Improved Operational Efficiency and Affordability to Drive the Growth of Linear Actuators Market | 2020-2030

The Global Linear Actuators Market surpassed the value of US$ 30,000 Million in 2019. Increasing demand for robotics, strong growth of industrial automation, and advancement in transmission mechanism are the key factors fueling the growth of the global linear actuator market. The linear actuators are used to create linear motion or convert rotary motion into linear motion. The linear actuators are used across multiple industry applications. Emergence of electrical actuators fueled by increased demand from industrial robotics and industrial automation has significantly contributed towards the growth of the global linear actuators market during past decades.

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Moreover, the electric actuators deliver improved performance compared to hydraulic and pneumatic and thus are witnessing increased adoption across several industry applications. Another factor fuelling the growth of linear actuators market is increased demand from heavy machinery, agriculture equipment, and rising adoption of linear actuators in solar power generation to improve system efficiency. Consequently, the global linear actuator market is anticipated to grow significantly during the forecast period.

The global linear actuators market is segmented on the basis of type, applications, end use industry, and geography. Based on type, the global linear actuators market is segmented into electrical actuators, pneumatic actuators, hydraulic actuators, and others. The electrical linear actuators contributed a significant share to the global market in 2019 and are anticipated to grow significantly during the forecast period. The pneumatic actuators are anticipated to witness steady growth during the forecast period owing to increased demand from critical industrial applications.

Semiconductor & Electronics and Automotive segments to drive growth of market

Based on end use industry, the global linear actuators market is segmented into automotive, aerospace & defense, oil & gas, chemical, pharmaceuticals, healthcare, energy & utility, food & beverages, metal & mining, paper & pulp, semiconductor & electronics, consumer electronics, and others. The semiconductor & electronics segment contributed prominent share to the global market in 2019 owing to increased demand for precision transmission elements and strong adoption of robotics. The automotive segment is anticipated to grow significantly during the forecast period owing to increasing demand from electric vehicle.

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Based on geography, the global linear actuators market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed a dominating share to the global linear actuators market in 2019 and is anticipated to be a dominating market during the forecast period owing to strong demand from aerospace & defense and heavy machinery manufacturing industry. Increasing investment to strengthen solar power generation across the United States is anticipated to contribute towards the growth of North America linear actuators market during the forecast period. Asia Pacific is anticipated to be the most lucrative market during the forecast period owing to rising demand from expanding semiconductor & electronics, automotive, and consumer electronic industry across China, India, Indonesia, and Southeast Asian countries.

Major players active in the global linear actuators market include Altra Industrial Motion Corporation, Curtiss-Wright Corporation, DESTACO, Duff-Norton, Enerpac, Festo Group, Fortive Corporation, General Electric, Co., IAI America, Inc., Joyce Dayton Corporation, Kollmorgen, MOOG, Inc., NOOK Industries, Inc., Parker Hannifin Corporation, PHD, Inc., RACO International, L.P., Rockwell Automation, Tolomatic, Inc., and Tsubakimoto Chain, Co.

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This release was published on openPR.