HOME Top Market Reports Actuators Market by Type (Pneumatic, Hydraulic, Electric, Mechanical), by Industry Application (Oil & Gas, Power, Chemical, Water & Waste Water, Iron & Steel, Pulp & Paper, Mining, Food & Beverage, Others), by End-Use (Aerospace, Automotive, Defense, Marine) Region (North America, Asia-Pacific, Europe, Middle East, Row) - Global Forecast to 2021

Actuators Market by Type (Pneumatic, Hydraulic, Electric, Mechanical), by Industry Application (Oil & Gas, Power, Chemical, Water & Waste Water, Iron & Steel, Pulp & Paper, Mining, Food & Beverage, Others), by End-Use (Aerospace, Automotive, Defense, Marine) Region (North America, Asia-Pacific, Europe, Middle East, Row) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: June 2016
Report Code: AS 2252

 

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The actuators market is projected to grow from USD 36.63 Billion in 2016 to USD 47.72 Billion by 2021, at a CAGR of 5.43%. The base year considered for the report is 2015, and the forecast period is between 2016 and 2021. This growth is due to technological advancement, and miniaturization and automation in equipment design worldwide.

Objective of the Study:

The report forecasts the actuators market for the next five years. It also identifies and analyzes evolving technologies, recent developments, and high potential geographic regions and countries. The actuators market has been analyzed on the basis of end-use (marine, automotive, aerospace and defense), type (pneumatic actuators, hydraulic actuators, electrical actuators and mechanical actuators), industry application (oil & gas, power, chemical, water & waste water, iron & steel, pulp & paper, mining, food & beverage, others) and region (North America, Europe, Asia-Pacific, the Middle East and RoW). The report provides a competitive landscape for key players in the market with explicit focus on their product offerings, key financials, and growth strategies adopted by them to sustain their market position.

Research Methodology:

Key players in the actuators market have been identified through secondary research and their market shares have been determined through both, primary and secondary researches. These include a study of annual and financial reports of top players and extensive interviews of key industry experts

All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to procure the final quantitative and qualitative data. This data has been consolidated, added with detailed inputs and analysis by MarketsandMarkets, and presented in this report. The following figure represents the primary interview breakdown undertaken during the course of this study on the actuators market:

Actuators Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the actuators market comprises original equipment manufacturers (OEMs), aerospace equipment manufacturers, defense manufacturers and automotive manufacturers. Rotork Plc (U.K.), Pentair Plc (U.K.), Honeywell International Inc. (U.S.), Emerson Electric (U.S.), and Cameron International Corporation (U.S.) are some of the key manufacturers in the actuators market.

Key Target Audience:

  • Actuator system manufacturers
  • Actuator parts providers or suppliers
  • Sub-component manufacturers
  • Actuator retailers, distributer, and wholesalers
  • Automotive component manufacturers
  • Defense component manufacturers
  • Aerospace component manufacturers

“Furthermore, this study answers several questions for stakeholders, which focus on prioritizing efforts and investments to be made in this industry over the period of next five years”

Scope of the Report

This research report categorizes the actuators market into the following segments and subsegments:

Actuators Market, By End Use

  • Marine
  • Automotive
  • Aerospace
  • Defense

Actuators Market, By Type

  • Pneumatic actuators
  • Hydraulic actuators
  • Electrical actuators
  • Mechanical actuators

Actuators Market, By Industrial Application

  • Oil & gas,
  • Power
  • Chemical
  • Water and waste water
  • Iron and steel
  • Pulp and paper
  • Mining
  • Food and beverage
  • Others

Actuators Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • RoW

Customizations available for the report:

With the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of key market players (Upto 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Study Scope
                    1.2.1.1 Industrial Actuators Segment
                    1.2.1.2 End-Use Actuators Segment
           1.2.2 Limitations
           1.2.3 Markets Covered
           1.2.4 Years Considered for the Study
           1.2.5 Currency
    1.3 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Developing Economies to Offer Several Untapped and Unexplored Opportunities
    4.2 Actuators Market, By End-Use
    4.3 End-Use Actuators Market, By Type
    4.4 Actuators Market, By Industry Application
    4.5 Marine End-Use Actuators Market, By Region
    4.6 Defense Actuators Market, By Region
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Developing Automotive Industry in Emerging Markets
                    5.4.1.2 Growing Trend of More Electric Aircraft
                    5.4.1.3 Increasing Power Consumption
                    5.4.1.4 Increased Automation in Emerging Economies
                    5.4.1.5 Increase in Aviation Passenger Traffic
           5.4.2 Restraints
                    5.4.2.1 Volatility in Oil and Gas Market
                    5.4.2.2 Increasing Demand for Energy-Efficient Systems
           5.4.3 Challenges
                    5.4.3.1 Power Consumption Issues in Electric Actuators
                    5.4.3.2 Noise and Air Leak Issues in Pneumatic Actuators
           5.4.4 Opportunities
                    5.4.4.1 Inclination of Construction Industry Towards Green Technologies
                    5.4.4.2 Growing Air Traffic in Emerging Economies
                    5.4.4.3 Shift Towards Electronically Driven Solutions and Smart Technology

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Patent Analysis
    6.3 Technology Trends
    6.4 Value Chain
    6.5 Supply Chain

7 Actuators Market, By Type (Page No. - 55)
    7.1 Introduction
    7.2 Pneumatic Actuators
    7.3 Hydraulic Actuators
    7.4 Electric Actuators
    7.5 Mechanical Actuators

8 Actuators Market, By Industrial Application (Page No. - 62)
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Power
    8.4 Chemical
    8.5 Water & Waste Water
    8.6 Iron & Steel
    8.7 Pulp & Paper
    8.8 Mining
    8.9 Food & Beverages
    8.10 Others

9 Actuators Market, By End Use (Page No. - 75)
    9.1 Introduction
    9.2 Marine
           9.2.1 Asia-Pacific
           9.2.2 North-America
           9.2.3 Europe
           9.2.4 Middle East
           9.2.5 Rest of the World (RoW)
    9.3 Defense
           9.3.1 Asia-Pacific
           9.3.2 North-America
           9.3.3 Europe
           9.3.4 Middle East
           9.3.5 Rest of the World (RoW)
    9.4 Aerospace
           9.4.1 Asia-Pacific
           9.4.2 North-America
           9.4.3 Europe
           9.4.4 Middle East
           9.4.5 Rest of the World (RoW)
    9.5 Automotive
           9.5.1 Asia-Pacific
           9.5.2 North America
           9.5.3 Europe
           9.5.4 Middle East
           9.5.5 Rest of the World (RoW)

10 Regional Analysis (Page No. - 94)
     10.1 Introduction
     10.2 North America
             10.2.1 By Industrial Application
             10.2.2 By End-Use
             10.2.3 By Type
             10.2.4 By Country
                        10.2.4.1 U.S.
                                     10.2.4.1.1 By Industrial Application
                                     10.2.4.1.2 By End-Use
                        10.2.4.2 Canada
                                     10.2.4.2.1 By Industrial Application
                                     10.2.4.2.2 By End-Use
     10.3 Europe
             10.3.1 By Industrial Application
             10.3.2 By End-Use
             10.3.3 By Type
             10.3.4 By Country
                        10.3.4.1 Germany
                                     10.3.4.1.1 By Industrial Application
                                     10.3.4.1.2 By End-Use
                        10.3.4.2 U.K.
                                     10.3.4.2.1 By Industrial Application
                                     10.3.4.2.2 By End-Use
                        10.3.4.3 France
                                     10.3.4.3.1 By Industrial Application
                                     10.3.4.3.2 By End-Use
                        10.3.4.4 Russia
                                     10.3.4.4.1 By Industrial Application
                                     10.3.4.4.2 By End-Use
                        10.3.4.5 Rest of Europe
                                     10.3.4.5.1 By Industrial Application
                                     10.3.4.5.2 By End-Use
     10.4 Asia-Pacific
             10.4.1 By Industrial Application
             10.4.2 By End-Use
             10.4.3 By Type
             10.4.4 By Country
                        10.4.4.1 China
                                     10.4.4.1.1 By Industrial Application
                                     10.4.4.1.2 By End-Use
                        10.4.4.2 India
                                     10.4.4.2.1 By Industrial Application
                                     10.4.4.2.2 By End-Use
                        10.4.4.3 Japan
                                     10.4.4.3.1 By Industrial Application
                                     10.4.4.3.2 By End-Use
                        10.4.4.4 South Korea
                                     10.4.4.4.1 By Industrial Application
                                     10.4.4.4.2 By End-Use
                        10.4.4.5 Rest of Asia-Pacific
                                     10.4.4.5.1 By Industrial Application
                                     10.4.4.5.2 By End-Use
     10.5 The Middle-East
             10.5.1 By Industrial Application
             10.5.2 By End-Use
             10.5.3 By Type
             10.5.4 By Country
                        10.5.4.1 Saudi Arabia
                                     10.5.4.1.1 By Industrial Application
                                     10.5.4.1.2 By End-Use
                        10.5.4.2 Rest of Middle East
                                     10.5.4.2.1 By Industrial Application
                                     10.5.4.2.2 By End-Use
     10.6 Rest of the World
             10.6.1 By Industrial Application
             10.6.2 By End-Use
             10.6.3 By Type
             10.6.4 By Country
                        10.6.4.1 Brazil
                                     10.6.4.1.1 By Industrial Application
                                     10.6.4.1.2 By End-Use
                        10.6.4.2 Others
                                     10.6.4.2.1 By Industrial Application
                                     10.6.4.2.2 By End-Use

11 Competitive Landscape (Page No. - 137)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Brand Analysis
     11.4 Product Portfolio
     11.5 Competitive Situation and Trends
             11.5.1 Mergers, Acquisitions & Expansions
             11.5.2 Partnerships, Collaborations, and Contracts & Agreements
             11.5.3 New Product Launch

12 Company Profiles (Page No. - 148)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     12.1 Introduction
     12.2 Rotork PLC
     12.3 Pentair PLC
     12.4 Eaton
     12.5 Honeywell International Inc.
     12.6 Emerson Electric
     12.7 Moog, Inc.
     12.8 SAAB AB
     12.9 Cameron International Corporation
     12.10 SMC Corporation
     12.11 Festo Ag & Co. Kg

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 175)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customization
             13.4.1 Geographic Analysis
                        13.4.1.1 Latin America
                                     13.4.1.1.1 Mexico
                                     13.4.1.1.2 Argentina
                        13.4.1.2 Africa
                                     13.4.1.2.1 Kenya
                                     13.4.1.2.2 Egypt
             13.4.2 Additional 5 Company Profiling
     13.5 Related Reports


List of Tables (105 Tables)

Table 1 Industrial Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 2 Vehicle Production in Major Regions, 2006–2013 (Million Units)
Table 3 Average Annual Opec Crude Oil Price (USD Per Barrel)
Table 4 Patent Analysis, 2012 - 2016
Table 5 Actuators Market Size, By Product, 2014-2020 (USD Million)
Table 6 Pneumatic Actuators Market Size, By Region, 2014-2021 (USD Million)
Table 7 Hydraulic Actuators Market Size, By Region, 2014-2021 (USD Million)
Table 8 Electric Actuators Market Size, By Region, 2014-2021 (USD Million)
Table 9 Mechanical Actuators Market Size, By Region, 2014-2021 (USD Million)
Table 10 Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 11 Actuators Market in Oil & Gas Industry, By Region, 2014-2021 (USD Million)
Table 12 Actuators Market Size in Power Industry, By Region, 2014-2021 (USD Million)
Table 13 Actuators Market Size in Chemical Industry, By Region, 2014-2021 (USD Million)
Table 14 Actuators Market Size in Water & Waste Water Industry, By Region, 2014-2021 (USD Million)
Table 15 Actuators Market Size in Iron & Steel Industry, By Region, 2014-2021 (USD Million)
Table 16 Actuators Market Size in Pulp & Paper Industry, By Region, 2014-2021 (USD Million)
Table 17 Actuators Market Size in Mining Industry, By Region, 2014-2021 (USD Million)
Table 18 Actuators Market Size in Food & Beverages Industry, By Region, 2014-2021 (USD Million)
Table 19 Actuators Market Size in Others, By Region, 2014-2021 (USD Million)
Table 20 Actuators Market Size, By End Use, 2014–2021 (USD Million)
Table 21 Marine Actuators Market Size , By Region, 2014–2021 (USD Million)
Table 22 Asia Pacific: Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 23 North America: Actuators Market Size, By Geography 2014-2021 (USD Million)
Table 24 Europe : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 25 Middle East : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 26 RoW : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 27 Defense Actuators Market Size By Region, 2014–2021 (USD Million)
Table 28 Asia-Pacific: Actuators Market Size, By Geography , 2014-2021 (USD Million)
Table 29 North America: Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 30 Europe : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 31 Middle East : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 32 RoW : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 33 Aerospace Actuators Market Size , By Region, 2014–2021 (USD Million)
Table 34 Asia Pacific: Actuators Market Size, By Geography ,2014-2021 (USD Million)
Table 35 North America: Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 36 Europe : Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 37 Middle East : Actuators Market Size, By Geography, 2014-2021 (USDmillion)
Table 38 RoW : Actuators Market Size, By Geography, 2014-2021 (USDmillion)
Table 39 Automotive Actuators Market Size , By Region, 2014–2021 (USD Million)
Table 40 Asia-Pacific: Actuators Market Size, By Geography , 2014-2021 (USDmillion)
Table 41 North America: Actuators Market Size, By Geography, 2014-2021 (USD Million)
Table 42 Europe : Actuators Market Size, Bygeography, 2014-2021 (USDmillion)
Table 43 Middle East : Actuators Market Size, By Geography , 2014-2021 (USDmillion)
Table 44 RoW : Actuators Market Size, By Countries, 2016-2021 (USDmillion)
Table 45 Actuators Market Size, By Region, 2014-2021 (USD Million)
Table 46 Actuators Market Size, By Type, 2014-2021 (USD Million)
Table 47 Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 48 Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 49 North America: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 50 North America: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 51 North America: Actuators Market Size, By Type, 2014-2021 (USD Million)
Table 52 North America: Actuators Market Size, By Country, 2014-2021 (USD Million)
Table 53 U.S. Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 54 U.S. : Actuator Market Size, By End-Use, 2014-2021 (USD Million)
Table 55 Canada: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 56 Canada: Actuators Market Size, By End-Use, 2016-2021 (USD Million)
Table 57 Europe: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 58 Table Europe: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 59 Europe: Actuators Market Size, By Type, 2014-2021 (USD Million)
Table 60 Europe: Actuators Market Size, By Country, 2014-2021 (USD Million)
Table 61 Germany: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 62 Germany: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 63 U.K.: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 64 U.K.: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 65 France: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 66 France: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 67 Russia: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 68 Russia: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 69 Rest of Europe: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 70 Rest of Europe: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 71 Asia-Pacific: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 72 Asia-Pacific: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 73 Asia-Pacific: Actuators Market Size, By Type, 2014-2021 (USD Million)
Table 74 Asia-Pacific Actuator Market Size, By Country, 2014-2021 (USD Million)
Table 75 China: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 76 China: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 77 India: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 78 India: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 79 Japan: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 80 Japan: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 81 South Korea: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 82 South Korea: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 83 Rest of Asia-Pacific: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 84 Rest of Asia-Pacific: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 85 Middle East: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 86 Middle East: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 87 Middle East: Actuators Market Size, By Type, 2014-2021 (USD Million)
Table 88 Middle East: Actuators Market Size, By Country, 2014-2021 (USD Million)
Table 89 Saudi Arabia: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 90 Saudi Arabia: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 91 Rest of Middle East: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 92 Rest of Middle East: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 93 Rest of the World: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 94 Rest of the World: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 95 Rest of the World: Actuators Market Size, By Type, 2014-2021 (USD Million)
Table 96 Actuators Market Size, By Country, 2014-2021 (USD Million)
Table 97 Brazil: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 98 Brazil: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 99 Others: Actuators Market Size, By Industrial Application, 2014-2021 (USD Million)
Table 100 Others: Actuators Market Size, By End-Use, 2014-2021 (USD Million)
Table 101 Brand Analysis: Actuators Market
Table 102 Product Portfolio: Actuators Market
Table 103 Mergers & Acquisitions, 2013-2015
Table 104 Partnerships,Collaborations, and Collaborations & Agreementas,June 2013-February 2016
Table 105 New Product Launch, 2013-February 2016


List of Figures (69 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation : Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Water and Waste Water Segment of Industrial Actuators Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 The Electrical Actuators Segment is Expected to Lead in the Industrial Actuators Market During the Forecast Period
Figure 8 The Automotive Segment of the End Use Actuators Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Asia-Pacific is Estimated to Contribute the Largest Share to the End Use Actuators Market in 2016
Figure 10 Asia-Pacific is Estimated to Contribute the Largest Share to the Industrial Actuators Market in 2016
Figure 11 Attractive Market Opportunities in End-Use Actuators Market, 2016-2021
Figure 12 Automotive Expected to Be Most Lucrative Segment, Among End-Use, 2014-2021
Figure 13 Electric Actuators Market Expected to Be the Largest Among Type Segment, 2016-2021
Figure 14 Oil & Gas Segment Expected to Dominate the Industrial Actuators Market
Figure 15 Asia-Pacific Expected to Hold the Largest Market Share in the Marine End-Use Segment
Figure 16 North America Expected to Dominate the Defense End-Use Segment
Figure 17 Asia-Pacific Market Expected to Grow at the Highest Rate Between 2016 and 2021
Figure 18 Actuator Market Segmentation
Figure 19 Actuators Market: Drivers, Restraints, Opportunities, Challenges
Figure 20 Increase in Power Consumption in the Top 10 Countries (2009 & 2013)
Figure 21 Aviation Passenger Carried Ly, 2004-2014, (Million)
Figure 22 Urban Population
Figure 23 Worldwide Energy Consumption, 1990–2040, Quadrillion Btu
Figure 24 Technological Development is A Growing Trend in Actuator Market
Figure 25 Value Chain Analysis
Figure 26 Supply Chain Analysis
Figure 27 Electric Actuators Segment Expected to Witness Highest Growth During the Forecast Period
Figure 28 Pneumatic Actuators Market Expected to Register Highest Growth in Asia-Pacific During the Forecast Period
Figure 29 Hydraulic Actuators Market Estimated to Witness Highest Growth in Asia-Pacific During the Forecast Period
Figure 30 Electric Actuators Market Expected to Register the Highest Growth in Asia-Pacific During the Forecast Period
Figure 31 Mechanical Actuators Market Expected to Register Highest Growth in Asia-Pacific
Figure 32 Actuators Market in Chemical Industry to Grow at the Fastest Rate During the Forecast Period
Figure 33 Actuators Market in Oil & Gas Segment is Estimated to Witness Highest Growth in Asia-Pacific During the Forecast Period
Figure 34 Actuators Market in Power Industry is Expected to Register Highest Growth in Asia-Pacific
Figure 35 Actuators Market in Chemical Industry is Expected to Register Highest Growth in Asia-Pacific
Figure 36 Actuators Market in Water & Waste Water Industry is Expected to Register Highest Growth in Asia-Pacific
Figure 37 Actuators Market in Iron & Steel Industry is Expected to Register Highest Growth in Asia-Pacific
Figure 38 The Actuators Market in Pulp and Paper Industry is Expected to Register Highest Growth in Asia-Pacific
Figure 39 Actuators Market in Mining Industry Expected to Register Highest Growth in Asia-Pacific
Figure 40 Actuators Market in Food & Beverages Industry is Expected to Register Highest Growth in Asia-Pacific
Figure 41 Actuators Market in Others is Expected to Register the Highest Growth in North America
Figure 42 Automotive Segment for End Use in the Actuator Market is Expected to Register the Highest Growth
Figure 43 Asia-Pacific is Expected to Dominate the Marine Actuators Market Throughout the Forecast Period
Figure 44 Asia-Pacific is Projected to Grow at the Highest CAGR in the Defense Actuator Market During the Forecast Period
Figure 45 Europe is Anticipated to Grow at the Highest CAGR in the Aerospace Actuators Market During the Forecast Period
Figure 46 Asia-Pacific is Expected to Dominate the Automotive Actuators Market During the Forecast Period
Figure 47 Asia-Pacific is Estimated to Dominate the Actuators Market in 2016
Figure 48 North America Snapshot: United States is Expected to Witness Highest Growth During the Forecast Period
Figure 49 Europe Snapshot: Germany is Estimated to Witness Highest Growth During the Forecast Period
Figure 50 Asia-Pacific Snapshot: China is Expected to Witness Highest Growth During the Forecast Period
Figure 51 Middle East Snapshot: Saudi Arabia Expected to Witness Highest Growth During the Forecast Period
Figure 52 Rest of the World Snapshot: Brazil Expected to Witness the Highest Growth During the Next Five Years
Figure 53 Companies Adopted Partnerships, Collaboration & Agreements as the Key Growth Strategy Between June 2013-And February 2016
Figure 54 Market Share Analysis, By Company, 2015.
Figure 55 Regional Revenue Mix of Top 5 Market Players
Figure 56 Rotork PLC: Company Snapshot
Figure 57 Rotork PLC: SWOT Analysis
Figure 58 Pentair PLC: Company Snapshot
Figure 59 Pentair: SWOT Analysis
Figure 60 Eaton: Company Snapshot
Figure 61 Eaton: SWOT Analysis
Figure 62 Honeywell International Inc.: Company Snapshot
Figure 63 Honeywell International Inc.: SWOT Analysis
Figure 64 Emerson Electric: Company Snapshot
Figure 65 Emerson Electric: SWOT Analysis
Figure 66 Moog, Inc.: Company Snapshot
Figure 67 SAAB AB: Company Snapshot
Figure 68 Cameron International Corporation: Company Snapshot
Figure 69 SMC Corporation: Company Snapshot

The actuators market is projected to grow from USD 36.63 Billion in 2016 to USD 47.72 Billion by 2021, growing at a CAGR of 5.43% between 2016 and 2021. Factors influencing the growth of this market include rise in installation of automated systems in automotive vehicles, along with the increasing need to reduce power consumption in aircraft. The number of aircraft has increased due to rise in air traffic. The actuators market is highly dependent on the number of automotive vehicle launches, and the number of aircraft manufacturing and defense programs being carried out by different countries. This has further resulted in procurement of power-efficient and low weight actuators.

In this report, the actuators market has been categorized into four key segments, namely, by industry application, by end use, by type, and by region. The industry application segment has been further categorized into oil and gas, power, chemical, water and waste water, iron and steel, pulp and paper, mining, food and beverage, others. The end use segment includes marine, automotive, and aerospace and defense; the type segment includes pneumatic actuators, hydraulic actuators, electrical actuators and mechanical actuators. On the basis of region, the market has been classified into North America, Europe, Asia-Pacific, the Middle East and RoW (Rest of the World).

Under the end-use segment covered in the report, the actuators market is dominated by the automotive sub-segment. This growth can mainly be attributed to the rise in automotive vehicles in emerging markets, such as India and China, where the demand is rising from the upper middle class income group.

The Asia-Pacific is the most dominant region in the actuators market, as of 2016, followed by North America. The actuators market in Asia-Pacific is also projected to grow at the highest CAGR during the forecast period. Factors driving the growth of this market include exponential growth in use of automotive vehicles in the region, thereby increasing the demand for effective and technologically-advanced automotive vehicles with power-efficient actuators. On the other hand, recent changes in defense budgets of developing nations for better marine, land and air defense equipment is expected to positively impact the actuators market in the region.

Actuators Market

Factors, such as highly matured end use segment, and growing demand for energy-efficient systems are restraining the growth of this market.

Key players operating in the actuators market are Rotork Plc (U.K.), Festo AG & Co. KG (Germany), Pentair Plc (U.K.), Honeywell International Inc. (U.S.), Emerson Electric (U.S.), and Cameron International Corporation (U.S.). Partnership, collaborations, agreements, and contracts are the major growth strategies adopted by the players to strengthen their position and enhance their product offerings.

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