World Hydraulic Actuators Market Report 2016 – $2.4 Billion Opportunities and Forecasts 2014-2022 – Research and Markets
July 11, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “World Hydraulic Actuators Market – Opportunities and Forecasts, 2014 – 2022” report to their offering.
“World Hydraulic Actuators Market”, the global hydraulic actuator market is expected to garner revenue of $2.4 billion by 2022, growing at a CAGR of 3.6% during 2016-2022.
Asia-Pacific leads the hydraulic actuator market, followed by followed by North America. Growth in the region would be supplemented by increasing construction and manufacturing activities and rising demand from developing countries including China and India.
Linear actuators dominated the market in 2014, accounting for around 66% of the overall market revenue, owing to their low cost and higher usage in manufacturing industry, power generation, utility sector and other such application areas. Rotary actuators are expected to be the faster growing product category during the forecast period on account of their higher efficiency, reliability and increasing usage in mobile equipment.
The application segment comprises mobile equipment, industrial, and aviation & others. In 2014, mobile equipment segment occupied a prominent share of the overall market revenue, followed by industrial segment. Moreover, the segment is anticipated to grow at the fastest CAGR of 3.9% during the forecast period, owing to increasing demand for construction, mining and agriculture equipment across the globe. The industrial segment is anticipated to grow at a notable pace due to increasing usage of hydraulic actuators in manufacturing equipment.
From a growth perspective, Asia-Pacific is anticipated to witness the fastest CAGR of around 5% during the forecast period, on account of increasing demand from countries such as China, India, Australia and others. LAMEA is estimated to grow at a CAGR of 3.7% during 2016 2022, due to increasing usage of hydraulic actuators in mining, oil exploration and construction activities in the region.
Key Topics Covered:
Chapter: 1 Introduction
Chapter: 2 Executive Summary
Chapter: 3 Market Overview
Chapter: 4 World Hydraulic Actuators Market By Product Type
Chapter: 5 World Hydraulic Actuators Market By Application
Chapter: 6 World Hydraulic Actuators Market By Geography
Chapter: 7 Company Profiles
– Bosch Rexroth S.A
– Cameron International Corporation
– Eaton Corporation
– Emerson Electric Co.
– Flowserve Corporation
– Parker Hannifin Corporation
– Pentair Plc.
– Rotork Plc.
– SMC Corporation
– Wipro Infrastructure Engineering
For more information visit http://www.researchandmarkets.com/research/qj5r88/_world_hydraulic
View source version on businesswire.com: http://www.businesswire.com/news/home/20160711005770/en/
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