulic
fluids that can damage the skin and cause
poisoning or infection due to the high
temperature.Therefore, the demand for electrical
actuation has been increasing and is a major
driver for the actuators market. The Asia
Pacific region is expected to lead the actuators
market during the forecast period from 2017 to
2022 The Asia Pacific region is expected to lead
the actuators market during the forecast period.
The growth of the Asia Pacific actuators market
can be attributed to rapid industrialization in
India and China, which has contributed
significantly to the growth of these economies.
Due to the easily available skilled labor and
low cost of establishing new manufacturing
plants, companies across various industries are
expected to set up their manufacturing
facilities in this region. Know what Impacts Your
Revenues with Exclusive, In- Depth Market
Intelligence. Download PDF _at_ https//www.marketsan
dmarkets.com/pdfdownloadNew.asp?id59 465451 The
actuators market has been studied for North
America, Europe, Asia Pacific, Middle East, and
Rest of the World (RoW). The Asia Pacific region
is estimated to lead the actuators market in
2017, and the region is expected to be a driver
of the global Internet of Things (IoT) in the
coming years. IoT has been a focus area in
emerging economies, such as India and China. The
Indian government, for instance, has been
pursuing its Digital India initiative with a
massive push towards IoT. This includes the
establishment of smart cities and IoT-specific
centers of excellence. The significant
investments incurred in the development of
different types of actuators is a major factor
restraining the growth of the actuators market
across the globe. Significant investments are
required at different stages of the value
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chain of the actuator industry (especially in
RD, manufacturing, system integration, and
assembly stages). Products offered by various
companies operating in the actuators market have
been listed in the report. The recent
developments section of the report provides
information on the strategies adopted by various
companies between June 2013 and August 2017 to
strengthen their positions in the actuators
market. Major players in the actuators market
include Emerson (US), Rotork (UK), Pentair (US),
and Honeywell (US), among others. These companies
have significant geographic reach and
distribution channels. Dont miss out on business
opportunities in Actuator Market. Speak to our
analyst and gain crucial industry insights that
will help your business grow. About
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