Electrohydraulic Actuator Market Professional Research Report Highlights of Key Drivers and Market Trends till 2026
Electrohydraulic actuators eliminate the need for separate hydraulic pumps and tubing, simplifying system architectures and improving safety and reliability. Electrohydraulic actuators incorporate servo valves and electronic controls to provide rod position feedback; thereby ensuring efficient machine operations. This amalgamation heightens accuracy, enhances functionality, improves ease-of-use, and better controls performance.
Market Data Analysis:
The Electrohydraulic Actuator market is projected to be valued at USD 274 million in 2019 and is anticipated to generate revenue of USD 346 million by the end of 2026, progressing at a GAGR of 3.4% between 2019 and 2026.
In the next few years, there is an increasing demand for the electrohydraulic actuator in the regions of North America and Europe that is expected to drive the market for a more advanced electrohydraulic actuator. Increasing of power and industrial fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of the electrohydraulic actuator in developing countries will push forward the growth of the global market.
North America occupied 32.10% production market share in 2018, is remarkable in the global electrohydraulic actuator industry because of its market share and technology status of the electrohydraulic actuator. Asia-Pacific is the second-largest region-wise market with 29.64% global share, followed by Europe (27.40%).
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Global Electrohydraulic Actuator market: Type segments
- Control Type Electrohydraulic Actuator
- Switch Type Electrohydraulic Actuator
Global Electrohydraulic Actuator market: Application segments
- Oil and Gas
- General Industry
Global Electrohydraulic Actuator market: regional segments
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Electrohydraulic Actuator market, including United Technologies Corporation, Parker Hannifin Corp, Eaton, Rotork, Rexa, HOERBIGER, Emerson, Honeywell International, Rockwell Collins, Moog Inc, and etc.
Globally, the market concentration of the electrohydraulic actuator industry is relatively low as the manufacturing technology of the electrohydraulic actuator is relatively matures than some high-tech equipment. And some enterprises, like Rotork, Rexa, HOERBIGER, and Emerson, etc. are well-known for the wonderful performance of their electrohydraulic actuator and related services.
Electrohydraulic Actuator Market Intended Audience:
- Electrohydraulic Actuator manufacturers
- Electrohydraulic Actuator importers and exporters
- Electrohydraulic Actuator traders, distributors, and suppliers
- Electrohydraulic Actuator industry associations
- Product managers, Electrohydraulic Actuator industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Electrohydraulic Actuator Market
2 Market Trends and Competitive Landscape
3 Segmentation of Electrohydraulic Actuator Market by Types
4 Segmentation of Electrohydraulic Actuator Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Electrohydraulic Actuator Market in Major Countries
7 North America Electrohydraulic Actuator Landscape Analysis
8 Europe Electrohydraulic Actuator Landscape Analysis
9 Asia Pacific Electrohydraulic Actuator Landscape Analysis
10 Latin America, Middle East & Africa Electrohydraulic Actuator Landscape Analysis
11 Major Players Profile
11.1 United Technologies Corporation
11.1.1 United Technologies Corporation Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Parker Hannifin Corp
11.4 Honeywell International
11.5 Rockwell Collins
11.6 Moog Inc
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