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Actuators Market worth $122.83 billion by 2030, growing at a CAGR of 9.53% - Exclusive Report by 360iResearch
Actuators Market | 360iResearch
The Global Actuators Market to grow from USD 59.26 billion in 2022 to USD 122.83 billion by 2030, at a CAGR of 9.53%.
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Actuators are devices that convert an input energy form into motion. They are critical components in various systems, functioning as the means to turn a control signal into physical action. The actuators' role spans across many industries, including aerospace, automotive, manufacturing, and robotics. They play a key role in automation, allowing precise control over movement and positioning in equipment such as robotic arms, valves, and pumps. Their applications range from simple tasks such as opening a valve to complex movements required in robotics. IoT and smart technology innovations have expanded actuator applications across automotive, aerospace, and construction. Government and international emissions and energy consumption regulations have increased the demand for more efficient actuators. Moreover, with urbanization and Infrastructure developments, investment in public works and infrastructure necessitates more complex automation solutions using actuators. However, high initial investment in advanced actuators' design and manufacturing process impedes market growth. Nevertheless, trends towards smaller devices spur opportunities for developing compact actuators in consumer electronics and medical devices. Furthermore, researching new, durable, and efficient materials could lead to significant advancements.
The actuator market depicts strong growth across the Americas owing to high automation levels in manufacturing, the presence of key industry players, and substantial investments in R&D. Furthermore, consumer needs center around energy-efficient solutions, precision in control and operation, and integration with the Internet of Things (IoT) has further bolstered the market growth. Many EU Countries have focused on the advanced industrial sector for innovation with stringent energy regulations in the EU region. EU countries prioritize sustainability, leading to an uptick in demand for electric actuators. Moreover, the European Commission's initiatives on digitalization and automation present further growth opportunities. The actuators market in the Asia-Pacific region is a vibrant and dynamically evolving market characterized by rapid technological progress and various applications spanning various sectors. As of the latest evaluation, this region stands as one of the most promising markets for actuators globally, attributed to the burgeoning industrialization, growing automation across manufacturing sectors, and increased emphasis on infrastructure development.
Market Segmentation & Coverage:
This research report categorizes the Actuators Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on System, market is studied across Electric Actuator, Hydraulic Actuator, Mechanical Actuator, and Pneumatic Actuator. The Electric Actuator commanded largest market share of 41.54% in 2022, followed by Hydraulic Actuator.
Based on Types, market is studied across Linear Actuators and Rotary Actuators. The Linear Actuators commanded largest market share of 55.77% in 2022, followed by Rotary Actuators.
Based on Application, market is studied across Industrial Automation, Robotics, and Vehicles & Equipment. The Industrial Automation commanded largest market share of 37.23% in 2022, followed by Vehicles & Equipment.
Based on End-User, market is studied across Aerospace & Defense, Automotive, Energy & Utilities, Healthcare, Manufacturing, and Marine. The Automotive commanded largest market share of 24.38% in 2022, followed by Manufacturing.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Actuators Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Actuators Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Actuators Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Actuonix Motion Devices Inc., AUMA Riester GmbH & Co. KG, Bray International, Inc., CKD Corporation, Curtiss-Wright Corporation, Eaton Corporation PLC, Emerson Electric Co., Festo AG & Co. KG, General Electric Company, Honeywell International Inc., KITZ Corporation, MISUMI Group Inc., Mitsubishi Electric Corporation, Moog Inc., Murata Manufacturing Co., Ltd., Omron Corporation, Parker Hannifin Corporation, PHD Inc., Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Rotork PLC, SAMSON AG, Schaeffler AG, Schlumberger Limited, Schneider Electric SE, Siemens AG, SMC Corporation, STMicroelectronics N.V., THK Co., Ltd., Tolomatic, Inc., Valtorc International, Valworx, Inc., and ZIMM GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Actuators Market, by System
7. Actuators Market, by Types
8. Actuators Market, by Application
9. Actuators Market, by End-User
10. Americas Actuators Market
11. Asia-Pacific Actuators Market
12. Europe, Middle East & Africa Actuators Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Actuators Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Actuators Market?
3. What is the competitive strategic window for opportunities in the Actuators Market?
4. What are the technology trends and regulatory frameworks in the Actuators Market?
5. What is the market share of the leading vendors in the Actuators Market?
6. What modes and strategic moves are considered suitable for entering the Actuators Market?
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Table of Contents:
Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…
