Stratview Research announces the launch of a new research report on the Actuators Market is Segmented by Type (Linear Actuators and Rotary Actuators), by System Type (Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Mechanical Actuators, and Others), by Application Type (End-Use Application, Industrial Application), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Actuators Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on global Actuators Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Actuators market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increased investment towards process automation across end-use industries is the major factor driving the demand for actuators.
In terms of regions, Asia-Pacific dominated the actuators market. The region is estimated to drive the Internet of Things in the coming years. India and China are the growth engines of the region owing to increased focus towards IOT.
According to the report, the key players of the market are –
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Actuators market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.
The electrical actuator is expected to remain dominant in the actuators market in the coming years.