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Actuators Market | Covid-19 Impact Analysis
The Actuators Market is Segmented by Type (Linear Actuators and Rotary Actuators), by System Type (Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Mechanical Actuators, and Others), by Application Type (End-Use Application, Industrial Application), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Actuators market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increased investment towards process automation across end-use industries is the major factor driving the demand for actuators.
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Actuators Market - Snapshot |
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Market Growth |
5.2% for next five years |
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Major Type |
Linear actuators |
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Major System Type |
Electrical actuators |
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Dominant Application Type |
End-use application |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
The Emerson Electric Company, Honeywell International Inc., Moog Inc., Rotork Plc, Parker Hannifin Corporation, ABB Group, Cameron International Corporation, and Eaton Corporation Plc. |
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Based on the type, the market is segmented as linear actuators, and rotary actuators. The linear actuators segment is expected to dominate the market during the forecast period. The escalating demand for fuel-efficient vehicles, implementation of stringent environmental regulation, increasing automation in emerging economies, and the rising need to improve combustion control, increase reliability, and reduce production cost in manufacturing sectors are some of the major factors that drive the growth of linear actuators in the global market.
Based on the system type, the market is segmented as hydraulic, electrical, pneumatic, mechanical, and other actuators. The electrical actuators dominated the market and is expected to retain the dominance during the forecast period as well. This growth is attributed to the extensive application of electrical actuators in the aviation industry. Electrical actuators play a vital role in controlling systems as they convert electrical signals to mechanical movement.
Based on the application type, the actuators market is segmented as end-use and industrial application. The end-use application segment is projected to register a higher growth in the coming five years. End-use application includes wide array of verticals such as automotive, marine, aerospace, and defense. Growth in this industry verticals is expected to drive the growth of the end-use application.
In terms of regions, Asia-Pacific dominated the actuators market. The region is estimated to drive the Internet of Things in the coming years. India and China are the growth engines of the region owing to increased focus towards IOT.
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Some of the actuator manufacturers are-
Actuators are an eminent part of any machine that on which the movement of the machine depends. It is also responsible for the controlling of a mechanism or a system, such as opening a valve. The actuator is also known as a mover and it needs an energy source and a control signal for its working.
The actuator does the work of converting energy into motion and is used in industrial and manufacturing applications and also in various devices such as valves, pumps, switches, and motors.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Actuators Market Research Report – Features |
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Market Segmentation |
5 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The actuators market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Actuators market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.
The Emerson Electric Company, Honeywell International Inc., Moog Inc., Rotork Plc, Parker Hannifin Corporation, ABB Group, Cameron International Corporation, Eaton Corporation Plc are among the key players in the actuators market.
Asia-Pacific is expected to remain dominant in the actuators market during the next five years.
The electrical actuator is expected to remain dominant in the actuators market in the coming years.
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