Actuators Market Growth Factors, Developments and Forecast 2027

 

An actuator is a part of a device or machine that converts energy (typically electrical, air, or hydraulic) into mechanical force so that it can perform physical movements. To put it simply, it is the component of a machine that allows it to move. Hydraulic and pneumatic forces are frequently used to power the equipment, which can be controlled manually, electronically, or via software. Actuators can move in two directions: linear and rotational. The linear motion converts energy into position and push and pull functions for other equipment. Rotary motion, on the other hand, enables the movement of various ball and butterfly valves.

Actuators Market Report Scope and Research Methodology:

The report includes an in-depth analysis of the strategies of the industry's leading players, as well as a thorough examination of the various market segments and geographies. SWOT analysis was used to determine the Actuators key players' strengths and weaknesses. A comprehensive analysis of Actuators market dynamics, including drivers, restraints, opportunities, and challenges, is provided for each region and segment.  The Actuators Market report also includes figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins. For accurate inferences, the data collected through primary and secondary research and analysed by SMR analysts on Actuators Market was combined. To gather information for the Actuators Market report on critical factors such as market trends and market dynamics. Primary interviews were conducted to gather information on size, growth trends, competitive landscape, outlook, and so on, while secondary information was gathered from sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases, and free databases. To estimate the and regional Actuators Market size, the bottom-up approach was used.

Actuators Market Report Overview:

The study is based on major company forecasts as well as Actuators Market statistics. During the forecast period, the Actuators Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.

Actuators Market size was valued at US$ 42.68 Bn. in 2020. The global Actuators Market is estimated to grow at a CAGR of 9.81 % over the forecast period.

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Actuators Market Regional Analysis:

  • The primary geographic condition of the market, as well as segments and sub-segments, are investigated in the Actuators Industry Research. The report describes the current state of the regional market in terms of market size, share, and volume. The Actuators market report includes an examination of all regions:
  • Europe
  • North America
  • Asia-Pacific
  • the Middle East and Africa
  • Latin America

Actuators Market Segmentation:

The Actuators Market is divided into two types based on motion: linear and rotary. In 2020, the Linear segment held a 63.88% market share. The growing use of linear motion actuators in packing machines, medical equipment, production machinery, transportation, and aerospace and defence industries around the world is driving segment growth. Some of the major factors driving the actuator market growth for linear actuators are rising demand for fuel-efficient vehicles, stringent environmental regulations, rising automation in emerging economies, and the growing need to improve combustion control, increase reliability, and reduce production costs in manufacturing sectors.

The Actuators Market is divided into four types: electric actuators, mechanical actuators, pneumatic actuators, and hydraulic actuators. The Hydraulic Actuators segment dominated the market in 2020, accounting for 36.79% of the total. Because of their robust construction and integrated backup in case of failure, hydraulic actuators are increasingly being used in heavy equipment used for construction, mining, agriculture, and other applications. As a result, these factors are propelling the actuator market's segment growth.

During the forecast period, the Electric Actuators segment is expected to grow at a significant rate of 8.93% CAGR. Because of their high speed, electric actuators are widely used in automotive applications. Electrical actuators provide increased control and acceleration at high speeds. The thrust force can be programmed without the need for compressed air or the associated infrastructure, and these actuators use very little energy overall.

Actuators Market Key Players:
ABB (Switzerland)
Rockwell Automation (US)
Altra Industrial Motion (US)
Moog (US)
SMC (Japan)
Curtis Wright (Exlar) (US)
MISUMI (Japan)
ZF Friedrichshafen AG (Germany)
HELLA KGaA (Germany)
Continental AG (Germany)
Denso Corporation (Japan)
Delphi Automotive plc (Ireland)
Magna International (Canada)
Borg Warner Inc. (US)
Johnson Electric (Hong Kong)
Nidec Motors & Actuators (Japan)
Eaton Corporation plc (Ireland

Key Questions answered in the Actuators Market Report are:

  • What is Actuators Market?
  • What will be the CAGR of the Actuators market during the forecast period?
  • Which region held the largest Actuators market share?
  • What are the factors driving the Actuators market growth?
  • What are the opportunities for the Actuators Market?
  • What factors are restraining the Actuators market growth?
  • Which company held the largest share in the Actuators market?
  • What key trends are likely to emerge in the Actuators market in the coming years?
  • Which segment of the Actuators market is expected to grow at a high rate during the forecast period?

Key offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size & Forecast by different segment
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments and sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective

           Competitive landscape – Market Leaders, Market Followers, Regional player

           Competitive benchmarking of key players by region

  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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