Market Overview:
The global electro hydraulic actuator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electro hydraulic actuators in oil and gas, power, industrial, and other applications. In terms of type, the control type electrohydraulic actuator segment is expected to lead the global market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030.
Product Definition:
An electro hydraulic actuator is an actuator that uses both electricity and hydraulics to create motion. This type of actuator is often used in industrial applications, where it is necessary to create a lot of force or torque. The importance of electro hydraulic actuators lies in their ability to provide high levels of force or torque while consuming relatively little power.
Control Type Electrohydraulic Actuator:
The global control type electrohydraulic actuator market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand in various end-use industries including oil & gas, power generation, manufacturing, aerospace & defense and automotive. The rising need for enhanced operational efficiency across these industries has led to a surge in demand for advanced hydraulic systems that incorporate control type electrohydraulic actuators as prime components.
Switch Type Electrohydraulic Actuator:
The switch type electrohydraulic actuator is used in the end-use industries such as oil & gas, power generation, and mining. It's major application includes pressure control system in hydraulic systems. The product has a wide range of applications including valve position sensing, flow monitoring and controlling shut-off valves to actuating nozzles for fluid movement along with force measurement on shafts.
Application Insights:
The oil and gas segment dominated the global market in 2017. The growth of this application can be attributed to the rising demand for hydraulic actuators in shale gas production, deepwater drilling, and onshore oil fields. Furthermore, increasing investments by companies such as Schlumberger Limited (SLB), Halliburton Inc., Baker Hughes Inc., and General Electric Company are expected to drive the product demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for oil and gas, power, and other industrial applications in countries such as China, India, Japan, South Korea. In addition rising investments in infrastructure development are also likely to drive product demand across this region.
The Asia Pacific market was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing high growth opportunities offered by end-use industries including energy & power; construction; transportation & logistics; water management etc., especially across emerging economies such as China and India which have been witnessing strong economic growth over the past few years due primarily increased domestic consumption of energy along with rapid industrialization that has resulted into growing requirement for various types of machinery including pumps among others).
Growth Factors:
- Increasing demand for electro hydraulic actuators in the automotive industry for power steering and braking systems.
- Growing demand from the construction and mining industries for actuation of valves, gates, and other heavy equipment.
- Rising popularity of electro hydraulic actuators in renewable energy applications such as wind turbines and solar panels.
- Advances in technology that have led to smaller, more efficient actuators with longer life spans.
- Increased awareness among end users about the benefits of using electro hydraulic actuators over traditional pneumatic or electric actuators
Scope Of The Report
Report Attributes
Report Details
Report Title
Electro Hydraulic Actuator Market Research Report
By Type
Control Type Electrohydraulic Actuator, Switch Type Electrohydraulic Actuator
By Application
Oil and Gas, Power, Industrial, Others
By Companies
Emerson, Rotork, Rexa, HOERBIGER, RPMTECH, KOSO, Voith, Moog, Zhongde, SAMSON, Emerson, Woodward, Reineke, Rotex, Bell, Huadian
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Electro Hydraulic Actuator Market Report Segments:
The global Electro Hydraulic Actuator market is segmented on the basis of:
Types
Control Type Electrohydraulic Actuator, Switch Type Electrohydraulic Actuator
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Power, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Rotork
- Rexa
- HOERBIGER
- RPMTECH
- KOSO
- Voith
- Moog
- Zhongde
- SAMSON
- Emerson
- Woodward
- Reineke
- Rotex
- Bell
- Huadian
Highlights of The Electro Hydraulic Actuator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Control Type Electrohydraulic Actuator
- Switch Type Electrohydraulic Actuator
- By Application:
- Oil and Gas
- Power
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electro Hydraulic Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electro hydraulic actuator is a type of electric motor that uses electricity to generate motion. Electro hydraulic actuators use an electric current to power a fluid piston, which in turn moves the arm or other component.
Some of the major players in the electro hydraulic actuator market are Emerson, Rotork, Rexa, HOERBIGER, RPMTECH, KOSO, Voith, Moog, Zhongde, SAMSON, Emerson, Woodward, Reineke, Rotex, Bell, Huadian.
The electro hydraulic actuator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electro Hydraulic Actuator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electro Hydraulic Actuator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electro Hydraulic Actuator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electro Hydraulic Actuator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electro Hydraulic Actuator Market Size & Forecast, 2018-2028
4.5.1 Electro Hydraulic Actuator Market Size and Y-o-Y Growth
4.5.2 Electro Hydraulic Actuator Market Absolute $ Opportunity
Chapter 5 Global Electro Hydraulic Actuator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electro Hydraulic Actuator Market Size Forecast by Type
5.2.1 Control Type Electrohydraulic Actuator
5.2.2 Switch Type Electrohydraulic Actuator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electro Hydraulic Actuator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electro Hydraulic Actuator Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Power
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electro Hydraulic Actuator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electro Hydraulic Actuator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electro Hydraulic Actuator Analysis and Forecast
9.1 Introduction
9.2 North America Electro Hydraulic Actuator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electro Hydraulic Actuator Market Size Forecast by Type
9.6.1 Control Type Electrohydraulic Actuator
9.6.2 Switch Type Electrohydraulic Actuator
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electro Hydraulic Actuator Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Power
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electro Hydraulic Actuator Analysis and Forecast
10.1 Introduction
10.2 Europe Electro Hydraulic Actuator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electro Hydraulic Actuator Market Size Forecast by Type
10.6.1 Control Type Electrohydraulic Actuator
10.6.2 Switch Type Electrohydraulic Actuator
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electro Hydraulic Actuator Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Power
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electro Hydraulic Actuator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electro Hydraulic Actuator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electro Hydraulic Actuator Market Size Forecast by Type
11.6.1 Control Type Electrohydraulic Actuator
11.6.2 Switch Type Electrohydraulic Actuator
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electro Hydraulic Actuator Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Power
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electro Hydraulic Actuator Analysis and Forecast
12.1 Introduction
12.2 Latin America Electro Hydraulic Actuator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electro Hydraulic Actuator Market Size Forecast by Type
12.6.1 Control Type Electrohydraulic Actuator
12.6.2 Switch Type Electrohydraulic Actuator
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electro Hydraulic Actuator Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Power
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electro Hydraulic Actuator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electro Hydraulic Actuator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electro Hydraulic Actuator Market Size Forecast by Type
13.6.1 Control Type Electrohydraulic Actuator
13.6.2 Switch Type Electrohydraulic Actuator
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electro Hydraulic Actuator Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Power
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electro Hydraulic Actuator Market: Competitive Dashboard
14.2 Global Electro Hydraulic Actuator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 Rotork
14.3.3 Rexa
14.3.4 HOERBIGER
14.3.5 RPMTECH
14.3.6 KOSO
14.3.7 Voith
14.3.8 Moog
14.3.9 Zhongde
14.3.10 SAMSON
14.3.11 Emerson
14.3.12 Woodward
14.3.13 Reineke
14.3.14 Rotex
14.3.15 Bell
14.3.16 Huadian
