US: 1.646.568.9797 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
Global Electrohydraulic Actuator Market Overview An actuator is a device that uses power to convert a control signal into a mechanical motion. These actuators are useful devices that used from electric door locks in automobiles to ailerons on aircraft. Moreover, industrial plants use actuators to operate valves, dampers, fluid couplings, and other devices in industrial process control. These actuators use air, hydraulic fluid, or electricity for motive power, which are referred to as pneumatic, electro-hydraulic, or electric actuators. Electrohydraulic Actuators (EHAs) operate a piston with pressurized oil, and it replaces hydraulic systems with self-contained actuators operated solely by electrical power. EHAs eliminates the need for separate hydraulic pumps and tubing results into simplifying system architectures and improving safety and reliability. Although, EHA technology was initially developed for the aerospace industry, over time several industries adopted electrohydraulic power for various purposes. The combination of electronic and hydraulic technology is becoming one of the successful techniques, especially for electrohydraulic actuators. Advancements in transducer logic and control capabilities have resulted in cylinders that transmit high forces with a high degree of positioning accuracy. However, the key to the operation of these actuators is the feedback system. There are various feedback systems, both mechanical and electrical, which are used that depend upon accuracy and durability. Most of the electrohydraulic actuators include a closed hydraulic system consisting of an electrical drive motor, a pump, and a hydraulic cylinder with a plunger and actuator stem. The key performance characteristics of electrohydraulic actuators:
Electrohydraulic actuators designed with these characteristics provide the following significant advantages:
- Precise, repeatable positioning typically better than 0.15% of span.
- The ability to start and stop instantaneously without dead time or position overshoot.
- Continuous duty rating without limitations on the number of starts per minute.
- Minimal periodic maintenance required.
Global electrohydraulic actuator market can be segmented based on product type, application, and regions. Based on the product type, the global electrohydraulic actuator market can be segmented into a control electrohydraulic actuator and switch electrohydraulic actuator. Among the equipment segments, the control electrohydraulic actuator segment is expected to account for the majority revenue shares of the global market and is projected to register the highest CAGR over the forecast period. Among the regions, the North America region is expected to show the highest market revenue over the forecast period. What are the growth drivers for Global Electrohydraulic Actuator Market? There is a strong demand for electrohydraulic actuators from several end-use sectors such as marine (non-military), medical, turf equipment, defense, construction equipment, energy & power, agriculture machinery, and material handling equipment. The primary reasons behind its adoption in these industries are due to its practical benefits such as the ability to follow demand signal from the controller precisely and instantly, and a high degree of maintenance-free reliability. These factors are resulting in the overall growth of the global electrohydraulic actuator market. EH actuators combine the infrastructure simplicity of electric power with the advantages of piston-type actuators, including mechanical fail-safe action, high operating speeds, and high operating torques. They also offer vital advantages of hydraulic actuators, such as reduced footprints when automating huge valves and high precision modulating and positioning capability. These factors are owing to flourish the usage of electrohydraulic actuators and resulted in growing production and sales of the particular market. In small and medium valves in remote locations, improving solar panel technologies are making solar-powered electrohydraulic a viable option as solar energy is one of the cleanest and most abundant renewable energy sources currently available. Australia is leading the way on coal seam gas applications. High investments and manufacturing costs of electrohydraulic actuators and its components is one of the major restraining factors of this market. These actuators are equipped with various small components such as linear transducers, hydraulic amplifiers, rotary encoders, hall-effect sensors, and mechanical feedback systems that are bundled in very congested places and require elegant construction without any mistakes. It requires skilled and well-trained labors for manufacturing, and testing is a must before further sale, which will hinder the surge of the electrohydraulic actuator market. Citing an exponential rise in confirmed cases of COVID-19, governments in several countries have enacted nationwide lockdowns and social distancing regulations to break the trajectory of the virus. As a consequence, market players are shutting down production/ manufacturing operations, either totally or partially, in the short term, due to the scarcity of raw materials and workforce labor. However, the global electrohydraulic actuator market is slated for fast recovery post the containment of this crisis, as various end-use industries will be looking to resume business operations as quickly as possible. There is expected to be an anticipated surge in demand for electrohydraulic actuator applications in various industries. The enforcement of stringent regulations by respective governments on the manufacturing and usage of the electrohydraulic actuator is another controlling factor that restricts market growth. According to the International Society of Automation (ISA), ISA96.06, EHAs require inclusion of guidelines, recommendations, and methods for sizing, design, diagnostics, control, and testing. What are the identified Opportunities in Global Electrohydraulic Actuator Market? The industry has started using the EHA system for exoskeleton robots, which are used in industrial applications to carry heavy loads that are difficult to perform using human strength. The EHA system can solve the problems of electric exoskeleton robots and hydraulic exoskeleton robots as the robot’s knee joint are equipped with a cylinder, not a motor that does not need an additional reducer. Also, the hydraulic circuit is simple. As a result, the size and weight can be reduced, and the maintenance is easy. These factors will create a noteworthy opportunity for the global electrohydraulic actuator market in upcoming years. Rapid industrialization, especially in emerging economies such as India, China, and Southeast Asian countries, is boosting the revenue growth of the electrohydraulic actuator market as several key players are shifting their manufacturing facilities in Asia-Pacific regions. Also, robust growth of the oil & gas industry in the Middle East region provides a significant breakthrough for the electrohydraulic actuator market globally. Owing to the manufacturing requirement of electrohydraulic actuators, various researchers are trying to develop a smart electrohydraulic actuator. This will increase market penetration and create future opportunities for electrohydraulic actuators in the near future. Governments are contemplating to increase the recognition of electrohydraulic actuator related technologies across the globe. Also, increasing investments towards electrohydraulic actuator manufacturing is expected to present lucrative opportunities for newer market entrants, as well as existing players. The identification and further penetration of untapped markets are expected to increase the market presence of companies in this industry on a global scale. What are the observed trends in Global Electrohydraulic Actuator Market? Western Europe is leading the global gradual conversion of pipeline actuators from gas-powered to electrohydraulic for environmental reasons. In many cases, the EHAs have electric power supply rather than solar, both for climatic and power draw reasons. It is possible because of smaller pipeline networks, mature and distributed supporting infrastructure across the territories impacted, and higher social value given to environmental factors that drive political and regulatory decisions in the direction of green solutions. It results in the increasing adoption of electrohydraulic actuators in the forthcoming years. Trends have indicated that companies are strengthening their position in the market through mergers & acquisitions of other businesses with core competencies in the various sectors such as oil & gas, medical, electronics, robotics, and others. This approach is beneficial as it allows companies to improve their research & development efforts, and to magnify their customer bases by expanding sales and distribution networks. Growing investments and collaborations of various key players towards the business expansion and production of electrohydraulic actuators are projected to foster positive market growth over the forecast timeframe. Global Electrohydraulic Actuator market size is USD $307 Million in 2020, growing at a CAGR of 3.4% 2021-2026. In 2020, the Global Control Electrohydraulic Actuator market size is USD $230 Million while the Switch Electrohydraulic Actuator market size is USD $77 Million. In this report, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for the Electrohydraulic Actuator. This report studies the global market size of the Electrohydraulic Actuator especially focuses on key regions like the United States, European Union, China, and other regions (Japan, Korea, India, and Southeast Asia). This study presents the Electrohydraulic Actuator production, revenue, market share, and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue, and market share) by regions, types, and applications. history breakdown data from 2015 to 2020, and forecast to 2026. For top companies in United States, European Union, and China, this report investigates and analyzes the production, value, price, market share, and growth rate for the top manufacturers, key data from 2015 to 2020. Segmentation by Actuator Type:
- Very high actuator thrusts attainable.
- Relatively high control rate (stroking speed) possible.
- High rigidity (travel stiffness) dampens oscillations of the valve stem.
- Automatic failure position in case of auxiliary energy loss.
Segmentation by Application Sector"
- Control Electrohydraulic Actuator
- Switch Electrohydraulic Actuator
Key Market Players included in the report:
- Oil and Gas
1 Report Overview 1.1 Research Scope 1.2 Major Manufacturers Covered in This Report 1.3 Market Segment by Type 1.3.1 Global Electrohydraulic Actuator Market Size Growth Rate by Type (2019-2025) 1.3.2 Control Type Electrohydraulic Actuator 1.3.3 Switch Type Electrohydraulic Actuator 1.4 1.4.1 Global Electrohydraulic Actuator Market Share by Application (2019-2025) 1.4.2 Oil and Gas 1.4.3 Power 1.4.4 General Industry 1.4.5 Others 1.5 Study Objectives 1.6 Years Considered2 Global Growth Trends 2.1 Production and Capacity Analysis 2.1.1 | read more...