Actuator industry

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4www.marketresearchfuture.comActuator industry Forecast To 2025Global Actuator industry Segmented on the basis ofBy type, the global Actuator industry has been segmented into market has been segmented as pneumatic,electric, hydraulic, mechanical, and others. Among these, the electric segment presently accounts for themaximum share of the global market and is projected to strike the highest CAGR of 5.61% during thereview period. The growth of the segment can be ascribed to the cost effectiveness of the electricactuators.By End-User, the Actuator industry has been segmented into automotive, oil & gas, aerospace & defense,pharmaceutical, power, food & beverages, chemicals, water & wastewater and mining & metals. Amongthese, the automotive segment has the dominant share of the market and is poised to strike a relativelyhigher CAGR of 6.11% during the forecast period. The rising demand for automobiles is likely to influencethe expansion of the segment positively.
5www.marketresearchfuture.comActuator industry Forecast To 2025Global Actuator industry - Geographical AnalysisThe global Actuator industry, by region, has been segmented into Americas, Europe, Asia Pacific and the MiddleEast & Africa. Asia Pacific exhibits tremendous potential for growth and is poised to expand significantly over theassessment period. The regional market is expected to strike a relatively higher CAGR of 5.93% during theprojection period. The growth of the automotive sector in the major country-level markets such as India, China,Japan, etc. are expected to boost the growth trajectory of the Actuator industry in the region. Furthermore, theconsolidation of manufacturing facilities in the region is anticipated to augment the market across the reviewperiod. The availability of low-cost labor and comparatively simpler norms are encouraging the establishment ofthese plants in the region. Meanwhile, Americas is anticipated to register a CAGR of 5.21% over the next couple ofyears. The rising investments in research & developments is likely to have a favorable impact on the expansion ofthe market.Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5806
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