An actuator is a part of a device or machine that transfers energy (often electrical, air, or hydraulic) into mechanical force so that it can make physical movements. To put it simply, it is the component of a machine that permits it to move. Hydraulic and pneumatic forces are frequently used to power the equipment, which can be controlled manually, electronically, or via software. Actuators can move in two directions: linear and rotational. The linear motion converts energy into position and push and pull functions for other equipment. Rotary motion, on the other hand, enables the movement of numerous ball and butterfly valves.
Actuators Market Scope and Research Methodology
The report comprehensively analyses the Actuators market’s trends, forecasts, and monetary values. The report provides an in-depth analysis of the segments and sub-segments in and regional Actuators markets.The report contains a bottom-up approach to understanding estimations of the market size. Key market participants and new entrants’ services, revenue, financial status, portfolio, growth strategies, and regional presence are all included in the Actuators Market report. The report forecasts the market size and growth rate along with existing and future trends in the Actuators market.
The Actuators market report provides demand projections, market trends, and micro and macro factors in depth. It also identifies the factors that are driving and restricting the Actuators market’s growth. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools are used for the analysis of the Actuators market. The analysis identified key upcoming developments that are expected to influence Actuators market demand over the forecast period.
Actuators Market Report Overview:
The main objective of the SMR’s Actuators Market report is to help clients make business decisions, which help them decide which areas they need to improve, which are already performing well and help the new entrant in their landing and penetrating the competition. The report also enlightens about the challenges prevailing in the Actuators Market.
Actuators Market size was valued at US$ 42.68 Bn. in 2020. The global Actuators Market is estimated to grow at a CAGR of 9.81 % over the forecast period.
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Actuators Market Regional Analysis:
Geographically, Actuators market report is segmented into several key regions are as follows,
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Actuators Market Segmentation:
The Actuators Market is divided into two types based on motion: linear and rotary. In 2020, the Linear segment held a 63.88% market share. The expanding use of linear motion actuators in packing machines, medical equipment, production machinery, transportation, and aerospace and defense industries around the world is driving segment expansion. Some of the major factors driving the actuator market growth for linear actuators are rising demand for fuel-efficient vehicles, stringent environmental regulations, rising automation in emerging economies, and the growing need to improve combustion control, increase reliability, and reduce production costs in manufacturing sectors.
The Actuators Market is divided into four types: electric actuators, mechanical actuators, pneumatic actuators, and hydraulic actuators. The Hydraulic Actuators segment dominated the market in 2020, accounting for 36.79% of the total. Because of its sturdy construction and incorporated backup in case of failure, hydraulic actuators are increasingly being employed in heavy equipment used for construction, mining, agriculture, and other applications. As a result, these factors are propelling the actuator market’s segment growth.
During the forecast period, the Electric Actuators segment is expected to develop at a substantial pace of 8.93% CAGR. Because of their fast speed, electric actuators are widely employed in automotive applications. Electrical actuators provide improved control and acceleration at high speeds. The thrust force can be programmed without the need for compressed air or the related infrastructure, and these actuators require relatively little energy overall.
Actuators Market Key Players:
ABB (Switzerland)
Rockwell Automation (US)
Altra Industrial Motion (US)
Moog (US)
SMC (Japan)
Curtis Wright (Exlar) (US)
MISUMI (Japan)
ZF Friedrichshafen AG (Germany)
HELLA KGaA (Germany)
Continental AG (Germany)
Denso Corporation (Japan)
Delphi Automotive plc (Ireland)
Magna International (Canada)
Borg Warner Inc. (US)
Johnson Electric (Hong Kong)
Nidec Motors & Actuators (Japan)
Eaton Corporation plc (Ireland
Key questions answered in the Actuators Market are:
- What was the Actuators market size in 2021?
- What is the growth rate of the Actuators Market?
- Which are the factors expected to drive the Actuators market growth?
- What are the different segments of the Actuators Market?
- What are the factors restraining the growth of the Actuators Market?
- What segments are covered in the Actuators Market?
- Who are the key players in the Actuators market?
- What are the upcoming industry applications and trends for the Actuators Market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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