Press release
Electric Linear Actuators Market Size Growth Rate by Type 2022 Share, Future Trend, Top Key Players, Growth Factor, Development, Applications, and Forecast to 2026 - THK, IAI, Parker, TiMOTION, LINAK, ABB
The Electric Linear Actuators Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Electric Linear Actuators market growth.The Global Electric Linear Actuators Market Size is Projected to Reach at a CAGR of 6% during 2022-2026.
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Market Overview:
As the global automotive industry continues to grow, the demand for automated production is also expanding to control quality and production costs. As a result of this increased automation, many automotive manufacturers employ electric linear actuators in different automotive manufacturing processes. These actuators are used in various vehicle assembly processes including pressing, elevation, conveying cutting, bending, stamping, and lifting. Apart from this, other application includes opening and closing of vehicle doors, robotic spot welding, assembly pressing, robotic dispensing, and clamping and fixtures in the automotive industry. These actuators provide high accuracy, high speed, and high reliability. This is potentially driving the market growth rate for the electric linear actuators in the global market.
Top Leading Companies:
THK, IAI, Parker, TiMOTION, LINAK, ABB, SKF, Chiaphua Components, Moteck Electric, Honeywell, Auma, Other
Recent Developments
In February 2020, Emerson introduced the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator. Designed specifically for burner-boiler applications, the new products offer OEMs, distributors, contractors, and end-users a new combustion safety shut-off valve option that increases safety and reliability and enhances both, flow and control.
In October 2019, Parker Hannifin Corporation completed its acquisition of LORD Corporation - a leading manufacturer of advanced adhesives and coatings as well as vibration and motion control technologies - for approximately USD 3.675 billion in cash.
Electric Linear Actuators Market Segmentation by Type:
DC Electric Linear Actuators
AC Electric Linear Actuators
Electric Linear Actuators Market Segmentation by Application:
Industrial
Medical
Commercial
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Regional Electric Linear Actuators Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Frequently Asked Questions:
What are the key factors driving Electric Linear Actuators market expansion?
What will be the value of the Electric Linear Actuators market during 2022- 2026?
Which region will make notable contributions towards Electric Linear Actuators market revenue?
What are the key players leveraging Electric Linear Actuators market growth?
Highlights of the Electric Linear Actuators Market Report:
Detailed overview of Electric Linear Actuators Market
Changing the Electric Linear Actuators market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Electric Linear Actuators market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Electric Linear Actuators Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
Finally, the Electric Linear Actuators Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Electric Linear Actuators industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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