Businesses across different industries are striving not only to reopen but also to grow. Business leaders are leveraging the rescue packages from the government to restructure themselves with digital conversions and agile organizational structures. They are taking swift actions to get ready for greater resilience and better productivity in a future where the usual business does not exist. The industry leaders are investing in future technologies to automate facilities and physical processes to comply with social distancing norms.
The industrial sector is transforming towards centralized and automated non-core tasks. The businesses are evaluating and re-aligning service capabilities and network models to adapt with the new normal. To overcome the impact of disrupted supply chain models, the businesses are creating transparent system with help of big data, connected ecosystem and intelligent system. Besides all the organizational level changes, the market players in industrial sector are increasing work safety precautions to fall in line with the social-distancing norms issued by the government.
Linear Actuators Market: Overview
Linear actuators assist in converting energy into straight line motions, generally for positioning applications. Most of the linear actuators are either mechanical or electro-mechanical devices that provide controlled movement and positioning. These actuators are primarily used in industrial machinery, computer peripherals, valves, and many other places where linear motion is required. A typical linear actuator generally produces push and pull action. As most processes across a variegated range of industries gets automated, the global linear actuators market is expected to expand with an impressive CAGR throughout the forecast period.
Linear Actuators Market: Drivers & Restraints
The major factors boosting the growth of linear actuators market is rising automation across manufacturing industry. Industrial objectives such as achieving complete factory automation, and integrating Industrial Internet of Things are some of the prime reasons that will drive more demand for linear actuators. While, rising industrialization particularly in the third world countries is another factor that will drive the demand in the global linear actuators market, on the backdrop of increasing number of factories.
<<<< Request For Report Sample >>>>https://www.persistencemarketresearch.com/samples/15514
As the number of research studies conducted increases, demand for telescopic actuators is expected to increase significantly. Also as companies overcome their legacy systems to achieve higher efficiency, and replace existing actuators with new ones, demand for linear actuators is expected to rise. Furthermore, as an increasing number of industrial process adopt self-control and positioning demand in the linear actuators market is expected to continuously rise.
However, as concerns regarding employment rises among most countries on the backdrop of increasing automation in factories, demand for linear actuators might get sluggish over the end years of the forecast period. Adoption of 3D printing in many industries is another factor that will restrain the demand for linear actuators, as usage of machines will decrease.
Linear Actuators Market: Market Segmentation
The Linear Actuators Market is segmented into two parts based on operation type and end use industry:
Based on operation mechanism, the linear actuator market is segmented into:
- Electro-mechanical actuators
Based on End Use Industry, the linear actuator market is segmented into:
- Energy and Mining,
Linear Actuators Market: Regional Outlook
Geographically, linear actuators market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. A prominent share of the demand for linear actuators comes from North America, and the region is expected to maintain its dominance throughout the forecast period. Furthermore, with more inclination towards shifting manufacturing in US from China and other ASEAN countries, demand for linear actuators will further rise in the region. Asia Pacific Exc. Japan is another prominent shareholder in terms of demand for linear actuators, amid, large manufacturing sector of China.
Moreover, with India and Indonesia picking up at a fast pace, demand for linear actuators is expected to expand with a bullish growth rate over the forecast period. Being home to large automotive and research base companies, Western Europe is another prominent region generating huge demand for linear actuators. Eastern Europe is also expected to generate descent demand for linear actuators, particularly from energy and defense sector. Rising industrialization and the already dominant oil and gas industry of Middle East and Africa is the prime reason driving automation in the Middle Eastern region. Thus driving more demand for linear actuators. Japan is another prominent industrial nation, which drives demand for linear actuators, due to high automation penetration in their industries coupled with growing semiconductor industry of the region.
<<<< Request For Report Table of Content (TOC) >>>> https://www.persistencemarketresearch.com/toc/15514
Linear Actuators Market: Key Players
Some of the players identified in Global Linear Actuators market are:-
- Helix Linear Technologies, Inc.
- Altra Industrial Motion
- Tolomatic, Inc.
- Fabco-Air, Inc.
- Actuonix Motion Devices
- Tusk Direct, Inc.
- Bishop-Wisecarver Corporation
- BEI Kimco Magnetics
- Burr Engineering & Development Company
- Del-Tron Precision, Inc.
- Rollon India Pvt. Ltd.