The Actuators Market size was valued at USD 56.29 Bn in 2022 and is expected to reach USD 111.43 Bn by 2030 and grow at a CAGR of 8.91% over the forecast period 2023-2030.
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.
To get more information on Actuators Market - Request Free Sample Report
Actuator Technological Advancements.
The Number of Aircraft Carriages Is Increasing.
Global Automotive Industry Continues to Expand.
norms for competitive pricing.
Repairing leaks is a time-consuming process.
upkeep expenditures are high.
Actuators are widely used in a variety of sectors.
Linear actuators play an essential role in everyday life
used exclusively for applications.
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.
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.
On The Basis of Type
On The Basis of Actuation
On The Basis of Application
Vehicles and Equipment
On The Basis of Vertical
Food & Beverages
Oil & Gas
Metals, Mining, and Machinery
Chemicals, Paper, and Plastics
Pharmaceutical & Healthcare
Aerospace & Defense
Electronics & Electrical
Household & Entertainment
Need any customization research on Actuators Market - Enquiry Now
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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 and other players
Flowserve Corporation - Company Financial Analysis
|Market Size in 2022
|US$ 56.29 Billion
|Market Size by 2030
|US$ 111.43 Billion
|CAGR of 8.91% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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.)
|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)
|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.
|•Actuator Technological Advancements.
•The Number of Aircraft Carriages Is Increasing.
|•norms for competitive pricing.
•Repairing leaks is a time-consuming process.
Ans: The Actuators Market size was valued at USD 56.29 Bn in 2022.
Ans: - Actuator Technological Advancements and the Number of Aircraft Carriages Is Increasing.
Ans: The Actuators Market is to grow at a CAGR of 8.91% From 2023 to 2030.
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
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
10. Actuators Market Segmentation, by Application
10.1 Industrial automation
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
11.8 Aerospace & Defense
11.10 Electronics & Electrical
11.14 Household & Entertainment.
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 CRANE CO.
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Construction Equipment Rental Market size was estimated at USD 189.85 Billion in 2022 and is expected to reach USD 302.59 Billion by 2030 at a CAGR of 6% during the forecast period of 2023-2030.
The Water and Wastewater Treatment Equipment Market size was valued at USD 66.33 Bn in 2022 and is expected to reach at USD 93.40 Bn by 2030 and grow at a CAGR of 4.37% over the forecast period 2023-2030.
The CNC Machine Tools Market size was valued at USD 91.192 Billion in 2022. It is expected to grow to USD 129.68 Billion by 2030 and grow at a CAGR of 4.5% over the forecast period of 2023-2030.
The Machine Tools Market size was estimated at USD 87.93 billion in 2022 and is expected to reach USD 138.0 billion by 2030 at a CAGR of 5.8% during the forecast period of 2023-2030.
The Industrial vending machine Market size was valued at USD 1.43 Bn in 2022 and is expected to reach USD 3.24 Bn by 2030 with a growing at CAGR of 10.7 % over the forecast period 2023-2030.
The Well Completion Equipment Market Size was esteemed at USD 11.07 billion in 2022 and is supposed to arrive at USD 16.11 billion by 2030, and develop at a CAGR of 4.78% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone