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Actuators Market By System (Electric, Pneumatic, Hydraulic, Mechanical, Others) By Type (Rotary, Linear) By Application (Industrial, Commercial) By End-User (Energy and Mining, Construction, Chemical, Automotive, Healthcare, Steel, Military and Defense, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global actuators market report explores the critical analysis of the actuator industry using key parameters. The report consists of investment strategies, the need for investments in the actuators industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the actuators industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Actuators Market by Volume

Yes

Actuators Market by Value

Yes

Actuators Market, Tornado Analysis

Yes

Actuators Market, STAR Analysis

Yes

Actuators Market, SRC Analysis

Yes

Actuators Market, Import-Export Data

Yes (On Demand)

Actuators Market Pricing Analysis

Yes (On Demand)

Actuators Market Segment Analysis

·         By System (Electric, Pneumatic, Hydraulic, Mechanical, and Others)

·         By Type (Rotary and Linear)

·         By Application (Industrial and Commercial)

·         By End-User (Energy and Mining, Construction, Chemical, Automotive, Healthcare, Steel, Military and Defense, and Others)

Actuators Market, Regional Analysis

·         North America (the US and Canada)

·         Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

·         Latin America (Brazil, Mexico, and the Rest of Latin America)

·         Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Actuators Market Key Companies

Eaton Corporation plc, Actuonix Motion Devices, Tolomatic Inc, Festo AG & Co. KG, AVK Holdings A/S, Flowserve Corporations, Tyco International Ltd, Schlumberger Limited, KITZ Corporation, Burkert Fluid Control Systems, Emerson Electric Co., Honeywell Corporation, Helix Linear Technologies Inc, Duff-Norton, Parker Hannifin, Tusk Direct Inc, Watts Water Technologies Inc, Rotork Plc, Samson Ag, and Robert Bosch GmbH

Actuators Market Competitive Landscape

·         Market Share Analysis

·         Competitive Benchmarking

·         Key Players Market Positioning

·         Geographical Presence Analysis

·         Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the Actuators Market?

  • The electric segment led the market in terms of systems in 2021 and is expected to continue throughout the projection period. The rapidly expanding demand for electric actuators market is due to their major benefits, which include increased efficiency, no fluid leaks, low energy consumption, smoother operation, and the ability to be modified for any function.
  • In 2021, the linear type segment accounted for the largest market share, owing to the increased manufacturing automation in the automotive and aerospace industries. The remarkable attributes of linear actuators, such as their reduced space requirements, ease of installation, high reliability, user-friendliness, improved design efficiency, quicker production, and higher-quality manufacturing, have also accelerated their adoption across a variety of industries, such as production machinery, manufacturing, and transportation, fueling the growth of the linear actuators market.
  • The industrial segment led the global market in the application in 2021 and is expected to continue over the forecast period. Robots, Artificial Intelligence, and other automated control systems are used in industrial automation. Rapid digital technological developments are driving the sector's expansion.
  • The energy and mining end-user segment dominated the market in 2021 due to its rising application in the distillation and refining process, natural oil and gas generation, and crude oil resource extraction. The increasing deployment of energy and mining in the valves and actuators market, as a result of rising demand for liquefied natural gases and gas storage, as well as the growing need for effective management of pressure drilling choke valves, is expected to drive the segment's growth.

Which region dominated the actuators market?

Asia Pacific region dominated the global actuators market in 2021 and is expected to maintain its dominance throughout the forecast period. The Asia Pacific is the largest market player for manufacturers, as the region's growing industrial base positively influences the future market growth. The growing demand for automotive vehicles from the upper-middle class propels the Asia Pacific automotive actuators market share. The region's industries are constantly upgrading their capabilities, necessitating the use of machinery outfitted with new and advanced actuators. China, Japan, and India primarily invest in robotics and automation to gain a tactical advantage in robotics and process automation. Manufacturers of robotics and automation actuators in the Asia Pacific region will benefit greatly from this excellent opportunity for market growth.

actuators-market

How is US Market Performing in the actuators market?

The United States has led the North American automotive actuators market in recent years and is expected to continue to do so throughout the forecast period. The highly advanced industrial automation, offshore, automotive, and transportation sectors are further driving the sales of pneumatic actuators in the United States. According to the International Trade Administration's 2019 Industrial Automation report, the United States is a major worldwide producer of industrial automation equipment, which is broadly defined as the components and hardware used to automate infrastructures in industrial and manufacturing settings. Besides, the oil and gas sector is undergoing significant change, with the United States on track to lead the global oil and gas trade in the coming years. With increased R&D in the shale gas sector in the United States, the demand for hydraulic actuators is expected to rise significantly over the forecast period.

What is the competitive environment of the actuators market?

Major players in the global actuator market are focusing on increasing their market share through partnerships, collaborations, mergers, and acquisitions. All major manufacturers seek collaborations with Tier 1 and OEM manufacturers to develop next-generation actuators with higher precision. Furthermore, manufacturers focus heavily on emerging markets to strengthen their geographic position. Key players also concentrate on technological developments and new product launches to stay ahead of the competition. For instance, Curtiss-Wright Corporation's actuation division launched its latest ASSIGN motor program for Exlar FTX and FTP Series actuators in 2021. The FTX and FTP series actuators are well-suited for diverse factory automation production applications. Similarly, ABB introduced its latest i-bus Combi Switch Actuators in 2019 to meet the growing demand for such market solutions in the smart home sector. These actuators allow a device to have switchable and selectable shading features.

Executive Summary

What are all the technical developments being developed in the global actuators market?

Actuators enhance positioning performance, increase control flexibility, stop fluid leaks, boost energy efficiency, and maintain current technologies' robustness and dependability. The most significant market impact has come from technological advancements in actuators. Actuators that can incorporate smart technologies are becoming more and more in demand as a way to fuel market expansion. The latest market trend is using advanced technologies to develop smart actuators. A smart actuator incorporates all components, including sensors, motors, a communication unit, and a controller. The smart actuator that controls the robots used in various industries can be easily reconfigured, assembled, or disassembled. The expanding use of smart actuators will improve the field's capabilities for automation and control. Smart actuators offer numerous benefits, including increased productivity and efficiency, improved controllability and diagnostic capabilities, reduced complexity and cabling, lower software and hardware costs, and enhanced machine functionality. For instance, AUMA introduced the high-performance, feature-rich PROFOX actuator series in May 2020. It offers built-in intelligence, high mechanical efficiency, low operating costs, and a small footprint. It is suitable for cogeneration plants, shipbuilding, process industries, and water treatment.

Which are the key investments by the actuator’s market players?

Government investments in ensuring vehicle safety in on-road vehicles, as well as the implementation of stringent vehicle safety regulations, are propelling the automotive actuators market. Market participants in the global actuators market are increasing their efforts and investments to increase production capacity to capitalize on revenue growth opportunities in the global market. Additional factors influencing the growth of the robotics and automation actuators market include increased funding for actuator technology and process automation investments across end-use sectors. The surge in manufacturing investment, with expansion, upgrade, and modification of existing production facilities across the end-user sectors, as well as the adoption of new production lines in emerging nations, is expected to boost the industrial actuators market over the forecast period. Major industry players in the valves and actuators market also focus on increasing their investments through acquisitions, partnerships, collaborations, and mergers to expand their product offerings and develop industrial operational automation processes. For instance, Altra Industrial Motion Corp, a leading manufacturer and supplier of motion control, automation products, and power transmission, announced in January 2022 that it had acquired Nook Industries LLC, Cleveland, an Ohio-based leader in the US linear actuators motion industry. The combination of the Nook business and Altra's Thomson operating company in its Automation & Specialty segment broadens Altra's linear product offering. By year four of combined operations, the company anticipates annual cost and sales synergies of approximately USD 6 million. The acquisition of Nook furthers the company's plan to concentrate Altra's portfolio on highly engineered products for the power transmission sector.

Some major players in the actuators market are Eaton Corporation plc, Actuonix Motion Devices, Tolomatic Inc, Festo AG & Co. KG, AVK Holdings A/S, Flowserve Corporations, Tyco International Ltd, Schlumberger Limited, KITZ Corporation, Burkert Fluid Control Systems, Emerson Electric Co., Honeywell Corporation, Helix Linear Technologies Inc, Duff-Norton, Parker Hannifin, Tusk Direct Inc, Watts Water Technologies Inc, Rotork Plc, Samson Ag, and Robert Bosch GmbH.

What are the Major Driving Factors for the Actuators Market?

One of the major factors driving the global actuators market growth is the growing application of actuators across various end-use industries such as aerospace and defense, oil and gas, liquid pipelines, and liquefied natural gas (LNG). Rapid industrialization and ongoing technological innovations in the automotive industry, such as the introduction of Advanced Driver Assistance Systems (ADAS), have fueled the growth of the automotive actuators market. Another growth-inducing factor is the emerging trend of automation across multiple industries. The valves and actuators market is primarily driven by accelerating urbanization, rising population, and technological advancements. A significant investment is made in plant and infrastructure renewal, which positively contributes to the growth of the robotics and automation actuators market. The growing need to extract natural resources from difficult locations will further drive hydraulic actuators market growth. The rapidly increasing use of aircraft carriers with actuators on each wing to sustain effective flight at lower airspeeds is expected to boost the actuator's market share. The introduction of advanced technologies to launch smart electric actuators integrated with all components, such as motors, sensors, communication units, and controllers for easy assembling, reconfiguration, or disassembling, is expected to provide enormous opportunities for the market during the forecast period.

What are the Major Risks for the Actuators Market?

The global actuator market share is restricted by time-consuming leakage repairs, competitive pricing standards, high maintenance costs, and unsatisfactory consumer behavior. Pneumatic actuators convert compressed air energy into mechanical movement. The installation of pneumatic actuators is time-consuming, and the cost of maintaining these actuators is high. Compressors, dryers, lube tubes, air filters, and regulators are part of the pneumatic actuators market. Negligence or a lack of maintenance on these systems can result in issues such as excessive noise and air leaks. Hydraulic actuators use a reservoir to pump hydraulic fluid, which converts energy into mechanical motion. Hydraulic actuators outperform pneumatic actuators in terms of force generation and process control. However, the possibility of fluid leaks, the risk of fire, and the deterioration of actuation systems due to erosion caused by fluid leaks pose a significant threat. As a result, leakage issues and high noise levels caused by operating pneumatic and hydraulic actuators are expected to impede market growth over the forecast period.

Which is the key type in the actuators market?

The linear actuator is expected to dominate the global market during the forecast period due to rising industrial automation in chemical, aerospace, and automotive production plants. In addition, the linear actuators market is expected to grow owing to major players' increasing focus on technological advancements for linear actuators. For instance, Rotork PLC introduced its most recent AC PAX1 linear actuator in 2020. This new actuator can control pressures ranging from 0-0.5 PSIG to 0-3,000 PSIG. Other factors driving the linear actuators market size include rising demand for fuel-efficient vehicles, stricter environmental regulations, increased automation adoption in developing countries, and the rapidly increasing need to improve combustion control, enhance dependence, and reduce production costs in industrial companies.

How is the actuators market performing in regions?

The Asia Pacific dominated the actuators market in 2021 due to the rising urbanization, industrialization, increasing disposable income, and consistent demand for vehicles in regional developing countries. Rising investments in enabling automation in countries such as Japan and China and introducing technologically advanced actuators in various industries will drive regional robotics and automation actuators market growth. In addition, countries like China, India, and Japan, renowned for their excellence in the production industry, significantly focus on investing in automation to increase their manufacturing and production capacities. For instance, in 2020, over 700 CK modular electrical actuators from Rotork PLC were installed at the Shantou Wastewater Treatment Plant in Guangdong, China, to help enable waste disposal following new environmental regulations.

Furthermore, the North American market is expected to have the highest revenue share in the global actuators market during the forecast period, owing to the presence of well-established and expanding aircraft and automotive manufacturing units in the region. North America led the linear actuators market due to increased demand from aerospace and defense and the emergence of semiconductors and electronic manufacturing industries, and it is expected to grow significantly during the forecast period.

What is the regulatory landscape for the actuators market?

The installation of safety systems in vehicles is being prompted by regulations and standards governing vehicle safety imposed by governmental and regulatory bodies, which propel the global actuators market. For instance, the VISION 2020 TRANSPORT scheme, launched by the Government of India's Niti Aayog, has been catering to the development of India's transportation industry in recent years. This opens up new opportunities for pneumatic actuators market manufacturers in India. Besides, market participants frequently employ strategies to aid market growth and product demand. Engaging in multimillion-dollar deals with government agencies and other players to secure profitable revenue for their business is one of the many impressive strategies readily available to protect the environment and business prospects.

What is the Market Size of Actuators regarding value?

The global actuators market is anticipated to grow at a substantial CAGR of 7.7% in the upcoming years. The global actuators industry is estimated to be worth USD 52.6 billion in 2021 and is expected to be worth USD 82.08 billion by 2028.

What are the major players planning for the future of the actuators market?

The automated valves and actuators market is evolving, with several key market participants transitioning from equipment manufacturers and suppliers to full-service solution providers. Robotics and automation actuators use cloud platforms and analytics engines for data management, processing, and predictive maintenance. End users prefer solution providers over hardware suppliers willing to invest sufficient time and resources in process evaluation, product customization, digitalization service, and support to successfully deploy advanced technology and long-term technological partnerships for streamlining overall plant process efficiency and emissions. For example, in 2020, Rockwell Automation received a contract from Codelco, the world's largest copper producer. The contract was valued at USD 50 million. This allowed the company to provide various methods for the Chuquicamata underground mine. It involved converting a century-old open-pit mine into a highly developed super cave mine to increase the mine's lifespan by at least 40 years. The contract also included the supply, configuration, assembly, and engineering of four systems that comprise the mine control system. The top suppliers, manufacturers, and exporters of actuators on the world market include SMC, Rotork, Parker Hannifin, Flowserve, and Emerson Electric. These companies sell actuators under a variety of brand names. They offer various pneumatic and hydraulic actuator variations. Market participants in the actuator market are planning to invest in motion and are embedded with advanced control technologies.

Segmentation of Global Actuators Market -

Global Actuators Market – By System

  • Electric
  • Pneumatic
  • Hydraulic
  • Mechanical
  • Others

Global Actuators Market – By Type

  • Rotary
  • Linear

Global Actuators Market – By Application

  • Industrial
  • Commercial

Global Actuators Market – By End-User

  • Energy and Mining
  • Construction
  • Chemical
  • Automotive
  • Healthcare
  • Steel
  • Military and Defense
  • Others

Global Actuators Market – By Region

  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global actuators market

The covid-19 pandemic negatively affected the global actuators market owing to the shutting down of production and manufacturing hubs and the sudden decline in key application sectors such as industrial automation, construction, automotive, offshore, and transportation.

The Asia Pacific actuators market is expected to grow at a faster rate during the forecast period, owing to rising investments in automation by countries such as China, Japan, and India, as well as the development of technologically advanced actuators, which will lead to an increase in the adoption of robotics and automation actuators devices in a variety of industries.

Increasing productivity and reducing downtime in industrial facilities and manufacturing activities worldwide are expected to drive the global market for valves and actuators. Developing highly efficient actuators and growing demand for industrial robots and process automation across various industrial verticals are key factors propelling the growth of robotics and automation actuators.

The electric segment had a major share in the global market in 2021.

The linear segment had a major share in the global market.

Actuators Market Scope

Report Attribute Details
Market Value in 2021 USD 82.08 billion
Market Value in 2028 USD 52.6 billion
CAGR 7.7%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Industrial Goods
Report ID:   60755
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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