Hydraulic actuators are used when a significant amount of force is required to operate a valve. Hydraulic actuators and electrohydraulic actuators transpose fluid pressure into motion upon receiving a signal to do so. They utilize an external power source and receive signals that are measured in volts, pressure, and amperes. The implementation of electrohydraulic actuators in valves not only improves functionality and accuracy but also allows for an ease-of-use of the system. It is factors such as these coupled with the advancements in electrohydraulic actuator technology that will aid in the growth of the electrohydraulic actuator market.
This report offers an all-encompassing analysis of the electrohydraulic actuator market. It is through thorough research efforts, both primary and secondary, that the research results have been comprehensively examined over the study period. The electrohydraulic actuator market is projected to have a valuation of over US$ 405 million, from its estimated revenue of US$ 287 million generated in 2018.
Also, the rapid expansion of manufacturing industries and in the field of construction will set the tone for a steady surge in growth of the electrohydraulic actuator market during the forecast period. Thus far, the increase in the purchase of integrated systems and the requirement for automated solutions between hydraulic systems in not just the oil & gas, metals & mining industries but in marine industries as well that have steered the electrohydraulic actuator market.
The global electrohydraulic actuator market can be segmented on the basis of product type, application, and region. On the basis of type, the market is segmented into control-type actuator and switch-type actuator. Control-type electrohydraulic actuators have been known to occupy a majority of this market’s share.
In terms of region, the market is segmented into the United States, China, Europe, Japan, Southeast Asia, and India followed by the rest of the world. A major share of the electrohydraulic actuator market is occupied by the United States, followed by Europe. China is thought to index the highest rate of growth over the forecasted tenure. India, Japan, Southeast Asia and the rest of the world are also slated to index stable growth over the forecast period.
The global electrohydraulic actuator market report includes company profiles of major players such as Emerson Electric Co., Rotork plc, HOERBIGER Holding AG, Nihon KOSO Co.Ltd., Moog Inc., Samson Controls (China) Co. Ltd., Woodward, Inc., AVTECH, Rotex Automation Limited, Siemens Aktiengesellschaft, Parker-Hannifin Corporation, etc.
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