Actuators Market

Emerson (US), Rotork (UK), and Pentair (US) are the Key Players Operating in the Actuators Market

Actuators are operated by an external source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure. 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 North America actuators market is growing at a significant pace due to the high demand for machines that are being used in manufacturing processes in industries, such as iron & steel, power, and chemicals. The growth of the Asia Pacific actuators market can be attributed to growth in the infrastructure sector, and demand for valves and actuators in India which has grown significantly.

Emerson (US), Rotork (UK), and Pentair (US) are the key players operating in the actuators market. These market players have been focusing on securing contracts to ensure organic growth in the actuators market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D activities. Emerson is a major player in the actuators market. The company focuses on contracts through extensive R&D activities.

he company’s next-generation innovation and strategic investments, coupled with a strong product portfolio, are expected to lead to its robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business sectors. For instance, in 2015, Emerson introduced the DCMlink software, which helps improve plant efficiency by unifying all electric actuators on a common platform, while allowing plant operators to gain deep insights into asset status and performance.

Rotork is planning to expand in the UK and is strengthening its position through partnerships and by establishing local production facilities. Rotork established offices in Israel, the UAE, Saudi Arabia, and Qatar along with expansion of the company’s offerings in various sectors. The company caters to its international customers primarily through the aerospace and automation systems and diversified industrial business segments. The company’s next-generation innovation and strategic investments, coupled with a strong product portfolio, are expected to lead to robust international growth in future. For instance, in 2017, Rotork received a contract from Hyundai Heavy Industries to provide 220 pneumatic actuators for the UAE.

Related Reports:

Actuators Market by Type (Linear Actuators, Rotary Actuators), System (Electrical, Hydraulic, Pneumatic, Mechanical), Application (End Use, Industrial), and Region (North America, Europe, Asia Pacific, Middle East, RoW) - Global Forecast to 2022

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Report Code
AS 2252
RI Published ON
2/6/2018
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