Actuators Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F
Global actuators market is anticipated to thrive in the forecast period, 2024-2028. The increased use of actuators in heavy machinery across numerous automotive and auto industries has led to an increase in actuator demand. Global acceptance of mechanical advancement in automotive and electrical production is rising. Furthermore, there has been a rise in the demand for novel actuator types that are pertinent to the discipline of electrical engineering, hence driving growth in the global actuators market.
Additionally, it is expected that a surge in industrial automation would fuel market expansion.. Another element driving demand for industrial automation is the expanding global population. Manufacturers automate the process that aids in the mass production of products in order to meet the demands of the growing population, hence contributing to the actuators demand. Moreover, the market is expected to rise due to the increasing usage of industrial robots in mechanical sectors to speed up production and reduce human error.
An actuator is a component of a machine or equipment that aids in generating mechanical force by converting energy, frequently electrical, air, or hydraulic energy. It is, to put it simply, the part of any machine that permits movement. The vibrator on the phone, domestic appliances, simple electronic access control systems, automobiles, industrial machinery, and robots are all examples of machines that utilize actuators. Electric motors, stepper motors, jackscrews, electric muscle stimulators in robots, etc. are typical examples of actuators.
Rapid Use of Smart Actuators in Industries to Stimulate Growth
The latest advancement in the market is the introduction of cutting-edge technologies to create smart actuators. An integrated system of sensors, motors, communication devices, and controllers is known as a smart actuator. The smart actuator that controls the robots used in numerous industries can be quickly modified, constructed, or disassembled. The field's automation and control capabilities will improve as smart actuator use increases. Smart actuators offer a number of benefits, including improved controllability and diagnostic capabilities, increased productivity and efficiency, less complexity and cabling, lower software and hardware costs, improved machine functionality, and others.
Increase in Safety Measurements in Industries
Numerous manufacturing businesses significantly consider safety and security measures for the wellness of their workforces. Actuators aid in monitoring and controlling the flow of several chemicals, gases, and other fluids that may be dangerous to people. These actuators function to stop any undesirable circumstance that could be caused by an overflow or disruption of the flow of a fluid. Worker safety is ensured by these actuators, which operate in accordance with various criteria including pressure, temperature, or volume. As a result, the demand for actuators is driven by strict laws and regulations surrounding safe operations in any industry.
High Installation & Maintenance Costs of Hydraulic and Pneumatic Actuators to Hamper Growth
Due to the fluids they contain, hydraulic actuators are challenging to install. As a result, installing it might be expensive, especially when installing it for a large manufacturing line. It is anticipated that this may impede market expansion. Additionally, to produce the necessary output, hydraulic actuation systems employ a fluid medium like oil or water, while pneumatic actuation systems use air. The market is hampered by oil or water leaks since they harm the product, reduce its effectiveness, and raise its maintenance costs. The many actuators used in a wide range of applications have problems. Efficiency is compromised in the case of hydraulic linear actuators due to fluid leakage, which causes problems with cleanliness. Additionally, it necessitates routine inspection and upkeep of the likes of motors, release valves, fluid reservoirs, pumps, and more. Additionally, the complexity and cost are increased by the pneumatic actuators' need for proportional-sized valves, compressors, and regulators for various operations. As a result, the market growth of actuators is hampered by key reasons such continuous seal wear, improper assembly or maintenance, dangers related to steam valves, decreased control quality, and others.
Market Segmentation
The Global Actuators Market is segmented into motion, type, end-use industry. Based on motion, the market is segmented into linear and rotary. Based on type, the market is divided into hydraulic, pneumatic, electric, and others. Based on end-use industry, it is categorized into aerospace & defense, automotive, construction, chemicals, food & beverages, healthcare & pharmaceuticals, marine, mining, oil & gas, power generation and others.
Market Players
Major market players in the global actuators market are Eaton Corporation plc, The Emerson Electric Company, Festo AG & Co. KG, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Rotork plc., SAMSON AG, Tamagawa Seiki Co. Ltd. and SMC Corporation.
Report Scope:
In this report, the Global Actuators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Actuators Market, By Motion
- Linear
- Rotary
- Actuators Market, By Type
- Hydraulic
- Pneumatic
- Electric
- Others
- Actuators Market, By End-Use Industry
- Aerospace & Defense
- Automotive
- Construction
- Chemicals
- Food & Beverages
- Healthcare & Pharmaceuticals
- Marine
- Mining
- Oil & Gas
- Power Generation
- Others
- Actuators Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Russia
- Spain
- Belgium
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Israel
- Turkey
Company Profiles: Detailed analysis of the major companies present in the Global Actuators market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Product Overview
- 2. Research Methodology
- 3. Impact of COVID-19 on Global Actuators Market
- 4. Executive Summary
- 5. Voice of Customers
- 6. Global Actuators Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Motion (Linear and Rotary)
- 6.2.2. By Type (Hydraulic, Pneumatic, Electric, and Others)
- 6.2.3. By End-Use Industry (Aerospace & Defense, Automotive, Construction, Chemicals, Food & Beverages, Healthcare & Pharmaceuticals, Marine, Mining, Oil & Gas, Power Generation and Others)
- 6.2.4. By Region
- 6.3. By Company (2022)
- 6.4. Market Map
- 7. North America Actuators Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Motion
- 7.2.2. By Type
- 7.2.3. By End-Use Industry
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Actuators Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Motion
- 7.3.1.2.2. By Type
- 7.3.1.2.3. By End-Use Industry
- 7.3.2. Canada Actuators Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Motion
- 7.3.2.2.2. By Type
- 7.3.2.2.3. By End-Use Industry
- 7.3.3. Mexico Actuators Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Motion
- 7.3.3.2.2. By Type
- 7.3.3.2.3. By End-Use Industry
- 8. Asia-Pacific Actuators Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Motion
- 8.2.2. By Type
- 8.2.3. By End-Use Industry
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Actuators Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Motion
- 8.3.1.2.2. By Type
- 8.3.1.2.3. By End-Use Industry
- 8.3.2. India Actuators Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Motion
- 8.3.2.2.2. By Type
- 8.3.2.2.3. By End-Use Industry
- 8.3.3. Japan Actuators Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Motion
- 8.3.3.2.2. By Type
- 8.3.3.2.3. By End-Use Industry
- 8.3.4. South Korea Actuators Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Motion
- 8.3.4.2.2. By Type
- 8.3.4.2.3. By End-Use Industry
- 8.3.5. Australia Actuators Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Motion
- 8.3.5.2.2. By Type
- 8.3.5.2.3. By End-Use Industry
- 8.3.6. Singapore Actuators Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Motion
- 8.3.6.2.2. By Type
- 8.3.6.2.3. By End-Use Industry
- 8.3.7. Malaysia Actuators Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Motion
- 8.3.7.2.2. By Type
- 8.3.7.2.3. By End-Use Industry
- 9. Europe Actuators Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Motion
- 9.2.2. By Type
- 9.2.3. By End-Use Industry
- 9.2.4. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Actuators Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Motion
- 9.3.1.2.2. By Type
- 9.3.1.2.3. By End-Use Industry
- 9.3.2. United Kingdom Actuators Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Motion
- 9.3.2.2.2. By Type
- 9.3.2.2.3. By End-Use Industry
- 9.3.3. France Actuators Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Motion
- 9.3.3.2.2. By Type
- 9.3.3.2.3. By End-Use Industry
- 9.3.4. Russia Actuators Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Motion
- 9.3.4.2.2. By Type
- 9.3.4.2.3. By End-Use Industry
- 9.3.5. Spain Actuators Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Motion
- 9.3.5.2.2. By Type
- 9.3.5.2.3. By End-Use Industry
- 9.3.6. Belgium Actuators Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Motion
- 9.3.6.2.2. By Type
- 9.3.6.2.3. By End-Use Industry
- 9.3.7. Italy Actuators Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Motion
- 9.3.7.2.2. By Type
- 9.3.7.2.3. By End-Use Industry
- 10. South America Actuators Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Motion
- 10.2.2. By Type
- 10.2.3. By End-Use Industry
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Actuators Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Motion
- 10.3.1.2.2. By Type
- 10.3.1.2.3. By End-Use Industry
- 10.3.2. Argentina Actuators Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Motion
- 10.3.2.2.2. By Type
- 10.3.2.2.3. By End-Use Industry
- 10.3.3. Colombia Actuators Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Motion
- 10.3.3.2.2. By Type
- 10.3.3.2.3. By End-Use Industry
- 10.3.4. Peru Actuators Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Motion
- 10.3.4.2.2. By Type
- 10.3.4.2.3. By End-Use Industry
- 10.3.5. Chile Actuators Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Motion
- 10.3.5.2.2. By Type
- 10.3.5.2.3. By End-Use Industry
- 11. Middle East & Africa Actuators Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Motion
- 11.2.2. By Type
- 11.2.3. By End-Use Industry
- 11.2.4. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Actuators Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Motion
- 11.3.1.2.2. By Type
- 11.3.1.2.3. By End-Use Industry
- 11.3.2. South Africa Actuators Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Motion
- 11.3.2.2.2. By Type
- 11.3.2.2.3. By End-Use Industry
- 11.3.3. UAE Actuators Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Motion
- 11.3.3.2.2. By Type
- 11.3.3.2.3. By End-Use Industry
- 11.3.4. Israel Actuators Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Motion
- 11.3.4.2.2. By Type
- 11.3.4.2.3. By End-Use Industry
- 11.3.5. Turkey Actuators Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Motion
- 11.3.5.2.2. By Type
- 11.3.5.2.3. By End-Use Industry
- 12. Market Dynamics
- 12.1. Drivers
- 12.1.1. Increase in safety measurements in industries
- 12.1.2. Rapid Use of Smart Actuators in Industries to Stimulate Growth
- 12.1.3. Deliveries of commercial aircraft are rising, driving market expansion.
- 12.2. Challenges
- 12.2.1. High maintenance cost
- 12.2.2. Lack of Awareness
- 13. Market Trends & Developments
- 13.1. Rising demand in healthcare industry
- 13.2. Rise In Technological Development
- 13.3. Government Initiatives
- 13.4. Increased investment and R&D
- 14. Company Profiles
- 14.1. Eaton Corporation plc
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/Services
- 14.2. The Emerson Electric Company
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. Festo AG & Co. KG
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Flowserve Corporation
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Honeywell International Inc.
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. KITZ Corporation
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. Rotork plc.
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. SAMSON AG
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Tamagawa Seiki Co. Ltd.
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. SMC Corporation
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
- 15. Strategic Recommendations
- 16. About Us & Disclaimer
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