Zion Market Research Actuators Market for Automotive Application, 2016 | Page 3

Actuators Market
paper , food and beverages , oil and gas , chemical , iron and steel , mining and others . The actuators market is diversified into regions such as Asia-Pacific , Europe , North America , the Middle East and Rest of the World .
Global Actuators Market : Growth Factors
The key factors that are driving the actuators market are industrialization and urbanization . There is the huge investment made in the infrastructure and renewal of the plants , which is positively contributing in the growth of the actuators market . The factors such as technological developments , increasing population , automation of the manufacturing plants , and extraction of natural resources from difficult locations will act as drivers for the market growth in the coming years . Many industries are compelling on automating the operations for greater efficiency , improved safety and increased accuracy in the production . In recent times , there was a rise in demand for remote monitoring , which also acted as added factor to the actuators market growth . Various sectors where the actuators are used include oil and gas , aerospace and defense , automotive , mining and marine . There is a great demand for the oil and gas industry owing to the growing demand of applications from the sectors such as gas and liquid pipelines , gas storage and liquefied natural gas . The factor that hampers the market growth is the competitive standards of pricing and the ability of the suppliers to meet the requirements of the consumer .
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