Actuator Market Report 2025

The actuator market size has grown strongly in recent years. It will grow from $58.91 billion in 2024 to $63.93 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to automation in manufacturing, industrialization, energy sector expansion, healthcare equipment demand, smart buildings and infrastructure.

The actuator market size is expected to see strong growth in the next few years. It will grow to $90.8 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to renewable energy expansion, electrification of vehicles, precision medicine and biotechnology, urbanization and infrastructure development, focus on energy efficiency, rise of robotics and automation. Major trends in the forecast period include rise of electric actuators, advancements in smart actuators, expansion of industrial internet of things (IIoT) integration, growth in robotics and automation, miniaturization and high-precision actuators adoption of pneumatic and hydraulic actuators in industrial applications.

The surge in electric vehicle adoption stands as a significant driver fostering growth within the actuator market. Actuators, essential components used to regulate movement in electric mobility, play a pivotal role in various functions of electric vehicles. According to the Global EV Outlook 2022 report by the International Energy Agency, sales of electric vehicles witnessed a remarkable surge in 2021, reaching a new high of 6.6 million, comprising both completely electric and plug-in hybrid vehicles. Despite supply chain disruptions, the momentum continued into 2022, with a 75% increase in global electric car sales in the first quarter compared to the same period in the previous year, totaling 2 million units sold. The global electric vehicle count surged to approximately 16.5 million by the end of 2021, quadrupling the number from 2018. Hence, the increasing popularity of electric vehicles is a driving force propelling the growth of the actuator market.

The burgeoning activities in building construction are poised to bolster the actuator market. Building construction involves various processes, from planning to erection, covering residential, commercial, and industrial structures. Actuators play a crucial role in automating ventilation, HVAC systems, and precise control mechanisms in doors, windows, and other building components. Notably, as per the Federal State Statistics Service, construction output in Russia experienced a notable 6.50% increase in July 2023 compared to the same month in the previous year. This upswing in construction activities underscores the escalating need for advanced automation and control solutions, positioning actuators as integral components in meeting the evolving demands of the construction landscape, thereby supporting the growth of the actuator market.

Major companies in the actuator market are concentrating on technological advancements, such as smart actuators for transmission and thermal management in electric vehicles (EVs). For instance, in September 2023, Marelli, a Japan-based automotive parts manufacturer, introduced a new range of multipurpose smart actuators. These smart actuators simplify the actuation of complex vehicle functions, addressing the increasing demand for over 100 actuators in future vehicles. They come equipped with an integrated electronic module that autonomously controls the device and connects it to the vehicle's electronic network. With a flexible, modular, and scalable mechanical design, these actuators can adapt to various vehicle electronics and transmission setups, while the software management ensures seamless integration into the vehicle's systems.

Key players in the actuator market are focused on advancing technology, particularly electric actuators, to enhance precision, efficiency, and responsiveness in various devices. Electric actuators improve functionality and performance in mobile applications, meeting the rising demand for automation and smart technologies across multiple sectors. For example, in March 2023, Ewellix, a Sweden-based provider of actuation solutions, launched electric actuators designed for mobile applications like agricultural and construction machinery, as well as lift platforms. The new actuators offer an impressive combination of exceptional power density, energy efficiency, precise position and motion control, and repeatability. The initial models, set to debut later this year, will have lifting capacities of 3 tons and 15 tons, with future versions anticipated to include intermediate capacities and an electromechanical steer-by-wire option. These actuators are intended to assist original equipment manufacturers (OEMs) in transitioning from traditional hydraulic systems to electrically controlled motion, providing a cleaner, simpler, and more cost-effective solution with significantly lower total ownership costs.

In December 2023, Nihon KOSO, a Japan-based manufacturer of valves, turbine bypass systems, and steam conditioning systems, acquired the valve actuator business of Paladon Systems S.r.l. This acquisition aims to enhance the competitive strength of the KOSO Group, allowing the company to deliver improved services and better meet customer needs. Paladon Systems S.r.l. is an Italy-based manufacturer of actuators.

Major companies operating in the actuator market include Emerson Electric Co., ABB Ltd., Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright Corporation, Eaton Corporation Plc, Honeywell International Inc., Rotork Plc, Misumi Group Inc., Cameron International Corporation, Samson AG, Parker Hannifin Corporation, Venture MFG Co., Altra Industrial Motion, Actuonix Motion Devices Inc., Aptiv PLC, AUMA Riester Gmbh & Co. KG, BorgWarner Inc., Continental AG, Denso Corporation, Festo AG & Co. K.G., Flowserve Corporation, GEA Group AG, General Electric Company, Hitachi Ltd., IAV Automotive Engineering, Johnson Controls International PLC, KITZ Corporation, Mecvel Technologies Private Limited, Nidec Corporation, Regal Rexnord Corporation, Robert Bosch GmbH.

Asia-Pacific was the largest region in the actuator market in 2024. North America was the second-largest region in the actuator market. The regions covered in the actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the actuator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An actuator is a device designed to transform a control signal into mechanical action, typically by driving an electric motor, facilitating the movement or operation of machinery. While actuators traditionally generate circular motion, they can also achieve linear motion through mechanisms such as screws and wheel-and-axle systems.

There are several prominent types of actuators, including pneumatic actuators, hydraulic actuators, electric actuators, and mechanical actuators. Pneumatic actuators, for instance, are mechanical devices converting energy into mechanical motion and find application in various automotive settings such as engine control, transmission control, and braking systems. These actuators offer different motion types, such as linear actuators and rotary actuators, catering to diverse end-user industries such as automotive, aerospace, oil and gas, pharmaceuticals, power generation, food and beverage, chemicals, mining, among others.

The actuator market research report is one of a series of new reports that provides actuator market statistics, including actuator industry global market size, regional shares, competitors with a actuator market share, detailed actuator market segments, market trends and opportunities, and any further data you may need to thrive in the actuator industry. This actuator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The actuator market consists of sales of lead screw actuators and manual valve actuators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.