Actuators Market by Type (Linear Actuators, Rotary Actuators), Actuation (Electric, Pneumatic, Hydraulic, Other Actuations), Application, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Actuators Market by Type (Linear Actuators, Rotary Actuators), Actuation (Electric, Pneumatic, Hydraulic, Other Actuations), Application, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Actuators Market Size

The global actuators market size was valued at $64.52 billion in 2024 and is projected to reach $102.38 billion by 2030, growing at a CAGR of 8.0% during the forecast period.

Actuators Market Overview

Actuators are devices or components used in various systems to convert electrical, hydraulic, pneumatic, or mechanical energy into physical movement. They play a crucial role in controlling and manipulating mechanisms, such as valves, switches, and motors, by translating input signals into specific actions. Actuators are essential in automation, robotics, and industrial processes where precise and controlled movement is necessary. They enable machines to perform tasks ranging from simple operations to complex maneuvers, enhancing efficiency and functionality across different applications.

Actuators Market Dynamics

• The actuators market is expected to witness significant growth in the future due to increasing automation across industries, growing demand for energy-efficient actuators, and technological advancements in sensor and control systems.
• Additionally, the expansion of industrial infrastructure in emerging economies and rising adoption of internet of things (IoT) in manufacturing are the prominent factors driving the growth of the market.
• However, the maintenance expenses, complex integration with existing systems, and concerns regarding cyber security are restraining the market growth.
• On the contrary, the development of smart actuators with enhanced functionality, expansion of renewable energy projects, and integration of actuators in healthcare are creating opportunities for market growth.

By Actuation, the Hydraulic Segment Constitutes Immense Share with Actuators Market

The hydraulic segment holds a significant share within the actuators market. Hydraulic actuators offer robust performance in heavy-duty applications where high force and precision are required, such as in construction equipment, industrial machinery, and aerospace systems. Their ability to generate substantial power with relatively compact components makes them ideal for lifting, pushing, and controlling large loads. Moreover, hydraulic actuators are known for their smooth operation, precise control, and durability under harsh conditions, which are essential qualities in industries like mining, oil and gas, and marine. As these sectors continue to expand globally, there is a growing need for reliable actuators that can operate efficiently and withstand challenging environments. Additionally, advancements in hydraulic technology, including improved materials and design enhancements, further drive the demand for hydraulic actuators by enhancing their performance, reliability, and longevity.

By Geography, Asia Pacific is Projected to Show Strong Presence in the Actuators Market

Asia Pacific is anticipated to show a robust presence during the forecast period due to the industries in this region like manufacturing, automotive, aerospace, and energy are expanding their operations and adopting advanced automation technologies, thereby increasing the need for actuators to improve operational efficiency, enhance production capabilities, and ensure precise control in automated processes. Moreover, the rise of smart cities and investments in urban infrastructure projects across Asia Pacific is further boosting the demand for actuators in applications ranging from building automation to transportation systems. Additionally, the region's supportive government policies, favorable investment climate, and growing focus on sustainable development are encouraging the adoption of actuators equipped with energy-efficient technologies. These factors collectively contribute to the burgeoning demand for actuators in the Asia Pacific region, positioning it as a significant growth hub in the global actuators market.

Key Target Audience:

• Manufacturers of Actuators
• Industrial Automation Companies
• Automotive Industry
• Aerospace and Defense Sectors
• Oil and Gas Industry
• Construction and Mining Industry
• Healthcare and Medical Device Manufacturers
• Government and Regulatory Bodies

List of the Key Players Profiled in the Report Includes:

• ABB Ltd.
• Curtiss-Wright Corporation
• Eaton Corporation
• Emerson Electric
• Misumi Group Inc.
• Moog Inc.
• Parker Hannifin Corporation
• Regal Rexnord
• Rockwell Automation
• Rotork Group
• SKF Group
• SMC Corporation

Recent Developments:

• In October 2023, SMC Corporation introduced its LET-X11 Series of linear actuators, capable of handling up to 240 kg (Size 100) or 75 kg (Size 80) with strokes of up to 3000 mm. These actuators achieve impressive speeds of 4000 mm/s (Size 100) or 2160 mm/s (Size 80) and can accelerate and decelerate at 20000 mm/s². They feature simplified belt replacement and mountable solid-state auto switches, enhancing user-friendliness.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:

• Linear Actuators
• Rotary Actuators

Market by, Actuation:

• Electric
• Pneumatic
• Hydraulic
• Other Actuations

Market by, Application:

• Industrial Automation
• Robotics
• Vehicles and Equipment

Market by, End User:

• Aerospace & Defense
• Agriculture
• Automotive
• Chemicals
• Construction
• Electronics & Electrical
• Food & Beverages
• Household & Entertainment
• Marine
• Metals
• Mining & Machinery
• Oil & Gas
• Paper & Plastics
• Pharmaceutical & Healthcare
• Power Generation
• Utilities

Market by, Geography:

The actuators market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Global Actuators Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.