Frequently Asked Questions
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.