Covid-19 Impact on Actuator market

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Covid-19 Impact on Actuator market Research
Report By Forecast 2025
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
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Covid-19 Impact on Actuator market Forecast To
2025
Covid-19 Impact on Actuator market Forecast To
2025
As per Market Research Future (MRFR)s analysis,
the global Covid-19 Impact on Actuator market is
poised to expand at a CAGR of 5.23 during the
forecast period. The growth of the automotive
sector is likely to influence the expansion of
the market positively through the assessment
period. In addition, the shift witnessed towards
the electric cars is also expected to expedite
the growth of the Covid-19 Impact on Actuator
market over the next couple of Years. The boosted
sales of passenger cars and commercial vehicles
is anticipated to augment the market size and
valuation in the years to come.
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Covid-19 Impact on Actuator market Forecast To
2025
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Covid-19 Impact on Actuator market Forecast To
2025

• The rising investments in technological
  innovations is prognosticated to unleash new
  growth opportunities into the Covid-19 Impact on
  Actuator market over the next few years.
• The growing demand for lightweight components is
  anticipated to propel the expansion of the
  Covid-19 Impact on Actuator market across the
  assessment period. The standard fuel emission
  norms are projected to favor the expansion of the
  Covid-19 Impact on Actuator market in the
  upcoming years. However, the pricing policies of
  the components is anticipated to check the
  expansion of the Covid-19 Impact on Actuator
  market in the foreseeable future.

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Covid-19 Impact on Actuator market Forecast To
2025
Global Covid-19 Impact on Actuator market
Segmented on the basis of
By type, the global Covid-19 Impact on Actuator
market has been segmented into market has been
segmented as pneumatic, electric, hydraulic,
mechanical, and others. Among these, the electric
segment presently accounts for the maximum share
of the global market and is projected to strike
the highest CAGR of 5.61 during the review
period. The growth of the segment can be ascribed
to the cost effectiveness of the electric
actuators. By End-User, the Covid-19 Impact on
Actuator market has been segmented into
automotive, oil gas, aerospace defense,
pharmaceutical, power, food beverages,
chemicals, water wastewater and mining
metals. Among these, the automotive segment has
the dominant share of the market and is poised to
strike a relatively higher CAGR of 6.11 during
the forecast period. The rising demand for
automobiles is likely to influence the expansion
of the segment positively.
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Covid-19 Impact on Actuator market Forecast To
2025
Global Covid-19 Impact on Actuator market -
Geographical Analysis
The global Covid-19 Impact on Actuator market, by
region, has been segmented into Americas, Europe,
Asia Pacific and the Middle East Africa. Asia
Pacific exhibits tremendous potential for growth
and is poised to expand significantly over the
assessment period. The regional market is
expected to strike a relatively higher CAGR of
5.93 during the projection period. The growth of
the automotive sector in the major country-level
markets such as India, China, Japan, etc. are
expected to boost the growth trajectory of the
Covid-19 Impact on Actuator market in the region.
Furthermore, the consolidation of manufacturing
facilities in the region is anticipated to
augment the market across the review period. The
availability of low-cost labor and comparatively
simpler norms are encouraging the establishment
of these plants in the region. Meanwhile,
Americas is anticipated to register a CAGR of
5.21 over the next couple of years. The rising
investments in research developments is likely
to have a favorable impact on the expansion of
the market.
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Covid-19 Impact on Actuator market Forecast To
2025
Global Covid-19 Impact on Actuator market -
Competitive Analysis

• Some of the key players operating in the Covid-19
  Impact on Actuator market are Eaton Corporation
  plc (Ireland), The Emerson Electric Company
  (U.S.), Schlumberger company (U.S.), Festo AG
  Co. KG (Germany), Honeywell International Inc.
  (U.S.), SAMSON AG (Germany), KITZ Corporation
  (Japan), Flowserve Corporation (U.S.), Rotork
  plc. (Japan), and SMC Corporation (Japan).
• Industry News
• In January 2019, Eicher Trucks Buses, part of
  VE Commercial Vehicles, has announced the launch
  of 16-tonne truck with Automated Manual
  Transmission (AMT) technology. The truck is
  equipped with Intelligent Shift Control Actuator.

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