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Actuator Global Market 2024: Rising Demand, Emerging Trends, and Expected Growth
Actuator Market Size
What Is The Projected Market Size Of The Global Actuator Global Market Report 2024 And Its Growth Rate?
•The actuator market size, remarkably rising from $58.91 billion in 2024 to an estimated value of $63.93 billion in 2025, displays a promising compound annual growth rate (CAGR) of 8.5%.
•The sturdy growth in the historic period can be linked to factors such as automation in manufacturing, industrialization, expansion in the energy sector, increasing healthcare equipment demand, and development in smart buildings and infrastructure.
•The actuator market is predicted to maintain a strong growth trajectory, reaching a substantial size of $90.8 billion by 2029 with a CAGR of 9.2%. This growth in the forecast period is attributed to developments in renewable energy, vehicle electrification, precision medicine and biotechnology, urbanization and infrastructure development, focus on energy efficiency and the rise of robotics and automation.
What Is Driving The Growth In The Actuator Global Market Report 2024?
The burgeoning popularity of electric vehicles is significantly influencing the growth of the actuator market. Electric vehicles, either partially or completely powered by electricity, use actuators to regulate component movement, serving myriad functions. The increasing sales of electric vehicles, despite supply chain challenges, resulted in approximately 16.5 million electric vehicles on roads worldwide by the end of 2021. Consequently, the rising popularity and sales of electric vehicles are driving the growth of the actuator market.
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Who Are the Key Players Driving Actuator Global Market Report 2024 Growth?
•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.
•Altra Industrial Motion
•Actuonix Motion Devices Inc.
•Aptiv PLC
•AUMA Riester Gmbh & Co. KG
•BorgWarner Inc.
•Continental AG
•Denso Corporation
•Festo AG & Co. K.G.
•Flowserve Corporation
•GEA Group AG
•General Electric Company
•Hitachi Ltd.
•IAV Automotive Engineering
•Johnson Controls International PLC
•KITZ Corporation
•Mecvel Technologies Private Limited
•Nidec Corporation
•Regal Rexnord Corporation
•Robert Bosch GmbH
What Are The Key Trends In The Actuator Global Market Report 2024?
•The surge of electric actuators
•Advancements in smart actuators
•Expansion in industrial Internet of Things (IIoT) integration
•Rapid growth in robotics and automation
•Adoption of miniaturization and high-precision actuators
•Increased adoption of pneumatic and hydraulic actuators in industrial applications
What Are The Segments Of The Global Actuator Global Market Report 2024?
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
Which Region Leads The Actuator Global Market Report 2024?
Asia-Pacific dominated the actuator market in 2024 with North America being the second-largest region. The regions included in this actuator market report analysis encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Actuator Global Market Report 2024 Global Market Report?
- Market Size Analysis: Analyze the Actuator Global Market Report 2024 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Actuator Global Market Report 2024 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Actuator Global Market Report 2024 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Actuator Global Market Report 2024.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the 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…
