14.37% Growth Rate for Robotics and Automation Actuators Market by 2024 | ABB, Rockwell Automation, Altra Industrial Motion, Moog , SMC , Curtiss Wright, MISUMI and Others.

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The Robotics and Automation Actuators Market size is expected to grow from US$ 15.8 Billion in 2019 to US$ 30.9 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.37% during the forecast period. The market for robotics and automation actuators is driven due to the increased use of electric actuators and compact pneumatic actuators in robotics and automation applications across the globe.Top Key Players in the Robotics and Automation Actuators Market include are ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtiss Wright (US), and MISUMI (Japan).

“Electric actuation to grow at highest CAGR during the forecast period in robotics and automation actuators market”
On the basis o factuation, the robotics and automation actuators market has been segmented into pneumatic, hydraulic, and electric. The electric actuation segment is projected to grow at the highest CAGR during the forecast period. Electric actuators are expected to replace hydraulic and pneumatic actuators due to their higher efficiency and greater levels of control. Major manufacturers of electric actuators include Thomson Linear, SMC, ABB, Rockwell Automation, and Curtiss Wright, among others.

“Process automation segment is estimated to account for the largest market share in the robotics and automation actuators market in 2019”
The application segment of global robotics and automation actuators market has been further segmented into robotics and process automation. The automation of parts includes various application areas across different industrial verticals where automation actuators are used. The robotics part includes the robotic actuators required for industrial robots and the service robots which are used across different industrial verticals. The demand for factory automation is increasing across industries due to the changing consumption patterns, and production of goods and services.

“The robotics and automation actuators market in Asia Pacific is projected to grow at the highest CAGR”
The Asia Pacific region is estimated to lead the global robotics and automation actuators market in 2019, and is expected to continue to lead during the forecast period. This region is upgrading various capabilities by undertaking developments in the field of actuators. China and India are primarily investing in robotics and automation to enhance and gain a tactical edge.

Break-up of profiles of primary participants in the robotics and automation actuators market:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-Level Executives– 35%, Directors – 25%, and Others – 40%
• By Region: North America –45%, Europe – 20%, Asia Pacific – 30%,Rest of the World 5%

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Report Highlights:
• To profile key players and comprehensively analyze their core competencies

• To define, segment, and project the global market size for robotics and automation actuators

• To understand the structure of the robotics and automation 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 5 regions (along with their respective key countries)

• 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 robotics and automation actuators market

Reason to buy this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall robotics and automation actuators market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies

List of Tables
Table 1 Robotics and Automation Actuators Market, By Actuation, 2019–2024 (USD Billion)
Table 2 Electric: Robotics and Automation Actuators Market, By Region, 2019–2024 (USD Million)
Table 3 Pnuematic: Robotics and Automation Actuators Market, By Region, 2019–2024 (USD Million)
Table 4 Hydraulic Robotics and Automation Actuator Market, By Region, 2019–2024 (USD Million)
Table 5 Others: Robotics and Automation Actuator Market, By Region, 2019–2024 (USD Million)
Table 6 Robotics and Automation Market, By Type, 2019–2024 (USD Billion)
Table 7 Linear Actuators: Robotics and Automation Actuators Market, By Region, 2019–2024 (USD Million)
Table 8 Linear Actuators: Robotics and Automation Actuators Market, By Type, 2019–2024 (USD Million)
Table 9 Rotary Actuators: Robotics and Automation Actuators Market, By Region, 2019–2024 (USD Million)
Table 10 Rotary Actuators: Robotics and Automation Actuators Market, By Type, 2019–2024 (USD Million)
….and More

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