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Global Hydraulic Actuators Market 2017-2021

Global Hydraulic Actuators Market 2017-2021

About Hydraulic Actuators

Hydraulic actuators, used in the industrial fluid process control, employ hydraulic pressure to drive an output member. These are used where high speed and large forces are required for the fluid control applications. The global hydraulic actuators market had a slow growth rate from the previous five years, and it will face a recovery in its growth rate from 2018-19. The integration of fluid power with electronic devices is acting as an emerging trend in this market. The fluctuating oil prices result in a major hit on the adoption of the latest hydraulic actuators, followed by the European Union regulations for a changeover to renewable energy production.

Technavio’s analysts forecast the global hydraulic actuators market to grow at a CAGR of 3.47% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hydraulic actuators market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hydraulic Actuators Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Emerson
  • Flowserve
  • PARKER HANNIFIN
  • Schamberger
  • Siemens
Other prominent vendors
  • 2G Engineering
  • ATI
  • Curtiss-Wright
  • ITT
  • Ace Micromatic
  • Moog
  • Paladon Systems
  • REXA
  • Rotork
  • SMC
  • The Kerry Company
  • Worldwide Materials Sourcing
Market driver
  • Low cost of hydraulic actuators when compared with electrical actuators
  • For a full, detailed list, view our report
Market challenge
  • Excessive cost of installation and maintenance
  • For a full, detailed list, view our report
Market trend
  • Remote control operations and solutions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Hydraulic Actuators Market 2017-2021

Technavio recognizes the following companies as the key players in the global hydraulic actuators market: Emerson, Flowserve, PARKER HANNIFIN, Schamberger, and Siemens.

Other Prominent Vendors in the market are: 2G Engineering, ATI, Curtiss-Wright, ITT, Ace Micromatic, Moog, Paladon Systems, REXA, Rotork, SMC, The Kerry Company, and Worldwide Materials Sourcing.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Remote control operations and solutions. The development in remote-control operations and availability of software solutions make the fluid motion process more affordable. The development in communication systems, sensors, and IIoT makes it easy for the end-user industries to invest in the latest solutions. The market for hydraulic actuators with remote control operations will guide the marine, metals and mining, and oil and gas industries in the subsea, and deep well applications to grow.”

According to the report, one of the major drivers for this market is Low cost of hydraulic actuators when compared with electrical actuators. The market for hydraulic actuators is highly driven by linear hydraulic actuators, and it is due to the market growth in the developing countries where the cost of products has been lowered. The cost reduction has led to a higher adoption of hydraulic actuators among the end-user industries. The growth in fluid automation is one of the major driving factors for the use of hydraulic actuators. The cost of linear hydraulic actuators has been reduced along with the development of multifunctional features. They are used for switching on or off or modulating control of any gate valve or increasing the stem ball valve that is utilizing a hydraulic actuator supply.

Further, the report states that one of the major factors hindering the growth of this market is Excessive cost of installation and maintenance. Hydraulic actuators in the onshore and offshore oil and gas fields are prone to face high pressure conditions and may have high vibrations. Although hydraulic valve system faces high pressure conditions and ensures smooth operations, it causes a delay in operations, which is one of the challenges in achieving the required productivity. Frequent monitoring of hydraulic actuators is highly essential as it involves 24/7 operations where high productivity is the target for the oil and gas companies. The installation and maintenance charges are high, thereby requires continuous monitoring of hydraulic system and actuators, which increases the labor cost.

Companies Mentioned

Emerson, Flowserve, PARKER HANNIFIN, Schamberger, Siemens, 2G Engineering, ATI, Curtiss-Wright, ITT, Ace Micromatic, Moog, Paladon Systems, REXA, Rotork, SMC, The Kerry Company, and Worldwide Materials Sourcing.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of actuators
  • Market landscape
    • Market overview
      • Table Components of hydraulic actuators
    • Market size and forecast
      • Table Market size and forecast of global hydraulic actuators ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Global hydraulic actuators market by type 2016 and 2021 (% share)
    • Global linear hydraulic actuators market
      • Table Global linear hydraulic actuators market 2016-2021 ($ millions)
    • Global rotary hydraulic actuators market
      • Table Global rotary hydraulic actuators market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Global hydraulic actuators market by end-user 2016 and 2021 (% share)
    • Global hydraulic actuators market by the oil and gas industry
      • Table Global hydraulic actuators market by the oil and gas industry 2016-2021 ($ millions)
    • Global hydraulic actuators market by the power generation industry
      • Table Global hydraulic actuators market by the power generation industry 2016-2021($ millions)
    • Global hydraulic actuators market by the metals and mining industry
      • Table Global hydraulic actuators market by the metals and mining industry 2016-2021($ millions)
    • Global hydraulic actuators market by the chemical and petrochemical industry
      • Table Global hydraulic actuators market by the chemical and petrochemical industry2016-2021 ($ millions)
    • Global hydraulic actuators market by others
      • Table Global hydraulic actuators market by others 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global hydraulic actuators market by geography 2016 and 2021 (% share)
    • Hydraulic actuators market in EMEA
      • Table Hydraulic actuators market in EMEA 2016-2021 ($ millions)
    • Hydraulic actuators market in the Americas
      • Table Hydraulic actuators market in the Americas 2016-2021 ($ millions)
    • Hydraulic actuators market in APAC
      • Table Hydraulic actuators market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Advantages of electromechanical actuators
  • Market trends
    • Remote control operations and solutions
    • Increase in mergers and acquisitions (M&A)
    • Decreasing investments in conventional energy sources
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Emerson
      • Table Emerson: Product segments
      • Table Emerson: Product portfolio
      • Table Emerson: Key highlights
    • Flowserve
      • Table Flowserve: Product segments
      • Table Flowserve: Product portfolio
      • Table Flowserve: Key highlights
    • PARKER HANNIFIN
      • Table PARKER HANNIFIN: Product segments
      • Table PARKER HANNIFIN: Product portfolio
      • Table PARKER HANNIFIN: Key highlights
    • Schlumberger
      • Table Schlumberger: Product segments
      • Table Schlumberger: Product portfolio
      • Table Schlumberger: Key highlights
    • Siemens
      • Table Siemens: Product segments
      • Table Siemens: Product portfolio
      • Table Siemens: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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