Actuators Market

Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles & Equipment), Vertical (Automotive, Electronics, Healthcare), and Region - Global Forecast to 2024

Report Code: AS 2252 Jun, 2019, by marketsandmarkets.com

[312 Pages Report] The actuators market is estimated to be USD 49.2 billion in 2019 and is projected to reach USD 74.5 billion by 2024, at a CAGR of 8.6 % from 2019 to 2024. The need to increase productivity & reduce downtime in industrial facilities & manufacturing activities worldwide are the major factors expected to drive the market for actuators globally. The development of advanced & cost-effective actuators and increasing demand for industrial robots & process automation in different industrial verticals are some of the opportunities impacting the growth of the actuators market.

Actuators Market

By type, the Linear actuator segment is expected to grow at the highest CAGR during the forecast period

Based on type, the given market is segmented into linear and rotary. The linear segment is projected to grow at the highest CAGR during the forecast period. Linear actuators are used primarily in automation applications. They are used in a wide range of industries where positioning is needed.

The robotics segment is expected to grow at the highest CAGR in the actuators market from 2019 to 2024

Based on application, the actuators market has been segmented into industrial automation and robotics. Industries such as automotive and electrical & electronics have shown higher adoption of robots. Other sectors such as pharmaceutical, pulp & paper, and food & beverages are expected to incline more towards the use of robots by increasing adoption of robots by small- and medium-sized enterprises.

The electrical actuation segment to account for the largest market share in the actuators market in 2019

Based on actuation, the actuators market has been segmented into pneumatic, hydraulic, electrical and others. The growth of the electrical actuation segment can be attributed to the replacement of hydraulic and pneumatic actuators by electrical actuators due to their higher efficiency and greater levels of control. The amount of energy consumed in hydraulic and pneumatic actuators is higher than that by electrical actuators.

Actuators Market

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period in the actuatorsmarket.

The actuators market has been growing at a significant rate, and this trend is expected to continue during the forecast period. However, the development of advanced & cost-effective actuators, and increasing demand for industrial robots and industrial automation in different industrial verticals are some of the opportunities impacting the growth of the actuators market.  China and Japan are primarily investing in automation to enhance and gain a tactical edge. This factor is an excellent opportunity for actuator manufacturers to strengthen their businesses in the Asia Pacific region.

Key Market Players

The major players in the actuators market include ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtiss Wright (US), and MISUMI (Japan), among others. ABB is one of the leading players in the actuators market. The company has high-value contracts with countries, such as China. It holds a greater share in automating the industrial process across different industrial verticals. The company has also been focusing on the acquisition of small players to increase its product offerings as well as market share. It has adopted several other strategies, such as partnerships, agreements, and the establishment of new manufacturing facilities to strengthen its market position as well as ensure future growth.

Scope of the report

Report Metric

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019-2024

Forecast units

Value(USD)

Segments covered

By Actuation, Type, Vertical, Application, and Region

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtiss Wright(Exlar) (US), and MISUMI (Japan), among others.

This research report categorizes the actuators market based on actuation, type, vertical, application, and region.

On the basis of Actuation, the actuators market has been segmented as follows:

  • Electrical
  • Pneumatic
  • Hydraulic
  • Others (Shape Memory Alloys, Piezoelectric, Thermal, Hybrid, Magnetic)

On the basis of Type, the actuators market has been segmented as follows:

  • Linear
  • Rotary

On the basis of Application, the actuators market has been segmented as follows:

  • Industrial Automation
  • Robotics
  • Vehicles and Equipment

On the basis of Vertical, the actuators market has been segmented as follows:

  • Food & Beverages
  • Oil & Gas
  • Metals, Mining, & Machinery
  • Power Generation
  • Chemicals, Paper, and Plastics
  • Pharmaceutical & Healthcare
  • Automotive
  • Aerospace & Defense
  • Marine
  • Electronics & Electricals
  • Construction
  • Utilities
  • Household & Entertainment

On the basis of Region, the actuators market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In August 2018, Rockwell Automation received a contract from the National Copper Corporation, Chile to supply control systems for the Chuquicamata underground mine at USD 50 million. This contract includes the supply, configuration, and assembly of four systems which comprise mine control systems.
  • In November 2018, ABB received a contract from China Petroleum Engineering and Construction Corporation (CPECC), China valued at USD 79.0 million for upgrading the Bab Onshore Field in Abu Dhabi. This contract includes the fully integrated ABB Electrical, Control and Telecommunication (ECT) solution as well as centralized automation system which is expected to reduce the operation cost of the oilfield by 10 – 15%.
  • In September 2018, Moog and MHD Rockland signed an agreement to co-manage the distribution for P-3 Orion. This strategy involves worldwide customer support to sustain and extend the overall operational life of P-3 Orion community aircraft.

Key Questions addressed by the report

  • How will the drivers, challenges, and future opportunities for the actuators market affect its dynamics and the subsequent market analysis of the associated trends?
  • What are the key sustainability strategies adopted by leading players operating in the actuators market?
  • What are the new emerging technologies and use cases disrupting the industry?
  • When are the high growth niche segments expected to impact in changing the revenue mix of companies?
  • Who are the key players and innovators in the partnership ecosystem?
  • How is the competitive landscape changing in the client ecosystem and impacting their revenue share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 25)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 29)
    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 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Definition & Scope
           2.3.1 Segments and Subsegments
           2.3.2 Segment Definitions
                    2.3.2.1 Actuator Market, By Actuation
                    2.3.2.2 Actuator Market, By Type
                    2.3.2.3 Actuator Market, By Application
                    2.3.2.4 Actuator Market, By Vertical
    2.4 Research Approach & Methodology
           2.4.1 Bottom-Up Approach
           2.4.2 Regional Actuator Market
           2.4.3 General Approach for the Actuator Market
           2.4.4 Actuator Market, By Actuation
           2.4.5 Actuator Market, By Type
           2.4.6 Actuator Market, By Application
           2.4.7 Actuator Market, By Vertical
           2.4.8 Top-Down Approach
    2.5 Data Triangulation & Validation
           2.5.1 Data Triangulation Through Secondary Research
           2.5.2 Data Triangulation Through Primaries
    2.6 Research Assumptions
           2.6.1 Market Sizing
           2.6.2 Market Forecasting
    2.7 Risks
    2.8 Others
           2.8.1 Limitations/Gray Areas

3 Executive Summary (Page No. - 42)

4 Premium Insights (Page No. - 45)
    4.1 Attractive Opportunities in Actuator Market
    4.2 Actuator Market, By Actuation
    4.3 Actuator Market, By Type
    4.4 Actuator Market, By Region

5 Market Overview (Page No. - 47)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Ongoing Technological Advancements in Actuators
                    5.2.1.2 Increasing Number of Air Passengers and New Aircraft Deliveries
                    5.2.1.3 Growing Investments to Carry Out Process Automation in End-Use Industries of Emerging Economies
           5.2.2 Restraints
                    5.2.2.1 Continuous Upheavals in the Oil & Gas Industry and Volatility in the Price of Crude Oil
           5.2.3 Opportunities
                    5.2.3.1 Demand for New and Advanced Actuators in Different Verticals
                    5.2.3.2 Development of Smart Cities Across the Globe
           5.2.4 Challenges
                    5.2.4.1 Power Consumption, Noise, and Leakage Issues

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Evolution
    6.3 Technology Trends
           6.3.1 Amplified Piezoelectric Actuators
           6.3.2 Smart Actuators
           6.3.3 Hybrid Actuators
           6.3.4 Vacuum Actuators
           6.3.5 Explosion-Proof Actuators
           6.3.6 Voice Coil Actuators
           6.3.7 Micro-Electro-Mechanical System (MEMS) Actuators
    6.4 Safety Standards and Selection Criteria for Actuators
    6.5 Patent Analysis, 2012–2017

7 Actuators Market, By Actuation (Page No. - 59)
    7.1 Introduction
    7.2 Electrical
           7.2.1 Increased Use of Electrical Actuators in Different Industries to Boost Their Demand Across the Globe
    7.3 Hydraulic
           7.3.1 Hydraulic Actuators are Increasingly Being Used in High-Force Applications
    7.4 Pneumatic
           7.4.1 Use of Pneumatic Actuators in Food & Beverages and Oil & Gas Industries to Fuel Their Demand Across the Globe
    7.5 Others
           7.5.1 Piezoelectric Actuators to Witness an Increased Demand During the Forecast Period

8 Actuators Market, By Application (Page No. - 64)
    8.1 Introduction
    8.2 Industrial Automation
    8.3 Robotics
           8.3.1 Industrial Robots
           8.3.2 Service Robots
    8.4 Vehicles and Equipment

9 Actuators Market, By Type (Page No. - 71)
    9.1 Introduction
    9.2 Linear Actuators
           9.2.1 Rod Type Linear Actuators
                    9.2.1.1 Increasing Use of Rodless Type Linear Actuators in Aircraft Structures to Carry Loads Expected to Contribute to Their Demand
           9.2.2 Screw Type Linear Actuators
                    9.2.2.1 Growing Use of Screw Type Linear Actuators With Servomotors in Drive and Control Hardware and Sensors to Fuel Their Demand
           9.2.3 Belt Type Linear Actuators
                    9.2.3.1 Use of Belt Type Linear Actuators is Rising to Increase the Operational Efficiency of Process Automation
    9.3 Rotary Actuators
           9.3.1 Motors
                    9.3.1.1 Surging Sales of Industrial Robots to Fuel the Demand for Motor Rotary Actuators During the Forecast Period
           9.3.2 Bladder & Vane
                    9.3.2.1 Increasing Use of Bladder & Vane Rotary Actuators in Gates and Valves Used in the Process Industry to Contribute to A Rise in Their Demand
           9.3.3 Piston Type
                    9.3.3.1 Growing Use of Piston Type Rotary Actuators for Precision Control Applications in the Electronics Industry Expected to Fuel Their Demand

10 Actuators Market, By Vertical (Page No. - 77)
     10.1 Introduction
     10.2 Food & Beverages
             10.2.1 Requirement for Increased Automation and Capacity Enhancement of Existing Food & Beverages Plants Expected to Fuel Growth of Actuators Market for Food & Beverages
     10.3 Oil & Gas
             10.3.1 Increase in Oil & Gas Exploration Activities in Asia Pacific to Drive Growth of Actuators Market for Oil & Gas
     10.4 Metals, Mining, and Machinery
             10.4.1 Requirement for Robust Actuators in Mining Industry to Drive Growth of Actuators Market for Metals, Mining, and Machinery
     10.5 Power Generation
             10.5.1 Increased Spending on Renewable Sources of Energy for Power Generation is Expected to Increase Demand for Actuators Across the Globe
     10.6 Chemicals, Paper, and Plastics
             10.6.1 Rapid Industrialization and Stringent Implementation of Environmental Regulations are Driving Growth of Actuators Market for Chemicals, Paper, and Plastics
     10.7 Pharmaceutical & Healthcare
             10.7.1 Stringent Regulations for Hygiene and Increased Demand for Surgical Robots in Healthcare Industry Contributing to Growth of Actuators Market for Pharmaceutical & Healthcare
     10.8 Automotive
             10.8.1 Increased Demand for Industrial Robots in Automotive Sector to Drive Growth of Actuators Market for Automotive
     10.9 Aerospace & Defense
             10.9.1 Rise in Defense Expenditures, Increase in Commercial Aviation, and Increase in Number of Military Modernization Programs Fueling Growth of Actuators Market for Aerospace & Defense
     10.10 Marine
             10.10.1 Increased Demand for Actuators for Commercial Shipbuilding Contributing to Growth of Actuators Market for Marine
     10.11 Electronics & Electrical
             10.11.1 Continuously Increasing Demand for Batteries, Chips, and Displays Leading to Growth of Actuators Market for Electronics & Electrical
     10.12 Construction
             10.12.1 Increased Demand for Electrical Linear Actuators in Construction Industry for Lifting and Material Handling Applications to Fuel Growth of Actuators Market for Construction
     10.13 Utilities
             10.13.1 Increased Demand for Logistics, Agriculture, and Field Robots Driving Growth of Actuators Market for Utilities
     10.14 Household & Entertainment
             10.14.1 Increased Demand for Service Robots in Domestic Applications Leading to Growth of Actuators Market for Household & Entertainment
     10.15 Agriculture
             10.15.1 Growing Adoption of Mechanization and Increasing Government Support Leading to Growth of Actuators Market for Agriculture

11 Actuators Market, By Valves (Page No. - 93)
     11.1 Introduction
     11.2 Globe Valves
     11.3 Ball Valves
     11.4 Butterfly Valves
     11.5 Safety Valves
     11.6 Plug Valves
     11.7 Others

12 Actuator Adjacent Market - Industrial Valve Market (Page No. - 97)
     12.1 By Material
             12.1.1 Introduction
             12.1.2 Stainless Steel
             12.1.3 Cast Iron
             12.1.4 Cryogenic
             12.1.5 Alloy Based
             12.1.6 Others
                        12.1.6.1 Brass
                        12.1.6.2 Bronze
                        12.1.6.3 Plastic
     12.2 By Valve Type
             12.2.1 Introduction
             12.2.2 Ball Valves
             12.2.3 Butterfly Valves
             12.2.4 Check Valves
             12.2.5 Diaphragm Valves
             12.2.6 Gate Valves
                        12.2.6.1 Standard Plate Gate Valves
                        12.2.6.2 Wedge Gate Valves
                        12.2.6.3 Knife Gate Valves
             12.2.7 Globe Valves
             12.2.8 Plug Valves
             12.2.9 Safety Valves
     12.3 By Size
             12.3.1 Introduction
             12.3.2 Up to 1”
             12.3.3 1–6”
             12.3.4 6–25”
             12.3.5 25–50”
             12.3.6 50” and Larger
     12.4 By Industry
             12.4.1 Introduction
             12.4.2 Oil & Gas
             12.4.3 Water & Wastewater Treatment
             12.4.4 Energy & Power
             12.4.5 Chemicals
             12.4.6 Food & Beverages
             12.4.7 Pharmaceuticals
             12.4.8 Construction
             12.4.9 Agriculture
             12.4.10 Pulp & Paper
             12.4.11 Metals & Mining
             12.4.12 Others

13 Regional Analysis (Page No. - 160)
     13.1 Introduction
     13.2 North America
             13.2.1 US
             13.2.2 Canada
             13.2.3 Mexico
     13.3 Europe
             13.3.1 Germany
             13.3.2 France
             13.3.3 UK
             13.3.4 Italy
             13.3.5 Switzerland
             13.3.6 Rest of Europe
     13.4 Asia Pacific
             13.4.1 China
             13.4.2 Japan
             13.4.3 India
             13.4.4 South Korea
             13.4.5 Taiwan
             13.4.6 Rest of Asia Pacific
     13.5 Rest of the World (RoW)
             13.5.1 Middle East
             13.5.2 Latin America
             13.5.3 Africa

14 Competitive Landscape and Customer Analysis (Page No. - 197)
     14.1 Introduction
     14.2 OEM Competitive Leadership Mapping
             14.2.1 Visionary Leaders
             14.2.2 Innovators
             14.2.3 Dynamic Differentiators
             14.2.4 Emerging Companies
     14.3 Ranking of Key Players, 2018
     14.4 Competitive Scenario
             14.4.1 New Product Launches
             14.4.2 Acquisitions
             14.4.3 Contracts
             14.4.4 Partnerships/Collaborations

15 Customer Analysis (Page No. - 209)
     15.1 Objectives
     15.2 Introduction
             15.2.1 Fourth Industrial Revolution (Industry 4.0)
             15.2.2 Consumer Buying Process
             15.2.3 Prominent Companies:
             15.2.4 Small and Medium Enterprises:
     15.3 Customer Actuator Selection Criteria
     15.4 Testing
             15.4.1 Selection Criteria
             15.4.2 Problems Related to the Actuators/Actuation Systems Faced By Customers in the Testing Industry
     15.5 Food & Beverage Industry
             15.5.1 Selection Criteria
             15.5.2 Major Problems Related to Actuator/Actuation Systems Faced By Customers in F&B Industry
             15.5.3 Application Areas of Actuators Being Used in F&B Industry
             15.5.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.5.5 The Major Actuator/ Actuation System Buyers in F&B Industry
             15.5.6 Major Actuator Suppliers for F&B Industry
     15.6 Chemical Industry
             15.6.1 Selection Criteria
             15.6.2 Application Areas Wherein Actuators are Being Used in Chemical Industry
             15.6.3 Problems Related to Actuators/Actuation Systems Faced By Customers in Chemical Industry
             15.6.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.6.5 Major Actuator/Actuation System Buyers in Chemical Industry
             15.6.6 Major Actuator Suppliers for This Industry
     15.7 Metals and Mining Industry
             15.7.1 Selection Criteria
             15.7.2 Application Areas Where Actuators are Being Used in Metals & Mining Industry
             15.7.3 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.7.4 Major Actuator/Actuation System Buyers in Metals & Mining Industry
             15.7.5 Which Companies are the Major Actuator Suppliers for This Industry?
     15.8 Manufacturing & Construction Industry
             15.8.1 Selection Criteria
             15.8.2 Major Problems Related to Actuators/Actuation Systems Faced By Customers in Manufacturing & Construction Industry
             15.8.3 What are the Different Application Areas Wherein Actuators are Being Used in Manufacturing & Construction Industry?
             15.8.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.8.5 Major Actuator/Actuation System Buyers in Manufacturing & Construction Industry
             15.8.6 Major Actuator Suppliers for Manufacturing & Construction Industry
     15.9 Pharmaceutical and Health Care
             15.9.1 Selection Criteria
             15.9.2 Actuators/Actuation Systems Faced By the Customers in Pharmaceuticals Industry
             15.9.3 Application Areas Wherein Actuators are Being Used in Pharmaceuticals Industry
             15.9.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.9.5 The Major Actuator/System Buyers in Pharmaceuticals Industry
             15.9.6 Major Actuator Suppliers for Pharmaceuticals Industry
     15.10 Pulp and Paper Industry
             15.10.1 Selection Criteria
             15.10.2 Major Problems Related to Actuators/Actuation Systems Faced By Customers in Pulp & Paper Industry
             15.10.3 Different Application Areas Where Actuators are Being Used in Pulp & Paper Industry
             15.10.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.10.5 Major Actuator/Actuation System Buyers in Pulp & Paper Industry
             15.10.6 Major Actuator Suppliers for Pulp & Paper Industry?
     15.11 Water Treatment
             15.11.1 Selection Criteria
             15.11.2 Major Problems Related to Actuators/Actuation Systems Faced By Customers Water Treatment Industry
             15.11.3 Applications, Wherein Actuators are Used in Water Treatment Industry
             15.11.4 Factors Affecting the Demand for Actuators in This Industry in the Next 3 to 5 Years
             15.11.5 Which Companies are Major Buyers of Actuators/Actuation Systems in Water Treatment Industry?
             15.11.6 Companies are the Major Actuator Suppliers for Water Treatment Industry
     15.12 Oil & Gas
             15.12.1 Selection Criteria
             15.12.2 Application Areas for Actuators in the Oil & Gas Industry
             15.12.3 Major Problems Related to Actuators/Actuation Systems Faced By the Customers in Oil & Gas Industry
             15.12.4 Actuators in the Next Three to Five Years
             15.12.5 Major Suppliers of Actuators for the Oil & Gas Industry.
             15.12.6 Major Certifications Required for Actuators for the Oil & Gas Industry.
             15.12.7 Major Actuator Buyers in the Oil & Gas Industry.
     15.13 Aerospace
             15.13.1 Selection Criteria
             15.13.2 Major Problems Related to Actuator/Actuation Systems Faced By the Customers in Aerospace Industry
             15.13.3 Application Areas Where Actuators are Being Used in Aerospace Industry
             15.13.4 Different Application Areas Within Flight Controls Where Actuators are Used
             15.13.5 Application Areas Within Flight Controls Where Linear Actuators are Used
             15.13.6 Changing Actuator Requirements in Furture
             15.13.7 Major Suppliers of Linear Actuators for the Aerospace Industry
             15.13.8 Major Buyers of Linear Actuators in the Aerospace Industry
     15.14 Defense
             15.14.1 Selection Criteria
             15.14.2 Advantages of Actuators in Defense
             15.14.3 Problems Related to the Actuators/Actuation Systems Faced By Customers in the Defense Industry
             15.14.4 Major Suppliers of Linear Actuators in the Defense Industry
     15.15 Power Generation
             15.15.1 Selection Criteria
             15.15.2 Applications for Which Actuators are Used.
             15.15.3 Application Areas for Actuators in the Power Generation Industry
             15.15.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years?
             15.15.5 Customer Expectations for Actuators and Related Systems Suppliers Regarding Maintenance and Support
             15.15.6 6major Suppliers of Linear Actuators for the Power Generation Industry
             15.15.7 Major Buyers of Linear Actuators in the Power Generation Industry
     15.16 Automotive Industry
             15.16.1 Selection Criteria
             15.16.2 Application Areas for Actuators in the Automotive Industry
             15.16.3 Problems Related to Actuators/Actuation Systems Faced By the Customers in This Industry
             15.16.4 Important Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             15.16.5 Major Suppliers of Linear Actuators for the Automotive Industry

16 Company Profiles (Page No. - 254)
     16.1 Introduction
     16.2 Rockwell Automation
             16.2.1 Business Overview
             16.2.2 Products/Services/Solutions Offered
             16.2.3 Recent Developments
             16.2.4 SWOT Analysis
             16.2.5 MnM View
     16.3 Moog
             16.3.1 Business Overview
             16.3.2 Products/Services/Solutions Offered
             16.3.3 Recent Developments
             16.3.4 SWOT Analysis
             16.3.5 MnM View
     16.4 SMC
             16.4.1 Business Overview
             16.4.2 Products/Services/Solutions Offered
             16.4.3 Recent Developments
             16.4.4 SWOT Analysis
             16.4.5 MnM View
     16.5 Curtis Wright (Exlar)
             16.5.1 Business Overview
             16.5.2 Products/Services/Solutions Offered
             16.5.3 Recent Developments
             16.5.4 SWOT Analysis
             16.5.5 MnM View
     16.6 ABB
             16.6.1 Business Overview
             16.6.2 Products/Services/Solutions Offered
             16.6.3 Recent Developments
             16.6.4 SWOT Analysis
             16.6.5 MnM View
     16.7 IMI PLC
             16.7.1 Business Overview
             16.7.2 Products/Services/Solutions Offered
             16.7.3 Recent Developments
             16.7.4 SWOT Analysis
             16.7.5 MnM View
     16.8 Altra Industrial Motion
             16.8.1 Business Overview
             16.8.2 Products/Services/Solutions Offered
             16.8.3 Recent Developments
             16.8.4 SWOT Analysis
             16.8.5 MnM View
     16.9 Tolomatic
             16.9.1 Business Overview
             16.9.2 Products/Services/Solutions Offered
             16.9.3 Recent Developments
             16.9.4 MnM View
     16.10 Venture Mfg. Co.
             16.10.1 Business Overview
             16.10.2 Products/Services/Solutions Offered
     16.11 IAI
             16.11.1 Business Overview
             16.11.2 Products/Services/Solutions Offered
     16.12 SKF
             16.12.1 Business Overview
             16.12.2 Products/Services/Solutions Offered
             16.12.3 Recent Developments
             16.12.4 SWOT Analysis
             16.12.5 MnM View
     16.13 Harmonic Drive LLC
             16.13.1 Business Overview
             16.13.2 Products/Services/Solutions Offered
             16.13.3 Recent Developments
     16.14 Nook Industries, Inc.
             16.14.1 Business Overview
             16.14.2 Products/Services/Solutions Offered
             16.14.3 Recent Developments
     16.15 Kollmorgen
             16.15.1 Business Overview
             16.15.2 Products/Services/Solutions Offered
             16.15.3 Recent Developments
     16.16 Misumi Group Inc.
             16.16.1 Business Overview
             16.16.2 Products/Services/Solutions Offered
             16.16.3 Recent Developments
             16.16.4 SWOT Analysis
             16.16.5 MnM View
     16.17 DVG Automation
             16.17.1 Business Overview
             16.17.2 Products/Services/Solutions Offered
     16.18 Macron Dynamics
             16.18.1 Business Overview
             16.18.2 Products/Services/Solutions Offered
             16.18.3 Recent Developments
     16.19 Rotomation
             16.19.1 Business Overview
             16.19.2 Products/Services/Solutions Offered
     16.20 Cedrat Technologies
             16.20.1 Business Overview
             16.20.2 Products/Services/Solutions Offered
             16.20.3 Recent Developments
     16.21 Kinitics Automation
             16.21.1 Business Overview
             16.21.2 Products/Services/Solutions Offered
             16.21.3 Recent Developments
     16.22 Festo
             16.22.1 Business Overview
             16.22.2 Products/Services/Solutions Offered
             16.22.3 Recent Developments

17 Appendix (Page No. - 306)
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.3 Available Customizations
     17.4 Related Reports
     17.5 Author Details


List of Tables (216 Tables)

Table 1 Actuator Market, By Actuation, 2017–2024 (USD Billion)
Table 2 Electrical Actuator Market, By Region, 2017–2024 (USD Billion)
Table 3 Hydraulic Actuator Market, By Region, 2017–2024 (USD Billion)
Table 4 Pneumatic Actuator Market, By Region, 2017–2024 (USD Billion)
Table 5 Other Actuator Market, By Region, 2017–2024 (USD Billion)
Table 6 Actuator Market, By Application, 2017–2024 (USD Billion)
Table 7 Actuator Market in Industrial Automation, By Region, 2017–2024 (USD Billion)
Table 8 Actuator Market in Industrial Automation, By Vertical, 2017–2024 (USD Million)
Table 9 Actuator Market in Robotics, By Region, 2017–2024 (USD Billion)
Table 10 Actuator Market in Robotics, By End Use, 2017–2024 (USD Billion)
Table 11 Actuator Market in Robotics, By Vertical, 2017–2024 (USD Million)
Table 12 Actuator Market in Vehicles and Equipment, By Region, 2017–2024 (USD Billion)
Table 13 Actuator Market in Vehicles and Equipment, By Vertical, 2017–2024 (USD Million)
Table 14 Actuator Market, By Type, 2017–2024 (USD Billion)
Table 15 Linear Actuator Market, By Region, 2017–2024 (USD Billion)
Table 16 Linear Actuator Market, By Type, 2017–2024 (USD Billion)
Table 17 Rotary Actuator Market, By Region, 2017–2024 (USD Billion)
Table 18 Rotary Actuator Market, By Type, 2017–2024 (USD Billion)
Table 19 Actuator Market, By Vertical, 2017–2024 (USD Billion)
Table 20 Actuator Market for Food & Beverages, By Region, 2017–2024 (USD Million)
Table 21 Actuator Market for Food & Beverages, By Application, 2017–2024 (USD Billion)
Table 22 Actuator Market for Oil & Gas, By Region, 2017–2024 (USD Million)
Table 23 Actuator Market for Oil & Gas, By Application, 2017–2024 (USD Million)
Table 24 Actuator Market for Metals, Mining, and Machinery, By Region, 2017–2024 (USD Million)
Table 25 Actuator Market for Metals, Mining, and Machinery, By Application, 2017–2024 (USD Million)
Table 26 Actuator Market for Power Generation, By Region, 2017–2024 (USD Million)
Table 27 Actuator Market for Power Generation, By Application, 2017–2024 (USD Million)
Table 28 Actuator Market for Chemicals, Paper, and Plastics, By Region, 2017–2024 (USD Million)
Table 29 Actuator Market for Chemicals, Paper, and Plastics, By Application, 2017–2024 (USD Million)
Table 30 Actuator Market for Pharmaceutical & Healthcare, By Region, 2017–2024 (USD Million)
Table 31 Actuator Market for Pharmaceutical & Healthcare, By Application, 2017–2024 (USD Million)
Table 32 Actuator Market for Automotive, By Region, 2017–2024 (USD Million)
Table 33 Actuator Market for Automotive, By Application, 2017–2024 (USD Million)
Table 34 Actuator Market for Aerospace & Defense, By Region, 2017–2024 (USD Million)
Table 35 Actuator Market for Aerospace & Defense, By Application, 2017–2024 (USD Million)
Table 36 Actuator Market for Marine, By Region, 2017–2024 (USD Million)
Table 37 Actuator Market for Marine, By Application, 2017–2024 (USD Million)
Table 38 Actuator Market for Electronics & Electrical, By Region, 2017–2024 (USD Million)
Table 39 Actuator Market for Electronics & Electrical, By Application, 2017–2024 (USD Million)
Table 40 Actuator Market for Construction, By Region, 2017–2024 (USD Million)
Table 41 Actuator Market for Construction, By Application, 2017–2024 (USD Million)
Table 42 Actuator Market for Utilities, By Region, 2017–2024 (USD Million)
Table 43 Actuator Market for Utilities, By Application, 2017–2024 (USD Million)
Table 44 Actuator Market for Household & Entertainment, By Region, 2017–2024 (USD Million)
Table 45 Actuator Market for Household & Entertainment, By Application, 2017–2024 (USD Million)
Table 46 Actuator Market for Agriculture, By Region, 2017–2024 (USD Million)
Table 47 Actuator Market, By Valve Type, 2017–2024 (USD Billion)
Table 48 Globe Valves Market, By Region, 2017–2024 (USD Billion)
Table 49 Ball Valves Market, By Region, 2017–2024 (USD Million)
Table 50 Butterfly Valves Market, By Region,2017–2024 (USD Billion)
Table 51 Safety Valves Market, By Region,, 2017–2024 (USD Billion)
Table 52 Plug Valves Market, By Region,, 2017–2024 (USD Million)
Table 53 Others Valves Market, By Region, 2017–2024 (USD Billion)
Table 54 Industrial Valve Market, By Material, 2015–2023 (USD Billion)
Table 55 Steel Valve Market, By Valve Type, 2015–2023 (USD Billion)
Table 56 Cast Iron Valve Market, By Valve Type, 2015–2023 (USD Billion)
Table 57 Cryogenic Valve Market, By Valve Type, 2015–2023 (USD Billion)
Table 58 Alloy-Based Valve Market, By Valve Type, 2015–2023 (USD Billion)
Table 59 Other Valve Market, By Valve Type, 2015–2023 (USD Billion)
Table 60 Industrial Valve Market, By Valve Type, 2015–2023 (USD Billion)
Table 61 Industrial Ball Valve Market, By Industry, 2015–2023 (USD Billion)
Table 62 Industrial Butterfly Valve Market, By Industry, 2015–2023 (USD Billion)
Table 63 Industrial Check Valve Market, By Industry, 2015–2023 (USD Billion)
Table 64 Industrial Diaphragm Valve Market, By Industry, 2015–2023 (USD Million)
Table 65 Industrial Gate Valve Market, By Industry, 2015–2023 (USD Billion)
Table 66 Industrial Globe Valve Market, By Industry, 2015–2023 (USD Billion)
Table 67 Industrial Plug Valve Market, Byindustry, 2015–2023 (USD Billion)
Table 68 Industrial Safety Valve Market, By Industry, 2015–2023 (USD Billion)
Table 69 Industrial Valve Market, By Valve Size , 2015–2023 (USD Billion)
Table 70 Industrial Valve Market, By Industry, 2015–2023 (USD Billion)
Table 71 Industrial Valve Market in Oil & Gas Industry, By Region, 2015–2023 (USD Billion)
Table 72 Industrial Valve Market in North America for Oil & Gas Industry, By Country, 2015–2023 (USD Billion)
Table 73 Industrial Valve Market in Europe for Oil & Gas Industry, By Country, 2015–2023 (USD Million)
Table 74 Industrial Valve Market in APAC for Oil & Gas Industry, By Country, 2015–2023 (USD Billion)
Table 75 Industrial Valve Market in RoW for Oil & Gas Industry, By Region, 2015–2023 (USD Billion)
Table 76 Industrial Valve Market in Water & Wastewater Treatment Industry, By Region, 2015–2023 (USD Billion)
Table 77 Industrial Valve Market in North America for Water & Wastewater Treatment Industry, By Country, 2015–2023 (USD Billion)
Table 78 Industrial Valve Market in Europe for Water & Wastewater Treatment Industry, By Country, 2015–2023 (USD Billion)
Table 79 Industrial Valve Market in APAC for Water & Wastewater Treatment Industry, By Country, 2015–2023 (USD Billion)
Table 80 Industrial Valve Market in RoW for Water & Wastewater Treatment Industry, By Region, 2015–2023 (USD Million)
Table 81 Industrial Valve Market for Energy & Power Industry, By Region, 2015–2023 (USD Billion)
Table 82 Industrial Valve Market in North America for Energy & Power Industry, By Country, 2015–2023 (USD Billion)
Table 83 Industrial Valve Market in Europe for Energy & Power Industry, By Country, 2015–2023 (USD Million)
Table 84 Industrial Valve Market in APAC for Energy & Power Industry, By Country, 2015–2023 (USD Billion)
Table 85 Industrial Valve Market in RoW for Energy & Power Industry, By Region, 2015–2023 (USD Million)
Table 86 Industrial Valve Market for Chemicals Industry, By Region, 2015–2023 (USD Billion)
Table 87 Industrial Valve Market in North America for Chemicals Industry, By Country, 2015–2023 (USD Billion)
Table 88 Industrial Valve Market in Europe for Chemicals Industry, By Country, 2015–2023 (USD Billion)
Table 89 Industrial Valve Market in APAC for Chemicals Industry, By Country, 2015–2023 (USD Billion)
Table 90 Industrial Valve Market in RoW for Chemicals Industry, By Region, 2015–2023 (USD Million)
Table 91 Industrial Valve Market in Food & Beverages Industry, By Region, 2015–2023 (USD Billion)
Table 92 Industrial Valve Market in North America for Food & Beverages Industry, By Country, 2015–2023 (USD Million)
Table 93 Industrial Valve Market in Europe for Food & Beverages Industry, By Country, 2015–2023 (USD Million)
Table 94 Industrial Valve Market in APAC for Food & Beverages Industry, By Country, 2015–2023 (USD Million)
Table 95 Industrial Valve Market in RoW for Food & Beverages Industry, By Region, 2015–2023 (USD Million)
Table 96 Industrial Valve Market in Pharmaceuticals Industry, By Region, 2015–2023 (USD Million)
Table 97 Industrial Valve Market in North America for Pharmaceuticals Industry, By Country, 2015–2023 (USD Million)
Table 98 Industrial Valve Market in Europe for Pharmaceuticals Industry, By Country, 2015–2023 (USD Million)
Table 99 Industrial Valve Market in APAC for Pharmaceuticals Industry, By Country, 2015–2023 (USD Billion)
Table 100 Industrial Valve Market in RoW for Pharmaceuticals Industry, By Region, 2015–2023 (USD Million)
Table 101 Industrial Valve Market in Construction Industry, By Region, 2015–2023 (USD Billion)
Table 102 Industrial Valve Market in North America for Construction Industry, By Country, 2015–2023 (USD Million)
Table 103 Industrial Valve Market in Europe for Construction Industry, By Country, 2015–2023 (USD Million)
Table 104 Industrial Valve Market in APAC for Construction Industry, By Country, 2015–2023 (USD Million)
Table 105 Industrial Valve Market in RoW for Construction Industry, By Region, 2015–2023 (USD Million)
Table 106 Industrial Valve Market in Agriculture Industry, By Region, 2015–2023 (USD Billion)
Table 107 Industrial Valve Market in North America for Agriculture Industry, By Country, 2015–2023 (USD Million)
Table 108 Industrial Valve Market in Europe for Agriculture Industry, By Country, 2015–2023 (USD Million)
Table 109 Industrial Valve Market in APAC for Agriculture Industry, By Country, 2015–2023 (USD Million)
Table 110 Industrial Valve Market in RoW for Agriculture Industry, By Region, 2015–2023 (USD Million)
Table 111 Industrial Valve Market in Pulp & Paper Industry, By Region, 2015–2023 (USD Million)
Table 112 Industrial Valve Market in North America for Pulp & Paper Industry, By Country, 2015–2023 (USD Million)
Table 113 Industrial Valve Market in Europe for Pulp & Paper Industry, By Country, 2015–2023 (USD Million)
Table 114 Industrial Valve Market in RoW for Pulp & Paper Industry, By Region, 2015–2023 (USD Million)
Table 115 Industrial Valve Market in RoW for Pulp & Paper Industry, By Region, 2015–2023 (USD Million)
Table 116 Industrial Valve Market for Metals & Mining Industry, By Region, 2015–2023 (USD Billion)
Table 117 Industrial Valve Market in North America for Metals & Mining Industry, By Country, 2015–2023 (USD Million)
Table 118 Industrial Valve Market in Europe for Metals & Mining Industry, By Country, 2015–2023 (USD Million)
Table 119 Industrial Valve Market in APAC for Metals & Mining Industry, By Country, 2015–2023 (USD Million)
Table 120 Industrial Valve Market in RoW for Metals & Mining Industry, By Region, 2015–2023 (USD Billion)
Table 121 Industrial Valve Market for Other Industries, By Region, 2015–2023 (USD Million)
Table 122 Industrial Valve Market in North America for Other Industries, By Country, 2015–2023 (USD Million)
Table 123 Industrial Valve Market in Europe for Other Industries, By Country, 2015–2023 (USD Million)
Table 124 Industrial Valve Market in APAC for Other Industries, By Country, 2015–2023 (USD Million)
Table 125 Industrial Valve Market in RoW for Other Industries, By Region, 2015–2023 (USD Million)
Table 126 Actuator Market, By Region, 2017–2024 (USD Billion )
Table 127 North America Actuator Market, By Type, 2017–2024 (USD Million)
Table 128 North America Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 129 North America Actuator Market, By Application, 2017–2024 (USD Million)
Table 130 North America Actuator Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 131 North America Actuator Market, By Application, By Robotics, 2017–2024 (USD Million)
Table 132 North America Actuator Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 133 North America Actuator Market, By Vertical, 2017–2024 (USD Million)
Table 134 North America Actuator Market, By Country, 2017–2024 (USD Billion )
Table 135 US Actuator Market, By Type, 2017–2024 (USD Million)
Table 136 US Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 137 US Actuator Market, By Application, 2017–2024 (USD Million)
Table 138 Canada Actuator Market, By Type, 2017–2024 (USD Million)
Table 139 Canada Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 140 Canada Actuator Market, By Application, 2017–2024 (USD Million)
Table 141 Mexico Actuator Market, By Type, 2017–2024 (USD Million)
Table 142 Mexico Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 143 Mexico Actuator Market, By Application, 2017–2024 (USD Million)
Table 144 Europe Actuator Market, By Type, 2017–2024 (USD Million)
Table 145 Europe Actuator Market, By Actuation, 2017–2024 (USD Million )
Table 146 Europe Actuator Market, By Application, 2017–2024 (USD Million)
Table 147 Europe Actuator Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 148 Europe Actuator Market, By Application, By Robotics , 2017–2024 (USD Million)
Table 149 Europe Actuator Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 150 Europe Actuator Market, By Vertical, 2017–2024 (USD Miillion)
Table 151 Europe Actuator Market, By Country, 2017–2024 (USD Billion )
Table 152 Germany Actuator Market, By Type, 2017–2024 (USD Million)
Table 153 Germany Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 154 Germany Actuator Market, By Application, 2017–2024 (USD Million)
Table 155 France Actuator Market, By Type, 2017–2024 (USD Million)
Table 156 France Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 157 France Actuator Market, By Application, 2017–2024 (USD Million)
Table 158 UK Actuator Market, By Type, 2017–2024 (USD Million)
Table 159 UK Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 160 UK Actuator Market, By Application, 2017–2024 (USD Million)
Table 161 Italy Actuator Market, By Type, 2017–2024 (USD Million)
Table 162 Italy Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 163 Italy Actuator Market, By Application, 2017–2024 (USD Million)
Table 164 Switzerland Actuator Market, By Type, 2017–2024 (USD Million)
Table 165 Switzerland Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 166 Switzerland Actuator Market, By Application, 2017–2024 (USD Million)
Table 167 Rest of Europe Actuator Market, By Type, 2017–2024 (USD Million)
Table 168 Rest of Europe Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 169 Rest of Europe Actuator Market, By Application, 2017–2024 (USD Million)
Table 170 Asia Pacific Actuator Market, By Type, 2017–2024 (USD Million)
Table 171 Asia Pacific Actuator Market, By Actuation, 2017–2024 (USD Miillion)
Table 172 Asia Pacific Actuator Market, By Application, 2017–2024 (USD Million)
Table 173 Asia Pacific Actuator Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 174 Asia Pacific Actuator Market, By Application, By Robotics , 2017–2024 (USD Million)
Table 175 Asia Pacific Actuator Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 176 Asia Pacific Actuator Market, By Vertical, 2017–2024 (USD Million)
Table 177 Asia Pacific Actuator Market, By Country, 2017–2024 (USD Billion )
Table 178 China Actuator Market, By Type, 2017–2024 (USD Million)
Table 179 China Actuator Market, By Actuation, 2017–2024 (USD Million )
Table 180 China Actuator Market, By Application, 2017–2024 (USD Million)
Table 181 Japan Actuator Market, By Type, 2017–2024 (USD Million)
Table 182 Japan Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 183 Japan Actuator Market, By Application, 2017–2024 (USD Million)
Table 184 India Actuator Market, By Type, 2017–2024 (USD Million)
Table 185 India Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 186 India Actuator Market, By Application, 2017–2024 (USD Million)
Table 187 South Korea Actuator Market, By Type, 2017–2024 (USD Million)
Table 188 South Korea Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 189 South Korea Actuator Market, By Application, 2017–2024 (USD Million)
Table 190 Taiwan Actuator Market, By Type, 2017–2024 (USD Miillion)
Table 191 Taiwan Actuator Market, By Actuation, 2017–2024 (USD Million)
Table 192 Taiwan Actuator Market, By Application, 2017–2024 (USD Million)
Table 193 Rest of Asia Pacific Actuators Market, By Type, 2017–2024 (USD Million )
Table 194 Rest of Asia Pacific Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 195 Rest of Asia Pacific Actuators Market, By Application, 2017–2024 (USD Million )
Table 196 RoW Actuators Market, By Type, 2017–2024 (USD Million )
Table 197 RoW Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 198 RoW Actuators Market, By Application, 2017–2024 (USD Million )
Table 199 RoW Actuators Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 200 RoW Actuators Market, By Application, By Robotics , 2017–2024 (USD Million)
Table 201 RoW Actuators Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 202 RoW Actuators Market, By Vertical, 2017–2024 (USD Million )
Table 203 RoW Actuators Market, By Region, 2017–2024 (USD Million )
Table 204 Middle East Actuators Market, By Type, 2017–2024 (USD Million )
Table 205 Middle East Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 206 Middle East Actuators Market, By Application, 2017–2024 (USD Million )
Table 207 Latin America Actuators Market, By Type, 2017–2024 (USD Million )
Table 208 Latin America Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 209 Latin America Actuators Market, By Application, 2017–2024 (USD Million )
Table 210 Africa Actuators Market, By Type, 2017–2024 (USD Million )
Table 211 Africa Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 212 Africa Actuators Market, By Application, 2017–2024 (USD Million )
Table 213 New Product Launches, January 2016–December 2018
Table 214 Acquisitions, January 2016–December 2018
Table 215 Contracts, January 2016–December 2018
Table 216 Partnerships/Collaborations, January 2016–December 2018


List of Figures (67 Figures)

Figure 1 Actuators Market Segmentation
Figure 2 Regional Scope
Figure 3 Research Industry Flow
Figure 4 Actuators Market: Research Design
Figure 5 Breakdown of Primary Interviews By Company Type, Designation, and Region
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Assumptions for the Research Study
Figure 10 Household and Entertainment Segment of Actuators Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 11 Linear Segment Projected to Lead Actuators Market From 2019 to 2024
Figure 12 Electrical Segment Projected to Lead Actuators Market From 2019 to 2024
Figure 13 Asia Pacific Region Expected to Lead Actuators Market in 2019
Figure 14 Increased Global Demand for Electrical Actuators is Expected to Fuel Growth of Actuators Market From 2019 to 2024
Figure 15 Electrical Segment of Actuators Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 16 Linear Actuator Segment is Projected to Lead Actuators Market From 2019 to 2024
Figure 17 Actuators Market in Asia Pacific is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 18 Actuators Market Dynamics
Figure 19 Price of Oil & Gas, 2011–2018 (USD/Barrel)
Figure 20 Evolution of Actuators
Figure 21 Actuators Market, By Actuation, 2019 & 2024 (USD Billion)
Figure 22 Actuators Market, By Application, 2019 & 2024 (USD Billion)
Figure 23 Actuators Market, By Type, 2019 & 2024 (USD Billion)
Figure 24 Actuators Market, By Vertical, 2019 & 2024 (USD Billion)
Figure 25 Actuators Market, By Valve Type, 2019 & 2024 (USD Billion)
Figure 26 Steel Valves to Account for Largest Size of Industrial Valve Market, Based on Materials, By 2023
Figure 27 Ball Valves to Hold Largest Size of Industrial Valve Market During Forecast Period
Figure 28 Top Valve Performance and Size Selection Preferences
Figure 29 Industrial Valves Ranging From 1” to 6” to Account for the Largest Share During the Forecast Period
Figure 30 Oil & Gas Industry to Account for Largest Size of Industrial Valve Market, Based on Industry, By 2023
Figure 31 Oil Production and Consumption Trend, 2000–2016
Figure 32 Gas Production and Consumption Trend, 2000–2016
Figure 33 Industrial Valve Applications in Oil & Gas Industry
Figure 34 Industrial Valve Applications in Water & Wastewater Treatment Plants
Figure 35 Comparative Primary Energy Consumption Over Past 13 Years
Figure 36 Industrial Valve Applications in Energy & Power: Combined Cycle Power Plant
Figure 37 Industrial Valve Applications in Chemical Plants
Figure 38 Industrial Valve Applications in Food & Beverages Industry
Figure 39 Industrial Valve Applications in Construction
Figure 40 Asia Pacific Estimated to Account for the Largest Share of Actuators Market in 2019
Figure 41 North America Actuators Market Snapshot
Figure 42 Europe Actuators Market Snapshot
Figure 43 Asia Pacific Actuators Market Snapshot
Figure 44 RoW Actuators Market Snapshot
Figure 45 Key Developments By Leading Players in Actuators Market Between January 2016 and December 2018
Figure 46 OEM Competitive Leadership Mapping in Actuators Market in 2019
Figure 47 Start-Up Competitive Leadership Mapping in Actuators Market in 2019
Figure 48 Market Ranking of Top Players in Actuators Market, 2018
Figure 49 Supply Chain: Direct Distribution By Prominent Firms is Prevalent in Actuators Market
Figure 50 Rockwell Automation: Company Snapshot
Figure 51 Rockwell Automation: SWOT Analysis
Figure 52 Moog: Company Snapshot
Figure 53 Moog: SWOT Analysis
Figure 54 SMC: Company Snapshot
Figure 55 SMC: SWOT Analysis
Figure 56 Curtis-Wright (Exlar): Company Snapshot
Figure 57 Curtiss Wright: SWOT Analysis
Figure 58 ABB: Company Snapshot
Figure 59 ABB: SWOT Analysis
Figure 60 IMI PLC: Company Snapshot
Figure 61 IMI PLC: SWOT Analysis
Figure 62 Altra Industrial Motion: Company Snapshot
Figure 63 Altra Industrial Motion: SWOT Analysis
Figure 64 SKF: Company Snapshot
Figure 65 SKF: SWOT Analysis
Figure 66 Misumi Group Inc.: Company Snapshot
Figure 67 Misumi Group Inc.: SWOT Analysis

The study considered significant activities to estimate the market size for actuators. Exhaustive secondary research was undertaken to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and actuator Journals & Magazines have been referred to identify and collect information for this study. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

The actuators market comprises several stakeholders, such as raw material suppliers, processors, and regulatory organizations in the supply chain. The demand side of this market is characterized by various end users, such as food & beverages, oil & gas, automotive, aerospace & defense, marine, and electronics & electrical industries, among others. The supply side is characterized by significant technological advancements in actuators, the actuators used in vehicles and equipment’s are also considered for the development of more efficient and reliable products with high efficiency and precision. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Actuators Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the actuators market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • Key players in the market were identified through secondary research, and their market ranking determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, and analyzed by MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the actuators industry.

Report Objectives

  • To define, segment, and project the global market size for actuators
  • To understand the structure of the actuators market by identifying the subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to the five regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze competitive developments, such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements in the actuators market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

Product Analysis

  • Market analysis of a few countries in the Middle East and Latin American regions, subject to the availability of data

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
AS 2252
Published ON
Jun, 2019
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