DUBLIN, March 25, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7q7lg4/global_actuators) has announced the addition of the "Global Actuators Market by Application & by Geography- Forecast Analysis (2014-2019)" report to their offering.
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The global actuators market is estimated to be $37.38 billion in 2014, and it is expected to grow at a CAGR 8.00% to reach $59.32 billion by 2019. The key market drivers identified for such growth are raising industrialization in developing countries, increase in the demand for vehicles, metals, minerals, processed goods, and technology advancement. The actuators market is in the growing stage; there by, demanding attention for up gradation and renovation of the products.
Industrial sector holds the largest market share of the actuators market. Region wise, U.S. and APAC hold a major market share of the actuators market. The key players in actuators market are Rotork, SMS, Fiesto, Honeywell, Emerson, Parker Hannifin, etc. mainly from U.S and U.K. India, China and Africa are enlisted as new growth markets for actuators in near future.
The biggest challenge for the actuators market is to accommodate consumers' demand and production, and also competitive pricing standards between manufacturers. There are enormous opportunities in the actuators market. Industrialization is the main factor which provides maximum opportunities in this sector. Modernization and up gradation of machineries in the industry are the factors stimulating the growth of the actuator market.
Changes and advancements in the technology directly affect the efficiency and effectiveness of the product. A few technology advancements are:
- New linear electrical actuators with morphing composite are new in the market, which will offer a potential of improving the fidelity and scope of active earthquake testing.
- Latest technology in piezoelectric actuators offers number of advantages regarding precise control of medical device application. These actuators are more compact, required lower voltage, deliver higher torque, and generate less heat.
- In the automobile segment, electric actuation compared to pneumatic actuation offers faster and additional responsive control for diesel VNT turbo and gasoline turbo in both passenger and vehicle segments.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Market Dynamics
5 Market Share Analysis
6 Competitive Landscape
7 Company Profiles
- Curtiss Wright
- Rockwell Collins
For more information visit http://www.researchandmarkets.com/research/7q7lg4/global_actuators
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SOURCE Research and Markets