Actuators Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Motion (Linear and Rotary), By Type (Hydraulic, Pneumatic, Electric, and Others), By End-Use Industry (Aerospace & Defense, Automotive, Construction, Chemicals, Food & Beverages, Healthcare & Pharmaceuticals, Marine, Mining, Oil & Gas, Power Generation and Others), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationActuators Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Motion (Linear and Rotary), By Type (Hydraulic, Pneumatic, Electric, and Others), By End-Use Industry (Aerospace & Defense, Automotive, Construction, Chemicals, Food & Beverages, Healthcare & Pharmaceuticals, Marine, Mining, Oil & Gas, Power Generation and Others), By Region
Global actuators market
Additionally, it is expected that a surge in industrial automation would fuel market expansion.
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.
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.
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
Recent Development
- High-performancePROFOX actuator series with cutting-edge characteristics were introduced byAUMA in May 2020. It is intelligent by default, inexpensive to run, verymechanically efficient, and small in size. It is appropriate for many differentindustries, including shipbuilding, water treatment, combined heat and powerplants, 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) |
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