Global Actuators Market, By Actuation (Electrical, Pneumatic, Hydraulic), By Type (Linear, Rotary),

Published Date: | Report Code : EQ1958682

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Market Dynamics:

The increasing demand for advanced & cost-effective actuators as well as for industrial robots & process automation is expected to drive the growth of the Global Actuators Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

An actuator is usually a component of a machine that is responsible for moving and controlling a mechanism or system. An actuator generally requires a control signal as well as a source of energy, when it receives a control signal, an actuator responds by converting the signal's energy into mechanical motion.

Segment Analysis:

The global actuator market is segmented on the basis of actuation, type, and application

On the basis of actuation, it is segmented into electrical, pneumatic, and hydraulic. Pneumatic actuators are most widely used due to the increasing demand for highly efficient actuators which consume less energy has fueled the growth of the actuators market. The various technological advancements in pneumatic actuators are enabling availability at lower prices as compared to other actuator types, which are also more efficient, thus leading to the increasing demand for pneumatic actuators.

Based on type, it is segregated into linear and rotary. The linear type of actuation is majorly used in various end-use industries such as manufacturing, packaging machines, medical equipment, production machinery, transportation, aerospace, and defense, as they are more economic.

On the basis of application, it is segmented into industrial automation, robotics, vehicles & equipment. The increasing investments in process automation of numerous industry verticals, rising demand for robots, and technological advancements in actuators have also positively impacted the market.

Key Factors Impacting Market Growth:

  • The increasing demand for advanced & cost-effective actuators as well as for industrial robots & process automation

  • The rising need to increase productivity & reduce downtime in industrial facilities & manufacturing activities

Key Developments:

  • Rockwell Automation signed a contract from the National Copper Corporation, Chile in August 2018, where it had to supply control systems for the Chuquicamata underground mine at USD 50 million. The contract includes the supply, configuration, and assembly of four systems which comprises of the mine control systems.

  • In November 2018, ABB received a contract from China Petroleum Engineering and Construction Corporation (CPECC), for the up-gradation of the Bab Onshore Field in Abu Dhabi. This contract includes the fully integrated ABB Electrical, Control and Telecommunication (ECT) solution as well as a centralized automation system which is expected to reduce the operation cost of the oilfield by 10 – 15%.

  • Moog and MHD Rockland signed an agreement to co-manage the distribution for P-3 Orion which involves a strategy to sustain and extend the overall operational life of P-3 Orion community aircraft, in September 2018.

Regional Analysis:

Major regions for the global actuators market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for global actuators market owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major applications in these regions are estimated to be industrial Automation, Robotics, Vehicles & Equipment. These factors are expected to drive the demand for the global actuators market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various applications including Industrial Automation, Robotics, Vehicles & Equipment. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the global actuators market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the global actuators market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Rockwell Automation, Moog, Curtiss Wright, ABB, Altra Industrial Motion, and SMC.

Market Segmentation:

By Actuation:

  • Electrical

  • Pneumatic

  • Hydraulic

By Type:

  • Linear

  • Rotary

By Application:

  • Industrial Automation

  • Robotics

  • Vehicles & Equipment

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Actuation

    • By Type

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Actuation

    • By Type

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Actuation

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Actuation

    • By Type

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Actuation

    • By Type

    • By Application

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Actuation

    • By Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global actuator market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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