Global Electric Actuator Market Growth 2023-2029

Global Electric Actuator Market Growth 2023-2029

An Electric Actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.

LPI (LP Information)' newest research report, the “Electric Actuator Industry Forecast” looks at past sales and reviews total world Electric Actuator sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Actuator sales for 2023 through 2029. With Electric Actuator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Actuator industry.

This Insight Report provides a comprehensive analysis of the global Electric Actuator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Actuator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Actuator market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Actuator and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Actuator.

The global Electric Actuator market size is projected to grow from US$ 2493.6 million in 2022 to US$ 3245.8 million in 2029; it is expected to grow at a CAGR of 3245.8 from 2023 to 2029.

Global electric actuator key players include LINAK, THK, SMC Corporation, IAI, Parker, etc. Global top five manufacturers hold a share about 40%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, both have a share about 44 percent. In terms of product, AC Electric Actuator is the largest segment, with a share over 73%. And in terms of application, the largest application is Industrial Equipment, followed by Home, Commercial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Actuator market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Straight Stroke Electric Actuator

Multi-rotary Electric Actuator

Partial Rotary Electric Actuator

Segmentation by application

Petrochemical

General Industrial

Electric Power

Water Treatment

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

LINAK

THK

SMC Corporation

IAI

Parker

Ewellix

Thomson Industries

TiMOTION

FESTO

Yamaha

CKD

Kollmorgen

Chiaphua Components

Tsubakimoto Chain

Moteck Electric

Tolomatic

Mindman Industrial

Auma

Rotork

Emerson

Flowserve

Chuanyi

Schiebel

Changzhou Power Station Auxiliary Equipment Co., LTD

Shanghai Automation Instrument Co., LTD

Surpass

Wenzhou RICH Measure and Control Equipment Co.,Ltd

YANGZHOU HENGCHUN ELECTRONICS CO., LTD.

TFL

Actuators Co., Ltd. Yangzhou Aotuo Ke

BERNARD CONTROLS

Koei Industry

Tomoe

ABB

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Actuator market?

What factors are driving Electric Actuator market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Actuator market opportunities vary by end market size?

How does Electric Actuator break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.