Dublin, Dec. 11, 2018 (GLOBE NEWSWIRE) -- The "Global Linear Actuators Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The linear actuators market will register a CAGR of over 6% by 2022.
The advent of Industry 4.0 and IoT have resulted in increasing demand for IoT enabled smart linear actuators. Functionalities such as rotary encoders, potentiometers, network switches, and controllers are being integrated into these smart actuators. Smart actuators are also being incorporated with various functions such as position feedback, switching, and system diagnostics. For instance, the Electrak Smart Linear Actuator, a smart actuator offered by Thomson Industries enables automation of facilities.
The enhanced diagnostic capabilities and controllability of this smart actuator helps in increasing efficiency and productivity. Also, the miniaturization of components achieved by smart linear actuators help in significant reduction of hardware and software costs. These factors will drive the application of smart linear actuators in material handling and domestic hospital, and office equipment.
Market Overview
Increased demand for electric linear actuators from automotive industry
Hydraulic linear actuators are the most commonly used linear actuators in the automotive industry. However fluid powered linear actuators are susceptible to chronic leaks. Thus, the automotive industry is increasingly adopting electric linear actuators as they are leak free. These actuators can also be installed easily and costs comparatively lesser than other types of linear actuators. Electric linear actuators also offer high durability, high load capacity, and high degree of environmental resistance. These factors are driving the adoption of electric linear actuators in the automotive industry and thereby boosting market growth.
High initial cost of implementation
The initial cost of electric linear actuators is very high. However, the maintenance and operating costs of these linear actuators are lesser than hydraulic and pneumatic actuators. Although the procurement cost of hydraulic and pneumatic linear actuators is low, the need to replace parts periodically increases their operational and maintenance costs. Furthermore, pneumatic linear actuators are vulnerable to pressure losses whereas hydraulic actuators are susceptible to fuel leakages. Thus, the high initial cost of implementation od linear actuators is hampering the growth of the market.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Emerson Electric, and Flowserve. Factors such as the growing demand for electric linear actuators from automotive industry, will provide considerable growth opportunities to linear actuator manufacturers.
Emerson Electric, Flowserve, LINAK, Parker Hannifin, and SMC are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
- Comparison by product
- Global electric linear actuators market - Market size and forecast 2017-2022
- Global hydraulic linear actuators market - Market size and forecast 2017-2022
- Global pneumatic linear actuators market - Market size and forecast 2017-2022
- Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Americas - Market size and forecast 2017-2022
- APAC- Market size and forecast 2017-2022
- EMEA- Market size and forecast 2017-2022
- Key leading countries
- US
- China
- Germany
- Japan
- France
- India
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Increasing demand for smart actuators
- Growing popularity of integrated linear actuators
- Increased applications in renewable energy management
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Emerson Electric
- Flowserve
- LINAK
- Parker Hannifin
- SMC
PART 15: LIST OF ABBREVIATIONS
For more information about this report visit https://www.researchandmarkets.com/research/8phvpp/global_linear?w=12
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