Electric Actuator Market Forecasts from 2023 to 2028

The global electric actuator market was valued at US$18.344 billion in 2021.

The electric actuator market is estimated to grow at a steady rate during the forecast period. An electric actuator is a mechanical device that harnesses the power of an electric motor to produce controlled linear or rotary motion. This mechanism is specifically designed to generate force and induce movement in a load or perform tasks that require the application of force, such as clamping. By converting electrical energy into kinetic energy, electric actuators enable precise and controlled motion in various applications. They are broadly classified into two types linear electric actuators and rotatory electric actuators. The rise in industrial automation is the prominent driver to boost the electric actuator market size year-by-year.

Increasing industrial automation drives the electric actuator market growth.

The increasing demand for automation in various industries, including manufacturing, electronics, and aerospace, is fuelling the adoption of electric actuators. These actuators play a vital role in achieving precise and efficient motion control, making them indispensable components for automation in these sectors. Hence, enhancing the growth of the electric actuators industry. The Indian government launched the “Production Linked Incentive (PLI)” scheme in April 2021 to enhance smart manufacturing in major sectors such as automotive through by employing the usage of advanced technologies including robotics and automation.

High electric vehicle demand bolsters the electric actuators industry growth.

The increasing popularity of electric vehicles is driving the expansion of the electric actuators market size. These actuators play a vital role in electric vehicles by enabling precise control over important functions like steering, braking, and throttle control, as a result, the market for electric actuators is growing significantly. According to the International Energy Agency, in 2021, electric car sales achieved a remarkable milestone, the sales volume nearly doubled from the previous year, totalling 6.6 million units, which accounted for an impressive sales share of approximately 9%. Consequently, the total number of electric cars on the road soared to 16 million.

Rising aerospace and defense production will accelerate electric actuators market growth.

Electric actuators play a crucial role in aerospace applications such as aircraft control surfaces, weapon systems, landing gear, and unmanned aerial vehicles, providing precise and efficient motion control. As the aerospace and defense industries expand, there is an increased demand for electric actuators, for improved safety, and low maintenance requirements in aircraft which is fuelling the growth of the electric actuators industry. According to the General Aviation Manufacturers Association, piston airplane deliveries experienced a significant increase of 8.2%, reaching a total of 1, 524 units. Turboprop airplane deliveries also showed a positive trend, with a growth rate of 10.4% and a total of 582 units delivered.

Asia Pacific is projected to dominate the electric actuator market.

Factors such as rapid industrialization, expanding manufacturing sectors, and a growing focus on automation are propelling the market demand for electric actuators in the Asia Pacific. Major nations namely India and China, in particular, have witnessed significant growth in their respective industrial sectors and additionally, these countries are investing in infrastructure development, smart cities, and renewable energy projects, further boosting the adoption of electric actuators. According to the International Federation of Robotics, China has emerged as a prominent global leader in the field of automation. During the period from 2018 to 2020, the sales of industrial robots in China exhibited an average annual increase ranging between 15 and 20%. This growth highlights China's progress in adopting and integrating automation technologies.

Rising alternative technologies restrain the electric actuator market growth.

The growth of the electric actuator market can be restrained by the widespread usage and advantages offered by hydraulic and pneumatic actuators in various industries. These well-established technologies have a long-standing presence and a proven track record in specific applications, creating a level of familiarity and trust among industries. This competition from hydraulic and pneumatic actuators can slow down the adoption of electric actuators as it requires convincing industries to transition from existing systems, potentially requiring additional investments, modifications, or reengineering.

Key Developments

• March 2023:Ewellix recently introduced a cutting-edge range of electric actuators in Las Vegas, targeting mobile applications such as agricultural and construction machinery, as well as lift platforms. These next-generation actuators are designed to offer a remarkable combination of superior power density and impressive energy efficiency.
• June 2022:Emerson has recently introduced the AVENTICS Series Servo Profile Advanced (SPRA) electric actuators, which offer a versatile solution for various industrial applications. These electric actuators are designed with rod-style cylinders that deliver exceptional precision and repeatability.
• September 2022:Valworx recently introduced an exciting addition to its product lineup with the launch of a new line of explosion-proof electric actuators. These actuators have received certifications to meet the stringent UL Class I Div I and ATEX standards, making them suitable for use in environments where explosive gases may be present. The introduction of Valworx's explosion-proof electric actuators provides customers with a reliable and safe solution for applications.
• November 2020:A collaborative effort between Linak Techline and Danfoss Power Solutions has opened up new possibilities for engineers to seamlessly integrate electric actuators into their design processes for intelligent off-highway vehicles and heavy-duty machinery. This collaboration empowers engineers with the flexibility to incorporate electric actuation systems.
• August 2021:Rollon, a renowned manufacturer specializing in linear motion guides, actuators, and systems, has recently completed the acquisition of Intelligent Machine Solutions, Inc. (iMS. This strategic acquisition allows Rollon to further broaden its portfolio of linear actuator modules, reinforcing its commitment to providing comprehensive solutions to customers in the automation sector.

Company Products

• Slider type LEF series:This product provided by SMC Corporation offers a convenient feature known as restart from the last stop position, enabling users to easily resume operation after a power supply recovery. With this functionality, users can conveniently restart the actuator from its previous position without the need for manual repositioning or recalibration.
• Bettis XTE3000 Electric Actuator:This product provided by Emerson Electric Co is an intelligent multi-turn electric actuator meticulously engineered to fulfill the rigorous valve automation requirements in the Oil & Gas, Power, and Process industries.

Segmentation

By Type

• Linear Electric Actuator
• Small Linear Electric Actuator
• Linear Electric Cut-Off Actuator
• Rotary Actuator
• Rotary Electric Cut-Off Actuator
• Rotary Electric Regulating Type Actuator
• SMC Electric Actuator

By Material Type

• Plastic
• Steel

By Application type

• Industrial
• Automotive
• Food & Beverage
• Electric & Electronics
• Paper & Pulp
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Other