The global Actuators market is expected to grow at a high rate during the forecast period. Fast growing manufacturing and processing industry sector, safety assurance, and less requirement of manual handling have further supported the growth of global actuators market.
The key factors that are driving the actuators market are industrialization and urbanization. There is the huge investment made in the infrastructure and renewal of the plants, which is positively contributing in the growth of the actuators market.
On the other hand, the factor that hampers the market growth is the competitive standards of pricing and the ability of the suppliers to meet the requirements of the consumer.
Covid-19 Impact on Actuators Market:
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircrafts during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Actuators Market Segment Overview
Based on actuation, the market is segmented into Electrical, Pneumatic, Hydraulic, and Others. Among these electric actuators accounted for the largest share in the global actuators market in 2019. Electric actuators are more affordable than other types of actuators and generally benefit from simpler, cleaner, and more energy-efficient power transmission. This market is also expected to grow at the fastest CAGR of during the forecast period.
Based on type, the global Actuators market is segmented into Linear Actuators and Rotary Actuators. Linear actuators accounted for the largest share in the global actuators in 2019. Linear actuators are used primarily in automation applications. They are used in a wide range of industries where positioning is needed.
Based on application, actuators market segmented into Industrial Automation, Robotics, and Vehicles & Equipment. Industrial automation accounted for the largest share in the global actuators market in 2019. The large share of this market is mainly attributed to increased utilization of automated machinery or systems in manufacturing facilities.
Market Analysis, Insights, and Forecast – By Actuation
· Electrical
· Pneumatic
· Hydraulic
· Others
Market Analysis, Insights, and Forecast – By Type
· Linear Actuators
· Rotary Actuators
Market Analysis, Insights, and Forecast – By Application
· Industrial Automation
· Robotics
· Vehicles & Equipment
Actuators Market Regional Overview
Region-wise, North America dominated the global Actuators market and is expected to continue its dominance during the forecast period. In 2019, Asia-Pacifc accounted for the largest share in the global actuators market in 2019. Asia Pacific. APAC has the highest potential to take the leading position in the actuators market, given the massive surge in IoT technology. IoT has been a major focus in developing countries like India and China, including the establishment of smart cities and other IoT-backed centers. This reguin is also expected grow at fastest CAGR during forecast period..
Actuators Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Actuators Market Competitor overview
Some key developments and strategies adopted by manufacturers in Actuators are highlighted below.
· In February 2020, ABB Ltd. launched xP plus which is used in the paper industry that helps in efficient and flexible induction heating actuator system.
Actuators Market, Key Players
· ABB
· Eaton Corporation
· Emerson Electric
· Moog
· Rockwell Automation
· SKF
· SMC
· Venture MFG. Co.
· Tolomatic
· Nook Industries, Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Actuators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights, and Forecast – By Actuation
- 5.2.1. Electrical
- 5.2.2. Pneumatic
- 5.2.3. Hydraulic
- 5.2.4. Others
- 5.3. Market Analysis, Insights, and Forecast – By Type
- 5.3.1. Linear Actuators
- 5.3.2. Rotary Actuators
- 5.4. Market Analysis, Insights, and Forecast – By Application
- 5.4.1. Industrial Automation
- 5.4.2. Robotics
- 5.4.3. Vehicles & Equipment
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Actuators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights, and Forecast – By Actuation
- 6.2.1. Electrical
- 6.2.2. Pneumatic
- 6.2.3. Hydraulic
- 6.2.4. Others
- 6.3. Market Analysis, Insights, and Forecast – By Type
- 6.3.1. Linear Actuators
- 6.3.2. Rotary Actuators
- 6.4. Market Analysis, Insights, and Forecast – By Application
- 6.4.1. Industrial Automation
- 6.4.2. Robotics
- 6.4.3. Vehicles & Equipment
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Actuators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights, and Forecast – By Actuation
- 7.2.1. Electrical
- 7.2.2. Pneumatic
- 7.2.3. Hydraulic
- 7.2.4. Others
- 7.3. Market Analysis, Insights, and Forecast – By Type
- 7.3.1. Linear Actuators
- 7.3.2. Rotary Actuators
- 7.4. Market Analysis, Insights, and Forecast – By Application
- 7.4.1. Industrial Automation
- 7.4.2. Robotics
- 7.4.3. Vehicles & Equipment
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Actuators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights, and Forecast – By Actuation
- 8.2.1. Electrical
- 8.2.2. Pneumatic
- 8.2.3. Hydraulic
- 8.2.4. Others
- 8.3. Market Analysis, Insights, and Forecast – By Type
- 8.3.1. Linear Actuators
- 8.3.2. Rotary Actuators
- 8.4. Market Analysis, Insights, and Forecast – By Application
- 8.4.1. Industrial Automation
- 8.4.2. Robotics
- 8.4.3. Vehicles & Equipment
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Actuators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights, and Forecast – By Actuation
- 9.2.1. Electrical
- 9.2.2. Pneumatic
- 9.2.3. Hydraulic
- 9.2.4. Others
- 9.3. Market Analysis, Insights, and Forecast – By Type
- 9.3.1. Linear Actuators
- 9.3.2. Rotary Actuators
- 9.4. Market Analysis, Insights, and Forecast – By Application
- 9.4.1. Industrial Automation
- 9.4.2. Robotics
- 9.4.3. Vehicles & Equipment
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ABB Ltd.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Eaton Corporation
- 10.6. Emerson Electric
- 10.7. Moog
- 10.8. Rockwell Automation
- 10.9. SKF
- 10.10. SMC
- 10.11. Venture MFG. Co.
- 10.12. Tolomatic
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
