Global Actuators Market: Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, New York (PRWEB) August 20, 2014
The mining industry has seen a dramatic change in the use of new sophisticated technologies that has enlarged the scope of mining activities from the onshore locations to the ultra-deep seabed. The mining activities require the use of motors that can be used to control the movements of heavy machinery used in the mining industry. An actuator is a device that is used to produce the mechanical movements by converting the energy from a source into mechanical movements. The sources of energy include the pneumatic pressure, hydraulic fluid pressure or the electric current. The advancements in the mining technology, coupled with the wide number of actuators-based applications, can have direct implications on the global actuator market. However, the scope of actuators is not limited to the mining industry, but can be used in a number of applications in other industries as well, such as defense, health care, and automobiles.
The global actuator market can be classified on the basis of source of energy, applications, and the location of major mining areas where actuators are used. Actuators are classified based on the type such as hydraulic, pneumatic, electric, and mechanical. Hydraulic actuator comprises of a fluid motor and cylinder that can be used to convert the hydraulic power into mechanical operations. Pneumatic actuators transform energy generated by compressed air or vacuum at high pressure into either rotary or linear motion. Pneumatic energy is advantageous for major engine controls as it can rapidly respond in starting and stopping of the power sources. They permit large forces to be produced from relatively small pressure changes. An electric actuator is powered by a motor that transforms electrical energy to mechanical torque. The electrical energy is utilized to actuate equipment such as multi-turn valves. It is one of the cleanest and most readily available forms of actuator as oil is not involved. Mechanical actuator functions by converting rotary motion into linear motion to execute the movement. It comprises of pulleys, rails, chains, gears, and various other devices for operation. The actuators can be used in a wide number of applications where the use of heavy machinery is required. Presently, the actuators are used in various industries such as healthcare, automobile, mining, industrial, aerospace, and defense.
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The regional segmentation of the global actuator markets can be done by identifying the countries that are leading in the use of actuators for above mentioned applications. The major countries include the United States and Canada in North America; Germany, France, Ukraine. and the United Kingdom in Europe; Japan, China, India, Australia, Russia. and South Korea in Asia Pacific. The RoW (Rest of World) region for the actuator market consists of countries from Brazil and South Africa.
The rapid industrialization, wide number of applications employing the use of actuators. and the advancement in technologies are the major drivers for the global actuators market. However, high operational cost in the manufacturing of actuators can hamper the growth of the market. Ample opportunities are expected for actuators market as a large number of associated industries is coming up in the future.
Some of the key players in the actuator business are: Rotork Plc, Elger Controls India Private Ltd, Auma Riester GmbH & Co, Cair Euromatic Automation Pvt Ltd, Timotion Technology Co. Ltd, Motion Systems Corp, Indelac Controls Inc, Harmonic Drive LLC, Top Line Process Equipment Co., and Micromatic LLC.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of current trends in the market, industry growth drivers, and restraints; it provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis, and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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