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 2027

Report Code: AS 2252 May, 2021, by marketsandmarkets.com

[341 Pages Report] The actuators market is projected to grow from USD 53.9 billion in 2021 to USD 86.6 billion by 2027, at a CAGR of 8.2% between 2021 and 2027. Increased demand for new and advanced actuators in different verticals and the development of smart cities across the globe are some of the growth opportunities for the actuators market.

Actuators are devices that convert energy into motion and are majorly used in moving or controlling mechanisms and systems. Actuators are operated by an external source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure, which is then converted to motion. Actuators perform two basic motions—linear and rotary motion. They are available in varying types, sizes, and power configurations, depending on the applications they are to be used in.

Actuators Market

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COVID-19 impact on the Actuators Market

The COVID-19 outbreak has triggered disruptions to global supply chains and business processes. While the pandemic did not impact the 2019 demand for valve actuators, the market projections do consider industry trends and how the COVID-19 pandemic will influence the valve actuators market in various vertical industries. Most industries utilizing actuators like agriculture, healthcare, automotive, aerospace and defense, and food and beverages were crushed negatively by the current COVID-19 pandemic outbreak. Apart from the healthcare sector, nearly all industrial sectors witnessed a downfall. Also, imposition of lockdowns and quarantine regulations internationally in India, Canada, and European nations have disturbed the normal flow of business, demand for sale or new projects, and revenue in major industries like aviation, automotive, and oil & gas. These industries normally are the prime business prospects for the actuators market.

Actuators Market Dynamics:

Driver: Rising demand of actuators in healthcare

The healthcare industry is designing and producing innovative machines that need actuators. They find usage in medical devices such as wheelchairs, lifts for patients, treatment chairs, dental chairs, beds used for medical purposes, and CT, MRI, and PT scanning instruments. The global healthcare actuators market growth is mainly credited to factors such as expanding healthcare facilities and rising elderly population. The number of hospitals is increasing in various nations like the US, India, and China. In recent times, cancer has become one of the deadliest diseases globally. The most common in 2020 in terms of new cases of cancer were breast cancer (2.26 million cases) and lung cancer (2.21 million cases). Also, the outburst of the COVID-19 pandemic in early 2020 led to huge traffic of patients into hospitals all around the world. These factors positively impact the actuators market because actuators are widely used for various purposes in healthcare. One common example is the usage of voice coil actuators and control valves in ventilators that facilitate the delivery of air to patients who cannot breathe on their own due to lung disease, surgery, or other serious illness or accidents. Also, the RT-PCR testing, which is highly effective in detecting the SARS-CoV-2 virus, employs linear actuators (simply act as a conveyer belt) for its linear motion systems and to carry out a huge volume of RT-PCR tests required during emergencies like COVID-19. The linear actuators help in loading, unloading, and movement of the samples and liquid handling process needed at key stages of the test. The linear actuators help in the process of labeling and barcoding the samples, and they can perform quicker and longer than human beings. A leading company called MecVel utilizes actuators for various applications such as linear automation systems incorporated into incubators for newborn babies and electric linear actuators used for X-ray machines etc.

Opportunity: Wide array of applications employing the use of linear actuators

Actuators have wide usage in various industries, namely, agriculture, household and entertainment, construction, electronics and electrical, marine, aerospace and defense, chemicals, paper and plastics, oil & gas, food and beverages, and healthcare. Linear actuators are an important part of day-to-day life. They are specifically used for applications such as material handling, robotics, food and beverages, window automation, cutting equipment, agricultural machinery, solar panel and valve operations, and non-industrial applications. A linear actuator modifies the rotational motion of a motor into a straight movement. Typical electric motors move in a circle, while linear actuators move back and forth. The push and pull function allow the machine to slide, tip, and lift objects with the push of a switch. Linear actuators are accountable for shifting loads from one point to another. The electromechanical version has the additional ability to stop the progress mid-stroke. Linear actuators facilitate reliable, secure, and precise mobility, primarily when operators use them in combination with sensors or other smart machinery. The combination permits workers to accomplish previously monotonous tasks with negligible manual involvement. Linear actuators make motion possible in robotics-related machinery. They allow robots to collaborate with their surroundings through wheels, clamps, arms, and legs.

Challenge: Issues of leakage in pneumatic and hydraulic actuators

Pneumatic actuators transform energy generated from compressed air into mechanical movement. The installation of pneumatic actuators is considerably tiresome work, and the maintenance cost of these actuators is high. Pneumatic actuators are a combination of various systems that include compressors, air filters, lube tubes, dryers, and regulators. The negligence or lack of maintenance of these systems can lead to problems like excessive noise and air leaks.

In the case of hydraulic actuators, the hydraulic fluid is pumped by employing a reservoir, which transforms energy into mechanical motion. Hydraulic actuators have several advantages over pneumatic actuators in the generation of force and control of processes. However, the probability of fluid leakages, risk of fire, and spoiling of actuation systems due to erosion caused by fluid leakages pose as a major threat. Thus, leakage issues, coupled with the high noise caused by operating pneumatic and hydraulic actuators, are expected to hinder the market growth prospects during the forecast period.

Actuators Market Ecosystem

Prominent companies providing actuators, private and small enterprises, distributors/suppliers/retailers, and end customers are the key stakeholders in the actuators market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries also serve as major influencers in the market.

Actuators Market Ecosystem

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Based on type, the linear actuator segment accounts for the largest market size during the forecast period

The growth of this segment can be attributed to their increased use in packaging machines, medical equipment, production machinery, transportation, and aerospace & defense industries.

Based on the vertical, the automotive segment is projected to lead the market during the forecast period.

Actuators are not only used in major functional systems of an automobile but also in the bodywork and the interior of an automobile. Thus driving the demand for actuators in the automotive vertical.

Based on the actuation, the electrical segment is projected to lead the market during the forecast period.

Electrical actuators provide increased control and acceleration at high speeds. The force for applying thrust can be programmed without the requirement for compressed air and the related infrastructure, and the total energy consumption in these actuators is low.

Based on application, the vehicles and equipment segment accounts for the largest market size during the forecast period

The vehicles and equipment segment covers actuators used in automotive, aircraft, ships, and defense vehicles for motion control. These can be hydraulic, pneumatic, electrical, or mechanical actuators. Actuators are widely used in various functional systems of an automobile, aircraft, ships as well as in defense vehicles.

“Asia Pacific is projected to grow at the highest CAGR during the forecast period.”

The Asia Pacific region is estimated to account for a share of 48.2% of the actuators market in 2021. The actuators market in this region has been studied for Japan, China, India, South Korea, Taiwan, and the Rest of Asia Pacific. Industries in the Asia Pacific region are continuously upgrading their capabilities and as such, require machinery equipped with new and advanced actuators. Countries such as China and Japan are primarily investing in robotics and automation to gain a tactical edge in the field of robotics and process automation. This provides an excellent growth opportunity for the manufacturers of actuators in the Asia Pacific region.

Actuators Market by Region

Key Market Players

ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtis Wright (Exlar) (US), and MISUMI (Japan) are some of the leading players operating in the actuators market.

Scope of the Report

Report Metric

Details

Market size available for years

2017-2027

Base year considered

2021

Forecast period

2021-2027

Forecast units

Value (USD)

Segments covered

By actuation, application, type, and vertical

Geographies covered

North America, Asia Pacific, Europe, and the Rest of the World (the Middle East, Latin America, and Africa).

Companies covered

Emerson Electric (US), ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtis Wright Corporation (US), and MISUMI (Japan), among others.

This research report categorizes the Actuators Market based on industry, forecasting type, purpose, organization size, and region.

Actuators Market, By Actuation

  • Electrical
  • Pneumatic
  • Hydraulic
  • Others

Actuators Market, By Application

  • Industrial automation
  • Robotics
  • Vehicles and Equipment

Actuators Market, By Type

  • Linear Actuator
  • Rotary Actuator

Actuators Market, By Vertical

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

Actuators Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW (Latin America, Africa, and Middle East)

Recent Developments

  • In February 2020, Emerson introduced the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator. Designed specifically for burner-boiler applications, the new products offer OEMs, distributors, contractors, and end-users a new combustion safety shut-off valve option that increases safety and reliability and enhances both, flow and control.
  • In October 2019, Parker Hannifin Corporation completed its acquisition of LORD Corporation – a leading manufacturer of advanced adhesives and coatings as well as vibration and motion control technologies – for approximately USD 3.675 billion in cash.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 40)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 MARKETS COVERED
                    FIGURE 1 ACTUATORS MARKET SEGMENTATION
           1.2.2 REGIONAL SCOPE
           1.2.3 YEARS CONSIDERED FOR THE STUDY
    1.3 CURRENCY
           1.3.1 USD EXCHANGE RATES
    1.4 LIMITATIONS
    1.5 INCLUSIONS & EXCLUSIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH INDUSTRY FLOW
           FIGURE 3 ACTUATORS MARKET: RESEARCH DESIGN
           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 primary insights
                    2.1.2.3 Breakdown of primaries
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
                    2.2.2.1 Increasing demand from healthcare industry
                    2.2.2.2 Rising demand in robotics
           2.2.3 SUPPLY-SIDE ANALYSIS
                    2.2.3.1 Advancements in actuators
    2.3 MARKET SIZE ESTIMATION
    2.4 MARKET DEFINITION & SCOPE
           2.4.1 SEGMENTS AND SUBSEGMENTS
           2.4.2 SEGMENT DEFINITIONS
                    2.4.2.1 Actuators market, by actuation
                    2.4.2.2 Actuators market, by type
                    2.4.2.3 Actuators market, by application
                    2.4.2.4 Actuators market, by vertical
    2.5 RESEARCH APPROACH & METHODOLOGY
           2.5.1 BOTTOM-UP APPROACH
           2.5.2 REGIONAL ACTUATORS MARKET
           2.5.3 GENERAL APPROACH FOR ACTUATORS MARKET
           2.5.4 ACTUATORS MARKET, BY ACTUATION
           2.5.5 ACTUATORS MARKET, BY TYPE
           2.5.6 ACTUATORS MARKET, BY APPLICATION
           2.5.7 ACTUATORS MARKET, BY VERTICAL
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.5.8 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.6 DATA TRIANGULATION & VALIDATION
           2.6.1 DATA TRIANGULATION THROUGH SECONDARY RESEARCH
           2.6.2 DATA TRIANGULATION THROUGH PRIMARIES
                    FIGURE 7 DATA TRIANGULATION
    2.7 RESEARCH ASSUMPTIONS
           2.7.1 MARKET SIZING
           2.7.2 MARKET GROWTH FORECASTING
                    FIGURE 8 ASSUMPTIONS FOR THE RESEARCH STUDY
    2.8 RISKS
    2.9 OTHERS
           2.9.1 LIMITATIONS/GRAY AREAS

3 EXECUTIVE SUMMARY (Page No. - 60)
    FIGURE 9 ELECTRONICS AND ELECTRICAL SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR
    FIGURE 10 LINEAR SEGMENT PROJECTED TO LEAD ACTUATORS MARKET DURING FORECAST PERIOD
    FIGURE 11 ELECTRIC SEGMENT PROJECTED TO LEAD ACTUATORS MARKET DURING THE FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC REGION EXPECTED TO LEAD ACTUATORS MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 63)
    4.1 ATTRACTIVE OPPORTUNITIES IN ACTUATORS MARKET
           FIGURE 13 INCREASED GLOBAL DEMAND FOR ELECTRIC ACTUATORS IS EXPECTED TO DRIVE THE MARKET
    4.2 ACTUATORS MARKET, BY ACTUATION
           FIGURE 14 ELECTRIC SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2027
    4.3 ACTUATORS MARKET, BY TYPE
           FIGURE 15 LINEAR ACTUATOR SEGMENT PROJECTED TO LEAD ACTUATORS MARKET FROM 2021 TO 2027
    4.4 ACTUATORS MARKET, BY REGION
           FIGURE 16 ASIA PACIFIC ACTUATOR MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand from automotive industry
                    5.2.1.2 Rapid industrialization and utilization of robotics
                               FIGURE 18 GROWTH EXPECTATION IN ROBOTICS AND AUTOMATION ACROSS INDUSTRIES
                    5.2.1.3 Rising demand from healthcare
                    5.2.1.4 Revival of space travel
           5.2.2 RESTRAINTS
                    5.2.2.1 Low oil prices and economic slowdown
                               FIGURE 19 PRICE OF OIL & GAS, 2011–2018 (USD/BARREL)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Wide array of applications employing linear actuators
                    5.2.3.2 Growth of luxury, electric, and driverless cars
                    5.2.3.3 Increased spending on renewable sources of energy for power generation
           5.2.4 CHALLENGES
                    5.2.4.1 Issues of leakage in pneumatic and hydraulic actuators
                    5.2.4.2 Pandemic and its effect on actuator market
    5.3 IMPACT OF COVID-19 ON ACTUATOR MARKET
           FIGURE 20 IMPACT OF COVID-19 ON ACTUATOR MARKET
    5.4 OPERATIONAL DATA
           TABLE 1 NEW COMMERCIAL AIRPLANES DELIVERIES, BY REGION, 2019-2038
           TABLE 2 ORDERS AS PER SHIPBUILDER’S ASSOCIATION OF JAPAN, MARCH 2021
           TABLE 3 TABLE COMPLETION OF ORDERS AS PER SHIPBUILDER’S ASSOCIATION OF JAPAN, MARCH 2021
    5.5 RANGES AND SCENARIOS
           FIGURE 21 IMPACT OF COVID-19 ON ACTUATOR MARKET: 3 GLOBAL SCENARIOS
    5.6 MARKET ECOSYSTEM FOR ACTUATORS
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 APPLICATIONS
                    FIGURE 22 MARKET ECOSYSTEM MAP: ACTUATOR
    5.7 VALUE CHAIN ANALYSIS
           FIGURE 23 VALUE CHAIN ANALYSIS
    5.8 AVERAGE SELLING PRICE OF ACTUATORS
           TABLE 4 AVERAGE SELLING PRICE OF ACTUATORS AND ITS COMPONENTS FOR THE YEAR 2020-2021
    5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
           5.9.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ACTUATOR MANUFACTURERS
                    FIGURE 24 REVENUE IMPACT IN ACTUATOR MARKET
    5.10 PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 ACTUATOR MARKET: PORTER’S FIVE FORCES
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 THREAT OF SUBSTITUTES
           5.10.3 BARGAINING POWERS OF SUPPLIERS
           5.10.4 BARGAINING POWERS OF BUYERS
           5.10.5 DEGREE OF COMPETITION
    5.11 USE CASE ANALYSIS: ACTUATORS
           5.11.1 LIFT ASSIST TECHNOLOGY TO ELIMINATE WORKPLACE RELATED INJURIES
           5.11.2 USAGE OF ACTUATORS IN HOME DΙCOR APPLICATIONS
    5.12 TRADE ANALYSIS
                    TABLE 6 COUNTRY-WISE EXPORTS, HYDRAULIC POWER ENGINES AND MOTORS (A TYPE OF ACTUATOR) LINEAR ACTING “CYLINDERS, " 2019-2020 (USD THOUSAND)
                    TABLE 7 COUNTRY-WISE IMPORTS, HYDRAULIC POWER ENGINES AND MOTORS (A TYPE OF ACTUATOR) LINEAR ACTING “CYLINDERS, "2019-2020 (USD THOUSAND)
    5.13 TARIFF AND REGULATORY LANDSCAPE

6 INDUSTRY TRENDS (Page No. - 85)
    6.1 INTRODUCTION
    6.2 TECHNOLOGY TRENDS
           6.2.1 SMART ACTUATORS
           6.2.2 HYBRID ACTUATORS
           6.2.3 MEMS-ELECTROTHERMAL ACTUATORS
           6.2.4 AMPLIFIED PIEZOELECTRIC ACTUATOR
    6.3 TECHNOLOGY ANALYSIS
           6.3.1 ARTIFICIAL MUSCLE ACTUATOR
           6.3.2 SMART ACTUATORS FOR INDUSTRY 4.0
    6.4 IMPACT OF MEGATRENDS
           6.4.1 AUTOMATIC DOOR ACTUATOR
           6.4.2 ACTUATORS IN UNMANNED SYSTEMS, AIRCRAFT, AND SPACECRAFT
    6.5 INNOVATIONS & PATENT REGISTRATIONS
           TABLE 8 INNOVATIONS & PATENT REGISTRATIONS, 2014–2019

7 ACTUATORS MARKET, BY ACTUATION (Page No. - 91)
    7.1 INTRODUCTION
           FIGURE 25 ELECTRIC SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
           TABLE 9 ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD BILLION)
           TABLE 10 ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD BILLION)
    7.2 ELECTRIC
           7.2.1 INCREASED USE OF ELECTRICAL ACTUATORS IN DIFFERENT INDUSTRIES TO DRIVE DEMAND
                    TABLE 11 ELECTRIC ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 12 ELECTRIC ACTUATORS MARKET, BY REGION, 2021–2027 (USD BILLION)
    7.3 HYDRAULIC
           7.3.1 USE IN HIGH-FORCE APPLICATIONS TO DRIVE DEMAND
                    TABLE 13 HYDRAULIC ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 14 HYDRAULIC ACTUATORS MARKET, BY REGION, 2021–2027 (USD BILLION)
    7.4 PNEUMATIC
           7.4.1 USE IN F&B AND OIL & GAS INDUSTRIES TO DRIVE DEMAND
                    TABLE 15 PNEUMATIC ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 16 PNEUMATIC ACTUATORS MARKET, BY REGION, 2021–2027 (USD BILLION)
    7.5 OTHERS
           7.5.1 RECENT DEVELOPMENTS IN THERMAL, PIEZOELECTRIC, AND HYBRID ACTUATORS TO DRIVE DEMAND
                    TABLE 17 OTHERS ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 18 OTHERS ACTUATORS MARKET, BY REGION, 2021–2027 (USD BILLION)

8 ACTUATORS MARKET, BY APPLICATION (Page No. - 98)
    8.1 INTRODUCTION
           FIGURE 26 ACTUATORS MARKET, BY APPLICATION, 2021 & 2027 (USD BILLION)
           TABLE 19 ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD BILLION)
           TABLE 20 ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD BILLION)
    8.2 INDUSTRIAL AUTOMATION
           TABLE 21 ACTUATORS MARKET IN INDUSTRIAL AUTOMATION, BY REGION, 2017–2020 (USD BILLION)
           TABLE 22 ACTUATORS MARKET IN INDUSTRIAL AUTOMATION, BY REGION, 2021–2027 (USD BILLION)
           TABLE 23 ACTUATORS MARKET IN INDUSTRIAL AUTOMATION, BY VERTICAL, 2017–2020(USD MILLION)
           TABLE 24 ACTUATORS MARKET IN INDUSTRIAL AUTOMATION, BY VERTICAL, 2021–2027 (USD BILLION)
    8.3 ROBOTICS
           TABLE 25 ACTUATORS MARKET IN ROBOTICS, BY REGION, 2017–2020 (USD BILLION)
           TABLE 26 ACTUATORS MARKET IN ROBOTICS, BY REGION, 2021–2027 (USD BILLION)
           TABLE 27 ACTUATORS MARKET IN ROBOTICS, BY VERTICAL, 2017–2020(USD BILLION)
           TABLE 28 ACTUATORS MARKET IN ROBOTICS, BY VERTICAL, 2021–2027 (USD BILLION)
           TABLE 29 ACTUATORS MARKET IN ROBOTICS, BY ROBOT TYPE, 2017–2020 (USD BILLION)
           TABLE 30 ACTUATORS MARKET IN ROBOTICS, BY ROBOT TYPE, 2021–2027 (USD BILLION)
           8.3.1 INDUSTRIAL ROBOTS
                    TABLE 31 ROBOTICS ACTUATORS MARKET IN INDUSTRIAL ROBOTS, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 32 ROBOTICS ACTUATORS MARKET IN INDUSTRIAL ROBOTS, BY VERTICAL, 2021–2027 (USD MILLION)
           8.3.2 SERVICE ROBOTS
                    TABLE 33 ROBOTICS ACTUATORS MARKET IN SERVICE ROBOTS, BY VERTICAL, 2017–2020 (USD BILLION)
                    TABLE 34 ROBOTICS ACTUATORS MARKET IN SERVICE ROBOTS, BY VERTICAL, 2021–2027 (USD BILLION)
    8.4 VEHICLES AND EQUIPMENT
           TABLE 35 ACTUATORS MARKET IN VEHICLES AND EQUIPMENT, BY REGION, 2017–2020 (USD BILLION)
           TABLE 36 ACTUATORS MARKET IN VEHICLES AND EQUIPMENT, BY REGION, 2021–2027 (USD BILLION)
           TABLE 37 ACTUATORS MARKET IN VEHICLES AND EQUIPMENT, BY VERTICAL, 2017–2020 (USD BILLION)
           TABLE 38 ACTUATORS MARKET IN VEHICLES AND EQUIPMENT, BY VERTICAL, 2021–2027 (USD BILLION)

9 ACTUATORS MARKET, BY TYPE (Page No. - 109)
    9.1 INTRODUCTION
           FIGURE 27 ACTUATORS MARKET, BY TYPE, 2021 & 2027 (USD BILLION)
           TABLE 39 ACTUATORS MARKET, BY TYPE, 2017–2020 (USD BILLION)
           TABLE 40 ACTUATORS MARKET, BY TYPE, 2021–2027 (USD BILLION)
    9.2 LINEAR ACTUATORS
           9.2.1 ROD TYPE
                    9.2.1.1 Increasing use of rod-less type linear actuators in aircraft structures to drive demand
           9.2.2 SCREW TYPE
                    9.2.2.1 Growing use with servomotors in drive and control hardware to fuel demand
           9.2.3 BELT TYPE
                    9.2.3.1 Rising usage to increase operational efficiency of process automation to drive demand
                               TABLE 41 LINEAR ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
                               TABLE 42 LINEAR ACTUATORS MARKET, BY REGION, 2021–2027 (USD BILLION)
                               TABLE 43 LINEAR ACTUATORS MARKET, BY TYPE, 2017–2020 (USD BILLION)
                               TABLE 44 LINEAR ACTUATORS MARKET, BY TYPE, 2021–2027 (USD BILLION)
    9.3 ROTARY ACTUATORS
           9.3.1 MOTORS
                    9.3.1.1 Surging sales of industrial robots to drive demand
           9.3.2 BLADDER & VANE
                    9.3.2.1 Increasing use in gates and valves in process industry to drive demand
           9.3.3 PISTON TYPE
                    9.3.3.1 Growing use for precision control applications in electronics industry to drive demand
                               TABLE 45 ROTARY ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
                               TABLE 46 ROTARY ACTUATORS MARKET, BY REGION, 2021–2027 (USD BILLION)
                               TABLE 47 ROTARY ACTUATORS MARKET, BY TYPE, 2017–2020 (USD BILLION)
                               TABLE 48 ROTARY ACTUATORS MARKET, BY TYPE, 2021–2027 (USD BILLION)

10 ACTUATORS MARKET, BY VERTICAL (Page No. - 116)
     10.1 INTRODUCTION
             10.1.1 IMPACT OF COVID-19 ON VERTICALS
                       10.1.1.1 Most impacted vertical
                       10.1.1.2 Least impacted vertical
                                   FIGURE 28 ACTUATORS MARKET, BY VERTICAL, 2021 & 2027 (USD BILLION)
                                   TABLE 49 ACTUATORS MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 50 ACTUATORS MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 51 ACTUATORS VOLUME, BY VERTICAL, 2017–2020 (MILLION)
                                   TABLE 52 ACTUATORS VOLUME, BY VERTICAL, 2021–2027 (MILLION)
     10.2 FOOD & BEVERAGES
             10.2.1 REQUIREMENT FOR INCREASED AUTOMATION AND CAPACITY ENHANCEMENT TO DRIVE THE SEGMENT
                       TABLE 53 ACTUATORS MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 54 ACTUATORS MARKET FOR FOOD & BEVERAGES, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 55 ACTUATORS MARKET FOR FOOD & BEVERAGES, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 56 ACTUATORS MARKET FOR FOOD & BEVERAGES, BY APPLICATION, 2021–2027 (USD MILLION)
     10.3 OIL & GAS
             10.3.1 INCREASE IN OIL & GAS EXPLORATION ACTIVITIES IN ASIA PACIFIC TO DRIVE THE SEGMENT
                       TABLE 57 ACTUATORS MARKET OIL & GAS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 58 ACTUATORS MARKET FOR OIL & GAS, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 59 ACTUATORS MARKET FOR OIL & GAS, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 60 ACTUATORS MARKET FOR OIL & GAS, BY APPLICATION, 2021–2027 (USD MILLION)
     10.4 METALS, MINING, AND MACHINERY
             10.4.1 REQUIREMENT FOR ROBUST ACTUATORS IN MINING INDUSTRY TO DRIVE THE SEGMENT
                       TABLE 61 ACTUATORS MARKET METALS, MINING, AND MACHINERY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 62 ACTUATORS MARKET FOR METALS, MINING, AND MACHINERY, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 63 ACTUATORS MARKET FOR METALS, MINING, AND MACHINERY, BY APPLICATION, 2017–2020(USD MILLION)
                       TABLE 64 ACTUATORS MARKET FOR METALS, MINING, AND MACHINERY, BY APPLICATION, 2021–2027 (USD MILLION)
     10.5 POWER GENERATION
             10.5.1 INCREASED SPENDING ON RENEWABLE SOURCES TO DRIVE THE SEGMENT
                       TABLE 65 ACTUATORS MARKET FOR POWER GENERATION, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 66 ACTUATORS MARKET FOR POWER GENERATION, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 67 ACTUATORS MARKET FOR POWER GENERATION, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 68 ACTUATORS MARKET FOR POWER GENERATION, BY APPLICATION, 2021–2027 (USD MILLION)
     10.6 CHEMICALS, PAPER, AND PLASTICS
             10.6.1 RAPID INDUSTRIALIZATION AND STRINGENT IMPLEMENTATION OF ENVIRONMENTAL REGULATIONS TO DRIVE THE SEGMENT
                       TABLE 69 ACTUATORS MARKET FOR CHEMICALS, PAPER, AND PLASTICS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 70 ACTUATORS MARKET FOR CHEMICALS, PAPER, AND PLASTICS, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 71 ACTUATORS MARKET FOR CHEMICALS, PAPER, AND PLASTICS, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 72 ACTUATORS MARKET FOR CHEMICALS, PAPER, AND PLASTICS, BY APPLICATION, 2021–2027 (USD MILLION)
     10.7 PHARMACEUTICAL & HEALTHCARE
             10.7.1 STRINGENT REGULATIONS FOR HYGIENE AND INCREASED DEMAND FOR SURGICAL ROBOTS TO DRIVE THE SEGMENT
                       TABLE 73 ACTUATORS MARKET FOR PHARMACEUTICAL & HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 74 ACTUATORS MARKET FOR PHARMACEUTICAL & HEALTHCARE, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 75 ACTUATORS MARKET FOR PHARMACEUTICAL & HEALTHCARE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 76 ACTUATORS MARKET FOR PHARMACEUTICAL & HEALTHCARE, BY APPLICATION, 2021–2027 (USD MILLION)
     10.8 AUTOMOTIVE
             10.8.1 INCREASED DEMAND FOR INDUSTRIAL ROBOTS IN AUTOMOTIVE TO DRIVE THE SEGMENT
                       TABLE 77 ACTUATORS MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD BILLION)
                       TABLE 78 ACTUATORS MARKET FOR AUTOMOTIVE, BY REGION, 2021–2027 (USD BILLION)
                       TABLE 79 ACTUATORS MARKET FOR AUTOMOTIVE, BY APPLICATION, 2017–2020 (USD BILLION)
                       TABLE 80 ACTUATORS MARKET FOR AUTOMOTIVE, BY APPLICATION, 2021–2027 (USD BILLION)
     10.9 AEROSPACE & DEFENSE
             10.9.1 RISE IN DEFENSE EXPENDITURES, COMMERCIAL AVIATION, AND MILITARY MODERNIZATION PROGRAMS TO DRIVE THE SEGMENT
                       TABLE 81 ACTUATORS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 82 ACTUATORS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 83 ACTUATORS MARKET FOR AEROSPACE & DEFENSE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 84 ACTUATORS MARKET FOR AEROSPACE & DEFENSE, BY APPLICATION, 2021–2027 (USD MILLION)
     10.10 MARINE
               10.10.1 INCREASED USAGE IN COMMERCIAL SHIPBUILDING TO DRIVE THE SEGMENT
                                   TABLE 85 ACTUATORS MARKET FOR MARINE, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 86 ACTUATORS MARKET FOR MARINE, BY REGION, 2021–2027 (USD MILLION)
                                   TABLE 87 ACTUATORS MARKET FOR MARINE, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 88 ACTUATORS MARKET FOR MARINE, BY APPLICATION, 2021–2027 (USD MILLION)
     10.11 ELECTRONICS & ELECTRICAL
               10.11.1 GROWING DEMAND FOR BATTERIES, CHIPS, AND DISPLAYS TO DRIVE THE SEGMENT
                                   TABLE 89 ACTUATORS MARKET FOR ELECTRONICS & ELECTRICAL, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 90 ACTUATORS MARKET FOR ELECTRONICS & ELECTRICAL, BY REGION, 2021–2027 (USD MILLION)
                                   TABLE 91 ACTUATORS MARKET FOR ELECTRONICS & ELECTRICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 92 ACTUATORS MARKET FOR ELECTRONICS & ELECTRICAL, BY APPLICATION, 2021–2027 (USD MILLION)
     10.12 CONSTRUCTION
               10.12.1 INCREASED DEMAND FOR ELECTRICAL LINEAR ACTUATORS IN LIFTING AND MATERIAL HANDLING APPLICATIONS TO DRIVE THE SEGMENT
                                   TABLE 93 ACTUATORS MARKET FOR CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 94 ACTUATORS MARKET FOR CONSTRUCTION, BY REGION, 2021–2027 (USD MILLION)
                                   TABLE 95 ACTUATORS MARKET FOR CONSTRUCTION, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 96 ACTUATORS MARKET FOR CONSTRUCTION, BY APPLICATION, 2021–2027 (USD MILLION)
     10.13 UTILITIES
               10.13.1 INCREASED DEMAND FOR LOGISTICS, AGRICULTURE, AND FIELD ROBOTS TO DRIVE THE SEGMENT
                                   TABLE 97 ACTUATORS MARKET FOR UTILITIES, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 98 ACTUATORS MARKET FOR UTILITIES, BY REGION, 2021–2027 (USD MILLION)
                                   TABLE 99 ACTUATORS MARKET FOR UTILITIES, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 100 ACTUATORS MARKET FOR UTILITIES, BY APPLICATION, 2021–2027 (USD MILLION)
     10.14 HOUSEHOLD & ENTERTAINMENT
               10.14.1 INCREASED DEMAND FOR SERVICE ROBOTS IN DOMESTIC APPLICATIONS TO DRIVE THE DEMAND
                                   TABLE 101 ACTUATORS MARKET FOR HOUSEHOLD & ENTERTAINMENT, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 102 ACTUATORS MARKET FOR HOUSEHOLD & ENTERTAINMENT, BY REGION, 2021–2027 (USD MILLION)
                                   TABLE 103 ACTUATORS MARKET FOR HOUSEHOLD & ENTERTAINMENT, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 104 ACTUATORS MARKET FOR HOUSEHOLD & ENTERTAINMENT, BY APPLICATION, 2021–2027 (USD MILLION)
     10.15 AGRICULTURE
               10.15.1 GROWING ADOPTION OF MECHANIZATION AND INCREASING GOVERNMENT SUPPORT TO DRIVE THE SEGMENT
                                   TABLE 105 ACTUATORS MARKET FOR AGRICULTURE, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 106 ACTUATORS MARKET FOR AGRICULTURE, BY REGION, 2021–2027 (USD MILLION)

11 REGIONAL ANALYSIS (Page No. - 140)
     11.1 INTRODUCTION
     11.2 GLOBAL SCENARIOS OF ACTUATORS MARKET
               FIGURE 29 GLOBAL SCENARIOS OF ACTUATORS MARKET
               FIGURE 30 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF ACTUATORS MARKET IN 2021
               TABLE 107 ACTUATORS MARKET, BY REGION, 2017–2020 (USD BILLION)
               TABLE 108 ACTUATORS MARKET, BY REGION, 2017–2027 (USD BILLION)
     11.3 NORTH AMERICA
             11.3.1 COVID-19 RESTRICTIONS IN NORTH AMERICA
             11.3.2 PESTLE ANALYSIS: NORTH AMERICA
                       FIGURE 31 NORTH AMERICA ACTUATORS MARKET SNAPSHOT
                       TABLE 109 NORTH AMERICA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 110 NORTH AMERICA ACTUATORS MARKET, BY TYPE, 2021–2027 (USD BILLION)
                       TABLE 111 NORTH AMERICA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 112 NORTH AMERICA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 113 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 114 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                       TABLE 115 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2017–2020 (USD MILLION)
                       TABLE 116 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2021–2027 (USD MILLION)
                       TABLE 117 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2017–2020 (USD MILLION)
                       TABLE 118 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2021–2027 (USD MILLION)
                       TABLE 119 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2017–2020 (USD MILLION)
                       TABLE 120 NORTH AMERICA ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2021–2027 (USD MILLION)
                       TABLE 121 NORTH AMERICA ACTUATORS MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 122 NORTH AMERICA ACTUATORS MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
                       TABLE 123 NORTH AMERICA ACTUATORS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 124 NORTH AMERICA ACTUATORS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             11.3.3 US
                       11.3.3.1 Increase adoption of Industry 4.0 to drive the market
                                   TABLE 125 US ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 126 US ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 127 US ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 128 US ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 129 US ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 130 US ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.3.4 CANADA
                       11.3.4.1 Increasing demand for linear actuators to drive the market
                                   TABLE 131 CANADA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 132 CANADA ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 133 CANADA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 134 CANADA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 135 CANADA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 136 CANADA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.3.5 MEXICO
                       11.3.5.1 Increasing demand from oil and gas industry to drive the market
                                   TABLE 137 MEXICO ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 138 MEXICO ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 139 MEXICO ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 140 MEXICO ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 141 MEXICO ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 142 MEXICO ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     11.4 EUROPE
             11.4.1 COVID-19 RESTRICTONS IN EUROPE
             11.4.2 PESTLE ANALYSIS: EUROPE
                       FIGURE 32 EUROPE ACTUATORS MARKET SNAPSHOT
                       TABLE 143 EUROPE ACTUATORS MARKET, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 144 EUROPE ACTUATORS MARKET, BY TYPE, 2021–2027 (USD BILLION)
                       TABLE 145 EUROPE ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 146 EUROPE ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 147 EUROPE ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD BILLION)
                       TABLE 148 EUROPE ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD BILLION)
                       TABLE 149 EUROPE ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2017–2020 (USD MILLION)
                       TABLE 150 EUROPE ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2021–2027 (USD MILLION)
                       TABLE 151 EUROPE ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2017–2020 (USD MILLION)
                       TABLE 152 EUROPE ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2021–2027 (USD MILLION)
                       TABLE 153 EUROPE ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2017–2020 (USD MILLION)
                       TABLE 154 EUROPE ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2021–2027 (USD MILLION)
                       TABLE 155 EUROPE ACTUATORS MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 156 EUROPE ACTUATORS MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
                       TABLE 157 EUROPE ACTUATORS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 158 EUROPE ACTUATORS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             11.4.3 GERMANY
                       11.4.3.1 Presence of thriving automobile and manufacturing industries to drive the market
                                   TABLE 159 GERMANY ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 160 GERMANY ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 161 GERMANY ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 162 GERMANY ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 163 GERMANY ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 164 GERMANY ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.4.4 FRANCE
                       11.4.4.1 Presence of major aerospace and defense manufacturers to drive the market
                                   TABLE 165 FRANCE ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 166 FRANCE ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 167 FRANCE ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 168 FRANCE ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 169 FRANCE ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 170 FRANCE ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.4.5 UK
                       11.4.5.1 Increasing demand from oil & gas industry to drive the market
                                   TABLE 171 UK ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 172 UK ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 173 UK ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 174 UK ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 175 UK ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 176 UK ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.4.6 ITALY
                       11.4.6.1 Presence of major automobile and food & beverages manufacturers to drive the market
                                   TABLE 177 ITALY ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 178 ITALY ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 179 ITALY ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 180 ITALY ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 181 ITALY ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 182 ITALY ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.4.7 SWITZERLAND
                       11.4.7.1 Increasing demand from pharma industry to drive the market
                                   TABLE 183 SWITZERLAND ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 184 SWITZERLAND ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 185 SWITZERLAND ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 186 SWITZERLAND ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 187 SWITZERLAND ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 188 SWITZERLAND ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.4.8 REST OF EUROPE
                       TABLE 189 REST OF EUROPE ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 190 REST OF EUROPE ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                       TABLE 191 REST OF EUROPE ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 192 REST OF EUROPE ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 193 REST OF EUROPE ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 194 REST OF EUROPE ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     11.5 ASIA PACIFIC
             11.5.1 COVID-19 RESTRICTONS IN ASIA PACIFIC
             11.5.2 PESTLE ANALYSIS: ASIA PACIFIC
                       FIGURE 33 ASIA PACIFIC ACTUATORS MARKET SNAPSHOT
                       TABLE 195 ASIA PACIFIC ACTUATORS MARKET, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 196 ASIA PACIFIC ACTUATORS MARKET, BY TYPE, 2021–2027(USD BILLION)
                       TABLE 197 ASIA PACIFIC ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 198 ASIA PACIFIC ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 199 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD BILLION)
                       TABLE 200 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD BILLION)
                       TABLE 201 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2017–2020 (USD MILLION)
                       TABLE 202 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2021–2027 (USD MILLION)
                       TABLE 203 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2017–2020 (USD MILLION)
                       TABLE 204 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2021–2027 (USD MILLION)
                       TABLE 205 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2017–2020 (USD MILLION)
                       TABLE 206 ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2021–2027 (USD MILLION)
                       TABLE 207 ASIA PACIFIC ACTUATORS MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 208 ASIA PACIFIC ACTUATORS MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
                       TABLE 209 ASIA PACIFIC ACTUATORS MARKET, BY COUNTRY, 2017–2020 (USD BILLION)
                       TABLE 210 ASIA PACIFIC ACTUATORS MARKET, BY COUNTRY, 2021–2027(USD BILLION)
             11.5.3 CHINA
                       11.5.3.1 Presence of all major industries to drive the market
                                   TABLE 211 CHINA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 212 CHINA ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 213 CHINA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 214 CHINA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 215 CHINA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 216 CHINA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.5.4 JAPAN
                       11.5.4.1 Increasing demand across major industries to drive the market
                                   TABLE 217 JAPAN ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 218 JAPAN ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 219 JAPAN ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 220 JAPAN ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 221 JAPAN ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 222 JAPAN ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.5.5 INDIA
                       11.5.5.1 Presence of flourishing steel and textile industries to drive the market
                                   TABLE 223 INDIA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 224 INDIA ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 225 INDIA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 226 INDIA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 227 INDIA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 228 INDIA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.5.6 SOUTH KOREA
                       11.5.6.1 Presence of major automotive and electronics manufacturers to drive the market
                                   TABLE 229 SOUTH KOREA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 230 SOUTH KOREA ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 231 SOUTH KOREA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 232 SOUTH KOREA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 233 SOUTH KOREA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 234 SOUTH KOREA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.5.7 TAIWAN
                       11.5.7.1 Presence of major semiconductor and electronics manufacturers to drive the market
                                   TABLE 235 TAIWAN ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 236 TAIWAN ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 237 TAIWAN ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                                   TABLE 238 TAIWAN ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                                   TABLE 239 TAIWAN ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 240 TAIWAN ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.5.8 REST OF ASIA PACIFIC
                       TABLE 241 REST OF ASIA PACIFIC ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 242 REST OF ASIA PACIFIC ACTUATORS MARKET, BY TYPE, 2021–2027 (USD MILLION)
                       TABLE 243 REST OF ASIA PACIFIC ACTUATORS MARKET, BY ACTUATION,  2017–2020 (USD MILLION)
                       TABLE 244 REST OF ASIA PACIFIC ACTUATORS MARKET, BY ACTUATION,  2021–2027 (USD MILLION)
                       TABLE 245 REST OF ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 246 REST OF ASIA PACIFIC ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     11.6 REST OF THE WORLD (ROW)
               FIGURE 34 ROW ACTUATORS MARKET SNAPSHOT
               TABLE 247 ROW ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 248 ROW ACTUATORS MARKET, BY TYPE, 2021–2027(USD MILLION)
               TABLE 249 ROW ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
               TABLE 250 ROW ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
               TABLE 251 ROW ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 252 ROW ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
               TABLE 253 ROW ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2017–2020 (USD MILLION)
               TABLE 254 ROW ACTUATORS MARKET, BY APPLICATION, BY INDUSTRIAL AUTOMATION, 2021–2027 (USD MILLION)
               TABLE 255 ROW ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2017–2020 (USD MILLION)
               TABLE 256 ROW ACTUATORS MARKET, BY APPLICATION, BY ROBOTICS, 2021–2027 (USD MILLION)
               TABLE 257 ROW ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2017–2020 (USD MILLION)
               TABLE 258 ROW ACTUATORS MARKET, BY APPLICATION, BY VEHICLES AND EQUIPMENT, 2021–2027 (USD MILLION)
               TABLE 259 ROW ACTUATORS MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 260 ROW ACTUATORS MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
               TABLE 261 ROW ACTUATORS MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 262 ROW ACTUATORS MARKET, BY REGION, 2021–2027 (USD MILLION)
             11.6.1 MIDDLE EAST
                       TABLE 263 MIDDLE EAST ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 264 MIDDLE EAST ACTUATORS MARKET, BY TYPE, 2021–2027(USD MILLION)
                       TABLE 265 MIDDLE EAST ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 266 MIDDLE EAST ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 267 MIDDLE EAST ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 268 MIDDLE EAST ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.6.2 LATIN AMERICA
                       TABLE 269 LATIN AMERICA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 270 LATIN AMERICA ACTUATORS MARKET, BY TYPE, 2021–2027(USD MILLION)
                       TABLE 271 LATIN AMERICA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 272 LATIN AMERICA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 273 LATIN AMERICA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 274 LATIN AMERICA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             11.6.3 AFRICA
                       TABLE 275 AFRICA ACTUATORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 276 AFRICA ACTUATORS MARKET, BY TYPE, 2021–2027(USD MILLION)
                       TABLE 277 AFRICA ACTUATORS MARKET, BY ACTUATION, 2017–2020 (USD MILLION)
                       TABLE 278 AFRICA ACTUATORS MARKET, BY ACTUATION, 2021–2027 (USD MILLION)
                       TABLE 279 AFRICA ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 280 AFRICA ACTUATORS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)

12 CUSTOMER ANALYSIS (Page No. - 204)
     12.1 OBJECTIVES
     12.2 INTRODUCTION
             12.2.1 FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0)
             12.2.2 CONSUMER BUYING PROCESS
             12.2.3 PROMINENT COMPANIES
             12.2.4 SMALL AND MEDIUM ENTERPRISES
                       FIGURE 35 SUPPLY CHAIN: DIRECT DISTRIBUTION BY PROMINENT FIRMS IS PREVALENT IN ACTUATORS MARKET
     12.3 CUSTOMER ACTUATOR SELECTION CRITERIA
     12.4 TESTING
             12.4.1 SELECTION CRITERIA
             12.4.2 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN TESTING INDUSTRY
             12.4.3 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN TESTING INDUSTRY
             12.4.4 MAJOR ACTUATOR SUPPLIERS FOR TESTING INDUSTRY
     12.5 FOOD & BEVERAGE INDUSTRY
             12.5.1 SELECTION CRITERIA
             12.5.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN F&B INDUSTRY
             12.5.3 APPLICATION AREAS OF ACTUATORS BEING USED IN F&B INDUSTRY
             12.5.4 FACTORS THAT WILL AFFECT DEMAND FOR ACTUATORS DURING THE NEXT 3 TO 5 YEARS
             12.5.5 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN F&B INDUSTRY
             12.5.6 MAJOR ACTUATOR SUPPLIERS FOR F&B INDUSTRY
     12.6 CHEMICAL INDUSTRY
             12.6.1 SELECTION CRITERIA
             12.6.2 APPLICATION AREAS WHEREIN ACTUATORS ARE BEING USED IN CHEMICAL INDUSTRY
             12.6.3 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN CHEMICAL INDUSTRY
             12.6.4 FACTORS THAT WILL AFFECT THE DEMAND FOR ACTUATORS DURING THE NEXT 3 TO 5 YEARS
             12.6.5 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN CHEMICAL INDUSTRY
             12.6.6 MAJOR ACTUATOR SUPPLIERS FOR THIS INDUSTRY
     12.7 METALS AND MINING INDUSTRY
             12.7.1 SELECTION CRITERIA
             12.7.2 APPLICATION AREAS WHERE ACTUATORS ARE BEING USED IN METALS & MINING INDUSTRY
             12.7.3 FACTORS THAT WILL AFFECT DEMAND FOR ACTUATORS DURING NEXT 3 TO 5 YEARS
             12.7.4 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN METALS & MINING INDUSTRY
             12.7.5 MAJOR ACTUATOR SUPPLIERS FOR METALS AND MINING INDUSTRY
     12.8 MANUFACTURING & CONSTRUCTION INDUSTRY
             12.8.1 SELECTION CRITERIA
             12.8.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN MANUFACTURING & CONSTRUCTION INDUSTRY
             12.8.3 APPLICATION AREAS WHEREIN ACTUATORS ARE BEING USED IN MANUFACTURING & CONSTRUCTION INDUSTRY
             12.8.4 FACTORS THAT WILL AFFECT DEMAND FOR ACTUATORS DURING NEXT 3 TO 5 YEARS
             12.8.5 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN MANUFACTURING & CONSTRUCTION INDUSTRY
             12.8.6 MAJOR ACTUATOR SUPPLIERS FOR MANUFACTURING & CONSTRUCTION INDUSTRY
     12.9 PHARMACEUTICAL AND HEALTH CARE
             12.9.1 SELECTION CRITERIA
             12.9.2 ACTUATOR/ACTUATION SYSTEM ISSUES FACED BY CUSTOMERS IN PHARMACEUTICAL & HEALTHCARE
             12.9.3 APPLICATION AREAS WHEREIN ACTUATORS ARE BEING USED IN PHARMACEUTICALS INDUSTRY
             12.9.4 FACTORS THAT WILL AFFECT DEMAND FOR ACTUATORS DURING THE NEXT 3 TO 5 YEARS
             12.9.5 MAJOR ACTUATOR/SYSTEM BUYERS IN PHARMACEUTICALS INDUSTRY
             12.9.6 MAJOR ACTUATOR SUPPLIERS FOR PHARMACEUTICALS INDUSTRY
     12.10 PULP AND PAPER INDUSTRY
               12.10.1 SELECTION CRITERIA
               12.10.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN PULP & PAPER INDUSTRY
               12.10.3 DIFFERENT APPLICATION AREAS WHERE ACTUATORS ARE BEING USED IN PULP & PAPER INDUSTRY
               12.10.4 FACTORS THAT WILL AFFECT DEMAND FOR ACTUATORS DURING NEXT 3 TO 5 YEARS
               12.10.5 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN PULP & PAPER INDUSTRY
               12.10.6 MAJOR ACTUATOR SUPPLIERS FOR PULP & PAPER INDUSTRY
     12.11 WATER TREATMENT
               12.11.1 SELECTION CRITERIA
               12.11.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS WATER TREATMENT INDUSTRY
               12.11.3 APPLICATIONS WHEREIN ACTUATORS ARE USED IN WATER TREATMENT INDUSTRY
               12.11.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN THIS INDUSTRY IN NEXT 3 TO 5 YEARS
               12.11.5 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN WATER TREATMENT INDUSTRY
               12.11.6 MAJOR ACTUATOR SUPPLIERS FOR WATER TREATMENT INDUSTRY
     12.12 OIL & GAS
               12.12.1 SELECTION CRITERIA
               12.12.2 APPLICATION AREAS FOR ACTUATORS IN THE OIL & GAS INDUSTRY
               12.12.3 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN OIL & GAS INDUSTRY
               12.12.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN INDUSTRY IN NEXT 3 TO 5 YEARS
               12.12.5 MAJOR CERTIFICATIONS REQUIRED FOR ACTUATORS FOR OIL & GAS INDUSTRY
               12.12.6 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN OIL & GAS INDUSTRY
               12.12.7 MAJOR ACTUATOR SUPPLIERS FOR OIL & GAS INDUSTRY
     12.13 AEROSPACE
               12.13.1 SELECTION CRITERIA
               12.13.2 MAJOR PROBLEMS RELATED TO ACTUATOR/ACTUATION SYSTEMS FACED BY CUSTOMERS IN AEROSPACE INDUSTRY
               12.13.3 APPLICATION AREAS WHERE ACTUATORS ARE BEING USED IN AEROSPACE INDUSTRY
               12.13.4 DIFFERENT APPLICATION AREAS WITHIN FLIGHT CONTROLS WHERE ACTUATORS ARE USED
               12.13.5 APPLICATION AREAS WITHIN FLIGHT CONTROLS WHERE LINEAR ACTUATORS ARE USED
               12.13.6 CHANGING ACTUATOR REQUIREMENTS IN FUTURE
               12.13.7 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN AEROSPACE INDUSTRY
               12.13.8 MAJOR ACTUATOR SUPPLIERS IN AEROSPACE INDUSTRY
     12.14 DEFENSE
               12.14.1 SELECTION CRITERIA
               12.14.2 ADVANTAGES OF ACTUATORS IN DEFENSE
               12.14.3 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN DEFENSE INDUSTRY
               12.14.4 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN POWER GENERATION INDUSTRY
               12.14.5 MAJOR ACTUATOR SUPPLIERS IN DEFENSE INDUSTRY
     12.15 POWER GENERATION
               12.15.1 SELECTION CRITERIA
               12.15.2 APPLICATIONS FOR WHICH ACTUATORS ARE USED
               12.15.3 APPLICATION AREAS FOR ACTUATORS IN POWER GENERATION INDUSTRY
               12.15.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN INDUSTRY IN NEXT 3 TO 5 YEARS
               12.15.5 CUSTOMER EXPECTATIONS FOR ACTUATORS AND RELATED SYSTEMS SUPPLIERS REGARDING MAINTENANCE AND SUPPORT
               12.15.6 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN POWER GENERATION INDUSTRY
               12.15.7 MAJOR ACTUATOR SUPPLIERS IN POWER GENERATION INDUSTRY
     12.16 AUTOMOTIVE INDUSTRY
               12.16.1 SELECTION CRITERIA
               12.16.2 APPLICATION AREAS FOR ACTUATORS IN AUTOMOTIVE INDUSTRY
               12.16.3 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN THIS INDUSTRY
               12.16.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN INDUSTRY IN NEXT 3 TO 5 YEARS
               12.16.5 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN AUTOMOTIVE INDUSTRY
               12.16.6 MAJOR ACTUATOR SUPPLIERS IN AUTOMOTIVE INDUSTRY

13 COMPETITIVE LANDSCAPE (Page No. - 249)
     13.1 INTRODUCTION
     13.2 RANKING OF LEADING PLAYERS, 2020
               FIGURE 36 MARKET RANKING OF LEADING PLAYERS IN THE ACTUATORS MARKET, 2020
     13.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2020
               FIGURE 37 MARKET SHARE ANALYSIS OF LEADING PLAYERS IN THE ACTUATORS MARKET, 2020
     13.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2019
               FIGURE 38 REVENUE ANALYSIS OF LEADING PLAYERS IN THE ACTUATORS MARKET, 2020
     13.5 COMPETITIVE OVERVIEW
               TABLE 281 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE ACTUATORS MARKET BETWEEN 2018 AND 2020
     13.6 COMPANY PRODUCT FOOTPRINT ANALYSIS
               TABLE 282 COMPANY PRODUCT FOOTPRINT
               TABLE 283 COMPANY APPLICATION FOOTPRINT
               TABLE 284 COMPANY INDUSTRY FOOTPRINT
               TABLE 285 COMPANY REGION FOOTPRINT
             13.6.1 COMPANY EVALUATION QUADRANT
                       13.6.1.1 Star
                       13.6.1.2 Emerging leader
                       13.6.1.3 Pervasive
                       13.6.1.4 Participant
                                   FIGURE 39 ACTUATORS MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
             13.6.2 ACTUATORS MARKET COMPETITIVE LEADERSHIP MAPPING (STARTUPS)
                       13.6.2.1 Progressive companies
                       13.6.2.2 Responsive companies
                       13.6.2.3 Dynamic companies
                       13.6.2.4 Starting blocks
                                   FIGURE 40 ACTUATORS MARKET (START-UPS) COMPETITIVE LEADERSHIP MAPPING, 2020
     13.7 COMPETITIVE SCENARIO
             13.7.1 PRODUCT LAUNCHES
                       TABLE 286 ACTUATORS MARKET: PRODUCT LAUNCHES, JANUARY 2018- JANUARY 2021
             13.7.2 DEALS
                       TABLE 287 ACTUATORS MARKET: DEALS, FEBRUARY 2018– DECEMBER 2020
             13.7.3 OTHERS
                       TABLE 288 ACTUATORS MARKET: EXPANSIONS, JANUARY 2018- OCTOBER 2018

14 COMPANY PROFILES (Page No. - 268)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
             14.2.1 EMERSON ELECTRIC
                       14.2.1.1 Business overview
                                   TABLE 289 EMERSON ELECTRIC: BUSINESS OVERVIEW
                                   FIGURE 41 EMERSON ELECTRIC: COMPANY SNAPSHOT
                                   TABLE 290 ACTUATORS MARKET: PRODUCT LAUNCH, FEBRUARY 2019
                                   TABLE 291 ACTUATORS MARKET: OTHERS, JANUARY 2018
             14.2.2 ROCKWELL AUTOMATION
                       TABLE 292 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
                       FIGURE 42 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                       TABLE 293 ACTUATORS MARKET: PRODUCT LAUNCH, NOVEMBER 2018
                       TABLE 294 ACTUATORS MARKET: DEALS, NOVEMBER 2017 –AUGUST 2018
             14.2.3 PARKER HANNIFIN CORPORATION
                       TABLE 295 PARKER HANNIFIN CORPORATION: BUSINESS OVERVIEW
                       FIGURE 43 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
                       TABLE 296 ACTUATORS MARKET: PRODUCT LAUNCH, JUNE 2018-MAY 2019
                       TABLE 297 ACTUATORS MARKET: DEALS, OCTOBER 2019
             14.2.4 ABB
                       TABLE 298 ABB: BUSINESS OVERVIEW
                       FIGURE 44 ABB: COMPANY SNAPSHOT
                       TABLE 299 ACTUATORS MARKET: DEALS, AUGUST 2018-NOVEMBER 2018
                       TABLE 300 ACTUATORS MARKET: OTHERS, OCTOBER 2018
             14.2.5 SMC
                       TABLE 301 SMC: BUSINESS OVERVIEW
                       FIGURE 45 SMC: COMPANY SNAPSHOT
                       TABLE 302 ACTUATORS MARKET: PRODUCT LAUNCH, MAY 2018- DECEMBER 2018
                       TABLE 303 ACTUATORS MARKET: OTHERS, OCTOBER 2018
     14.3 OTHER PLAYERS
             14.3.1 MOOG
                       TABLE 304 MOOG: BUSINESS OVERVIEW
                       FIGURE 46 MOOG: COMPANY SNAPSHOT
                       TABLE 305 ACTUATORS MARKET: DEALS, FEBRUARY 2017-FEBRUARY 2018
             14.3.2 CURTISS-WRIGHT CORPORATION
                       TABLE 306 CURTISS-WRIGHT CORPORATION: BUSINESS OVERVIEW
                       FIGURE 47 CURTISS-WRIGHT: COMPANY SNAPSHOT
                       TABLE 307 ACTUATORS MARKET: PRODUCT LAUNCH, FEBRUARY 2018- JANUARY 2021
                       TABLE 308 ACTUATORS MARKET: DEALS, DECEMBER 2020
             14.3.3 ALTRA INDUSTRIAL MOTION
                       TABLE 309 ALTRA INDUSTRIAL MOTION: BUSINESS OVERVIEW
                       FIGURE 48 ALTRA INDUSTRIAL MOTION: COMPANY SNAPSHOT
                       TABLE 310 ACTUATORS MARKET: PRODUCT LAUNCH, MARCH 2017- MARCH 2018
             14.3.4 TOLOMATIC
                       TABLE 311 TOLOMATIC: BUSINESS OVERVIEW
                       TABLE 312 ACTUATORS MARKET: PRODUCT LAUNCH, SEPTEMBER 2020
             14.3.5 VENTURE MFG. CO.
                       TABLE 313 VENTURE MFG. CO.: BUSINESS OVERVIEW
             14.3.6 IAI
                       TABLE 314 IAI: BUSINESS OVERVIEW
                       TABLE 315 ACTUATORS MARKET: PRODUCT LAUNCH, FEBRUARY 2019- JANUARY 2021
             14.3.7 SKF
                       TABLE 316 SKF: BUSINESS OVERVIEW
                       FIGURE 49 SKF: COMPANY SNAPSHOT
                       TABLE 317 ACTUATORS MARKET: DEALS, JULY 2018
             14.3.8 HARMONIC DRIVE LLC
                       TABLE 318 HARMONIC DRIVE LLC: BUSINESS OVERVIEW
                       TABLE 319 ACTUATORS MARKET: PRODUCT LAUNCH, SEPTEMBER 2018
             14.3.9 NOOK INDUSTRIES, INC.
                       TABLE 320 NOOK INDUSTRIES, INC.: BUSINESS OVERVIEW
               14.3.10 KOLLMORGEN
                                   TABLE 321 KOLLMORGEN: BUSINESS OVERVIEW
               14.3.11 MISUMI GROUP INC.
                                   TABLE 322 MISUMI GROUP INC.: BUSINESS OVERVIEW
                                   FIGURE 50 MISUMI GROUP INC.: COMPANY SNAPSHOT
                                   TABLE 323 ACTUATORS MARKET: OTHERS, NOVEMBER 2017
               14.3.12 DVG AUTOMATION
                                   TABLE 324 DVG AUTOMATION: BUSINESS OVERVIEW
               14.3.13 MACRON DYNAMICS
                                   TABLE 325 MACRON DYNAMICS: BUSINESS OVERVIEW
                                   TABLE 326 ACTUATORS MARKET: PRODUCT LAUNCH, FEBRUARY 2018
               14.3.14 ROTOMATION
                                   TABLE 327 ROTOMATION: BUSINESS OVERVIEW
               14.3.15 CEDRAT TECHNOLOGIES
                                   TABLE 328 CEDRAT TECHNOLOGIES: BUSINESS OVERVIEW
                                   TABLE 329 ACTUATORS MARKET: PRODUCT LAUNCH, JULY 2017
               14.3.16 KINITICS AUTOMATION
                                   TABLE 330 KINITICS AUTOMATION: BUSINESS OVERVIEW
                                   TABLE 331 ACTUATORS MARKET: PRODUCT LAUNCH, JANUARY 2018
               14.3.17 FESTO
                                   TABLE 332 FESTO: BUSINESS OVERVIEW
                                   TABLE 333 ACTUATORS MARKET: PRODUCT LAUNCH, OCTOBER 2019
                                   TABLE 334 ACTUATORS MARKET: DEALS
                                   TABLE 335 ACTUATORS MARKET: OTHERS, APRIL 2018-OCTOBER 2018
               14.3.18 IMI PLC
                                   TABLE 336 IMI PLC: BUSINESS OVERVIEW
                                   FIGURE 51 IMI PLC: COMPANY SNAPSHOT
                                   TABLE 337 ACTUATORS MARKET: DEALS, NOVEMBER 2018
               14.3.19 EATON CORPORATION
                                   TABLE 338 EATON CORPORATION: BUSINESS OVERVIEW
                                   FIGURE 52 EATON CORPORATION: COMPANY SNAPSHOT
               14.3.20 WITTENSTEIN SE
                                   TABLE 339 WITTENSTEIN SE: COMPANY OVERVIEW
               14.3.21 PROGRESSIVE AUTOMATIONS
                                   TABLE 340 PROGRESSIVE AUTOMATIONS: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 335)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The research study conducted on the actuators market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the actuators market. The primary sources considered included industry experts from the actuators market as well as sub-component manufacturers, actuator system service providers, government agencies, technology vendors, system integrators, research organizations, and original equipment manufacturers related to all segments of the value chain of this industry. In-depth interviews with various primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives, have been conducted to obtain and verify critical qualitative and quantitative information pertaining to the actuators market as well as to assess the growth prospects of the market.

Secondary Research

Secondary sources that were referred to for this research study on the actuators market included financial statements of companies offering actuators and information from various trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall size of the actuators market that was validated by primary respondents.

Actuators Market Size, and Share

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 size of the actuators market. The research methodology used to estimate the market size also included the following details:

  • Key players in the market were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of top market players and extensive interviews with industry experts with knowledge of actuators.
  • 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.

Actuators Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data triangulation

After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the segments and subsegments of the actuators market. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the size of the actuators market based on type, actuation, application, vertical, and region
  • To forecast the size of various segments of the actuators market across North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the actuators market across the globe
  • To analyze technological advancements undertaken and new products launched in the market
  • To identify the financial position, key products, and key developments undertaken by leading companies in the market
  • To analyze micromarkets with respect to their growth trends, prospects, and their contribution to the overall market
  • To provide a detailed competitive landscape of the market, along with the market share analysis of leading players
  • To provide a comprehensive analysis of business and corporate strategies adopted by key players to strengthen their position in the actuators market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
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