Hydraulic Actuators Market
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<strong>Hydraulic</strong> <strong>Actuators</strong><br />
<strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2013-2020
Introduction<br />
• <strong>Hydraulic</strong> Actuator <strong>Market</strong> is expected to garner $2.4 billion by 2022,<br />
registering a CAGR of 3.6% during the forecast period 2016 – 2022<br />
• Increasing usage of hydraulic systems in mining, construction, and<br />
agricultural equipment has supplemented the overall market growth<br />
• Rotary actuators are expected to be the faster growing product category<br />
during the forecast period<br />
• Growth in the region would be supplemented by increasing construction and<br />
manufacturing activities and rising demand from developing countries<br />
including China and India<br />
• Asia-Pacific leads the hydraulic actuator market, followed by North America
Key Factors of the <strong>Market</strong><br />
• <strong>Hydraulic</strong> <strong>Actuators</strong> <strong>Market</strong> is expected to garner $2.4 billion by 2022,<br />
registering a CAGR of 3.6% during the forecast period 2016 – 2022<br />
• <strong>Hydraulic</strong> systems are used in various mobile and industrial applications in<br />
order to perform a wide variety of tasks<br />
• Increasing usage of hydraulic systems in mining, construction, and<br />
agricultural equipment has supplemented the overall market growth<br />
• Moreover, the integration of hydraulics with electronics has expanded the<br />
usage of hydraulic cylinders in applications areas such as renewable energy
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Key Benefits of the <strong>Market</strong><br />
• In the year 2014, Asia-Pacific was the highest revenue-generating region,<br />
followed by North America<br />
• Growth in LAMEA is expected to be supplemented by the increasing<br />
usage of hydraulic actuators in construction, mining and oil extraction<br />
activities<br />
• Linear actuators would continue to be the major revenue generating<br />
segment throughout the forecast period<br />
• In terms of market by application, mobile equipment was the major<br />
revenue-generating application segment in 2014
<strong>Market</strong> Segmentation<br />
BY PRODUCT TYPE<br />
• Linear actuator<br />
• Rotary actuator<br />
BY GEOGRAPHY<br />
• North America<br />
• Europe<br />
• Asia-Pacific<br />
• LAMEA<br />
BY APPLICATION<br />
• Mobile Equipment<br />
• Construction<br />
• Oil & gas<br />
• Metal & mining<br />
• Agriculture<br />
• Others<br />
• Industrial<br />
• Aviation and others
Key Players of the <strong>Market</strong><br />
• Flowserve Corporation<br />
• Emerson Electric Co.<br />
• Cameron International Corporation<br />
• Rotork Plc<br />
• Parker Hannifin Corporation<br />
• Eaton Corporation<br />
• Pentair Plc.<br />
• Bosch Rexroth S.A<br />
• Wipro Infrastructure Engineering<br />
• SMC Corporation<br />
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