Actuator Market

Global Actuator Market Size, Trends & Analysis - Forecasts 2022 to 2027 By Actuation (Electrical, Pneumatic, Hydraulic), By Type (Linear, Rotary), By Vertical (Automotive, Electronics, Healthcare) By Region (North America, Asia Pacific, Central, and South America, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Actuator Market Size

The Global Actuator Market size is projected to grow from an estimated USD 53.9 billion in 2022 to USD 86.6 billion by 2027, at a CAGR of 8.2%.

The instrumentation systems that power today's machines depend on actuators in their operation. The machines' interactions with their environment are achieved by these devices. Due to their high performance and reduced need for human involvement, automated processes and machines are widely used in many industries today. Actuators are essential to the operation of such automated machinery. An actuator is a device that transforms energy and signals into the system to produce motion. An actuator, to put it simply, is a machine part that is in charge of moving and directing a mechanism or system. It can generate either rotational or linear motion. Motion is produced linearly using linear actuators. Accordingly, linear actuators can go either forward or backward along a predetermined linear plane. On the other side, rotary actuators generate rotary motion, which involves the actuator rotating on a spherical plane. Linear actuators are widely used in robotics and automation, Industrial automation and other applications, and they are of low cost. Actuators come in a variety of forms, including hydraulic, pneumatic, electrical, magnetic, and others. Each of these actuators has a variety of applications, for instance. Pneumatic actuators are employed in air compressor or vacuum to provide mechanical force, while electrical actuators are used in automation systems, etc.

The market is expected to be driven by rising need for novel and cutting-edge actuators across a variety of industrial automation, including agriculture, domestic, oil & gas, aviation, and defence. Actuators are also in greater demand in the healthcare industry, where they are utilized in beds, dental chairs, MRI and PT scanning equipment, and other devices.

Other factors influencing the market include the growing use of smart actuators in various industries, an increase in the number of commercial planes delivered, technological breakthroughs, the creation of smart cities around the world, an increase in oil exploration activities, and the automotive industry's ongoing expansion. A large amount of money has also been spent on infrastructure and facility modernization, which is advancing the actuators sector.

global actuator market

COVID-19 Impact on Actuator Market

The covid 19 pandemic has negatively impacted many industries across the globe due to various lockdown constraints and the shutdown of many industries. The covid 19 pandemic had a significant impact on the actuator market because a sudden drop in infrastructure development and installation projects is expected to hinder the actuators market for the automobiles, manufacturing, and energy & power industry verticals. The implementation of lockdown then resulted in the closure of numerous manufacturing facilities, which disrupted the regular flow of business, and there was an actuator supply chain disturbance, which impeded market demand. However, due to the wide range of applications for actuators in the healthcare sector, there was a high demand for them during the COVID-19 epidemic.

Russia Ukraine war Impact on Actuator Market

The war between Russia and Ukraine have an effect on many international industries, particularly the actuator market. This is due to the fact that some businesses and facilities were shut down, which had a negative impact on global supply chains and had a big impact on product production, shipments, and sales on the worldwide market. It has had a significant impact on the market's end-user sectors. For instance, the automobile industry, which is in flux as a result of the recent war and where international firms find it challenging to conduct business in Russia due to sanctions, is increasingly using actuator. The usual flow of business, demand for purchases or new projects, and profit in important industries like aviation, automobiles, and oil & gas have all been interrupted by this war. Typically, these are the top commercial opportunities for the actuators market.

Actuator Market: By Type

For the projected period, the linear segment is anticipated to develop at the fastest rate. A linear actuator changes the rotational motion of a motor into a straight motion. In fact, they are a typical component in many of the gadgets we use on a regular basis. They can be found in a variety of products, including personal computers, gaming systems, and other entertainment equipment. For instance, multi-axis electric linear actuators are commonly employed in robotics because they give robots more range of motion by removing the constraints of a set operational position. They are highly trustworthy and less maintenance cost.

Actuator Market: By Actuation

For the projection period, the electrical section is anticipated to develop at the fastest rate. A mechanical tool called an electric actuator is used to transform electrical energy into motion, either in a single linear or rotating movement. These motors are renowned for offering a better precision and accuracy in motion control. They require little maintenance cost, simple to install and use.

Actuator Market: By Vertical

For the projected period, the automotive Industry is anticipated to increase at the fastest rate. In cars, trucks, and other vehicles, a wide variety of linear actuators are frequently used. It is a crucial component because it aids in the automation of several systems and procedures in autos. It offers convenience, a feeling of elegance, or a touch of style. Nowadays, new car models with increasingly autonomous capabilities are widespread.

asia pacific actuator market

Actuator Market: By Region

The largest market share belongs to the North American area. This is a result of the region's well-established and expanding aerospace and automobile manufacturing sectors, as well as the increased adoption of automation and electrical actuation system by regional major players. Like for example Emerson Electrical introduced the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator in Feb 2020

For the projection period, the Asia Pacific region is anticipated to experience the quickest growth. Due to accelerated urbanization, modernization, and rising automation costs in growing economies. Robotics and automation are a major area of investment for China and Japan.

Actuator Market Share and Competitor Analysis

Emerson Electric, ABB, Rockwell Automation, Altra Industrial Motion, Moog, SMC, Curtis Wright Corporation, MISUMI, Rotork plc , Parker Hannifin are some among the key players .

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Research Methodology

1.1 Research Assumptions

1.2 Research Methodology

1.2.1 Estimates and Forecast Timeline

1.3 Information Procurement

1.3.1 Purchased Database

1.3.2 GME’s Internal Database

1.3.3 Primary Research

1.3.4 Secondary Sources & Third-Party Perspectives

1.3.4.1 Company Information Sources: Annual Reports, Investor Presentation, Press Release, SEC Filling, Company Blogs & Website

1.3.4.2 Secondary Data Sources

1.4 Information or Data Analysis

1.4.1 Data Analysis Models

1.5 Market Formulation & Data Visualization

1.6 Data Validation & Publishing

1.7 Market Model

1.7.1 Model Details

1.7.1.1 Top-Down Approach

1.7.1.2 Bottom-Up Approach

1.8 Market Segmentation & Scope

1.9 Market Definition

Chapter 2 Executive Summary

2.1. Global Market Outlook

2.2 Actuation Outlook

2.3 Type Outlook

2.4 Vertical Outlook

2.5 Regional Outlook

Chapter 3 Actuator Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Actuator Market

3.4 Metric Data on Cash Transition’s

3.5 Market Driver Analysis

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6 Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4 Actuator Market: Type Trend Analysis

4.1 Type: Historic Data vs. Forecast Data Analysis, 2022 vs. 2027

4.2 Linear

4.2.1 Market Estimates & Forecast Analysis of Linear Segment, By Region, 2022-2027 (USD Billion)

4.3 Rotary

4.3.1 Market Estimates & Forecast Analysis of Rotary Segment, By Region, 2022-2027 (USD Billion)

Chapter 5 Actuator Market: Actuation Trend Analysis

5.1 Actuation: Historic Data vs. Forecast Data Analysis, 2022 vs. 2027

5.2 Electrical

5.2.1 Market Estimates & Forecast Analysis of Electrical Segment, By Region, 2022-2027 (USD Billion)

5.3 Pneumatic

5.3.1 Market Estimates & Forecast Analysis of Pneumatic Segment, By Region, 2022-2027 (USD Billion)

5.4 Hydraulic

5.4.1 Market Estimates & Forecast Analysis of Hydraulic Segment, By Region, 2022-2027 (USD Billion)

Chapter 6 Actuator Market: Vertical Trend Analysis

6.1 Vertical: Historic Data vs. Forecast Data Analysis, 2022 vs. 2027

6.2 Automotive

6.2.1 Market Estimates & Forecast Analysis of Automotive Vertical Segment, By Region, 2022-2027 (USD Billion)

6.3 Electronics

6.3.1 Market Estimates & Forecast Analysis of Electronics Vertical Segment, By Region, 2022-2027 (USD Billion)

6.4 Healthcare

6.4.1 Market Estimates & Forecast Analysis of Healthcare Vertical Segment, By Region, 2022-2027 (USD Billion)

Chapter 7 Actuator Market, By Region

7.1 Regional Outlook

7.2 North America

7.2.1 Market Estimates & Forecast Analysis, By Country 2022-2027 (USD Billion)

7.2.2 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.2.3 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.2.4 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.2.5 U.S.

7.2.5.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.2.5.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.2.5.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.2.6 Canada

7.2.6.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.2.6.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.2.6.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.5.7 Mexico

7.5.5.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3 Europe

7.3.1 Market Estimates & Forecast Analysis, By Country 2022-2027 (USD Billion)

7.3.2 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.3 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.4 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.5.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.5.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.6 UK

7.3.6.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.6.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.6.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.7 France

7.3.7.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.7.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.7.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.8 Russia

7.3.8.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.8.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.8.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.9.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.9.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.11 Rest of Europe

7.3.11.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.11.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.11.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast Analysis, By Country 2022-2027 (USD Billion)

7.4.2 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.4.3 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.4.4 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.4.5 China

7.4.5.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.4.5.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.4.5.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.4.6 India

7.4.6.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.4.6.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.4.6.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.4.7 Japan

7.4.7.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.4.7.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.4.7.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.4.8 Australia

7.4.8.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.4.8.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.4.8.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.4.9 South Korea

7.4.9.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.4.9.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.4.9.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.3.10 Rest of Asia Pacific

7.3.10.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.5 Central & South America

7.5.1 Market Estimates & Forecast Analysis, By Country 2022-2027 (USD Billion)

7.5.2 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.5.3 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.5.4 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.5.5 Brazil

7.5.5.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.5.6 Rest of Central & South America

7.5.6.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.5.6.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.5.6.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.6 Middle East & Africa

7.6.1 Market Estimates & Forecast Analysis, By Country 2022-2027 (USD Billion)

7.6.2 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.6.3 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.6.4 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.6.5 Saudi Arabia

7.6.5.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.6.5.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.6.5.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.6.6 United Arab Emirates

7.6.6.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.6.6.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.6.6.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.6.7 South Africa

7.6.7.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.6.7.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.6.7.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

7.5.8 Rest of Middle East & Africa

7.5.8.1 Market Estimates & Forecast Analysis, By Type, 2022-2027 (USD Billion)

7.5.8.2 Market Estimates & Forecast Analysis, By Actuation, 2022-2027 (USD Billion)

7.5.8.3 Market Estimates & Forecast Analysis, By Vertical, 2022-2027 (USD Billion)

Chapter 8 Competitive Analysis

8.1 Key Global Players, Recent Developments & their Impact on the Industry

8.2 Four Quadrant Competitor Positioning Matrix

8.2.1 Key Innovators

8.2.2 Market Leaders

8.2.3 Emerging Players

8.2.4 Market Challengers

8.3 Vendor Landscape Analysis

8.4 Vertical Landscape Analysis

8.5 Company Market Share Analysis, 2022

Chapter 9 Company Profile Analysis

9.1 ABB

9.1.1 Company Overview

9.1.2 Financial Analysis

9.1.3 Strategic Initiatives

9.1.4 Product Benchmarking

9.2 Emerson Electric

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Initiatives

9.2.4 Product Benchmarking

9.3 Rockwell Automation

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Initiatives

9.3.4 Product Benchmarking

9.4 Altra Industrial Motion

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Initiatives

9.4.4 Product Benchmarking

9.5 Parker Hannifin

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Initiatives

9.5.4 Product Benchmarking

9.6 Rotork plc

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Initiatives

9.6.4 Product Benchmarking

9.7 Wright Corporation

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Initiatives

9.7.4 Product Benchmarking

9.8 Curtis

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Initiatives

9.8.4 Product Benchmarking

9.9 SMC

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Initiatives

9.9.4 Product Benchmarking

9.10 Moog

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Initiatives

9.10.4 Product Benchmarking

9.11 Other Companies

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Initiatives

9.11.4 Product Benchmarking

List of Tables

1 Technological Advancements in Actuators Market

2 Global Actuators Market: Key Market Drivers

3 Global Actuators Market: Key Market Challenges

4 Global Actuators Market: Key Market Opportunities

5 Global Actuators Market: Key Market Restraints

6 Global Actuators Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Actuators Market, By Type, 2019-2027 (USD Billion)

8 Linear: Global Actuators Market, By Region, 2019-2027 (USD Billion)

9 Rotary: Global Actuators Market, By Region, 2019-2027 (USD Billion)

10 Global Actuators Market, By Actuation, 2019-2027 (USD Billion)

11 Electrical: Global Actuators Market, By Region, 2019-2027 (USD Billion)

12 Pneumatic: Global Actuators Market, By Region, 2019-2027 (USD Billion)

13 Hydraulic: Global Actuators Market, By Region, 2019-2027 (USD Billion)

14 Global Actuators Market, By Vertical, 2019-2027 (USD Billion)

15 Electronics: Global Actuators Market, By Region, 2019-2027 (USD Billion)

16 Automotive: Global Actuators Market, By Region, 2019-2027 (USD Billion)

17 Healthcare: Global Actuators Market, By Region, 2019-2027 (USD Billion)

18 Regional Analysis: Global Actuators Market, By Region, 2019-2027 (USD Billion)

19 North America: Actuators Market, By Type, 2019-2027 (USD Billion)

20 North America: Actuators Market, By Actuation, 2019-2027 (USD Billion)

21 North America: Actuators Market, By Vertical, 2019-2027 (USD Billion)

22 North America: Actuators Market, By Country, 2019-2027 (USD Billion)

23 U.S: Actuators Market, By Type, 2019-2027 (USD Billion)

24 U.S: Actuators Market, By Actuation, 2019-2027 (USD Billion)

25 U.S: Actuators Market, By Vertical, 2019-2027 (USD Billion)

26 Canada: Actuators Market, By Type, 2019-2027 (USD Billion)

27 Canada: Actuators Market, By Actuation, 2019-2027 (USD Billion)

28 Canada: Actuators Market, By Vertical, 2019-2027 (USD Billion)

29 Mexico: Actuators Market, By Type, 2019-2027 (USD Billion)

30 Mexico: Actuators Market, By Actuation, 2019-2027 (USD Billion)

31 Mexico: Actuators Market, By Vertical, 2019-2027 (USD Billion)

32 Europe: Actuators Market, By Type, 2019-2027 (USD Billion)

33 Europe: Actuators Market, By Actuation, 2019-2027 (USD Billion)

34 Europe: Actuators Market, By Vertical, 2019-2027 (USD Billion)

35 Europe: Actuators Market, By Country, 2019-2027 (USD Billion)

36 Germany: Actuators Market, By Type, 2019-2027 (USD Billion)

37 Germany: Actuators Market, By Actuation, 2019-2027 (USD Billion)

38 Germany: Actuators Market, By Vertical, 2019-2027 (USD Billion)

39 UK: Actuators Market, By Type, 2019-2027 (USD Billion)

40 UK: Actuators Market, By Actuation, 2019-2027 (USD Billion)

41 UK: Actuators Market, By Vertical, 2019-2027 (USD Billion)

42 France: Actuators Market, By Type, 2019-2027 (USD Billion)

43 France: Actuators Market, By Actuation, 2019-2027 (USD Billion)

44 France: Actuators Market, By Vertical, 2019-2027 (USD Billion)

45 Italy: Actuators Market, By Type, 2019-2027 (USD Billion)

46 Italy: Actuators Market, By T Actuation Ype, 2019-2027 (USD Billion)

47 Italy: Actuators Market, By Vertical, 2019-2027 (USD Billion)

48 Spain: Actuators Market, By Type, 2019-2027 (USD Billion)

49 Spain: Actuators Market, By Actuation, 2019-2027 (USD Billion)

50 Spain: Actuators Market, By Vertical, 2019-2027 (USD Billion)

51 Rest Of Europe: Actuators Market, By Type, 2019-2027 (USD Billion)

52 Rest Of Europe: Actuators Market, By Actuation, 2019-2027 (USD Billion)

53 Rest Of Europe: Actuators Market, By Vertical, 2019-2027 (USD Billion)

54 Asia Pacific: Actuators Market, By Type, 2019-2027 (USD Billion)

55 Asia Pacific: Actuators Market, By Actuation, 2019-2027 (USD Billion)

56 Asia Pacific: Actuators Market, By Vertical, 2019-2027 (USD Billion)

57 Asia Pacific: Actuators Market, By Country, 2019-2027 (USD Billion)

58 China: Actuators Market, By Type, 2019-2027 (USD Billion)

59 China: Actuators Market, By Actuation, 2019-2027 (USD Billion)

60 China: Actuators Market, By Vertical, 2019-2027 (USD Billion)

61 India: Actuators Market, By Type, 2019-2027 (USD Billion)

62 India: Actuators Market, By Actuation, 2019-2027 (USD Billion)

63 India: Actuators Market, By Vertical, 2019-2027 (USD Billion)

64 Japan: Actuators Market, By Type, 2019-2027 (USD Billion)

65 Japan: Actuators Market, By Actuation, 2019-2027 (USD Billion)

66 Japan: Actuators Market, By Vertical, 2019-2027 (USD Billion)

67 South Korea: Actuators Market, By Type, 2019-2027 (USD Billion)

68 South Korea: Actuators Market, By Actuation, 2019-2027 (USD Billion)

69 South Korea: Actuators Market, By Vertical, 2019-2027 (USD Billion)

70 Middle East & Africa: Actuators Market, By Type, 2019-2027 (USD Billion)

71 Middle East & Africa: Actuators Market, By Actuation, 2019-2027 (USD Billion)

72 Middle East & Africa: Actuators Market, By Vertical, 2019-2027 (USD Billion)

73 Middle East & Africa: Actuators Market, By Country, 2019-2027 (USD Billion)

74 Saudi Arabia: Actuators Market, By Type, 2019-2027 (USD Billion)

75 Saudi Arabia: Actuators Market, By Actuation, 2019-2027 (USD Billion)

76 Saudi Arabia: Actuators Market, By Vertical, 2019-2027 (USD Billion)

77 UAE: Actuators Market, By Type, 2019-2027 (USD Billion)

78 UAE: Actuators Market, By Actuation, 2019-2027 (USD Billion)

79 UAE: Actuators Market, By Vertical, 2019-2027 (USD Billion)

80 Central & South America: Actuators Market, By Type, 2019-2027 (USD Billion)

81 Central & South America: Actuators Market, By Actuation, 2019-2027 (USD Billion)

82 Central & South America: Actuators Market, By Vertical, 2019-2027 (USD Billion)

83 Central & South America: Actuators Market, By Country, 2019-2027 (USD Billion)

84 Brazil: Actuators Market, By Type, 2019-2027 (USD Billion)

85 Brazil: Actuators Market, By Actuation, 2019-2027 (USD Billion)

86 Brazil: Actuators Market, By Vertical, 2019-2027 (USD Billion)

87 ABB: Products Offered

88 Emerson Electric: Products Offered

89 Rockwell Automation: Products Offered

90 Altra Industrial Motion: Products Offered

91 Rotork plc: Products Offered

92 Wright Corporation: Products Offered

93 Curtis: Products Offered

94 SMC: Products Offered

95 Thermo Fisher Scientific: Products Offered

96 Moog: Products Offered

List of Figures

1. Global Actuators Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Actuators Market: Penetration & Growth Prospect Mapping

7. Global Actuators Market: Value Chain Analysis

8. Global Actuators Market Drivers

9. Global Actuators Market Restraints

10. Global Actuators Market Opportunities

11. Global Actuators Market Challenges

12. Key Actuators Market Manufacturer Analysis

13. Global Actuators Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. ABB: Company Snapshot

16. ABB: Swot Analysis

17. Emerson Electric: Company Snapshot

18. Emerson Electric: Swot Analysis

19. Rockwell Automation: Company Snapshot

20. Rockwell Automation: Swot Analysis

21. Altra Industrial Motion Rotork plc: Company Snapshot

22. Altra Industrial Motion: Swot Analysis

23. Rotork plc: Company Snapshot

24. Rotork plc: Swot Analysis

25. Wright Corporation: Company Snapshot

26. Wright Corporation: Swot Analysis

27. Curtis: Company Snapshot

28. Curtis: Swot Analysis

29. SMC: Company Snapshot

30. SMC: Swot Analysis

31. Parker Hannifin: Company Snapshot

32. Parker Hannifin: Swot Analysis

33. Thermo Fisher Scientific: Company Snapshot

34. Thermo Fisher Scientific: Swot Analysis

35. Moog: Company Snapshot

36. Moog: Swot Analysis

37. Other Companies: Company Snapshot

38. Other Companies: Swot Analysis

The Global Actuator Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Actuator Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global actuator market?

The Global Actuator Market size is projected to grow from an estimated USD 53.9 billion in 2022 to USD 86.6 billion by 2027, at a CAGR of 8.2%.

Who are the major vendors in the actuator market?

Emerson Electric, ABB, Rockwell Automation, Altra Industrial Motion, Moog, SMC, Curtis Wright Corporation, MISUMI, Rotork plc, and Parker Hannifin are some of the key players in this market.

What is the COVID-19 impact on future actuator manufacturers?

The COVID-19 pandemic had a significant impact on the actuator market because a sudden drop in infrastructure development and installation projects is expected to hinder the actuators market for the automobiles, manufacturing, and energy & power industry verticals. However, due to the wide range of applications for actuators in the healthcare sector, there was a high demand for them during the COVID-19 epidemic. The growing demand for medical devices and the increasing adoption of actuators stemming from the increasing adoption of automation is expected to drive the market in the post-pandemic period.

What are the major drivers in the actuator market?

The market is expected to be driven by the markets rising need for novel and cutting-edge actuators across a variety industry, rising demand in the healthcare industry, and huge investment in infrastructure and facility modernization. Other factors influencing the market include the growing use of smart actuators in various industries, an increase in the number of commercial planes delivered, technological breakthroughs, the creation of smart cities around the world, an increase in oil exploration activities, and the automotive industrys ongoing expansion.

What is the impact of the Ukraine-Russia war on the actuator industry?