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Global Actuators Market Overview

Global Actuators Market Size Was Valued at USD 47.12 Billion In 2023 And Is Projected to Reach USD 68.83 Billion By 2032, Growing at a CAGR of 4.3% From 2024 To 2032.

 

An actuator is a mechanism that transforms energy from various sources like electricity, hydraulics, or pneumatics into physical movement or power. This transformation enables actuators to carry out tasks, which are vital elements in a diverse range of uses.

  • Actuators, especially electrical ones, provide a means of high power conversion efficiency suitable for energy-saving purposes. They have the ability to function using different types of power sources and offer accurate positioning control for precise motion.
  • Actuators are capable of producing significant force and functioning at high speeds to meet the demands of robotics and heavy machinery tasks. Due to their effectiveness and minimal maintenance needs, electric actuators are both dependable and eco-friendly.
  • They can be smoothly incorporated into advanced control systems for complex control and monitoring. Actuators are made to last and offer reliable functionality even in severe environments.
  • Actuators are essential in many sectors, including automotive, aerospace, robotics, manufacturing, medical devices, agriculture, construction, consumer electronics, industrial plants, and renewable energy.

Market Dynamics And Factors of Actuators Market

Drivers:

The healthcare industry develops and produces innovative machines that require actuators and are used in medical devices such as wheelchairs, patient lifts, treatment chairs, dentist chairs, beds for medical purposes, and CT, MRI, and PT scanning instruments. The growth in the global healthcare actuator market is primarily attributed to factors such as healthcare facility expansion and the increasing elderly population. A common example is a use of moving coil actuators and control valves in ventilators to facilitate air supply to patients who cannot breathe on their own. due to lung disease, surgery, or other serious illness or accident. In addition, the RTPCR test, which is very effective in detecting the SARSCoV2 virus, uses linear actuators (they simply act as a conveyor belt) for its linear motion systems and to perform a large number of RTPCR tests that are required in emergencies such as COVID19. Linear drives support the loading, unloading, and moving of samples as well as the necessary liquid handling process in important test phases. Linear drives support sample labeling and the barcode process and can work faster and longer than humans. A leading company called MecVel uses actuators for various applications such as linear automation systems in incubators for newborns and electric linear actuators for X-ray machines etc.

The automotive sector contributes majorly to the growth of the actuators market globally due to one of the essential components in the automotive vehicles. Commercial vehicle and passenger car sales continue to grow, and OEMs have made the interior a key focus to improve passenger safety and comfort. so that the seats are more comfortable and smarter. Actuators are used in seats to adjust lumbar support systems, seat positioning, angles, and seat rail actuators. Various types of actuators for car seat adjustment are available on the market, including gear motors for tilt adjustment, double output shafts for caterpillar drives, and linear actuators for height and tilt adjustment. Due to the worldwide increase in sales of SUVs and premium vehicles, it is expected that the market segment for seat adjustment drives will be expanded. the passenger experiences.

Restraints:

The restraining factor of the actuator depends on the type and application. Electric actuators can be poor in dynamic response and compliance and wear issues can cause inaccuracies. Hydraulic actuators can be high maintenance and not suitable for a clean environment and also leakage can be a major restraining factor of hydraulic actuators.

Opportunities:

The actuators market hold massive growth opportunity due to the wide array of industries that uses actuators in numerous mechanical and automatic equipment and machines. The actuators are widely used in industries such as Agriculture, Construction, Electronics, and Electrical engineering, Shipping machinery, Aerospace and Defense, Oil and Gas, Food and Beverage industry, and healthcare equipment and devices. The growing use of actuators in materials handling gear, robotics, Window Automation, Cutting equipment. Such vast applications in various machinery create high demand from all over the globe which supports local as well as international players.

Variable speed actuators open up new application opportunities in sophisticated speed actuators in various applications. More cultured actuators with variable speed offer possibilities like water hammers can be a major problem in many applications. Valve seats suffer if they are forcibly pushed into their end position when the valve is closed. A speed-controlled actuator gives the control engineer the option of specifying the actuating speed at different points in the cycle. The usual way to do this is to move the valve quickly for most of its cycle and slow it down as it approaches the closed position. A fast closing speed can be specified for emergencies. The speed actuator provides high-performance characteristics and supports the growth of the Actuators Market.

Challenges:

Pneumatic actuators convert the energy generated from compressed air into mechanical movement. The installation of pneumatic actuators is very troublesome work, and the maintenance costs of these actuators are high. Pneumatic actuators are a combination of different systems including compressors, air filters, lubrication hoses, etc., dryers, and regulators. Negligence or inadequate maintenance of these systems can lead to problems such as excessive noise and air leaks. With hydraulic drives, the hydraulic fluid is pumped through a storage tank, which converts the energy into mechanical movement. Hydraulic actuators have several advantages over pneumatic actuators in terms of power generation and process control. However, the likelihood of fluid leaks, fire hazards, and actuator system degradation due to erosion caused by fluid leaks are significant threats. Therefore, leakage problems are expected, along with the high level of noise caused by the operation of pneumatic and hydraulic actuators. affect the market growth prospects over the forecast period.

Market Segmentation

Segmentation Analysis of Actuators Market

By Actuation, the Electrical actuator is the dominating segment in the Actuators Market. Electric actuator holds a large portion of the Actuators Market due to their large application in a wide array of industrial application, food and beverage, automotive industry, material handling and robotic, electronics, and electronic assembly. The automotive sector utilized the actuators in driverless transport vehicles due to extensive automation in automotive parts and machines making it utilization of electric actuator automotive segment, such integration causing the growth of Actuators Market.

By Type, the Linear actuator segment is the dominating segment in the Actuators Market. The linear actuator provides Actual accurate control and positioning which enhances the performance. Linear actuator able to stop at any point of the stroke without external sensors and low operating costs creates the most viable and opted actuators in the operation. The linear actuator is used in automotive applications which is one of the largest demanding segments in the Actuators Market. The dependency of linear on automotive sector reflects on the growth of the segment on Actuators Market.

By Application, Vehicles and Equipment held the largest share in terms of application in the Actuators Market. The actuator is a major component in vehicles that dispense power and fluid into various parts of the engine. Actuator usage in equipment including mechanical road gates, garage doors, and gates, small hoists, and cranes. In the automotive sector, these actuators are used as mechanisms for opening windows and frames of cargo or engine compartments. Electric linear actuators They are also widely used to create Electronic DIY -Mechanisms for various budgetary purposes. Thus, it supports the growth of the actuator market globally.

By Vertical, the Automotive segment is the dominating segment in the Actuators Market. Actuators are one of the vital parts of the electric control system in passenger and commercial vehicle Actuator are generally electric motor or electric valves.  An electric actuator work as a movement of a load, or an action requiring a force such as clamping, using an electric motor to create the necessary force. The actuator is used in Internal combustion engines and electric vehicles which makes it global demand generating component, supporting local manufacturers as well as global export of actuators. The automotive segment is expected to grow at a fast pace during the forecasted period.  

Regional Analysis of Actuators Market

The Asia-Pacific region stands as a powerhouse in the Actuators Market, commanding a dominant position driven by several factors. Booming industrialization across countries like China, India, Japan, and South Korea has fueled the demand for actuators across various sectors including manufacturing, automotive, aerospace, and healthcare. Additionally, rapid urbanization, infrastructure development projects, and increasing investments in automation technologies have further propelled market growth.

Moreover, the region benefits from a robust manufacturing ecosystem, technological advancements, and a skilled labor force, which contribute to the development and adoption of advanced actuators. Government initiatives supporting industrial growth and innovation also play a significant role in driving the market forward.

Asia-Pacific region's strategic focus on renewable energy and sustainability has led to a growing demand for actuators in the renewable energy sector, particularly in wind turbines and solar panels, adding to its market dominance. With its dynamic economic landscape and continuous advancements, the Asia-Pacific region is poised to maintain its stronghold in the global Actuators Market for the foreseeable future.

Players Covered in Actuators Market are:

  • Honeywell International Inc.
  • Siemens AG
  • Emerson Electric Co.
  • Schneider Electric SE
  • ABB Ltd.
  • Rotork plc
  • Parker Hannifin Corporation
  • SMC Corporation
  • Festo AG & Co. KG
  • Johnson Controls International plc
  • Belimo Holding AG
  • Danfoss A/S
  • Moog Inc.
  • Curtiss-Wright Corporation
  • Altra Industrial Motion Corp.
  • AUMA Riester GmbH & Co. KG
  • Eaton Corporation plc
  • IMI plc
  • Tsubakimoto Chain Co.
  • Nihon Koso Co., Ltd.

Key Industry Developments of Actuators Market

  • In May 2024, Flowserve has launched the new Limitorque QX Series B (QXb) quarter-turn smart electric actuator, designed to provide unmatched reliability and precision in demanding applications across various industries, such as oil and gas, water and wastewater, commercial power, chemical, and general industries.
  • In November 2023, ADVICS, a well-known brake system products manufacturer, introduced a new line of electric parking brake (EPB) actuator kits in North America. These kits attach to a vehicle's caliper, making it easier to engage the parking brake. EPBs have become the standard in modern vehicles, providing convenience and efficiency compared to traditional parking brakes.

Global Actuators Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 47.12 Bn.

Forecast Period 2024-32 CAGR:

4.3%

Market Size in 2032:

USD 68.83 Bn.

Segments Covered:

By Type

  • Linear Actuator
  • Rotary Actuator

By System

  • Electrical
  • Pneumatic
  • Hydraulic
  • Others

By End-Users

  • Oil & Gas
  • Pharmaceutical & Healthcare
  • Automotive
  • Aerospace & Defense
  • Marine
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Actuators in the Automotive Sector

Key Market Restraints:

  • Hydraulic Actuators Can Be High Maintenance and Not Suitable for A Clean Environment

Key Opportunities:

  • Introduction of Variable Speed Actuators

Companies Covered in the report:

  • The Emerson Electric Company, Honeywell International Inc, Moog Inc, Rotork Plc, Parker Hannifin Corporation, and Other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Type
ā€ƒ3.2 By System
ā€ƒ3.3 By End-Users

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Actuators Market by Type
ā€ƒ5.1 Actuators Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Actuators Market Overview
ā€ƒ5.3 Linear Actuator
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Linear Actuator: Grographic Segmentation
ā€ƒ5.4 Rotary Actuator
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Rotary Actuator: Grographic Segmentation

Chapter 6: Actuators Market by System
ā€ƒ6.1 Actuators Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Actuators Market Overview
ā€ƒ6.3 Electrical
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Electrical: Grographic Segmentation
ā€ƒ6.4 Pneumatic
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 Pneumatic: Grographic Segmentation
ā€ƒ6.5 Hydraulic
ā€ƒā€ƒ6.5.1 Introduction and Market Overview
ā€ƒā€ƒ6.5.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.5.4 Hydraulic: Grographic Segmentation
ā€ƒ6.6 Others
ā€ƒā€ƒ6.6.1 Introduction and Market Overview
ā€ƒā€ƒ6.6.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.6.4 Others: Grographic Segmentation

Chapter 7: Actuators Market by End-Users
ā€ƒ7.1 Actuators Market Overview Snapshot and Growth Engine
ā€ƒ7.2 Actuators Market Overview
ā€ƒ7.3 Oil & Gas
ā€ƒā€ƒ7.3.1 Introduction and Market Overview
ā€ƒā€ƒ7.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.3.4 Oil & Gas: Grographic Segmentation
ā€ƒ7.4 Pharmaceutical & Healthcare
ā€ƒā€ƒ7.4.1 Introduction and Market Overview
ā€ƒā€ƒ7.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.4.4 Pharmaceutical & Healthcare: Grographic Segmentation
ā€ƒ7.5 Automotive
ā€ƒā€ƒ7.5.1 Introduction and Market Overview
ā€ƒā€ƒ7.5.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.5.4 Automotive: Grographic Segmentation
ā€ƒ7.6 Aerospace & Defense
ā€ƒā€ƒ7.6.1 Introduction and Market Overview
ā€ƒā€ƒ7.6.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.6.4 Aerospace & Defense: Grographic Segmentation
ā€ƒ7.7 Marine
ā€ƒā€ƒ7.7.1 Introduction and Market Overview
ā€ƒā€ƒ7.7.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.7.4 Marine: Grographic Segmentation
ā€ƒ7.8 Others
ā€ƒā€ƒ7.8.1 Introduction and Market Overview
ā€ƒā€ƒ7.8.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.8.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.8.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
ā€ƒ8.1 Competitive Landscape
ā€ƒā€ƒ8.1.1 Competitive Positioning
ā€ƒā€ƒ8.1.2 Actuators Sales and Market Share By Players
ā€ƒā€ƒ8.1.3 Industry BCG Matrix
ā€ƒā€ƒ8.1.4 Ansoff Matrix
ā€ƒā€ƒ8.1.5 Actuators Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ8.1.6 Top 5 Actuators Players Market Share
ā€ƒā€ƒ8.1.7 Mergers and Acquisitions
ā€ƒā€ƒ8.1.8 Business Strategies By Top Players
ā€ƒ8.2 THE EMERSON ELECTRIC COMPANY
ā€ƒā€ƒ8.2.1 Company Overview
ā€ƒā€ƒ8.2.2 Key Executives
ā€ƒā€ƒ8.2.3 Company Snapshot
ā€ƒā€ƒ8.2.4 Operating Business Segments
ā€ƒā€ƒ8.2.5 Product Portfolio
ā€ƒā€ƒ8.2.6 Business Performance
ā€ƒā€ƒ8.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ8.2.8 SWOT Analysis
ā€ƒ8.3 HONEYWELL INTERNATIONAL INC
ā€ƒ8.4 MOOG INC
ā€ƒ8.5 ROTORK PLC
ā€ƒ8.6 PARKER HANNIFIN CORPORATION
ā€ƒ8.7 ABB GROUP
ā€ƒ8.8 CAMERON INTERNATIONAL CORPORATION
ā€ƒ8.9 EATON CORPORATION PLC
ā€ƒ8.10 OTHER MAJOR PLAYERS

Chapter 9: Global Actuators Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ9.1 Market Overview
ā€ƒ9.2 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ9.2.1 Linear Actuator
ā€ƒā€ƒ9.2.2 Rotary Actuator
ā€ƒ9.3 Historic and Forecasted Market Size By System
ā€ƒā€ƒ9.3.1 Electrical
ā€ƒā€ƒ9.3.2 Pneumatic
ā€ƒā€ƒ9.3.3 Hydraulic
ā€ƒā€ƒ9.3.4 Others
ā€ƒ9.4 Historic and Forecasted Market Size By End-Users
ā€ƒā€ƒ9.4.1 Oil & Gas
ā€ƒā€ƒ9.4.2 Pharmaceutical & Healthcare
ā€ƒā€ƒ9.4.3 Automotive
ā€ƒā€ƒ9.4.4 Aerospace & Defense
ā€ƒā€ƒ9.4.5 Marine
ā€ƒā€ƒ9.4.6 Others

Chapter 10: North America Actuators Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ10.4.1 Linear Actuator
ā€ƒā€ƒ10.4.2 Rotary Actuator
ā€ƒ10.5 Historic and Forecasted Market Size By System
ā€ƒā€ƒ10.5.1 Electrical
ā€ƒā€ƒ10.5.2 Pneumatic
ā€ƒā€ƒ10.5.3 Hydraulic
ā€ƒā€ƒ10.5.4 Others
ā€ƒ10.6 Historic and Forecasted Market Size By End-Users
ā€ƒā€ƒ10.6.1 Oil & Gas
ā€ƒā€ƒ10.6.2 Pharmaceutical & Healthcare
ā€ƒā€ƒ10.6.3 Automotive
ā€ƒā€ƒ10.6.4 Aerospace & Defense
ā€ƒā€ƒ10.6.5 Marine
ā€ƒā€ƒ10.6.6 Others
ā€ƒ10.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.7.1 U.S.
ā€ƒā€ƒ10.7.2 Canada
ā€ƒā€ƒ10.7.3 Mexico

Chapter 11: Europe Actuators Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ11.4.1 Linear Actuator
ā€ƒā€ƒ11.4.2 Rotary Actuator
ā€ƒ11.5 Historic and Forecasted Market Size By System
ā€ƒā€ƒ11.5.1 Electrical
ā€ƒā€ƒ11.5.2 Pneumatic
ā€ƒā€ƒ11.5.3 Hydraulic
ā€ƒā€ƒ11.5.4 Others
ā€ƒ11.6 Historic and Forecasted Market Size By End-Users
ā€ƒā€ƒ11.6.1 Oil & Gas
ā€ƒā€ƒ11.6.2 Pharmaceutical & Healthcare
ā€ƒā€ƒ11.6.3 Automotive
ā€ƒā€ƒ11.6.4 Aerospace & Defense
ā€ƒā€ƒ11.6.5 Marine
ā€ƒā€ƒ11.6.6 Others
ā€ƒ11.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.7.1 Germany
ā€ƒā€ƒ11.7.2 U.K.
ā€ƒā€ƒ11.7.3 France
ā€ƒā€ƒ11.7.4 Italy
ā€ƒā€ƒ11.7.5 Russia
ā€ƒā€ƒ11.7.6 Spain
ā€ƒā€ƒ11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Actuators Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ12.4.1 Linear Actuator
ā€ƒā€ƒ12.4.2 Rotary Actuator
ā€ƒ12.5 Historic and Forecasted Market Size By System
ā€ƒā€ƒ12.5.1 Electrical
ā€ƒā€ƒ12.5.2 Pneumatic
ā€ƒā€ƒ12.5.3 Hydraulic
ā€ƒā€ƒ12.5.4 Others
ā€ƒ12.6 Historic and Forecasted Market Size By End-Users
ā€ƒā€ƒ12.6.1 Oil & Gas
ā€ƒā€ƒ12.6.2 Pharmaceutical & Healthcare
ā€ƒā€ƒ12.6.3 Automotive
ā€ƒā€ƒ12.6.4 Aerospace & Defense
ā€ƒā€ƒ12.6.5 Marine
ā€ƒā€ƒ12.6.6 Others
ā€ƒ12.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.7.1 China
ā€ƒā€ƒ12.7.2 India
ā€ƒā€ƒ12.7.3 Japan
ā€ƒā€ƒ12.7.4 Singapore
ā€ƒā€ƒ12.7.5 Australia
ā€ƒā€ƒ12.7.6 New Zealand
ā€ƒā€ƒ12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Actuators Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ13.4.1 Linear Actuator
ā€ƒā€ƒ13.4.2 Rotary Actuator
ā€ƒ13.5 Historic and Forecasted Market Size By System
ā€ƒā€ƒ13.5.1 Electrical
ā€ƒā€ƒ13.5.2 Pneumatic
ā€ƒā€ƒ13.5.3 Hydraulic
ā€ƒā€ƒ13.5.4 Others
ā€ƒ13.6 Historic and Forecasted Market Size By End-Users
ā€ƒā€ƒ13.6.1 Oil & Gas
ā€ƒā€ƒ13.6.2 Pharmaceutical & Healthcare
ā€ƒā€ƒ13.6.3 Automotive
ā€ƒā€ƒ13.6.4 Aerospace & Defense
ā€ƒā€ƒ13.6.5 Marine
ā€ƒā€ƒ13.6.6 Others
ā€ƒ13.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.7.1 Turkey
ā€ƒā€ƒ13.7.2 Saudi Arabia
ā€ƒā€ƒ13.7.3 Iran
ā€ƒā€ƒ13.7.4 UAE
ā€ƒā€ƒ13.7.5 Africa
ā€ƒā€ƒ13.7.6 Rest of MEA

Chapter 14: South America Actuators Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ14.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.2 Impact of Covid-19
ā€ƒ14.3 Key Players
ā€ƒ14.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ14.4.1 Linear Actuator
ā€ƒā€ƒ14.4.2 Rotary Actuator
ā€ƒ14.5 Historic and Forecasted Market Size By System
ā€ƒā€ƒ14.5.1 Electrical
ā€ƒā€ƒ14.5.2 Pneumatic
ā€ƒā€ƒ14.5.3 Hydraulic
ā€ƒā€ƒ14.5.4 Others
ā€ƒ14.6 Historic and Forecasted Market Size By End-Users
ā€ƒā€ƒ14.6.1 Oil & Gas
ā€ƒā€ƒ14.6.2 Pharmaceutical & Healthcare
ā€ƒā€ƒ14.6.3 Automotive
ā€ƒā€ƒ14.6.4 Aerospace & Defense
ā€ƒā€ƒ14.6.5 Marine
ā€ƒā€ƒ14.6.6 Others
ā€ƒ14.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ14.7.1 Brazil
ā€ƒā€ƒ14.7.2 Argentina
ā€ƒā€ƒ14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Actuators Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 47.12 Bn.

Forecast Period 2024-32 CAGR:

4.3%

Market Size in 2032:

USD 68.83 Bn.

Segments Covered:

By Type

  • Linear Actuator
  • Rotary Actuator

By System

  • Electrical
  • Pneumatic
  • Hydraulic
  • Others

By End-Users

  • Oil & Gas
  • Pharmaceutical & Healthcare
  • Automotive
  • Aerospace & Defense
  • Marine
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Actuators in the Automotive Sector

Key Market Restraints:

  • Hydraulic Actuators Can Be High Maintenance and Not Suitable for A Clean Environment

Key Opportunities:

  • Introduction of Variable Speed Actuators

Companies Covered in the report:

  • The Emerson Electric Company, Honeywell International Inc, Moog Inc, Rotork Plc, Parker Hannifin Corporation, and Other major players.
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Frequently Asked Questions :

What would be the forecast period in the Actuators Market research report?

The forecast period in the Actuators Market research report is 2024-2032.

Who are the key players in Actuators Market?

The Emerson Electric Company, Honeywell International Inc, Moog Inc, Rotork Plc, Parker Hannifin Corporation, ABB Group, Cameron International Corporation, Eaton Corporation Plc. and other major players.

What are the segments of the Actuators Market?

The Actuators Market has been segmented into Type, System, End-Users, and region. By Type, the market is categorized into Linear Actuator, Rotary Actuator. By System, the market is categorized into Electrical, Pneumatic, Hydraulic, and Others. By End-Users, the market is categorized into Oil & Gas, Pharmaceutical & Healthcare, Automotive, Aerospace & Defense, Marine, and Others.  By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Actuators Market?

Actuators are devices that convert energy into motion and are primarily used to move or control mechanisms and systems. Actuators are powered by an external power source, typically electrical power, hydraulic fluid pressure, or pneumatic pressure, which is then converted into motion.

How big is the Actuators Market?

Global Actuators Market Size Was Valued at USD 47.12 Billion In 2023 And Is Projected to Reach USD 68.83 Billion By 2032, Growing at a CAGR of 4.3% From 2024 To 2032.