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Actuators system Market is expected to grow at a CAGR of 8.00% to reach $59.32 Billion by 2019

The "Global Actuators Market by Application (Industry, Health care, Automobile, Aerospace & Defense, Marine and Mining), & by Geography (Asia-Pacific, Europe, Latin America, North America, the Middle East, and Rest of the world) - Forecast Analysis (2014-2019)" published by MarketsandMarkets, Global actuators systems market is estimated to be $37.38 Billion in 2014, and it is expected to grow at a CAGR of 8.00% to reach $59.32 Billion by 2019.

Browse more than 72 market data Tables with 15 Figures spread through 147 Pages and in-depth TOC on "Global Actuators Market" 

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The actuators market is segmented based on product, application, and geography. The market of electrical actuator is expected to grow at a CAGR of 13.32% during the forecasted period. Higher efficiency and controlled output are fueling the growth of electrical actuators over hydraulic and pneumatic actuators globally.

The current trend of the market is the technology advancement in actuators, which will increase the efficiency and effectiveness of the product.

Latest technology advancements in the actuators market are as follows: Electric actuators are expected to replace hydraulic and pneumatic actuators used in health care industry due to its reliability, operational effectiveness, and provide superior motion control in critical, life-saving applications.

Latest technology in piezoelectric actuators offers number of advantages regarding precise control of medical device application. These actuators are more compact, require lower voltage, deliver higher torque and generate less heat.

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Application wise actuators market is segmented into industrial, automobile, health care, aerospace and defense, marine, and mining. Industrial sector is the largest revenue generating sector in this market and it is expected to grow at a CAGR of 8.00%. Growing demands for vehicles, metals, and minerals, are likely to amplify the overall market base of the actuators market in automobile, marine, and mining sector globally.

The actuators market is segmented based on product, application, and geography. The market of electrical actuator is expected to grow at a CAGR of 13.32% during the forecasted period. Higher efficiency and controlled output are fueling the growth of electrical actuators over hydraulic and pneumatic actuators globally.

The current trend of the market is the technology advancement in actuators, which will increase the efficiency and effectiveness of the product.

Latest technology advancements in the actuators market are as follows: Electric actuators are expected to replace hydraulic and pneumatic actuators used in health care industry due to its reliability, operational effectiveness, and provide superior motion control in critical, life-saving applications.

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Latest technology in piezoelectric actuators offers number of advantages regarding precise control of medical device application. These actuators are more compact, require lower voltage, deliver higher torque and generate less heat.

Application wise actuators market is segmented into industrial, automobile, health care, aerospace and defense, marine, and mining. Industrial sector is the largest revenue generating sector in this market and it is expected to grow at a CAGR of 8.00%. Growing demands for vehicles, metals, and minerals, are likely to amplify the overall market base of the actuators market in automobile, marine, and mining sector globally.

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