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.
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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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