Global Actuators Market was valued US$ 39.20 Bn in 2019 and is expected to reach 54.80 Bn by 2027, at a CAGR of 4.28 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
An actuator is an equipment, which transforms energy into motion. It is principally used to apply a force on an entity to complete various mechanical operations.
An increase in the number of aircraft carriers, steady growth in the global automotive industry, and technical advancements in actuators are expected to propel the global actuators market growth. The rapid expansion of the manufacturing and processing industry sector, safety assurance, and less requisite of manual handling is also expected to boost the growth in the global actuators market. Furthermore, The substantial investments sustained in the development of different types of actuators are limiting the growth of the actuators market across the globel.
The linear segment is projected to lead the actuators market. The increasing requrirement in manufacturing industries to recover combustion control, increase reliability, and reduce production costs with augmented demand for fuel-efficient vehicles is expected to drive the demand for actuators. Additionally, strict environmental regulations and growing automation in emerging economies are some of the factors projected to increase demand for linear actuators during the forecast period.
The electrical segment is projected to dominate the actuators market. In the aeronautics industry, electrical actuators are used to control a wide range of operations. These actuators are used to switch and limit velocity and engine speed by adjusting levers and valves. Electrical actuators transform electrical signals to mechanical movement, which plays a vital role in controlling systems. In the aviation industry, electrical actuators attain very high dynamic forces even with low weight and fit into small spaces. These factors are expected to increase demand for an electrical actuator.
The end use segment is estimated to witness significant growth in the global actuators market during the forecast period. In the end use application, actuators are used in various industry verticals like automotive, aerospace, defense, and marine. Hydraulic actuators are mainly used in ships and submarines owing to the high load capacity systems of ships. This factor is projected to drive growth in the global actuators market.
The Asia Pacific is expected to share substantial growth in the global actuators market. The growth in the market is attributed to the Rapid urbanization and industrialization in this region. Growing investments in new infrastructure and refurbishment of existing plants are projected to favorably positively impact on actuators market growth in this region. Additionally, Growing population, technological proliferation, manufacturing plant automation and the requirement to extract natural resources from challenging locations may also drive actuators market growth during the forecast year in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global actuators market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global actuators market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
The Scope of the Report for Global Actuators Market
Global Actuators Market, by Type
• Linear Actuators
• Rotary Actuators
Global Actuators Market, by System
• Electrical
• Pneumatic
• Hydraulic
• Mechanical
• Others
Global Actuators Market, by Application
• End-Use Application
• Industrial Application
Global Actuators Market, by End-User
• Automotive
• Medical/Healthcare
• Energy and Mining,
• Steel
• Construction
• Military
• Chemical
• Others
Global Actuators Market,By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players
• Emerson Electric Co.,
• Honeywell Corporation
• Helix Linear Technologies, Inc
• Duff-Norton
• Parker Hannifin
• Eaton Corporation plc
• Actuonix Motion Devices
• Tolomatic, Inc.
• Festo AG & Co. KG
• AVK Holdings A/S.
• Flowserve Corporations,
• Tyco International Ltd
• Schlumberger Limited,
• KITZ Corporation
• Burkert Fluid Control Systems
• Tusk Direct, Inc
• Watts Water Technologies, Inc,
• Rotork Plc.
• Samson Ag
• Robert Bosch GmbH
This Report Is Submitted By Maximize Market Research Company
Author Bio
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace, and Defense, and other manufacturing sectors.
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