Hydraulic Actuator Market Growth Driving Factors, Business Opportunities, and Forecast Report, 2023
The hydraulic actuator market is anticipated to grow at a significant CAGR of 4.6% in the upcoming period. Growing demand from utility, manufacturing, mining, & power generation sectors, increasing construction, manufacturing and mining activities are likely to contribute greatly to the market growth.
Hydraulic Actuator Market(firmenpresse) - Global hydraulic actuator market is anticipated to witness an exponential growth in the forecast period. Hydraulic actuator, also called as “Pneumatic Cylinder” and “Hydraulic Cylinder”, is an integral component of a hydraulic system. The factors that propel the growth of the market include increasing demand, rapid industrialization, technological innovations, and growing applications. Moreover, growing demand from utility, manufacturing, mining, and power generation sectors, and increasing construction, manufacturing and mining activities are likely to contribute greatly to the market growth.
On the other hand, there are factors that may hamper the growth of the market including high cost of maintenance and installation, loss of fluid, and requirement of several accessories such as heat exchangers, motors, release valve, and noise reduction equipment. The market is anticipated to grow at a significant CAGR of 4.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by function, specification, application, bore size, industry, and geography. Market may be explored by function as Double Acting and Single Acting. The “Double-acting hydraulic cylinders” segment led the hydraulic actuator market in 2017 and will continue to lead in the forecast period.
Based on specification, the market could span Mill Type, Welded, Tie Rod, and Telescopic. The “Welded hydraulic” segment led the hydraulic actuator market in 2017 and will continue to lead in the forecast period. The key applications that could be explored in the hydraulic actuator market include Mobile Equipment and Industrial Equipment. The “Mobile Equipment” segment led the hydraulic actuator market in 2017 and will continue to lead in the forecast period. The key factor that could be attributed to the growth of market includes increasing need for the use of hydraulic power at hard-to-reach and remote places.
The market could be explored based on Bore size as 50–150 mm, >150 mm and
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Datum: 20.02.2020 - 10:19 Uhr
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