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Robotics and Automation Actuators Market Report Scope & Overview:

The Robotics and Automation Actuators Market Size was valued at USD 19.49 billion in 2022, expected to reach USD 55.60 billion by 2030 and grow at a CAGR of 14% over the forecast period 2023-2030.

Some of the opportunities influencing the growth of the robotics and automation actuators market include the development of advanced and cost-effective robotics and automation actuators, as well as increased demand in various industry verticals for industrial robots and process automation.

Robotics and Automation Actuators Market Revenue Analysis

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MARKET DYNAMICS

KEY DRIVERS

  • Continuous technical progress in robotics and automation actuators.

  • Process automation investments in emerging economies' industries.

RESTRAINTS

  • Crude oil prices have plummeted in recent years, affecting the overall market for various components used in the oil and gas supply chain, including robotics and automation actuators.

  • The ongoing volatility in the oil and gas business, as well as the price of crude oil.

OPPORTUNITIES

  • In several industries, there is a high demand for new and sophisticated actuators.

  • Smart city development throughout the world.

CHALLENGES

  • Problems with power usage, noise, and leaking.

  • Customers may not prefer purchasing actuators due to the possibility of defective circuit designs.

THE IMPACT OF COVID-19

However, in light of the recent COVID-19 outbreak, numerous industries' operations have either been temporarily halted or are operating with a reduced workforce due to imposed lockdown and restrictions by respective governing bodies. The global Robotics and Automation Actuators market is no exception, and this factor is expected to have a significant negative impact on the industry's revenue growth. Furthermore, the high costs associated with the installation and maintenance of these machines may impede the revenue growth of the global Robotics and Automation Actuators market during the forecast period.

The electric segment is expected to lead the robotics and automation actuators market by actuation in 2022. This segment's growth can be attributed to high power efficiency, lower system weight, and increasing power output. In 2022, the robotics segment is expected to grow at the fastest CAGR in the robotics and automation actuators market. The robotics market has been further subdivided into industrial robots and service robots. The expansion of this segment is increasing the demand for industrial robots in large-scale enterprises, while service robots are used for both professional and personal applications. The rotary is expected to grow at the fastest CAGR during the forecast period.

They convert electrical energy into rotational motion. These actuators are primarily used in automation applications such as gates, valves, and so on, as well as industries where accurate positioning of end effector, such as valve movement in a pipeline, is required, and are thus fueling market growth.

The electronics & electricals segment is expected to lead the market for robotics and automation actuators during the forecast period, owing to rising demand for batteries, chips, and displays, which is fueling growth in the robotics and automation actuators market for electronics & electrical.

KEY MARKET SEGMENTATION

By Application

  • Process Automation

  • Robotics

By Vertical

  • Automotive

  • Electronics

  • Healthcare

By Actuation

  • Electric

  • Pneumatic

  • Hydraulic

By Characteristics

  • Load

  • Torque

By Type

  • Linear Actuators

  • Rotary Actuators

Robotics and Automation Actuators Market Segmentation Analysis

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REGIONAL ANALYSIS

In 2023, the Asia Pacific region is expected to lead the robotics and automation actuators market. This region's robotics and automation actuators market has been researched for Japan, China, India, South Korea, Taiwan, and the rest of Asia Pacific. Countries in the Asia Pacific region are improving their varied capacities by developing actuators. China and Japan are investing primarily in robotics and automation in order to improve and achieve a tactical advantage in robotics and process automation. This is a good opportunity for producers of robotics and automation actuators to grow their operations in the Asia Pacific area.

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

KEY PLAYERS

The Major Players are ABB, Rockwell Automation, Altra Industrial Motion., Moog, Curtis Wright, MISUMI, SKF Motion Technologies, SMC Corporation, Thomson Industries, Inc., and other players.

Rockwell Automation-Company Financial Analysis

Robotics and Automation Actuators Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 19.49 Billion
Market Size by 2030 US$ 55.60 Billion
CAGR CAGR of 14% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Application (Process Automation, Robotics)
• By Vertical (Automotive, Electronics, Healthcare)
• By Actuation (Electric, Pneumatic, Hydraulic)
• By Type
• By Characteristics
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 ABB, Rockwell Automation, Altra Industrial Motion., Moog, Curtis Wright, MISUMI, SKF Motion Technologies, SMC Corporation, Thomson Industries, Inc.
DRIVERS • Continuous technical progress in robotics and automation actuators.
• Process automation investments in emerging economies' industries.
RESTRAINTS • Crude oil prices have plummeted in recent years, affecting the overall market for various components used in the oil and gas supply chain, including robotics and automation actuators.
• The ongoing volatility in the oil and gas business, as well as the price of crude oil.

Frequently Asked Questions

The market size of the Robotics and Automation Actuators Market is expected to reach USD 55.60 billion by 2030.

The growth rate of the Robotics and Automation Actuators Market is 14% during the forecast period.

ABB, Rockwell Automation, Altra Industrial Motion., Moog, SMC, Curtis Wright, and MISUMI, SKF Motion Technologies, SMC Corporation, and Thomson Industries, Inc. are leading players in the Robotics and Automation Actuators Market.

Robotics and Automation Actuators Market is segmented into 5 categories: By Vertical, By Actuation, By Type, By Characteristics, and By Application.

Asia Pacific region dominated the Robotics and Automation Actuators Market.

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 Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Robotics and Automation Actuators Market Segmentation, by Application

8.1 Process Automation

8.2 Robotics

9. Robotics and Automation Actuators Market Segmentation, by Vertical

9.1 Automotive

9.2 Electronics

9.3 Healthcare

10. Robotics and Automation Actuators Market Segmentation, by Actuation

10.1 Electric

10.2 Pneumatic

10.3 Hydraulic

11. Robotics and Automation Actuators Market Segmentation, by Characteristics

11.1 Load

11.2 Torque

12. Robotics and Automation Actuators Market Segmentation, by Type

12.1 Linear Actuators

12.2 Rotary Actuators

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14. Company Profiles

14.1 ABB

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Rockwell Automation

14.3 Altra Industrial Motion.

14.4 Moog

14.5 SMC Corporation

14.6 Curtis Wright

14.7 MISUMI

14.8 SKF Motion Technologies

14.9 Thomson Industries, Inc.

14.10 Other Players

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share Analysis

15.3 Recent Developments

16. Conclusion

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.

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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.

Secondary Research

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.

Primary Research

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Data Bank Validation

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