Actuators Market is anticipated to reach at USD 87 Billion by 2027 at a CAGR of 8.5% during the forecast year.

An actuator is a device that generates a movement in a system or mechanism and also converts one form of energy into a mechanical movement. It changes a control signal into a mechanic action like an electric motor. These devices may be electric, hydraulic, pneumatic, thermal, or others but are mostly driven by some software. Actuators have two types of motion that are linear and rotary. The linear actuators are responsible for changing the energy into straight-line motions and mostly have a pull and push function. Rotary actuators convert the energy for providing a rotary motion.

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An increase in industrialization and rising investments in automation for process in several industry verticals are some factors propelling the growth of the global actuators market. The increase in the need for greater control on the flexibility, improved energy efficiency, better positioning performance, and maintained robustness and reliability of existing technologies is growing the demand for actuators around the world. In addition, rising technological advancements in actuators, increasing demand for robots coupled with rising population and growing investments for the development of new infrastructure are some reasons paving the demand for actuators in the market during the forecast period. Moreover, industries are focussing on automating their operations for smooth functioning and increased productivity with efficiency. Rapid urbanization and the manufacturing of cost-effective actuators are leading to an increase in demand for actuators in the market. The factors hindering the growth of the global actuators market include the high maintenance cost and competitive pricing landscape.

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Based on Actuation, Electrical actuation segment is anticipated to grow at the higher compound annual growth rate during the forecast period owing to its enhanced precision control positioning and less noise production among the others. This type of actuation provides advantages such as no fluid leaks as a result of which it is causing no danger to the environment, smooth in operation coupled with good repeatability, and has the ability to be modified for almost any purpose or force required with fully controlled motion profiles. When maintained with proper maintenance then it can last for a long time with reliability and also have low operating and maintenance cost.

Based on Type, Linear actuator is expected to grow at the fastest rate over the forecast period due to its easy installation, less space requirement, highly reliable, and cost-effective use. Such type of actuators offers certain advantages which include higher design efficiency, shorter production time and higher quality making their increased adoption in several industries such as transportation, production machinery, manufacturing among others along with rising demand for industrial automation is also creating a demand for such actuators in the market during the forecast period.

Based on Application, Robots application segment is projected to increase at the highest CAGR due to the increasing adoption of robots in several industries like electrical and electronics, automotive, among others. Shifting inclination of industries towards the factory automation for the production of goods and services is also driving the growth of the robots’ segment in the market.

Based on Vertical, Oil & Gas vertical is anticipated to dominate the market in the global actuators market owing to its rising application in the industry as a result of a growing demand for liquified natural gas, gas storage along with the need for effective management of pressure drilling choke valves. The requirement of precision control of the flow of products through valves, explosion protection, and the requirement of seamless integration are some factors propelling the growth actuators in this industry.

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Asia-Pacific witness the higher growth rate during the forecast period due to rising investments for implementing automation by several countries such as China, Japan, along with the development of technologically advanced actuators leading to an increase in adoption of these devices in several industries. A high presence of industrial robot manufacturers in the region, coupled with increasing demand for industrial robots, is paving the way for increased demand for actuators in this region.

Various notable players operating in the global actuators market include Moog, Curtiss Wright, Rockwell Automation, SMC, IMI PLC, ABB, Tolomatic, Altra Industrial Motion, IAI, Venture Mfg. Co., SKF, Kollmorgen, Nook Industries Inc., Harmonic Drive LLC, and Misumi Group Inc., among others. ABB completed the acquisition of Bernecker + Rainer Industrie – Elektronik GmbH (B&R) and became part of the Industrial Automation division of ABB. Through this acquisition, ABB expanded its digital offering by joining B& R’s software and application platforms and ABB’s industry-leading portfolio of digital solutions.

Key Market Developments:

• •  For instance, in 2018, Rockwell automation was given a contract from Codelco, which is known to be the largest producer of copper in the world. The contract was worth $50 million. Through this, the company provided various necessary systems for Chuquicamata underground mine. It involved the change of century-old open-pit mine into a technologically advanced super cave mine needed to extend the lifecycle of the mine by a minimum of 40 years. The contract also included configuration, supply, engineering, and assembly of four systems, which encompasses the control system of mines.
  • In 2019, ABB launched its new i-bus Combi Switch Actuators in order to meet the rising demand for such solutions as a result of increasing the market if smart homes. These actuators encompass selectable shading and switching functions in a device.

The global actuators market has been segmented on the basis of actuation, type, application, vertical, valves and key regions. Based on actuation, the market is segmented into Pneumatic, Hydraulic, Electrical, and Others. Based on type, the market is segmented into Rotary Actuators and Linear Actuators. The application segment is categorized into Robotics, Industrial Automation, and Vehicles & Equipment. Based on vertical, the market is segmented into Oil & Gas, Power Generation, Food & Beverages, Metal, Mining & Machinery, Chemicals, Paper & Plastics, Automotive, Pharmaceutical & Healthcare, Aerospace & Defense, Construction, Agriculture and Others.

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Key questions answered in this research report:

• • At what pace is global Actuators market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Actuators market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Actuators market?
  • Which Actuation generated maximum revenues in 2019 and identify the most promising Actuation during the forecast period?
  • What are the various Application areas of global Actuators market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 87 Billion
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Actuation, By Type,By Vertical, By Valves, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Moog, Curtiss Wright, Rockwell Automation, SMC, IMI PLC, ABB, Tolomatic, Altra Industrial Motion, IAI, Venture Mfg. Co., SKF, Kollmorgen, Nook Industries Inc., Harmonic Drive LLC, and Misumi Group Inc.., among others; a total of 15 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Actuators Market by Actuation

• • Pneumatic
  • Hydraulic
  • Electrical
  • Others

Global Actuators Market by Type

• • Rotary Actuators
  • Linear Actuators

Global Actuators Market by Application

• • Robotics
  • Industrial Automation
  • Vehicles & Equipment

Global Actuators Market by Valves

• • Globe Valves
  • Ball Valves
  • Butterfly Valves
  • Safety Valves
  • Plug Valves
  • Other

Global Actuators Market by Vertical

• • Oil & Gas
  • Power Generation
  • Food & Beverages
  • Metal, Mining & Machinery
  • Chemicals, Paper & Plastics
  • Automotive
  • Pharmaceutical & Healthcare
  • Aerospace & Defense
  • Construction
  • Agriculture
  • Others

Global Actuators Market by Region

• • North America Actuators Market (Option 1: As a part of the free 25% customization)
    • North America Actuators Market by Actuation
    • North America Actuators Market by Type
    • North America Actuators Market by Application
    • North America Actuators Market by Vertical
    • North America Actuators Market by Valves
    • US Actuators Market All-Up
    • Canada Actuators Market All-Up
  • Europe Actuators Market (Option 2: As a part of the free 25% customization)
    • Europe Actuators Market by Actuation
    • Europe Actuators Market by Type
    • Europe Actuators Market by Application
    • Europe Actuators Market by Vertical
    • Europe Actuators Market by Valves
    • UK Actuators Market All-Up
    • Germany Actuators Market All-Up
    • France Actuators Market All-Up
    • Spain Actuators Market All-Up
    • Rest of Europe Actuators Market All-Up
  • Asia-Pacific Actuators Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Actuators Market by Actuation
    • Asia-Pacific Actuators Market by Type
    • Asia-Pacific Actuators Market by Application
    • Asia-Pacific Actuators Market by Vertical
    • Asia-Pacific Actuators Market by Valves
    • China Actuators Market All-Up
    • India Actuators Market All-Up
    • Japan Actuators Market All-Up
    • Rest of APAC Actuators Market All-Up
  • RoW Actuators Market (Option 4: As a part of the free 25% customization)
    • RoW Actuators Market by Actuation
    • RoW Actuators Market by Type
    • RoW Actuators Market by Application
    • RoW Actuators Market by Vertical
    • RoW Actuators Market by Valves
    • Brazil Actuators Market All-Up
    • South Africa Actuators Market All-Up
    • Saudi Arabia Actuators Market All-Up
    • UAE Actuators Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Actuators Market All-Up

Major Players Operating in the Actuators (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• Moog
• Curtiss Wright
• Rockwell Automation
• SMC
• IMI PLC
• ABB
• Tolomatic
• Altra Industrial Motion
• IAI
• Venture Mfg. Co.
• SKF
• Kollmorgen
• Nook Industries Inc.
• Harmonic Drive LLC
• Misumi Group Inc.