Global Industrial Actuators Services Market 2018-2022: Growing Retrofitting Activities to Modernize Existing Actuators Driving Growth

April 16, 2018 | By forimmediaterele | Filed in: Press Releases.

Travel & Tourism Industry release:

The Global Industrial Actuators Services Market to grow at a CAGR of 4.21% during the period 2018-2022.

Global Industrial Actuators Services Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

An actuator is a type of motor that is responsible for moving or controlling a mechanism or system. A source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure, is used to operate an actuator. The actuator converts the energy into motion. Actuators connected to valves are only considered in this report.

According to the report, one driver in the market is the growing retrofitting activities to modernize existing actuators. One trend affecting this market is the maintenance of long service contracts for actuators. Further, the report states that one challenge that might affect market growth is the increasing adoption of predictive maintenance through IIoT.

Key vendors

  • Emerson Electric
  • Flowserve
  • Honeywell
  • Rotork
  • Weir

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

PART 05: MARKET SIZING 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Global industrial actuators repair, maintenance, and consulting services market
  • Global industrial actuators commissioning and calibration services market
  • Global industrial actuators retrofit services market

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Oil and gas industry
  • Chemical and petrochemical industry
  • Power industry
  • Water and wastewater treatment industry
  • Metal and mining industry
  • Others
  • Market opportunity by end-user

PART 10: MARKET SEGMENTATION BY SERVICE PROVIDERS

  • Global industrial actuators service market by OEM service providers
  • Global industrial actuators service market by third-party service providers

PART 11: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Market opportunity

PART 12: DECISION FRAMEWORK

PART 13: DRIVERS AND CHALLENGES

PART 14: MARKET TRENDS

  • Maintaining long service contracts for actuators
  • Evolution in automation industry
  • Emergence of spare parts and services businesses for industrial components

PART 15: VENDOR LANDSCAPE

PART 16: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/83pttw/global_industrial?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
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Cision View original content:http://www.prnewswire.com/news-releases/global-industrial-actuators-services-market-2018-2022-growing-retrofitting-activities-to-modernize-existing-actuators-driving-growth-300630264.html

SOURCE Research and Markets

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