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Actuators Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028

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  • 170 Pages
  • September 2023
  • Region: Global
  • TechSci Research
  • ID: 5880603
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Global actuators market is anticipated to thrive in the forecast period, 2024-2028. The increased use of actuators in heavy machinery across numerous automotive and auto industries has led to an increase in actuator demand. Global acceptance of mechanical advancement in automotive and electrical production is rising. Furthermore, there has been a rise in the demand for novel actuator types that are pertinent to the discipline of electrical engineering, hence driving growth in the global actuators market.

Additionally, it is expected that a surge in industrial automation would fuel market expansion.. Another element driving demand for industrial automation is the expanding global population. Manufacturers automate the process that aids in the mass production of products in order to meet the demands of the growing population, hence contributing to the actuators demand. Moreover, the market is expected to rise due to the increasing usage of industrial robots in mechanical sectors to speed up production and reduce human error.

An actuator is a component of a machine or equipment that aids in generating mechanical force by converting energy, frequently electrical, air, or hydraulic energy. It is, to put it simply, the part of any machine that permits movement. The vibrator on the phone, domestic appliances, simple electronic access control systems, automobiles, industrial machinery, and robots are all examples of machines that utilize actuators. Electric motors, stepper motors, jackscrews, electric muscle stimulators in robots, etc. are typical examples of actuators.

Rapid Use of Smart Actuators in Industries to Stimulate Growth

The latest advancement in the market is the introduction of cutting-edge technologies to create smart actuators. An integrated system of sensors, motors, communication devices, and controllers is known as a smart actuator. The smart actuator that controls the robots used in numerous industries can be quickly modified, constructed, or disassembled. The field's automation and control capabilities will improve as smart actuator use increases. Smart actuators offer a number of benefits, including improved controllability and diagnostic capabilities, increased productivity and efficiency, less complexity and cabling, lower software and hardware costs, improved machine functionality, and others.

Increase in Safety Measurements in Industries

Numerous manufacturing businesses significantly consider safety and security measures for the wellness of their workforces. Actuators aid in monitoring and controlling the flow of several chemicals, gases, and other fluids that may be dangerous to people. These actuators function to stop any undesirable circumstance that could be caused by an overflow or disruption of the flow of a fluid. Worker safety is ensured by these actuators, which operate in accordance with various criteria including pressure, temperature, or volume. As a result, the demand for actuators is driven by strict laws and regulations surrounding safe operations in any industry.

High Installation & Maintenance Costs of Hydraulic and Pneumatic Actuators to Hamper Growth

Due to the fluids they contain, hydraulic actuators are challenging to install. As a result, installing it might be expensive, especially when installing it for a large manufacturing line. It is anticipated that this may impede market expansion. Additionally, to produce the necessary output, hydraulic actuation systems employ a fluid medium like oil or water, while pneumatic actuation systems use air. The market is hampered by oil or water leaks since they harm the product, reduce its effectiveness, and raise its maintenance costs. The many actuators used in a wide range of applications have problems. Efficiency is compromised in the case of hydraulic linear actuators due to fluid leakage, which causes problems with cleanliness. Additionally, it necessitates routine inspection and upkeep of the likes of motors, release valves, fluid reservoirs, pumps, and more. Additionally, the complexity and cost are increased by the pneumatic actuators' need for proportional-sized valves, compressors, and regulators for various operations. As a result, the market growth of actuators is hampered by key reasons such continuous seal wear, improper assembly or maintenance, dangers related to steam valves, decreased control quality, and others.

Market Segmentation

The Global Actuators Market is segmented into motion, type, end-use industry. Based on motion, the market is segmented into linear and rotary. Based on type, the market is divided into hydraulic, pneumatic, electric, and others. Based on end-use industry, it is categorized into aerospace & defense, automotive, construction, chemicals, food & beverages, healthcare & pharmaceuticals, marine, mining, oil & gas, power generation and others.

Market Players

Major market players in the global actuators market are Eaton Corporation plc, The Emerson Electric Company, Festo AG & Co. KG, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Rotork plc., SAMSON AG, Tamagawa Seiki Co. Ltd. and SMC Corporation.

Report Scope:

In this report, the Global Actuators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Actuators Market, By Motion:

  • Linear
  • Rotary

Actuators Market, By Type:

  • Hydraulic
  • Pneumatic
  • Electric
  • Others

Actuators Market, By End-Use Industry:

  • Aerospace & Defense
  • Automotive
  • Construction
  • Chemicals
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Marine
  • Mining
  • Oil & Gas
  • Power Generation
  • Others

Actuators Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
  • Belgium
  • Italy
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Israel
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Actuators market.

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Table of Contents

1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Actuators Market4. Executive Summary5. Voice of Customers
6. Global Actuators Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Motion (Linear and Rotary)
6.2.2. By Type (Hydraulic, Pneumatic, Electric, and Others)
6.2.3. By End-Use Industry (Aerospace & Defense, Automotive, Construction, Chemicals, Food & Beverages, Healthcare & Pharmaceuticals, Marine, Mining, Oil & Gas, Power Generation and Others)
6.2.4. By Region
6.3. By Company (2022)
6.4. Market Map
7. North America Actuators Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Motion
7.2.2. By Type
7.2.3. By End-Use Industry
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Actuators Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Motion
7.3.1.2.2. By Type
7.3.1.2.3. By End-Use Industry
7.3.2. Canada Actuators Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Motion
7.3.2.2.2. By Type
7.3.2.2.3. By End-Use Industry
7.3.3. Mexico Actuators Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Motion
7.3.3.2.2. By Type
7.3.3.2.3. By End-Use Industry
8. Asia-Pacific Actuators Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Motion
8.2.2. By Type
8.2.3. By End-Use Industry
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Actuators Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Motion
8.3.1.2.2. By Type
8.3.1.2.3. By End-Use Industry
8.3.2. India Actuators Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Motion
8.3.2.2.2. By Type
8.3.2.2.3. By End-Use Industry
8.3.3. Japan Actuators Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Motion
8.3.3.2.2. By Type
8.3.3.2.3. By End-Use Industry
8.3.4. South Korea Actuators Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Motion
8.3.4.2.2. By Type
8.3.4.2.3. By End-Use Industry
8.3.5. Australia Actuators Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Motion
8.3.5.2.2. By Type
8.3.5.2.3. By End-Use Industry
8.3.6. Singapore Actuators Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Motion
8.3.6.2.2. By Type
8.3.6.2.3. By End-Use Industry
8.3.7. Malaysia Actuators Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Motion
8.3.7.2.2. By Type
8.3.7.2.3. By End-Use Industry
9. Europe Actuators Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Motion
9.2.2. By Type
9.2.3. By End-Use Industry
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Actuators Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Motion
9.3.1.2.2. By Type
9.3.1.2.3. By End-Use Industry
9.3.2. United Kingdom Actuators Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Motion
9.3.2.2.2. By Type
9.3.2.2.3. By End-Use Industry
9.3.3. France Actuators Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Motion
9.3.3.2.2. By Type
9.3.3.2.3. By End-Use Industry
9.3.4. Russia Actuators Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Motion
9.3.4.2.2. By Type
9.3.4.2.3. By End-Use Industry
9.3.5. Spain Actuators Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Motion
9.3.5.2.2. By Type
9.3.5.2.3. By End-Use Industry
9.3.6. Belgium Actuators Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Motion
9.3.6.2.2. By Type
9.3.6.2.3. By End-Use Industry
9.3.7. Italy Actuators Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Motion
9.3.7.2.2. By Type
9.3.7.2.3. By End-Use Industry
10. South America Actuators Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Motion
10.2.2. By Type
10.2.3. By End-Use Industry
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Actuators Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Motion
10.3.1.2.2. By Type
10.3.1.2.3. By End-Use Industry
10.3.2. Argentina Actuators Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Motion
10.3.2.2.2. By Type
10.3.2.2.3. By End-Use Industry
10.3.3. Colombia Actuators Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Motion
10.3.3.2.2. By Type
10.3.3.2.3. By End-Use Industry
10.3.4. Peru Actuators Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Motion
10.3.4.2.2. By Type
10.3.4.2.3. By End-Use Industry
10.3.5. Chile Actuators Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Motion
10.3.5.2.2. By Type
10.3.5.2.3. By End-Use Industry
11. Middle East & Africa Actuators Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Motion
11.2.2. By Type
11.2.3. By End-Use Industry
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Actuators Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Motion
11.3.1.2.2. By Type
11.3.1.2.3. By End-Use Industry
11.3.2. South Africa Actuators Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Motion
11.3.2.2.2. By Type
11.3.2.2.3. By End-Use Industry
11.3.3. UAE Actuators Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Motion
11.3.3.2.2. By Type
11.3.3.2.3. By End-Use Industry
11.3.4. Israel Actuators Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Motion
11.3.4.2.2. By Type
11.3.4.2.3. By End-Use Industry
11.3.5. Turkey Actuators Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Motion
11.3.5.2.2. By Type
11.3.5.2.3. By End-Use Industry
12. Market Dynamics
12.1. Drivers
12.1.1. Increase in safety measurements in industries
12.1.2. Rapid Use of Smart Actuators in Industries to Stimulate Growth
12.1.3. Deliveries of commercial aircraft are rising, driving market expansion.
12.2. Challenges
12.2.1. High maintenance cost
12.2.2. Lack of Awareness
13. Market Trends & Developments
13.1. Rising demand in healthcare industry
13.2. Rise In Technological Development
13.3. Government Initiatives
13.4. Increased investment and R&D
14. Company Profiles
14.1. Eaton Corporation plc
14.1.1. Business Overview
14.1.2. Key Revenue and Financials
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.2. The Emerson Electric Company
14.2.1. Business Overview
14.2.2. Key Revenue and Financials
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.3. Festo AG & Co. KG
14.3.1. Business Overview
14.3.2. Key Revenue and Financials
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.4. Flowserve Corporation
14.4.1. Business Overview
14.4.2. Key Revenue and Financials
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.5. Honeywell International Inc.
14.5.1. Business Overview
14.5.2. Key Revenue and Financials
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.6. KITZ Corporation
14.6.1. Business Overview
14.6.2. Key Revenue and Financials
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.7. Rotork plc.
14.7.1. Business Overview
14.7.2. Key Revenue and Financials
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.8. SAMSON AG
14.8.1. Business Overview
14.8.2. Key Revenue and Financials
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.9. Tamagawa Seiki Co. Ltd.
14.9.1. Business Overview
14.9.2. Key Revenue and Financials
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.10. SMC Corporation
14.10.1. Business Overview
14.10.2. Key Revenue and Financials
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
15. Strategic Recommendations16. About the Publisher & Disclaimer

Companies Mentioned

  • Eaton Corporation plc
  • The Emerson Electric Company
  • Festo AG & Co. KG
  • Flowserve Corporation
  • Honeywell International Inc.
  • KITZ Corporation
  • Rotork plc.
  • SAMSON AG
  • Tamagawa Seiki Co. Ltd.
  • SMC Corporation

Table Information

Report AttributeDetails
No. of Pages170
PublishedSeptember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 49.65 Billion
Forecasted Market Value ( USD ) by 2028 $ 77.4 Billion
Compound Annual Growth Rate7.4%
Regions CoveredGlobal
No. of Companies Mentioned10

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