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Global Actuators Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Actuators Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Actuators Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 26 Jun 2020
  • Report ID: ICT&S 0034
  • Pages:220
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

According to a study published by Insure Insights, the global actuators market is estimated to grow at a CAGR of 9.1% during the forecast period. An actuator is a device that initiates a movement in a system and also converts one form of energy into mechanical energy. It converts a control signal into a mechanic action like an electric motor. These devices may be thermal, electric, hydraulic, pneumatic, and others but are mostly propelled by some software. Actuators typically have two types of motion that are linear and rotary. The linear actuators are accountable for changing the energy into straight-line motions and mostly have a pull and push function. Rotary actuators convert the energy for providing a rotary motion.

Top Driver: Rpaid Urbanization and Extended Application

The significant factors that are driving the actuators market are industrialization and urbanization. There is a considerable investment made in the infrastructure and renewal of the plants, which is positively impacting the growth of the actuators market. Other factors such as automation of the manufacturing plants, technological developments, increasing population, and natural resources extraction from difficult locations are likely to drive the market in the coming years. Many industries are shifting focus on automating the operations for greater efficiency, increased accuracy, and improved production safety. In recent years, there was a surge in demand for remote monitoring, fueling the actuators market growth.

Moreover, extended applications in various sectors such as oil and gas, aerospace and defense, automotive, mining, and marine are likely to stimulate the market. On the other hand, the competitive standards of pricing and the ability of the suppliers to meet the requirements of the consumer is estimated to hamper the market.

Linear Actuators Segment is Estimated to Witness Significant Growth During the Forecast Period

The global actuators market is segmented into linear and rotary based on the type. A linear actuator is expected to witness a significant growth rate during the forecast period due to its easy installation, cost-effectiveness, less space requirement, and highly reliable. Other advantages such as higher design efficiency, shorter production time, and supreme quality are resulting in increased adoption in several sectors such as transportation, production machinery, manufacturing, and others. On the basis of actuation, the market is segmented into pneumatic, hydraulic, electrical, and others. On the basis of application, industrial automation, robotics, and vehicles & equipment.

Rising Investment and Technological Advancements to Benefit Asia Pacific Market

Asia-Pacific is expected to grow at the highest compound annual growth rate during the forecast period owing to rising expenditure for implementing automation by several emerging countries such as China, Japan, coupled with the evolution of technologically advanced actuators leading to an escalation in the adoption of these devices in several sectors. The presence of industrial robot manufacturers in the region and surging demand for industrial robots is fueling the demand for actuators in this region.

Players to Focus on Expanding Applications in Complex Computing, Healthcare, Finance

The major market players operating in the global actuators market include Moog, Curtiss Wright, Rockwell Automation, SMC, IMI PLC, ABB, Tolomatic, Altra Industrial Motion, IAI, Venture Mfg. Co., SKF, Kollmorgen, Nook Industries Inc., Harmonic Drive LLC, and Misumi Group Inc., among others.

Rockwell Automation: – In 2018, Rockwell automation received a contract from Codelco, a well-known producer of copper in the world. The contract was aimed at providing various necessary systems for Chuquicamata underground mine. It included the change of a century-old open-pit mine into a technologically advanced super cave mine needed to extend the mine’s lifecycle by a minimum of 40 years. The contract also included configuration, supply, engineering, and assembly of four systems, which encompasses mines’ control system.

ABB: – In 2019, ABB introduced its new i-bus Combi Switch Actuators to fulfill the surging demand for such solutions due to increasing the market of smart homes. These actuators are equipped with selectable shading and switching functions in a device.

Scope of the Report

By Actuation

  • Pneumatic
  • Hydraulic
  • Electrical
  • Others

By Type

  • Linear Actuators
  • Rotary Actuators

By Application

  • Industrial Automation
  • Vehicles & Equipment
  • Robotics

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Smart Greenhouse Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Smart Greenhouse Market -Industry Snapshots

6.1             Overview

6.1.1          Global Smart Greenhouse Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Smart Greenhouse Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Smart Greenhouse Market- By Type

7.2.1          Smart Greenhouse Market- Hydroponics

7.2.2          Smart Greenhouse Market- Non-hydroponics

Chapter 8           Global Smart Greenhouse Market Analysis, by Component

8.1             Overview

8.2             Key Findings for Smart Greenhouse Market- By Component

8.2.1          Smart Greenhouse Market- HVAC Systems

8.2.2          Smart Greenhouse Market- LED Grow Lights

8.2.3          Smart Greenhouse Market- Control Systems & Sensors

Chapter 9           Global Smart Greenhouse Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Smart Greenhouse Market- By End User

9.2.1          Smart Greenhouse Market- Retail Gardens

9.2.2          Smart Greenhouse Market- Commercial Growers

9.2.3          Smart Greenhouse Market- Research & Educational Institutes

9.2.4          Smart Greenhouse Market- Others

Chapter 10       Smart Greenhouse Market Analysis by Region

10.1           Key Findings for Smart Greenhouse Market- By region

10.2           Overview

10.2.1       Global Smart Greenhouse Market Analysis, By Type, 2019 – 2028

10.2.2       Global Smart Greenhouse Market Analysis, By Component, 2019 – 2028

10.2.3       Global Smart Greenhouse Market Analysis, By End User, 2019 – 2028

10.3           Smart Greenhouse Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Component

10.3.7       North America Market, By End User

10.4           Smart Greenhouse Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Component

10.4.9       Europe market by, End User

10.5           Smart Greenhouse Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Component

10.5.8       Asia Pacific Market, By End User

10.6           Smart Greenhouse Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Component

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Nexus Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Argus Control Systems Limited

12.3           Certhon

12.4           Rough Brothers, Inc.

12.5           GreenTech Agro LLC

12.6           Netafim

12.7           Sensaphone

12.8           Cultivar Ltd.

12.9           Heliospectra AB

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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