Engine actuators market

Engine Actuators Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 20172025

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REPORT DESCRIPTION

Engine Actuators Market Overview An actuator is a component of a machine that is used for controlling or moving a system or mechanism. An actuator requires a source of energy and a control signal, which is comparatively a low energy such as electric current or voltage, hydraulic or pneumatic pressure or sometimes human power. The main source of energy might be electric current, pneumatic pressure or hydraulic fluid pressure. The actuator converts the energy into mechanical motion when it receives the control signal.

Increasing demand for fuel-efficient vehicles is one of the major factors driving growth of the market Increasing demand for fuel-efficient vehicles is one of the major factors driving growth of the market. This is attributed to factors such as increasing dearth of conventional fuels, regulations concerning exhaust gas emissions, increasing need for safety features, and growing trend of electric vehicles. For instance, the European Union has set its own emissions standards such as EU Regulation No 443/2009 that has set an average CO2 emissions target of 130 grams/kilometer for new passenger cars. These factors led to the replacement of mechanical linkages with electrical or electronic components and demand for actuators for use in engines to enhance engine performance and fuel efficiency increased, thereby fueling growth of the engine actuators market. Š Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Global Engine Actuators Market: Taxonomy On the basis of product type, the global engine actuators market is segmented into: ➢ Digital Linear Actuators ➢ Variable Valve Timing ➢ Air Control Valves ➢ Exhaust Gas Recirculation Valves ➢ Electronic Throttle Valves ➢ Idle Speed Controllers On the basis of vehicle type, the global engine actuators market is segmented into: ➢ Commercial Vehicles ➢ Passenger Vehicles

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REPORT DESCRIPTION

Global Engine Actuators Market: Segment Trends On the basis of vehicle types, passenger vehicles segment is the fastest growing segment, owing to increasing sales of these vehicles worldwide. According to International Organization of Motor Vehicle Manufacturers, in 2016, around 70 million units of passenger cars were sold worldwide. The number of passenger cars per thousand inhabitants over the past few years have reached up to 182 per thousand inhabitants in 2015 from 178 in 2014, which is a major factor fuelling growth of passenger cars segment. Therefore, increasing sales of passenger vehicles will increase the demand for engine actuators in the vehicles, thereby driving growth of the market.

Global Engine Actuators Market: Restraint Rising popularity of electric vehicles and growing sales of vehicles utilized for sports are major factors restraining growth of the global engine actuators market. For instance, according to the International Energy Agency (IEA), over 750 thousand units of electric vehicles were sold in 2016, globally. Hence, increasing production of electric vehicles will decrease the demand for engine actuators in vehicles, as electric cars and other luxurious vehicles have high performance engines, which do not require engine actuator for engine operation.

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