Global Actuator Market Report 2024

Actuator Global Market Report 2024 – By Type (Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, Mechanical Actuators), By Motion (Linear Actuator, Rotary Actuator), By End User (Automotive, Aerospace, Oil And Gas, Pharmaceutical, Power Generation, Food And Beverages, Chemicals, Mining, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Actuator Market Definition And Segments

An actuator refers to a device that converts a control signal into mechanical action, such as driving an electric motor, to move or operate some machine. While actuators normally produce circular motion, they can also do so by using screws and wheel-and-axle systems to provide linear motion.

The major types of actuators are pneumatic actuators, hydraulic actuators, electric actuators, and mechanical actuators. A pneumatic actuator is a mechanical device that converts energy into mechanical motion and is used in a variety of automotive applications, such as engine control, transmission control, and braking systems. The motion types include linear actuators and rotary actuators, which are used by several end users, such as automotive, aerospace, oil and gas, pharmaceutical, power generation, food and beverage, chemicals, mining, and others.

The actuator market covered in this report is segmented –

1) By Type: Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, Mechanical Actuators

2) By Motion: Linear Actuator, Rotary Actuator

3) By End User: Automotive, Aerospace, Oil And Gas, Pharmaceutical, Power Generation, Food And Beverages, Chemicals, Mining, Other End Users

The actuator market size has grown strongly in recent years. It will grow from $54.79 billion in 2023 to $59.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to automation in manufacturing, industrialization, energy sector expansion, healthcare equipment demand, smart buildings and infrastructure.

The actuator market size is expected to see strong growth in the next few years. It will grow to $85.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to renewable energy expansion, electrification of vehicles, precision medicine and biotechnology, urbanization and infrastructure development, focus on energy efficiency, rise of robotics and automation. Major trends in the forecast period include rise of electric actuators, advancements in smart actuators, expansion of industrial internet of things (IIoT) integration, growth in robotics and automation, miniaturization and high-precision actuators adoption of pneumatic and hydraulic actuators in industrial applications.

Growing Popularity Of Electric Vehicle Sales Propelling Actuator Market Growth

The growing popularity of electric vehicles is significantly contributing to the growth of the actuator market. Electric vehicles refer to those vehicles that have been partially or completely powered by electricity. Actuators are widely used in electric mobility to regulate component movement and serve a variety of functions in electric vehicles. For instance, in May 2022, according to the Global EV Outlook 2022 report shared by the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles had soared in 2021 and had continued to grow in 2022. In 2021, sales of electric vehicles (including completely electric and plug-in hybrid vehicles) increased to reach 6.6 million, a new high. Sales continued to grow rapidly into 2022 despite supply chain challenges, with 2 million electric cars sold globally in the first quarter, up by 75% from the same period a year earlier. By the end of 2021, there were around 16.5 million electric vehicles on the road worldwide, which was quadruple the number in 2018. Therefore, the growing popularity of electric vehicles is driving the growth of the actuator market going forward.

Growing Building Construction Activities Drives The Actuator Market

The growing building construction activities will support the growth of the actuator market. Building construction activities encompass the planning, erection, and assembly of structures, including residential, commercial, and industrial buildings, involving various processes such as excavation, foundation work, framing, and finishing. Actuators play a vital role in diverse construction applications, from automated ventilation and HVAC systems to precise control mechanisms in doors, windows, and building components. The expansion of building construction activities reflects a heightened need for advanced automation and control solutions, positioning the actuator market to flourish as an integral component in the construction landscape. For instance, according to Federal State Statistics Service, a Russia-based Government agency, construction output in Russia increased 6.50 % in July of 2023 over the same month in the previous year. Thus, the growing building construction activities will support the growth of the actuator market.

Major companies operating in the actuator market report are Emerson Electric Co., ABB Ltd., Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright Corporation, Eaton Corporation PLC, Honeywell International Inc., Rotork PLC, Misumi Group Inc., Cameron International Corporation, Samson AG, Parker Hannifin Corporation, Venture MFG Co., Altra Industrial Motion, Actuonix Motion Devices Inc., Aptiv PLC, AUMA Riester Gmbh & Co. KG, BorgWarner Inc., Continental AG, Denso Corporation, Festo AG & Co. K.G., Flowserve Corporation, GEA Group AG, General Electric Company, Hitachi Ltd., IAV Automotive Engineering, Johnson Controls International PLC, KITZ Corporation, Mecvel Technologies Private Limited, Nidec Corporation, Regal Rexnord Corporation, Robert Bosch GmbH .

Innovations For Redefining Industrial Electromechanical Solutions

Product innovations have emerged as a key trend gaining popularity in the actuator market. Major companies operating in the actuator market are focused on developing and launching innovative products to strengthen their position in the market. For instance, in October 2021, Curtiss-Wright Corporation, a US-based aviation company and developer of edge sensors, controls, sub-systems, and mission-critical components, introduced the Exlar SA-R080 rotary and SA-L080 linear actuators with integral controls, the newest sense and control actuator model. The SA-080 is the first frame size (80 mm) in Curtiss-Harsh Wright's environment control and sense family of industrial electromechanical actuators. The SA series actuators provide force, precision, energy efficiency, and control while requiring less cabling, external servo controls, and integration than more traditional actuation solutions. The SA-080 series’ features include a high-pressure seal and rod scraper for ingress protection, a standard rear manual drive for emergency operation, integrated power and control electronics tuned for high performance, and many others.

Advanced MCUs For Automotive Actuator And Sensor Control Applications

Major companies operating in the actuator market are focused on developing and launching advanced microcontroller sensors to offer enhanced security, rich connectivity, and functional safety capabilities and strengthen their position in the market. Advanced microcontroller sensors are highly sophisticated electronic devices integrated with microcontrollers to gather, process, and transmit data with precision, enabling enhanced functionalities in diverse applications such as IoT devices, robotics, and smart systems. For instance, in December 2021, Renesas Electronics Corporation a Japanese semiconductor manufacturer has launched two new microcontrollers (MCUs), the RL78/F24 and RL78/F23, designed for automotive actuator and sensor control applications supporting edge evolution in next-generation electronic and electrical (E/E) architecture. With these new MCUs, Renesas expands its RL78 Family of low-power 16-bit MCUs and strengthens its broader automotive portfolio, offering customers highly reliable, high-performance solutions for systems ranging from actuators to zone control and reducing costs while continuing to accelerate the advancement of E/E architecture.

Volz Servos Gmbh & Co. KG Acquired AEE Gmbh

In August 2021, Volz Servos GmbH & Co. KG, a Germany-based developer and manufacturer of electro-mechanical actuators, acquired AEE GmbH for an undisclosed amount. Through this acquisition, Volz added AEE to its portfolio to meet the demand for certifiable electromechanical actuators from the UAV (unmanned aerial vehicle) and UAM (urban air mobility) markets. AEE GmbH is a Germany-based specialist avionics company that develops mechanical actuators for the aviation sector.

Asia-Pacific was the largest region in the actuator market in 2023. North America was the second-largest region in the actuator market. The regions covered in the actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the actuator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The actuator market consists of sales of lead screw actuators and manual valve actuators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The actuator market research report is one of a series of new reports from The Business Research Company that provides actuator market statistics, including actuator industry global market size, regional shares, competitors with an actuator market share, detailed actuator market segments, market trends and opportunities, and any further data you may need to thrive in the actuator industry. This actuator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Actuator Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $59.9 billion
Revenue Forecast In 2033 $85.15 billion
Growth Rate CAGR of 9.2% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, Mechanical Actuators
2) By Motion: Linear Actuator, Rotary Actuator
3) By End User: Automotive, Aerospace, Oil And Gas, Pharmaceutical, Power Generation, Food And Beverages, Chemicals, Mining, Other End Users
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Emerson Electric Co.; ABB Ltd.; Rockwell Automation Inc.; Moog Inc.; SMC Corporation; Curtis Wright Corporation; Eaton Corporation Plc; Honeywell International Inc.; Rotork Plc; Misumi Group Inc.; Cameron International Corporation; Samson AG; Parker Hannifin Corporation; Venture MFG Co.; Altra Industrial Motion; Actuonix Motion Devices Inc.; Aptiv PLC; AUMA Riester Gmbh & Co. KG; BorgWarner Inc.; Continental AG; Denso Corporation; Festo AG & Co. K.G.; Flowserve Corporation; GEA Group AG; General Electric Company; Hitachi Ltd.; IAV Automotive Engineering; Johnson Controls International PLC; KITZ Corporation; Mecvel Technologies Private Limited; Nidec Corporation; Regal Rexnord Corporation; Robert Bosch GmbH
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    Table Of Contents

    1. Executive Summary

    2. Actuator Market Characteristics

    3. Actuator Market Trends And Strategies

    4. Actuator Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Actuator Market Size and Growth

    5.1. Global Actuator Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Actuator Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Actuator Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Actuator Market Segmentation

    6.1. Global Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Pneumatic Actuators

    Hydraulic Actuators

    Electric Actuators

    Mechanical Actuators

    6.2. Global Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Linear Actuator

    Rotary Actuator

    6.3. Global Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Automotive

    Aerospace

    Oil And Gas

    Pharmaceutical

    Power Generation

    Food And Beverages

    Chemicals

    Mining

    Other End Users

    7. Actuator Market Regional And Country Analysis

    7.1. Global Actuator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Actuator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Actuator Market  

    8.1. Asia-Pacific Actuator Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Actuator Market  

    9.1. China Actuator Market Overview  

    9.2. China Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Actuator Market  

    10.1. India Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Actuator Market  

    11.1. Japan Actuator Market Overview  

    11.2. Japan Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Actuator Market  

    12.1. Australia Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Actuator Market  

    13.1. Indonesia Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Actuator Market  

    14.1. South Korea Actuator Market Overview  

    14.2. South Korea Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Actuator Market  

    15.1. Western Europe Actuator Market Overview

    15.2. Western Europe Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Actuator Market  

    16.1. UK Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Actuator Market  

    17.1. Germany Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Actuator Market  

    18.5. France Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Actuator Market  

    19.9. Italy Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Actuator Market  

    20.13. Spain Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Actuator Market  

    21.1. Eastern Europe Actuator Market Overview

    21.2. Eastern Europe Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Actuator Market  

    22.1. Russia Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Actuator Market  

    23.1. North America Actuator Market Overview

    23.2. North America Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Actuator Market  

    24.1. USA Actuator Market Overview

    24.2. USA Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Actuator Market  

    25.1. Canada Actuator Market Overview

    25.2. Canada Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Actuator Market  

    26.1. South America Actuator Market Overview

    26.2. South America Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Actuator Market  

    27.1. Brazil Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Actuator Market  

    28.1. Middle East Actuator Market Overview

    28.2. Middle East Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Actuator Market  

    29.1. Africa Actuator Market Overview

    29.2. Africa Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Actuator Market Competitive Landscape And Company Profiles

    30.1. Actuator Market Competitive Landscape

    30.2. Actuator Market Company Profiles

    30.2.1. Emerson Electric Co.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. ABB Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Rockwell Automation Inc.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Moog Inc.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. SMC Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Actuator Market Competitive Benchmarking

    32. Global Actuator Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Actuator Market

    34. Actuator Market Future Outlook and Potential Analysis

    34.1 Actuator Market In 2028 - Countries Offering Most New Opportunities

    34.2 Actuator Market In 2028 - Segments Offering Most New Opportunities

    34.3 Actuator Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Actuator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Actuator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Emerson Electric Co. Financial Performance
  • Table 75: ABB Ltd. Financial Performance
  • Table 76: Rockwell Automation Inc. Financial Performance
  • Table 77: Moog Inc. Financial Performance
  • Table 78: SMC Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Actuator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Actuator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Actuator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Actuator Market, Segmentation By Motion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Actuator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Emerson Electric Co. Financial Performance
  • Figure 75: ABB Ltd. Financial Performance
  • Figure 76: Rockwell Automation Inc. Financial Performance
  • Figure 77: Moog Inc. Financial Performance
  • Figure 78: SMC Corporation Financial Performance
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Frequently Asked Questions

What is the definition of the actuator market?

An actuator refers to a device that converts a control signal into mechanical action, such as driving an electric motor, to move or operate some machine. While actuators normally produce circular motion, they can also do so by using screws and wheel-and-axle systems to provide linear motion. For further insights on the actuator market, request a sample here

How will the actuator market drivers and restraints affect the actuator market dynamics? What forces will shape the actuator industry going forward?

The actuator market major growth driver - growing popularity of electric vehicle sales propelling actuator market growth. For further insights on the actuator market, request a sample here

What is the forecast market size or the forecast market value of the actuator market ?

The actuator market size has grown strongly in recent years. It will grow from $54.79 billion in 2023 to $59.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to automation in manufacturing, industrialization, energy sector expansion, healthcare equipment demand, smart buildings and infrastructure. The actuator market size is expected to see strong growth in the next few years. It will grow to $85.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to renewable energy expansion, electrification of vehicles, precision medicine and biotechnology, urbanization and infrastructure developmen, focus on energy efficiency, rise of robotics and automation. Major trends in the forecast period include rise of electric actuators, advancements in smart actuators, expansion of industrial internet of things (iiot) integration, growth in robotics and automation, miniaturization and high-precision actuatorsadoption of pneumatic and hydraulic actuators in industrial applications. For further insights on the actuator market, request a sample here

How is the actuator market segmented?

The actuator market is segmented
1) By Type: Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, Mechanical Actuators
2) By Motion: Linear Actuator, Rotary Actuator
3) By End User: Automotive, Aerospace, Oil And Gas, Pharmaceutical, Power Generation, Food And Beverages, Chemicals, Mining, Other End UsersFor further insights on the actuator market, request a sample here

Which region has the largest share of the actuator market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the actuator market in 2023. North America was the second-largest region in the actuator market. The regions covered in the actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the actuator market, request a sample here.

Who are the major players in the actuator market?

Major companies operating in the actuator market report are Emerson Electric Co., ABB Ltd., Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright Corporation, Eaton Corporation Plc, Honeywell International Inc., Rotork Plc, Misumi Group Inc., Cameron International Corporation, Samson AG, Parker Hannifin Corporation, Venture MFG Co., Altra Industrial Motion, Actuonix Motion Devices Inc., Aptiv PLC, AUMA Riester Gmbh & Co. KG, BorgWarner Inc., Continental AG, Denso Corporation, Festo AG & Co. K.G., Flowserve Corporation, GEA Group AG, General Electric Company, Hitachi Ltd., IAV Automotive Engineering, Johnson Controls International PLC, KITZ Corporation, Mecvel Technologies Private Limited, Nidec Corporation, Regal Rexnord Corporation, Robert Bosch GmbH . For further insights on the actuator market, request a sample here.

What are the key trends in the actuator market?

Major trend in the actuator market - innovations for redefining industrial electromechanical solutions. For further insights on the actuator market, request a sample here.

What are the major opportunities in the actuator market? What are the strategies for the actuator market?

For detailed insights on the major opportunities and strategies in the actuator market, request a sample here.

How does the actuator market relate to the overall economy and other similar markets?

For detailed insights on actuator market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the actuator industry?

For detailed insights on the mergers and acquisitions in the actuator industry, request a sample here.

What are the key dynamics influencing the actuator market growth? SWOT analysis of the actuator market.

For detailed insights on the key dynamics influencing the actuator market growth and SWOT analysis of the actuator industry, request a sample here.