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Actuators Market Growth Opportunities Forecasts to 2028

The global actuators market size is expected to reach a value of USD 95,91.7 million by 2028, growing at a CAGR of 8.5% during the forecast period 2022 to 2028. A mechanical component known as an actuator helps to transform energy into motion and regulates machinery, equipment, and systems. The machine can be controlled manually, electronically, or by a software program and typically operates on hydraulic and pneumatic forces. Both linear and rotary motions are used by actuators. The linear motion transforms energy to move other pieces of equipment and then perform push as well as pull actions. On the other hand, different ball and butterfly valves are moved by rotating motion.

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The Actuators Market Growth Factors:
One of the main reasons propelling the market's expansion is rapid industrialization. Actuators are now used much more frequently thanks to technical developments in the automotive sector, such as the advent of Advanced Driver Assistance Systems (ADAS). Another significant growth-inducing aspect is the expanding trend of automation across numerous industries. The adoption of the Internet of Things (IoT) has made it possible to automate actuators, which has increased productivity and decreased downtime in manufacturing and industrial units. They offer excellent control and precision, as well as less noise production and fuel loss. Additionally, the demand for the product is being driven by the growing number of aircraft carriers that have actuators on each wing to establish proper flight at low airspeeds.

The Actuators Market Segmentation:
The global actuators market on the basis of Valve Type, the market is categorized into Axial Valve, Ball Valve, Bottom Drain Ball Valve, Butterfly Valve, Check Valve, Diaphragm Valve, Gate Valve, Globe Valve, Plug Valve, and Rotary Plug Valve. On the basis of Actuation, the market is fragmented into Electrical, Pneumatic, Piezoelectric, and Others (Shape Memory Alloys, Thermal, Hybrid, and Magnetic) Based on Type, the market is bifurcated into Linear, Rotary. Based on Application, the market is categorized into Industrial Automation, Robotics, Vehicles, and Equipment. Based on Vertical, the market is segmented into Food & Beverages, Oil & Gas, Metals, Mining, & Machinery, Power Generation, Chemicals, Paper, and Plastics, Pharmaceutical & Healthcare, Automotive, Aerospace & Defense, and Others.

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The Actuators Market Regional Analysis:
Asia Pacific will hold the largest portion of the market. The Asia Pacific area has seen a rise in the use of industrial actuators as a result of increased investment in a number of sectors, including chemical, water and sewage, energy, and water & power.

The major key players in the Actuators Market report are ABB, Rockwell Automation, Altra Industrial Motion, Moog, Inc., Rotork, KEMET Corporation, Dover Chemical Corporation, MISUMI, Honeywell, Curtiss Wright.

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We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

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