The Robotics And Automation Actuators Global Market Report 2023 by The Business Research Company, provides robotics and automation actuators market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Robotics And Automation Actuators Global Market Report 2023, the market size is expected to grow from$22.61 billion in 2022 to $26.13 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global robotics and automation actuators is expected to grow to $46.07 billion in 2027 at a CAGR of 15.2%.
The increasing demand for industrial robots is expected to propel the growth of the robotics and automation actuators market going forward. Industrial robots are mechanical systems or machines programmed to perform production-related activities autonomously in industrial settings. They are reprogrammable, employed for various applications, and are considered flexible automation. The electric actuator enables the industrial robots to constantly execute highly automated motion sequences with high precision and speed.
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The robotics and automation actuators market is segmented:
1) By Types: Rotary Actuators, Linear Actuators
2) By Actuation: Electric, Pneumatic, Hydraulic
3) By Applications: Process Automation, Robotics
4) By Vertical: Food And Beverages, Power Generation, Chemicals, Paper And plastics, Pharmaceutical And Healthcare, Automotive, Aerospace And Defense, Electronics And Electricals, Other Verticals
Technological advancement is a key trend gaining popularity in the robotics and automation actuator market. Major companies operating in the robotics and automation actuators sector are focused on developing technologically advanced solutions, including smart actuators, to strengthen their position. For instance, in October 2021, Ewellix, a Sweden-based manufacturer and supplier of linear motion solutions, launched a smart electro-mechanical actuator with expanded capability for use in agricultural and construction gear. The smart actuator offers four new or improved functions such as communication, built-in monitoring and diagnostics, precise position sensors, and in-control.
The robotics and automation actuators market report table of contents includes:
1. Executive Summary
2. Robotics And Automation Actuators Market Characteristics
3. Robotics And Automation Actuators Market Trends And Strategies
4. Robotics And Automation Actuators Market – Macro Economic Scenario
5. Robotics And Automation Actuators Market Size And Growth
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26. Africa Robotics And Automation Actuators Market
27. Robotics And Automation Actuators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robotics And Automation Actuators Market
29. Robotics And Automation Actuators Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- SMC Corporation
- Rockwell Automation
- Curtiss-Wright Corporation
- ABB Group
- Tolomatic
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