Actuator Market Size & Trends

2022-07-19 13:17:48 UTC | Electronics & Semiconductors
Actuator Market Size & Trends

According to a new market research report published by Global Market Estimates, the Actuator Market   is projected from an estimated USD 53.9 billion in 2022 to USD 86.6 billion by 2027, at a CAGR of 8.2%.

The market is expected to be driven market rising need for novel and cutting-edge actuators across a variety industry, rising demand in the healthcare industry and huge investment on infrastructure and facility modernization.

Other factors influencing the market include the growing use of smart actuators in various industries, an increase in the number of commercial planes delivered, technological breakthroughs, the creation of smart cities around the world, an increase in oil exploration activities, and the automotive industry's ongoing expansion.

Browse 153 Market Data Tables and 113 Figures spread through 185 Pages and in-depth TOC on “Actuator Market - Forecast to 2027’’  

By Actuation (Electrical, Pneumatic, Hydraulic), By Type (Linear, Rotary), By Vertical (Automotive, Electronics, Healthcare), By Region (North America, Asia Pacific, Central, and South America, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Key Market Insights

·         As per the Type outlook, the Linear segment is expected to be the largest segment in the Actuator Market from 2022 to 2027

·         The Asia Pacific region is analyzed to be the fastest-growing segment in the market

·         North American Region has the largest share in the market during the forecast period of 2022-2027.

·         As per the Vertical, the Automotive segment is expected to be the largest segment in the Actuator Market   from 2022 to 2027

·         Emerson Electric, ABB, Rockwell Automation, Altra Industrial Motion, Moog, SMC, Curtis Wright Corporation, MISUMI, Rotork plc, Parker Hannifin are some among the key players of this market.

Type Outlook (Revenue, USD Billion, 2022-2027)

·         Linear

·         Rotary

Actuation Outlook (Revenue, USD Billion, 2022-2027)

·         Electrical

·         Pneumatic

·         Hydraulic

Vertical Outlook (Revenue, USD Billion, 2022-2027)

·         Automotive

·         Electronics

·         Healthcare

Regional Outlook (Revenue, USD Billion, 2022-2027)

North America                                                                                 


Asia Pacific

Central & South America

Middle East & Africa


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