Global Actuators Market was valued US$ 39.20 Bn in 2017 and is expected to reach 54.80 Bn by 2026, at a CAGR of 4.28 % during a forecast period.
An actuator is an equipment, which transforms energy into motion. It is principally used to apply a force on an entity to complete various mechanical operations.
An increase in the number of aircraft carriers, steady growth in the global automotive industry, and technical advancements in actuators are expected to propel the global actuators market growth. The rapid expansion of the manufacturing and processing industry sector, safety assurance, and less requisite of manual handling is also expected to boost the growth in the global actuators market. Furthermore, The substantial investments sustained in the development of different types of actuators are limiting the growth of the actuators market across the globel.
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The linear segment is projected to lead the actuators market. The increasing requrirement in manufacturing industries to recover combustion control, increase reliability, and reduce production costs with augmented demand for fuel-efficient vehicles is expected to drive the demand for actuators. Additionally, strict environmental regulations and growing automation in emerging economies are some of the factors projected to increase demand for linear actuators during the forecast period.
The electrical segment is projected to dominate the actuators market. In the aeronautics industry, electrical actuators are used to control a wide range of operations. These actuators are used to switch and limit velocity and engine speed by adjusting levers and valves. Electrical actuators transform electrical signals to mechanical movement, which plays a vital role in controlling systems. In the aviation industry, electrical actuators attain very high dynamic forces even with low weight and fit into small spaces. These factors are expected to increase demand for an electrical actuator.
The end use segment is estimated to witness significant growth in the global actuators market during the forecast period. In the end use application, actuators are used in various industry verticals like automotive, aerospace, defense, and marine. Hydraulic actuators are mainly used in ships and submarines owing to the high load capacity systems of ships. This factor is projected to drive growth in the global actuators market.
The Asia Pacific is expected to share substantial growth in the global actuators market. The growth in the market is attributed to the Rapid urbanization and industrialization in this region. Growing investments in new infrastructure and refurbishment of existing plants are projected to favorably positively impact on actuators market growth in this region. Additionally, Growing population, technological proliferation, manufacturing plant automation and the requirement to extract natural resources from challenging locations may also drive actuators market growth during the forecast year in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global actuators market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global actuators market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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The Scope of the Report for Global Actuators Market
Global Actuators Market, by Type
• Linear Actuators
• Rotary Actuators
Global Actuators Market, by System
Global Actuators Market, by Application
• End Use Application
• Industrial Application
Global Actuators Market, by End-User
• Energy and Mining,
Global Actuators Market,By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
• Emerson Electric Co.,
• Honeywell Corporation
• Helix Linear Technologies, Inc
• Parker Hannifin
• Eaton Corporation plc
• Actuonix Motion Devices
• Tolomatic, Inc.
• Festo AG & Co. KG
• AVK Holdings A/S.
• Flowserve Corporations,
• Tyco International Ltd
• Schlumberger Limited,
• KITZ Corporation
• Burkert Fluid Control Systems
• Tusk Direct, Inc
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MAJOR TOC OF THE REPORT
Chapter One: Actuators Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Actuators Market Competition, by Players
Chapter Four: Global Actuators Market Size by Regions
Chapter Five: North America Actuators Revenue by Countries
Chapter Six: Europe Actuators Revenue by Countries
Chapter Seven: Asia-Pacific Actuators Revenue by Countries
Chapter Eight: South America Actuators Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Actuators by Countries
Chapter Ten: Global Actuators Market Segment by Type
Chapter Eleven: Global Actuators Market Segment by Application
Chapter Twelve: Global Actuators Market Size Forecast (2019-2026)
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