Traditionally, pneumatic and hydraulic cylinders
were employed to push, pull, and lift loads. With the innovation of
electromechanical cylinder, various industry requirements were met, energy
saving being one of them. Electromechanical cylinder has been gaining traction
across the globe due to its associated benefits such as high speed capability,
energy efficiency, stiffness, self-locking, and exceptional flexibility and
control. Various end-use industries are installing these equipment as they are
a cost-effective alternative to hydraulic cylinders. Companies are
manufacturing electromechanical cylinders as per the customized demand and
needs of the end-use industries. Taking into account the growth of the global
electromechanical cylinders market, QYR Consulting has shortly published a new
report named, “Global Electromechanical Cylinders Market Report,
History and Forecast 2014 - 2025.” According to the report, the global
electromechanical cylinders market was US$ 400 mn in 2018 and is expected to
reach US$ 630 mn by the end of 2025.
The market is predicted to exhibit a CAGR
of 6.0% during the forecast period of 6 years, i.e. between 2019 and 2025.
Segmental
Analysis
Automotive
Industry to Witness Significant Growth
The 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.
Request a sample of the research study here: https://www.qyrconsulting.com/request-sample/7469
Regional Coverage
High production
of Electromechanical Cylinders to Give Europe an Upper Hand
High 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.
Key Players
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.
Market Dynamic
Increasing
Demand for Electromechanical Cylinders among Industries to Act
as a Key Driver
Construction, 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.
Read Report Overview with
TOC: https://www.qyrconsulting.com/reports/electromechanical-cylinders-market
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