Actuators Market is expected to reach USD 86.27 billion by 2029, with a CAGR of 7.41 % between 2022 and 2029.
Actuators Market Overview:
The purpose of this report is to provide a thorough examination of the Actuators Market by segments and geographics. The study goes into great detail on the primary factors influencing the Actuators market's growth. The study also offers a comprehensive analysis of the market's value chain.
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Actuators Market Scope:
The "Global Actuators Market Analysis" is a detailed investigation of the Actuators market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Actuators market as well as detailed market segmentation by application, end-use, and geography. The Actuators market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Actuators players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Actuators market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Actuators market was calculated using the revenue of significant enterprises.
Actuators Market Segmentation:
A linear actuator converts a motor's spinning motion into a straight movement. Electric motors typically move in a circle, whereas linear actuators travel in a straight line. The device's push and pull capabilities allow it to slide, tilt, and lift anything with the simple push of a button. According to SEICL figures, linear actuators will generate 23.70 billion USD in revenue in 2022 because of their outstanding reliability and rising mobility.
Electromechanical actuators are being used in place of pneumatic actuators, which is another industry trend that has been growing consistently. Many machine designers try to strike a compromise between the controllability, repeatability, and efficiency of electromechanical actuators and the speed and dependability of pneumatic actuators. In order to meet these requirements, the Servo Cylinder was constructed as a brushless DC actuator with peak speeds exceeding 14 inches per second, excellent acceleration capabilities, and larger mechanical components. The increasing influence of automated products in end-user industries including healthcare, pharmaceuticals, defense, and manufacturing is also a major factor in the segment's growth.
1 Global Actuators Market, by System (2022-2029)
• Electric
• Pneumatic
• Hydraulic
• Mechanical
• Others
2 Global Actuators Market, by Type (2022-2029)
• Rotary
• Linear
3 Global Actuators Market, by Application (2022-2029)
• Industrial
• Commercial
4 Global Actuators Market, by End User (2022-2029)
• Energy and mining
• Construction
• Chemical.
• Automotive
• Healthcare
• Steel
• Military and defense
• Others
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Actuators Market Key Players:
The major players covered in the Actuators market report are
1. Eaton Corporation plc.
2. Actuonix Motion Devices
3. Tolomatic, Inc.
4. Festo AG & Co. KG
5. AVK Holdings A/S.
6. Flowserve Corporations,
7. Tyco International Ltd
8. Schlumberger LimitedhH
9. KITZ Corporation
10. Burkert Fluid Control Systems
11. Emerson Electric Co.,
12. Honeywell Corporation
13. Helix Linear Technologies, Inc.
14. Duff-Norton
15. Parker Hannifin
16. Tusk Direct, Inc.
17. Watts Water Technologies, Inc.,
18. Rotork Plc.
19. Samson Ag
20. Robert Bosch GmbH
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Actuators Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Actuators market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Actuators industry,
Key Questions Answered in the Actuators Market Report are:
- Which segment grabbed the largest share in the Actuators market?
- What was the competitive scenario of the Actuators market in 2021?
- Which are the key factors responsible for the Actuators market growth?
- Which region held the maximum share in the Actuators market in 2021?
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A linear actuator is an actuator that creates motion in a straight line, in contrast to the circular motion of a conventional electric motor.
Linear actuators are used in machine tools and industrial machinery, in computer peripherals such as disk drives and printers, in valves and dampers, and in many other places where linear motion is required.
Hydraulic or pneumatic cylinders inherently produce linear motion.Linear Actuators manufacturers range from large multinational corporations to small privately owned companies in this industry.
The leading players are Parker, Emerson, LINAK, THK, ABB, accounting for 20.09 percent revenue market share in 2018.The market segment by three types: Pneumatic Linear Actuators, Electric Linear Actuators and Hydraulic Linear Actuators.
The applications of Linear Actuators are Oil & Gas, General Industries, Chemical, Power and Other industries.
Oil & Gas and General Industries are the main application, which accounts for about 58.99% of total consumption in 2018.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-linear-actuators-2019-2024-542According to this study, over the next five years the Linear Actuators market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 8928.5 million by 2024, from US$ 7297 million in 2019.
