Published on : Aug 28, 2019
The demand within the global hydraulic valve actuators market is rising on account of advancements in the domain of electric signalling. The use of hydraulic valve actuators across a wide purview of industries has played a vital role in the growth of the global market. The popularity of manual actuators has played an underhanded role in propelling market demand. Actuators are commonly used in the automotive industry for meeting the torque requirements of the vehicle.
The next decade is expected to witness an increase in the total volume of revenues in the global hydraulic valve actuators market. This projection owes to the large-scale manufacturing of automotive parts, electronic equipment, and hydraulic machinery. The presence of a stellar industry for electronic manufacturing has generated confidence amongst the market players.
This review by Research Moz (Rmoz) on the global hydraulic valve actuators market elucidates several factors pertaining to market growth.
Need for Safety across Electrical and Automotive Industries
The growth of the global hydraulic valve actuators marker largely depends on the level of relevance held by these devices across end-use industries. Since hydraulic valve actuators help in enhancing the safety of electrical connections, the demand for these actuators is increasing across multiple industries.
Advancements in Automation Technologies
Automation technologies have pervaded several sectors and industries, and this trend has given a thrust to market growth. The use of hydraulic valve actuators in microprocessors has also played a vital role in generating voluminous revenues within the market.
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North America to Lead Market Growth
On the basis of geography, the demand for hydraulic valve actuators has been increasing across North America. This majorly owes to the presence of a stellar industry for manufacturing manual, hydraulic, and electric actuators.
Some of the key players in the global hydraulic valve actuators market are Cameron, GE Energy, AUMA Actuators, Emerson Process Management.