The North America linear actuators market holds an immense promise of growth in the near future. Transparency Market Research (TMR), a market intelligence company, estimates that the market will exhibit a promising 6.9% CAGR over the period between 2016 and 2024. If the prediction holds true, the market, with a valuation of USD $2,893.5 million in 2015, will rise to USD $5,236.6 million by 2024.
The North America linear actuators market is chiefly driven by the favorable rise in industrial automation across all industries such as automotive, oil & gas, fluid and defense in the region. Additionally, the significant rise in demand for efficient water and wastewater management is also predicted to drive the application of a variety of linearly actuated valves at an exponential rate in the region.