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Global Actuators Market Opportunities and Forecast 2020-2027
Global Actuators Market By Actuation (Electrical, Pneumatic, Hydraulic, and Others), By Type (Linear Actuators and Rotary Actuators), By Application (Industrial Automation, Robotics, and Vehicles & Equipment), Opportunities And Forecast 2020-2027
Actuators Market Overview
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
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 Study Global Market Analysis, Insights and Forecast, 2020-2027
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
*Similar details will be provided for the following companies
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
List of Figures
Figure 1: Global Actuators Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Actuators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Actuators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Actuators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Actuators Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Actuators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Actuators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Actuators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Actuators Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Actuators Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Actuators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Actuators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Actuators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Actuators Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Actuators Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Actuators Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Actuators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Actuators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Actuators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Actuators Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Actuators Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Actuators Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Actuators Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Actuators Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Actuators Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Actuators Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Actuators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Actuators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Actuators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Actuators Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Actuators Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Actuators Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Actuators Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Actuators Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Actuators Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Actuators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Actuators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Actuators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Actuators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Actuators Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Actuators Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Actuators Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Actuators Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Actuators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Actuators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Actuators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Actuators Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Actuators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Actuators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Actuators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Actuators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Actuators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Actuators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Actuators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Actuators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Actuators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Actuators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Actuators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Actuators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Actuators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Actuators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Actuators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Actuators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Actuators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Actuators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Actuators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Actuators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
