The need for actuators in the wind and solar sectors is being driven by a number of important growth factors, such as the high need for automation in manufacturing and logistics, the retrofitting of outdated industrial systems with contemporary actuators to increase efficiency, and the emphasis on green energy.
Large international corporations and smaller regional firms compete with one another to address the increasing need for automation and energy-efficient solutions in the European actuators industry. Siemens AG is the market leader with a 14.5% share, closely followed by Emerson Electric Co. at 8.9% and ABB Ltd. at 11.0%.
The market for actuators includes a broad variety of mechanical devices that transform energy into motion, usually employed to move or control systems across a number of sectors. In applications including automation, robotics, aerospace, automotive, and industrial machinery that demand precise motion control, actuators are essential parts. These devices produce linear, rotary, or oscillatory movements using a variety of power sources, such as electric, hydraulic, pneumatic, or mechanical systems. The market is primarily driven by the rising need for manufacturing automation, robotics improvements, and the growing popularity of electric vehicles. Furthermore, developments in actuator technologies—such smart actuators with built-in sensors and controls—are finding new uses in emerging sectors including building automation, healthcare, and renewable energy.
Segmentation of the Market
In 2023, electric actuators accounted for 53.64% of the total share by type. In contrast, Germany dominated the market in terms of country, holding a 16.72% share, and is anticipated to continue to do so for the duration of the projected period.
The market for actuators was divided into four product categories: mechanical, hydraulic, pneumatic, and electric actuators.
The market is divided into two segments by Actuator Motion: Linear Actuators and Rotary Actuators.
The market is divided into several segments based on control, including remote control, programmable control, automatic control, manual control, and other controls.
Industrial Automation, Automotive, Aerospace, Building & Construction, Energy & Utilities, Consumer Electronics, Healthcare, and Others are the market segments based on application.
Key Players
Siemens AG, ABB Ltd., Emerson Electric Co., Rotork Plc, Danfoss, Honeywell International, Festo AG & Co. KG, SMC Corporation, and Parker Hannifin are the major participants in the European actuator market.
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