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Actuators Market Worth 47.72 Billion USD by 2021


News provided by

MarketsandMarkets

06 Jun, 2016, 11:30 GMT

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PUNE, India, June 6, 2016 /PRNewswire/ --

The report "Actuators Market by Type (Pneumatic, Hydraulic, Electric, Mechanical), Industry Application (Oil & Gas, Power, Chemical, Water & Waste Water, Iron & Steel, Pulp & Paper, Mining, Food & Beverage, Others), End-Use (Aerospace, Automotive, Defense, Marine), Region (North America, Asia-Pacific, Europe, Middle East, Row) - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to grow from USD 36.63 Billion in 2016 to USD 47.72 Billion by 2021, at a CAGR of 5.43% by 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 80 market data Tables with 62 Figures spread through 192 Pages and in-depth TOC on " Actuators Market"

http://www.marketsandmarkets.com/Market-Reports/global-actuators-market-59465451.html
Early buyers will receive 10% customization On this report.

This can be attributed mainly to the increasing installation of automated systems in the automotive industry in emerging markets, along with increasing need to reduce power consumption in aircraft whose number has increased due to the rise in air traffic. Therefore, the demand for cost effective and high performance actuators systems is driving the growth of the actuators market globally.

Oil and Gas application segment to dominate the actuators market 

Rise in oil and gas explorations across the globe has propelled the demand for efficient automotive oil exploration vehicles, which require high performance actuators systems for operation. This segment is projected to dominate the market during the forecast period.

Automotive end user segment is projected to grow at the highest CAGR during the forecast period 

Under the end user segment, the automotive is projected to grow at a comparatively higher CAGR during the forecast period. This growth can be attributed to the rise in demand for automotive vehicles in emerging markets such as India and China. Increase in the size of middle class income group is the main driver for the growth of the automotive market, which again is driving the actuators market as it is an essential component used in vehicles.

Asia-Pacific is estimated to grow at the highest CAGR in the actuators market between 2016 and 2021  

The Asia-Pacific region is projected to grow at a higher CAGR in the Actuators Market due to the emergence of rising automotive vehicles demand in the region. Increase in the middle class income group in the region is driving the automotive market demand giving rise to the need for high performance actuators systems in vehicles.

Inquiry Before Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=59465451

Top players in the actuators market  

Key players operating in the actuators market are Rotork Plc (U.K.), Festo AG & Co. KG (Germany), Pentair Plc (U.K.), Honeywell International Inc. (U.S.), Emerson Electric (U.S.), and Cameron International Corporation (U.S.).

Browse Related Reports 

Non Destructive Testing (NDT) Market by Method (UT, RT, LPT, MPT, ECT, VI), End-User (Aerospace & Defense, Power Generation, Infrastructure, Oil & Gas, Automotive), Technique, Application & Region (G7, BRICS, RoW) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/nondestructive-testing-market-257342201.html

Aircraft Seat Actuation Systems Market by Seat Type (First Class, Business Class, Premium Economy Class, Economy Class), Actuator Type (Electro-mechanical, Others), Mechanism Type (Linear, Rotary), Fit (Line fit, Retrofit) & Geography - Forecast & Analysis to 2015-2020
http://www.marketsandmarkets.com/Market-Reports/aircraft-seat-actuator-market-43853437.html

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
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