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Actuators - Global Market Trajectory & Analytics

  • ID: 4804524
  • Report
  • February 2022
  • Region: Global
  • 729 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Limited
  • Curtiss Wright
  • Flowserve Corporation
  • KITZ Corporation
  • Moog, Inc.
  • Rockwell Automation, Inc.

Global Actuators Market to Reach $57 Billion by 2026


Actuators are critical devices used as components in assemblies for almost all industries, including automotive, aerospace, agriculture, manufacturing, solar, medical, and robotics. Rapid industrialization and urbanization are anticipated to be the major factors driving growth for the actuators market globally. Growth is set to be fueled by factors of growth in the automotive industry, growing demand for aircraft, as well as technological advancements leading to better performing actuators. Growing investment in renovations of existing infrastructure and also creation of new infrastructure present favorable growth opportunities. Demand for actuators would be strong in the oil and gas, marine and mining sectors as well. Several industries are currently focusing on automatization of their operations for enabling greater efficiency, increased precision and enhanced safety in their production operations. Growing focus on remote monitoring is also anticipated to fuel market growth.

Amid the COVID-19 crisis, the global market for Actuators estimated at US$43.1 Billion in the year 2020, is projected to reach a revised size of US$57 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Linear Actuators, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$37.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary Actuators segment is readjusted to a revised 4.1% CAGR for the next 7-year period. This segment currently accounts for a 38.5% share of the global Actuators market. Linear actuators generate pull/push action. Based on their adaptable design and flexibility, linear actuators are finding increasing adoption in military automation and spacecraft systems. Rotary actuators are gaining acceptance among several industries such as transportation, defense, manufacturing, and medical equipment. Rising integration of service and industrial robots is fueling demand for rotary actuators.



The U.S. Market is Estimated at $12 Billion in 2021, While China is Forecast to Reach $11.7 Billion by 2026


The Actuators market in the U.S. is estimated at US$12 Billion in the year 2021. The country currently accounts for a 27% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$11.7 Billion in the year 2026 trailing a CAGR of 7.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$12.6 Billion by the end of the analysis period. In the North American market, future demand for actuators would stem from the growing investments across various end-use sectors including food processing, automotive and life sciences among others. Strong demand from the defense and aerospace applications and growing process automation needs across all the major end-use sectors would also emerge as significant growth promoting factors. Growth of smart buildings, smart mobility, smart transportation, smart security and smart healthcare in the smart cities would provide major market growth opportunities in the Asia-Pacific region. China represents a lucrative actuators market owing to its status of being a global manufacturing hub. The country is not only the leading automotive manufacturer globally, but also a major producer of consumer electronics. These factors along with the positive economic progress are driving the actuator market in the country. In addition, cheap, bulk, eco-friendly and energy-efficient manufacturing coupled with development of various applications for new technologies is expected to help the actuators market in witnessing a lucrative growth.

Select Competitors (Total 139 Featured) -

  • ABB Limited
  • Altra Industrial Motion
  • Auma Riester GmbH & Co.
  • Cair Euromatic Automation Pvt Ltd.
  • Cameron International Corporation
  • Curtiss Wright
  • Eaton Corporation plc
  • Elger Controls India Private Ltd.
  • Festo AG & Co. KG
  • Flowserve Corporation
  • Harmonic Drive LLC
  • Honeywell International Inc.
  • Indelac Controls Inc.
  • KITZ Corporation
  • Micromatic LLC
  • MISUMI Group, Inc.
  • Moog, Inc.
  • Motion Systems Corp.
  • Pentair Plc.
  • Rockwell Automation, Inc.
  • Rotork Plc
  • SMC Corporation
  • Timotion Technology Co. Ltd.
  • The Emerson Electric Company
Frequently Asked Questions about the Global Market for Actuators

What is the estimated value of the Global Market for Actuators?

The Global Market for Actuators was estimated to be valued at $43.1 Billion in 2020.

What is the growth rate of the Global Market for Actuators?

The growth rate of the Global Market for Actuators is 4.8%, with an estimated value of $57.0 Billion by 2026.

What is the forecasted size of the Global Market for Actuators?

The Global Market for Actuators is estimated to be worth $57.0 Billion by 2026.

Who are the key companies in the Global Market for Actuators?

Key companies in the Global Market for Actuators include ABB Limited, Altra Industrial Motion, Auma Riester GmbH & Co., Cair Euromatic Automation Pvt Ltd., Cameron International Corporation, Curtiss Wright, Eaton Corporation plc, Elger Controls India Private Ltd. and Flowserve Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Limited
  • Curtiss Wright
  • Flowserve Corporation
  • KITZ Corporation
  • Moog, Inc.
  • Rockwell Automation, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Actuators: A Critical Component of Assemblies
  • Analysis by Type
  • Geographic Market Analysis
  • China: A Major Market
  • Actuators - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Industrial Automation to Fuel Growth
  • Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
  • Rise in Aircraft Fleet to Support Demand for Actuators
  • Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
  • Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2018 & 2038
  • Focus Grows on Development of Advanced Actuators for Aerospace and Defense
  • Smart Cities: A Major Opportunity Market
  • Growing Number of Smart Homes Catalyzes the Creation of Smart Cities: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Global Home Automation Revenues in US$ Million by Geographic Region for 2018 and 2024
  • High Demand for Smart Linear Actuators
  • Growing Use of Automated Systems in Vehicles Propels Demand for Actuators
  • Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Rise in Luxury Vehicle Sales Augurs Well for Actuators
  • Global Luxury Vehicles Market(In US$ Million) by Leading Countries for the Year 2019
  • Growing Focus on Electric Technologies Augments Demand for Automotive Actuators
  • Connected Cars on the Rise, Bodes Well for the Market
  • Growing Interest in Autonomous Vehicles to Drive Opportunities
  • Automotive Engine Actuators Market: An Overview
  • Growing Use of Electromechanical Actuators in the Automotive Industry
  • Strong Focus on Water & Wastewater Management to Impel Market Growth
  • Technology Developments Drive Use of Actuators in Medical Devices
  • Actuators Gain Importance in Oil and gas Sector
  • Elimination of Methane Emissions with Electric Actuators
  • Increasing Rate of Industrialization and Urbanization Catapults Growth of the Market for Actuators
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Select Product Innovations
  • PRODUCT OVERVIEW
  • Actuators
  • Actuator Types

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Actuators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 139
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Limited
  • Altra Industrial Motion
  • Auma Riester GmbH & Co.
  • Cair Euromatic Automation Pvt Ltd.
  • Cameron International Corporation
  • Curtiss Wright
  • Eaton Corporation plc
  • Elger Controls India Private Ltd.
  • Festo AG & Co. KG
  • Flowserve Corporation
  • Harmonic Drive LLC
  • Honeywell International Inc.
  • Indelac Controls Inc.
  • KITZ Corporation
  • Micromatic LLC
  • MISUMI Group, Inc.
  • Moog, Inc.
  • Motion Systems Corp.
  • Pentair Plc.
  • Rockwell Automation, Inc.
  • Rotork Plc
  • SMC Corporation
  • Timotion Technology Co. Ltd.
  • The Emerson Electric Company
Note: Product cover images may vary from those shown