Electrohydraulic Actuator Market is estimated to be US$ 472.79 Million by 2030 with a CAGR of 4.3% during the forecast period

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Published Date: April 2024

The Electrohydraulic Actuator Market accounted for US$ 310.29 Million in 2020 and is estimated to be US$ 472.79 Million by 2030 and is anticipated to register a CAGR of 4.3%. Electro-Hydrostatic actuators (EHAs), replace hydraulic systems with self-contained actuators operated solely by electrical power. EHAs eliminate the need for separate hydraulic pumps and tubing, because they include their own pump,simplifying system architectures and improving safety and reliability. This technology originally was developed for the aerospace industry but has since expanded into many other industries where hydraulic power is commonly used.

The report " Electrohydraulic Actuator Market, By Type (Control Electrohydraulic Actuator, Switch Electrohydraulic Actuator), By Application (Oil and Gas, Power, Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

Moog has substantial history flying three actuation technologies - electromechanical, electrohydraulic and electrohydrostatic - for all stages of a rocket. Actuators can be combined with controllers for a thrust vector control (TVC) system solution.
On 24^th July 2020, Cowan Dynamics has announced the release of their newly expanded E2H Series, Electro-Hydraulic Linear Valve Actuator. The electro-hydraulic actuator combines the best of both worlds of electric actuators and hydraulic actuators for control valve automation.

Analyst View:

Wide area of applications drives the market, such as in various industries, namely, agriculture, household and entertainment, construction, electronics and electrical, marine, aerospace and defense, chemicals, paper and plastics, oil & gas, food and beverages, and healthcare. Linear actuators are an important part of day-to-day life. They are specifically used for applications such as material handling, robotics, food and beverages, window automation, cutting equipment, agricultural machinery, solar panel and valve operations, and non-industrial applications.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Electrohydraulic Actuator Market, By Type (Control Electrohydraulic Actuator, Switch Electrohydraulic Actuator), By Application (Oil and Gas, Power, Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Market Insights from the report:

Electrohydraulic Actuator Market accounted for US$ 310.29 Million in 2020 and is estimated to be US$ 472.79 Million by 2030 and is anticipated to register a CAGR of 4.3%. The Electrohydraulic Actuator Market is segmented based on the Type, Application and region.

By Type, the Electrohydraulic Actuator Market is segmented into Control Electrohydraulic Actuator, Switch Electrohydraulic Actuator.
By Application, the target market is segmented into Oil and Gas, Power, Industrial.
By region, the Electrohydraulic Actuator Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

Key players in the electrohydraulic actuator market include, Emerson Electric Co., Rotork plc, HOERBIGER Holding AG, Nihon KOSO Co.Ltd., Moog Inc., Samson Controls (China) Co.Ltd., Woodward Inc., Rotex Automation Limited, Siemens Aktiengesellschaft, and Parker-Hannifin Corporation.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered