An actuator is a part of a device or machine that transfers energy (often electrical, air, or hydraulic) into mechanical force so that it can make physical movements. To put it simply, it is the component of a machine that permits it to move. Hydraulic and pneumatic forces are frequently used to power the equipment, which can be controlled manually, electronically, or via software. Actuators can move in two directions: linear and rotational. The linear motion converts energy into position and push and pull functions for other equipment. Rotary motion, on the other hand, enables the movement of numerous ball and butterfly valves.
Actuators Market Scope:
This market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Stellar Market Research for an Analyst Brief for more information on the Actuators market; our specialists will aid you in making an informed market choice to achieve market growth.
Actuators Market Overview:
The Actuators Market competitive landscape extracts information from a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market initiatives, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are only relevant to the firms' concentrate on the Actuators market.
Actuators Market size was valued at US$ 42.68 Bn. in 2020. The global Actuators Market is estimated to grow at a CAGR of 9.81 % over the forecast period.
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Actuators Market Segmentation:
The Actuators Market is divided into two types based on motion: linear and rotary. In 2020, the Linear segment held a 63.88% market share. The increased use of linear motion actuators in packing machines, medical equipment, production machinery, transportation, and aerospace and defence industries around the world is driving segment expansion. Some of the major factors driving the actuator market growth for linear actuators are rising demand for fuel-efficient vehicles, stringent environmental regulations, rising automation in emerging economies, and the growing need to improve combustion control, increase reliability, and reduce production costs in manufacturing sectors.
The Actuators Market is divided into four types: electric actuators, mechanical actuators, pneumatic actuators, and hydraulic actuators. The Hydraulic Actuators segment dominated the market in 2020, accounting for 36.79% of the total. Because of its sturdy construction and incorporated backup in case of failure, hydraulic actuators are increasingly being employed in heavy equipment used for construction, mining, agriculture, and other applications. As a result, these factors are propelling the actuator market's segment growth.
During the forecast period, the Electric Actuators segment is expected to develop at a substantial pace of 8.93% CAGR. Because of their fast speed, electric actuators are widely employed in automotive applications. Electrical actuators provide improved control and acceleration at high speeds. The thrust force can be programmed without the need for compressed air or the related infrastructure, and these actuators require relatively little energy overall.
Key Players:
ABB (Switzerland)
Rockwell Automation (US)
Altra Industrial Motion (US)
Moog (US)
SMC (Japan)
Curtis Wright (Exlar) (US)
MISUMI (Japan)
ZF Friedrichshafen AG (Germany)
HELLA KGaA (Germany)
Continental AG (Germany)
Denso Corporation (Japan)
Delphi Automotive plc (Ireland)
Magna International (Canada)
Borg Warner Inc. (US)
Johnson Electric (Hong Kong)
Nidec Motors & Actuators (Japan)
Eaton Corporation plc (Ireland
Regional Analysis:
Individual market influencing aspects and changes in legislation in the market that effect existing and future market trends are also included in the regional component of the research. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast the market scenario for various countries.
COVID-19 Market Impact Analysis:
The research also addresses the impact of COVID-19 on the Actuators market.The fundamental purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, significant trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Actuators Market. The detailed report focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Health Insurance Market in the next few years.
Key Questions Answered in the Actuators Market Report are:
- What will be the CAGR of the Actuators market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Actuators market?
- Which are the prominent players in the Actuators market?
- What key trends are likely to emerge in the Actuators market in the forecast period?
- What will be the Actuators market size by 2027?
- Which company held the largest share in the Actuators market in 2020?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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