Actuator Market In-depth Analysis Report, Covering Companies Like (Rotork, Pentair, Auma, Emerson, Siemens, Flowserve)

Actuator Market In-depth Analysis Report, Covering Companies Like (Rotork, Pentair, Auma, Emerson, Siemens, Flowserve)

Actuator is a device that converts energy into motion. It is basically used to apply a force to an entity to perform various mechanical operations. It is characterized by a mechanical device that takes energy, created by compressed air, electricity or liquid and converts it into various kind of motion, such as linear and rotary. Actuators are commonly used in industrial or manufacturing applications and are used in devices such as switches, motor, valves, and pumps.

The study projects that the Actuator market will register a 1.4% CAGR in terms of revenue, which is expected to reach USD 1,431 million in 2026 from USD 1,298 million in 2019.

The need to increase productivity & reduce downtime in industrial facilities & manufacturing activities worldwide are the major factors expected to drive the market for actuators globally. The key factors that are driving the actuators market are industrialization and urbanization. Further, the development of advanced & cost-effective actuators and increasing demand for industrial robots & process automation in different industrial verticals are some of the opportunities impacting the growth of the actuators market. In recent times, there was a rise in demand for remote monitoring, which also acted as an added factor to the actuators market growth.

However, the major factors that hamper market growth are the competitive standards of pricing and the ability of the suppliers to meet the requirements of the consumer. Additionally, volatility in the oil & gas may also act as roadblocks to the growth of the market within the forecast period.

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Actuator Market: Type Outlook

l   Pneumatic

l   Hydraulic

l   Electric

l   Mechanical

Actuator Market: Application Outlook

l   Power Industry

l   Petrochemical Industry

l   Water Treatment

l   Manufacturing

l   Aerospace and Defense

l   Other

Actuator Market: Region Outlook

l   North America (U.S., Canada, Mexico)

l   Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe

l   Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)

l   Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.

l   Others

Highlight: Key Trends of the Global Actuator Market

Global actuator market - Emerging smart actuators

One of the key trends in the global actuator market is the emergence of smart actuators. Smart actuators are finding applications in automation for industrial purpose with the robots being linked with smart actuators. The growing use of automation and digitization has led to the manufacturers increasingly focus on creating smart actuators, which is estimated to accelerate the growth of the market in the coming years.

Asia-Pacific – The largest regional market

The Asia Pacific region is the largest sales volume market for the actuator in 2018, with sales accounting for 35% of the world, accruing revenue of roughly USD 448 million. The Asia Pacific region is projected to grow at the highest CAGR during the forecast period in the actuators market. The Asia Pacific has witnessed rapid economic development over the past few years, increasing maritime trade. Electronics and electrical industries, especially in countries, such as China and Japan, have led to an increase in the demand for robotics and automation, which, in turn, is leading to rising demand for actuators.  Besides, the majority of the industrial robot manufacturing facilities of leading players are based in the Asia Pacific region and increasing demand for these industrial robots is leading to a higher demand for actuators in this region.

North America is another major region for the actuators, with annual sales of nearly USD 282 million in 2018. The U.S., which still contributes a major market share in the North America region, is anticipated to hold enormous potential growth for the actuator market.

Europe is one of the major regions for electric two-wheeler and has achieved an ample scope due to the presence of profitable countries such as Germany, U.K, and Norway. Additionally, the region is the hub of major are automobile manufacturers such as Audi, BMW, and Volvo among others. This also has a positive influence on the growth of the actuators market.

Electric segment – is estimated to grow at a higher CAGR

Based on actuation, the electric actuator segment is anticipated to grow to the highest CAGR in the actuator market during the forecast period. The electric actuator is projected to replace hydraulic pressure and pneumatic actuators due to its higher efficiency and higher control level. The growing demand for efficient actuators that consume less energy has driven the growth of the actuator market. Compared with hydraulic and pneumatic actuators, technological advances in electric actuators make it possible to obtain them at a lower price, and hydraulic and pneumatic actuators are also more efficient, thus increasing the demand for electric actuators.

Manufacturing – The largest application segment

Manufacturing segment has emerged as the largest segment on an application basis. Automotive manufacturing segment holds the largest market share of approximately 18% in 2016 having a market value of roughly USD 2.4 billion and is anticipated to grow at the highest CAGR of 6.09% during the forecast period. 

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Leading Company for Driving Industry development

The global Actuator market growth is also reliant on the development of active players in the industry, which are Rotork, Pentair, Pentair, Auma, Emerson, Siemens, Flowserve, ABB, SMC Corporation, Festo, Air Torque, Honeywell, Bernard, Nihon KOSO, VALBIA, Parker Hannifin, BAR GmbH, Bray, HKS Dreh-Antriebe, SUMUKE, Moog Flo-Tork, Micromatic, ATI, Helac, Cameron, OMAL, and etc.

Table of Content

1 Report Overview

1.1  Product Definition and Scope

1.2  PEST (Political, Economic, Social and Technological) Analysis of Actuator Market

…

2 Market Trends and Competitive Landscape

3 Segmentation of Actuator Market by Types

4 Segmentation of Actuator Market by End-Users

5 Market Analysis by Major Regions

6 Product Commodity of Actuator Market in Major Countries

7 North America Actuator Landscape Analysis

8 Europe Actuator Landscape Analysis

9 Asia Pacific Actuator Landscape Analysis

10 Latin America, Middle East & Africa Actuator Landscape Analysis  

11 Major Players Profile

11.1 Rotork

11.1.1 Rotork Company Profile and Recent Development

11.1.2 Market Performance

11.1.3 Product and Service Introduction

11.2 Pentair

11.3 Auma

11.4 Emerson

11.5 Siemens

11.6 Flowserve

11.7 ABB

11.8 SMC Corporation

11.9 Festo

11.10 Air Torque

11.11 Honeywell

11.12 Bernard

11.13 Nihon KOSO

11.14 VALBIA

11.15 Parker Hannifin

11.16 BAR GmbH

11.17 Bray

11.18 HKS Dreh-Antriebe

11.19 SUMUKE

11.20 Moog Flo-Tork

…

Key Stakeholders

l   Actuator manufacturers

l   Traders, distributors, and resellers of Actuator

l   Actuator industry associations and research organizations

l   Product managers, Actuator industry administrator, C-level executives of the industries

l   Market Research and consulting firms

l   Small and Medium-sized Enterprises (SMEs)

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Years considered for the study

l   Base Year: 2018

l   Estimated Year: 2019

l   Forecast Period: 2019 to 2026

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