Australia markets open in 9 hours 58 minutes
  • ALL ORDS

    7,674.20
    +54.00 (+0.71%)
     
  • AUD/USD

    0.7425
    +0.0004 (+0.06%)
     
  • ASX 200

    7,362.00
    +50.30 (+0.69%)
     
  • OIL

    82.66
    +1.35 (+1.66%)
     
  • GOLD

    1,768.10
    -29.80 (-1.66%)
     
  • BTC-AUD

    81,977.48
    -547.34 (-0.66%)
     
  • CMC Crypto 200

    1,464.06
    +57.32 (+4.07%)
     

Global High Performance Actuators Market Is Expected to Reach $5.7 Billion by 2030: Says AMR

·4-min read

Increased demand for energy-efficient high performance actuators and rise in their usage in the automobile industry drive the growth of the global high performance actuators market. Based on application, the industrial automation segment held the major share in 2020. By region, on the other hand, the market across Asia-Pacific would remain lucrative by 2030.

Portland, OR, Sept. 27, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global high performance actuators market was estimated at $2.4 billion in 2020 and is expected to hit $5.7 billion by 2030, registering a CAGR of 9.1% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Increased demand for energy-efficient high performance actuators and rise in their usage in the automobile industry drive the growth of the global high performance actuators market. On the other hand, surge in the number of regulations on tinted films restrains the growth to some extent. However, the growing construction industry in developing economies is expected to pave the way for lucrative opportunities in the industry.

Download Report Sample (238 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/13505

COVID-19 scenario-

  • Extended lockdown, tour bans, and commercial enterprise shutdowns disrupted the normal activities of a lot of industries across the world, which in turn dwindled the demand for high performance actuators to a significant extent, thereby impacting the global market badly.

  • However, the global situation is getting better at a slow and steady pace, and the market is projected to revive soon.

The global high performance actuators market is analyzed across type, application, end-use, and region. Based on end use, the industrial segment accounted for around two-fifths of the total market revenue in 2020, and is expected to lead the trail by 2030. The automotive segment, on the other hand, would cite the fastest CAGR of 9.2% during the forecast period.

Get detailed COVID-19 impact analysis on the High Performance Actuators Market Request Here

Based on application, the industrial automation segment contributed to around one-third of the total market share in 2020, and is anticipated to dominate by 2030. At the same time, the vehicles and equipment segment would cite the fastest CAGR of 10.0% throughout the forecast period.

Based on region, Asia-Pacific held the major share in 2020, garnering nearly two-fifths of the global high performance actuators market. The same region would also showcase the fastest CAGR of 9.2% from 2021 to 2030.The other provinces studied in the report include North America, Europe, and LAMEA.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/13505

The key market players analyzed in the global high performance actuators market report include TiMaOTION Technology Co. Ltd., SKF, Linak, Ewellix, and Ultra Motion. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Actuator Systems Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Hydraulic Dosing Pumps Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Umbilical Cable Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

Industrial Boilers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Power Plant Boiler Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Combi Boiler Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting