Actuators

Actuators

Global Actuators Market to Reach US$108.7 Billion by 2030

The global market for Actuators estimated at US$61.1 Billion in the year 2023, is expected to reach US$108.7 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2023-2030. Linear Actuators, one of the segments analyzed in the report, is expected to record a 8.9% CAGR and reach US$72.5 Billion by the end of the analysis period. Growth in the Rotary Actuators segment is estimated at 7.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.2 Billion While China is Forecast to Grow at 10.9% CAGR

The Actuators market in the U.S. is estimated at US$9.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.1 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Global Actuators Market - Key Trends & Drivers Summarized

Actuators are critical components in a wide range of mechanical systems, converting electrical, hydraulic, or pneumatic energy into motion. They are fundamental in various applications, from industrial machinery and robotics to aerospace and automotive systems. Actuators come in several types, including linear, rotary, electric, hydraulic, and pneumatic actuators, each suited to specific tasks and environments. Linear actuators provide straight-line motion, ideal for applications such as valve control and machinery automation, while rotary actuators are used for tasks that require rotational movement. Electric actuators are known for their precision and control, hydraulic actuators are valued for their power and reliability in heavy-duty applications, and pneumatic actuators are preferred for their simplicity and rapid response in environments where compressed air is readily available.

Technological advancements have significantly enhanced the performance, efficiency, and capabilities of actuators. Modern actuators are increasingly integrated with smart technologies, such as sensors and IoT connectivity, enabling real-time monitoring and control. This integration allows for predictive maintenance, reducing downtime and extending the lifespan of equipment. In the field of robotics and automation, actuators are becoming more compact and powerful, facilitating the development of sophisticated and agile robotic systems. The adoption of advanced materials and manufacturing techniques, such as additive manufacturing, has also led to the production of actuators with improved durability and performance characteristics. Moreover, innovations in electric actuators, including the development of brushless motors and advanced drive electronics, have enhanced their efficiency and precision, making them suitable for a broader range of applications.

The growth in the actuators market is driven by several factors, reflecting the increasing demand for automation and advanced control systems across various industries. One significant driver is the expanding industrial automation sector, where actuators are essential for enhancing productivity and efficiency in manufacturing processes. The growing adoption of robotics in both industrial and service applications also propels the demand for actuators. In the automotive industry, the shift towards electric and autonomous vehicles requires advanced actuator systems for functions such as steering, braking, and suspension control. Additionally, the aerospace industry relies on high-performance actuators for flight control and other critical functions. The trend towards smart infrastructure and the integration of IoT in building management systems further boosts the market, as actuators play a crucial role in the automation of HVAC, lighting, and security systems. Furthermore, the push for energy-efficient solutions and the development of renewable energy technologies drive the need for actuators in applications such as wind turbines and solar tracking systems. These factors collectively ensure the dynamic growth and continuous innovation within the actuators market.

Select Competitors (Total 371 Featured) -

• ABB Limited
• Auma Riester GmbH & Co. KG
• Cair Euromatic Automation Pvt. Ltd.
• Curtiss Wright Corp.
• Eaton Corporation plc
• Elger Controls India Private Ltd.
• Festo Vertrieb GmbH & 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
• Sumitomo Heavy Industries, Ltd.
• The Emerson Electric Company
• Timotion Technology Co. Ltd.

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