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Actuator Market: Size, Industry Growth, Business Opportunities, Sales Revenue And Forecast To 2032
Actuator Market
Actuator Market Size, Growth Rate, And Forecast
The global actuator market size is expected to grow from $50.21 billion in 2022 to $54.85 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global actuator market size is expected to grow to $76.64 billion in 2027 at a CAGR of 8.7%.
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Actuator Market Drivers
The growing popularity of electric vehicles is significantly contributing to the growth of the actuator market. Electric vehicles refer to those vehicles that have been partially or completely powered by electricity. Actuators are widely used in electric mobility to regulate component movement and serve a variety of functions in electric vehicles.
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Actuator Market Segments
1) By Type: Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, Mechanical Actuators
2) By Motion: Linear Actuator, Rotary Actuator
3) By End User: Automotive, Aerospace, Oil And Gas, Pharmaceutical, Power Generation, Food And Beverages, Chemicals, Mining, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Actuator Market.
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Actuator Market Key Players
Major competitors in the Actuator Market include Emerson Electric Co., ABB Ltd., Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright Corporation, Eaton Corporation Plc., Honeywell International Inc., Rotork Plc., Misumi Group Inc., Cameron International Corporation, Samson AG, Parker Hannifin Corporation, Venture MFG Co., and Altra Industrial Motion
The Business Research Company's "Global Actuator Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Actuator Market Include:
1. Executive Summary
2. Actuator Market Characteristics
3. Actuator Market Trends And Strategies
4. Actuator Market - Macro Economic Scenario
5. Actuator Market Size And Growth
......
26. Africa Actuator Market
27. Actuator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Actuator Market
29. Actuator Market Future Outlook and Potential Analysis
30. Appendix
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Table of Contents:
Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…
