Actuators Market Size, Share, Growth, Trends and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Actuators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global actuators market grew at a CAGR of around 8% during 2014-2019. An actuator is a mechanical component that assists in converting energy into motion and controls machinery equipment and systems. The device usually works on hydraulic and pneumatic forces and can be operated manually, electronically or through a software program. Actuators move in linear and rotary motions. The linear motion converts energy for positioning other equipment and subsequently perform push and pull function. On the other hand, rotary motion provides movement to various ball and butterfly valves. Actuators are most commonly used in the form of electric motors, solenoids, hard drive stepper motors and comb drivers and find extensive applications across various sectors like oil and gas, power generation, chemicals, food & beverages, metals & mining, automotive, aerospace, etc. Looking forward, IMARC Group expects the global actuators market to continue its moderate growth during the next five years.

Rapid industrialization is one of the key factors driving the growth of the market. Furthermore, technological advancements in the automotive industry, such as the introduction of Advanced Driver Assistance Systems (ADAS) have significantly enhanced the utilization of actuators. The rising trend of automation across various industries is another major growth-inducing factor. The implementation of the Internet of Things (IoT) has facilitated automation of actuators for enhanced productivity and reduced downtime in the industrial and manufacturing units. They provide high precision and control, along with reduced noise creation and fuel leakages. Moreover, an increasing number of aircraft carriers are being equipped with actuators on each wing to maintain efficient flight at low airspeeds, thereby driving the product demand. Other factors, including product innovations such as the development of actuators with low carbon emissions and extensive research and development (R&D), are also augmenting the growth of the market.

IMARC Group’s latest report provides a deep insight into the global actuators market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the actuators market in any manner.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Product:
- Linear Actuators
  - Rod Type
  - Screw Type
  - Belt Type
- Rotary Actuators
  - Motors
  - Bladder and Vane
  - Piston Type
Market Breakup by Type:
- Electric
- Pneumatic
- Hydraulic
- Mechanical
- Others
Market Breakup by End Use Industry:
- Oil and Gas
- Power Generation
- Chemicals
- Food and Beverages
- Metals and Mining
- Automotive
- Aerospace and Defense
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Rockwell Automation, Moog Inc., Emersion Electric, ABB, SMC Corporation, IMI PLC, Flowserve, Altra Industrial Motion, Cedrat Technologies, DVG Automation, Festo, MISUMI Group Inc., Harmonic Drive LLC, Kinitics Automation, Venture Mfg. Co., etc.

Key Questions Answered in This Report:

How has the global actuators market performed so far and how will it perform in the coming years?
What are the key regional markets in the global actuators industry?
What has been the impact of COVID-19 on the global actuators industry?
What is the breakup of the market based on the product?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global actuators industry?
What are the key driving factors and challenges in the global actuators industry?
What is the structure of the global actuators industry and who are the key players?
What is the degree of competition in the global actuators industry?