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’’ https://www.globalmarketestimates.com/market-report/actuator-market-3871
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
Europe
Asia Pacific
Central
& South America
Middle
East & Africa
Contact: Yash Jain
Email address:
yash.jain@globalmarketestimates.com
Phone Number: +1
6026667238