Global Actuators Market was accounted for USD 47.6 billion in 2018 and is estimated to reach USD xx.xx billion by 2025, at a CAGR of 9.6% from 2019 to 2025.  The necessity is to increase productivity and reduce free-time in industrial facilities and manufacturing activities worldwide are the key factors expected to drive the market for actuators around the globe.  The advancement of developed and cost-effective actuators and rising demands for industrial robots and process automation in various industrial verticals are some of the juncture boosting the growth of the actuators market.

Global Actuators Market Growth Opportunities (Revenue, Growth) By 2019-2025

This global actuators market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global actuators market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global actuators market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Segment Analysis

By Type Insights: Based on type the actuators market is segmented into linear and rotatory. The linear actuator segment is anticipated to drive the market over the forecasted timeframe. The adoption of linear actuators in a spacious range of industries like manufacturing, packaging machines, medical equipment, production machinery, transportation, aerospace, and defense, among others is estimated to drive the market for actuators. Owing to increasing industrial automation is contributing the higher demand for actuators.

By Actuation Insights: By actuation insights, the actuators market is segmented into electrical, pneumatic and hydraulic and others. The electrical actuation segment can assign the replacement of pneumatic and hydraulic actuators by electrical actuators because of their higher efficiency and a greater level of controls. The consumption of energy is higher in hydraulic and pneumatic than electrical actuators. The pneumatic actuators segment is expected to witness a surgical growth with the highest CAGR in the actuators market over the forecasted timeframe. The demands for highly efficient actuators which consume less energy have driven the growth of the actuators market.

By Application Insights: In terms of application, the actuators market has segmented into industrial automation, robotics, and vehicles & equipment and others. Industries such as electrical and electronic have higher utilization of robots. Rest of sectors such as pharmaceutical, pulp & paper, and food & beverages are anticipated to tend more towards the use of robots by increasing utilization of robots by local and reputed enterprises.

Regional Analysis

The global actuators market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific is expected to grow the market at highest CAGR during the forecasted timeframe. The actuators market is enlarging with significant rate and this swing is estimated to continue over the forecasted timeframe. In addition, the evolution of advanced and cost-effective actuators and rising demand for industrial robots and industrial automation in different industrial verticals are some of the opportunities boosting the growth of the actuator market. China, Japan and India are essentially investing in automation to enhance and gain a tactical edge. Owing to these factors is an excellent opportunity for actuator manufacturers to nourish their businesses in the Asia Pacific region.

Global Actuators Market Size, Share Analysis By Region 2019

Global Actuators Market Study Objective

1. To forecast the market size of the actuators market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of actuators market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of the actuators market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of the actuators market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the actuators market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Key players

The major players such as ABB, Rockwell Automation, Altra Industrial Motion, Moog, SMC, Curtiss Wright, MISUMI Hitachi Ltd, HELLA GmbH & Co. KGaA, Johnson Electric, Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo and among others hold major shares in the actuators market. ABB is one of the leading players in the global market; the company has high-value contracts with countries, such as China.

Global Actuators Market Study Report Offer You!

The global actuators market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.