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Global Actuator Market 2019-2023 - Product Image

Global Actuator Market 2019-2023

  • ID: 4668786
  • Report
  • November 2018
  • Region: Global
  • 137 pages
  • TechNavio
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FEATURED COMPANIES

  • Emerson Electric
  • Flowserve
  • ITT
  • Rotork
  • SAMSON
  • SMC Corporation
  • MORE
About this market

Technological advancements have led to the development of smart actuators. The implementation of automation in industries have resulted in the increasing use of data analytics which help in identifying different process variables that influence a production process. This have prompted vendors to focus on the development of smart actuators which can be used as field devices. These smart actuators are integrated with sensors and electronic components which enhance their data monitoring and capturing capabilities. Smart actuators can also be linked with robots. For instance, MOOG is offering a lightweight hydraulic smart actuator integrated with control electronics, servo valves, and onboard sensors. Thus, the emerging market of smart actuators is identified as a key trend that will boost the growth of actuator market during the forecast period. The analysts have predicted that the actuator market will register a CAGR of almost 6% by 2023.

Market Overview

Increased plant safety and regulations in industries
Industrial premises are prone to accidents due to the presence of complex machinery. Industries also cause considerable damage to the environment as they generate and discharge hazardous waste. This have led to the formulation of stringent safety rules and regulations for industries to reduce their emissions and improve safety. End-user industries are demanding high-quality and technologically advanced industrial actuators which help in improving efficiency and reducing emissions. This will boost the growth of the actuator market during the forecast period.

Prevailing fluctuations of raw material prices
Direct material cost comprises of more than half of total cost of manufacturing cost of actuators and valves. Any fluctuations in the prices of raw materials such as copper, stainless steel, aluminum, brass, bronze, and cast iron, affects the profit margins of actuator manufacturers. Since these raw materials are also used by other industries, any change in demand from these industries will impact the raw material price for actuator vendors. This will hamper the growth of the actuator market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the actuator market during 2019-2023, view the full report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Emerson Electric, and Flowserve the competitive environment is quite intense. Factors such as the increased plant safety and regulations in industries, will provide considerable growth opportunities to actuator companies. Emerson Electric, Flowserve, ITT, Rotork, SAMSON, and SMC Corporation are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Emerson Electric
  • Flowserve
  • ITT
  • Rotork
  • SAMSON
  • SMC Corporation
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Electric - Market size and forecast 2018-2023
  • Pneumatic - Market size and forecast 2018-2023
  • Hydraulic - Market size and forecast 2018-2023
  • Mechanical - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Oil and gas - Market size and forecast 2018-2023
  • Chemical - Market size and forecast 2018-2023
  • Power - Market size and forecast 2018-2023
  • W&WW - Market size and forecast 2018-2023
  • Metals - Market size and forecast 2018-2023
  • Others* - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Emerging smart actuators
  • Development of valve positioner technology
  • Rising remote control solutions for actuators
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Emerson Electric
  • Flowserve
  • ITT
  • Rotork
  • SAMSON
  • SMC Corporation
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
PART 16: About the Author


List of Exhibits
Exhibit 01: Global valves and actuators market
Exhibit 02: Segments of global valves and actuators market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Electric - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Electric - Year-over-year growth 2019-2023 (%)
Exhibit 21: Pneumatic - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Pneumatic - Year-over-year growth 2019-2023 (%)
Exhibit 23: Hydraulic - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Hydraulic - Year-over-year growth 2019-2023 (%)
Exhibit 25: Mechanical - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Mechanical - Year-over-year growth 2019-2023 (%)
Exhibit 27: Market opportunity by product
Exhibit 28: Customer landscape
Exhibit 29: End-user - Market share 2018-2023 (%)
Exhibit 30: Comparison by end-user
Exhibit 31: Oil and gas - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Oil and gas - Year-over-year growth 2019-2023 (%)
Exhibit 33: Chemical - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: Chemical - Year-over-year growth 2019-2023 (%)
Exhibit 35: Power - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: Power - Year-over-year growth 2019-2023 (%)
Exhibit 37: W&WW - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: W&WW - Year-over-year growth 2019-2023 (%)
Exhibit 39: Metals - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: Metals - Year-over-year growth 2019-2023 (%)
Exhibit 41: Others* - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: Others* - Year-over-year growth 2019-2023 (%)
Exhibit 43: Market opportunity by end-user
Exhibit 44: Market share by geography 2018-2023 (%)
Exhibit 45: Geographic comparison
Exhibit 46: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 47: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 48: Top 3 countries in EMEA
Exhibit 49: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 50: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 51: Top 3 countries in APAC
Exhibit 52: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 53: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 54: Top 3 countries in Americas
Exhibit 55: Market opportunity
Exhibit 56: Changes in stainless steel 316 prices (%)
Exhibit 57: Changes in Copper prices (%)
Exhibit 58: Impact of drivers and challenges
Exhibit 59: Vendor landscape
Exhibit 60: Landscape disruption
Exhibit 61: Vendors covered
Exhibit 62: Vendor classification
Exhibit 63: Market positioning of vendors
Exhibit 64: Emerson Electric - Vendor overview
Exhibit 65: Emerson Electric - Business segments
Exhibit 66: Emerson Electric - Organizational developments
Exhibit 67: Emerson Electric – Geographic focus
Exhibit 68: Emerson Electric - Segment focus
Exhibit 69: Emerson Electric - Key offerings
Exhibit 70: Flowserve - Vendor overview
Exhibit 71: Flowserve - Business segments
Exhibit 72: Flowserve - Organizational developments
Exhibit 73: Flowserve – Geographic focus
Exhibit 74: Flowserve - Segment focus
Exhibit 75: Flowserve - Key offerings
Exhibit 76: ITT - Vendor overview
Exhibit 77: ITT - Business segments
Exhibit 78: ITT - Organizational developments
Exhibit 79: ITT – Geographic focus
Exhibit 80: ITT - Segment focus
Exhibit 81: ITT - Key offerings
Exhibit 82: Rotork - Vendor overview
Exhibit 83: Rotork - Business segments
Exhibit 84: Rotork - Organizational developments
Exhibit 85: Rotork – Geographic focus
Exhibit 86: Rotork - Segment focus
Exhibit 87: Rotork - Key offerings
Exhibit 88: SAMSON - Vendor overview
Exhibit 89: SAMSON - Organizational developments
Exhibit 90: SAMSON - Key offerings
Exhibit 91: SMC Corporation - Vendor overview
Exhibit 92: SMC Corporation - Organizational developments
Exhibit 93: SMC Corporation– Geographic focus
Exhibit 94: SMC Corporation - Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Emerson Electric
  • Flowserve
  • ITT
  • Rotork
  • SAMSON
  • SMC Corporation
  • MORE
Global Actuator Market 2019-2023

The author of the report recognizes the following companies as the key players in the global actuator market: Emerson Electric, Flowserve, ITT, Rotork, SAMSON, and SMC Corporation.

Commenting on the report, an analyst from the research team said: “There has been an increasing demand for smart actuators which have improved data capturing and monitoring capabilities. This will drive the growth of the actuator market during the forecast period.”

According to the report, one of the major drivers for this market is the increased plant safety and regulations in industries. This have created a demand for high-quality actuators from process industries and boosted the growth of the actuators market.

Further, the report states that one of the major factors hindering the growth of this market is the prevailing fluctuations of raw material prices. This instability in the prices of raw material affects the profit margins of actuator companies and thereby hampers market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Emerson Electric
  • Flowserve
  • ITT
  • Rotork
  • SAMSON
  • SMC Corporation
Note: Product cover images may vary from those shown
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