Actuators Market:
Growth Opportunities in the Actuators Market look promising over the next six years. This is mainly due to the rising requirement for greater control of flexibility, improved positioning performance, rapid industrialization, enhanced energy efficiency, increased automation for process in various industry verticals, and maintained robustness and reliability of existing technologies.
Actuators Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global actuators market is predicted to witness an upsurge in demand during the forecast period due to the increasing investments in automation for process in various industry verticals and rapid industrialization. The rising requirement for greater control on the flexibility, improved positioning performance, enhanced energy efficiency, and maintained robustness and reliability of existing technologies is another factor that will have a positive influence on the market’s demand. Moreover, the strong demand for robots, rapid technological advancements in actuators, growing population, and rising investments for the development of new infrastructure are surging the demand for the actuators market size in the coming years. As per the actuators market report, industries are emphasizing automating their operations for smooth functioning and better productivity with efficiency. Increasing urbanization and manufacturing cost-effective actuators will further lead to an upsurge in demand for actuators in the market. On the other hand, the increased maintenance cost and competitive pricing landscape will hinder the growth of the actuators market share in terms od revenue.
Actuation Segment Drivers
Based on actuation, electrical actuation is predicted to rise at a higher CAGR in the coming years due to its improved precision control positioning and reduced noise production, among others. This kind of actuation offers benefits like no fluid leaks because of which it is bringing no danger to the environment, good repeatability, followed by smooth operation, and has the capability to be modified for almost any purpose or force needed with fully controlled motion profiles. When balanced with proper maintenance, it can last for a long time with reliability and reduce maintenance and operating cost.
Type Segment Drivers
Based on type, the linear actuator is predicted to rise at a higher CAGR in the coming years due to less space needed, easy installation, cost-effective usage, and increased reliability. These kinds of actuators provide various benefits, such as better design efficiency, less production time, and improved quality, making their enhanced adoption in various sectors like production machinery, transportation, manufacturing, among others, coupled with the strong demand for industrial automation is fuelling the demand for such actuators in the market over the coming years.
Actuators Market’s leading Manufacturers:
- Moog
- Curtiss Wright
- Rockwell Automation
- SMC
- IMI PLC
- ABB
- Tolomatic
- Altra Industrial Motion
- IAI
- Venture Mfg. Co.
- SKF
- Kollmorgen
- Nook Industries Inc.
- Harmonic Drive LLC
- Misumi Group Inc.
Actuators Market Segmentation:
Segmentation by Actuation:
- Pneumatic
- Hydraulic
- Electrical
- Others
Segmentation by Type:
- Rotary Actuators
- Linear Actuators
Segmentation by Application:
- Robotics
- Industrial Automation
- Vehicles & Equipment
Segmentation by Valves:
- Globe Valves
- Ball Valves
- Butterfly Valves
- Safety Valves
- Plug Valves
- Other
Segmentation by Vertical:
- Oil & Gas
- Power Generation
- Food & Beverages
- Metal, Mining & Machinery
- Chemicals, Paper & Plastics
- Automotive
- Pharmaceutical & Healthcare
- Aerospace & Defense
- Construction
- Agriculture
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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