The Actuators Market Report provides an analysis of the market from 2017 to 2022. It discusses industry and technology trends currently prevailing in the market, along with drivers, challenges, and opportunities. The actuators market is projected to grow from an estimated USD 38.80 Billion in 2017 to USD 49.28 Billion by 2022, at a CAGR of 4.90% from 2017 to 2022. The major factor expected to act as a major driver is the increased investment in process automation across end-use verticals. This, in turn, is expected to drive the growth of the actuators market during the forecast period from 2017 to 2022. The actuators market has been segmented based on type, system, application, and region.

Browse 148 tables and 43 figures spread through 173 pages and in-depth TOC on "Actuators Market - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/global-actuators-market-59465451.html.

Based on application, the automotive end use application segment is projected to lead the actuators market during the forecast period

Based on application, the automotive end use application segment is expected to lead the actuators market during the forecast period. This growth is attributed to countries, such as Japan, South Korea, and China which have the presence of some of the key players in the automotive industry. Companies such as Toyota, Honda, Nissan, and Hyundai hold major market shares in the automotive market. Thus, the demand for automotive components is high in the region, and this is expected to drive the automotive actuators market during the forecast period.

Based on system, the electrical segment of the actuators market is projected to witness the highest growth during the forecast period

Based on system, the electrical segment of the actuators market is projected to witness the highest growth during the forecast period. Electrical actuation systems are also environment-friendly and safer to use than hydraulic actuators, which consist of hydraulic fluids that can damage the skin and cause poisoning or infection due to the high temperature.Therefore, the demand for electrical actuation has been increasing and is a major driver for the actuators market.

The Asia Pacific region is expected to lead the actuators market during the forecast period from 2017 to 2022

The Asia Pacific region is expected to lead the actuators market during the forecast period. The growth of the Asia Pacific actuators market can be attributed to rapid industrialization in India and China, which has contributed significantly to the growth of these economies. Due to the easily available skilled labor and low cost of establishing new manufacturing plants, companies across various industries are expected to set up their manufacturing facilities in this region.

Know what Impacts Your Revenues with Exclusive, In-Depth Market Intelligence. Download PDF @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59465451

The actuators market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The Asia Pacific region is estimated to lead the actuators market in 2017, and the region is expected to be a driver of the global Internet of Things (IoT) in the coming years. IoT has been a focus area in emerging economies, such as India and China. The Indian government, for instance, has been pursuing its ‘Digital India’ initiative with a massive push towards IoT. This includes the establishment of smart cities and IoT-specific centers of excellence.

The significant investments incurred in the development of different types of actuators is a major factor restraining the growth of the actuators market across the globe. Significant investments are required at different stages of the value chain of the actuator industry (especially in R&D, manufacturing, system integration, and assembly stages).

Products offered by various companies operating in the actuators market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies between June 2013 and August 2017 to strengthen their positions in the actuators market. Major players in the actuators market include Emerson (US), Rotork (UK), Pentair (US), and Honeywell (US), among others. These companies have significant geographic reach and distribution channels.

Don’t miss out on business opportunities in Actuator Market. Speak to our analyst and gain crucial industry insights that will help your business grow.