Press release
Prosperity of Industrialization to Drive Micro Actuator Market During 2016 - 2024
Transducers are those devices which helps to convert one form of energy to another form of energy. Actuator is a type of transducers which helps in producing mechanical movement through converting a source of energy. Here the source of energy may include electric current, pneumatic pressure or hydraulic fluid pressure. Whereas micro actuator helps to transmit a measure or fixed amount of energy for the operation of other mechanism. In other words it is mainly used to produce small forces in entities of small sizes and motions at over small distances. Growing advancement in industries such as automotive, healthcare and wellness is expected to drive the demand of micro actuator in the forecast period.A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10945
Micro Actuator Market Segmentation
On the basis of types micro actuator can be segmented as electric micro actuators, functional material based micro actuators, shape memory alloy (SMA) micro actuator, and others. Electric micro actuator can be further sub segmented as electromagnetic micro actuators and electrostatic actuators. Among both these sub segments electromagnetic micro actuator is expected to account for larger market share as compared to electrostatic actuator. Rising wide application of electromagnetic micro actuator devices especially in space crafts is expected to support the demand of electromagnetic micro actuator across the globe. Furthermore, functional material based micro actuator is further sub segmented as piezoelectric micro actuator. Rising application of piezoelectric devices in various applications ranging from energy generation in medical instrument, or gathering of pedestrian traffic to power localized street lightening or portable devices to power the sensors in vehicles is expected to support the demand of functional material based micro actuator in the forecast period. Moreover, shape memory alloy (SMA) micro actuator is further sub segmented as electroactive polymer (EAP) based micro actuator. Rising considerable attention for the use of sensors for micro fabricated devise is driving the growth of electroactive polymer (EAP) based micro actuator in the near future. In addition, the others segment of micro actuator includes bimetallic thermal actuator and magnetostrictive actuators.
The micro actuator market can also be segmented on the basis of region which includes North America, Latin America, Easter Europe, Western Europe, Middle East and Africa, Asia Pacific and Japan. Among all the regions North America is expected to account for the highest market share followed by Europe. In North America United States is expected to be the major contributor as compared to other countries in the region. Rising demand of automotive products and, health and wellness industry is expected to support the growth of micro actuator market across the region. Moreover, Asia Pacific is expected to register a substantial growth in the forecast period. Among all the countries in Asia Pacific China is expected to be the major contributor. Rising number of aging population have led to the increased production of innovative medical instruments, which is expected to support the growth of micro actuator market in China in the forecast period.
Micro Actuator Market Drivers & Restraints
Rising wide number of application in automobile industry, health and wellness industry and other industry such space crafts or industries where heavy machineries are required is expected to support the demand of micro actuator market across the globe. Moreover, rising demand of micro fabricated sensors in above mentioned industries is also expected to support the growth of micro actuator market across the globe in the forecast period. However high cost incurred in manufacturing of micro actuator devices may hamper the growth of micro actuator market in the future.
To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/10945
Micro Actuator Market: Key Players
The key international players operating in micro actuator market includes IBM Corporation, ST Microelectronics, Agilent Technologies, Stmicroelectronics Ltda, NanoSniff Technologies Pvt. Ltd., SAES Group and others.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Prosperity of Industrialization to Drive Micro Actuator Market During 2016 - 2024 here
News-ID: 652030 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Actuator
Global Electric Actuator Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Electric Actuator market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The electric actuator market is experiencing significant growth, driven by increasing automation in various industries such as manufacturing, automotive,…
Growing Popularity Of Electric Vehicle Sales Propelling Actuator Market Growth: …
The Actuator Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Actuator Market Size During the Forecast Period?
Over the past few years, the actuator market has experienced significant growth. An increase from $58.91 billion in 2024 to $63.93 billion in 2025 is…
Key Linear Actuator Market Trend for 2025-2034: Advancements in Linear Actuator …
"What Is the Future Outlook for the Linear Actuator Market's Size and Growth Rate?
The linear actuator market will grow from $41.25 billion in 2024 to $44.87 billion in 2025, at a CAGR of 8.8%. Growth is driven by the increased automation in manufacturing, advancements in robotics, miniaturization of devices, and rising demand for electric vehicles.
The linear actuator market will grow to $58.72 billion by 2029, supported by automotive industry applications,…
Automotive Electric Actuator Market Industry Analysis - Automotive Electric Actu …
The most recent study offered by Acumen Research and Consulting focuses Automotive Electric Actuator Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Automotive Electric Actuator Market trends in order to assess its current and future potential. Our Automotive Electric Actuator Market analysis also provides market participants and new entrants…
Actuator Market Size & Trends
According to a new market research report published by Global Market Estimates, the Actuator Market is projected from an estimated USD 53.9 billion in 2022 to USD 86.6 billion by 2027, at a CAGR of 8.2%.
The market is expected to be driven market rising need for novel and cutting-edge actuators across a variety industry, rising demand in the healthcare industry and huge investment on infrastructure and facility…
Global Micro Actuator Market Research Report
This report studies the global Micro Actuator market status and forecast, categorizes the global Micro Actuator market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=71619
Table of Contents:
Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…