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Actuators Market

Actuators Market Size, Share & Segmentation by Type (Linear Actuator and Rotary Actuator), by Actuation (Electrical, Pneumatic, Hydraulic, Others), by Application (Industrial automation, Robotics, Vehicles, and Equipment), by Vertical (Food & Beverage, Oil & Gas, Metals, Mining, and Machinery, Power Generation, Chemicals, Paper, and Plastics, Pharmaceutical & Healthcare, Automotive, Aerospace & Defense, Marine, Electronics & Electrical, Construction, Agriculture, Utilities, Household & Entertainment.), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1155 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Actuators Market size was valued at USD 51.69 Bn in 2021 and is expected to reach at USD 93.94 Bn by 2028, and grow at a CAGR of 8.91% over the forecast period 2022-2028.

A mechanical component that aids in the conversion of energy into motion and regulates machinery, equipment, and systems is known as an actuator. The equipment is often powered by hydraulic and pneumatic forces and can be controlled manually, electrically, or via software. Actuators move in two directions: linear and rotational. The linear motion transforms energy for the purpose of placing other equipment and performing push and pull functions. Rotary motion, on the other hand, allows different ball and butterfly valves to move. Electric motors, solenoids, hard drive stepper motors, and comb drivers are the most popular types of actuators, and they have a wide range of applications in industries such as food and beverage, oil and gas, power generation, and metals and mining, chemicals, automotive, and aerospace.

Actuators Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Actuator Technological Advancements.

  • The Number of Aircraft Carriages Is Increasing.

  • Global Automotive Industry Continues to Expand.

RESTRAINTS:

  • norms for competitive pricing.

  • Repairing leaks is a time-consuming process.

  • upkeep expenditures are high.

OPPORTUNITY:

  • Actuators are widely used in a variety of sectors.

  • Linear actuators play an essential role in everyday life

  • used exclusively for applications.

CHALLENGES:

  • The installation of pneumatic actuators is a time-consuming task.

  • Fluid leakage is a possibility, and fire is a possibility.

  • Erosion caused by fluid leaks is a significant issue.

IMPACT OF COVID-19:

Global supply chains and corporate procedures have been disrupted by the COVID-19 epidemic. While the pandemic had no effect on valve actuator demand in 2019, the market predictions take into account industry trends and how the COVID-19 pandemic would affect the valve actuators market in several vertical sectors. The current COVID-19 epidemic has had a negative impact on most industries that use actuators, including agricultural, healthcare, automotive, aerospace and defense, and food and beverage. Aside from the healthcare industry, practically every other industrial sector has experienced a decline. In addition, the application of lockdowns and quarantine rules in India, Canada, and European countries has disrupted the regular flow of commerce, demand for new projects, and income in important industries such as aviation, automotive, oil, and gas. These industries are often the most promising for the actuators industry.

MARKET ESTIMATION:

The growing usage of packing machines, medical equipment, manufacturing machinery, transportation, and aerospace and military industries can be contributed to the expansion in the type segment. Actuators are employed not only in the key functioning systems of a car but also in the bodywork and interior. As a result, demand for actuators in the automobile industry is increasing. At high speeds, electrical actuators give improved control and acceleration. The force used to deliver thrust may be programmed without the need for compressed air or associated equipment, and these actuators consume very little energy overall. Actuators utilized in automobiles, aviation, ships, and defense vehicles for motion control are included in the vehicles and equipment section. Actuators might be hydraulic, pneumatic, electrical, or mechanical. Actuators are widely employed in a variety of automotive, airplane, and ship systems, as well as defense vehicles.

KEY SEGMENTATION:

On The Basis of Type

  • Linear Actuator

  • Rotary Actuator

On The Basis of Actuation

  • Electrical

  • Pneumatic

  • Hydraulic

  • Others

On The Basis of Application

  • Industrial automation

  • Robotics

  • Vehicles and Equipment

On The Basis of Vertical

  • Food & Beverages

  • Oil & Gas;

  • Metals, Mining, and Machinery

  • Power Generation

  • Chemicals, Paper, and Plastics

  • Pharmaceutical & Healthcare

  • Automotive

  • Aerospace & Defense

  • Marine

  • Electronics & Electrical

  • Construction

  • Agriculture

  • Utilities

  • Household & Entertainment

Actuators Market Segment Chart

KEY PLAYERS:

The major key players are CRANE CO., EMERSON (PENTAIR VALVES), FLOWSERVE CORPORATION, GENERAL ELECTRIC COMPANY, IMI PLC, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, ROTORK PLC, SCHLUMBERGER LIMITED.

REGIONAL ANALYSIS:

The market for actuators is divided into four major regions: the Americas, Europe, Asia Pacific, the Middle East, and Africa. The market in the Asia Pacific area has enormous potential. Over the next few years, the area is also predicted to dominate worldwide IoT development. IoT has been a hot topic in emerging markets like India and China. This includes the creation of smart cities and IoT-specific centers of excellence, which are projected to drive demand for actuators at the same time. During the projection period, the Asia Pacific market is expected to develop at the fastest rate. One of the most important locations for actuators is the Americas. In the foreseeable future, the American market has immense growth potential. To resuscitate growth, the company is increasing investments in the life sciences, automotive, food processing, and packaging sectors. As a result, the market in America is predicted to increase at a positive growth rate. Europe is a prominent location for electric two-wheelers, with a large market due to the existence of profitable nations such as Germany, the United Kingdom, and Norway. Furthermore, the region is home to major car manufacturers such as Audi, BMW, and Volvo, to name a few. This has a favorable impact on the market's growth as well.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Actuators Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 51.69  Billion
Market Size by 2028 US$ 93.94  Billion
CAGR CAGR of 8.91% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Linear Actuator and Rotary Actuator)
• by Actuation (Electrical, Pneumatic, Hydraulic, Others)
• by Application (Industrial automation, Robotics, Vehicles, and Equipment)
• by Vertical (Food & Beverage, Oil & Gas, Metals, Mining, and Machinery, Power Generation, Chemicals, Paper, and Plastics, Pharmaceutical & Healthcare, Automotive, Aerospace & Defense, Marine, Electronics & Electrical, Construction, Agriculture, Utilities, Household & Entertainment.)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles CRANE CO., EMERSON (PENTAIR VALVES), FLOWSERVE CORPORATION, GENERAL ELECTRIC COMPANY, IMI PLC, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, ROTORK PLC, SCHLUMBERGER LIMITED.
Key Drivers •Actuator Technological Advancements.

•The Number of Aircraft Carriages Is Increasing.
Restraints •norms for competitive pricing.

•Repairing leaks is a time-consuming process.


Frequently Asked Questions (FAQ) :

Ans: - Actuators Market Size was valued at USD 51.69 Bn in 2021.

Ans: - Actuator Technological Advancements and the Number of Aircraft Carriages Is Increasing.

Ans: - 4 segments of the Actuators Market.

Ans: - The major key players are CRANE CO., EMERSON (PENTAIR VALVES), FLOWSERVE CORPORATION, GENERAL ELECTRIC COMPANY, IMI PLC, KITZ CORPORATION, METSO OYJ (NELES OYJ), PARKER-HANNIFIN CORPORATION, ROTORK PLC, SCHLUMBERGER LIMITED.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Actuators Market Segmentation, by Type

8.1 Linear Actuator

8.2 Rotary Actuator

 

9. Actuators Market Segmentation, by Actuation

9.1 Electrical

9.2 Pneumatic

9.3 Hydraulic

9.4 Others

 

10. Actuators Market Segmentation, by Application

10.1 Industrial automation

10.2 Robotics

10.3 Vehicles and Equipment

 

11. Actuators Market Segmentation, by vertical 

11.1 Food & Beverages

11.2 Oil & Gas;

11.3 Metals, Mining, and Machinery

11.4 Power Generation

11.5 Chemicals, Paper, and Plastics

11.6 Pharmaceutical & Healthcare

11.7 Automotive

11.8 Aerospace & Defense

11.9 Marine

11.10 Electronics & Electrical

11.11 Construction

11.12 Agriculture

11.13 Utilities

11.14 Household & Entertainment.

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 CRANE CO.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 EMERSON (PENTAIR VALVES)

13.3 FLOWSERVE CORPORATION

13.4 GENERAL ELECTRIC COMPANY

13.5 IMI PLC

13.6 KITZ CORPORATION

13.7 METSO OYJ (NELES OYJ)

13.8 PARKER-HANNIFIN CORPORATION

13.9 ROTORK PLC

13.10 SCHLUMBERGER LIMITED.

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14. 3 Recent Developments

 

15. Conclusion

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Secondary Research

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