Actuators Market

Actuators Market by Actuation (Electric, Hydraulic, Pneumatic), Application (Industrial Automation, Robotics, Vehicle Equipment), Type (Linear Actuator, Rotary Actuator), Vertical (FnB, Oil & Gas, Mining) and Region - Global Forecast to 2029

Report Code: AS 2252 Mar, 2024, by marketsandmarkets.com

[350 Pages Report] The Actuators Market is projected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a CAGR of 7.0%. The international actuators market is propelled by rapid urbanization and industrialization. Expanding investments in additional infrastructure and restoration of existing plants is anticipated to positively impact market growth. Rising population, industrial production, manufacturing companies favoring automation, and necessity to extract natural resources from difficult locations may also drive Actuators Industry growth in the coming years. In recent times, space travel has been revived, and, thus, it has potential to drive the demand for actuators. Numerous industries like automotive, food and beverages, oil & gas, robotics, defense and security, aerospace, and logistics focus on automating their businesses to deliver improved safety, better efficiency, and heightened precision in production and time-efficient services.

Actuators Market

Actuators Market Forecast to 2029

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Actuators Market Dynamics

Driver: Rapid Industrialization and Utilization of Robotics

The global actuator market is experiencing significant growth fueled by two major trends in the industrial sector. Firstly, manufacturers are constantly seeking methods to enhance production efficiency and minimize downtime. Actuators play a vital role in achieving these goals. By enabling automation and precise control of machinery, actuators directly contribute to smoother operations and increased productivity.

Secondly, the widespread adoption of industrial robots across various industries, particularly automotive and manufacturing, is a major driver for the actuator market. These robots rely on different types of actuators, such as electric, hydraulic, and pneumatic, to perform movements and execute specific tasks. Essentially, actuators function as the "muscles" of robots, influencing their capabilities in terms of range of motion, speed, and precision. This growing reliance on robots for industrial tasks is consequently driving the demand for actuators.

The use of robots offers significant advantages over manual labor. Robots can automate complex tasks with high precision and speed, leading to a significant reduction in the need for manual labor and production times. Additionally, industrial robots come in various configurations based on factors like reach, weight capacity, and their level of interaction with humans. This allows for customization to specific needs across different industries, making robots a versatile solution for various applications.

Several trends are currently fueling the expansion of the robotics sector. One key factor is the cost reduction associated with robots. The development of lower-cost robots and production processes in emerging economies has made automation a more accessible option for companies of all sizes. Additionally, advancements in technology have led to a wider range of robot models with greater technical capabilities, making automation more versatile and adaptable. Finally, improvements in computing power, software development tools, and networking technologies have simplified robot installation, programming, and maintenance. This ease of integration has further contributed to the growth of the robotics sector.

Restraint: Low Oil Prices & Economic Slowdown

The oil and gas industry is a major user of actuators, particularly for valves and other equipment used in drilling, exploration, and production. When oil prices are low, oil and gas companies tend to reduce their capital expenditure (CapEx). This means they cut back on investments in new projects and equipment, including actuators. Low oil prices lead to reduced CapEx in the oil & gas industry, a major user of actuators. The slowdown in oil & gas can also have a ripple effect, impacting related industries that also rely on actuators. Economic uncertainty can even delay or cancel projects requiring actuators.

Opportunities: Increased Spending on Renewable Sources of Energy for Power Generation

Automation actuators are employed in power plants in crucial sections such as high-pressure steam bypass and turbine bypass. Power stations have numerous valves that are controlled by these actuators. Automation actuators also do stop and start flow tasks, lessen or increase the fluid flow, and monitor the direction of flow. These actuators are an interface between valves and control systems and are, therefore, important for the smooth and effective operation of power stations. Technological advancements in actuators permit monitoring and directing of these actuators from control rooms. They can gather and transmit operational data to update operators on both production and maintenance needs. Thus, these actuators play a major part in the effective operation of power stations. As power plants are constantly evolving in terms of enhancing operational flexibility and efficiency, the demand for automation actuators is expected to rise in the future. These actuators also play a significant role in the solar industry, where monitoring of the direction of sun rays is required to tap solar energy. Venture Mfg. Co. has built solar linear actuators for usage in the solar energy generation industry.

Challenges: Issues of Leakage in Pneumatic and Hydraulic Actuators

Pneumatic actuators offer a distinct advantage: they convert readily available compressed air into mechanical movement. However, their installation can be complex, and they require ongoing maintenance for optimal performance. These actuators rely on a network of components like compressors, filters, and regulators. Neglecting these components can lead to issues like excessive noise and air leaks, impacting efficiency.

Hydraulic actuators utilize a pumped hydraulic fluid to generate force and control movement. Compared to pneumatic systems, they offer superior force generation and process control. However, hydraulic systems come with their own set of drawbacks. Fluid leaks pose a significant risk, not only for environmental reasons but also for potential fire hazards and damage to the actuation system itself through erosion.

Actuators Market Ecosystem

Companies that provides services Actuators, includes government firms, industries as key stakeholders in Actuators Market. Investors, funders, academic researchers, integrators, service providers, and licensing authorities are the major influencers in this market. Prominent companies in this market include Rockwell Automation (US), Emerson Electric Co (US), parker Hennifin Corporation (US), ABB Ltd (Switzerland), and SMC

Actuators Market Segmentation

Actuators Market by Segmentation

Based on the Type, The Rotary Segment is Estimated to Grow at Second-Highest Rate During the Forecast Period

Rotary actuators are electrically powered mechanical devices consisting of motors and output shaft mechanisms with limited rotary travel. They are used to convert electrical energy into rotational motion. These actuators are used primarily in automation applications such as gates, valves, etc. They are used in industries, wherein accurate positioning of end effectors, such as the movement of valves in a pipeline, is required. Rotary actuators are driven by different types of motors and voice coils. Manufacturers of rotary actuators include Rotomation, which develops a wide range of rotary actuators for indexing, picking & placing, and stepping applications.

Based on Actuation, The Hydraulic Segment is Anticipated to Account for the Second-Highest Market Share in 2024

In the world of actuators, those utilizing pressurized liquids like hydraulic fluids hold the title of hydraulic actuators. Renowned for their ruggedness and ability to tackle high-force applications, hydraulic actuators pack a bigger punch than their pneumatic counterparts, despite similar sizes. The core of a hydraulic actuator is a cylinder or fluid motor that converts hydraulic power into mechanical movement. This movement can be linear, rotary, or oscillatory, offering versatility for various needs. The near-incompressible nature of liquids grants hydraulic actuators their impressive force generation capability. These actuators come in two main types: single-acting and double-acting. Hydraulic actuators can deliver up to 25 times the force of pneumatic actuators, making them ideal for heavy-duty industrial applications. From industrial automation to the manufacturing and assembly of aircraft parts, hydraulic actuators are a powerful workhorse across various industries. These actuators are rarely used in the healthcare industry due to possible leakage issues. In some applications, users face additional maintenance costs of hydraulic actuators due to a significant increase in their energy consumption resulting from leakages of hydraulic fluids. Emerson Electric and SMC are some of the major manufacturers of hydraulic actuators.

The Asia Pacific Market is Projected to Dominate Actuators Market

Asia Pacific is projected to dominate the Actuators market during the forecast period. India is projected to show highest growth rate  for the Actuators market in Asia Pacific. The domination of the Actuators market in Asia pacific can be attributed by the presence of top actuators providers. The Actuators market in India was predicted to develop and evolve in future years, owing to advancements in technologies and rising demand for Actuators.

Actuators Market by Region

Actuators Market by Region

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Actuators Industry Companies: Top
Key Market Players

The Actuators Companies is dominated by a few globally established players such as Rockwell Automation (US), Parker Hennifin Corporation (US), Emerson Electric Co (US), ABB Ltd (Switzerland), and SMC Corporation (Japan) are some of the leading players operating in the Actuators market; they are the key actuator manufacturers that contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements of commercial, government and navy.

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Scope of the Report

Report Metric

Details

Estimated Market Size

USD 67.7 Billion in 2024

Projected Market Size

USD 94.8 Billion by 2029

Growth Rate

7.0%

Forecast Period

2024 to 2029

Market Size Available for Years

2020–2023

Base Year Considered

2023

Forecast Period

2024-2029

Forecast Units

Value (USD Million)

Segments Covered

By Vertical, By Type, By Actuation, By Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East, Rest of the World

Companies Covered

Rockwell Automation (US), Parket Hennifin Corporation (US), Emerson Electric Co (US), ABB Ltd (Switzerland), and SMC Corporation (Japan) and others.

Actuators Market Highlights

The study categorizes Actuators market based on Vertical, Type, Actuation, Application

Segment

Subsegment

By Actuation

  • Electric
  • Pneumatic
  • Hydraulic
  • Others

By Type

  • Linear Actuators and Rotary Actuators
  • The Linear Actuators Segment Has Been Further Segmented Into Screw Type, Belt Type, and Rod Type
  • The Rotary Actuators Segment Has Been Further Segmented Into Motor, Bladder & Vane, and Piston

By Vertical

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

By Application

  • Industrial Automation
  • Robotics
  • Vehicles and Equipment

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

Recent Developments

  • In June 2022,  Emerson's AVENTICS division has unveiled a new series of electric actuators: the SPRA (Servo Profile Advanced) line. These rod-style cylinders are designed for precise and highly repeatable motion control. Unlike many standard electric actuators that offer a single screw type, the SPRA series provides users with greater flexibility. 
  • In October 2023, SMC Corporation launched its LET-X11 Series of linear actuator that offers a maximum workload of 240 kg (Size 100) or 75 kg (Size 80) with a stroke of up to 3000 mm. It achieves impressive speeds of 4000 mm/s (Size 100) or 2160 mm/s (Size 80) and can accelerate/decelerate at 20000 mm/s². Simplified belt replacement and mountable solid-state auto switches enhance usability.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 ACTUATORS MARKET SEGMENTATION
                    FIGURE 1 MARKETS COVERED
           1.2.2 REGIONAL SCOPE
           1.2.3 YEARS CONSIDERED
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT ANALYSIS
 
2 RESEARCH METHODOLOGY (Page No. - 43)
    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 Primary sources
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key primary insights
                    2.1.2.4 Breakdown of primary interviews
                               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
           2.2.3 SUPPLY-SIDE ANALYSIS
           2.2.4 RECESSION IMPACT
    2.3 MARKET SCOPE 
           2.3.1 SEGMENTS AND SUBSEGMENTS
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
                    2.4.1.1 Regional actuators market
                    2.4.1.2 General approach for actuators market
                    2.4.1.3 Actuators market, by actuation
                    2.4.1.4 Actuators market, by type
                    2.4.1.5 Actuators market, by application
                    2.4.1.6 Actuators market, by vertical
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION AND VALIDATION 
           2.5.1 DATA TRIANGULATION THROUGH SECONDARY RESEARCH
           2.5.2 DATA TRIANGULATION THROUGH PRIMARY INTERVIEWS
                    FIGURE 7 DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS 
           2.6.1 MARKET SIZING
           2.6.2 MARKET GROWTH FORECASTING
                    FIGURE 8 RESEARCH ASSUMPTIONS
    2.7 RESEARCH LIMITATIONS 
    2.8 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 9 ELECTRONICS & ELECTRICAL SEGMENT TO GROW AT HIGHEST CAGR
    FIGURE 10 LINEAR ACTUATORS TYPE TO GROW AT HIGHER CAGR FROM 2024 TO 2029
    FIGURE 11 ELECTRIC ACTUATION SEGMENT TO LEAD ACTUATORS MARKET DURING FORECAST PERIOD
    FIGURE 12 ROBOTICS APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 13 ASIA PACIFIC TO LEAD ACTUATORS MARKET IN 2024
 
4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ACTUATORS MARKET 
           FIGURE 14 INCREASED GLOBAL DEMAND FOR ELECTRIC ACTUATORS TO DRIVE MARKET
    4.2 ACTUATORS MARKET, BY ACTUATION 
           FIGURE 15 ELECTRIC ACTUATION SEGMENT TO WITNESS HIGHEST CAGR FROM 2024 TO 2029
    4.3 ACTUATORS MARKET, BY TYPE 
           FIGURE 16 LINEAR ACTUATOR SEGMENT TO LEAD MARKET FROM 2024 TO 2029
    4.4 ACTUATORS MARKET, BY APPLICATION 
           FIGURE 17 VEHICLE EQUIPMENT APPLICATION SEGMENT TO LEAD MARKET FROM 2024 TO 2029
    4.5 ACTUATORS MARKET, BY VERTICAL 
           FIGURE 18 AUTOMOTIVE VERTICAL SEGMENT TO LEAD ACTUATORS MARKET FROM 2024 TO 2029
    4.6 ACTUATORS MARKET, BY COUNTRY 
           FIGURE 19 UK TO WITNESS HIGHEST MARKET GROWTH FROM 2024 TO 2029
 
5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 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 21 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
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Wide range of applications for 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
    5.3 OPERATIONAL DATA 
          TABLE 2 NEW COMMERCIAL AUTOMOTIVE VEHICLE DELIVERIES, BY TYPE, 2018–2022 (MILLION UNITS)
          TABLE 3 NEW AIRCRAFT DELIVERIES, BY TYPE, 2019–2022 (UNITS)
          TABLE 4 NEW SHIP DELIVERIES, BY TYPE, 2019–2022 (UNITS)
    5.4 IMPACT OF RECESSION 
    5.5 ECOSYSTEM ANALYSIS 
           5.5.1 PROMINENT COMPANIES
           5.5.2 PRIVATE AND SMALL ENTERPRISES
           5.5.3 APPLICATIONS
                    FIGURE 22 ECOSYSTEM ANALYSIS/MAP: ACTUATORS MARKET
                    TABLE 5 ROLE OF COMPANIES IN ECOSYSTEM
    5.6 VALUE CHAIN ANALYSIS 
          FIGURE 23 VALUE CHAIN ANALYSIS
    5.7 PRICING ANALYSIS 
           5.7.1 AVERAGE SELLING PRICE OF ACTUATOR, BY COMPONENT
                    TABLE 6 AVERAGE SELLING PRICE OF ACTUATORS AND THEIR COMPONENTS (2023)
           5.7.2 AVERAGE SELLING PRICE OF ACTUATOR, BY TYPE
                    TABLE 7 AVERAGE SELLING PRICE OF AUTOMOTIVE ACTUATORS, BY TYPE (USD) (2023)
                    TABLE 8 AVERAGE SELLING PRICE OF AIRCRAFT ACTUATORS, BY TYPE (USD) (2023)
                    TABLE 9 AVERAGE SELLING PRICE OF MARINE ACTUATORS, BY TYPE (USD) (2023)
                    TABLE 10 AVERAGE SELLING PRICE OF INDUSTRIAL ACTUATORS, BY TYPE (USD) (2023)
           5.7.3 AVERAGE SELLING PRICE TREND OF ACTUATORS, BY REGION
                    FIGURE 24 AVERAGE SELLING PRICE TREND OF ACTUATORS, BY REGION
    5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.9 TECHNOLOGY ROADMAP 
           FIGURE 26 TECHNOLOGY ROADMAP OF ACTUATORS MARKET, 2000–2030
    5.10 TECHNOLOGY ANALYSIS 
           5.10.1 KEY TECHNOLOGY
                    5.10.1.1 SMART ACTUATORS FOR INDUSTRY 4.0
           5.10.2 SUPPORTING TECHNOLOGY
                    5.10.2.1 ARTIFICIAL MUSCLES
    5.11 USE CASE ANALYSIS: ACTUATORS 
           5.11.1 LIFT ASSIST TECHNOLOGY TO ELIMINATE WORKPLACE-RELATED INJURIES
           5.11.2 USE OF ACTUATORS IN HOME DÉCOR APPLICATIONS
    5.12 TRADE ANALYSIS 
           5.12.1 TRADE DATA
                    TABLE 11 IMPORT DATA (HS CODE: 841229), BY COUNTRY, 2018–2022 (USD THOUSAND)
                    FIGURE 27 IMPORT DATA (HS CODE: 841229), BY COUNTRY, 2018–2022 (USD THOUSAND)
                    TABLE 12 EXPORT DATA (HS CODE: 841229), BY COUNTRY, 2018–2022 (USD THOUSAND)
                    FIGURE 28 EXPORT DATA (HS CODE: 841229), BY COUNTRY, 2018–2022 (USD THOUSAND)
    5.13 TARIFF AND REGULATORY LANDSCAPE 
           TABLE 13 LIST OF INTERNATIONAL SOCIETY OF AUTOMATION STANDARDS FOR ACTUATORS
           TABLE 14 NORTH AMERICA: TARIFFS
           TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.14 KEY CONFERENCES AND EVENTS, 2024 
           TABLE 18 KEY CONFERENCES AND EVENTS, 2024
    5.15 INVESTMENT AND FUNDING SCENARIO 
           TABLE 19 VENTURE CAPITAL AND DEALS, 2019−2022
           FIGURE 29 VENTURE CAPITAL AND DEALS, 2019−2022
    5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.16.1 STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ACTUATORS, BY END USER
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ACTUATORS, BY TOP VERTICALS (%)
           5.16.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR ACTUATORS, BY APPLICATION
                    TABLE 21 KEY BUYING CRITERIA FOR ACTUATORS, BY APPLICATION
    5.17 BILL OF MATERIALS FOR ACTUATORS 
           FIGURE 32 BILL OF MATERIALS FOR ACTUATORS
    5.18 TOTAL COST OF OWNERSHIP FOR INDUSTRIAL ACTUATORS 
           FIGURE 33 TOTAL COST OF OWNERSHIP FOR INDUSTRIAL ACTUATORS
 
6 INDUSTRY TRENDS (Page No. - 93)
    6.1 INTRODUCTION 
    6.2 SUPPLY CHAIN ANALYSIS 
           FIGURE 34 SUPPLY CHAIN ANALYSIS
           6.2.1 MAJOR COMPANIES
           6.2.2 SMALL AND MEDIUM-SIZED ENTERPRISES
           6.2.3 END USERS/CUSTOMERS
    6.3 TECHNOLOGY TRENDS 
           6.3.1 SMART ACTUATORS
           6.3.2 HYBRID ACTUATORS
           6.3.3 MEMS-ELECTROTHERMAL ACTUATORS
           6.3.4 AMPLIFIED PIEZOELECTRIC ACTUATORS
    6.4 IMPACT OF MEGATRENDS 
           6.4.1 ACTUATORS IN UNMANNED SYSTEMS, AIRCRAFT, AND SPACECRAFT
           6.4.2 AUTOMATIC DOOR ACTUATORS
    6.5 PATENT ANALYSIS 
                        FIGURE 35 PATENT ANALYSIS
 
7 CUSTOMER ANALYSIS (Page No. - 99)
    7.1 OBJECTIVES 
    7.2 INTRODUCTION 
           7.2.1 FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0)
           7.2.2 CONSUMER BUYING PROCESS
           7.2.3 PROMINENT COMPANIES
           7.2.4 SMALL AND MEDIUM-SIZED ENTERPRISES
    7.3 CUSTOMER ACTUATOR SELECTION CRITERIA 
    7.4 TESTING 
           7.4.1 SELECTION CRITERIA
           7.4.2 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN TESTING INDUSTRY
           7.4.3 MAJOR BUYERS OF ACTUATOR/ACTUATION SYSTEM IN TESTING INDUSTRY
           7.4.4 MAJOR ACTUATOR SUPPLIERS FOR TESTING INDUSTRY
    7.5 FOOD & BEVERAGE INDUSTRY 
           7.5.1 SELECTION CRITERIA
           7.5.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN FOOD & BEVERAGES INDUSTRY
           7.5.3 APPLICATION AREAS OF ACTUATORS IN FOOD & BEVERAGES INDUSTRY
           7.5.4 FACTORS EXPECTED TO AFFECT DEMAND FOR ACTUATORS IN NEXT THREE TO FIVE YEARS
           7.5.5 MAJOR BUYERS OF ACTUATOR/ACTUATION SYSTEM IN FOOD & BEVERAGE INDUSTRY
           7.5.6 MAJOR ACTUATOR SUPPLIERS FOR FOOD & BEVERAGE INDUSTRY
    7.6 CHEMICALS INDUSTRY 
           7.6.1 SELECTION CRITERIA
           7.6.2 APPLICATION AREAS OF ACTUATORS IN CHEMICAL INDUSTRY
           7.6.3 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN CHEMICAL INDUSTRY
           7.6.4 FACTORS EXPECTED TO AFFECT DEMAND FOR ACTUATORS IN NEXT THREE TO FIVE YEARS
           7.6.5 MAJOR BUYERS OF ACTUATOR/ACTUATION SYSTEM IN CHEMICAL INDUSTRY
           7.6.6 MAJOR ACTUATOR SUPPLIERS IN THIS INDUSTRY
    7.7 METALS & MINING INDUSTRY 
           7.7.1 SELECTION CRITERIA
           7.7.2 APPLICATION AREAS OF ACTUATORS IN METALS & MINING INDUSTRY
           7.7.3 FACTORS EXPECTED TO AFFECT DEMAND FOR ACTUATORS IN NEXT THREE TO FIVE YEARS
           7.7.4 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN METALS & MINING INDUSTRY
           7.7.5 MAJOR ACTUATOR SUPPLIERS FOR METALS & MINING INDUSTRY
    7.8 MANUFACTURING & CONSTRUCTION INDUSTRY 
           7.8.1 SELECTION CRITERIA
           7.8.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN MANUFACTURING & CONSTRUCTION INDUSTRY
           7.8.3 APPLICATION AREAS OF ACTUATORS IN MANUFACTURING & CONSTRUCTION INDUSTRY
           7.8.4 FACTORS EXPECTED TO AFFECT DEMAND FOR ACTUATORS IN THREE TO FIVE YEARS
           7.8.5 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN MANUFACTURING & CONSTRUCTION INDUSTRY
           7.8.6 MAJOR ACTUATOR SUPPLIERS FOR MANUFACTURING & CONSTRUCTION INDUSTRY
    7.9 PHARMACEUTICALS & HEALTHCARE INDUSTRY 
           7.9.1 SELECTION CRITERIA
           7.9.2 ACTUATOR/ACTUATION SYSTEM ISSUES FACED BY CUSTOMERS IN PHARMACEUTICALS & HEALTHCARE INDUSTRY
           7.9.3 APPLICATION AREAS OF ACTUATORS IN PHARMACEUTICALS INDUSTRY
           7.9.4 FACTORS EXPECTED TO AFFECT DEMAND FOR ACTUATORS IN NEXT THREE TO FIVE YEARS
           7.9.5 MAJOR ACTUATOR/SYSTEM BUYERS IN PHARMACEUTICALS INDUSTRY
           7.9.6 MAJOR ACTUATOR SUPPLIERS FOR PHARMACEUTICALS INDUSTRY
    7.10 PULP & PAPER INDUSTRY 
           7.10.1 SELECTION CRITERIA
           7.10.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN PULP & PAPER INDUSTRY
           7.10.3 DIFFERENT APPLICATION AREAS OF ACTUATORS IN PULP & PAPER INDUSTRY
           7.10.4 FACTORS EXPECTED TO AFFECT DEMAND FOR ACTUATORS IN NEXT THREE TO FIVE YEARS
           7.10.5 MAJOR ACTUATOR/ACTUATION SYSTEM BUYERS IN PULP & PAPER INDUSTRY
           7.10.6 MAJOR ACTUATOR SUPPLIERS FOR PULP & PAPER INDUSTRY
    7.11 WATER TREATMENT 
           7.11.1 SELECTION CRITERIA
           7.11.2 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN WATER TREATMENT INDUSTRY
           7.11.3 APPLICATIONS OF ACTUATORS IN WATER TREATMENT INDUSTRY
           7.11.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN WATER TREATMENT INDUSTRY IN NEXT THREE TO FIVE YEARS
           7.11.5 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN WATER TREATMENT INDUSTRY
           7.11.6 MAJOR ACTUATOR SUPPLIERS FOR WATER TREATMENT INDUSTRY
    7.12 OIL & GAS 
           7.12.1 SELECTION CRITERIA
           7.12.2 APPLICATION AREAS FOR ACTUATORS IN OIL & GAS INDUSTRY
           7.12.3 MAJOR PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN OIL & GAS INDUSTRY
           7.12.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN OIL & GAS INDUSTRY IN NEXT THREE TO FIVE YEARS
           7.12.5 MAJOR CERTIFICATIONS REQUIRED FOR ACTUATORS FOR OIL & GAS INDUSTRY
           7.12.6 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN OIL & GAS INDUSTRY
           7.12.7 MAJOR ACTUATOR SUPPLIERS FOR OIL & GAS INDUSTRY
    7.13 AEROSPACE INDUSTRY 
           7.13.1 SELECTION CRITERIA
           7.13.2 MAJOR PROBLEMS RELATED TO ACTUATOR/ACTUATION SYSTEMS FACED BY CUSTOMERS IN AEROSPACE INDUSTRY
           7.13.3 APPLICATION AREAS OF ACTUATORS IN AEROSPACE INDUSTRY
           7.13.4 DIFFERENT APPLICATION AREAS OF ACTUATORS IN FLIGHT CONTROLS
           7.13.5 APPLICATION AREAS OF LINEAR ACTUATORS IN FLIGHT CONTROLS
           7.13.6 CHANGING ACTUATOR REQUIREMENTS IN FUTURE
           7.13.7 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN AEROSPACE INDUSTRY
           7.13.8 MAJOR ACTUATOR SUPPLIERS IN AEROSPACE INDUSTRY
    7.14 DEFENSE INDUSTRY 
           7.14.1 SELECTION CRITERIA
           7.14.2 ADVANTAGES OF ACTUATORS IN DEFENSE
           7.14.3 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN DEFENSE INDUSTRY
           7.14.4 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN DEFENSE INDUSTRY
           7.14.5 MAJOR ACTUATOR SUPPLIERS IN DEFENSE INDUSTRY
    7.15 POWER GENERATION INDUSTRY 
           7.15.1 SELECTION CRITERIA
           7.15.2 APPLICATIONS FOR WHICH ACTUATORS ARE USED
           7.15.3 APPLICATION AREAS FOR ACTUATORS IN POWER GENERATION INDUSTRY
           7.15.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN POWER GENERATION INDUSTRY IN NEXT THREE TO FIVE YEARS
           7.15.5 CUSTOMER EXPECTATIONS FOR ACTUATORS AND RELATED SYSTEMS SUPPLIERS REGARDING MAINTENANCE AND SUPPORT
           7.15.6 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN POWER GENERATION INDUSTRY
           7.15.7 MAJOR ACTUATOR SUPPLIERS IN POWER GENERATION INDUSTRY
    7.16 AUTOMOTIVE INDUSTRY 
           7.16.1 SELECTION CRITERIA
           7.16.2 APPLICATION AREAS OF ACTUATORS IN AUTOMOTIVE INDUSTRY
           7.16.3 PROBLEMS RELATED TO ACTUATORS/ACTUATION SYSTEMS FACED BY CUSTOMERS IN AUTOMOTIVE INDUSTRY
           7.16.4 FACTORS AFFECTING DEMAND FOR ACTUATORS IN AUTOMOTIVE INDUSTRY IN NEXT THREE TO FIVE YEARS
           7.16.5 MAJOR BUYERS OF ACTUATORS/ACTUATION SYSTEMS IN AUTOMOTIVE INDUSTRY
           7.16.6 MAJOR ACTUATOR SUPPLIERS IN AUTOMOTIVE INDUSTRY
 
8 ACTUATORS MARKET, BY ACTUATION (Page No. - 144)
    8.1 INTRODUCTION 
           FIGURE 36 ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 22 ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
           TABLE 23 ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
    8.2 ELECTRIC 
           8.2.1 INCREASED USE OF ELECTRICAL ACTUATORS IN DIFFERENT INDUSTRIES TO DRIVE DEMAND
    8.3 HYDRAULIC 
           8.3.1 DEMAND IN HIGH-FORCE APPLICATIONS TO DRIVE MARKET
    8.4 PNEUMATIC 
           8.4.1 USE IN FOOD & BEVERAGES AND OIL & GAS INDUSTRIES TO DRIVE DEMAND
    8.5 OTHERS 
           8.5.1 RECENT DEVELOPMENTS IN THERMAL, PIEZOELECTRIC, AND HYBRID ACTUATORS TO DRIVE DEMAND
 
9 ACTUATORS MARKET, BY APPLICATION (Page No. - 149)
    9.1 INTRODUCTION 
           FIGURE 37 VEHICLE EQUIPMENT APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
           TABLE 24 ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
           TABLE 25 ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    9.2 INDUSTRIAL AUTOMATION 
           9.2.1 ENHANCING QUALITY AND INCREASING FLEXIBILITY OF MANUFACTURING PROCESS TO DRIVE MARKET
    9.3 ROBOTICS 
           9.3.1 INCREASING ADOPTION OF ROBOTICS ACROSS AUTOMOTIVE AND ELECTRONICS & ELECTRICAL INDUSTRIES TO DRIVE GROWTH
                    FIGURE 38 INDUSTRIAL ROBOTS SEGMENT TO LEAD ACTUATORS MARKET IN ROBOTICS
                    TABLE 26 ACTUATORS MARKET IN ROBOTICS, BY ROBOT TYPE, 2020–2023 (USD MILLION)
                    TABLE 27 ACTUATORS MARKET IN ROBOTICS, BY ROBOT TYPE, 2024–2029 (USD MILLION)
           9.3.2 INDUSTRIAL ROBOTS
           9.3.3 SERVICE ROBOTS
    9.4 VEHICLE EQUIPMENT 
           9.4.1 INCREASING AUTONOMY LEVELS AND REQUIREMENTS FOR AUTOMATED VALE CONTROLS AND SUSPENSION MECHANISMS TO DRIVE MARKET
 
10 ACTUATORS MARKET, BY TYPE (Page No. - 154)
     10.1 INTRODUCTION 
             FIGURE 39 ACTUATORS MARKET, BY TYPE, 2024 VS. 2029 (USD BILLION)
             TABLE 28 ACTUATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
             TABLE 29 ACTUATORS MARKET, BY TYPE, 2024–2029 (USD MILLION)
     10.2 LINEAR ACTUATORS 
             10.2.1 ROD TYPE
                        10.2.1.1 Increasing use of rod-less type linear actuators in aircraft structures to drive demand
             10.2.2 SCREW TYPE
                        10.2.2.1 Growing use of servomotors in drive and control hardware to fuel demand
             10.2.3 BELT TYPE
                        10.2.3.1 Rising use to increase operational efficiency of process automation to drive demand
     10.3 ROTARY ACTUATORS 
             10.3.1 MOTORS
                        10.3.1.1 Surging sales of industrial robots to drive demand
             10.3.2 BLADDER & VANE
                        10.3.2.1 Increasing use in gates and valves in process industry to drive demand
             10.3.3 PISTON TYPE
                        10.3.3.1 Growing use for precision control applications in electronics industry to drive demand
 
11 ACTUATORS MARKET, BY VERTICAL (Page No. - 159)
     11.1 INTRODUCTION 
             FIGURE 40 ACTUATORS MARKET, BY VERTICAL, 2024 VS. 2029 (USD BILLION)
             TABLE 30 ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
             TABLE 31 ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
     11.2 FOOD & BEVERAGES 
             11.2.1 REQUIREMENT FOR INCREASED AUTOMATION AND CAPACITY ENHANCEMENT TO DRIVE SEGMENT
     11.3 OIL & GAS 
             11.3.1 INCREASE IN OIL & GAS EXPLORATION ACTIVITIES IN ASIA PACIFIC TO DRIVE SEGMENT
     11.4 METALS, MINING & MACHINERY 
             11.4.1 REQUIREMENT FOR ROBUST ACTUATORS IN MINING INDUSTRY TO DRIVE SEGMENT
     11.5 POWER GENERATION 
             11.5.1 INCREASED SPENDING ON RENEWABLE SOURCES TO DRIVE SEGMENT
     11.6 CHEMICALS, PAPER & PLASTICS 
             11.6.1 RAPID INDUSTRIALIZATION AND STRINGENT IMPLEMENTATION OF ENVIRONMENTAL REGULATIONS TO DRIVE SEGMENT
     11.7 PHARMACEUTICALS & HEALTHCARE 
             11.7.1 STRINGENT REGULATIONS FOR HYGIENE AND INCREASED DEMAND FOR SURGICAL ROBOTS TO DRIVE SEGMENT
     11.8 AUTOMOTIVE 
             11.8.1 INCREASED DEMAND FOR INDUSTRIAL ROBOTS TO DRIVE SEGMENT
                        TABLE 32 AUTOMOTIVE ACTUATORS VOLUME, BY VEHICLE TYPE, 2020–2029 (MILLION UNITS)
     11.9 AEROSPACE & DEFENSE 
             11.9.1 RISE IN DEFENSE EXPENDITURE, COMMERCIAL AVIATION, AND MILITARY MODERNIZATION PROGRAMS TO DRIVE SEGMENT
                        TABLE 33 AIRCRAFT ACTUATORS VOLUME, BY AIRCRAFT TYPE, 2020–2029 (THOUSAND UNITS)
     11.1 MARINE 
             11.10.1 INCREASED USE IN COMMERCIAL SHIPBUILDING TO DRIVE SEGMENT
                        TABLE 34 MARINE ACTUATORS VOLUME, BY VESSEL TYPE, 2020–2029 (THOUSAND UNITS)
     11.11 ELECTRONICS & ELECTRICAL 
             11.11.1 GROWING DEMAND FOR BATTERIES, CHIPS, AND DISPLAYS TO DRIVE SEGMENT
     11.12 CONSTRUCTION 
             11.12.1 INCREASED DEMAND FOR ELECTRICAL LINEAR ACTUATORS IN LIFTING AND MATERIAL HANDLING APPLICATIONS TO DRIVE SEGMENT
     11.13 UTILITIES 
             11.13.1 INCREASED DEMAND FOR LOGISTICS, AGRICULTURE, AND FIELD ROBOTS TO DRIVE SEGMENT
     11.14 HOUSEHOLD & ENTERTAINMENT 
             11.14.1 INCREASED DEMAND FOR SERVICE ROBOTS IN DOMESTIC APPLICATIONS TO BOOST DEMAND
     11.15 AGRICULTURE 
             11.15.1 GROWING ADOPTION OF MECHANIZATION AND INCREASING GOVERNMENT SUPPORT TO DRIVE SEGMENT
 
12 REGIONAL ANALYSIS (Page No. - 168)
     12.1 INTRODUCTION 
             FIGURE 41 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF ACTUATORS MARKET IN 2024
             TABLE 35 ACTUATORS MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 36 ACTUATORS MARKET, BY REGION, 2024–2029 (USD MILLION)
     12.2 REGIONAL RECESSION IMPACT ANALYSIS 
     12.3 NORTH AMERICA 
             12.3.1 PESTLE ANALYSIS: NORTH AMERICA
             12.3.2 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                        FIGURE 42 NORTH AMERICA: ACTUATORS MARKET SNAPSHOT
                        TABLE 37 NORTH AMERICA: ACTUATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                        TABLE 38 NORTH AMERICA: ACTUATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 39 NORTH AMERICA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 40 NORTH AMERICA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 41 NORTH AMERICA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 42 NORTH AMERICA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 43 NORTH AMERICA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 44 NORTH AMERICA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 45 NORTH AMERICA ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 46 NORTH AMERICA: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 47 NORTH AMERICA: ACTUATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
                        TABLE 48 NORTH AMERICA: ACTUATORS MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.3 US
                        12.3.3.1 Increase adoption of Industry 4.0 to drive market
                                     TABLE 49 US: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 50 US: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 51 US: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 52 US: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 53 US: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 54 US: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.3.4 CANADA
                        12.3.4.1 Rising demand for linear actuators to drive market
                                     TABLE 55 CANADA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 56 CANADA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 57 CANADA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 58 CANADA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 59 CANADA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 60 CANADA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     12.4 EUROPE 
             12.4.1 PESTLE ANALYSIS: EUROPE
             12.4.2 EUROPE: RECESSION IMPACT ANALYSIS
                        FIGURE 43 EUROPE: ACTUATORS MARKET SNAPSHOT
                        TABLE 61 EUROPE: ACTUATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                        TABLE 62 EUROPE: ACTUATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 63 EUROPE: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 64 EUROPE: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 65 EUROPE: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 66 EUROPE: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 67 EUROPE: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 68 EUROPE: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 69 EUROPE: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 70 EUROPE: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 71 EUROPE: ACTUATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
                        TABLE 72 EUROPE: ACTUATORS MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.4.3 GERMANY
                        12.4.3.1 Thriving automotive and manufacturing industries to drive market
                                     TABLE 73 GERMANY: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 74 GERMANY: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 75 GERMANY: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 76 GERMANY: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 77 GERMANY: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 78 GERMANY: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.4.4 UK
                        12.4.4.1 Increasing demand from oil & gas industry to drive market
                                     TABLE 79 UK: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 80 UK: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 81 UK: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 82 UK: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 83 UK: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 84 UK: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.4.5 FRANCE
                        12.4.5.1 Presence of major aerospace & defense manufacturers to drive market
                                     TABLE 85 FRANCE: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 86 FRANCE: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 87 FRANCE: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 88 FRANCE: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 89 FRANCE: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 90 FRANCE: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.4.6 ITALY
                        12.4.6.1 Presence of major automobile and food & beverages manufacturers to drive market
                                     TABLE 91 ITALY: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 92 ITALY: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 93 ITALY: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 94 ITALY: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 95 ITALY: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 96 ITALY: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.4.7 RUSSIA
                        12.4.7.1 Diverse industrial landscape to boost demand
                                     TABLE 97 RUSSIA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 98 RUSSIA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 99 RUSSIA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 100 RUSSIA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 101 RUSSIA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 102 RUSSIA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.4.8 REST OF EUROPE
                        TABLE 103 REST OF EUROPE: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 104 REST OF EUROPE: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 105 REST OF EUROPE: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 106 REST OF EUROPE: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 107 REST OF EUROPE: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 108 REST OF EUROPE: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     12.5 ASIA PACIFIC 
             12.5.1 PESTLE ANALYSIS: ASIA PACIFIC
             12.5.2 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                        FIGURE 44 ASIA PACIFIC: ACTUATORS MARKET SNAPSHOT
                        TABLE 109 ASIA PACIFIC: ACTUATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                        TABLE 110 ASIA PACIFIC: ACTUATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 111 ASIA PACIFIC: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 112 ASIA PACIFIC: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 113 ASIA PACIFIC: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 114 ASIA PACIFIC: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 115 ASIA PACIFIC: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 116 ASIA PACIFIC: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 117 ASIA PACIFIC: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 118 ASIA PACIFIC: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 119 ASIA PACIFIC: ACTUATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
                        TABLE 120 ASIA PACIFIC: ACTUATORS MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.5.3 CHINA
                        12.5.3.1 Presence of major industries to drive market
                                     TABLE 121 CHINA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 122 CHINA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 123 CHINA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 124 CHINA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 125 CHINA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 126 CHINA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.5.4 INDIA
                        12.5.4.1 Presence of flourishing steel and textile industries to drive market
                                     TABLE 127 INDIA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 128 INDIA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 129 INDIA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 130 INDIA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 131 INDIA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 132 INDIA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.5.5 JAPAN
                        12.5.5.1 Increasing demand across major industries to drive market
                                     TABLE 133 JAPAN: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 134 JAPAN: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 135 JAPAN: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 136 JAPAN: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 137 JAPAN: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 138 JAPAN: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.5.6 SOUTH KOREA
                        12.5.6.1 Presence of major automotive and electronics manufacturers to drive market
                                     TABLE 139 SOUTH KOREA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 140 SOUTH KOREA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 141 SOUTH KOREA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 142 SOUTH KOREA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 143 SOUTH KOREA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 144 SOUTH KOREA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.5.7 AUSTRALIA
                        12.5.7.1 Advancements in automation technologies across industries to boost demand
                                     TABLE 145 AUSTRALIA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 146 AUSTRALIA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 147 AUSTRALIA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 148 AUSTRALIA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 149 AUSTRALIA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 150 AUSTRALIA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.5.8 REST OF ASIA PACIFIC
                        TABLE 151 REST OF ASIA PACIFIC: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 152 REST OF ASIA PACIFIC: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 153 REST OF ASIA PACIFIC: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 154 REST OF ASIA PACIFIC: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 155 REST OF ASIA PACIFIC: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 156 REST OF ASIA PACIFIC: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     12.6 MIDDLE EAST 
             12.6.1 PESTLE ANALYSIS: MIDDLE EAST
             12.6.2 MIDDLE EAST: RECESSION IMPACT ANALYSIS
                        FIGURE 45 MIDDLE EAST: ACTUATORS MARKET SNAPSHOT
                        TABLE 157 MIDDLE EAST: ACTUATORS MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 158 MIDDLE EAST: ACTUATORS MARKET, BY REGION, 2024–2029 (USD MILLION)
                        TABLE 159 MIDDLE EAST: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 160 MIDDLE EAST: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 161 MIDDLE EAST: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 162 MIDDLE EAST: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 163 MIDDLE EAST: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 164 MIDDLE EAST: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 165 MIDDLE EAST: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 166 MIDDLE EAST: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 167 MIDDLE EAST: ACTUATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
                        TABLE 168 MIDDLE EAST: ACTUATORS MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.6.3 GCC COUNTRIES
                        12.6.3.1 Industrialization and infrastructure development to drive growth
                                     TABLE 169 GCC COUNTRIES: ACTUATORS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                                     TABLE 170 GCC COUNTRIES: ACTUATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                                     TABLE 171 GCC COUNTRIES: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                     TABLE 172 GCC COUNTRIES: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                     TABLE 173 GCC COUNTRIES: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                     TABLE 174 GCC COUNTRIES: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                     TABLE 175 GCC COUNTRIES: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                     TABLE 176 GCC COUNTRIES: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        12.6.3.2 Saudi Arabia
                                     12.6.3.2.1 Economic diversification efforts to drive market
                                                    TABLE 177 SAUDI ARABIA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                                    TABLE 178 SAUDI ARABIA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                                    TABLE 179 SAUDI ARABIA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                                    TABLE 180 SAUDI ARABIA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                                    TABLE 181 SAUDI ARABIA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                                    TABLE 182 SAUDI ARABIA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        12.6.3.3 UAE
                                     12.6.3.3.1 Technological advancement and infrastructure development to drive market
                                                    TABLE 183 UAE: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                                                    TABLE 184 UAE: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                                                    TABLE 185 UAE: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                                                    TABLE 186 UAE: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                                                    TABLE 187 UAE: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                                    TABLE 188 UAE: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.6.4 REST OF MIDDLE EAST
                        TABLE 189 REST OF MIDDLE EAST: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 190 REST OF MIDDLE EAST: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 191 REST OF MIDDLE EAST: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 192 REST OF MIDDLE EAST: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 193 REST OF MIDDLE EAST: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 194 REST OF MIDDLE EAST: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     12.7 REST OF THE WORLD (ROW) 
             12.7.1 ROW: RECESSION IMPACT ANALYSIS
             12.7.2 PESTLE ANALYSIS
                        FIGURE 46 ROW: ACTUATORS MARKET SNAPSHOT
                        TABLE 195 ROW: ACTUATORS MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 196 ROW: ACTUATORS MARKET, BY REGION, 2024–2029 (USD MILLION)
                        TABLE 197 ROW: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 198 ROW: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 199 ROW: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 200 ROW: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 201 ROW: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 202 ROW: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 203 ROW: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 204 ROW: ACTUATORS MARKET IN ROBOTICS, BY APPLICATION, 2024–2029 (USD MILLION)
                        TABLE 205 ROW: ACTUATORS MARKET, BY TYPE, 2020–2023 (USD MILLION)
                        TABLE 206 ROW: ACTUATORS MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.7.3 LATIN AMERICA
                        TABLE 207 LATIN AMERICA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 208 LATIN AMERICA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 209 LATIN AMERICA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 210 LATIN AMERICA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 211 LATIN AMERICA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 212 LATIN AMERICA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             12.7.4 AFRICA
                        TABLE 213 AFRICA: ACTUATORS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 214 AFRICA: ACTUATORS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                        TABLE 215 AFRICA: ACTUATORS MARKET, BY ACTUATION, 2020–2023 (USD MILLION)
                        TABLE 216 AFRICA: ACTUATORS MARKET, BY ACTUATION, 2024–2029 (USD MILLION)
                        TABLE 217 AFRICA: ACTUATORS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                        TABLE 218 AFRICA: ACTUATORS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 255)
     13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 219 STRATEGIES ADOPTED BY KEY PLAYERS, 2023–2024
     13.2 RANKING OF LEADING PLAYERS, 2022 
             FIGURE 47 RANKING OF LEADING PLAYERS IN ACTUATORS MARKET, 2022
     13.3 REVENUE ANALYSIS, 2018–2022 
             FIGURE 48 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2022
     13.4 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2022 
             FIGURE 49 SHARE ANALYSIS OF LEADING PLAYERS IN ACTUATORS MARKET, 2022
             TABLE 220 ACTUATORS MARKET: DEGREE OF COMPETITION
     13.5 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 50 COMPANY VALUATION (USD BILLION), 2022
             FIGURE 51 FINANCIAL METRICS (ENTERPRISE VALUE/EBITDA), 2022
     13.6 COMPANY EVALUATION MATRIX, 2022 
             13.6.1 STARS
             13.6.2 EMERGING LEADERS
             13.6.3 PERVASIVE PLAYERS
             13.6.4 PARTICIPANTS
                        FIGURE 52 ACTUATORS MARKET: COMPANY EVALUATION MATRIX, 2022
             13.6.5 COMPANY FOOTPRINT
                        FIGURE 53 COMPANY FOOTPRINT
                        TABLE 221 ACTUATION FOOTPRINT
                        TABLE 222 ACTUATOR TYPE FOOTPRINT
                        TABLE 223 COMPANY REGION FOOTPRINT
     13.7 ACTUATORS MARKET STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE EVALUATION MATRIX 
             13.7.1 PROGRESSIVE COMPANIES
             13.7.2 RESPONSIVE COMPANIES
             13.7.3 DYNAMIC COMPANIES
             13.7.4 STARTING BLOCKS
                        FIGURE 54 ACTUATORS MARKET: STARTUP/SME EVALUATION MATRIX, 2022
             13.7.5 COMPETITIVE BENCHMARKING
                        TABLE 224 KEY STARTUPS/SMES
                        TABLE 225 ACTUATORS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.8 PRODUCT/BRAND COMPARISON 
                        TABLE 226 PRODUCT COMPARISON OF DIFFERENT ACTUATOR MANUFACTURERS
     13.9 COMPETITIVE SCENARIO 
             13.9.1 PRODUCT LAUNCHES
                        TABLE 227 ACTUATORS MARKET: PRODUCT LAUNCHES, JANUARY 2020–MARCH 2024
             13.9.2 DEALS
                        TABLE 228 ACTUATORS MARKET: DEALS, JANUARY 2020–MARCH 2024
             13.9.3 OTHER DEVELOPMENTS
                        TABLE 229 ACTUATORS MARKET: OTHER DEVELOPMENTS, JANUARY 2020–MARCH 2024
 
14 COMPANY PROFILES (Page No. - 278)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     14.1 INTRODUCTION 
     14.2 KEY PLAYERS 
             14.2.1 EMERSON ELECTRIC
                        TABLE 230 EMERSON ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 55 EMERSON ELECTRIC: COMPANY SNAPSHOT
                        TABLE 231 EMERSON ELECTRIC: PRODUCTS OFFERED
                        TABLE 232 EMERSON ELECTRIC: PRODUCT LAUNCHES
                        TABLE 233 EMERSON ELECTRIC.: DEALS
             14.2.2 ROCKWELL AUTOMATION
                        TABLE 234 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
                        FIGURE 56 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                        TABLE 235 ROCKWELL AUTOMATION: PRODUCTS OFFERED
             14.2.3 PARKER HANNIFIN CORPORATION
                        TABLE 236 PARKER HANNIFIN CORPORATION: BUSINESS OVERVIEW
                        FIGURE 57 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 237 PARKER HANNIFIN CORPORATION: PRODUCTS OFFERED
             14.2.4 ABB LTD.
                        TABLE 238 ABB: BUSINESS OVERVIEW
                        FIGURE 58 ABB: COMPANY SNAPSHOT
                        TABLE 239 ABB: PRODUCTS OFFERED
             14.2.5 SMC CORPORATION
                        TABLE 240 SMC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 59 SMC CORPORATION: COMPANY SNAPSHOT
                        TABLE 241 SMC CORPORATION: PRODUCTS OFFERED
                        TABLE 242 SMC CORPORATION: PRODUCT LAUNCHES
             14.2.6 MOOG INC.
                        TABLE 243 MOOG INC.: BUSINESS OVERVIEW
                        FIGURE 60 MOOG INC.: COMPANY SNAPSHOT
                        TABLE 244 MOOG INC.: PRODUCTS OFFERED
             14.2.7 CURTISS-WRIGHT CORPORATION
                        TABLE 245 CURTISS-WRIGHT CORPORATION: BUSINESS OVERVIEW
                        FIGURE 61 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT
                        TABLE 246 CURTISS-WRIGHT CORPORATION: PRODUCTS OFFERED
                        TABLE 247 CURTISS-WRIGHT CORPORATION: DEALS
                        TABLE 248 CURTISS-WRIGHT CORPORATION: OTHER DEVELOPMENTS
             14.2.8 REGAL REXNORD
                        TABLE 249 REGAL REXNORD: BUSINESS OVERVIEW
                        FIGURE 62 REGAL REXNORD: COMPANY SNAPSHOT
                        TABLE 250 REGAL REXNORD: PRODUCTS OFFERED
                        TABLE 251 REGAL REXNORD: PRODUCT LAUNCHES
                        TABLE 252 REGAL REXNORD: DEALS
             14.2.9 ROTORK GROUP
                        TABLE 253 ROTORK GROUP: BUSINESS OVERVIEW
                        FIGURE 63 ROTORK GROUP: COMPANY SNAPSHOT
                        TABLE 254 ROTORK GROUP: PRODUCTS OFFERED
                        TABLE 255 ROTORK GROUP: DEALS
             14.2.10 SKF GROUP
                        TABLE 256 SKF GROUP: BUSINESS OVERVIEW
                        FIGURE 64 SKF GROUP: COMPANY SNAPSHOT
                        TABLE 257 SKF GROUP: PRODUCTS OFFERED
             14.2.11 MISUMI GROUP INC.
                        TABLE 258 MISUMI GROUP INC.: BUSINESS OVERVIEW
                        FIGURE 65 MISUMI GROUP INC.: COMPANY SNAPSHOT
                        TABLE 259 MISUMI GROUP INC.: PRODUCTS OFFERED
             14.2.12 IMI PLC
                        TABLE 260 IMI PLC: BUSINESS OVERVIEW
                        FIGURE 66 IMI PLC: COMPANY SNAPSHOT
                        TABLE 261 IMI PLC: PRODUCTS OFFERED
                        TABLE 262 IMI PLC: DEALS
             14.2.13 EATON CORPORATION
                        TABLE 263 EATON CORPORATION: BUSINESS OVERVIEW
                        FIGURE 67 EATON CORPORATION: COMPANY SNAPSHOT
                        TABLE 264 EATON CORPORATION: PRODUCTS OFFERED
             14.2.14 TOLOMATIC
                        TABLE 265 TOLOMATIC: BUSINESS OVERVIEW
                        TABLE 266 TOLOMATIC: PRODUCTS OFFERED
                        TABLE 267 TOLOMATIC: PRODUCT LAUNCHES
             14.2.15 VENTURE MFG. CO.
                        TABLE 268 VENTURE MFG. CO.: BUSINESS OVERVIEW
                        TABLE 269 VENTURE MFG. CO.: PRODUCTS OFFERED
     14.3 OTHER PLAYERS 
             14.3.1 INTELLIGENT ACTUATOR, INC.
                        TABLE 270 INTELLIGENT ACTUATOR, INC.: COMPANY OVERVIEW
             14.3.2 HARMONIC DRIVE LLC
                        TABLE 271 HARMONIC DRIVE LLC: COMPANY OVERVIEW
             14.3.3 NOOK INDUSTRIES, INC.
                        TABLE 272 NOOK INDUSTRIES, INC.: COMPANY OVERVIEW
             14.3.4 SHOGHI COMMUNICATION LTD.
                        TABLE 273 SHOGHI COMMUNICATION LTD.: COMPANY OVERVIEW
             14.3.5 DVG AUTOMATION SPA
                        TABLE 274 DVG AUTOMATION SPA: COMPANY OVERVIEW
             14.3.6 MACRON DYNAMICS
                        TABLE 275 MACRON DYNAMICS: COMPANY OVERVIEW
             14.3.7 ROTOMATION INC.
                        TABLE 276 ROTOMATION INC.: COMPANY OVERVIEW
             14.3.8 PEGASUS ACTUATORS GMBH
                        TABLE 277 PEGASUS ACTUATORS GMBH: COMPANY OVERVIEW
             14.3.9   Kinitics Automation
                        TABLE 278 KINITICS AUTOMATION: COMPANY OVERVIEW
             14.3.10 FESTO
                        TABLE 279 FESTO: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
15 APPENDIX (Page No. - 344)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 
 

 

This research study conducted on the actuators market involved substantial use of secondary sources, directories, and databases such as D&B Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the actuators market. Primary sources considered included experts from core and related industries and preferred distributors manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this industry. In-depth interviews of various primary respondents were conducted to obtain and verify critical qualitative and quantitative information relevant to the actuators market as well as assess the growth prospects of the market during the forecast period.

Secondary Research

The ranking analysis of companies in the Actuators market was carried out using secondary data from paid and unpaid sources, as well as by analyzing the product portfolios and service offerings of key companies operating in the market. These companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred for this research study included the conference of American Meteorological Society on Weather analysis and forecasting, corporate filings such as annual reports, investor presentations, and financial statements of trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the Actuators market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from Actuators companies; service providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using Actuators, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of Actuators and future outlook of their business which will affect the overall market.

Actuators Market
 Size, and Share

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

Market Size Estimation

The research methodology used to estimate the size of the Actuators market includes the following details.

  • The 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 includes the following details.
  • The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), 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, analyzed by MarketsandMarkets, and presented in this report.

Actuators Market Size: Bottom-Up Approach

Actuators Market
 Size, and Bottom-Up Approach

The bottom-up approach was employed to arrive at the overall size of the Actuators market from the revenues of the key players in the market.

All types of actuators used in industrial automation, robotics, and vehicles and equipment applications from 2020 to 2029 were considered and analyzed to estimate the overall size of the actuators market. The demand for actuators in robotics was identified from the estimated robot deliveries expected to take place during the forecast period. The share of actuators used in industrial automation was derived by calculating the expenditure for carrying out industrial automation across different geographies.
The total share of actuators in industrial automation was multiplied by the total expenditure for carrying out industrial automation across different geographies to estimate the size of the actuators market in industrial automation. Similarly, sales data of industrial robots and service robots was estimated and multiplied by the average selling price of each category of robots to arrive at the final numbers. These numbers were then multiplied to the final numbers to obtain the size of the actuators market in robotics. The numbers obtained from the individual analysis of industrial automation, robotics, and vehicles and equipment were added to obtain the size of the actuators market.
Size of the actuators market = {(expenditure on industrial automation)*(share of actuators used to carry out industrial automation)} + {(total sales of robotics)*(share of actuators in industrial automation)} + {(expenditure on actuators used in vehicles and equipment)*(share of actuators used to carry out automation of vehicles and equipment)}

Global Actuators Market Size: Top-Down Approach

  • In the top-down approach, the overall market size was used to estimate the size of individual markets (mentioned in the market segmentation) acquired through percentage splits from secondary and primary research.
  • For the calculation of specific market segments, the size of the most appropriate, immediate parent market was used to implement the top-down approach.
  • The bottom-up approach was also implemented to validate the revenues obtained for various market segments.

Actuators Market
 Size, and Top-Down Approach

Data Triangulation

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

Market Definition

Actuators are devices that convert energy into motion and are 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 are available in various types and sizes, depending on the application areas. Actuators are used in manufacturing or industrial applications and also in devices such as valves, motors, switches, industrial fans, blowers and pumps, machine tools, household appliances, power tools, and disk drives.

Report Objectives

  • To analyze the actuators market and provide projections for it from 2024 to 2029
  • To define, describe, and forecast the size of the market by vertical, application, type, actuation, and region
  • To understand the market structure by identifying its various subsegments
  • To provide in-depth intelligence regarding the dynamics and the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To analyze opportunities in the market for stakeholders by identifying key trends
  • To forecast the market size of segments with respect to major countries
  • To analyze competitive developments such as new product launches, contracts, mergers & acquisitions, partnerships, agreements, and collaborations in the market
  • To provide a detailed competitive landscape of the actuatorssystems market, along with an analysis of the strategies adopted by key market players
  • To analyze micromarkets1 with respect to individual technological trends, prospects, and their contribution to the overall market
  • To strategically profile key market players and comprehensively analyze their market rank analysis and core competencies2

Key Stakeholders

  • Manufacturers of Actuators
  • Wholesalers, Retailers, and Distributors of Actuators
  • System Integrators
  • Research Bodies
  • Technology Support Providers
  • Manufacturers of Subcomponents
  • Raw Material Suppliers

Available Customizations

MarketsAndMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the Actuators market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Actuators market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Mar, 2024
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