Market Overview

Hydraulic Actuators Market - Drivers and Forecasts by Technavio

Share:

Technavio
analysts forecast the global hydraulic actuators market to grow
at a CAGR of over 3% during the forecast period, according to their
latest report.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171012006281/en/

Technavio has published a new report on the global hydraulic actuators market from 2017-2021. (Graph ...

Technavio has published a new report on the global hydraulic actuators market from 2017-2021. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of
the global hydraulic
actuators
market for 2017-2021. Technavio presents a
detailed picture of the market by way of study, synthesis, and summation
of data from multiple sources.

The market for hydraulic actuators has a direct impact on developments
based on the production and deployment of valves in the machinery and
other flow equipment. The need for extreme operations, where the fluid
flow is high, is providing the demand for hydraulic actuators in the
end-user industries. The hydraulic actuators market is expected to have
a growing market size, and it is likely to happen from growing markets
in Asia, the Middle East, and Latin America, which offer an incredible
potential for the growth of mobile and industrial machinery, pipelines,
and other piping systems.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Technavio analysts highlight the following three factors that are
contributing to the growth of the global hydraulic actuators market:

  • Low cost of hydraulic actuators when compared with electrical actuators
  • Increase in replacement activities
  • Integration with common communication protocols

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Low cost of hydraulic actuators when compared with electrical
actuators

The market for hydraulic actuators is highly driven by linear hydraulic
actuators, and it is due to the market growth in the developing
countries where the cost of products has been lowered. The cost
reduction has led to a higher adoption of hydraulic actuators among the
end-user industries. The growth in fluid automation is one of the major
driving factors for the use of hydraulic actuators. The cost of linear
hydraulic actuators has been reduced along with the development of
multifunctional features.

Raghav Bharadwaj Shivaswamy, a lead automation
research analyst at Technavio, says, "The increase in the deployment
of hydraulic actuators in hydraulic and integrated hydraulic systems
plays a key role in the market and is widely used in the end-user
industries. The cost of hydraulic actuators in APAC is lesser when
compared with that in the developed countries in Europe and North
America."

Increase in replacement activities

Hydraulic
actuators
are implemented in industrial machines for process control
applications. They are used where high speed, heavy force, and high load
is required. The hydraulic pressure is transmitted safely by regulating
the process. The hydraulic actuators help to reduce the vibration and
shocks of industrial valves and engines and enhance the service life of
the machine. It is designed to safely and efficiently direct or control
the flow of fluid in various industrial applications.

"Most of the end-user industries do not follow proper maintenance
procedures, thereby leading to the corrosive formation. Industrial
applications require hydraulic actuators that are robust with heavy-duty
design, long service life, high-torque and high-speed operation, and of
the latest technology, which can be deployed in new machines, pipelines,
and piping systems. The old hydraulic actuators are replaced by updated
technology products that ensure smooth fluid flow and enhance the
overall productivity,"
adds Raghav.

Integration with common communication protocols

The fluid-power systems are growing to be more interconnected in the
ever-expanding IoT and IIoT, which makes it technically advanced over
the traditional operations. The growth in the communication protocols
and sensors have made fluid-power systems grow in the end-user
industries. The integration of hydraulic systems and actuators by
control systems with efficient communication protocols like Ethernet,
CANbus, HART, and others increases the trend to deploy the latest
hydraulic actuators.

The increase in the purchase of integrated systems and the need for
automation solutions among the hydraulic systems in the oil and gas,
metals and mining, and marine industries have driven the market for
hydraulic actuators. The network compatibility that is enhancing the
operational efficiency and integrating hydraulics into Industry 4.0 has
developed the fluid process by connecting hydraulic actuators to digital
control electronics.

Top vendors:

  • Emerson
  • Flowserve
  • PARKER HANNIFIN
  • Schamberger
  • Siemens

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!
 

Partner Center

Loading...