Press release
Hydraulic and Electric Linear Actuators Market Opportunities, Regional Overview, Top Leaders, Revenue and Forecast to 2031
The global hydraulic and electric linear actuators market was valued at $54.3 billion in 2022 and is projected to grow to $118.2 billion by 2032, registering a CAGR of 8.1% from 2023 to 2032. These actuators play a crucial role in providing linear motion for various applications. Hydraulic actuators use compressed hydraulic fluid for heavy-duty operations, such as construction machinery, but require maintenance due to potential fluid leaks. Electric actuators, powered by electric motors and control systems, offer precision, energy efficiency, and quieter operation, making them ideal for robotics, aerospace, and other industries.
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Market Highlights
Extensive Coverage: The market study spans over 16 countries with a detailed analysis by region, type, and application from 2022 to 2032.
Comprehensive Research Methodology: Data is sourced from over 3,700 product catalogs, industry reports, and expert opinions, ensuring a well-rounded view of the market.
Major Players: Key companies include Bosch Rexroth AG, Eaton Corporation, Emerson Electric Co., KYB Corporation, Flowserve Corp., Thomson Industries, LINAK A/S, SKF Group AB, and SMC Corporation. These players leverage strategies like product launches, partnerships, and expansions to maintain competitive positions.
Market Dynamics
Growth Drivers:
Increasing adoption of industrial automation and precision systems boosts the demand for both hydraulic and electric actuators.
Rising applications in healthcare, such as robotic-assisted surgeries, favor electric actuators for their silent, precise, and compact operations.
The trend toward sustainability and stricter environmental regulations drives demand for electric actuators, which eliminate hydraulic fluid usage.
Challenges:
Environmental risks associated with hydraulic fluid handling and disposal hinder the growth of hydraulic actuators.
Stricter regulations demand eco-friendly solutions, necessitating the development of sustainable hydraulic fluids and advanced containment systems.
Opportunities:
Advancements in electric actuator technology-including brushless DC motors, smart sensors, and advanced control algorithms-create opportunities for enhanced precision and durability.
Manufacturers investing in R&D for innovative designs and capabilities can capitalize on automation's growing emphasis on efficiency.
Segmental Insights
By Type:
Electric Actuators: Dominated the market in 2022, expected to grow faster during the forecast period due to their precision and ease of integration in automation and robotics.
Hydraulic Actuators: Preferred for heavy-duty applications but face challenges from fluid leak concerns and maintenance requirements.
By Sales Type:
OEM: Accounted for the largest revenue share in 2022.
Aftermarket: Expected to register higher growth due to increasing retrofitting and maintenance needs.
By End-User Industry:
Manufacturing & Industrial Automation: The largest revenue contributor in 2022.
Aerospace: Expected to exhibit the highest growth due to the increasing need for precision in aircraft systems.
By Force Capacity:
Above 1,000 pounds: Dominated the market in 2022, catering to heavy-duty applications.
Up to 250 pounds: Projected to grow faster, driven by demand for lightweight and compact solutions.
By Region:
Asia-Pacific: Held the largest market share in 2022 and is anticipated to grow at the highest CAGR during the forecast period due to rapid industrialization and technological advancements.
Competitive Landscape and Key Developments
November 2023: SMC Corporation introduced three new product lines for pneumatic and electrical systems, emphasizing efficiency and durability.
Full Report With TOC: https://www.alliedmarketresearch.com/hydraulic-and-electric-linear-actuators-market-A322278
May 2023: Bosch Rexroth expanded its portfolio with modular linear actuators integrated with automation packages.
June 2022: Emerson launched electric actuators for enhanced precision and flexibility in industrial applications.
January 2024: Emerson debuted the Fisher Easy-Drive 200R Electric Actuator, engineered for harsh industrial environments.
February 2023: Thomson Industries unveiled the Electrak XD actuator, designed for heavy-duty applications, offering improved efficiency and reliability.
Key Benefits for Stakeholders
Quantitative and qualitative analysis of market trends and growth drivers.
Detailed segmentation to identify high-growth opportunities across industries and regions.
Insights into competitive positioning and strategic developments of key players.
Market forecasts to guide decision-making and investment strategies for stakeholders.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the repor
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