Actuators Market Synopsis:
Actuators are electro-mechanical devices which provide controlled and positioning or limited movements operated electrically, manually or using various fluids as air, hydraulic. There are two basic motions in actuator that linear and rotational. Linear actuators have push & pull function and some actuators have manually operated application. However, rotary actuators convert energy to provide rotational motion. The main energy source to actuator can be electric current, hydraulic fluid, pneumatic pressure or heat source.
Market Growth Factors:
To perform mining operations in mines motors are required to control the heavy machinery movements, actuator device can be used to produce these mechanical movements from particular energy source. Also advancements in mining technology help to grow the actuator market globally. However, the extent of actuator market is not limited to mining industry. It can be having several applications in defence, aerospace, health care and automotive sectors. As the demand for fuel efficient vehicles are increasing in automotive industry it will boost the demand for actuators market as well.
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The actuator market is segmented on the basis of energy sources as, hydraulic, electric, pneumatic, and mechanical. Hydraulic actuator has fluid motor that converts hydraulic power to mechanical operation. Pneumatic actuators use compressed air or vacuum at high pressure for movement of motor. Electric power is most clean and easily available with more safety compare to other energy source for electrical actuator as no liquid used to operate. On the basis of applications, global actuator market is classified as, automotive, aerospace, defence, and health care sector.
Region-wise, the actuators market is segregated in-
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o South Africa
o Rest of the LAMEA
The Asia Pacific region is expected to lead the global actuator market due to rapid urbanization & industrialization in countries like China, India and Japan. As the skilled labours availability is easy with low cost consumption. North America followed the Asia Pacific region having large number of automotive industries.
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The major key players for actuators market are-
- Elger Controls India Private Ltd.
- Auma Riester
- Cair Euromatic Automation Pvt Ltd.
- Timotion Technology Co. Ltd.
- Motion Systems Corp.
- Indelac Controls Inc.
These players are trying to recognise the needs of market in developing countries and expanding their strategies to improve business needs.
• On June, 2017, Timotion Technology Co. Ltd. has launched a new powerful actuator: the MA2. This actuator distinguishes itself by its adaptability and durability.
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