The global market for Actuators was valued at an estimated US$61.1 Billion in 2023 and is projected to reach US$108.7 Billion by 2030, growing at a CAGR of 8.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the actuators market is driven by several factors, reflecting the increasing demand for automation and advanced control systems across various industries. One significant driver is the expanding industrial automation sector, where actuators are essential for enhancing productivity and efficiency in manufacturing processes. The growing adoption of robotics in both industrial and service applications also propels the demand for actuators. In the automotive industry, the shift towards electric and autonomous vehicles requires advanced actuator systems for functions such as steering, braking, and suspension control.
Additionally, the aerospace industry relies on high-performance actuators for flight control and other critical functions. The trend towards smart infrastructure and the integration of IoT in building management systems further boosts the market, as actuators play a crucial role in the automation of HVAC, lighting, and security systems. Furthermore, the push for energy-efficient solutions and the development of renewable energy technologies drive the need for actuators in applications such as wind turbines and solar tracking systems. These factors collectively ensure the dynamic growth and continuous innovation within the actuators market.
The growth in the actuators market is driven by several factors, reflecting the increasing demand for automation and advanced control systems across various industries. One significant driver is the expanding industrial automation sector, where actuators are essential for enhancing productivity and efficiency in manufacturing processes. The growing adoption of robotics in both industrial and service applications also propels the demand for actuators. In the automotive industry, the shift towards electric and autonomous vehicles requires advanced actuator systems for functions such as steering, braking, and suspension control.
Additionally, the aerospace industry relies on high-performance actuators for flight control and other critical functions. The trend towards smart infrastructure and the integration of IoT in building management systems further boosts the market, as actuators play a crucial role in the automation of HVAC, lighting, and security systems. Furthermore, the push for energy-efficient solutions and the development of renewable energy technologies drive the need for actuators in applications such as wind turbines and solar tracking systems. These factors collectively ensure the dynamic growth and continuous innovation within the actuators market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Linear Actuators segment, which is expected to reach US$72.5 Billion by 2030 with a CAGR of a 8.9%. The Rotary Actuators segment is also set to grow at 7.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $9.2 Billion in 2023, and China, forecasted to grow at an impressive 10.9% CAGR to reach $34.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Actuators Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Actuators Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Actuators Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Limited, Auma Riester GmbH & Co. KG, Cair Euromatic Automation Pvt. Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 371 Featured):
- ABB Limited
- Auma Riester GmbH & Co. KG
- Cair Euromatic Automation Pvt. Ltd.
- Curtiss Wright Corp.
- Eaton Corporation plc
- Elger Controls India Private Ltd.
- Festo Vertrieb GmbH & Co. KG
- Flowserve Corporation
- Harmonic Drive LLC
- Honeywell International Inc.
- Indelac Controls, Inc.
- KITZ Corporation
- Micromatic LLC
- MISUMI Group, Inc.
- Moog, Inc.
- Motion Systems Corp.
- Pentair Plc
- Rockwell Automation, Inc.
- Rotork Plc
- SMC Corporation
- Sumitomo Heavy Industries, Ltd.
- The Emerson Electric Company
- Timotion Technology Co. Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
Companies Mentioned
- ABB Limited
- Auma Riester GmbH & Co. KG
- Cair Euromatic Automation Pvt. Ltd.
- Curtiss Wright Corp.
- Eaton Corporation plc
- Elger Controls India Private Ltd.
- Festo Vertrieb GmbH & Co. KG
- Flowserve Corporation
- Harmonic Drive LLC
- Honeywell International Inc.
- Indelac Controls, Inc.
- KITZ Corporation
- Micromatic LLC
- MISUMI Group, Inc.
- Moog, Inc.
- Motion Systems Corp.
- Pentair Plc
- Rockwell Automation, Inc.
- Rotork Plc
- SMC Corporation
- Sumitomo Heavy Industries, Ltd.
- The Emerson Electric Company
- Timotion Technology Co. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 1049 |
Published | July 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 61.1 Billion |
Forecasted Market Value ( USD | $ 108.7 Billion |
Compound Annual Growth Rate | 8.6% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |