Press release
Actuators Market 2021: Competitive Landscape, Growth Factors, Top Venders and Forecast Till 2031 | Emerson Electric, ABB, Rockwell Automation, Altra Industrial Motion, Moog
Actuators Market
An actuator is a device that converts energy into motion. The energy can be supplied by a variety of sources, including hydraulic fluid, pneumatic pressure, electricity, and springs. Actuators are used in a wide variety of applications, from opening and closing doors to moving and positioning industrial machinery.
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Key Trends
There are several key trends in actuators technology:
1. Increasing use of electric and pneumatic actuators: There is an increasing trend toward the use of electric and pneumatic actuators in a variety of applications, due to their high efficiency and reliability.
2. Development of smart actuators: There is a trend towards the development of smart actuators, which are capable of self-diagnostics and self-regulation.
3. Increased use of nano-actuators: Nano-actuators are becoming increasingly popular due to their small size and high efficiency.
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Key Drivers
The major drivers for this market are the increasing demand for actuators from the automotive and aerospace industries, and the growing demand for miniaturized actuators.
The automotive industry is the largest end-user of actuators, and the demand for actuators is expected to grow at a rapid pace in this industry. The main application areas of actuators in the automotive industry are in power steering, brakes, and suspension systems.
The aerospace industry is the second-largest end-user of actuators. The main application areas of actuators in the aerospace industry are in aircraft control surfaces and landing gear systems.
Market Segments
The actuators market is segmented by actuation, application, end-use, and region. By actuation, the market is classified into electrical, hydraulics, and others. On the basis of application, it is bifurcated into industrial automation, robotics, and others. Based on end-use, it is divided into food, metals, power generation, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global actuators market includes players such as Emerson Electric, ABB, Rockwell Automation, Altra Industrial Motion, Moog, SMC, Curtiss Wright Corporation, Misumi, Crane Co, General Electric Company, and others.
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Reasons to buy Actuators Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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