Press release
Global Electric Actuator Market to Witness a Pronounce Growth During 2023
An electric actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. The electrical energy is used to actuate equipment such as multi-turn valves. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.
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Global Electric Actuator Market: Forecast by Type / Application / Region
The production of Electric Actuator was largest in China in 2011, which accounts for 24.57% of the market. The production of Europe is a bit smaller than Europe with 22.21% in 2015 while North America is the third largest with 23.53% in 2015. In terms of consumption, China is still the largest due to the fast economic growth, but China still needs to improve technology to meet the requirement of customers.
Upstream of electric actuator is plastics and wire, as well as the electric actuator workshop equipment and so on. With the demand development, electric actuator demand growth is bound to drive the growth of upstream raw materials and other relevant industries, and from this viewpoint, in the future cost and the price of electric actuator will fluctuate with the price of raw materials.
In short, electric actuator project still has potential in global market, but the current market was mainly occupied by the existing enterprises, under the premise of the future demand growth and technological processes, the new entrants into the electric actuator industry business should be able to occupy a certain market share. Therefore, new entrants must develop technical and master internal control, to seize the domestic and foreign markets in the future. This is the end of electric actuator report.
Over the next five years, LPI(LP Information) projects that Electric Actuator will register a 1.2% CAGR in terms of revenue, reach US$ 3030 million by 2023, from US$ 2830 million in 2017.
Global Electric Actuator Market: Key Players
Rotork
Auma
Flowserve
Emerson
ABB
BERNARD
SNNA
Biffi
Tomoe
Nihon Koso
Tefulong
CDF
SAIC
Aotuo Ke
Chuanyi Automation
Zhonghuan TIG
SIG
PS Automation
Xiang Long
Raga
KOEI
Hengchun
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Related Information:
United States Electric Actuator Market Research Report 2018
Europe Electric Actuator Market Research Report 2018
North America Electric Actuator Market Research Report 2018
Asia-Pacific Electric Actuator Market Research Report 2018
China Electric Actuator Market Research Report 2018
EMEA Electric Actuator Market Research Report 2018
Global Electric Actuator Market Research Report 2018
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