Industrial Actuators Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024
Category: #business  By Partha Ray  Date: 2020-07-07
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Industrial Actuators Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024

According to the research report titled ‘Global Industrial Actuators Market: Analysis By System, By Motion Type, End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region, By Country, available with Market Study Report LLC, global industrial actuators market is expected to grow substantially by the year 2024.

Growing demand for automation solutions in tandem with swift industrialization in developing economies are driving the industrial actuators market growth. Rapid expansion of industrial base and technological advancements are further aiding the market expansion.

Surging investments in manufacturing processes, which includes expansions, modifications, and modernization of existing production lines or facilities in emerging economies has also enhanced the demand for industrial actuators.

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The findings of the study claim that rapid urbanization and growing electricity demand will amplify the demand for industrial actuators across the globe in the approaching years. Moreover, increasing industrial activities and rising adoption of IIoT (Industrial Internet of Things) technology in manufacturing facilities is favoring the market scenario.

As per system type, global industrial actuators industry is split into pneumatic, hydraulic, mechanical, and electrical. In terms of motion type, the market is divided into rotary and linear. Citing the end-user landscape, the industry is bifurcated into water treatment, power, chemical, and oil & gas segments.

Regionally, worldwide industrial actuators market is classified into Middle East & Africa, Asia-Pacific, Europe, and Americas.

Rotork plc, Valvitalia Group, Pentair plc, Weir Group plc, KITZ Corp., KSB SE & Co. KGaA, Flowserve Corp, Eaton Corporation plc, Honey Well International Inc. and Emerson Electric Corp. among others.

Question & Answer: Industrial Actuators Market

Question 1: What factors are propelling the growth of industrial actuators market?

Answer: Growing demand for automation solutions in tandem with swift industrialization in developing economies are major factors driving the industrial actuators market growth.

Question 2: How will surging investments in manufacturing sector contribute towards the expansion of industrial actuators market?

Answer: Surging investments in manufacturing processes, which includes expansions, modifications, and modernization of existing production lines or facilities in emerging economies is also stimulating the industry outlook.

Question 3: Which companies define the competitive landscape of industrial actuators market?

Answer: Rotork plc, Valvitalia Group, Pentair plc, Weir Group plc, KITZ Corp., KSB SE & Co. KGaA, Flowserve Corp, Eaton Corporation plc, Honey Well International Inc., and Emerson Electric Corp. among others.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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