Global Analysis
The global actuators market is segmented into the prominent regions of Americas, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region have the huge potential for the actuators market. The region is also expected to drive global IoT growth over the next 5 years. IoT has been an area of focus in emerging economies, such as India and China. This includes the establishment of smart cities, IoT-specific centers of excellence, which simultaneously are expected to propel the demand for actuators. The Asia Pacific actuators market is also projected to grow at the highest CAGR OF 5.93 % during the forecast period. Americas is one of the major regions for the actuators. America’ s actuators market holds an enormous potential of growth in the near future. Increasing investments across life sciences, automotive, food processing and packaging segments to revive growth. Hence, America’ s actuators market is expected to grow at a CAGR of 5.21 %. Europe is one of the major region for electric two-wheeler and has achieved an ample scope due to the presence of profitable countries such as Germany, U. K, and Norway. Additionally, the region is the hub of major are automobile manufacturers such as Audi, BMW, and Volvo among others. This also has the positive influence on the growth of the market. According to ITA Pharmaceuticals Top Markets Report, 2016, countries such as Belgium, Switzerland, United Kingdom, Germany, and Austria are expected to rank as one the leading pharmaceutical exporter in 2016-2017.
Key Players
The key players of global actuators market are Cameron, a Schlumberger company( U. S.), Eaton Corporation plc( Ireland), The Emerson Electric Company( U. S.), Festo AG & Co. KG( Germany), Flowserve Corporation( U. S.), Honeywell International Inc.( U. S.), KITZ Corporation( Japan), Rotork plc.( Japan), SAMSON AG( Germany), and SMC Corporation( Japan).
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