Global Actuator Market Size & Forecast Report to 2020: Radiant Insights, Inc
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- Date Submitted: 05/12/2016 12:32 AM
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Global Actuator Market Share Report 2016-2020 By Radiant Insights
Market outlook of actuators market
Technavios market research analyst predicts the global actuator market to post a CAGR of approximately 4% from 2016 to 2020. Increased investments in automation projects will further fuel the demand for actuators during this period. Oil and gas industries, as well as the water and wastewater industries, will majorly influence the demand for actuators until 2020.
This market research report emphasizes on the growing popularity of electric actuators. The major reason behind the rapid growth of this segment lies in its operational efficiency as well as overall cost benefits it offers. Analysts anticipate the oil and gas industry in the Middle East and Africa to emerge as one of the most important end-users of actuators, thereby surging a huge demand in the near future.
Browse Complete Summary Click Here @ http://www.radiantinsights.com/research/global-actuator-market-2016-2020
Product segmentation and analysis of the actuator market
Pneumatic actuator
Hydraulic actuator
Electric actuator
Compared to the other types, the electric actuator market is likely to see a high growth rate between 2015 and 2020. According to the global research report, the ever-growing need to improve productivity, increase efficiency, and minimize downtime for the control of valves in industrial facilities has largely contributed to the growth of this segment. The forecast also predicts the introduction of many innovative offerings with lifetime service support by the leading vendors in this market. This market is predicted to grow rapidly and gain more market share by the end of 2020.
Geographical segmentation and analysis of the actuator market
North America
APAC
Europe
ROW
North America accounted for the largest share of this market in 2015. The extensive presence of a large number of automated plants and facilities in this region drives the market. This regional...
Market outlook of actuators market
Technavios market research analyst predicts the global actuator market to post a CAGR of approximately 4% from 2016 to 2020. Increased investments in automation projects will further fuel the demand for actuators during this period. Oil and gas industries, as well as the water and wastewater industries, will majorly influence the demand for actuators until 2020.
This market research report emphasizes on the growing popularity of electric actuators. The major reason behind the rapid growth of this segment lies in its operational efficiency as well as overall cost benefits it offers. Analysts anticipate the oil and gas industry in the Middle East and Africa to emerge as one of the most important end-users of actuators, thereby surging a huge demand in the near future.
Browse Complete Summary Click Here @ http://www.radiantinsights.com/research/global-actuator-market-2016-2020
Product segmentation and analysis of the actuator market
Pneumatic actuator
Hydraulic actuator
Electric actuator
Compared to the other types, the electric actuator market is likely to see a high growth rate between 2015 and 2020. According to the global research report, the ever-growing need to improve productivity, increase efficiency, and minimize downtime for the control of valves in industrial facilities has largely contributed to the growth of this segment. The forecast also predicts the introduction of many innovative offerings with lifetime service support by the leading vendors in this market. This market is predicted to grow rapidly and gain more market share by the end of 2020.
Geographical segmentation and analysis of the actuator market
North America
APAC
Europe
ROW
North America accounted for the largest share of this market in 2015. The extensive presence of a large number of automated plants and facilities in this region drives the market. This regional...