Actuators Market size is expected to register a revenue of USD 87 Billion by 2027, registering a CAGR of 8.5% during the forecast period (2020-2027), owing to the rapid industrialization and increasing investment in automation for various industrial processes.

To have an edge over the competition by knowing the market dynamics and current trends of “Actuators Market”, request for Sample Report here

Increasing application of actuators across various end-use industries which include aerospace & defense, oil & gas, liquid pipelines, and liquified natural gas (LNG), stands to be one of the major factors propelling the actuators market growth. Rapid industrialization and ongoing technological innovations in the automotive industry, including the advent of Advanced Driver Assistance Systems (ADAS) have bolstered the market expansion. Additionally, the emerging trend of automation across several industries is another growth inducing factor. The actuators market is primarily driven by the accelerating urban population, rising population, and technological advancements over the forecast period. The emerging need to extricate natural resources from challenging locations, will further strengthen the market growth. Increasing incorporation of aircraft carriers with actuators on each wing to maintain effective flights at lower airspeeds is forecast to drive the global actuators market share.

The advent of advanced technologies to launch smart actuator which is integrated with all components such as sensors, motor, communication unit, and controller for easy reconfiguration, assembling, or disassembling is anticipated to offer enormous opportunities for the market over the upcoming years. Thus, the growing adoption of smart actuators, owing to the enormous benefits which include minimum hardware and software costs, better machine operability, and diagnostic capabilities. For example, in May 2020, AUMA introduced high-performance PROFOX actuator series with latest features, which include built-in intelligence, lower operating costs, better mechanical efficiency, and compact design, making it suitable for various industries including heat and power plants, process industries, shipbuilding, and water treatment.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Actuation Segment Analysis
Electrical actuation segment is anticipated to witness a higher CAGR during the forecast period. The growing demand for electric actuators owing to its remarkable advantages which include increased effectiveness, no fluid leaks, and low energy consumption, smoother operation, and the ability to be modified for any purpose, is forecast to propel the actuators market share.

Type Segment Analysis

Linear actuator is forecast to dominate the actuator market over the forecast period, owing to the increasing industrial automation in the manufacturing units of aerospace and automotive industry. In addition, the remarkable features offered by linear actuators which including less space requirement, easy installation, highly reliable, user-friendly, enhanced design efficiency, lower production time and higher quality making has augmented their adoption across several industries such as production machinery, transportation, and manufacturing, driving the market growth. Moreover, the growing emphasis of major players in technological innovations of linear actuators is predicted to boost the market growth. For instance, in 2020, Rotork PLC launched its latest AC version of PAX1 linear actuator. This new actuator has the capacity to control the pressure of 0-0.5 psig to 0-3,000 psig. The growing demand for fuel-efficient vehicles, enforcement of rigorous environmental norms, increasing adoption of automation in developing economies, and the growing need to enhance combustion control, increase dependence, and reduce production cost in manufacturing sectors are other factors fueling the actuators market size.

Application Segment Analysis

Robots application is expected to dominate the market because of the increasing inclination of industries towards the factory automation to produce goods and services. The growing adoption of robots across several industries like electrical and electronics and automotive industries will boost the segment’s growth.

Vertical Segment Analysis

Oil & Gas vertical is expected to lead the actuators market over the upcoming years, owing to its increasing application in refining process, natural gas generation, and crude oil extraction. The growing deployment of oil and gas in actuator market owing to the growing demand for liquified natural gas, gas storage and the increasing need for effective management of pressure drilling choke valves is projected to boost the segment’s growth. The automotive segment is predicted to witness a faster CAGR over the forecast period, followed by aerospace industry. The advent of fourth industrial revolution in manufacturing units of automobiles will boost the segment’s growth. However, rising number of aircraft deliveries, increasing adoption of advanced warfare technologies, and the procurement of next generation weapons are projected to pave the way for aerospace and defense segment.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional Analysis

Asia-Pacific is expected to witness a faster CAGR during the forecast period, owing to the rapid urbanization and industrialization. The increasing investments for encouraging automation across various countries like Japan and China, and the introduction of technologically advanced actuators across various industries will propel the regional growth. Moreover, nations including Japan and China are known for their excellence in the production sector and are emphasizing on improving their production and manufacturing capabilities by investing in automation. For example, in 2020, over 700, Rotork PLC’s CK modular electrical actuators were installed at the Shantou wastewater treatment plant in Guangdong, China, to allow sewage treatment in line with new environmental regulations.

North America is predicted to lead the market over the upcoming years, because of the presence of well-established and proliferating automotive industry and aircraft manufacturing units in the region. For example, according to the World Robotics report 2020, China, the U.S., Japan, Republic of Korea, and Germany contribute almost 73% of the global robot installations.

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:

• • In 2021 – The actuation division of Curtiss-Wright Corporation introduced its latest ASSIGN™ motor program for Exlar FTP and FTX Series actuators. The FTP and FTX series actuator are well-suited for a wide range of factory automation applications.
  • In 2021 – Rotork PLC. entered into a contract with Milano San Rocco Wastewater Treatment Plant (WWTP) to offer Rotork IQ electric modulating actuators.
  • In 2020, a total of 700 of Rotork PLC’s CK modular electrical actuators were positioned at the Shantou wastewater treatment plant in Guangdong, China, to expedite sewage treatment in line with new environmental norms.
  • 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.

For detailed scope of the “Actuators Market” report request a Sample Copy of the report

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