Actuators Market Research Report by Manufacturers, Region, Type and Application, Forecast to 2029

Actuators Market Snapshot:

An actuator is a mechanical device that is responsible for converting energy into motion. With the help of input energy that is generated by electricity, air, or liquid, actuators apply a force to move an object. Types of actuators include hydraulic, pneumatic, electrical, thermal, mechanical. Actuators make use of an energy source and a control signal. Actuators have been in use since World War II and have seen applications in multiple industries and applications. Actuators have become a crucial part of the industry to control various imperative functions and are known to provide high precision and reliability. The actuators market is past the growth stage and is nearing maturity. Inculcation of the latest technologies, such as intelligent control and the Internet of things (IoT), into actuators, is projected to propel actuators market growth in the years to come.

Electrical actuators are easily available and most widely used since they do not use oil compressed air, which reduces the need for extra machinery. These actuators are powered by electrical energy and make use of a powerful motor and convert the electrical energy into an actuating force. These actuators are preferred in electrically motorized equipment that are used for excavation and construction.
Pneumatic actuators make use of compressed air or gas to produce desirable linear or rotational motion.  Pneumatic actuators are most widely used in engine pistons, ignition chambers, and other automotive applications as they require a quick response in terms of the starting and stopping of the actuators. Pneumatic actuators are cheap, safer, and highly reliable as compared to other actuator types and, hence, abundantly used.

The pharmaceutical and chemicals industry employs the use of heavy machines that require high quality, cleanliness, and minimum human interaction. Actuators are used to control critical chemical processes such as flow control, filtration, and refrigeration, among others. For instance, in North America, the chemical industry is a key industry for the Canadian economy and remains a fast-growing sector. As per the Chemistry Industry Association of Canada (CIAC), Canada’s chemical industry is valued at USD 58 billion.

Actuators play a crucial role in the wastewater industry for the treatment of industrial end waste products in various areas such as pumping stations, sluices, and water pipelines, among others. With an increase in the number of environmental laws and regulations, which require industries to treat the end waste before it is let into water sources, the demand for actuators that are used to control filter flows, sludge valves, wash water valves, and affluents valves, among others, has increased. Furthermore, intelligent features in actuators that help in energy saving, and improve process efficiency act as catalysts for the actuators market.

The automotive industry plays a crucial role in the overall prosperity of the European economy. It represents a significant portion of the continent’s exports and accounts for around 13 million jobs. As per the European Automobile Manufacturers Association, total investments in Europe’s automotive sector amounted to USD 60 billion dollars in 2017, while the total vehicles produced in 2018 amounted to 17.2 million units, representing around 18% of the global figure. Actuators are widely used in automobile manufacturing stations in industrial automation and robotics to automate the manufacturing process to increase output, efficiency, and reduce human accidents. Thus, the actuators market will grow in tandem with the automotive sector, to a certain degree.

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The Major Prominent Players Covered in this Report:
Johnson Controls International plc, Assured Automation, Honeywell International Inc., Micromatic LLC, Cair Euromatic Automation Pvt Ltd, Cameron International Corporation, Festo AG and Co. KG, Rotork, Flowserve Corporation,  General Electric, Schlumberger Limited, Emerson Electric Co., Auma Riester GmbH and Co., Schneider Electric, The Danfoss Group, Curtiss-Wright, Top Line Process Equipment Co., Harmonic Drive LLC, and Elger Controls India Private Ltd, among others.

By Type, Pneumatic Actuators, Hydraulic Actuators, Electrical Actuators, Thermal Actuators, Mechanical Actuators, By End-Use, Oil and Gas, Automotive, Electronics, Food and Beverages, Wastewater Plant, Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Actuators in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Actuators market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Actuators and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Actuators. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Actuators market growth rate?
What are the key factors driving the global Actuators market?
Who are the key manufacturers in the Actuators market space?
What are the market opportunities, market risk, and market overview of the Actuators market?
What are sales, revenue, and price analysis of top manufacturers of the Actuators market?
Who are the distributors, traders, and dealers of the Actuators market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Actuators Industry?
What are sales, revenue, and price analysis by regions of Actuators industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Actuators Market Trends:
- The report identifies, determines, and forecasts the Global Actuators Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Actuators Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Actuators Market.

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