Actuators Market is Going to Hit at a Value of USD 112.74 billion by 2029

The global actuators market size is expected to grow at 8.5% CAGR from 2022 to 2029. It is expected to reach above USD 112.74 billion by 2029 from USD 54.1 billion in 2020.

Exactitude Consultancy research's "Actuators Market Forecast" study report focuses at sales and the overall global market for Actuators in 2022. The sales forecast for Actuators by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Actuators market, with sales of Actuators broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Actuators Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Driver:

Rising Actuator Demand in Healthcare

The healthcare industry is developing and manufacturing novel machines that require actuators. They are utilised in medical devices like as wheelchairs, patient lifts, treatment chairs, dental chairs, medical beds, and CT, MRI, and PT scanning tools. The global healthcare actuators market is growing due to reasons such as increased healthcare facilities and an ageing population. The number of hospitals is growing in countries such as the United States, India, and China. Cancer has recently become one of the world's worst diseases.

Opportunity:

A wide range of applications utilising linear actuators

Agriculture, household and entertainment, construction, electronics and electrical, maritime, aerospace and defence, chemicals, paper and plastics, oil and gas, food and beverages, and healthcare are all industries that employ actuators. Linear actuators play an essential role in everyday life.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Actuators market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Actuators Market are:

ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtis Wright (Exlar) (US), and MISUMI (Japan)

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.

Actuators Market Segmentation:

Actuators Market By Type, 2020-2029, (USD Million), (Thousand Units)

Linear Actuator

Rotary Actuator

Actuators Market By Application, 2020-2029, (USD Million), (Thousand Units)

Industrial Automation

Robotics

Vehicles And Equipment

Actuators Market By Actuation, 2020-2029, (USD Million), (Thousand Units)

Electrical

Pneumatic

Hydraulic

Others

Actuators Market By Vertical, 2020-2029, (Usd Million), (Thousand Units)

Food & Beverages

Oil & Gas;

Metals, Mining, And Machinery

Power Generation

Chemicals, Paper, And Plastics

Pharmaceutical & Healthcare

Automotive

Aerospace & Defense

Marine

Electronics & Electrical

Construction

Agriculture

Utilities

Household & Entertainment.

Actuators Market By Region, 2020-2029, (USD Million), (Thousand Units)

North America

Europe

Asia Pacific

South America

Middle East And Africa

Important Countries In All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Actuators market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Actuators market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Actuators Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Actuators market
Chapter 2: Exclusive Summary - the basic information of the Actuators Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Actuators
Chapter 4: Presenting the Actuators Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Actuators market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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