Published Date : 18 Sep 19 | Views: 200 | Industry : Machinery & Equipment
Industry to Witness Significant Growth
global electromechanical cylinders market can be segmented based on the application
as food industry (food & beverage), medical industry, automotive industry,
and others. Industrial sector and automotive industries are expected to emerge
as the key application industries in the forthcoming years owing to the fact
that these industries make extensive usage of electromechanical cylinders in
the manufacturing processes. On the basis of product, the global
electromechanical cylinders market can be segregated as <100mm/s,
100mm/s-500mm/s, 500mm/s-1000mm/s, and others. The report offers detailed
analysis regarding the product types of electromechanical cylinders, which are
projected to witness widespread application in the near future.
production of Electromechanical Cylinders to
Give Europe an Upper Hand
production of electromechanical
cylinders in Europe to act as a key factor in driving the regional market. North
America is anticipated to emerge as the largest consumer of electromechanical
cylinders in the coming years. This is attributed to presence of key end-use
industries in the region, which, in turn, is raising the demand for electromechanical
cylinders. Technological innovations and addition of advanced features in the
product are also expected to act as key factors driving the electromechanical
cylinders market in North America.
However, growth of the end-user industries such as
pharmaceutical and automotive and infrastructure development are expected to
foster the electromechanical cylinders market growth in Asia Pacific.
Moog Flo, Bosch Rexroth
AG, BJ Gear, Tsubakimoto, RACO, Tork, Mul, T, Lock, Exlar,
Parker, Venture, SKF, Linearmech, and AIM are some of the key players
operating in the global electromechanical cylinders market.
Demand for Electromechanical Cylinders among Industries to Act as a Key Driver
material handling, and automotive industries are increasingly demanding electromechanical cylinders
as they offer long life cycle and high accuracy and speed. Besides that, maintenance
cost associated with them is quite low in comparison with conventional
cylinders. Installation of electromechanical cylinders is also faster and safer,
thereby making it the most preferred among the end-use industries. These
factors are prophesied to surge the demand for electromechanical cylinders in
the forthcoming years.
In addition, high investment in innovation by the key companies and increasing number of research and development activities are expected to have a positive impact on the market growth in the near future.
For more information click: https://www.qyrconsulting.com/reports/electromechanical-cylinders-market