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Actuators - Global Market Outlook (2018-2027)

Actuators - Global Market Outlook (2018-2027)

4.2 (97 reviews)
Published: September 2019 ID: SMRC18616
4.2 (97 reviews)
Published: September 2019 ID: SMRC18616

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Actuators market accounted for $44.48 billion in 2018 and is expected to reach $110.15 billion by 2027 growing at a CAGR of 10.6% during the forecast period. Some of the key factors such as rising investments to carry out process automation in end-use industries of emerging economies and the rising number of air passengers and new aircraft deliveries are driving the market growth. However, continuous upheavals in the oil & gas industry and volatility in the price of crude oil act as the restraining factors for the market growth.

An actuator is a component of a machine that is in charge of moving and controlling a component or system, for instance by opening a valve. In basic terms, it is a "mover". It is the mechanism by which a control system acts upon an environment. The control system can be straightforward (a fixed mechanical or electronic system), software-based (for example a printer driver, robot control system), a human, or any other input. An actuator requires a control signal and a source of energy that is generally low energy and might be electric voltage or current, pneumatic or hydraulic pressure, or even human power.

By Application, robotics segment is going to have a lucrative growth during the forecast period. Industries like automotive and electrical & electronics have indicated higher adoption of robots. Other Different sectors such as pharmaceutical, pulp & paper, and food & beverages are expected to incline more towards the utilization of robots by expanding the adoption of robots by small- and medium-sized enterprises. By geography, Asia-Pacific is going to have a lucrative growth during the forecast period. Rising demand for industrial robots and automation in various industrial verticals are a portion of opportunities impacting the growth of the market.  This factor is a great opportunity for manufacturers to strengthen their organizations in this region.
 
Some of the key players in Actuators market include ABB, Rockwell Automation, Altra Industrial Motion, SKF, Curtis Wright (Exlar), Nook Industries, Inc., IMI PLC, Misumi Group Inc., Tolomatic, Macron Dynamics, IAI, Cedrat Technologies, Harmonic Drive LLC, Kollmorgen, DVG Automation, Rotomation, Moog, SMC  and Venture Mfg. Co.

Types Covered:
• Rotary Actuators
• Linear Actuators

Actuations Covered:
• Hydraulic
• Electrical
• Mechanical
• Pneumatic
• Other Actuations

Applications Covered:
• Vehicles and Equipment 
• Industrial Automation   
• Robotics

End Users Covered:
• Electronics & Electrical  
• Utilities  
• Metals, Mining, and Machinery 
• Food & Beverages 
• Chemicals, Paper, and Plastics 
• Agriculture 
• Automotive    
• Marine    
• Construction  
• Oil & Gas 
• Household & Entertainment 
• Power Generation  
• Pharmaceutical & Healthcare 
• Water & Wastewater 
• Aerospace & Defense 
• Other End Users
  
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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