Actuators Market

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

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

Actuators Market

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

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

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

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

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

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

Actuators Market

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

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

Key Market Players

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

Recent Developments

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

Key Questions addressed by the report

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

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

Table of Contents

1 Introduction (Page No. - 22)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 26)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Definition & Scope
           2.3.1 Segments and Subsegments
           2.3.2 Segment Definitions
                    2.3.2.1 Actuators Market, By Actuation
                    2.3.2.2 Actuators Market, By Type
                    2.3.2.3 Actuators Market, By Application
                    2.3.2.4 Actuators Market, By Vertical
    2.4 Research Approach & Methodology
           2.4.1 Bottom-Up Approach
           2.4.2 Regional Actuators Market
           2.4.3 General Approach for the Actuators Market
           2.4.4 Actuators Market, By Actuation
           2.4.5 Actuators Market, By Type
           2.4.6 Actuators Market, By Application
           2.4.7 Actuators Market, By Vertical
           2.4.8 Top-Down Approach
    2.5 Data Triangulation & Validation
           2.5.1 Data Triangulation Through Secondary Research
           2.5.2 Data Triangulation Through Primaries
    2.6 Research Assumptions
           2.6.1 Market Sizing
           2.6.2 Market Forecasting
    2.7 Risks
    2.8 Others
           2.8.1 Limitations/Gray Areas

3 Executive Summary (Page No. - 39)

4 Premium Insights (Page No. - 42)
    4.1 Attractive Opportunities in Actuators Market
    4.2 Actuators Market, By Actuation
    4.3 Actuators Market, By Type
    4.4 Actuators Market, By Region

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Ongoing Technological Advancements in Actuators
                    5.2.1.2 Increasing Number of Air Passengers and New Aircraft Deliveries
                    5.2.1.3 Growing Investments to Carry Out Process Automation in End-Use Industries of Emerging Economies
           5.2.2 Restraints
                    5.2.2.1 Continuous Upheavals in the Oil & Gas Industry and Volatility in the Price of Crude Oil
           5.2.3 Opportunities
                    5.2.3.1 Demand for New and Advanced Actuators in Different Verticals
                    5.2.3.2 Development of Smart Cities Across the Globe
           5.2.4 Challenges
                    5.2.4.1 Power Consumption, Noise, and Leakage Issues

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Evolution
    6.3 Technology Trends
           6.3.1 Amplified Piezoelectric Actuators
           6.3.2 Smart Actuators
           6.3.3 Hybrid Actuators
           6.3.4 Vacuum Actuators
           6.3.5 Explosion-Proof Actuators
           6.3.6 Voice Coil Actuators
           6.3.7 Micro-Electro-Mechanical System (MEMS) Actuators
    6.4 Safety Standards and Selection Criteria for Actuators
    6.5 Patent Analysis, 2012–2017

7 Actuators Market, By Actuation (Page No. - 56)
    7.1 Introduction
    7.2 Electrical
           7.2.1 Increased Use of Electrical Actuators in Different Industries to Boost Their Demand Across the Globe
    7.3 Hydraulic
           7.3.1 Hydraulic Actuators are Increasingly Being Used in High-Force Applications
    7.4 Pneumatic
           7.4.1 Use of Pneumatic Actuators in Food & Beverages and Oil & Gas Industries to Fuel Their Demand Across the Globe
    7.5 Others
           7.5.1 Piezoelectric Actuators to Witness an Increased Demand During the Forecast Period

8 Actuators Market, By Application (Page No. - 61)
    8.1 Introduction
    8.2 Industrial Automation
    8.3 Robotics
           8.3.1 Industrial Robots
           8.3.2 Service Robots
    8.4 Vehicles and Equipment

9 Actuators Market, By Type (Page No. - 68)
    9.1 Introduction
    9.2 Linear Actuators
           9.2.1 Rod Type Linear Actuators
                    9.2.1.1 Increasing Use of Rodless Type Linear Actuators in Aircraft Structures to Carry Loads Expected to Contribute to Their Demand
           9.2.2 Screw Type Linear Actuators
                    9.2.2.1 Growing Use of Screw Type Linear Actuators With Servomotors in Drive and Control Hardware and Sensors to Fuel Their Demand
           9.2.3 Belt Type Linear Actuators
                    9.2.3.1 Use of Belt Type Linear Actuators is Rising to Increase the Operational Efficiency of Process Automation
    9.3 Rotary Actuators
           9.3.1 Motors
                    9.3.1.1 Surging Sales of Industrial Robots to Fuel the Demand for Motor Rotary Actuators During the Forecast Period
           9.3.2 Bladder & Vane
                    9.3.2.1 Increasing Use of Bladder & Vane Rotary Actuators in Gates and Valves Used in the Process Industry to Contribute to A Rise in Their Demand
           9.3.3 Piston Type
                    9.3.3.1 Growing Use of Piston Type Rotary Actuators for Precision Control Applications in the Electronics Industry Expected to Fuel Their Demand

10 Actuators Market, By Vertical (Page No. - 74)
     10.1 Introduction
     10.2 Food & Beverages
             10.2.1 Requirement for Increased Automation and Capacity Enhancement of Existing Food & Beverages Plants Expected to Fuel Growth of Actuators Market for Food & Beverages
     10.3 Oil & Gas
             10.3.1 Increase in Oil & Gas Exploration Activities in Asia Pacific to Drive Growth of Actuators Market for Oil & Gas
     10.4 Metals, Mining, and Machinery
             10.4.1 Requirement for Robust Actuators in Mining Industry to Drive Growth of Actuators Market for Metals, Mining, and Machinery
     10.5 Power Generation
             10.5.1 Increased Spending on Renewable Sources of Energy for Power Generation is Expected to Increase Demand for Actuators Across the Globe
     10.6 Chemicals, Paper, and Plastics
             10.6.1 Rapid Industrialization and Stringent Implementation of Environmental Regulations are Driving Growth of Actuators Market for Chemicals, Paper, and Plastics
     10.7 Pharmaceutical & Healthcare
             10.7.1 Stringent Regulations for Hygiene and Increased Demand for Surgical Robots in Healthcare Industry Contributing to Growth of Actuators Market for Pharmaceutical & Healthcare
     10.8 Automotive
             10.8.1 Increased Demand for Industrial Robots in Automotive Sector to Drive Growth of Actuators Market for Automotive
     10.9 Aerospace & Defense
             10.9.1 Rise in Defense Expenditures, Increase in Commercial Aviation, and Increase in Number of Military Modernization Programs Fueling Growth of Actuators Market for Aerospace & Defense
     10.10 Marine
             10.10.1 Increased Demand for Actuators for Commercial Shipbuilding Contributing to Growth of Actuators Market for Marine
     10.11 Electronics & Electrical
             10.11.1 Continuously Increasing Demand for Batteries, Chips, and Displays Leading to Growth of Actuators Market for Electronics & Electrical
     10.12 Construction
             10.12.1 Increased Demand for Electrical Linear Actuators in Construction Industry for Lifting and Material Handling Applications to Fuel Growth of Actuators Market for Construction
     10.13 Utilities
             10.13.1 Increased Demand for Logistics, Agriculture, and Field Robots Driving Growth of Actuators Market for Utilities
     10.14 Household & Entertainment
             10.14.1 Increased Demand for Service Robots in Domestic Applications Leading to Growth of Actuators Market for Household & Entertainment
     10.15 Agriculture
             10.15.1 Growing Adoption of Mechanization and Increasing Government Support Leading to Growth of Actuators Market for Agriculture

11 Regional Analysis (Page No. - 90)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 UK
             11.3.4 Italy
             11.3.5 Switzerland
             11.3.6 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 South Korea
             11.4.5 Taiwan
             11.4.6 Rest of Asia Pacific
     11.5 Rest of the World (RoW)
             11.5.1 Middle East
             11.5.2 Latin America
             11.5.3 Africa

12 Competitive Landscape and Customer Analysis (Page No. - 127)
     12.1 Introduction
     12.2 OEM Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies
     12.3 Ranking of Key Players, 2018
     12.4 Competitive Scenario
             12.4.1 New Product Launches
             12.4.2 Acquisitions
             12.4.3 Contracts
             12.4.4 Partnerships/Collaborations

13 Customer Analysis (Page No. - 139)
     13.1 Objectives
     13.2 Introduction
             13.2.1 Fourth Industrial Revolution (Industry 4.0)
             13.2.2 Consumer Buying Process
             13.2.3 Prominent Companies:
             13.2.4 Small and Medium Enterprises:
     13.3 Customer Actuator Selection Criteria
     13.4 Testing
             13.4.1 Selection Criteria
             13.4.2 Problems Related to the Actuators/Actuation Systems Faced By Customers in the Testing Industry
     13.5 Food & Beverage Industry
             13.5.1 Selection Criteria
             13.5.2 Major Problems Related to Actuator/Actuation Systems Faced By Customers in F&B Industry
             13.5.3 Application Areas of Actuators Being Used in F&B Industry
             13.5.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.5.5 The Major Actuator/ Actuation System Buyers in F&B Industry
             13.5.6 Major Actuator Suppliers for F&B Industry
     13.6 Chemical Industry
             13.6.1 Selection Criteria
             13.6.2 Application Areas Wherein Actuators are Being Used in Chemical Industry
             13.6.3 Problems Related to Actuators/Actuation Systems Faced By Customers in Chemical Industry
             13.6.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.6.5 Major Actuator/Actuation System Buyers in Chemical Industry
             13.6.6 Major Actuator Suppliers for This Industry
     13.7 Metals and Mining Industry
             13.7.1 Selection Criteria
             13.7.2 Application Areas Where Actuators are Being Used in Metals & Mining Industry
             13.7.3 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.7.4 Major Actuator/Actuation System Buyers in Metals & Mining Industry
             13.7.5 Which Companies are the Major Actuator Suppliers for This Industry?
     13.8 Manufacturing & Construction Industry
             13.8.1 Selection Criteria
             13.8.2 Major Problems Related to Actuators/Actuation Systems Faced By Customers in Manufacturing & Construction Industry
             13.8.3 What are the Different Application Areas Wherein Actuators are Being Used in Manufacturing & Construction Industry?
             13.8.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.8.5 Major Actuator/Actuation System Buyers in Manufacturing & Construction Industry
             13.8.6 Major Actuator Suppliers for Manufacturing & Construction Industry
     13.9 Pharmaceutical and Health Care
             13.9.1 Selection Criteria
             13.9.2 Actuators/Actuation Systems Faced By the Customers in Pharmaceuticals Industry
             13.9.3 Application Areas Wherein Actuators are Being Used in Pharmaceuticals Industry
             13.9.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.9.5 The Major Actuator/System Buyers in Pharmaceuticals Industry
             13.9.6 Major Actuator Suppliers for Pharmaceuticals Industry
     13.10 Pulp and Paper Industry
             13.10.1 Selection Criteria
             13.10.2 Major Problems Related to Actuators/Actuation Systems Faced By Customers in Pulp & Paper Industry
             13.10.3 Different Application Areas Where Actuators are Being Used in Pulp & Paper Industry
             13.10.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.10.5 Major Actuator/Actuation System Buyers in Pulp & Paper Industry
             13.10.6 Major Actuator Suppliers for Pulp & Paper Industry?
     13.11 Water Treatment
             13.11.1 Selection Criteria
             13.11.2 Major Problems Related to Actuators/Actuation Systems Faced By Customers Water Treatment Industry
             13.11.3 Applications, Wherein Actuators are Used in Water Treatment Industry
             13.11.4 Factors Affecting the Demand for Actuators in This Industry in the Next 3 to 5 Years
             13.11.5 Which Companies are Major Buyers of Actuators/Actuation Systems in Water Treatment Industry?
             13.11.6 Companies are the Major Actuator Suppliers for Water Treatment Industry
     13.12 Oil & Gas
             13.12.1 Selection Criteria
             13.12.2 Application Areas for Actuators in the Oil & Gas Industry
             13.12.3 Major Problems Related to Actuators/Actuation Systems Faced By the Customers in Oil & Gas Industry
             13.12.4 Actuators in the Next Three to Five Years
             13.12.5 Major Suppliers of Actuators for the Oil & Gas Industry.
             13.12.6 Major Certifications Required for Actuators for the Oil & Gas Industry.
             13.12.7 Major Actuator Buyers in the Oil & Gas Industry.
     13.13 Aerospace
             13.13.1 Selection Criteria
             13.13.2 Major Problems Related to Actuator/Actuation Systems Faced By the Customers in Aerospace Industry
             13.13.3 Application Areas Where Actuators are Being Used in Aerospace Industry
             13.13.4 Different Application Areas Within Flight Controls Where Actuators are Used
             13.13.5 Application Areas Within Flight Controls Where Linear Actuators are Used
             13.13.6 Changing Actuator Requirements in Furture
             13.13.7 Major Suppliers of Linear Actuators for the Aerospace Industry
             13.13.8 Major Buyers of Linear Actuators in the Aerospace Industry
     13.14 Defense
             13.14.1 Selection Criteria
             13.14.2 Advantages of Actuators in Defense
             13.14.3 Problems Related to the Actuators/Actuation Systems Faced By Customers in the Defense Industry
             13.14.4 Major Suppliers of Linear Actuators in the Defense Industry
     13.15 Power Generation
             13.15.1 Selection Criteria
             13.15.2 Applications for Which Actuators are Used.
             13.15.3 Application Areas for Actuators in the Power Generation Industry
             13.15.4 Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years?
             13.15.5 Customer Expectations for Actuators and Related Systems Suppliers Regarding Maintenance and Support
             13.15.6 6major Suppliers of Linear Actuators for the Power Generation Industry
             13.15.7 Major Buyers of Linear Actuators in the Power Generation Industry
     13.16 Automotive Industry
             13.16.1 Selection Criteria
             13.16.2 Application Areas for Actuators in the Automotive Industry
             13.16.3 Problems Related to Actuators/Actuation Systems Faced By the Customers in This Industry
             13.16.4 Important Factors That Will Affect the Demand for Actuators During the Next 3 to 5 Years
             13.16.5 Major Suppliers of Linear Actuators for the Automotive Industry

14 Company Profiles (Page No. - 184)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Introduction
     14.2 Rockwell Automation
     14.3 Moog
     14.4 SMC
     14.5 Curtis Wright (Exlar)
     14.6 ABB
     14.7 IMI PLC
     14.8 Altra Industrial Motion
     14.9 Tolomatic
     14.10 Venture Mfg. Co.
     14.11 IAI
     14.12 SKF
     14.13 Harmonic Drive LLC
     14.14 Nook Industries, Inc.
     14.15 Kollmorgen
     14.16 Misumi Group Inc.
     14.17 DVG Automation
     14.18 Macron Dynamics
     14.19 Rotomation
     14.20 Cedrat Technologies
     14.21 Kinitics Automation
     14.22 Festo

*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. - 236)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details


List of Tables (137 Tables)

Table 1 Actuators Market, By Actuation, 2017–2024 (USD Billion)
Table 2 Electrical Actuators Market, By Region, 2017–2024 (USD Billion)
Table 3 Hydraulic Actuators Market, By Region, 2017–2024 (USD Billion)
Table 4 Pneumatic Actuators Market, By Region, 2017–2024 (USD Billion)
Table 5 Other Actuators Market, By Region, 2017–2024 (USD Billion)
Table 6 Actuators Market, By Application, 2017–2024 (USD Billion)
Table 7 Actuators Market in Industrial Automation, By Region, 2017–2024 (USD Billion)
Table 8 Actuators Market in Industrial Automation, By Vertical, 2017–2024 (USD Million)
Table 9 Actuators Market in Robotics, By Region, 2017–2024 (USD Billion)
Table 10 Actuators Market in Robotics, By End Use, 2017–2024 (USD Billion)
Table 11 Actuators Market in Robotics, By Vertical, 2017–2024 (USD Million)
Table 12 Actuators Market in Vehicles and Equipment, By Region, 2017–2024 (USD Billion)
Table 13 Actuators Market in Vehicles and Equipment, By Vertical, 2017–2024 (USD Million)
Table 14 Actuators Market, By Type, 2017–2024 (USD Billion)
Table 15 Linear Actuators Market, By Region, 2017–2024 (USD Billion)
Table 16 Linear Actuators Market, By Type, 2017–2024 (USD Billion)
Table 17 Rotary Actuators Market, By Region, 2017–2024 (USD Billion)
Table 18 Rotary Actuators Market, By Type, 2017–2024 (USD Billion)
Table 19 Actuators Market, By Vertical, 2017–2024 (USD Billion)
Table 20 Actuators Market for Food & Beverages, By Region, 2017–2024 (USD Million)
Table 21 Actuators Market for Food & Beverages, By Application, 2017–2024 (USD Billion)
Table 22 Actuators Market for Oil & Gas, By Region, 2017–2024 (USD Million)
Table 23 Actuators Market for Oil & Gas, By Application, 2017–2024 (USD Million)
Table 24 Actuators Market for Metals, Mining, and Machinery, By Region, 2017–2024 (USD Million)
Table 25 Actuators Market for Metals, Mining, and Machinery, By Application, 2017–2024 (USD Million)
Table 26 Actuators Market for Power Generation, By Region, 2017–2024 (USD Million)
Table 27 Actuators Market for Power Generation, By Application, 2017–2024 (USD Million)
Table 28 Actuators Market for Chemicals, Paper, and Plastics, By Region, 2017–2024 (USD Million)
Table 29 Actuators Market for Chemicals, Paper, and Plastics, By Application, 2017–2024 (USD Million)
Table 30 Actuators Market for Pharmaceutical & Healthcare, By Region, 2017–2024 (USD Million)
Table 31 Actuators Market for Pharmaceutical & Healthcare, By Application, 2017–2024 (USD Million)
Table 32 Actuators Market for Automotive, By Region, 2017–2024 (USD Million)
Table 33 Actuators Market for Automotive, By Application, 2017–2024 (USD Million)
Table 34 Actuators Market for Aerospace & Defense, By Region, 2017–2024 (USD Million)
Table 35 Actuators Market for Aerospace & Defense, By Application, 2017–2024 (USD Million)
Table 36 Actuators Market for Marine, By Region, 2017–2024 (USD Million)
Table 37 Actuators Market for Marine, By Application, 2017–2024 (USD Million)
Table 38 Actuators Market for Electronics & Electrical, By Region, 2017–2024 (USD Million)
Table 39 Actuators Market for Electronics & Electrical, By Application, 2017–2024 (USD Million)
Table 40 Actuators Market for Construction, By Region, 2017–2024 (USD Million)
Table 41 Actuators Market for Construction, By Application, 2017–2024 (USD Million)
Table 42 Actuators Market for Utilities, By Region, 2017–2024 (USD Million)
Table 43 Actuators Market for Utilities, By Application, 2017–2024 (USD Million)
Table 44 Actuators Market for Household & Entertainment, By Region, 2017–2024 (USD Million)
Table 45 Actuators Market for Household & Entertainment, By Application, 2017–2024 (USD Million)
Table 46 Actuators Market for Agriculture, By Region, 2017–2024 (USD Million)
Table 47 Actuators Market, By Region, 2017–2024 (USD Billion )
Table 48 North America Actuators Market, By Type, 2017–2024 (USD Million)
Table 49 North America Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 50 North America Actuators Market, By Application, 2017–2024 (USD Million)
Table 51 North America Actuators Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 52 North America Actuators Market, By Application, By Robotics, 2017–2024 (USD Million)
Table 53 North America Actuators Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 54 North America Actuators Market, By Vertical, 2017–2024 (USD Million)
Table 55 North America Actuators Market, By Country, 2017–2024 (USD Billion )
Table 56 US Actuators Market, By Type, 2017–2024 (USD Million)
Table 57 US Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 58 US Actuators Market, By Application, 2017–2024 (USD Million)
Table 59 Canada Actuators Market, By Type, 2017–2024 (USD Million)
Table 60 Canada Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 61 Canada Actuators Market, By Application, 2017–2024 (USD Million)
Table 62 Mexico Actuators Market, By Type, 2017–2024 (USD Million)
Table 63 Mexico Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 64 Mexico Actuators Market, By Application, 2017–2024 (USD Million)
Table 65 Europe Actuators Market, By Type, 2017–2024 (USD Million)
Table 66 Europe Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 67 Europe Actuators Market, By Application, 2017–2024 (USD Million)
Table 68 Europe Actuators Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 69 Europe Actuators Market, By Application, By Robotics , 2017–2024 (USD Million)
Table 70 Europe Actuators Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 71 Europe Actuators Market, By Vertical, 2017–2024 (USD Miillion)
Table 72 Europe Actuators Market, By Country, 2017–2024 (USD Billion )
Table 73 Germany Actuators Market, By Type, 2017–2024 (USD Million)
Table 74 Germany Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 75 Germany Actuators Market, By Application, 2017–2024 (USD Million)
Table 76 France Actuators Market, By Type, 2017–2024 (USD Million)
Table 77 France Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 78 France Actuators Market, By Application, 2017–2024 (USD Million)
Table 79 UK Actuators Market, By Type, 2017–2024 (USD Million)
Table 80 UK Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 81 UK Actuators Market, By Application, 2017–2024 (USD Million)
Table 82 Italy Actuators Market, By Type, 2017–2024 (USD Million)
Table 83 Italy Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 84 Italy Actuators Market, By Application, 2017–2024 (USD Million)
Table 85 Switzerland Actuators Market, By Type, 2017–2024 (USD Million)
Table 86 Switzerland Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 87 Switzerland Actuators Market, By Application, 2017–2024 (USD Million)
Table 88 Rest of Europe Actuators Market, By Type, 2017–2024 (USD Million)
Table 89 Rest of Europe Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 90 Rest of Europe Actuators Market, By Application, 2017–2024 (USD Million)
Table 91 Asia Pacific Actuators Market, By Type, 2017–2024 (USD Million)
Table 92 Asia Pacific Actuators Market, By Actuation, 2017–2024 (USD Miillion)
Table 93 Asia Pacific Actuators Market, By Application, 2017–2024 (USD Million)
Table 94 Asia Pacific Actuators Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 95 Asia Pacific Actuators Market, By Application, By Robotics , 2017–2024 (USD Million)
Table 96 Asia Pacific Actuators Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 97 Asia Pacific Actuators Market, By Vertical, 2017–2024 (USD Million)
Table 98 Asia Pacific Actuators Market, By Country, 2017–2024 (USD Billion )
Table 99 China Actuators Market, By Type, 2017–2024 (USD Million)
Table 100 China Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 101 China Actuators Market, By Application, 2017–2024 (USD Million)
Table 102 Japan Actuators Market, By Type, 2017–2024 (USD Million)
Table 103 Japan Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 104 Japan Actuators Market, By Application, 2017–2024 (USD Million)
Table 105 India Actuators Market, By Type, 2017–2024 (USD Million)
Table 106 India Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 107 India Actuators Market, By Application, 2017–2024 (USD Million)
Table 108 South Korea Actuators Market, By Type, 2017–2024 (USD Million)
Table 109 South Korea Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 110 South Korea Actuators Market, By Application, 2017–2024 (USD Million)
Table 111 Taiwan Actuators Market, By Type, 2017–2024 (USD Miillion)
Table 112 Taiwan Actuators Market, By Actuation, 2017–2024 (USD Million)
Table 113 Taiwan Actuators Market, By Application, 2017–2024 (USD Million)
Table 114 Rest of Asia Pacific Actuators Market, By Type, 2017–2024 (USD Million )
Table 115 Rest of Asia Pacific Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 116 Rest of Asia Pacific Actuators Market, By Application, 2017–2024 (USD Million )
Table 117 RoW Actuators Market, By Type, 2017–2024 (USD Million )
Table 118 RoW Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 119 RoW Actuators Market, By Application, 2017–2024 (USD Million )
Table 120 RoW Actuators Market, By Application, By Industrial Automation , 2017–2024 (USD Million)
Table 121 RoW Actuators Market, By Application, By Robotics , 2017–2024 (USD Million)
Table 122 RoW Actuators Market, By Application, By Vehicles and Equipment , 2017–2024 (USD Million)
Table 123 RoW Actuators Market, By Vertical, 2017–2024 (USD Million )
Table 124 RoW Actuators Market, By Region, 2017–2024 (USD Million )
Table 125 Middle East Actuators Market, By Type, 2017–2024 (USD Million )
Table 126 Middle East Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 127 Middle East Actuators Market, By Application, 2017–2024 (USD Million )
Table 128 Latin America Actuators Market, By Type, 2017–2024 (USD Million )
Table 129 Latin America Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 130 Latin America Actuators Market, By Application, 2017–2024 (USD Million )
Table 131 Africa Actuators Market, By Type, 2017–2024 (USD Million )
Table 132 Africa Actuators Market, By Actuation, 2017–2024 (USD Million )
Table 133 Africa Actuators Market, By Application, 2017–2024 (USD Million )
Table 134 New Product Launches, January 2016–December 2018
Table 135 Acquisitions, January 2016–December 2018
Table 136 Contracts, January 2016–December 2018
Table 137 Partnerships/Collaborations, January 2016–December 2018


List of Figures (52 Figures)

Figure 1 Actuators Market Segmentation
Figure 2 Regional Scope
Figure 3 Research Industry Flow
Figure 4 Actuators Market: Research Design
Figure 5 Breakdown of Primary Interviews By Company Type, Designation, and Region
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Assumptions for the Research Study
Figure 10 Household and Entertainment Segment of Actuators Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 11 Linear Segment Projected to Lead Actuators Market From 2019 to 2024
Figure 12 Electrical Segment Projected to Lead Actuators Market From 2019 to 2024
Figure 13 Asia Pacific Region Expected to Lead Actuators Market in 2019
Figure 14 Increased Global Demand for Electrical Actuators is Expected to Fuel Growth of Actuators Market From 2019 to 2024
Figure 15 Electrical Segment of Actuators Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 16 Linear Actuator Segment is Projected to Lead Actuators Market From 2019 to 2024
Figure 17 Actuators Market in Asia Pacific is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 18 Actuators Market Dynamics
Figure 19 Price of Oil & Gas, 2011–2018 (USD/Barrel)
Figure 20 Evolution of Actuators
Figure 21 Actuators Market, By Actuation, 2019 & 2024 (USD Billion)
Figure 22 Actuators Market, By Application, 2019 & 2024 (USD Billion)
Figure 23 Actuators Market, By Type, 2019 & 2024 (USD Billion)
Figure 24 Actuators Market, By Vertical, 2019 & 2024 (USD Billion)
Figure 25 Asia Pacific Estimated to Account for the Largest Share of Actuators Market in 2019
Figure 26 North America Actuators Market Snapshot
Figure 27 Europe Actuators Market Snapshot
Figure 28 Asia Pacific Actuators Market Snapshot
Figure 29 RoW Actuators Market Snapshot
Figure 30 Key Developments By Leading Players in Actuators Market Between January 2016 and December 2018
Figure 31 OEM Competitive Leadership Mapping in Actuators Market in 2019
Figure 32 Start-Up Competitive Leadership Mapping in Actuators Market in 2019
Figure 33 Market Ranking of Top Players in Actuators Market, 2018
Figure 34 Supply Chain: Direct Distribution By Prominent Firms is Prevalent in Actuators Market
Figure 35 Rockwell Automation: Company Snapshot
Figure 36 Rockwell Automation: SWOT Analysis
Figure 37 Moog: Company Snapshot
Figure 38 Moog: SWOT Analysis
Figure 39 SMC: Company Snapshot
Figure 40 SMC: SWOT Analysis
Figure 41 Curtis-Wright (Exlar): Company Snapshot
Figure 42 Curtiss Wright: SWOT Analysis
Figure 43 ABB: Company Snapshot
Figure 44 ABB: SWOT Analysis
Figure 45 IMI PLC: Company Snapshot
Figure 46 IMI PLC: SWOT Analysis
Figure 47 Altra Industrial Motion: Company Snapshot
Figure 48 Altra Industrial Motion: SWOT Analysis
Figure 49 SKF: Company Snapshot
Figure 50 SKF: SWOT Analysis
Figure 51 Misumi Group Inc.: Company Snapshot
Figure 52 Misumi Group Inc.: SWOT Analysis

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

Secondary Research

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

Primary Research

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

Actuators Market

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

Market Size Estimation

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

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

Data Triangulation

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

Report Objectives

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

Scope of the report

Report Metric

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019-2024

Forecast units

Value(USD)

Segments covered

By Actuation, Type, Vertical, Application, and Region

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

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

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

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

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

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

  • Linear
  • Rotary

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

  • Industrial Automation
  • Robotics
  • Vehicles and Equipment

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

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

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

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

Available Customizations

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

Product Analysis

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

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
AS 2252
Published ON
Jun, 2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Actuators Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home