The global market for Actuators was valued at US$66.3 Billion in 2024 and is projected to reach US$108.7 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly enhanced the performance, efficiency, and capabilities of actuators. Modern actuators are increasingly integrated with smart technologies, such as sensors and IoT connectivity, enabling real-time monitoring and control. This integration allows for predictive maintenance, reducing downtime and extending the lifespan of equipment. In the field of robotics and automation, actuators are becoming more compact and powerful, facilitating the development of sophisticated and agile robotic systems. The adoption of advanced materials and manufacturing techniques, such as additive manufacturing, has also led to the production of actuators with improved durability and performance characteristics. Moreover, innovations in electric actuators, including the development of brushless motors and advanced drive electronics, have enhanced their efficiency and precision, making them suitable for a broader range of applications.
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.
Global Actuators Market - Key Trends & Drivers Summarized
Actuators are critical components in a wide range of mechanical systems, converting electrical, hydraulic, or pneumatic energy into motion. They are fundamental in various applications, from industrial machinery and robotics to aerospace and automotive systems. Actuators come in several types, including linear, rotary, electric, hydraulic, and pneumatic actuators, each suited to specific tasks and environments. Linear actuators provide straight-line motion, ideal for applications such as valve control and machinery automation, while rotary actuators are used for tasks that require rotational movement. Electric actuators are known for their precision and control, hydraulic actuators are valued for their power and reliability in heavy-duty applications, and pneumatic actuators are preferred for their simplicity and rapid response in environments where compressed air is readily available.Technological advancements have significantly enhanced the performance, efficiency, and capabilities of actuators. Modern actuators are increasingly integrated with smart technologies, such as sensors and IoT connectivity, enabling real-time monitoring and control. This integration allows for predictive maintenance, reducing downtime and extending the lifespan of equipment. In the field of robotics and automation, actuators are becoming more compact and powerful, facilitating the development of sophisticated and agile robotic systems. The adoption of advanced materials and manufacturing techniques, such as additive manufacturing, has also led to the production of actuators with improved durability and performance characteristics. Moreover, innovations in electric actuators, including the development of brushless motors and advanced drive electronics, have enhanced their efficiency and precision, making them suitable for a broader range of applications.
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.
Scope of the Study
The report analyzes the Actuators market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Linear Actuators, Rotary Actuators); Actuation (Electrical, Hydraulic, Pneumatic, Other Actuations.Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.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 9.0%. The Rotary Actuators segment is also set to grow at 7.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $9.8 Billion in 2024, and China, forecasted to grow at an impressive 11.0% CAGR to reach $34.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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., Curtiss Wright Corp., Eaton Corporation plc and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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?
Some of the 371 major companies featured in this Actuators market report include:
- 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. METHODOLOGYMII. 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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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 | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 66.3 Billion |
| Forecasted Market Value ( USD | $ 108.7 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
