Report Description

Global actuators market is anticipated to grow at a robust CAGR during the forecast period. The increased use of actuators in heavy machinery across numerous automotive and auto industries has led to an increase in actuator demand. Global acceptance of mechanical advancement in automotive and electrical production is rising. Furthermore, there has been a rise in the demand for novel actuator types that are pertinent to the discipline of electrical engineering, hence driving growth in the global actuators market.

Additionally, it is expected that a surge in industrial automation would fuel market expansion.. Another element driving demand for industrial automation is the expanding global population. Manufacturers automate the process that aids in the mass production of products in order to meet the demands of the growing population, hence contributing to the actuators demand.  Moreover, the market is expected to rise due to the increasing usage of industrial robots in mechanical sectors to speed up production and reduce human error.

An actuator is a component of a machine or equipment that aids in generating mechanical force by converting energy, frequently electrical, air, or hydraulic energy. It is, to put it simply, the part of any machine that permits movement. The vibrator on the phone, domestic appliances, simple electronic access control systems, automobiles, industrial machinery, and robots are all examples of machines that utilize actuators. Electric motors, stepper motors, jackscrews, electric muscle stimulators in robots, etc. are typical examples of actuators.

Rapid Use of Smart Actuators in Industries to Stimulate Growth

The latest advancement in the market is the introduction of cutting-edge technologies to create smart actuators. An integrated system of sensors, motors, communication devices, and controllers is known as a smart actuator. The smart actuator that controls the robots used in numerous industries can be quickly modified, constructed, or disassembled. The field's automation and control capabilities will improve as smart actuator use increases. Smart actuators offer a number of benefits, including improved controllability and diagnostic capabilities, increased productivity and efficiency, less complexity and cabling, lower software and hardware costs, improved machine functionality, and others.


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Increase in Safety Measurements in Industries

Numerous manufacturing businesses significantly consider safety and security measures for the wellness of their workforces. Actuators aid in monitoring and controlling the flow of several chemicals, gases, and other fluids that may be dangerous to people. These actuators function to stop any undesirable circumstance that could be caused by an overflow or disruption of the flow of a fluid. Worker safety is ensured by these actuators, which operate in accordance with various criteria including pressure, temperature, or volume. As a result, the demand for actuators is driven by strict laws and regulations surrounding safe operations in any industry.

High Installation & Maintenance Costs of Hydraulic and Pneumatic Actuators to Hamper Growth

Due to the fluids they contain, hydraulic actuators are challenging to install. As a result, installing it might be expensive, especially when installing it for a large manufacturing line. It is anticipated that this may impede market expansion. Additionally, to produce the necessary output, hydraulic actuation systems employ a fluid medium like oil or water, while pneumatic actuation systems use air. The market is hampered by oil or water leaks since they harm the product, reduce its effectiveness, and raise its maintenance costs. The many actuators used in a wide range of applications have problems. Efficiency is compromised in the case of hydraulic linear actuators due to fluid leakage, which causes problems with cleanliness. Additionally, it necessitates routine inspection and upkeep of the likes of motors, release valves, fluid reservoirs, pumps, and more. Additionally, the complexity and cost are increased by the pneumatic actuators' need for proportional-sized valves, compressors, and regulators for various operations. As a result, the market  growth of actuators is hampered by key  reasons such continuous seal wear, improper assembly or maintenance, dangers related to steam valves, decreased control quality, and others.

Market Segmentation

The Global Actuators Market is segmented into motion, type, end-use industry. Based on motion, the market is segmented into linear and rotary. Based on type, the market is divided into hydraulic, pneumatic, electric, and others. Based on end-use industry, it is categorized into aerospace & defense, automotive, construction, chemicals, food & beverages, healthcare & pharmaceuticals, marine, mining, oil & gas, power generation and others.

Market Players

Major market players in the global actuators market are Eaton Corporation plc, The Emerson Electric Company, Festo AG & Co. KG, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Rotork plc., SAMSON AG, Tamagawa Seiki Co. Ltd. and SMC Corporation.

Recent Development

  • High-performance PROFOX actuator series with cutting-edge characteristics were introduced by AUMA in May 2020. It is intelligent by default, inexpensive to run, very mechanically efficient, and small in size. It is appropriate for many different industries, including shipbuilding, water treatment, combined heat and power plants, and process industries.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Motion

Type

End-Use industry

Region

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East & Africa

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Eaton Corporation plc, The Emerson Electric Company, Festo AG & Co. KG, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Rotork plc., SAMSON AG, Tamagawa Seiki Co. Ltd. and SMC Corporation.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Global Actuators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Actuators Market, By Motion

o   Linear

o   Rotary

·         Actuators Market, By Type

o   Hydraulic

o   Pneumatic

o   Electric

o   Others

·         Actuators Market, By End-Use Industry

o   Aerospace & Defense

o   Automotive

o   Construction

o   Chemicals

o   Food & Beverages

o   Healthcare & Pharmaceuticals

o   Marine

o   Mining

o   Oil & Gas

o   Power Generation

o   Others

·         Actuators Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§   China

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Actuators market.

Available Customizations:

Global Actuators market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Actuators market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Actuators Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

5.6.  Frequency of Usage of Actuators

6.    Global Actuators Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Motion (Linear and Rotary)

6.2.2.    By Type (Hydraulic, Pneumatic, Electric, and Others)

6.2.3.    By End-Use Industry (Aerospace & Defense, Automotive, Construction, Chemicals, Food & Beverages, Healthcare & Pharmaceuticals, Marine, Mining, Oil & Gas, Power Generation and Others)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America Actuators Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Motion

7.2.2.    By Type

7.2.3.    By End-Use Industry

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Actuators Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Motion

7.3.1.2.2.           By Type

7.3.1.2.3.           By End-Use Industry

7.3.2.    Canada Actuators Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Motion

7.3.2.2.2.           By Type

7.3.2.2.3.           By End-Use Industry

7.3.3.    Mexico Actuators Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Motion

7.3.3.2.2.           By Type

7.3.3.2.3.           By End-Use Industry

8.    Asia-Pacific Actuators Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Motion

8.2.2.    By Type

8.2.3.    By End-Use Industry

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Actuators Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Motion

8.3.1.2.2.           By Type

8.3.1.2.3.           By End-Use Industry

8.3.2.    India Actuators Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Motion

8.3.2.2.2.           By Type

8.3.2.2.3.           By End-Use Industry

8.3.3.    Japan Actuators Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Motion

8.3.3.2.2.           By Type

8.3.3.2.3.           By End-Use Industry

8.3.4.    South Korea Actuators Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Motion

8.3.4.2.2.           By Type

8.3.4.2.3.           By End-Use Industry

8.3.5.    Australia Actuators Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Motion

8.3.5.2.2.           By Type

8.3.5.2.3.           By End-Use Industry

8.3.6.    Singapore Actuators Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Motion

8.3.6.2.2.           By Type

8.3.6.2.3.           By End-Use Industry

8.3.7.    Malaysia Actuators Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Motion

8.3.7.2.2.           By Type

8.3.7.2.3.           By End-Use Industry

9.    Europe Actuators Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Motion

9.2.2.    By Type

9.2.3.    By End-Use Industry

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Actuators Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Motion

9.3.1.2.2.           By Type

9.3.1.2.3.           By End-Use Industry

9.3.2.    United Kingdom Actuators Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Motion

9.3.2.2.2.           By Type

9.3.2.2.3.           By End-Use Industry

9.3.3.    France Actuators Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Motion

9.3.3.2.2.           By Type

9.3.3.2.3.           By End-Use Industry

9.3.4.    Russia Actuators Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Motion

9.3.4.2.2.           By Type

9.3.4.2.3.           By End-Use Industry

9.3.5.    Spain Actuators Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Motion

9.3.5.2.2.           By Type

9.3.5.2.3.           By End-Use Industry

9.3.6.    Belgium Actuators Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Motion

9.3.6.2.2.           By Type

9.3.6.2.3.           By End-Use Industry

9.3.7.    Italy Actuators Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Motion

9.3.7.2.2.           By Type

9.3.7.2.3.           By End-Use Industry

10. South America Actuators Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1.1.     By Motion

10.2.1.2.     By Type

10.2.1.3.     By End-Use Industry

10.2.1.4.     By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Actuators Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Motion

10.3.1.2.2.         By Type

10.3.1.2.3.         By End-Use Industry

10.3.2. Argentina Actuators Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Motion

10.3.2.2.2.         By Type

10.3.2.2.3.         By End-Use Industry

10.3.3. Colombia Actuators Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Motion

10.3.3.2.2.         By Type

10.3.3.2.3.         By End-Use Industry

10.3.4. Peru Actuators Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Motion

10.3.4.2.2.         By Type

10.3.4.2.3.         By End-Use Industry

10.3.5. Chile Actuators Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Motion

10.3.5.2.2.         By Type

10.3.5.2.3.         By End-Use Industry

11. Middle East & Africa Actuators Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Motion

11.2.2. By Type

11.2.3. By End-Use Industry

11.2.4. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Actuators Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Motion

11.3.1.2.2.         By Type

11.3.1.2.3.         By End-Use Industry

11.3.2. South Africa Actuators Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Motion

11.3.2.2.2.         By Type

11.3.2.2.3.         By End-Use Industry

11.3.3. UAE Actuators Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Motion

11.3.3.2.2.         By Type

11.3.3.2.3.         By End-Use Industry

11.3.4. Israel Actuators Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Motion

11.3.4.2.2.         By Type

11.3.4.2.3.         By End-Use Industry

11.3.5. Turkey Actuators Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Motion

11.3.5.2.2.         By Type

11.3.5.2.3.         By End-Use Industry

12. Market Dynamics

12.1. Drivers

12.1.1. Increase in safety measurements in industries

12.1.2. Rapid Use of Smart Actuators in Industries to Stimulate Growth

12.1.3. Deliveries of commercial aircraft are rising, driving market expansion.

12.2. Challenges

12.2.1. High maintenance cost

12.2.2. Lack of Awareness

13. Market Trends & Developments

13.1.   Rising demand in healthcare industry

13.2.   Rise In Technological Development

13.3.   Government Initiatives

13.4.   Increased investment and R&D

14. Company Profiles

14.1.             Eaton Corporation plc

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             The Emerson Electric Company

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             Festo AG & Co. KG

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             Flowserve Corporation

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Honeywell International Inc.

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             KITZ Corporation

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             Rotork plc.

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             SAMSON AG

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.             Tamagawa Seiki Co. Ltd.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          SMC Corporation

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

15. Strategic Recommendations

1.1.  Key focus on Asia Pacific Region

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Eaton Corporation plc, The Emerson Electric Company, Festo AG & Co. KG, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Rotork plc., SAMSON AG, Tamagawa Seiki Co. Ltd. and SMC Corporation.

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The major segments in the Global Actuators Market are motion, type, end-use industry.

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Asia-Pacific is the fastest-growing region in the Actuators market due to developing economies and government initiative and rising population.

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The advantages of actuators is that they provide High power conversion efficiency, cost-effective.

profile

Sakshi Bajaal

Business Consultant
Press Release

Actuators Market to be Driven by Surging Demand From Automotive Sector

Feb, 2023

Increased demand for advanced systems in automobiles to enhance comfort and safety is expected to drive the Global Actuators Market in the forecast period, 2024-2028.