the global actuators market is estimated to be $37.38 billion in 2014, and it is expected to grow at a CAGR of 8.00% to reach $54.93 billion by 2019.
The actuators market overall has numerous competitors in each sector such as industry automobile, health care, aerospace & defense, marine, and mining. The primary market players are from the U.S. and Europe; the players from these regions have the technical know-how and have the capability to bring refreshed applications in the market. The current trend of the market is the technology advancement in actuators, which will increase the efficiency and effectiveness of the product.
Latest technology advancements in the actuators market are as follows:
Electric actuators are expected to replace hydraulic and pneumatic actuators used in medical industry due to its reliability and operational effectiveness. Latest technology in piezoelectric actuators offers number of advantages regarding precise control of medical device application. These actuators are more compact, required lower voltage, deliver higher torque and generate less heat.

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