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The electric actuators market is forecasted to grow by USD 4.25 billion during 2023-2028, accelerating at a CAGR of 4.9% during the forecast period. The report on the electric actuators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for commercial and defense aircraft, increasing use of electric actuators in industrial robots and automation, and growing demand for smart actuators.
The electric actuators market is segmented as below:
By End-user
- Automotive
- Water and wastewater
- Marine
- Aerospace and defense
- Others
By Type
- Rotary
- Linear
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the electric actuators market covers the following areas:
- Electric actuators market sizing
- Electric actuators market forecast
- Electric actuators market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global electric actuators market: ABB Ltd., Actuonix Motion Devices Inc., AUMA Riester GmbH and Co. KG, Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., General Electric Co., HanKun Beijing Fluid Control Technology Co. Ltd., IMI Plc, LINAK AS, Moog Inc., Parker Hannifin Corp., Pon Holdings BV, Rotork Plc, Schaeffler AG, Siemens AG, SMC Corp., SNNA BEFK Union Tech Inc., Statewide Bearings, and TiMOTION Technology Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increased benefits of electric actuators over hydraulic or pneumatic actuators."
According to the report, one of the major drivers for this market is the growing demand for commercial and defense aircraft.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Actuonix Motion Devices Inc.
- AUMA Riester GmbH and Co. KG
- Curtiss Wright Corp.
- Emerson Electric Co.
- Flowserve Corp.
- General Electric Co.
- HanKun Beijing Fluid Control Technology Co. Ltd.
- IMI Plc
- LINAK AS
- Moog Inc.
- Parker Hannifin Corp.
- Pon Holdings BV
- Rotork Plc
- Schaeffler AG
- Siemens AG
- SMC Corp.
- SNNA BEFK Union Tech Inc.
- Statewide Bearings
- TiMOTION Technology Co. Ltd.
