Vascular Closure Device Market to Witness Robust Expansion Throughout the Forecast Period 2021-2026 [news]
Stratview Research has recently added a new report titled Vascular Closure Device Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Vascular Closure Device Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
• Terumo (Japan)
• Abbott Laboratories (US)
• Cordis (US)
• Cardiva Medical (US)
• Medtronic (Ireland)
• Morris Innovative (US)
• Essential Medical (US)
• Merit Medical (US)
• Vasorum (Ireland)
• TZ Medical (US).
Market Highlights
The Vascular Closure Device market is projected to grow from USD 0.9 billion in 2020 to USD 1.3 billion by 2026 at a CAGR of over 7.3% during the forecast period. Increasing incidents of cardiovascular disease across the globe is a key factor bolstering the product demand. Also, a shift of medical facilities toward minimally invasive procedures coupled with the usage of imaging technologies & radiotherapy has created lucrative growth opportunities for the market players. Moreover, the deployment of imaging technologies to monitor cardiac functions is likely to further increase the demand for heart surgeries, thus boosting the industry's growth in the coming years.
Segment-wise analysis
Based on device type, the global vascular closure device market has been classified into passive approximators, active approximators, and external hemostatic devices. Under these, the active approximators segment held the largest market share of around 60% in 2020 and is likely to grow at a considered CAGR during the forecast period. Active vascular closure device uses different methods for direct closure of artery entry site by using suture or collagen-based products. Moreover, growing product availability catering to a larger population offers revenue generation avenues, thus bolstering the segment growth.
By region, the North American market held a significant market share of almost 45% in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, growing hospitalizations associated with cardiovascular diseases boosts the patient inflow in facilities, further augments the regional market growth.
To get more details about this report, click here- https://www.stratviewresearch.com/Request-Sample/2534/Vascular-Closure-Device-Market.html#form
The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
About Stratview Research
Stratview Research is a global market research firm with capabilities of providing complex market reports and other consulting services. Along with market reports, the firm also provides custom research services across the sectors covering industries like Energy Chemicals, Advanced Materials, Automotive, and Aerospace, and more.
In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
• Terumo (Japan)
• Abbott Laboratories (US)
• Cordis (US)
• Cardiva Medical (US)
• Medtronic (Ireland)
• Morris Innovative (US)
• Essential Medical (US)
• Merit Medical (US)
• Vasorum (Ireland)
• TZ Medical (US).
Market Highlights
The Vascular Closure Device market is projected to grow from USD 0.9 billion in 2020 to USD 1.3 billion by 2026 at a CAGR of over 7.3% during the forecast period. Increasing incidents of cardiovascular disease across the globe is a key factor bolstering the product demand. Also, a shift of medical facilities toward minimally invasive procedures coupled with the usage of imaging technologies & radiotherapy has created lucrative growth opportunities for the market players. Moreover, the deployment of imaging technologies to monitor cardiac functions is likely to further increase the demand for heart surgeries, thus boosting the industry's growth in the coming years.
Segment-wise analysis
Based on device type, the global vascular closure device market has been classified into passive approximators, active approximators, and external hemostatic devices. Under these, the active approximators segment held the largest market share of around 60% in 2020 and is likely to grow at a considered CAGR during the forecast period. Active vascular closure device uses different methods for direct closure of artery entry site by using suture or collagen-based products. Moreover, growing product availability catering to a larger population offers revenue generation avenues, thus bolstering the segment growth.
By region, the North American market held a significant market share of almost 45% in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, growing hospitalizations associated with cardiovascular diseases boosts the patient inflow in facilities, further augments the regional market growth.
To get more details about this report, click here- https://www.stratviewresearch.com/Request-Sample/2534/Vascular-Closure-Device-Market.html#form
The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
About Stratview Research
Stratview Research is a global market research firm with capabilities of providing complex market reports and other consulting services. Along with market reports, the firm also provides custom research services across the sectors covering industries like Energy Chemicals, Advanced Materials, Automotive, and Aerospace, and more.
In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Wrinkle cream Market Projected to Grow at a Steady Pace During 2021-2026 [news]
Wrinkle cream Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This wrinkle cream market report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The growing geriatric population throughout the world, together with technical improvements in the cosmetic industry, is predicted to be the primary driver of market expansion. Anti-wrinkle creams are gaining popularity because their formulations are well adapted to slowing the aging process. Major causes of wrinkles include a lack of necessary nutrients in the body, prolonged exposure to UV light and pollution, smoking, dehydration, medications, and other genetic factors.
Before investing, get a free sample report here : https://www.stratviewresearch.com/Request-Sample/2521/Wrinkle-Cream-Market.html#form
Market Segments' Analysis
According to Stratview Research, the Wrinkle cream Market is segmented By Product (Oils, Serums, Lotions), By Application (Hyper & Supermarkets, Online, Specialty Stores, Convenience Stores), and Region.
Based on application, the wrinkle cream market has been divided into Hyper & Supermarkets, Online, Specialty Stores, and Convenience Stores. Hypermarkets and supermarkets accounted for the largest market share in 2020. Because of the availability of many products at varying costs Furthermore, stores such as Marks & Spencer's provide regular discounts, which contributes to the segment's growth.
By region, the Asia-Pacific wrinkle cream market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. Face Shop, Innisfree, and Soko Glam are among the key companies in this region. Rising pollution levels and UV radiation exposure have resulted in a rise in demand for anti-wrinkle products in this region.
The European wrinkle cream market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. Because of the presence of big brands such as Bioderma, Clarins, Vichy, and Kiko Milano The growing popularity of serums and essential oil advantages in the region is driving up demand for quick-absorbing and natural products.
Top key vendors in the market:
The report mentions a list of key players in the Wrinkle cream Market. Some of them are mentioned below –
• Procter & Gamble Co.
• PHYTOMER
• Johnson & Johnson
• Beiersdorf
• Unilever PLC
• The Estee Lauder Companies, Inc.
• Shiseido Company Limited
• L’Oreal Paris
• ZO Skin Health, Inc
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the Wrinkle cream Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion's share of the market?
- What are the market drivers and constraints?
About Us –
Stratview Research is a global market research firm offering analytics, research, and advisory that can assist the clients to renovate their business and modify the approach. The reports offered can help the users in taking decisions intrepidly. Along with the reports, Stratview Research also offers customization services. In order to customize any of the report, please connect with our team.
Stratview Research
Call Us: +1-313-307-4176
Mail Us: sales@stratviewresearch.com
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The growing geriatric population throughout the world, together with technical improvements in the cosmetic industry, is predicted to be the primary driver of market expansion. Anti-wrinkle creams are gaining popularity because their formulations are well adapted to slowing the aging process. Major causes of wrinkles include a lack of necessary nutrients in the body, prolonged exposure to UV light and pollution, smoking, dehydration, medications, and other genetic factors.
Before investing, get a free sample report here : https://www.stratviewresearch.com/Request-Sample/2521/Wrinkle-Cream-Market.html#form
Market Segments' Analysis
According to Stratview Research, the Wrinkle cream Market is segmented By Product (Oils, Serums, Lotions), By Application (Hyper & Supermarkets, Online, Specialty Stores, Convenience Stores), and Region.
Based on application, the wrinkle cream market has been divided into Hyper & Supermarkets, Online, Specialty Stores, and Convenience Stores. Hypermarkets and supermarkets accounted for the largest market share in 2020. Because of the availability of many products at varying costs Furthermore, stores such as Marks & Spencer's provide regular discounts, which contributes to the segment's growth.
By region, the Asia-Pacific wrinkle cream market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. Face Shop, Innisfree, and Soko Glam are among the key companies in this region. Rising pollution levels and UV radiation exposure have resulted in a rise in demand for anti-wrinkle products in this region.
The European wrinkle cream market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. Because of the presence of big brands such as Bioderma, Clarins, Vichy, and Kiko Milano The growing popularity of serums and essential oil advantages in the region is driving up demand for quick-absorbing and natural products.
Top key vendors in the market:
The report mentions a list of key players in the Wrinkle cream Market. Some of them are mentioned below –
• Procter & Gamble Co.
• PHYTOMER
• Johnson & Johnson
• Beiersdorf
• Unilever PLC
• The Estee Lauder Companies, Inc.
• Shiseido Company Limited
• L’Oreal Paris
• ZO Skin Health, Inc
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the Wrinkle cream Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion's share of the market?
- What are the market drivers and constraints?
About Us –
Stratview Research is a global market research firm offering analytics, research, and advisory that can assist the clients to renovate their business and modify the approach. The reports offered can help the users in taking decisions intrepidly. Along with the reports, Stratview Research also offers customization services. In order to customize any of the report, please connect with our team.
Stratview Research
Call Us: +1-313-307-4176
Mail Us: sales@stratviewresearch.com
Automotive Leaf Spring Market to Witness a Handsome Growth during 2019-2024 [news]
June 30, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Leaf Spring Market.
It was estimated prior to this unanticipated outbreak that the Automotive Leaf Spring Market is projected to witness an impressive double-digit CAGR over the next five years to reach US$ 5.8 billion in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
A leaf spring is a spring comprising leaves and is commonly used for suspension in the wheeled vehicles. It is a semi-elliptical arm consisting of one or more leaves which are strips of steel or other materials that are meant to flex under pressure yet maintain their original shape when not under pressure. Leaf springs are one of the oldest suspension components and are still being used in most of the LCVs and MHCVs. There is another type of spring called coil spring, which has a widespread usage in passenger cars.
Over a period of time, the automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. At the same time, there are a lot of R&D activities happening for the development of lightweight alternatives of heavier steel leaf springs. Composite leaf springs are the outcome of these activities, offering significant weight saving advantage over steel springs without sacrificing performance.
To read more about the topic, click here:
https://www.stratviewresearch.com/272/automotive-leaf-springs-market.html
Segment Analysis
By Material Type
Based on the material type, the market is segmented into steel springs and composite leaf springs. Steel leaf spring is expected to remain the larger spring type in the next five years; however, composite spring is likely to witness the higher growth for the same period. Composite springs offer excellent strength-to-weight ratio, fatigue resistance, and natural frequency and are about five times more durable than a steel spring. Internal damping in the composite materials leads to excellent absorption of vibration energy within the parts, resulting in, a reduced transmission of vibration noise to the neighboring structures.
By Vehicle Type
Based on the vehicle type, the market is segmented into passenger car, LCV, MHCV, and others. MHCV dominates the market in terms of value and is likely to maintain its dominance in the coming five years as well. Large production base of MHCVs coupled with high penetration of leaf springs in MHCVs and large MHCV fleet are the key whys and wherefores behind the dominance of MHCVs in the market.
Regional Insights
In terms of region, Asia-Pacific is expected to remain the largest market for leaf springs in the foreseen future, because of increasing production of MHCVs in the developing Asian economies, such as China and India. China, Japan, and South Korea are likely to remain the major markets in the region; however, India is likely to be the new growth engine of the region’s market in the coming five years. Several automakers are eyeing on the Indian market and have huge plans to open manufacturing plants in the country in order to leverage the benefits offered by the government under several manufacturing boost initiatives, such as Make in India.
Europe and North America, other major markets, are also likely to have a positive outlook in the coming five years. The USA and Mexico are likely to be the major markets in North America, whereas Russia, Germany, and France are the major markets in Europe.
Key Players:
The key automotive OEMs are-
• Daimler
• Navistar
• GM
• Volvo
• MAN
• Tata Motors
• Peterbilt
• Toyota.
The key leaf spring manufacturers are-
• Rassini
• Hendrickson
• Jamna Auto Industries
• Dongfeng Motors
• IFC Composite
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automotive Leaf Spring analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
It was estimated prior to this unanticipated outbreak that the Automotive Leaf Spring Market is projected to witness an impressive double-digit CAGR over the next five years to reach US$ 5.8 billion in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
A leaf spring is a spring comprising leaves and is commonly used for suspension in the wheeled vehicles. It is a semi-elliptical arm consisting of one or more leaves which are strips of steel or other materials that are meant to flex under pressure yet maintain their original shape when not under pressure. Leaf springs are one of the oldest suspension components and are still being used in most of the LCVs and MHCVs. There is another type of spring called coil spring, which has a widespread usage in passenger cars.
Over a period of time, the automotive industry has witnessed a remarkable transition in the leaf spring technology, material, style, design, etc. There are countless styles of leaf-spring suspension available worldwide featuring different mounting points, shapes, and sizes. At the same time, there are a lot of R&D activities happening for the development of lightweight alternatives of heavier steel leaf springs. Composite leaf springs are the outcome of these activities, offering significant weight saving advantage over steel springs without sacrificing performance.
To read more about the topic, click here:
https://www.stratviewresearch.com/272/automotive-leaf-springs-market.html
Segment Analysis
By Material Type
Based on the material type, the market is segmented into steel springs and composite leaf springs. Steel leaf spring is expected to remain the larger spring type in the next five years; however, composite spring is likely to witness the higher growth for the same period. Composite springs offer excellent strength-to-weight ratio, fatigue resistance, and natural frequency and are about five times more durable than a steel spring. Internal damping in the composite materials leads to excellent absorption of vibration energy within the parts, resulting in, a reduced transmission of vibration noise to the neighboring structures.
By Vehicle Type
Based on the vehicle type, the market is segmented into passenger car, LCV, MHCV, and others. MHCV dominates the market in terms of value and is likely to maintain its dominance in the coming five years as well. Large production base of MHCVs coupled with high penetration of leaf springs in MHCVs and large MHCV fleet are the key whys and wherefores behind the dominance of MHCVs in the market.
Regional Insights
In terms of region, Asia-Pacific is expected to remain the largest market for leaf springs in the foreseen future, because of increasing production of MHCVs in the developing Asian economies, such as China and India. China, Japan, and South Korea are likely to remain the major markets in the region; however, India is likely to be the new growth engine of the region’s market in the coming five years. Several automakers are eyeing on the Indian market and have huge plans to open manufacturing plants in the country in order to leverage the benefits offered by the government under several manufacturing boost initiatives, such as Make in India.
Europe and North America, other major markets, are also likely to have a positive outlook in the coming five years. The USA and Mexico are likely to be the major markets in North America, whereas Russia, Germany, and France are the major markets in Europe.
Key Players:
The key automotive OEMs are-
• Daimler
• Navistar
• GM
• Volvo
• MAN
• Tata Motors
• Peterbilt
• Toyota.
The key leaf spring manufacturers are-
• Rassini
• Hendrickson
• Jamna Auto Industries
• Dongfeng Motors
• IFC Composite
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automotive Leaf Spring analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Actuators Market Size to Expand Significantly by the End of 2027 [news]
June 30, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Actuators Market.
It was estimated prior to this unanticipated outbreak that the 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.
Market Scope & Segmentation
Actuators are an eminent part of any machine that on which the movement of the machine depends. It is also responsible for the controlling of a mechanism or a system, such as opening a valve. The actuator is also known as a mover and it needs an energy source and a control signal for its working.
The actuator does the work of converting energy into motion and is used in industrial and manufacturing applications and also in various devices such as valves, pumps, switches, and motors.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
To read more about the topic, click here:
https://www.stratviewresearch.com/549/actuators-market.html
Market Segments Analysis
Based on the type, the market is segmented as linear actuators, and rotary actuators. The linear actuators segment is expected to dominate the market during the forecast period. The escalating demand for fuel-efficient vehicles, implementation of stringent environmental regulation, increasing automation in emerging economies, and the rising need to improve combustion control, increase reliability, and reduce production cost in manufacturing sectors are some of the major factors that drive the growth of linear actuators in the global market.
Based on the system type, the market is segmented as hydraulic, electrical, pneumatic, mechanical, and other actuators. The electrical actuators dominated the market and is expected to retain the dominance during the forecast period as well. This growth is attributed to the extensive application of electrical actuators in the aviation industry. Electrical actuators play a vital role in controlling systems as they convert electrical signals to mechanical movement.
Based on the application type, the actuators market is segmented as end-use and industrial application. The end-use application segment is projected to register a higher growth in the coming five years. End-use application includes wide array of verticals such as automotive, marine, aerospace, and defense. Growth in this industry verticals is expected to drive the growth of the end-use application.
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.
Key Players:
Key players operating in the global Actuators market are-
• The Emerson Electric Company
• Honeywell International Inc.
• Moog Inc.
• Rotork Plc
• Parker Hannifin Corporation
• ABB Group
• Cameron International Corporation
• Eaton Corporation Plc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Actuators analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
It was estimated prior to this unanticipated outbreak that the 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.
Market Scope & Segmentation
Actuators are an eminent part of any machine that on which the movement of the machine depends. It is also responsible for the controlling of a mechanism or a system, such as opening a valve. The actuator is also known as a mover and it needs an energy source and a control signal for its working.
The actuator does the work of converting energy into motion and is used in industrial and manufacturing applications and also in various devices such as valves, pumps, switches, and motors.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
To read more about the topic, click here:
https://www.stratviewresearch.com/549/actuators-market.html
Market Segments Analysis
Based on the type, the market is segmented as linear actuators, and rotary actuators. The linear actuators segment is expected to dominate the market during the forecast period. The escalating demand for fuel-efficient vehicles, implementation of stringent environmental regulation, increasing automation in emerging economies, and the rising need to improve combustion control, increase reliability, and reduce production cost in manufacturing sectors are some of the major factors that drive the growth of linear actuators in the global market.
Based on the system type, the market is segmented as hydraulic, electrical, pneumatic, mechanical, and other actuators. The electrical actuators dominated the market and is expected to retain the dominance during the forecast period as well. This growth is attributed to the extensive application of electrical actuators in the aviation industry. Electrical actuators play a vital role in controlling systems as they convert electrical signals to mechanical movement.
Based on the application type, the actuators market is segmented as end-use and industrial application. The end-use application segment is projected to register a higher growth in the coming five years. End-use application includes wide array of verticals such as automotive, marine, aerospace, and defense. Growth in this industry verticals is expected to drive the growth of the end-use application.
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.
Key Players:
Key players operating in the global Actuators market are-
• The Emerson Electric Company
• Honeywell International Inc.
• Moog Inc.
• Rotork Plc
• Parker Hannifin Corporation
• ABB Group
• Cameron International Corporation
• Eaton Corporation Plc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Actuators analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
